Bitcoin Revaluation Boosts Semler Scientific Q4 EPS to $3.64

Semler Scientific (SMLR) reported a significant surge in fourth-quarter earnings after applying the new “fair value” accounting rule to its bitcoin holdings, resulting in a substantial valuation gain.

Key Highlights:

  • Q4 2024 net income surged to $29.2 million ($3.64 per share), a dramatic increase from $4.2 million ($0.62 per share) in Q4 2023.
  • The company’s bitcoin holdings were marked up by $28.85 million, reflecting its new valuation under the FASB fair value rule introduced in March 2024.
  • Semler currently holds 3,192 BTC, worth over $300 million at bitcoin’s $95,000 price point, with an aggregate purchase cost of $280.4 million.
  • The FASB rule, effective Q1 2025, mandates that companies report digital assets at fair market value, though early adoption was optional.
  • Semler’s stock rose 2.1% in regular trading Tuesday, with after-hours movement remaining flat.
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