KORU Medical Systems, Inc. (KRMD) Financial Statements (2026 and earlier)

Company Profile

Business Address 100 CORPORATE DRIVE
MAHWAH, NJ 07430
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,8729,58111,48217,40825,33527,315
Cash and cash equivalent8,8729,58111,48217,40825,33527,315
Receivables6,2105,7214,0453,5593,5932,573
Inventory, net of allowances, customer advances and progress billings3,6782,8043,4816,4056,1066,830
Inventory3,6782,8043,4816,4056,1066,830
Prepaid expense9097501,2181,4571,569808
Other undisclosed current assets32027729972718 
Total current assets:19,98919,13220,25629,80237,32137,526
Noncurrent Assets
Operating lease, right-of-use asset2,9562,9663,5143,78796237
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization4,4714,2913,8383,8871,1061,168
Intangible asset, including goodwill, after accumulated amortization685730754787809844
Intangible asset, excluding goodwill, after accumulated amortization685730754787809844
Deferred income tax assets    3,9671,941125
Other noncurrent assets9999991032020
Total noncurrent assets:8,2118,0868,20512,5313,9722,393
TOTAL ASSETS:28,20027,21928,46142,33241,29339,919
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,0965,5742,6875,2824,0983,522
Employee-related liabilities✕✕✕✕✕161287
Accounts payable2,2671,6509752,3921,228625
Accrued liabilities4,8293,9241,7112,8902,7102,610
Debt1253874245325093
Other liabilities2829513257  
Other undisclosed current liabilities9451,212831888186141
Total current liabilities:8,1947,2024,4546,9594,7923,666
Noncurrent Liabilities
Long-term debt and lease obligation79203317394 96
Finance lease, liability79203317394  
Liabilities, other than long-term debt2,8793,0003,3363,653  
Operating lease, liability2,8793,0003,3363,653 96
Other undisclosed noncurrent liabilities      (96)
Total noncurrent liabilities:2,9583,2033,6534,048 96
Total liabilities:11,15210,4058,10711,0064,7923,762
Equity
Equity, attributable to parent17,04816,81420,35431,32636,50136,157
Common stock498494491489480467
Treasury stock, value(3,882)(3,882)(3,844)(3,844)(3,844)(3,844)
Additional paid in capital52,44949,58147,01944,25240,77435,881
Retained earnings (accumulated deficit)(32,017)(29,379)(23,312)(9,571)(910)3,653
Total equity:17,04816,81420,35431,32636,50136,157
TOTAL LIABILITIES AND EQUITY:28,20027,21928,46142,33241,29339,919

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues41,12733,64628,51827,89623,49024,176
Cost of revenue
(Cost of Product and Service Sold)		(15,523)(12,315)(11,809)(12,527)(9,721)(9,240)
Gross profit:25,60421,33216,70815,36913,77014,936
Operating expenses(28,577)(27,778)(26,978)(26,150)(20,799)(16,191)
Operating loss:(2,972)(6,446)(10,270)(10,781)(7,030)(1,255)
Nonoperating income35638249610666561
Gain (loss), foreign currency transaction, before tax53(46)(5)(40)(29)2
Other nonoperating income104455611461342
Interest and debt expense(12)(22)(25)(5)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes  2225512,7290
Income (loss) from continuing operations before equity method investments, income taxes:(2,628)(6,064)(9,774)(10,675)6,364(1,194)
Other undisclosed income from continuing operations before income taxes12     
Income (loss) from continuing operations before income taxes:(2,616)(6,064)(9,774)(10,675)6,364(1,194)
Income tax expense (benefit)(22)(3)(3,967)2,014(1,802)(18)
Income (loss) from continuing operations:(2,638)(6,067)(13,741)(8,661)4,563(1,212)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕✕4,563(1,212)
Net income (loss):(2,638)(6,067)(13,741)(8,661)4,563(1,212)
Other undisclosed net loss attributable to parent     (9,126) 
Net loss available to common stockholders, diluted:(2,638)(6,067)(13,741)(8,661)(4,563)(1,212)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(2,638)(6,067)(13,741)(8,661)4,563(1,212)
Comprehensive income (loss), net of tax, attributable to parent:(2,638)(6,067)(13,741)(8,661)4,563(1,212)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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