CorMedix (CRMD) Research & Development (2010 - 2025)
CorMedix's (CRMD) quarterly Research & Development came in at $8.6 million in Q4 2025, up 398.14% year-on-year from $1.7 million in Q4 2024, and up 68.71% quarter-over-quarter from $5.1 million in Q3 2025.
CorMedix (CRMD) Research & Development (2010 - 2025) Analysis & Trends
CorMedix has disclosed Research & Development across 15 years of filings, most recently posting $8.6 million for Q4 2025.
- Research & Development for Q4 2025 came in at $8.6 million, up 398.14% year-over-year; the trailing twelve-month figure through Dec 2025 was $19.3 million (up 390.44% YoY), and the FY2025 annual result was $19.3 million, up 390.44% from the prior year.
- Research & Development came in at $8.6 million for Q4 2025 at CorMedix, up from $5.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $8.6 million in Q4 2025 to a low of $650988.0 in Q2 2024.
- The 5-year median for Research & Development is $2.7 million (2021), against an average of $3.0 million.
- Across the five-year window, Research & Development slumped 86.42% in 2024 and surged 601.07% in 2025, its largest moves.
- CorMedix's Research & Development stood at $3.2 million in 2021, then decreased by 12.12% to $2.8 million in 2022, then fell by 19.5% to $2.3 million in 2023, then decreased by 24.57% to $1.7 million in 2024, then soared by 398.14% to $8.6 million in 2025.
- The last three Research & Development figures came in at $8.6 million (Q4 2025), $5.1 million (Q3 2025), and $2.4 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 762,369.55 Bn | 762,369.51 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 55,096.00 Bn | 55,096.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,755.80 Bn | 17,755.79 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 3,486.00 Bn | 3,485.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Akari Therapeutics | 1,737.42 Bn | 1,737.41 Bn | - | 1.46 Mn |
| 6 | Evaxion A | 1,551.28 Bn | 1,551.26 Bn | - | -2.30 Mn |
| 7 | Psyence Biomedical | 227.32 Bn | 227.31 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 110.84 Bn | 103.59 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.71 Bn | 91.71 Bn | - | -58.00 Mn |
| 10 | CorMedix | 631,378.03 | -154.57 Mn | 107.31 Mn | 8.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 8.60 Mn |
| Sep 30, 2025 | 5.10 Mn |
| Jun 30, 2025 | 2.44 Mn |
| Mar 31, 2025 | 3.19 Mn |
| Dec 31, 2024 | 1.73 Mn |
| Sep 30, 2024 | 727,119.00 |
| Jun 30, 2024 | 650,988.00 |
| Mar 31, 2024 | 837,445.00 |
| Dec 31, 2023 | 2.29 Mn |
| Sep 30, 2023 | 2.66 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 |