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CorMedix (CRMD) R&D spending by quarter

CorMedix's R&D spending was $6.7M in Q2 2026 (second quarter 2026), -7% from Q1 2026. Over the last 7 quarters it ranged from $1.7M (Q4 2024) to $8.6M (Q4 2025).

CorMedix R&D spending by quarterCorMedix R&D spending by quarter$1.7MQ4 2024$3.2MQ1 2025$2.4MQ2 2025$5.1MQ3 2025$8.6MQ4 2025$7.2MQ1 2026$6.7MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$6.7M-7%+174%
Q1 2026$7.2M-16%+126%
Q4 2025$8.6M+69%+398%
Q3 2025$5.1M+109%—
Q2 2025$2.4M-24%—
Q1 2025$3.2M+85%—
Q4 2024$1.7M——

Q2 2026 at a glance

CorMedix, Q2 2026: revenue $102M (+156% year over year), operating margin 42.1%, net earnings $26.0M, operating cash flow $86.2M. The chart follows the revenue to costs, profit and cash.

Questions

What is CorMedix's R&D spending?

CorMedix's R&D spending was $6.7M in Q2 2026 (second quarter 2026), -7% from Q1 2026.

How has CorMedix's R&D spending changed?

Over the last 7 quarters it ranged from $1.7M (Q4 2024) to $8.6M (Q4 2025).

Q2 2026 results → · How CorMedix makes money →