SMLR

Updated: Mar 12, 2026 11:30 AM

Semler Scientific Inc

Market Cap: $348.27M P/S: 46x Ownership — Insider: 11.9% | Institutional: 75.6% | Retail: 12.5% HEALTHCARE MEDICAL DEVICES

Semler Scientific, Inc. is a pioneering healthcare company based in Santa Clara, California, specializing in the development and commercialization of proprietary solutions aimed at enhancing the evaluation and management of chronic conditions. By addressing the critical need for effective chronic disease management tools, Semler is well-positioned to leverage substantial market opportunities and drive innovation in patient care. With a strong commitment to improving clinical outcomes and a strategic vision tailored to meet the demands of an evolving healthcare landscape, Semler presents a compelling investment opportunity for institutional investors seeking growth in the healthcare sector.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        14/14 dates (100%)
  ✅ grossProfit                         14/14 dates (100%)
  ✅ netIncome                           14/14 dates (100%)

Plot for SMLR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -68.18M                   -34.09M                    0.00M                    34.09M                    68.18M
               |                         |                         |                         |                         |

  2011-12-31 |                                                    |  -1.88M
  2012-12-31 |                                                   |  -2.74M
  2013-12-31 |                                                   |  2.27M
  2014-12-31 |                                                  |  -4.51M
  2015-12-31 |                                               |  -8.50M
  2016-12-31 |                                                   |  7.43M
  2017-12-31 |                                                    |  12.45M
  2018-12-31 |                                                     |  21.49M
  2019-12-31 |                                                     |  32.77M
  2020-12-31 |                                                     |  38.60M
  2021-12-31 |                                                     |  53.03M
  2022-12-31 |                                                     |  56.69M
  2023-12-31 |                                                     | 68.18M
  2024-12-31 |                                                     |  56.29M

               |                         |                         |                         |                         |
               -68.18M                   -34.09M                    0.00M                    34.09M                    68.18M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              14/14 dates (100%)
  ✅ sellingGeneralAndAdministrative     14/14 dates (100%)
  ✅ costofGoodsAndServicesSold          14/14 dates (100%)

Plot for SMLR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                     3.57M                     7.14M                    10.72M                    14.29M
               |                         |                         |                         |                         |

  2011-12-31 |  1.06M
  2012-12-31 |  1.25M
  2013-12-31 |  1.32M
  2014-12-31 |  2.45M
  2015-12-31 |  4.87M
  2016-12-31 |  3.03M
  2017-12-31 |  3.84M
  2018-12-31 |  4.16M
  2019-12-31 |  6.95M
  2020-12-31 |  6.41M
  2021-12-31 |  9.23M
  2022-12-31 |  12.74M
  2023-12-31 |  14.29M
  2024-12-31 |  12.73M

               |                         |                         |                         |                         |
               0.00M                     3.57M                     7.14M                    10.72M                    14.29M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         14/14 dates (100%)
  ⚠️  shortLongTermDebtTotal              11/14 dates (79%)
  ✅ operatingCashflow                   14/14 dates (100%)

Plot for SMLR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -57.20M                   -28.60M                    0.00M                    28.60M                    57.20M
               |                         |                         |                         |                         |

  2011-12-31 |                                                    |  -1.27M
  2012-12-31 |                                                   |  -1.82M
  2013-12-31 |                                                    |  -1.19M
  2014-12-31 |                                                  |  6.26M
  2015-12-31 |                                                 |  -4.13M ⊗
  2016-12-31 |                                                   |  2.61M
  2017-12-31 |                                                     |  2.92M
  2018-12-31 |                                                     |  4.70M ⊗
  2019-12-31 |                                                     |  12.73M ⊗
  2020-12-31 |                                                     |  22.08M
  2021-12-31 |                                                     |  37.32M
  2022-12-31 |                                                     |  23.01M
  2023-12-31 |                                                     | 57.20M
  2024-12-31 |                                                     |  24.41M

               |                         |                         |                         |                         |
               -57.20M                   -28.60M                    0.00M                    28.60M                    57.20M

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   14/14 dates (100%)
  ✅ capitalExpenditures                 14/14 dates (100%)

Plot for SMLR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -189.75M                   -94.88M                    0.00M                    94.88M                    189.75M
               |                         |                         |                         |                         |

  2011-12-31 |                                                    |  -1.27M
  2012-12-31 |                                                    |  -1.82M
  2013-12-31 |                                                    |  -1.19M
  2014-12-31 |                                                    |  -3.82M
  2015-12-31 |                                                    |  -4.13M
  2016-12-31 |                                                    |  -1.80M
  2017-12-31 |                                                     |  0.97M
  2018-12-31 |                                                     |  4.70M
  2019-12-31 |                                                     |  12.73M
  2020-12-31 |                                                     |  15.11M
  2021-12-31 |                                                     |  16.06M
  2022-12-31 |                                                     |  17.46M
  2023-12-31 |                                                     |  17.82M
  2024-12-31 |                                                     | 189.75M

               |                         |                         |                         |                         |
               -189.75M                   -94.88M                    0.00M                    94.88M                    189.75M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         14/14 dates (100%)
  ✅ totalLiabilities                    14/14 dates (100%)
  ✅ totalShareholderEquity              14/14 dates (100%)

Plot for SMLR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -239.83M                  -119.91M                    0.00M                    119.91M                   239.83M
               |                         |                         |                         |                         |

  2011-12-31 |                                                    |  1.14M
  2012-12-31 |                                                    |  5.05M
  2013-12-31 |                                                    |  2.02M
  2014-12-31 |                                                     |  7.50M
  2015-12-31 |                                                    |  4.15M
  2016-12-31 |                                                    |  5.99M
  2017-12-31 |                                                    |  6.82M
  2018-12-31 |                                                     |  7.72M
  2019-12-31 |                                                     |  18.29M
  2020-12-31 |                                                     |  34.64M
  2021-12-31 |                                                     |  50.67M
  2022-12-31 |                                                     |  62.69M
  2023-12-31 |                                                     |  78.06M
  2024-12-31 |                                                     | 239.83M

               |                         |                         |                         |                         |
               -239.83M                  -119.91M                    0.00M                    119.91M                   239.83M

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           14/14 dates (100%)
  ⚠️  shortLongTermDebtTotal              11/14 dates (79%)
  ✅ totalShareholderEquity              14/14 dates (100%)

Plot for SMLR (in M)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -230.75M                  -115.38M                    0.00M                    115.38M                   230.75M
               |                         |                         |                         |                         |

  2011-12-31 |                                                    |  -1.88M
  2012-12-31 |                                                    |  -3.58M
  2013-12-31 |                                                    |  -2.23M
  2014-12-31 |                                                    |  -4.51M
  2015-12-31 |                                                   | -8.50M ⊗
  2016-12-31 |                                                    |  -2.92M
  2017-12-31 |                                                    |  2.92M
  2018-12-31 |                                                     |  5.01M ⊗
  2019-12-31 |                                                     |  15.08M ⊗
  2020-12-31 |                                                     |  29.79M
  2021-12-31 |                                                     |  45.55M
  2022-12-31 |                                                     |  55.68M
  2023-12-31 |                                                     |  71.80M
  2024-12-31 |                                                     | 230.75M

               |                         |                         |                         |                         |
               -230.75M                  -115.38M                    0.00M                    115.38M                   230.75M

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for SMLR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -66.93M                   -33.47M                    0.00M                    33.47M                    66.93M
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  8.90M
  2019-12-31 |                                                     |  9.15M
  2020-03-31 |                                                     |  9.43M
  2020-06-30 |                                                     |  6.37M
  2020-09-30 |                                                     |  10.73M
  2020-12-31 |                                                     |  12.07M
  2021-03-31 |                                                     |  13.18M
  2021-06-30 |                                                     |  14.31M
  2021-09-30 |                                                     |  13.99M
  2021-12-31 |                                                     |  11.54M
  2022-03-31 |                                                     |  14.02M
  2022-06-30 |                                                     |  14.83M
  2022-09-30 |                                                     |  14.05M
  2022-12-31 |                                                     |  13.79M
  2023-03-31 |                                                     |  18.21M
  2023-06-30 |                                                     |  18.61M
  2023-09-30 |                                                     |  16.32M
  2023-12-31 |                                                     |  15.06M
  2024-03-31 |                                                     |  15.90M
  2024-06-30 |                                                     |  14.46M
  2024-09-30 |                                                     |  13.51M
  2024-12-31 |                                                     |  29.21M
  2025-03-31 |   |  -64.70M
  2025-06-30 |                                                     | 66.93M
  2025-09-30 |                                                     |  16.90M

               |                         |                         |                         |                         |
               -66.93M                   -33.47M                    0.00M                    33.47M                    66.93M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for SMLR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                     2.00M                     4.01M                     6.01M                     8.01M
               |                         |                         |                         |                         |

  2019-09-30 |  1.85M
  2019-12-31 |  2.16M
  2020-03-31 |  1.59M
  2020-06-30 |  1.48M
  2020-09-30 |  1.56M
  2020-12-31 |  1.77M
  2021-03-31 |  2.08M
  2021-06-30 |  2.28M
  2021-09-30 |  2.35M
  2021-12-31 |  2.52M
  2022-03-31 |  3.30M
  2022-06-30 |  3.41M
  2022-09-30 |  3.04M
  2022-12-31 |  2.98M
  2023-03-31 |  3.86M
  2023-06-30 |  3.46M
  2023-09-30 |  3.71M
  2023-12-31 |  3.38M
  2024-03-31 |  2.87M
  2024-06-30 |  2.96M
  2024-09-30 |  3.13M
  2024-12-31 |  3.77M
  2025-03-31 |  4.89M
  2025-06-30 |  5.14M
  2025-09-30 |  8.01M

               |                         |                         |                         |                         |
               0.00M                     2.00M                     4.01M                     6.01M                     8.01M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              22/25 dates (88%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for SMLR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -116.42M                   -58.21M                    0.00M                    58.21M                    116.42M
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  8.54M ⊗
  2019-12-31 |                                                     |  7.74M ⊗
  2020-03-31 |                                                     |  11.21M ⊗
  2020-06-30 |                                                     |  13.65M
  2020-09-30 |                                                     |  16.79M
  2020-12-31 |                                                     |  22.08M
  2021-03-31 |                                                     |  26.48M
  2021-06-30 |                                                     |  28.51M
  2021-09-30 |                                                     |  35.93M
  2021-12-31 |                                                     |  37.32M
  2022-03-31 |                                                     |  38.43M
  2022-06-30 |                                                     |  40.03M
  2022-09-30 |                                                     |  45.54M
  2022-12-31 |                                                     |  23.01M
  2023-03-31 |                                                     |  5.30M
  2023-06-30 |                                                     |  39.49M
  2023-09-30 |                                                     |  37.50M
  2023-12-31 |                                                     |  57.20M
  2024-03-31 |                                                     |  62.75M
  2024-06-30 |                                                     |  7.46M
  2024-09-30 |                                                     |  6.57M
  2024-12-31 |                                                     |  8.82M
  2025-03-31 |                                                    |  96.14M
  2025-06-30 |                                                     |  96.28M
  2025-09-30 |                                      | 116.42M

               |                         |                         |                         |                         |
               -116.42M                   -58.21M                    0.00M                    58.21M                    116.42M

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for SMLR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -149.67M                   -74.83M                    0.00M                    74.83M                    149.67M
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  4.71M
  2019-12-31 |                                                     |  3.63M
  2020-03-31 |                                                     |  3.70M
  2020-06-30 |                                                     |  2.34M
  2020-09-30 |                                                     |  3.51M
  2020-12-31 |                                                     |  5.82M
  2021-03-31 |                                                     |  4.61M
  2021-06-30 |                                                     |  2.16M
  2021-09-30 |                                                     |  7.64M
  2021-12-31 |                                                     |  1.61M
  2022-03-31 |                                                     |  1.50M
  2022-06-30 |                                                     |  6.23M
  2022-09-30 |                                                     |  8.02M
  2022-12-31 |                                                     |  1.60M
  2023-03-31 |                                                     |  0.86M
  2023-06-30 |                                                     |  11.20M
  2023-09-30 |                                                     |  4.83M
  2023-12-31 |                                                     |  0.93M
  2024-03-31 |                                                     |  5.62M
  2024-06-30 |                                                     |  59.97M
  2024-09-30 |                                                     |  8.44M
  2024-12-31 |                                                     |  121.27M
  2025-03-31 |                                                    |  90.91M
  2025-06-30 |                                                     | 149.67M
  2025-09-30 |                                          |  -32.95M

               |                         |                         |                         |                         |
               -149.67M                   -74.83M                    0.00M                    74.83M                    149.67M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for SMLR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00M                    149.17M                   298.34M                   447.51M                   596.68M
               |                         |                         |                         |                         |

  2019-09-30 |  18.86M
  2019-12-31 |  18.29M
  2020-03-31 |  19.64M
  2020-06-30 |  21.39M
  2020-09-30 |  28.05M
  2020-12-31 |  34.64M
  2021-03-31 |  40.65M
  2021-06-30 |  45.99M
  2021-09-30 |  50.97M
  2021-12-31 |  50.67M
  2022-03-31 |  55.44M
  2022-06-30 |  57.64M
  2022-09-30 |  60.92M
  2022-12-31 |  62.69M
  2023-03-31 |  70.26M
  2023-06-30 |  75.46M
  2023-09-30 |  79.44M
  2023-12-31 |  78.06M
  2024-03-31 |  83.86M
  2024-06-30 |  84.79M
  2024-09-30 |  92.19M
  2024-12-31 |  239.83M
  2025-03-31 |  293.44M
  2025-06-30 |  522.60M
  2025-09-30 |  596.68M

               |                         |                         |                         |                         |
               0.00M                    149.17M                   298.34M                   447.51M                   596.68M

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              22/25 dates (88%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for SMLR (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -459.75M                  -229.87M                    0.00M                    229.87M                   459.75M
               |                         |                         |                         |                         |

  2019-09-30 |                                                     |  14.10M ⊗
  2019-12-31 |                                                     |  13.07M ⊗
  2020-03-31 |                                                     |  15.82M ⊗
  2020-06-30 |                                                     |  17.02M
  2020-09-30 |                                                     |  22.05M
  2020-12-31 |                                                     |  29.79M
  2021-03-31 |                                                     |  35.27M
  2021-06-30 |                                                     |  39.81M
  2021-09-30 |                                                     |  44.01M
  2021-12-31 |                                                     |  45.55M
  2022-03-31 |                                                     |  49.39M
  2022-06-30 |                                                     |  50.67M
  2022-09-30 |                                                     |  52.35M
  2022-12-31 |                                                     |  55.68M
  2023-03-31 |                                                     |  61.20M
  2023-06-30 |                                                     |  65.26M
  2023-09-30 |                                                     |  70.77M
  2023-12-31 |                                                     |  71.80M
  2024-03-31 |                                                     |  77.91M
  2024-06-30 |                                                     |  78.40M
  2024-09-30 |                                                     |  85.36M
  2024-12-31 |                                                     |  230.75M
  2025-03-31 |                                              |  161.68M
  2025-06-30 |                                                     |  383.41M
  2025-09-30 |                                                     | 459.75M

               |                         |                         |                         |                         |
               -459.75M                  -229.87M                    0.00M                    229.87M                   459.75M

Price History

Volume

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