CorMedix (CRMD) Operating Expenses (2010 - 2025)

CorMedix (CRMD) reported Operating Expenses of $48.2 million for Q4 2025, up 181.79% on a YoY basis from $17.1 million in Q4 2024, and up 15.45% sequentially from $41.7 million in Q3 2025.

CorMedix (CRMD) Operating Expenses (2010 - 2025) Analysis & Trends

CorMedix (CRMD) has 15 years of Operating Expenses data on file, last reported at $48.2 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 181.79% year-over-year to $48.2 million; the trailing twelve-month figure through Dec 2025 stood at $125.6 million (up 100.53% YoY), and the FY2025 full-year result was $125.6 million, up 100.53% from the prior year.
  • Operating Expenses improved to $48.2 million in Q4 2025, from $41.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $48.2 million in Q4 2025 to a low of $5.9 million in Q2 2021.
  • A 5-year average of $14.9 million and a median of $11.4 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses slumped 34.11% in 2021 and surged 196.9% in 2025, its largest moves.
  • Tracing CRMD's Operating Expenses over 5 years: stood at $7.8 million in 2021, then increased by 8.09% to $8.4 million in 2022, then soared by 86.12% to $15.7 million in 2023, then rose by 9.12% to $17.1 million in 2024, then surged by 181.79% to $48.2 million in 2025.
  • Business Quant data shows CRMD's Operating Expenses at $48.2 million in Q4 2025, $41.7 million in Q3 2025, and $18.3 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -28.01 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 1.10 Bn
4 NuCana 279.75 Bn 279.75 Bn - -3.78 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 445.22 Mn
10 CorMedix 546.82 Mn 391.62 Mn 107.31 Mn 48.18 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 48.18 Mn
Sep 30, 2025 41.73 Mn
Jun 30, 2025 18.33 Mn
Mar 31, 2025 17.36 Mn
Dec 31, 2024 17.10 Mn
Sep 30, 2024 14.06 Mn
Jun 30, 2024 15.60 Mn
Mar 31, 2024 15.89 Mn
Dec 31, 2023 15.67 Mn
Sep 30, 2023 10.47 Mn
Jun 30, 2023 11.80 Mn
Mar 31, 2023 11.02 Mn
Dec 31, 2022 8.42 Mn
Sep 30, 2022 6.97 Mn
Jun 30, 2022 8.26 Mn
Mar 31, 2022 7.04 Mn
Dec 31, 2021 7.79 Mn
Sep 30, 2021 8.58 Mn
Jun 30, 2021 5.88 Mn
Mar 31, 2021 7.24 Mn