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908 Devices Inc. (MASS)

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908 Devices Inc. (MASS) reported revenue of $16 million for Q2 FY2026, the quarter ended 30 June 2026, up 23.3% on the same quarter a year earlier. Net income was -$12 million, and diluted earnings per share $-0.32. The figures are the company's own, from the 10-Q it filed with the SEC on 11 August 2026.

Revenue$16 millionup 23.3%
Net income-$12 million
Diluted EPS$-0.32
QuarterQ2 FY2026ended 30 June 2026

908 Devices (MASS) in brief

908 Devices (MASS) reported revenue of $56 million for fiscal 2025, the year ended 31 December 2025, up 17.7% on the year before.
Read moreNet income was $19 million and diluted earnings per share $0.54. Revenue was $48 million in fiscal 2024, $50 million in fiscal 2023, $47 million in fiscal 2022 and $42 million in fiscal 2021. Net income in the same years was a loss of $72 million, a loss of $36 million, a loss of $34 million and a loss of $22 million. Revenue grew 15.9% a year, compounded, over the five years to fiscal 2025. 908 Devices had 38 million shares outstanding at the latest filed count. At 30 June 2026 it carried $0 million of debt and $63 million of cash. At the close of 29 October 2026 the market cap of 908 Devices was $489 million.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating marginn/a
Net marginn/a
FCF marginn/a
Interest covern/a
Debt to equity0.00
Cash conversionn/a
Share count, last 12 months5.6%
Sales CAGR, 3 years6.2%
Profit CAGR, 3 yearsn/a
EPS, TTMn/a

At the close of 29 October 2026

Price$12.84
Market cap$489 million
Stock P/En/a
Price to book3.85
EV / EBITDAn/a
Dividend yieldn/a
Market cap / salesn/a
52-week high$12.86
52-week low$5.09
Price, 1 year67.0%
Price CAGR, 3 years34.7%
Price CAGR, 5 years-17.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. 908 Devices Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
MASSgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MASS

Dividendsno dividend in its filings for fiscal 2020 onward
Filings16 in twelve months: 7 current reports (8-K), about 5 results of operations; 1 other events; 1 shareholder vote; 1 material agreement; 1 acquisition or disposition completed
Planned insider sales12 Form 144 notices in twelve months, $5.3 million; latest 6 October 2026
Options tapeput/call 3.16 by open interest at the 29 October 2026 close; the straddle prices a 20.2% move to 20 November 2026
13F holders111 funds reported a position for the quarter to 30 June 2026; largest First Light Asset Management, LLC
Insider trading58 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest2.7 million shares short, 7.12 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023 †Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue12.515.88.311.115.811.69.512.114.314.47.411.514.518.811.813.014.0n/a13.416.1
Cost of revenue5.76.74.24.56.55.75.16.36.47.13.55.36.79.76.26.76.7n/a6.57.7
Gross profit6.89.14.16.69.35.94.45.87.97.33.96.27.89.15.56.47.4n/a6.98.3
Gross margin54%58%50%60%59%51%46%48%55%51%52%54%54%48%47%49%53%n/a51%52%
R&D3.33.73.94.34.74.75.45.55.55.43.33.64.26.53.84.43.8n/a3.53.6
SG&A8.88.99.710.711.811.612.011.211.311.58.211.19.713.810.210.39.1n/a9.911.1
Operating income-5.3-3.5-9.5-8.4-7.2-10.3-13.0-10.9-9.1-9.7-7.6-8.5-24.5-20.3-11.0-15.2-16.3n/a-12.9-12.8
Operating margin-42%-22%-115%-75%-45%-89%-137%-90%-64%-68%-103%-74%-169%-108%-94%-116%-117%n/a-96%-80%
Interest expense0.00.00.00.00.00.10.60.0-0.30.0n/an/an/an/an/an/an/an/an/an/a
Pre-tax incomen/an/an/a-8.1-6.3n/a-12.5-9.4-7.2-7.5-11.0-7.6-23.6-19.5n/a-12.8-14.9n/an/a-11.9
Net income-5.2-3.5-9.4-8.1-6.3-9.8-12.5-9.3-7.1-7.4-10.9-12.5-29.3-19.443.6-13.3-15.0n/a-12.0-11.9
Net margin-41%-22%-113%-73%-40%-84%-132%-77%-50%-52%-147%-109%-202%-103%370%-102%-107%n/a-89%-74%
Diluted EPS-$0.19-$0.12-$0.30-$0.26-$0.20-$0.31-$0.39-$0.29-$0.22-$0.23-$0.33-$0.37-$0.84-$0.58$1.23-$0.37-$0.41n/a-$0.32-$0.32
Operating cash flow-2.9-9.2-0.5-10.4-4.9-5.1-10.6-7.9-4.6-1.9-9.4-13.0-5.6-2.2-15.0-5.8-4.2n/a1.23.2
Capital expenditure0.10.10.60.10.70.61.20.30.20.30.9n/a0.20.20.20.10.7n/a0.00.2
Free cash flow-3.0-9.3-1.1-10.5-5.7-5.7-11.8-8.2-4.8-2.3-10.3n/a-5.8-2.4-15.2-5.9-4.9n/a1.23.0
Shares outstanding28m31m31m32m32m32m32m32m32m33m33m35m35m35m36m36m36m36m37m38m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A fourth quarter left blank is one the arithmetic cannot give yet: the annual report changed the basis of the year (a business sold or spun off, a line regrouped), so the year less the three quarters as first filed would not be a quarter of anything. It fills in once the three quarters have been refiled on the new basis. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Revenue26.942.246.950.247.756.2n/a
Cost of revenue12.019.020.824.923.227.8n/a
Gross profit14.923.226.025.324.528.4n/a
Gross margin55.5%55.0%55.5%50.4%51.3%50.6%n/a
Research and development8.213.117.521.915.015.6n/a
Selling, general and administrative12.532.243.946.139.538.5n/a
Operating income-5.8-22.1-35.4-42.8-57.4-39.4n/a
Operating margin-21.6%-52.3%-75.5%-85.1%-120.2%-70.1%n/a
Interest expense1.00.50.10.2n/an/an/a
Pre-tax incomen/an/a-33.6-36.6-53.1-33.3n/a
Income taxn/an/a0.0-0.2-0.3-0.1n/a
Net income-12.8-22.2-33.6-36.4-72.219.5n/a
Net margin-47.7%-52.5%-71.6%-72.5%-151.2%34.7%n/a
Diluted EPS-$2.35-$0.79-$1.07-$1.13-$2.12$0.54n/a
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Device sales revenue31.736.765.2%
Recurring revenue15.919.434.6%
Contract revenue0.10.10.2%
Device sales revenueRecurring revenueContract revenue
47.7FY202456.2FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
United States35.641.273.4%
Europe, Middle East and Africa9.110.418.6%
Asia Pacific2.13.05.3%
Americas other0.91.52.7%
United StatesEurope, Middle East and AfricaAsia PacificAmericas other
47.7FY202456.2FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow4.1-29.1-20.9-25.1-30.2-23.7n/a
Capital expenditure0.00.72.02.00.61.0n/a
Free cash flow4.1-29.8-23.0-27.1-30.8-24.6n/a
Free cash flow margin15.3%-70.7%-49.0%-54.0%-64.6%-43.9%n/a
Cash from investing-0.0-0.7-15.8-26.4-46.350.7n/a
Cash from financing13794.71.2-15.9-0.4-0.7n/a
Depreciation and amortisation0.80.91.62.44.74.5n/a
Share-based compensation0.52.57.29.811.89.8n/a
Diluted shares, weighted5m28m31m32m34m36m38m
Shares outstanding at period end27m31m32m33m35m36m38m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity139215191165115144127
Debt14.815.015.00.00.00.00.0
Operating lease liabilities5.84.53.03.92.63.93.6
Other liabilities19.126.833.933.642.342.467.2
Total liabilities and equity179261243203159190198
Owned
Fixed assets0.81.63.13.31.64.24.6
Goodwilln/an/a10.110.40.00.011.1
Intangible assetsn/an/a8.57.938.736.445.1
Investmentsn/an/a0.024.625.642.538.5
Cash and equivalents15922418812144.070.563.0
Receivables6.816.410.09.08.911.311.7
Inventory4.67.912.514.910.913.014.4
Other assets7.410.910.011.829.912.19.2
Total assets179261243203159190198
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a15.9%6.2%n/a
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-19.9%-23.8%13.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was 908 Devices' revenue in fiscal 2025?

908 Devices (MASS) reported revenue of $56 million for fiscal 2025, the year ended 31 December 2025, up 17.7% on the year before.

How much did 908 Devices earn in fiscal 2025?

Net income was $19 million for fiscal 2025, and diluted earnings per share $0.54.

What is 908 Devices' market cap?

The market cap of 908 Devices was $489 million at the close of 29 October 2026.

How much debt does 908 Devices have?

At 30 June 2026 908 Devices carried $0 million of debt and $63 million of cash.

Peers: Measuring and Control Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Agilent Technologies, Inc. A$51.1 billion35.6819.6%22.2%8.6%0.540.6%
Waters Corp. WAT$47.1 billion119.701.1%7.1%52.5%0.33n/a
Illumina, Inc. ILMN$43.7 billion54.0429.1%19.7%4.9%0.70n/a
Mettler Toledo International Inc. MTD$37.3 billion38.687,062.4%n/a6.9%164.70n/a
Revvity, Inc. RVTY$18.5 billion78.913.3%12.3%4.1%0.450.2%
Avantor, Inc. AVTR$11.3 billion33.355.8%7.3%0.9%0.63n/a
10x Genomics, Inc. TXG$10.4 billionn/a-9.1%-14.3%-4.3%0.00n/a
Bio-Rad Laboratories, Inc. BIO$10.3 billion46.563.1%2.1%1.4%0.17n/a
Bruker Corp. BRKR$9.4 billionn/a-3.0%-0.9%1.6%0.76n/a
Pacific Biosciences of California, Inc. PACB$904 millionn/an/a-83.5%2.0%n/a0.0%
Cytek Biosciences, Inc. CTKB$818 millionn/a-25.0%-21.6%5.4%0.00n/a
908 Devices Inc. MASS$489 millionn/an/an/an/a0.00n/a
All 40 in Measuring and Control Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Thermo Fisher Scientific Inc. TMO$262.3 billion38.1513.2%17.6%7.2%0.810.3%
KLA Corp. KLAC$218.5 billion41.9280.6%n/a15.8%0.880.5%
Danaher Corp. DHR$166.7 billion38.788.1%20.4%5.5%0.490.6%
Trane Technologies plc TT$94.4 billion30.4534.6%17.9%10.3%0.461.2%
AMETEK Inc. AME$57.7 billion36.8014.0%25.9%12.7%0.18n/a
Keysight Technologies, Inc. KEYS$56.2 billion45.3319.2%20.3%25.5%0.38n/a
Agilent Technologies, Inc. A$51.1 billion35.6819.6%22.2%8.6%0.540.6%
Rockwell Automation, Inc. ROK$50.1 billion42.3234.4%22.7%11.3%0.931.2%
Waters Corp. WAT$47.1 billion119.701.1%7.1%52.5%0.33n/a
Coherent Corp. COHR$46.5 billion57.727.4%11.9%22.5%0.30n/a
Teradyne, Inc. TER$46.3 billion40.6433.5%30.2%57.9%0.000.2%
Roper Technologies Inc. ROP$44.5 billion18.6313.4%28.0%10.9%0.610.8%
Illumina, Inc. ILMN$43.7 billion54.0429.1%19.7%4.9%0.70n/a
Mettler Toledo International Inc. MTD$37.3 billion38.687,062.4%n/a6.9%164.70n/a
Veralto Corp. VLTO$25.4 billion26.2631.9%22.7%6.2%1.090.5%
Fortive Corp. FTV$19.6 billion31.3511.0%19.6%7.0%0.59n/a
Revvity, Inc. RVTY$18.5 billion78.913.3%12.3%4.1%0.450.2%
Trimble Inc. TRMB$15.2 billionn/a-2.0%17.0%5.8%0.29n/a
MKS Inc. MKSI$14.6 billion34.4714.7%15.7%16.3%1.320.4%
Avantor, Inc. AVTR$11.3 billion33.355.8%7.3%0.9%0.63n/a
Onto Innovation Inc. ONTO$10.9 billion83.406.9%12.0%8.1%0.00n/a
10x Genomics, Inc. TXG$10.4 billionn/a-9.1%-14.3%-4.3%0.00n/a
Bio-Rad Laboratories, Inc. BIO$10.3 billion46.563.1%2.1%1.4%0.17n/a
Cognex Corp. CGNX$9.9 billion57.2610.7%21.9%17.1%0.000.6%
Bruker Corp. BRKR$9.4 billionn/a-3.0%-0.9%1.6%0.76n/a
Ralliant Corp. RAL$7.8 billionn/a-80.4%-53.3%n/a0.750.1%
Sensata Technologies Holding plc ST$6.0 billion16.5312.0%15.1%4.1%0.78n/a
Vontier Corp. VNT$4.9 billion14.8929.2%18.8%0.9%1.590.3%
Badger Meter Inc. BMI$4.3 billion34.6119.4%18.8%-2.2%0.001.1%
Itron, Inc. ITRI$4.1 billion15.2916.5%13.7%-3.6%0.95n/a
Cohu Inc. COHU$2.7 billionn/a-2.9%-2.4%34.0%0.38n/a
Aehr Test Systems AEHR$2.0 billionn/a-3.2%-28.3%-15.2%0.00n/a
Allient Inc. ALNT$1.6 billion53.969.2%8.4%10.6%0.560.1%
Pacific Biosciences of California, Inc. PACB$904 millionn/an/a-83.5%2.0%n/a0.0%
Transcat Inc. TRNS$842 millionn/an/an/an/a0.36n/a
Cytek Biosciences, Inc. CTKB$818 millionn/a-25.0%-21.6%5.4%0.00n/a
Frequency Electronics Inc. FEIM$787 million287.222.2%2.5%6.3%0.00n/a
Mesa Laboratories Inc. MLAB$744 million158.292.5%9.0%3.0%0.760.5%
908 Devices Inc. MASS$489 millionn/an/an/an/a0.00n/a
Mirion Technologies, Inc. MIR$350 million160.521.6%6.0%19.6%0.67n/a
11 companies share its SEC industry code (Laboratory Analytical Instruments); the rest are the names nearest in size in its wider industry, Measuring and Control Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202611 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 20259 March 2026EDGAR
10-Q30 September 202510 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 202513 May 2025EDGAR
10-K31 December 20247 March 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20243 May 2024EDGAR