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Net Income was $14.02 million in the fourth quarter, slightly higher than $13.5 million reported in Q4 2024. However, on a per-share basis, earnings declined to $0.16 in the fourth quarter from $0.20 in the prior-year period.
Adjusted EBITDA, which excludes non-cash items such as depreciation, amortization, stock-based compensation, and interest, totaled $77.2 million in Q4, compared to $15.3 million in the year-ago quarter.
Management reaffirmed its previously issued 2026 guidance and continues to expect full-year net revenue to be between $300 million and $320 million. The guidance for FY26 adjusted EBITDA has been reiterated in the $100-125 million range. Last month, the company approved a buyback program to repurchase up to $75 million of its outstanding common stock.
Joe Todisco, CorMedix’s CEO, said, “With the announcement of our share repurchase program and multiple near-term milestones on the horizon, most notably the Rezzayo ReSPECT phase III data, CorMedix is focused on driving business growth and shareholder value over the year ahead.”
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