stockrowCorMedix Inc
CRMD Healthcare Biotechnology
CorMedix Inc’s revenue for fiscal 2025 (year ended December 2025) was $311.7 million, up 617.0% from fiscal 2024.
- Revenue
- +156.5%
- EPS
- +13.8%
- Free cash flow
- +185.9%
Quarter to June 2026, against a year earlier
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CorMedix Inc (CRMD) Altman Z-score
CorMedix Inc's Altman Z-score for fiscal 2025 is 2.15, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.15 | (2.78) |
| FY2024 | 4.93 | (2.87) |
| FY2022 | 7.80 | (3.60) |
| FY2021 | 11.40 | (6.72) |
| FY2020 | 18.12 | 10.69 |
| FY2019 | 7.43 | 19.77 |
| FY2018 | −12.34 | 8.28 |
| FY2017 | −20.62 | (18.77) |
| FY2016 | −1.85 | (10.26) |
| FY2015 | 8.42 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.23 | — | 0.28 | |
| Retained earnings / total assets | (0.21) | — | −0.30 | |
| EBIT / total assets | 0.18 | — | 0.60 | |
| Market value of equity / total liabilities | 1.99 | — | 1.19 | |
| Sales / total assets | 0.38 | — | 0.38 | |
| Altman Z-score | Grey zone | 2.15 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.07 | ||
Z and Z″ put CorMedix Inc in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| OCS Oculis Holding AG compare | 10.5× |
| CRMD CorMedix Inc | 2.2× |
| ASMB Assembly Biosciences, Inc. compare | 1.1× |
| PRTCY PureTech Health PLC Sponsored ADR compare | 0.8× |
| PRTA Prothena Corporation plc compare | −0.2× |
| PHAT Phathom Pharmaceuticals, Inc. compare | −7.9× |
| EDIT Editas Medicine, Inc. compare | −13.4× |
| RLMD Relmada Therapeutics, Inc. compare | — |
| BLSM BlossomHill Therapeutics, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets