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CorMedix vs Mannkind: CRMD and MNKD compared
CorMedix is the larger company: $102M of revenue in its latest quarter (Q2 2026) against $102M for Mannkind (Q3 2026). CorMedix is growing faster (+156% against +24% a year earlier). CorMedix is more profitable, with an operating margin of 42.1% against -2.1%.
Where the money goes: CRMD and MNKD
CorMedix (CRMD) · Q2 2026
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.
Mannkind (MNKD) · Q3 2026
Mannkind, Q3 2026: revenue $102M (+24% year over year), operating margin -2.1%, net loss $23.2M, operating cash flow −$34.5M. The chart follows the revenue to costs, profit and cash.
| CorMedix (CRMD) | Mannkind (MNKD) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $102M | $102M |
| Revenue growth, Y/Y | +156% | +24% |
| Gross margin | 75.7% | — |
| Operating margin | 42.1% | -2.1% |
| Net earnings | $26.0M | −$23.2M |
| Net margin | 25.5% | -22.8% |
| Operating cash flow | $86.2M | −$34.5M |
| Free cash flow | $85.7M | — |
| Market value | — | $1.0B |
| Analysts’ mean target | — | $8.11 |
Where the revenue comes from
CorMedix
- Product sales, net: $94.3M (93%)
- Contract revenue: $5.0M (5%)
- Grant income: $2.6M (3%)
Mannkind
- Product: $45.0M (44%)
- Royalty: $37.5M (37%)
- License and Service: $19.4M (19%)
Questions
Which is bigger, CorMedix or Mannkind?
CorMedix is the larger company: $102M of revenue in its latest quarter (Q2 2026) against $102M for Mannkind (Q3 2026).
Is CorMedix or Mannkind growing faster?
CorMedix is growing faster (+156% against +24% a year earlier).
Which is more profitable, CorMedix or Mannkind?
CorMedix is more profitable, with an operating margin of 42.1% against -2.1%.
More: CorMedix earnings · how CorMedix makes money · Mannkind earnings · how Mannkind makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.