Semler Scientific reported preliminary unaudited financial results for the third quarter ended September 30, 2025. Revenues for the period are expected to be between $6.9 million and $7.5 million. Operating expenses are anticipated to range from $12.8 million to $13.4 million, including approximately $2.1 million of non-cash stock compensation and depreciation, and $2.1 million of non-recurring merger-related consulting and professional fees. The company reported an unrealized gain from the change in fair value of Bitcoin holdings since June 30, 2025, of approximately $30.0 million. A customer accounting for more than 10% of revenue in each of the second and third quarters of 2025 has ceased use of QuantaFlo devices. The company expects fourth quarter 2025 revenues to be at least 60% lower compared to third quarter 2025 expected revenue, with further declines anticipated as other customers discontinue use of QuantaFlo devices.