Semler Scientific (SMLR) reported a significant jump in fourth-quarter earnings, driven by the early adoption of new fair value accounting rules and a substantial revaluation of its bitcoin holdings.
Key Highlights:
- Q4 net income skyrocketed to $29.2 million ($3.64 per share), compared to $4.2 million ($0.62 per share) a year ago.
- The company’s bitcoin holdings gained $28.85 million in value, following the adoption of the FASB fair value rule for digital assets.
- Semler currently holds 3,192 BTC, now valued at over $300 million, compared to its $280.4 million acquisition cost.
- The new FASB accounting rule, fully effective in Q1 2025, mandates reporting crypto assets at market value, though Semler proactively applied it this quarter.
- Semler’s stock closed up 2.1% on Tuesday, with after-hours trading remaining steady.
