vs

Side-by-side financial comparison of CaliberCos Inc. (CWD) and Semler Scientific, Inc. (SMLR). Click either name above to swap in a different company.

Semler Scientific, Inc. is the larger business by last-quarter revenue ($7.5M vs $4.1M, roughly 1.8× CaliberCos Inc.). Semler Scientific, Inc. runs the higher net margin — 225.6% vs -188.3%, a 413.9% gap on every dollar of revenue. On growth, Semler Scientific, Inc. posted the faster year-over-year revenue change (-44.6% vs -52.5%). Over the past eight quarters, Semler Scientific, Inc.'s revenue compounded faster (-29.5% CAGR vs -57.6%).

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

Semler Scientific, Inc. develops, manufactures and distributes non-invasive medical diagnostic devices for chronic disease screening. Its flagship QuantaFlo system delivers fast, accurate peripheral arterial disease testing, serving hospitals, clinics, primary care practices and other healthcare providers primarily in the United States.

CWD vs SMLR — Head-to-Head

Bigger by revenue
SMLR
SMLR
1.8× larger
SMLR
$7.5M
$4.1M
CWD
Growing faster (revenue YoY)
SMLR
SMLR
+7.9% gap
SMLR
-44.6%
-52.5%
CWD
Higher net margin
SMLR
SMLR
413.9% more per $
SMLR
225.6%
-188.3%
CWD
Faster 2-yr revenue CAGR
SMLR
SMLR
Annualised
SMLR
-29.5%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CWD
CWD
SMLR
SMLR
Revenue
$4.1M
$7.5M
Net Profit
$-7.7M
$16.9M
Gross Margin
91.5%
Operating Margin
-196.6%
-72.0%
Net Margin
-188.3%
225.6%
Revenue YoY
-52.5%
-44.6%
Net Profit YoY
32.2%
201.3%
EPS (diluted)
$1.95
$1.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CWD
CWD
SMLR
SMLR
Q4 25
$4.1M
Q3 25
$3.6M
$7.5M
Q2 25
$5.1M
$8.2M
Q1 25
$7.3M
$8.8M
Q4 24
$8.7M
$12.4M
Q3 24
$11.3M
$13.5M
Q2 24
$8.2M
$14.5M
Q1 24
$23.0M
$15.9M
Net Profit
CWD
CWD
SMLR
SMLR
Q4 25
$-7.7M
Q3 25
$-4.4M
$16.9M
Q2 25
$-5.3M
$66.9M
Q1 25
$-4.4M
$-64.7M
Q4 24
$-11.4M
$29.2M
Q3 24
$146.0K
$5.6M
Q2 24
$-4.7M
$11.0K
Q1 24
$-3.8M
$6.1M
Gross Margin
CWD
CWD
SMLR
SMLR
Q4 25
Q3 25
91.5%
Q2 25
91.0%
Q1 25
89.4%
Q4 24
91.1%
Q3 24
91.4%
Q2 24
91.3%
Q1 24
92.2%
Operating Margin
CWD
CWD
SMLR
SMLR
Q4 25
-196.6%
Q3 25
-129.6%
-72.0%
Q2 25
-112.4%
-25.0%
Q1 25
-62.7%
-352.0%
Q4 24
-236.8%
28.5%
Q3 24
0.0%
37.5%
Q2 24
-65.0%
37.0%
Q1 24
-22.9%
43.9%
Net Margin
CWD
CWD
SMLR
SMLR
Q4 25
-188.3%
Q3 25
-120.2%
225.6%
Q2 25
-104.5%
814.6%
Q1 25
-60.7%
-732.3%
Q4 24
-247.6%
235.3%
Q3 24
1.3%
41.5%
Q2 24
-57.8%
0.1%
Q1 24
-16.6%
38.2%
EPS (diluted)
CWD
CWD
SMLR
SMLR
Q4 25
$1.95
Q3 25
$-1.65
$1.07
Q2 25
$-4.15
$5.04
Q1 25
$-3.85
$-6.74
Q4 24
$-10.15
$3.63
Q3 24
$0.12
$0.72
Q2 24
$-4.34
$0.00
Q1 24
$-3.53
$0.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWD
CWD
SMLR
SMLR
Cash + ST InvestmentsLiquidity on hand
$2.9M
$10.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$459.7M
Total Assets
$135.4M
$596.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
SMLR
SMLR
Q4 25
$2.9M
Q3 25
$10.9M
$10.2M
Q2 25
$683.0K
$13.5M
Q1 25
$1.6M
$9.7M
Q4 24
$2.3M
$8.8M
Q3 24
$1.6M
$6.6M
Q2 24
$1.8M
$7.3M
Q1 24
$2.1M
$62.8M
Stockholders' Equity
CWD
CWD
SMLR
SMLR
Q4 25
$1.3M
Q3 25
$4.2M
$459.7M
Q2 25
$-19.9M
$383.4M
Q1 25
$-15.8M
$161.7M
Q4 24
$-12.6M
$230.8M
Q3 24
$-3.8M
$85.4M
Q2 24
$-4.7M
$78.4M
Q1 24
$-745.0K
$77.9M
Total Assets
CWD
CWD
SMLR
SMLR
Q4 25
$135.4M
Q3 25
$82.6M
$596.7M
Q2 25
$59.3M
$522.6M
Q1 25
$103.6M
$293.4M
Q4 24
$105.5M
$239.8M
Q3 24
$158.6M
$92.2M
Q2 24
$195.2M
$84.8M
Q1 24
$201.5M
$83.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CWD
CWD
SMLR
SMLR
Operating Cash FlowLast quarter
$-12.1M
$-33.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-1.95×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
SMLR
SMLR
Q4 25
$-12.1M
Q3 25
$-4.6M
$-33.0M
Q2 25
$-1.2M
$514.0K
Q1 25
$-1.7M
$-1.9M
Q4 24
$555.0K
$7.4M
Q3 24
$-74.0K
$6.4M
Q2 24
$1.4M
$4.9M
Q1 24
$-1.5M
$5.6M
Free Cash Flow
CWD
CWD
SMLR
SMLR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$7.4M
Q3 24
Q2 24
$4.9M
Q1 24
$5.6M
FCF Margin
CWD
CWD
SMLR
SMLR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
59.8%
Q3 24
Q2 24
33.8%
Q1 24
35.3%
Capex Intensity
CWD
CWD
SMLR
SMLR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.3%
Q1 24
0.0%
Cash Conversion
CWD
CWD
SMLR
SMLR
Q4 25
Q3 25
-1.95×
Q2 25
0.01×
Q1 25
Q4 24
0.25×
Q3 24
-0.51×
1.15×
Q2 24
448.55×
Q1 24
0.93×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons