CorMedix (CRMD) Balance Sheet: Assets & Liabilities

CorMedix (CRMD) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), CorMedix reported total assets of $826.14M and total liabilities of $420.83M. Shareholders' equity was $405.31M, up 378.8% from $84.66M a year earlier. Total debt stood at $146.07M against $148.53M in cash and short-term investments, a net cash position of $2.46M. That puts debt-to-equity at 0.36, compared with 0.01 a year earlier.

CorMedix Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for CorMedix Inc. (CRMD) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	144.84	40.65	43.64	43.37	53.32	41.91	16.53	17.62	10.38
Short-Term Investments	3.69	11.04	32.39	15.64	12.15	4.44	11.98	0.00	1.60
Cash & Short-Term Investments	148.53	51.69	76.03	59.02	65.47	46.35	28.51	17.62	11.98
Accounts Receivable	171.23	51.65	0.00	0.00	0.05	0.00	0.00	0.01	0.06
Inventory	29.72	7.60	2.11	0.00	0.00	0.14	0.34	0.43	0.59
Other Current Assets	17.57	3.63	1.31	0.53	0.77	1.41	0.50	0.60	0.63
Total Current Assets	367.05	114.58	79.45	59.55	66.47	48.18	29.35	18.67	13.27
Non-Current Assets
Property, Plant & Equipment (Net)	9.93	2.32	2.51	2.38	2.37	1.13	0.13	0.16	0.19
Long-Term Investments	10.36	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	30.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	379.07	1.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	40.09	0.11	0.10	0.10	0.10	0.00	0.00	0.00	0.00
Total Non-Current Assets	459.09	4.27	2.61	2.49	2.48	1.13	0.13	0.16	0.19
Total Assets	826.14	118.85	82.06	62.04	68.95	49.31	29.48	18.83	13.45
Current Liabilities
Accounts Payable	7.88	1.72	4.28	2.20	2.21	1.13	1.02	2.59	1.81
Short-Term Debt	1.45	0.17	0.15	0.13	0.24	0.11	0.00	0.00	0.00
Accrued Liabilities	161.92	31.95	6.97	3.97	3.01	2.92	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.09
Other Current Liabilities	3.02	31.95	6.97	3.97	2.89	2.92	4.80	5.17	4.36
Total Current Liabilities	174.27	33.84	11.40	6.31	5.35	4.16	5.83	7.77	6.26
Non-Current Liabilities
Long-Term Debt	144.63	0.35	0.52	0.67	0.80	0.92	0.00	6.13	0.00
Other Non-Current Liabilities	99.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	246.57	0.35	0.52	0.67	0.80	0.92	0.00	6.13	0.00
Total Liabilities	420.84	34.19	11.92	6.98	6.15	5.09	5.83	13.89	6.26
Stockholders' Equity
Common Stock	0.08	0.06	0.05	0.04	0.04	0.03	0.03	0.11	0.07
Retained Earnings	-176.58	-339.63	-321.70	-275.36	-245.66	-217.45	-195.42	-178.99	-152.17
Accumulated Other Comprehensive Income	0.00	0.09	0.09	0.08	0.09	0.10	0.10	0.10	0.10
Additional Paid-in Capital	581.80	424.13	391.69	330.29	308.33	261.54	218.94	183.72	159.20
Shares Outstanding	79.26	64.41	54.94	42.82	38.09	-	-	-	-
Total Stockholders' Equity	405.31	84.66	70.14	55.06	62.80	44.22	-195.42	-178.99	-152.17
Total Liabilities & Equity	826.14	118.85	82.06	62.04	68.95	49.31	29.48	18.83	13.45

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About CorMedix Balance Sheet

How much debt does CorMedix have?

CorMedix had total debt of $146.07M as of Dec 31, 2025, against $148.53M in cash and short-term investments. Its debt-to-equity ratio was 0.36. Total debt was $517.01K a year earlier.

What are CorMedix's total assets?

CorMedix reported total assets of $826.14M as of Dec 31, 2025, up 595.1% from $118.85M a year earlier. Total liabilities were $420.83M.

What is CorMedix's shareholders' equity?

CorMedix's shareholders' equity was $405.31M as of Dec 31, 2025, or about $5.11 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition