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

Semler Scientific, Inc. is the larger business by last-quarter revenue ($7.5M vs $5.0M, roughly 1.5× VerifyMe, Inc.). Semler Scientific, Inc. runs the higher net margin — 225.6% vs -66.7%, a 292.3% gap on every dollar of revenue. On growth, VerifyMe, Inc. posted the faster year-over-year revenue change (-7.4% vs -44.6%). Over the past eight quarters, VerifyMe, Inc.'s revenue compounded faster (-5.2% CAGR vs -29.5%).

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.

VerifyMe, Inc. is a technology provider specializing in identity verification, anti-counterfeiting, and brand protection solutions. Its offerings include secure authentication tools, supply chain traceability systems, and customer engagement platforms, serving consumer goods, pharmaceutical, and retail sectors across North America and select global markets.

SMLR vs VRME — Head-to-Head

Bigger by revenue
SMLR
SMLR
1.5× larger
SMLR
$7.5M
$5.0M
VRME
Growing faster (revenue YoY)
VRME
VRME
+37.2% gap
VRME
-7.4%
-44.6%
SMLR
Higher net margin
SMLR
SMLR
292.3% more per $
SMLR
225.6%
-66.7%
VRME
Faster 2-yr revenue CAGR
VRME
VRME
Annualised
VRME
-5.2%
-29.5%
SMLR

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
SMLR
SMLR
VRME
VRME
Revenue
$7.5M
$5.0M
Net Profit
$16.9M
$-3.4M
Gross Margin
91.5%
41.2%
Operating Margin
-72.0%
-68.2%
Net Margin
225.6%
-66.7%
Revenue YoY
-44.6%
-7.4%
Net Profit YoY
201.3%
-38.4%
EPS (diluted)
$1.07
$-0.26

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
SMLR
SMLR
VRME
VRME
Q3 25
$7.5M
$5.0M
Q2 25
$8.2M
$4.5M
Q1 25
$8.8M
$4.5M
Q4 24
$12.4M
Q3 24
$13.5M
$5.4M
Q2 24
$14.5M
$5.4M
Q1 24
$15.9M
$5.8M
Q4 23
$15.1M
$8.7M
Net Profit
SMLR
SMLR
VRME
VRME
Q3 25
$16.9M
$-3.4M
Q2 25
$66.9M
$-291.0K
Q1 25
$-64.7M
$-571.0K
Q4 24
$29.2M
Q3 24
$5.6M
$-2.4M
Q2 24
$11.0K
$-346.0K
Q1 24
$6.1M
$-553.0K
Q4 23
$4.2M
$2.0K
Gross Margin
SMLR
SMLR
VRME
VRME
Q3 25
91.5%
41.2%
Q2 25
91.0%
35.2%
Q1 25
89.4%
33.4%
Q4 24
91.1%
Q3 24
91.4%
34.9%
Q2 24
91.3%
39.1%
Q1 24
92.2%
39.2%
Q4 23
77.5%
33.0%
Operating Margin
SMLR
SMLR
VRME
VRME
Q3 25
-72.0%
-68.2%
Q2 25
-25.0%
-7.1%
Q1 25
-352.0%
-13.3%
Q4 24
28.5%
Q3 24
37.5%
-52.8%
Q2 24
37.0%
-10.0%
Q1 24
43.9%
-11.2%
Q4 23
16.7%
0.8%
Net Margin
SMLR
SMLR
VRME
VRME
Q3 25
225.6%
-66.7%
Q2 25
814.6%
-6.4%
Q1 25
-732.3%
-12.8%
Q4 24
235.3%
Q3 24
41.5%
-44.6%
Q2 24
0.1%
-6.5%
Q1 24
38.2%
-9.6%
Q4 23
28.0%
0.0%
EPS (diluted)
SMLR
SMLR
VRME
VRME
Q3 25
$1.07
$-0.26
Q2 25
$5.04
$-0.02
Q1 25
$-6.74
$-0.05
Q4 24
$3.63
Q3 24
$0.72
$-0.23
Q2 24
$0.00
$-0.03
Q1 24
$0.78
$-0.05
Q4 23
$0.54
$0.00

Balance Sheet & Financial Strength

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

Metric
SMLR
SMLR
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$10.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$459.7M
$11.1M
Total Assets
$596.7M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMLR
SMLR
VRME
VRME
Q3 25
$10.2M
Q2 25
$13.5M
Q1 25
$9.7M
Q4 24
$8.8M
Q3 24
$6.6M
$2.6M
Q2 24
$7.3M
$2.9M
Q1 24
$62.8M
$2.8M
Q4 23
$57.2M
$3.0M
Total Debt
SMLR
SMLR
VRME
VRME
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$500.0K
Q2 24
$600.0K
Q1 24
$800.0K
Q4 23
$875.0K
Stockholders' Equity
SMLR
SMLR
VRME
VRME
Q3 25
$459.7M
$11.1M
Q2 25
$383.4M
$14.4M
Q1 25
$161.7M
$14.6M
Q4 24
$230.8M
Q3 24
$85.4M
$10.3M
Q2 24
$78.4M
$12.3M
Q1 24
$77.9M
$12.4M
Q4 23
$71.8M
Total Assets
SMLR
SMLR
VRME
VRME
Q3 25
$596.7M
$13.3M
Q2 25
$522.6M
$17.2M
Q1 25
$293.4M
$17.1M
Q4 24
$239.8M
Q3 24
$92.2M
$14.8M
Q2 24
$84.8M
$17.5M
Q1 24
$83.9M
$17.9M
Q4 23
$78.1M
$20.7M
Debt / Equity
SMLR
SMLR
VRME
VRME
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.05×
Q2 24
0.05×
Q1 24
0.06×
Q4 23

Cash Flow & Capital Efficiency

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

Metric
SMLR
SMLR
VRME
VRME
Operating Cash FlowLast quarter
$-33.0M
$243.0K
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
SMLR
SMLR
VRME
VRME
Q3 25
$-33.0M
$243.0K
Q2 25
$514.0K
$710.0K
Q1 25
$-1.9M
$-404.0K
Q4 24
$7.4M
Q3 24
$6.4M
$-10.0K
Q2 24
$4.9M
$372.0K
Q1 24
$5.6M
$-60.0K
Q4 23
$4.4M
$843.0K
Free Cash Flow
SMLR
SMLR
VRME
VRME
Q3 25
Q2 25
Q1 25
Q4 24
$7.4M
Q3 24
$-12.0K
Q2 24
$4.9M
$369.0K
Q1 24
$5.6M
$-62.0K
Q4 23
$4.4M
$840.0K
FCF Margin
SMLR
SMLR
VRME
VRME
Q3 25
Q2 25
Q1 25
Q4 24
59.8%
Q3 24
-0.2%
Q2 24
33.8%
6.9%
Q1 24
35.3%
-1.1%
Q4 23
29.3%
9.6%
Capex Intensity
SMLR
SMLR
VRME
VRME
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
0.0%
Q2 24
0.3%
0.1%
Q1 24
0.0%
0.0%
Q4 23
0.2%
0.0%
Cash Conversion
SMLR
SMLR
VRME
VRME
Q3 25
-1.95×
Q2 25
0.01×
Q1 25
Q4 24
0.25×
Q3 24
1.15×
Q2 24
448.55×
Q1 24
0.93×
Q4 23
1.05×
421.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SMLR
SMLR

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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