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
DateValue
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