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908 Devices Inc.(MASS)Earnings, Financials & Key Ratios
MASS•NASDAQ
$8.08
$302M mkt cap·15.0× P/E·Price updated May 7, 2026
About908 Devices Inc., a commercial-stage technology company, provides various purpose-built handheld and desktop mass spectrometry (Mass Spec) devices to interrogate unknown and invisible materials in life sciences research, bioprocessing, industrial biotech, forensics, and adjacent markets. The company's products include MX908, a handheld, battery-powered, and Mass Spec device that is designed for rapid analysis of gas, liquid, and solid materials of unknown identity; Rebel, a small desktop analyzer that provides real-time information on the extracellular environment in bioprocesses; and ZipChip solution, a plug-and-play, high-resolution separation platform that optimizes Mass Spec sample analysis. It operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 2012 and is headquartered in Boston, Massachusetts.Show more
- Revenue$56M-5.8%
- EBITDA-$35M+51.1%
- Net Income$19M+127.0%
- EPS (Diluted)0.54+125.5%
- Gross Margin50.58%+0.8%
- EBITDA Margin-62.7%+48.1%
- Operating Margin-70.14%+45.5%
- Net Margin34.68%+128.6%
- ROE15.09%+129.3%
- ROIC-47.45%+47.4%
- Debt/Equity0.12+101.6%
MASS Key Insights
908 Devices Inc. (MASS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 15.9%
✗Weaknesses
- ✗Negative free cash flow
- ✗Shares diluted 14.2% in last year
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MASS Price & Volume
908 Devices Inc. (MASS) stock price & volume — 10-year historical chart
Loading chart...
MASS Growth Metrics
908 Devices Inc. (MASS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years15.88%
3 Years6.25%
TTM2.16%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-103.92%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-81.82%
Return on Capital
10 Years-25.14%
5 Years-24.56%
3 Years-32.36%
Last Year-27.15%
MASS Recent Earnings
908 Devices Inc. (MASS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 6, 2026EPS
$0.22
Est $0.15
-46.7%
Revenue
$13M
Est $13M
+1.7%
Q2 2026
Mar 3, 2026EPS
$0.05
Est $0.06
+16.7%
Revenue
$17M
Est $16M
+9.7%
Q4 2025
Nov 10, 2025EPS
$0.15
Est $0.12
-30.4%
Revenue
$14M
Est $14M
+3.6%
Q3 2025
Aug 5, 2025EPS
$0.18
Est $0.16
-12.5%
Revenue
$13M
Est $14M
-4.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.22vs $0.15-46.7% | $13Mvs $13M+1.7% |
| Q2 2026 | Mar 3, 2026 | $0.05vs $0.06+16.7% | $17Mvs $16M+9.7% |
| Q4 2025 | Nov 10, 2025 | $0.15vs $0.12-30.4% | $14Mvs $14M+3.6% |
| Q3 2025 | Aug 5, 2025 | $0.18vs $0.16-12.5% | $13Mvs $14M-4.0% |
Based on last 12 quarters of dataView full earnings history →
MASS Peer Comparison
908 Devices Inc. (MASS) competitors in Device suppliers, distribution, and services — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MASI | 9.35B | 178.50 | -63.75 | -27.1% | 4.9% | 9.08% | 0.78 | |
 WAT | 22.83B | 350.29 | 32.55 | 6.99% | 11.91% | 8.04% | 0.55 | |
 A | 33.58B | 118.65 | 25.96 | 6.73% | 18.26% | 18.67% | 0.50 | |
 TMO | 176.36B | 474.56 | 26.75 | 3.91% | 15.18% | 13.23% | 0.76 | |
 BRKR | 6.66B | 43.73 | -291.53 | 2.08% | -0.34% | -0.5% | 0.81 | |
 LECO | 14.86B | 271.12 | 29.09 | 5.54% | 12.39% | 37.29% | 0.88 | |
 DHR | 124.33B | 175.66 | 34.85 | 2.9% | 14.89% | 7.06% | 0.35 | |
 RGEN | 7.13B | 126.43 | 147.01 | 16.36% | 6.73% | 2.46% | 0.33 |
Compare MASS vs Peers
908 Devices Inc. (MASS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MASS Income Statement
908 Devices Inc. (MASS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 22.05M | 17.97M | 26.89M | 42.21M | 46.85M | 50.23M | 59.63M | 56.2M | 57.8M |
| Revenue Growth % | - | -18.51% | 49.64% | 56.93% | 11.01% | 7.21% | 18.72% | -5.76% | 2.16% |
| Cost of Goods Sold | 9.66M | 9.83M | 11.97M | 18.97M | 20.83M | 24.91M | 29.71M | 27.77M | 28.04M |
| COGS % of Revenue | 43.81% | 54.69% | 44.51% | 44.95% | 44.46% | 49.59% | 49.82% | 49.42% | - |
| Gross Profit | 12.39M▲ 0% | 8.14M▼ 34.3% | 14.92M▲ 83.3% | 23.23M▲ 55.7% | 26.02M▲ 12.0% | 25.32M▼ 2.7% | 29.93M▲ 18.2% | 28.42M▼ 5.0% | 29.76M▲ 0% |
| Gross Margin % | 56.19% | 45.31% | 55.49% | 55.05% | 55.54% | 50.41% | 50.18% | 50.58% | 51.49% |
| Gross Profit Growth % | - | -34.29% | 83.26% | 55.69% | 12.01% | -2.69% | 18.18% | -5.02% | - |
| Operating Expenses | 18.83M | 20.29M | 20.74M | 45.3M | 61.41M | 68.08M | 106.64M | 67.84M | 64.66M |
| OpEx % of Revenue | 85.39% | 112.88% | 77.11% | 107.34% | 131.06% | 135.54% | 178.84% | 120.72% | - |
| Selling, General & Admin | 9.3M | 0 | 0 | 32.23M | 43.88M | 0 | 0 | 38.53M | 27.86M |
| SG&A % of Revenue | 42.19% | - | - | 76.38% | 93.65% | - | - | 68.55% | - |
| Research & Development | 9.53M | 8.99M | 8.23M | 13.07M | 17.53M | 21.9M | 25.5M | 15.57M | 15.22M |
| R&D % of Revenue | 43.2% | 50.04% | 30.62% | 30.96% | 37.41% | 43.61% | 42.75% | 27.71% | - |
| Other Operating Expenses | 50K | 11.29M | 12.5M | 0 | 0 | 46.18M | 81.15M | 13.74M | 1000K |
| Operating Income | -6.44M▲ 0% | -12.14M▼ 88.6% | -5.82M▲ 52.1% | -22.07M▼ 279.5% | -35.38M▼ 60.3% | -42.76M▼ 20.8% | -76.72M▼ 79.4% | -39.42M▲ 48.6% | -41.28M▲ 0% |
| Operating Margin % | -29.2% | -67.57% | -21.62% | -52.29% | -75.52% | -85.13% | -128.65% | -70.14% | -71.41% |
| Operating Income Growth % | - | -88.6% | 52.12% | -279.52% | -60.32% | -20.85% | -79.42% | 48.62% | - |
| EBITDA | -5.54M | -11.24M | -4.98M | -21.14M | -33.77M | -40.37M | -72.04M | -35.23M | -38.1M |
| EBITDA Margin % | -25.13% | -62.56% | -18.53% | -50.1% | -72.07% | -80.38% | -120.8% | -62.7% | -65.91% |
| EBITDA Growth % | - | -102.85% | 55.67% | -324.24% | -59.7% | -19.56% | -78.42% | 51.09% | 36.15% |
| D&A (Non-Cash Add-back) | 896K | 900K | 831K | 925K | 1.61M | 2.38M | 4.68M | 4.18M | 3.18M |
| EBIT | -6.39M | -12.14M | -5.82M | -21.68M | -33.43M | -42.65M | -48.56M | -25.68M | -26.42M |
| Net Interest Income | -1.15M | -1.53M | -976K | 62K | 1.9M | 6.28M | 4.49M | 816K | 0 |
| Interest Income | 0 | 0 | 0 | 548K | 2.03M | 6.48M | 4.49M | 816K | 936K |
| Interest Expense | 1.15M | 1.53M | 976K | 486K | 129K | 201K | 0 | 0 | 0 |
| Other Income/Expense | -1.1M | -1.23M | -7M | -100K | 1.82M | 6.15M | 4.23M | 6.08M | 5.82M |
| Pretax Income | -7.54M▲ 0% | -13.37M▼ 77.5% | -12.82M▲ 4.1% | -22.17M▼ 72.9% | -33.56M▼ 51.4% | -36.61M▼ 9.1% | -72.49M▼ 98.0% | -33.34M▲ 54.0% | -35.46M▲ 0% |
| Pretax Margin % | -34.17% | -74.41% | -47.66% | -52.53% | -71.64% | -72.89% | -121.56% | -59.33% | -61.34% |
| Income Tax | 50K | 0 | 0 | 0 | 0 | -211K | -282K | 62K | -66K |
| Effective Tax Rate % | -0.66% | 0% | 0% | 0% | 0% | 0.58% | 0.39% | -0.19% | 0.19% |
| Net Income | -7.54M▲ 0% | -13.37M▼ 77.5% | -12.82M▲ 4.1% | -22.17M▼ 72.9% | -33.56M▼ 51.4% | -36.4M▼ 8.4% | -72.21M▼ 98.4% | 19.49M▲ 127.0% | -36.07M▲ 0% |
| Net Margin % | -34.17% | -74.41% | -47.66% | -52.53% | -71.64% | -72.47% | -121.09% | 34.68% | -62.4% |
| Net Income Growth % | - | -77.45% | 4.14% | -72.94% | -51.4% | -8.45% | -98.37% | 126.99% | -103.92% |
| Net Income (Continuing) | -7.54M | -13.37M | -12.82M | -22.17M | -33.56M | -36.4M | -72.21M | -33.4M | -35.29M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 52.77M | -674K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.93▲ 0% | -2.02▼ 117.2% | -2.35▼ 16.3% | -0.79▲ 66.4% | -1.07▼ 35.4% | -1.13▼ 5.6% | -2.12▼ 87.6% | 0.54▲ 125.5% | -0.98▲ 0% |
| EPS Growth % | - | -117.2% | -16.34% | 66.38% | -35.44% | -5.61% | -87.61% | 125.47% | -81.82% |
| EPS (Basic) | -0.93 | -2.02 | -2.35 | -0.79 | -1.07 | -1.13 | -2.12 | 0.54 | - |
| Diluted Shares Outstanding | 8.12M | 7.53M | 5.49M | 27.96M | 31.49M | 32.24M | 34.08M | 38.92M | 36.82M |
| Basic Shares Outstanding | 8.12M | 7.53M | 5.49M | 27.96M | 31.49M | 32.21M | 34.08M | 36.22M | 36.82M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
MASS Balance Sheet
908 Devices Inc. (MASS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 17.2M | 28.58M | 170.97M | 252.89M | 215.63M | 173.79M | 103.06M | 144.56M | 142.01M |
| Cash & Short-Term Investments | 7.07M | 17.91M | 159.23M | 224.07M | 188.42M | 145.68M | 69.6M | 112.97M | 111.74M |
| Cash Only | 7.07M | 17.91M | 159.23M | 224.07M | 188.42M | 121.04M | 44.03M | 112.97M | 67.56M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 24.64M | 25.57M | 0 | 44.18M |
| Accounts Receivable | 6.34M | 5.08M | 6.83M | 16.57M | 10.03M | 8.99M | 12.63M | 11.33M | 9.87M |
| Days Sales Outstanding | 104.86 | 103.15 | 92.63 | 143.34 | 78.16 | 65.32 | 77.29 | 73.57 | 60.62 |
| Inventory | 3.52M | 5.24M | 4.57M | 7.92M | 12.51M | 14.94M | 16.17M | 12.99M | 13.24M |
| Days Inventory Outstanding | 133.1 | 194.48 | 139.28 | 152.33 | 219.27 | 218.91 | 198.72 | 170.71 | 185.57 |
| Other Current Assets | 0 | 0 | 0 | 60K | 4.66M | 4.18M | 4.66M | 7.27M | 7.17M |
| Total Non-Current Assets | 10.54M | 9.08M | 7.86M | 8.01M | 26.96M | 29.19M | 56.42M | 45.51M | 44.68M |
| Property, Plant & Equipment | 10.01M | 8.57M | 7.14M | 6.79M | 7.04M | 9.57M | 10.33M | 8.63M | 8.35M |
| Fixed Asset Turnover | 2.20x | 2.10x | 3.77x | 6.22x | 6.66x | 5.25x | 5.77x | 6.51x | 7.41x |
| Goodwill | 0 | 0 | 0 | 0 | 10.05M | 10.37M | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 8.49M | 7.86M | 45.26M | 36.41M | 35.68M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 171K | 0 | 0 | 0 |
| Other Non-Current Assets | 531K | 511K | 723K | 1.23M | 1.38M | 1.22M | 829K | 471K | 2.26M |
| Total Assets | 27.75M▲ 0% | 37.66M▲ 35.7% | 178.83M▲ 374.8% | 260.91M▲ 45.9% | 242.59M▼ 7.0% | 202.98M▼ 16.3% | 159.48M▼ 21.4% | 190.07M▲ 19.2% | 186.69M▲ 0% |
| Asset Turnover | 0.79x | 0.48x | 0.15x | 0.16x | 0.19x | 0.25x | 0.37x | 0.30x | 0.30x |
| Asset Growth % | - | 35.73% | 374.82% | 45.9% | -7.02% | -16.33% | -21.43% | 19.18% | 13.31% |
| Total Current Liabilities | 4.76M | 6.05M | 10.83M | 14.84M | 19.23M | 22.55M | 25.15M | 34.06M | 39.66M |
| Accounts Payable | 645K | 577K | 1M | 1.37M | 1.4M | 1.19M | 2.06M | 8.42M | 2.42M |
| Days Payables Outstanding | 24.37 | 21.43 | 30.61 | 26.38 | 24.48 | 17.45 | 25.35 | 110.71 | 30.58 |
| Short-Term Debt | 0 | 0 | 500K | 0 | 0 | 2.02M | 1.86M | 16.71M | 700K |
| Deferred Revenue (Current) | 951K | 1.49M | 3.1M | 0 | 7.51M | 10.63M | 12.13M | 8.93M | 36.34M |
| Other Current Liabilities | 1.82M | 1.02M | 2.07M | 6.75M | 3.94M | 2.72M | 9.1M | 0 | 27.07M |
| Current Ratio | 3.61x | 4.72x | 15.78x | 17.05x | 11.22x | 7.71x | 4.10x | 4.24x | 4.24x |
| Quick Ratio | 2.87x | 3.86x | 15.36x | 16.51x | 10.56x | 7.04x | 3.45x | 3.86x | 3.86x |
| Cash Conversion Cycle | 213.6 | 276.2 | 201.3 | 269.29 | 272.95 | 266.78 | 250.66 | 133.57 | 215.61 |
| Total Non-Current Liabilities | 73.17M | 94.78M | 28.95M | 31.47M | 32.76M | 14.94M | 19.73M | 12.31M | 12.86M |
| Long-Term Debt | 9.65M | 14.77M | 14.33M | 15M | 15M | 0 | 0 | 0 | 3.77M |
| Capital Lease Obligations | 7.97M | 6.94M | 5.84M | 4.51M | 3.04M | 3.93M | 4.74M | 0 | 11.82M |
| Deferred Tax Liabilities | -8.11M | 0 | 0 | 0 | 2.67M | 2.44M | 2.03M | 0 | 0 |
| Other Non-Current Liabilities | 55.18M | 72.5M | 194K | 11.96M | 555K | 0 | 2.28M | 3.98M | 9.16M |
| Total Liabilities | 77.92M | 100.83M | 39.79M | 46.3M | 51.99M | 37.49M | 44.88M | 46.37M | 52.52M |
| Total Debt | 17.93M | 22.79M | 21.86M | 20.85M | 19.51M | 5.95M | 6.61M | 16.71M | 4.47M |
| Net Debt | 10.86M | 4.88M | -137.37M | -203.22M | -168.91M | -115.1M | -37.42M | -96.26M | -63.1M |
| Debt / Equity | - | - | 0.16x | 0.10x | 0.10x | 0.04x | 0.06x | 0.12x | 0.12x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | -0.12x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 1.66x |
| Interest Coverage | -5.57x | -7.94x | -5.96x | -44.62x | -259.18x | -212.19x | - | - | - |
| Total Equity | -50.18M▲ 0% | -63.17M▼ 25.9% | 139.04M▲ 320.1% | 214.6M▲ 54.3% | 190.6M▼ 11.2% | 165.49M▼ 13.2% | 114.59M▼ 30.8% | 143.7M▲ 25.4% | 134.17M▲ 0% |
| Equity Growth % | - | -25.89% | 320.11% | 54.35% | -11.19% | -13.17% | -30.76% | 25.4% | 8.75% |
| Book Value per Share | -6.18 | -8.39 | 25.35 | 7.68 | 6.05 | 5.13 | 3.36 | 3.69 | 3.64 |
| Total Shareholders' Equity | -50.18M | -63.17M | 139.04M | 214.6M | 190.6M | 165.49M | 114.59M | 143.7M | 134.17M |
| Common Stock | 5K | 5K | 27K | 31K | 32K | 33K | 35K | 36K | 37K |
| Retained Earnings | -52.28M | -65.65M | -78.47M | -100.64M | -134.2M | -170.6M | -242.81M | -223.32M | -235.27M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.46M | 0 | 0 | 0 | 798K | 1.36M | 1.15M | 54K | 2K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MASS Cash Flow Statement
908 Devices Inc. (MASS) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -8.9M | -11M | 4.13M | -29.08M | -20.93M | -25.06M | -30.25M | -23.69M | -23.69M |
| Operating CF Margin % | -40.35% | -61.23% | 15.36% | -68.9% | -44.67% | -49.89% | -50.72% | -42.15% | - |
| Operating CF Growth % | - | -23.67% | 137.54% | -803.99% | 28.03% | -19.73% | -20.7% | 21.68% | 347.49% |
| Net Income | -7.54M | -13.37M | -12.82M | -22.17M | -33.56M | -36.4M | -72.21M | 19.49M | -36.07M |
| Depreciation & Amortization | 896K | 900K | 831K | 925K | 1.61M | 2.38M | 4.68M | 3.83M | 4.49M |
| Stock-Based Compensation | 217K | 267K | 525K | 2.5M | 7.21M | 9.79M | 11.76M | 9.85M | 5.16M |
| Deferred Taxes | 444K | 0 | 0 | 0 | -129K | -305K | -283K | 0 | 0 |
| Other Non-Cash Items | 208K | 460K | 5.55M | 2.09M | 584K | 1.05M | 28.34M | -41.55M | 25.65M |
| Working Capital Changes | -3.13M | 742K | 10.04M | -12.44M | 3.36M | -1.57M | -2.54M | -15.3M | -7.17M |
| Change in Receivables | 2.53M | 1.26M | -1.82M | -11.28M | 5.93M | 680K | -2.93M | 220K | -2.87M |
| Change in Inventory | -989K | -1.86M | 223K | -4.48M | -5.47M | -3.9M | -1.66M | -3.73M | -2.15M |
| Change in Payables | -2.95M | 0 | 0 | 2.75M | 0 | 0 | 0 | -5.93M | 964K |
| Cash from Investing | -1.17M | -392K | -9K | -737K | -15.81M | -26.4M | -46.32M | 50.75M | -1.56M |
| Capital Expenditures | -727K | -392K | -9K | -737K | -2.04M | -2.04M | -602K | -955K | -836K |
| CapEx % of Revenue | 3.3% | 2.18% | 0.03% | 1.75% | 4.36% | 4.07% | 1.01% | 1.7% | - |
| Acquisitions | 0 | 0 | 0 | 0 | -13.76M | 0 | -44.78M | -2M | -2.01M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -440K | 0 | 0 | 0 | 0 | 0 | 0 | 69.91M | 0 |
| Cash from Financing | 3.99M | 22.24M | 137.19M | 94.72M | 1.18M | -15.94M | -376K | -697K | -2.68M |
| Debt Issued (Net) | 0 | 5M | 0 | -39K | 0 | -15M | 0 | 0 | 0 |
| Equity Issued (Net) | 3.92M | 17.32M | 139.03M | 852K | 1.55M | 936K | 1.15M | 864K | 852K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 71K | -78K | -1.84M | 93.91M | -374K | -1.87M | -1.52M | -1.56M | -3.53M |
| Net Change in Cash | -6.07M▲ 0% | 10.84M▲ 278.5% | 141.31M▲ 1203.5% | 64.91M▼ 54.1% | -35.54M▼ 154.8% | -67.38M▼ 89.6% | -77.01M▼ 14.3% | 26.39M▲ 134.3% | -11.71M▲ 0% |
| Free Cash Flow | -9.63M▲ 0% | -11.4M▼ 18.4% | 4.12M▲ 136.2% | -29.82M▼ 823.4% | -22.98M▲ 23.0% | -27.1M▼ 18.0% | -30.85M▼ 13.8% | -24.64M▲ 20.1% | -8.3M▲ 0% |
| FCF Margin % | -43.64% | -63.41% | 15.33% | -70.65% | -49.04% | -53.96% | -51.73% | -43.85% | -14.36% |
| FCF Growth % | - | -18.4% | 136.17% | -823.41% | 22.95% | -17.97% | -13.82% | 20.12% | 76.79% |
| FCF per Share | -1.19 | -1.51 | 0.75 | -1.07 | -0.73 | -0.84 | -0.91 | -0.63 | -0.63 |
| FCF Conversion (FCF/Net Income) | 1.18x | 0.82x | -0.32x | 1.31x | 0.62x | 0.69x | 0.42x | -1.22x | 0.23x |
| Interest Paid | 0 | 1.16M | 913K | 0 | 135K | 0 | 184K | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MASS Key Ratios
908 Devices Inc. (MASS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -33.79% | -12.54% | -16.57% | -20.44% | -51.56% | 15.09% | -25.62% |
| Return on Invested Capital (ROIC) | - | - | -253.57% | -160.5% | -88.98% | -90.21% | -47.45% | -47.45% |
| Gross Margin | 45.31% | 55.49% | 55.05% | 55.54% | 50.41% | 50.18% | 50.58% | 51.49% |
| Net Margin | -74.41% | -47.66% | -52.53% | -71.64% | -72.47% | -121.09% | 34.68% | -62.4% |
| Debt / Equity | - | 0.16x | 0.10x | 0.10x | 0.04x | 0.06x | 0.12x | 0.12x |
| Interest Coverage | -7.94x | -5.96x | -44.62x | -259.18x | -212.19x | - | - | - |
| FCF Conversion | 0.82x | -0.32x | 1.31x | 0.62x | 0.69x | 0.42x | -1.22x | 0.23x |
| Revenue Growth | -18.51% | 49.64% | 56.93% | 11.01% | 7.21% | 18.72% | -5.76% | 2.16% |
MASS SEC Filings & Documents
908 Devices Inc. (MASS) SEC filings — annual & quarterly reports (10-K, 10-Q)
MASS Frequently Asked Questions
908 Devices Inc. (MASS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
908 Devices Inc. (MASS) reported $57.8M in revenue for fiscal year 2025. This represents a 162% increase from $22.1M in 2018.
908 Devices Inc. (MASS) saw revenue decline by 5.8% over the past year.
908 Devices Inc. (MASS) reported a net loss of $36.1M for fiscal year 2025.
Dividend & Returns
908 Devices Inc. (MASS) has a return on equity (ROE) of 15.1%. This is reasonable for most industries.
908 Devices Inc. (MASS) had negative free cash flow of $8.3M in fiscal year 2025, likely due to heavy capital investments.
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