CorMedix (CRMD) Operating Expenses (2010 - 2025)

CorMedix's (CRMD) quarterly Operating Expenses came in at $48.2 million in Q4 2025, up 181.79% year-on-year from $17.1 million in Q4 2024, and up 15.45% quarter-over-quarter from $41.7 million in Q3 2025.

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

CorMedix has disclosed Operating Expenses across 15 years of filings, most recently posting $48.2 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at $48.2 million, up 181.79% year-over-year; the trailing twelve-month figure through Dec 2025 was $125.6 million (up 100.53% YoY), and the FY2025 annual result was $125.6 million, up 100.53% from the prior year.
  • Operating Expenses came in at $48.2 million for Q4 2025 at CorMedix, up 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.
  • The 5-year median for Operating Expenses is $11.4 million (2023), against an average of $14.9 million.
  • Across the five-year window, Operating Expenses plunged 34.11% in 2021 and surged 196.9% in 2025, its largest moves.
  • CorMedix's Operating Expenses stood at $7.8 million in 2021, then rose by 8.09% to $8.4 million in 2022, then jumped by 86.12% to $15.7 million in 2023, then gained by 9.12% to $17.1 million in 2024, then soared by 181.79% to $48.2 million in 2025.
  • The last three Operating Expenses figures came in at $48.2 million (Q4 2025), $41.7 million (Q3 2025), and $18.3 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 762,369.55 Bn 762,369.51 Bn - 4.33 Mn
2 Belite Bio 55,096.00 Bn 55,096.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,755.80 Bn 17,755.79 Bn - 2.97 Mn
4 Legend Biotech 3,486.00 Bn 3,485.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,737.42 Bn 1,737.41 Bn - 15.76 Mn
6 Evaxion A 1,551.28 Bn 1,551.26 Bn - -3.82 Mn
7 Psyence Biomedical 227.32 Bn 227.31 Bn - 574,669.00
8 Vertex Pharmaceuticals 110.84 Bn 103.59 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.71 Bn 91.71 Bn - -67.40 Mn
10 CorMedix 631,378.03 -154.57 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