Semler Scientific's Q4 net profit surged due to the revaluation appreciation of Bitcoin holdings

Semler Scientific (SMLR) adopted the new 'Fair Value' accounting standard in Q4 2024, revaluing its Bitcoin assets and increasing its holdings by $28.85 million.

The standard was introduced by FASB in March 2024, requiring companies to report digital assets at market value from Q1 2025 onwards, with companies being able to adopt it early.

This adjustment drove a surge in net profit for Q4 to $29.2 million, with earnings per share (EPS) reaching $3.64, a significant increase compared to the same period last year's $4.2 million ($0.62 per share). Semler's stock price rose 2.1% on Tuesday.