CorMedix (CRMD) Research & Development (2010 - 2025)
CorMedix (CRMD) reported Research & Development of -$2.7 million for Q4 2025, down 110.22% on a YoY basis from $26.5 million in Q4 2024, and down 124.24% sequentially from $11.2 million in Q3 2025.
CorMedix (CRMD) Research & Development (2010 - 2025) Analysis & Trends
CorMedix (CRMD) has 15 years of Research & Development data on file, last reported at -$2.7 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 110.22% year-over-year to -$2.7 million; the trailing twelve-month figure through Dec 2025 stood at $14.1 million (down 60.22% YoY), and the FY2025 full-year result was $19.3 million, down 32.72% from the prior year.
- Research & Development declined to -$2.7 million in Q4 2025, from $11.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $26.5 million in Q4 2024 to a low of -$2.7 million in Q4 2025.
- A 5-year average of $4.4 million and a median of $3.2 million in 2023 frame the typical range for Research & Development.
- Peak annual rise in Research & Development reached 1438.41% in 2025, while the deepest fall reached 110.22% in 2025.
- Tracing CRMD's Research & Development over 5 years: stood at $3.2 million in 2021, then retreated by 12.12% to $2.8 million in 2022, then increased by 12.53% to $3.2 million in 2023, then surged by 728.93% to $26.5 million in 2024, then slumped by 110.22% to -$2.7 million in 2025.
- Business Quant data shows CRMD's Research & Development at -$2.7 million in Q4 2025, $11.2 million in Q3 2025, and $2.4 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 541.22 Mn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -2.31 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 1.37 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 343.97 Mn |
| 10 | CorMedix | 546.82 Mn | 391.62 Mn | 107.31 Mn | -2.71 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.71 Mn |
| Sep 30, 2025 | 11.19 Mn |
| Jun 30, 2025 | 2.44 Mn |
| Mar 31, 2025 | 3.19 Mn |
| Dec 31, 2024 | 26.52 Mn |
| Sep 30, 2024 | 727,119.00 |
| Jun 30, 2024 | 7.39 Mn |
| Mar 31, 2024 | 837,445.00 |
| Dec 31, 2023 | 3.20 Mn |
| Sep 30, 2023 | 4.06 Mn |
| Jun 30, 2023 | 4.79 Mn |
| Mar 31, 2023 | 3.41 Mn |
| Dec 31, 2022 | 2.84 Mn |
| Sep 30, 2022 | 2.34 Mn |
| Jun 30, 2022 | 3.21 Mn |
| Mar 31, 2022 | 2.29 Mn |
| Dec 31, 2021 | 3.24 Mn |
| Sep 30, 2021 | 4.74 Mn |
| Jun 30, 2021 | 2.52 Mn |
| Mar 31, 2021 | 2.64 Mn |