908 Devices Inc. (MASS) Financial Statements
Industry: Laboratory Analytical Instruments
In fiscal 2025, 908 Devices reported revenue of $56.2M, down 5.8% from $59.6M the year before. Net income was $19.5M (a 34.7% net margin), or $0.54 per diluted share. Gross margin was 50.6% and operating margin was -70.1%. Operating activities generated -$23.7M of cash, leaving -$24.6M of free cash flow. At fiscal year end, 908 Devices held $190.1M in total assets against $46.4M in total liabilities, including $70.5M of cash and equivalents.
Open the full interactive 908 Devices financials → Quarterly statements, key ratios, valuation history and price charts.
908 Devices Key Stats
| Share Price | $12.09 |
|---|---|
| Market Cap | $456.1M |
| P/E Ratio | 22.4 |
| Revenue YoY Growth | -5.8% |
| 52-Week Range | $5.09 – $12.80 |
| Shares Outstanding | 37.7 million (basic, 2026 Q2) |
908 Devices Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $42.2M | $46.9M | $50.2M | $59.6M | $56.2M |
| Gross Profit | $23.2M | $26.0M | $25.3M | $29.9M | $28.4M |
| Operating Income | -$22.1M | -$35.4M | -$42.8M | -$76.7M | -$39.4M |
| Pre-Tax Income | -$22.2M | -$33.6M | -$36.6M | -$72.5M | -$33.3M |
| Income Tax | — | — | -$211,000 | -$282,000 | -$66,000 |
| Net Income | -$22.2M | -$33.6M | -$36.4M | -$72.2M | $19.5M |
| Diluted EPS | -$0.79 | -$1.07 | -$1.13 | -$2.12 | $0.54 |
908 Devices Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $14.0M | $17.4M | $13.4M | $16.1M |
| Net Income | -$15.0M | $4.2M | -$12.0M | -$11.9M |
| Diluted EPS | -$0.41 | $0.12 | -$0.32 | -$0.32 |
908 Devices Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $224.1M | $188.4M | $121.0M | $44.0M | $70.5M |
| Current Assets | $252.9M | $215.6M | $173.8M | $103.1M | $144.6M |
| Total Assets | $260.9M | $242.6M | $203.0M | $159.5M | $190.1M |
| Current Liabilities | $14.8M | $19.2M | $22.5M | $25.1M | $34.1M |
| Total Long-Term Debt | $15.0M | $15.0M | — | — | — |
| Total Liabilities | $46.3M | $52.0M | $37.5M | $44.9M | $46.4M |
| Shareholders' Equity | $214.6M | $190.6M | $165.5M | $114.6M | $143.7M |
908 Devices Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$29.1M | -$20.9M | -$25.1M | -$30.2M | -$23.7M |
| Cash From Investing | -$737,000 | -$15.8M | -$26.4M | -$46.3M | $50.7M |
| Cash From Financing | $94.7M | $1.2M | -$15.9M | -$376,000 | -$697,000 |
| Free Cash Flow | -$29.8M | -$23.0M | -$27.1M | -$30.8M | -$24.6M |
Figures from 908 Devices' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full 908 Devices financials page for every line item.
908 Devices Company Profile
| Ticker | MASS |
|---|---|
| Exchange | Nasdaq |
| Industry | Laboratory Analytical Instruments |
| Headquarters | Burlington, Massachusetts |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001555279 |
Frequently Asked Questions
What was 908 Devices' revenue in fiscal 2025?
908 Devices (MASS) reported revenue of $56.2M for fiscal 2025.
What is 908 Devices' annual revenue history?
908 Devices' annual revenue by fiscal year: 2021: $42.2M; 2022: $46.9M; 2023: $50.2M; 2024: $59.6M; 2025: $56.2M.
What was 908 Devices' net income in fiscal 2025?
908 Devices reported net income of $19.5M for fiscal 2025.
What was 908 Devices' earnings per share (EPS) in fiscal 2025?
908 Devices' diluted EPS was $0.54 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did 908 Devices generate in fiscal 2025?
908 Devices generated -$24.6M of free cash flow in fiscal 2025.
What was 908 Devices' revenue last quarter?
In its most recent reported quarter (2026 Q2), 908 Devices reported revenue of $16.1M.
How many shares of 908 Devices are outstanding?
908 Devices reported a weighted average of 37.7 million basic shares outstanding in 2026 Q2.
What is 908 Devices' market cap?
Based on its latest closing price, 908 Devices (MASS) has a market capitalization of about $456.1M.
When does 908 Devices' fiscal year end?
908 Devices' fiscal year end, as registered with the SEC, is December 31.
Where is 908 Devices headquartered?
908 Devices lists its business address in Burlington, Massachusetts in its SEC filings.