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

VisionWave Holdings, Inc. is the larger business by last-quarter revenue ($10.0M vs $7.5M, roughly 1.3× Semler Scientific, Inc.). Semler Scientific, Inc. runs the higher net margin — 225.6% vs -69.4%, a 295.0% gap on every dollar of revenue.

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.

CoMix Wave Films, Inc. is a Japanese independent animation film studio and distribution company based in Chiyoda, Tokyo, Japan. The studio is known for its anime feature films, short films, and television commercials, particularly those made by director Makoto Shinkai. It was founded in March 2007 when it split from CoMix Wave Inc., which was initially formed in 1998 from Itochu Corporation, ASATSU, and other companies. On 15 October 2024, Toho announced that they'd acquired 45 shares or 6.0...

SMLR vs VWAV — Head-to-Head

Bigger by revenue
VWAV
VWAV
1.3× larger
VWAV
$10.0M
$7.5M
SMLR
Higher net margin
SMLR
SMLR
295.0% more per $
SMLR
225.6%
-69.4%
VWAV

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
SMLR
SMLR
VWAV
VWAV
Revenue
$7.5M
$10.0M
Net Profit
$16.9M
$-6.9M
Gross Margin
91.5%
Operating Margin
-72.0%
-65.7%
Net Margin
225.6%
-69.4%
Revenue YoY
-44.6%
Net Profit YoY
201.3%
-1522.6%
EPS (diluted)
$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
SMLR
SMLR
VWAV
VWAV
Q4 25
$10.0M
Q3 25
$7.5M
Q2 25
$8.2M
Q1 25
$8.8M
Q4 24
$12.4M
Q3 24
$13.5M
Q2 24
$14.5M
Q1 24
$15.9M
Net Profit
SMLR
SMLR
VWAV
VWAV
Q4 25
$-6.9M
Q3 25
$16.9M
Q2 25
$66.9M
Q1 25
$-64.7M
Q4 24
$29.2M
Q3 24
$5.6M
Q2 24
$11.0K
Q1 24
$6.1M
Gross Margin
SMLR
SMLR
VWAV
VWAV
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
SMLR
SMLR
VWAV
VWAV
Q4 25
-65.7%
Q3 25
-72.0%
Q2 25
-25.0%
Q1 25
-352.0%
Q4 24
28.5%
Q3 24
37.5%
Q2 24
37.0%
Q1 24
43.9%
Net Margin
SMLR
SMLR
VWAV
VWAV
Q4 25
-69.4%
Q3 25
225.6%
Q2 25
814.6%
Q1 25
-732.3%
Q4 24
235.3%
Q3 24
41.5%
Q2 24
0.1%
Q1 24
38.2%
EPS (diluted)
SMLR
SMLR
VWAV
VWAV
Q4 25
Q3 25
$1.07
Q2 25
$5.04
Q1 25
$-6.74
Q4 24
$3.63
Q3 24
$0.72
Q2 24
$0.00
Q1 24
$0.78

Balance Sheet & Financial Strength

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

Metric
SMLR
SMLR
VWAV
VWAV
Cash + ST InvestmentsLiquidity on hand
$10.2M
$15.7K
Total DebtLower is stronger
Stockholders' EquityBook value
$459.7M
$3.1M
Total Assets
$596.7M
$18.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMLR
SMLR
VWAV
VWAV
Q4 25
$15.7K
Q3 25
$10.2M
Q2 25
$13.5M
Q1 25
$9.7M
Q4 24
$8.8M
Q3 24
$6.6M
Q2 24
$7.3M
Q1 24
$62.8M
Stockholders' Equity
SMLR
SMLR
VWAV
VWAV
Q4 25
$3.1M
Q3 25
$459.7M
Q2 25
$383.4M
Q1 25
$161.7M
Q4 24
$230.8M
Q3 24
$85.4M
Q2 24
$78.4M
Q1 24
$77.9M
Total Assets
SMLR
SMLR
VWAV
VWAV
Q4 25
$18.4M
Q3 25
$596.7M
Q2 25
$522.6M
Q1 25
$293.4M
Q4 24
$239.8M
Q3 24
$92.2M
Q2 24
$84.8M
Q1 24
$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
SMLR
SMLR
VWAV
VWAV
Operating Cash FlowLast quarter
$-33.0M
$-5.4M
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
VWAV
VWAV
Q4 25
$-5.4M
Q3 25
$-33.0M
Q2 25
$514.0K
Q1 25
$-1.9M
Q4 24
$7.4M
Q3 24
$6.4M
Q2 24
$4.9M
Q1 24
$5.6M
Free Cash Flow
SMLR
SMLR
VWAV
VWAV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$7.4M
Q3 24
Q2 24
$4.9M
Q1 24
$5.6M
FCF Margin
SMLR
SMLR
VWAV
VWAV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
59.8%
Q3 24
Q2 24
33.8%
Q1 24
35.3%
Capex Intensity
SMLR
SMLR
VWAV
VWAV
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
SMLR
SMLR
VWAV
VWAV
Q4 25
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×

Financial Flow Comparison

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

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