CorMedix Inc.

NasdaqGM:CRMD Stock Report

Market Cap: US$557.3m

CorMedix Future Growth

Future criteria checks 2/6

CorMedix is forecast to grow earnings and revenue by 6.8% and 11.3% per annum respectively while EPS is expected to decline by 2.5% per annum.

Key information

6.8%

Earnings growth rate

-2.54%

EPS growth rate

Pharmaceuticals earnings growth11.1%
Revenue growth rate11.3%
Future return on equityn/a
Analyst coverage

Good

Last updated06 Mar 2026

Recent future growth updates

Recent updates

CorMedix: Waiting On Phase III ReSPECT For A Further Re-Rating (Upgrade)

Apr 02

CRMD is trading at 5.9x trough-year EBITDA with the market ascribing near-zero value to two near-term pipeline events

Investment Thesis DefenCath's regulatory moat (only FDA-approved antimicrobial CLS in the U.S., NCE+GAIN exclusivity through 2033, composition patent to 2042) is intact and the 72% real-world CRBSI reduction is standard-of-care quality data; the TDAPA pricing step-down is a commercial mechanics event, not a competitive displacement event The stock at $7.02 prices in approximately the bear case ($6.54), meaning investors are effectively receiving the REZZAYO prophylaxis Phase III binary and the DefenCath TPN pipeline for free — an unusual asymmetry for a cash-flow-positive commercial pharma company Operating cash flow of $175M in FY2025 and $148.5M in cash provides full self-funding of pipeline without dilution risk, and the $75M buyback at current prices represents management's explicit capital allocation conviction about intrinsic value The Melinta acquisition was well-priced ($30M goodwill on $391M identified intangibles) and adds an annualizing $130M+ revenue stream with shared call points that provide SG&A leverage as the combined platform scales Post-TDAPA recovery in 2027 (3x–5x higher add-on payment vs. H2 2026 per management, plus Medicare Advantage contracting upside not in guidance) provides a clearly identified catalyst path back to re-rating independent of pipeline success Risk Considerations ReSPECT Phase III failure (data Q2 2026) would eliminate ~$221M of base case rNPV, trigger impairment of the $143M IPR&D intangible, and likely reset the stock to the $5.60 52-week low or below — this is the primary binary risk and is near-term Customer concentration at 79% revenue from three accounts is structurally dangerous; any publicly announced reduction in DefenCath orders from a major dialysis organization would be a material negative event with little warning The Q4 GAAP EPS miss ($0.16 vs.

CorMedix Inc. (NASDAQ:CRMD) Not Doing Enough For Some Investors As Its Shares Slump 35%

Feb 06
CorMedix Inc. (NASDAQ:CRMD) Not Doing Enough For Some Investors As Its Shares Slump 35%

CorMedix Inc.'s (NASDAQ:CRMD) 28% Jump Shows Its Popularity With Investors

Dec 23
CorMedix Inc.'s (NASDAQ:CRMD) 28% Jump Shows Its Popularity With Investors

Statutory Earnings May Not Be The Best Way To Understand CorMedix's (NASDAQ:CRMD) True Position

Aug 14
Statutory Earnings May Not Be The Best Way To Understand CorMedix's (NASDAQ:CRMD) True Position

It's A Story Of Risk Vs Reward With CorMedix Inc. (NASDAQ:CRMD)

Aug 09
It's A Story Of Risk Vs Reward With CorMedix Inc. (NASDAQ:CRMD)

Bullish: Analysts Just Made A Meaningful Upgrade To Their CorMedix Inc. (NASDAQ:CRMD) Forecasts

Jun 27
Bullish: Analysts Just Made A Meaningful Upgrade To Their CorMedix Inc. (NASDAQ:CRMD) Forecasts
User avatar

DefenCath Launch Will Boost Inpatient And Dialysis Opportunities

Strong revenue growth prospects from DefenCath's successful launch and expansion into new segments like inpatient facilities and partnerships.

The Hidden Risks Behind CorMedix's First Profitable Quarter

Mar 26

Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation

Jan 17
Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation

CorMedix: Finally In Commercialization Mode

Jan 07

CorMedix Inc.'s (NASDAQ:CRMD) P/S Is On The Mark

Dec 13
CorMedix Inc.'s (NASDAQ:CRMD) P/S Is On The Mark

Here's Why CorMedix Inc.'s (NASDAQ:CRMD) CEO Compensation Is The Least Of Shareholders' Concerns

Nov 14
Here's Why CorMedix Inc.'s (NASDAQ:CRMD) CEO Compensation Is The Least Of Shareholders' Concerns

Analysts Just Made A Massive Upgrade To Their CorMedix Inc. (NASDAQ:CRMD) Forecasts

Nov 04
Analysts Just Made A Massive Upgrade To Their CorMedix Inc. (NASDAQ:CRMD) Forecasts

CorMedix 2.0: New Leadership, New Approval, New Focus

Oct 28

CorMedix: Delayed Approval, Low Cash, Good Prospects

Oct 19

We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely

Sep 30
We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely

We Think CorMedix (NASDAQ:CRMD) Can Afford To Drive Business Growth

Apr 06
We Think CorMedix (NASDAQ:CRMD) Can Afford To Drive Business Growth

We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely

Nov 02
We're Hopeful That CorMedix (NASDAQ:CRMD) Will Use Its Cash Wisely

Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation

Jul 31
Here's Why We're Not Too Worried About CorMedix's (NASDAQ:CRMD) Cash Burn Situation

CorMedix (NASDAQ:CRMD) Is In A Good Position To Deliver On Growth Plans

Feb 25
CorMedix (NASDAQ:CRMD) Is In A Good Position To Deliver On Growth Plans

FDA again rejects CorMedix's application for lead candidate DefenCath, shares sink ~60%

Aug 08

Earnings and Revenue Growth Forecasts

NasdaqGM:CRMD - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283488686815
12/31/20272904778837
12/31/2026307741011067
12/31/2025312162173175N/A
9/30/20252141627475N/A
6/30/2025121513030N/A
3/31/20258317-14-14N/A
12/31/202443-18-51-51N/A
9/30/202412-46-56-56N/A
6/30/20241-53-51-51N/A
3/31/2024N/A-50-46-45N/A
12/31/2023N/A-46-39-38N/A
9/30/20230-40-34-34N/A
6/30/20230-37-31-31N/A
3/31/20230-33-28-28N/A
12/31/20220-30-25-24N/A
9/30/20220-29-25-24N/A
6/30/20220-31-25-24N/A
3/31/20220-28-23-21N/A
12/31/20210-28-23-21N/A
9/30/20210-27-22-21N/A
6/30/20210-25-23-23N/A
3/31/20210-24-21-21N/A
12/31/20200-22-22-22N/A
9/30/20200-21-20-20N/A
6/30/20200-47-17-17N/A
3/31/20200-44-16-16N/A
12/31/20190-44-15-15N/A
9/30/20190-36N/A-18N/A
6/30/20191-14N/A-20N/A
3/31/20191-22N/A-24N/A
12/31/20180-27N/A-24N/A
9/30/20180-39N/A-24N/A
6/30/20180-39N/A-25N/A
3/31/20180-36N/A-29N/A
12/31/20170-33N/A-29N/A
9/30/20170-29N/A-28N/A
6/30/20170-28N/A-28N/A
3/31/20170-28N/A-24N/A
12/31/20160-25N/A-22N/A
9/30/20160-22N/A-19N/A
6/30/20160-18N/A-16N/A
3/31/20160-17N/A-16N/A
12/31/20150-18N/A-13N/A
9/30/20150-17N/A-10N/A
6/30/20150-17N/A-9N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRMD's forecast earnings growth (6.8% per year) is above the savings rate (3.4%).

Earnings vs Market: CRMD's earnings (6.8% per year) are forecast to grow slower than the US market (15.5% per year).

High Growth Earnings: CRMD's earnings are forecast to grow, but not significantly.

Revenue vs Market: CRMD's revenue (11.3% per year) is forecast to grow faster than the US market (10.4% per year).

High Growth Revenue: CRMD's revenue (11.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if CRMD's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/06 22:24
End of Day Share Price 2026/04/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CorMedix Inc. is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew D'SilvaB. Riley Securities, Inc.
Jason ButlerCitizens JMP Securities, LLC
Jason KolbertD. Boral Capital LLC.