This page shows Semler Scientific Inc (SMLR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
In FY2024, Semler's dominant mechanic was a balance-sheet transformation that dwarfed the change in its core operations.
After several years when cash generation and reported profit were close, net income rose to$40.9M while operating cash flow was only$24.4M . Because revenue was lower in that same year, the gap points to earnings lifted outside the core operation rather than a sudden improvement in how the business turns sales into cash; the operating engine itself looks steadier than headline profit suggests.
The biggest structural shift is asset redeployment: total assets jumped to
The core business still looks asset-light with very high gross margin: gross margin stayed above
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Semler Scientific Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Semler Scientific Inc has an operating margin of 37.2%, meaning the company retains $37 of operating profit per $100 of revenue. This strong profitability earns a score of 95/100, reflecting efficient cost management and pricing power. This is up from 32.6% the prior year.
Semler Scientific Inc's revenue declined 17.4% year-over-year, from $68.2M to $56.3M. This contraction results in a growth score of 30/100.
Semler Scientific Inc carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.59, Semler Scientific Inc holds $3.59 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.
Semler Scientific Inc converts 43.3% of revenue into free cash flow ($24.4M). This strong cash generation earns a score of 97/100.
Semler Scientific Inc earns a strong 17.7% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 80/100. This is down from 28.7% the prior year.
Semler Scientific Inc scores 21.73, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($310.7M) relative to total liabilities ($9.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Semler Scientific Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Semler Scientific Inc generates $0.60 in operating cash flow ($24.4M OCF vs $40.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Semler Scientific Inc generated $56.3M in revenue in fiscal year 2024. This represents a decrease of 17.4% from the prior year.
Semler Scientific Inc's EBITDA was $21.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.9% from the prior year.
Semler Scientific Inc reported $40.9M in net income in fiscal year 2024. This represents an increase of 98.7% from the prior year.
Semler Scientific Inc earned $5.13 per diluted share (EPS) in fiscal year 2024. This represents an increase of 95.1% from the prior year.
Cash & Balance Sheet
Semler Scientific Inc generated $24.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 16.1% from the prior year.
Semler Scientific Inc held $8.8M in cash against $0 in long-term debt as of fiscal year 2024.
Semler Scientific Inc had 10M shares outstanding in fiscal year 2024. This represents an increase of 38.8% from the prior year.
Margins & Returns
Semler Scientific Inc's gross margin was 91.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.
Semler Scientific Inc's operating margin was 37.2% in fiscal year 2024, reflecting core business profitability. This is up 4.5 percentage points from the prior year.
Semler Scientific Inc's net profit margin was 72.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 42.5 percentage points from the prior year.
Semler Scientific Inc's ROE was 17.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 11.0 percentage points from the prior year.
Capital Allocation
Semler Scientific Inc invested $4.8M in research and development in fiscal year 2024. This represents a decrease of 17.0% from the prior year.
Semler Scientific Inc invested $51K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 85.2% from the prior year.
SMLR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5M-8.8% | $8.2M-7.0% | $8.8M-28.8% | $12.4M-8.1% | $13.5M-6.6% | $14.5M-9.0% | $15.9M+5.6% | $15.1M |
| Cost of Revenue | $636K-13.9% | $739K-21.1% | $937K-14.9% | $1.1M-4.8% | $1.2M-7.9% | $1.3M+0.6% | $1.2M-63.2% | $3.4M |
| Gross Profit | $6.9M-8.3% | $7.5M-5.3% | $7.9M-30.2% | $11.3M-8.4% | $12.4M-6.5% | $13.2M-9.9% | $14.7M+25.6% | $11.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $8.0M+55.9% | $5.1M+5.0% | $4.9M+29.7% | $3.8M+20.5% | $3.1M+5.6% | $3.0M+3.4% | $2.9M-12.1% | $3.3M |
| Operating Income | -$5.4M-162.5% | -$2.1M+93.4% | -$31.1M-978.1% | $3.5M-30.1% | $5.1M-5.3% | $5.3M-23.3% | $7.0M+176.7% | $2.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $6.9M-49.4% | $13.6M+234.1% | -$10.2M-401.8% | $3.4M+339.8% | $766K-32.0% | $1.1M-34.7% | $1.7M+222.4% | -$1.4M |
| Net Income | $16.9M-74.7% | $66.9M+203.4% | -$64.7M-321.5% | $29.2M+420.7% | $5.6M+50890.9% | $11K-99.8% | $6.1M+43.9% | $4.2M |
| EPS (Diluted) | $1.07-78.8% | $5.04+174.8% | $-6.74 | N/A | $0.72 | $0.00-100.0% | $0.78 | N/A |
SMLR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $596.7M+14.2% | $522.6M+78.1% | $293.4M+22.4% | $239.8M+160.1% | $92.2M+8.7% | $84.8M+1.1% | $83.9M+7.4% | $78.1M |
| Current Assets | $53.5M+144.3% | $21.9M+18.7% | $18.5M-18.7% | $22.7M+5.6% | $21.5M-9.3% | $23.7M-67.1% | $71.9M+9.0% | $65.9M |
| Cash & Equivalents | $10.2M-24.5% | $13.5M+38.5% | $9.7M+10.4% | $8.8M+34.3% | $6.6M-10.4% | $7.3M-88.3% | $62.8M+9.7% | $57.2M |
| Inventory | $485K-13.1% | $558K+50.8% | $370K+3.4% | $358K-5.8% | $380K-1.3% | $385K-5.6% | $408K-8.3% | $445K |
| Accounts Receivable | $2.6M-9.6% | $2.8M-9.8% | $3.1M-28.3% | $4.4M-34.3% | $6.7M-10.7% | $7.5M+21.8% | $6.1M+0.1% | $6.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $136.9M-1.6% | $139.2M+5.6% | $131.8M+1351.4% | $9.1M+32.7% | $6.8M+7.1% | $6.4M+7.4% | $6.0M-5.1% | $6.3M |
| Current Liabilities | $27.2M-26.0% | $36.8M+3.1% | $35.7M+465.0% | $6.3M-7.7% | $6.8M+7.5% | $6.4M+7.8% | $5.9M-4.8% | $6.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $459.7M+19.9% | $383.4M+137.1% | $161.7M-29.9% | $230.8M+170.3% | $85.4M+8.9% | $78.4M+0.6% | $77.9M+8.5% | $71.8M |
| Retained Earnings | $119.8M+16.4% | $102.9M+185.9% | $36.0M-64.3% | $100.7M+40.8% | $71.5M+8.5% | $65.9M0.0% | $65.9M+10.2% | $59.8M |
SMLR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$33.0M-6510.5% | $514K+127.0% | -$1.9M-125.7% | $7.4M+15.6% | $6.4M+30.2% | $4.9M-12.3% | $5.6M+26.6% | $4.4M |
| Capital Expenditures | N/A | N/A | N/A | $3K | $0-100.0% | $44K+1000.0% | $4K-88.6% | $35K |
| Free Cash Flow | N/A | N/A | N/A | $7.4M+15.5% | $6.4M+31.4% | $4.9M-13.0% | $5.6M+27.5% | $4.4M |
| Investing Cash Flow | -$47.8M+68.1% | -$149.7M-71.4% | -$87.3M+27.8% | -$121.0M-1334.5% | -$8.4M+86.1% | -$60.5M-74550.6% | -$81K-100.4% | $18.6M |
| Financing Cash Flow | $77.4M-49.4% | $152.9M+69.6% | $90.1M-22.2% | $115.8M+9188.1% | $1.2M+1023.4% | $111K+909.1% | $11K+100.3% | -$3.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SMLR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 91.5%+0.5pp | 91.0%+1.6pp | 89.4%-1.7pp | 91.1%-0.3pp | 91.4%+0.1pp | 91.3%-0.8pp | 92.2%+14.6pp | 77.5% |
| Operating Margin | -72.0%-47.0pp | -25.0%+327.0pp | -352.0%-380.6pp | 28.5%-9.0pp | 37.5%+0.5pp | 37.0%-6.9pp | 43.9%+27.1pp | 16.7% |
| Net Margin | 225.6%-588.9pp | 814.6%+1546.9pp | -732.3%-967.6pp | 235.3%+193.8pp | 41.5%+41.4pp | 0.1%-38.1pp | 38.2%+10.2pp | 28.0% |
| Return on Equity | 3.7%-13.8pp | 17.5%+57.5pp | -40.0%-52.7pp | 12.7%+6.1pp | 6.6%+6.6pp | 0.0%-7.8pp | 7.8%+1.9pp | 5.9% |
| Return on Assets | 2.8%-10.0pp | 12.8%+34.9pp | -22.1%-34.2pp | 12.2%+6.1pp | 6.1%+6.1pp | 0.0%-7.2pp | 7.2%+1.8pp | 5.4% |
| Current Ratio | 1.97+1.4 | 0.60+0.1 | 0.52-3.1 | 3.59+0.5 | 3.14-0.6 | 3.72-8.5 | 12.18+1.5 | 10.64 |
| Debt-to-Equity | 0.30-0.1 | 0.36-0.5 | 0.81+0.8 | 0.04-0.0 | 0.080.0 | 0.080.0 | 0.08-0.0 | 0.09 |
| FCF Margin | N/A | N/A | N/A | 59.8%+12.3pp | 47.5%+13.7pp | 33.8%-1.5pp | 35.3%+6.1pp | 29.3% |
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Frequently Asked Questions
What is Semler Scientific Inc's annual revenue?
Semler Scientific Inc (SMLR) reported $56.3M in total revenue for fiscal year 2024. This represents a -17.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Semler Scientific Inc's revenue growing?
Semler Scientific Inc (SMLR) revenue declined by 17.4% year-over-year, from $68.2M to $56.3M in fiscal year 2024.
Is Semler Scientific Inc profitable?
Yes, Semler Scientific Inc (SMLR) reported a net income of $40.9M in fiscal year 2024, with a net profit margin of 72.7%.
What is Semler Scientific Inc's EBITDA?
Semler Scientific Inc (SMLR) had EBITDA of $21.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Semler Scientific Inc's gross margin?
Semler Scientific Inc (SMLR) had a gross margin of 91.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Semler Scientific Inc's operating margin?
Semler Scientific Inc (SMLR) had an operating margin of 37.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Semler Scientific Inc's net profit margin?
Semler Scientific Inc (SMLR) had a net profit margin of 72.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Semler Scientific Inc's return on equity (ROE)?
Semler Scientific Inc (SMLR) has a return on equity of 17.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Semler Scientific Inc's free cash flow?
Semler Scientific Inc (SMLR) generated $24.4M in free cash flow during fiscal year 2024. This represents a 16.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Semler Scientific Inc's operating cash flow?
Semler Scientific Inc (SMLR) generated $24.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Semler Scientific Inc's total assets?
Semler Scientific Inc (SMLR) had $239.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Semler Scientific Inc's capital expenditures?
Semler Scientific Inc (SMLR) invested $51K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Semler Scientific Inc spend on research and development?
Semler Scientific Inc (SMLR) invested $4.8M in research and development during fiscal year 2024.
What is Semler Scientific Inc's current ratio?
Semler Scientific Inc (SMLR) had a current ratio of 3.59 as of fiscal year 2024, which is generally considered healthy.
What is Semler Scientific Inc's debt-to-equity ratio?
Semler Scientific Inc (SMLR) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Semler Scientific Inc's return on assets (ROA)?
Semler Scientific Inc (SMLR) had a return on assets of 17.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Semler Scientific Inc's Altman Z-Score?
Semler Scientific Inc (SMLR) has an Altman Z-Score of 21.73, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Semler Scientific Inc's Piotroski F-Score?
Semler Scientific Inc (SMLR) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Semler Scientific Inc's earnings high quality?
Semler Scientific Inc (SMLR) has an earnings quality ratio of 0.60x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Semler Scientific Inc?
Semler Scientific Inc (SMLR) scores 78 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.