NASDAQ : MASS
908 Devices Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 11.25 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 465.00M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
908 Devices Inc. (MASS) reported revenue of 60.84M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 60.84M | 56.20M | 47.75M | 50.23M | 46.85M | 42.21M |
| Cost of Revenue | 28.81M | 27.47M | 23.25M | 24.91M | 20.83M | 18.97M |
| Gross Profit | 32.03M | 28.72M | 24.50M | 25.32M | 26.02M | 23.23M |
| Selling, General & Admin | 38.98M | 38.53M | 39.46M | 46.07M | 43.88M | 32.23M |
| Research & Development | 14.25M | 15.41M | 14.99M | 21.90M | 17.53M | 13.07M |
| Operating Expenses | 53.23M | 53.94M | 54.45M | 67.97M | 61.41M | 45.30M |
| Operating Income | -21.20M | -25.22M | -29.95M | -42.65M | -35.38M | -22.07M |
| Interest Expense | -201.00K | -129.00K | -486.00K | |||
| Interest & Investment Income | 4.00M | 4.14M | 4.49M | 6.48M | 2.03M | 548.00K |
| Other Non Operating Income (Expenses) | 673.00K | 2.26M | -241.00K | -131.00K | -83.00K | -162.00K |
| EBT Excluding Unusual Items | -16.52M | -18.83M | -25.70M | -36.50M | -33.56M | -22.17M |
| Merger & Restructuring Charges | -774.00K | -774.00K | ||||
| Impairment of Goodwill | -40.66M | |||||
| Other Unusual Items | -17.27M | -13.74M | 13.22M | -107.00K | ||
| Pretax Income | -34.57M | -33.34M | -53.14M | -36.61M | -33.56M | -22.17M |
| Income Tax Expense | -191.00K | -66.00K | -211.00K | |||
| Earnings From Continuing Operations | -34.38M | -33.28M | -53.14M | -36.40M | -33.56M | -22.17M |
| Earnings From Discontinued Operations | -276.00K | 52.77M | -19.07M | |||
| Net Income | -34.66M | 19.49M | -72.21M | -36.40M | -33.56M | -22.17M |
| Net Income to Common | -34.66M | 19.49M | -72.21M | -36.40M | -33.56M | -22.17M |
| Shares Outstanding (Basic) | 36.72M | 35.90M | 34.08M | 32.24M | 31.49M | 27.96M |
| Shares Outstanding (Diluted) | 36.72M | 35.90M | 34.08M | 32.24M | 31.49M | 27.96M |
| EPS (Basic) | -0.94 | 0.54 | -2.12 | -1.13 | -1.07 | -0.79 |
| EPS (Diluted) | -0.94 | 0.54 | -2.12 | -1.13 | -1.07 | -0.79 |
| Free Cash Flow | 615.00K | -24.64M | -30.85M | -27.10M | -22.98M | -29.82M |
| Free Cash Flow Per Share | 0.02 | -0.69 | -0.91 | -0.84 | -0.73 | -1.07 |
| Gross Margin | 52.65% | 51.11% | 51.31% | 50.41% | 55.54% | 55.05% |
| Operating Margin | -34.84% | -44.88% | -62.73% | -84.91% | -75.52% | -52.29% |
| Profit Margin | -56.96% | 34.68% | -151.23% | -72.47% | -71.64% | -52.53% |
| Free Cash Flow Margin | 1.01% | -43.85% | -64.61% | -53.96% | -49.04% | -70.65% |
| EBITDA | -16.49M | -20.75M | -26.97M | -40.27M | -33.77M | -21.14M |
| EBITDA Margin | -27.11% | -36.93% | -56.48% | -80.17% | -72.07% | -50.10% |
| D&A For EBITDA | 4.70M | 4.46M | 2.98M | 2.38M | 1.61M | 925.00K |
| EBIT | -21.20M | -25.22M | -29.95M | -42.65M | -35.38M | -22.07M |
| EBIT Margin | -34.84% | -44.88% | -62.73% | -84.91% | -75.52% | -52.29% |
| Revenue as Reported | 60.84M | 56.20M | 47.75M | 50.23M | 46.85M | 42.21M |
| Advertising Expenses | 1.20M | 1.50M | 1.80M | 1.80M | 1.70M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 63.02M | 70.52M | 43.35M | 121.04M | 188.42M | 224.07M |
| Short-Term Investments | 38.51M | 42.45M | 25.57M | 24.64M | ||
| Cash & Short-Term Investments | 101.53M | 112.97M | 68.92M | 145.68M | 188.42M | 224.07M |
| Receivables | 11.71M | 11.33M | 8.85M | 8.99M | 10.43M | 16.57M |
| Inventory | 14.37M | 12.99M | 10.89M | 14.94M | 12.51M | 7.92M |
| Prepaid Expenses | 3.10M | 7.27M | 4.18M | 4.18M | 4.20M | 4.27M |
| Restricted Cash | 1.31M | 60.00K | 60.00K | |||
| Other Current Assets | 10.21M | |||||
| Total Current Assets | 132.02M | 144.56M | 103.06M | 173.79M | 215.63M | 252.89M |
| Property, Plant & Equipment | 8.61M | 8.63M | 5.44M | 9.57M | 7.04M | 6.79M |
| Goodwill | 11.05M | 10.37M | 10.05M | |||
| Other Intangible Assets | 45.12M | 36.41M | 38.68M | 7.86M | 8.49M | |
| Other Long-Term Assets | 734.00K | 471.00K | 12.30M | 1.39M | 1.38M | 1.23M |
| Total Assets | 197.54M | 190.07M | 159.48M | 202.98M | 242.59M | 260.91M |
| Accounts Payable | 2.71M | 1.59M | 1.37M | 1.19M | 1.40M | 1.37M |
| Accrued Expenses | 4.87M | 6.02M | 6.32M | 7.27M | 6.49M | 5.37M |
| Current Portion of Leases | 716.00K | 681.00K | 1.47M | 2.02M | 1.47M | 1.34M |
| Current Unearned Revenue | 10.71M | 8.93M | 10.42M | 10.63M | 7.51M | 5.16M |
| Other Current Liabilities | 30.41M | 16.84M | 5.57M | 1.44M | 2.36M | 1.59M |
| Total Current Liabilities | 49.42M | 34.06M | 25.15M | 22.55M | 19.23M | 14.84M |
| Long-Term Debt | 15.00M | 15.00M | ||||
| Long-Term Leases | 3.58M | 3.95M | 2.60M | 3.93M | 3.04M | 4.51M |
| Long-Term Unearned Revenue | 11.01M | 8.33M | 10.21M | 8.57M | 11.50M | 11.96M |
| Long-Term Deferred Tax Liabilities | 881.00K | 2.44M | 2.67M | |||
| Other Long-Term Liabilities | 5.88M | 30.00K | 6.92M | 555.00K | ||
| Total Liabilities | 70.77M | 46.37M | 44.88M | 37.49M | 51.99M | 46.30M |
| Common Stock | 38.00K | 36.00K | 35.00K | 33.00K | 32.00K | 31.00K |
| Additional Paid-In Capital | 374.62M | 366.93M | 356.22M | 334.69M | 323.97M | 315.21M |
| Retained Earnings | -247.16M | -223.32M | -242.81M | -170.60M | -134.20M | -100.64M |
| Comprehensive Income & Other | -730.00K | 54.00K | 1.15M | 1.36M | 798.00K | |
| Total Common Equity | 126.77M | 143.70M | 114.59M | 165.49M | 190.60M | 214.60M |
| Shareholders' Equity | 126.77M | 143.70M | 114.59M | 165.49M | 190.60M | 214.60M |
| Total Liabilities & Equity | 197.54M | 190.07M | 159.48M | 202.98M | 242.59M | 260.91M |
| Total Debt | 4.30M | 4.63M | 4.07M | 5.95M | 19.51M | 20.85M |
| Net Cash (Debt) | 97.23M | 108.34M | 64.85M | 139.74M | 168.91M | 203.22M |
| Net Cash Per Share | 2.65 | 3.02 | 1.90 | 4.33 | 5.36 | 7.27 |
| Filing Date Shares Outstanding | 41.33M | 37.38M | 35.33M | 32.91M | 32.05M | 31.23M |
| Total Common Shares Outstanding | 38.06M | 36.32M | 35.10M | 32.52M | 31.86M | 31.08M |
| Working Capital | 82.60M | 110.50M | 77.91M | 151.24M | 196.40M | 238.06M |
| Book Value Per Share | 3.33 | 3.96 | 3.26 | 5.09 | 5.98 | 6.91 |
| Tangible Book Value | 70.60M | 107.29M | 75.91M | 147.26M | 172.06M | 214.60M |
| Tangible Book Value Per Share | 1.85 | 2.95 | 2.16 | 4.53 | 5.40 | 6.91 |
| Machinery | 7.88M | 4.63M | 8.84M | 7.02M | 5.04M | |
| Construction In Progress | 41.00K | 53.00K | 757.00K | |||
| Leasehold Improvements | 763.00K | 477.00K | 395.00K | 21.00K | 21.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -34.66M | 19.49M | -72.21M | -36.40M | -33.56M | -22.17M |
| Depreciation & Amortization | 4.70M | 4.46M | 2.98M | 2.38M | 1.61M | 925.00K |
| Loss (Gain) From Sale of Assets | 50.00K | 133.00K | 54.00K | |||
| Asset Writedown & Restructuring Costs | 40.66M | |||||
| Loss (Gain) From Sale of Investments | -31.00K | -637.00K | 13.00K | -301.00K | ||
| Stock-Based Compensation | 9.86M | 9.85M | 11.76M | 9.79M | 7.21M | 2.50M |
| Provision & Write-off of Bad Debts | -85.00K | 176.00K | 386.00K | 1.73M | ||
| Other Operating Activities | 17.73M | 14.25M | -12.85M | 657.00K | 455.00K | 369.00K |
| Change in Accounts Receivable | -4.69M | 220.00K | -2.93M | 680.00K | 5.93M | -11.28M |
| Change in Inventory | 64.00K | -3.73M | -1.66M | -3.90M | -5.47M | -4.48M |
| Change in Accounts Payable | 3.12M | -5.93M | 2.32M | 2.03M | 452.00K | 2.75M |
| Change in Unearned Revenue | 500.00K | -3.18M | -368.00K | 179.00K | 1.89M | 5.43M |
| Change in Other Net Operating Assets | 4.65M | -2.68M | 98.00K | -563.00K | 558.00K | -4.86M |
| Operating Cash Flow | 1.49M | -23.69M | -30.25M | -25.06M | -20.93M | -29.08M |
| Capital Expenditures | -876.00K | -955.00K | -602.00K | -2.04M | -2.04M | -737.00K |
| Cash Acquisitions | -14.72M | -2.00M | -44.78M | -13.76M | ||
| Investment in Securities | 18.32M | -16.21M | -936.00K | -24.36M | ||
| Other Investing Activities | -8.00K | 69.91M | ||||
| Investing Cash Flow | 2.71M | 50.75M | -46.32M | -26.40M | -15.81M | -737.00K |
| Long-Term Debt Issued | 60.00M | 30.00M | ||||
| Total Debt Issued | 60.00M | 30.00M | ||||
| Long-Term Debt Repaid | -15.00M | -60.00M | -30.00M | |||
| Total Debt Repaid | -15.00M | -60.00M | -30.00M | |||
| Net Debt Issued (Repaid) | -15.00M | |||||
| Issuance of Common Stock | 1.74M | 864.00K | 1.15M | 936.00K | 1.55M | 95.60M |
| Repurchase of Common Stock | -2.52M | -833.00K | -1.10M | -776.00K | -262.00K | |
| Other Financing Activities | -849.00K | -728.00K | -417.00K | -1.09M | -112.00K | -879.00K |
| Financing Cash Flow | -1.63M | -697.00K | -376.00K | -15.94M | 1.18M | 94.72M |
| Foreign Exchange Rate Adjustments | -56.00K | 27.00K | -65.00K | 13.00K | 18.00K | |
| Net Cash Flow | 2.51M | 26.39M | -77.01M | -67.38M | -35.54M | 64.91M |
| Free Cash Flow | 615.00K | -24.64M | -30.85M | -27.10M | -22.98M | -29.82M |
| Free Cash Flow Margin | 1.01% | -43.85% | -64.61% | -53.96% | -49.04% | -70.65% |
| Free Cash Flow Per Share | 0.02 | -0.69 | -0.91 | -0.84 | -0.73 | -1.07 |
| Levered Free Cash Flow | 18.68M | 9.84M | -7.46M | -14.79M | -9.54M | -24.14M |
| Unlevered Free Cash Flow | 18.66M | 9.84M | -7.46M | -14.66M | -9.46M | -23.84M |
| Cash Interest Paid | 135.00K | 366.00K | ||||
| Cash Income Tax Paid | -66.00K | 184.00K | ||||
| Change in Working Capital | 3.65M | -15.30M | -2.54M | -1.57M | 3.36M | -12.44M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 430.28M | 190.01M | 76.61M | 363.29M | 241.64M | 803.26M |
| Enterprise Value | 333.05M | 82.32M | 12.10M | 221.80M | 67.80M | 685.61M |
| Last Close Price | 11.25 | 5.25 | 2.20 | 11.22 | 7.62 | 25.87 |
| PE Ratio | 9.75 | |||||
| PS Ratio | 7.64 | 3.38 | 1.60 | 7.23 | 5.16 | 19.03 |
| PB Ratio | 3.38 | 1.32 | 0.67 | 2.19 | 1.27 | 3.74 |
| P/TBV Ratio | 6.59 | 1.77 | 1.01 | 2.47 | 1.40 | 3.74 |
| EV/Sales Ratio | 6.04 | 1.47 | 0.25 | 4.42 | 1.45 | 16.24 |
| Debt / Equity Ratio | 0.03 | 0.03 | 0.04 | 0.04 | 0.10 | 0.10 |
| Debt / FCF Ratio | 6.99 | |||||
| Net Debt / Equity Ratio | -0.77 | -0.75 | -0.57 | -0.84 | -0.89 | -0.95 |
| Net Debt / EBITDA Ratio | 5.89 | 5.22 | 2.40 | 3.47 | 5.00 | 9.61 |
| Net Debt / FCF Ratio | -158.10 | 4.40 | 2.10 | 5.16 | 7.35 | 6.82 |
| Asset Turnover | 0.31 | 0.32 | 0.26 | 0.23 | 0.19 | 0.19 |
| Inventory Turnover | 1.93 | 2.30 | 1.80 | 1.81 | 2.04 | 3.04 |
| Quick Ratio | 2.29 | 3.65 | 3.09 | 6.86 | 10.34 | 16.22 |
| Current Ratio | 2.67 | 4.24 | 4.10 | 7.71 | 11.21 | 17.05 |
| Return on Equity (ROE) | -24.95% | -25.77% | -37.95% | -20.44% | -16.57% | -12.54% |
| Return on Assets (ROA) | -6.81% | -9.02% | -10.33% | -11.96% | -8.78% | -6.27% |
| Return on Capital Employed (ROCE) | -14.30% | -16.20% | -22.30% | -23.60% | -15.80% | -9.00% |
| Earnings Yield | -9.07% | 10.26% | -94.25% | -10.02% | -13.89% | -2.76% |
| FCF Yield | 0.13% | -12.97% | -40.27% | -7.46% | -9.51% | -3.71% |
| Buyback Yield / Dilution | -4.32% | -5.35% | -5.70% | -2.37% | -12.64% | -409.71% |