KORU Medical Systems, Inc. (KRMD) Financial Statements
Industry: Surgical & Medical Instruments & Apparatus
In fiscal 2025, KORU Medical Systems reported revenue of $41.1M, up 22.2% from $33.6M the year before. Net income was -$2.6M (a -6.4% net margin), or -$0.06 per diluted share. Gross margin was 62.3% and operating margin was -7.2%. Operating activities generated $462,405 of cash, leaving -$470,112 of free cash flow. At fiscal year end, KORU Medical Systems held $28.2M in total assets against $11.2M in total liabilities, including $8.9M of cash and equivalents.
Open the full interactive KORU Medical Systems financials → Quarterly statements, key ratios, valuation history and price charts.
KORU Medical Systems Key Stats
| Share Price | $3.00 |
|---|---|
| Market Cap | $148.5M |
| Revenue YoY Growth | +22.2% |
| 52-Week Range | $2.93 – $6.52 |
| Shares Outstanding | 46.1 million (basic, 2026 Q2) |
KORU Medical Systems Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $24.2M | $23.5M | $27.9M | $28.5M | $33.6M | $41.1M |
| Cost of Goods Sold | $9.2M | $9.7M | $12.5M | $11.8M | $12.3M | $15.5M |
| Gross Profit | $14.9M | $13.8M | $15.4M | $16.7M | $21.3M | $25.6M |
| Operating Income | -$1.3M | -$7.0M | -$10.8M | -$10.3M | -$6.4M | -$3.0M |
| Pre-Tax Income | -$1.2M | $6.4M | -$10.7M | -$9.8M | -$6.1M | -$2.6M |
| Income Tax | $17,800 | $1.8M | -$2.0M | $4.0M | $2,893 | $21,890 |
| Net Income | -$1.2M | -$4.6M | -$8.7M | -$13.7M | -$6.1M | -$2.6M |
| Diluted EPS | -$0.03 | -$0.10 | -$0.19 | -$0.30 | -$0.13 | -$0.06 |
KORU Medical Systems Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $10.4M | $10.9M | $11.8M | $12.0M |
| Net Income | -$777,966 | -$486,856 | -$807,078 | $252,449 |
| Diluted EPS | $0.02 | -$0.01 | -$0.02 | $0.01 |
KORU Medical Systems Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $27.3M | $25.3M | $17.4M | $11.5M | $9.6M | $8.9M |
| Current Assets | $37.5M | $37.3M | $29.8M | $20.3M | $19.1M | $20.0M |
| Total Assets | $39.9M | $41.3M | $42.3M | $28.5M | $27.2M | $28.2M |
| Current Liabilities | $3.7M | $4.8M | $7.0M | $4.5M | $7.2M | $8.2M |
| Total Liabilities | $3.8M | $4.8M | $11.0M | $8.1M | $10.4M | $11.2M |
| Shareholders' Equity | $36.2M | $36.5M | $31.3M | $20.4M | $16.8M | $17.0M |
KORU Medical Systems Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$743,323 | -$4.3M | -$5.4M | -$4.9M | -$319,718 | $462,405 |
| Cash From Investing | -$1.0M | -$366,169 | -$2.8M | -$814,597 | -$1.3M | -$949,790 |
| Cash From Financing | $23.2M | $2.7M | $279,485 | -$218,867 | -$248,533 | -$221,350 |
| Free Cash Flow | -$1.7M | -$4.7M | -$8.2M | -$5.7M | -$1.6M | -$470,112 |
Figures from KORU Medical Systems' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full KORU Medical Systems financials page for every line item.
KORU Medical Systems Company Profile
| Ticker | KRMD |
|---|---|
| Exchange | Nasdaq |
| Industry | Surgical & Medical Instruments & Apparatus |
| Headquarters | Mahwah, New Jersey |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000704440 |
Frequently Asked Questions
What was KORU Medical Systems' revenue in fiscal 2025?
KORU Medical Systems (KRMD) reported revenue of $41.1M for fiscal 2025.
What is KORU Medical Systems' annual revenue history?
KORU Medical Systems' annual revenue by fiscal year: 2020: $24.2M; 2021: $23.5M; 2022: $27.9M; 2023: $28.5M; 2024: $33.6M; 2025: $41.1M.
What was KORU Medical Systems' net income in fiscal 2025?
KORU Medical Systems reported net income of -$2.6M for fiscal 2025.
What was KORU Medical Systems' earnings per share (EPS) in fiscal 2025?
KORU Medical Systems' diluted EPS was -$0.06 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did KORU Medical Systems generate in fiscal 2025?
KORU Medical Systems generated -$470,112 of free cash flow in fiscal 2025.
What was KORU Medical Systems' revenue last quarter?
In its most recent reported quarter (2026 Q2), KORU Medical Systems reported revenue of $12.0M.
How many shares of KORU Medical Systems are outstanding?
KORU Medical Systems reported a weighted average of 46.1 million basic shares outstanding in 2026 Q2.
What is KORU Medical Systems' market cap?
Based on its latest closing price, KORU Medical Systems (KRMD) has a market capitalization of about $148.5M.
When does KORU Medical Systems' fiscal year end?
KORU Medical Systems' fiscal year end, as registered with the SEC, is December 31.
Where is KORU Medical Systems headquartered?
KORU Medical Systems lists its business address in Mahwah, New Jersey in its SEC filings.
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