908 Devices Inc. (MASS) Revenue History
Annual and quarterly revenue from 2018 to present
MASS Revenue Over Time (2018–2025)
MASS Revenue Growth History
5 of 7 years with positive growth- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- -18.5%
- FY2020 revenue growth
- +49.6%
- FY2021 revenue growth
- +56.9%
- FY2022 revenue growth
- +11.0%
- FY2023 revenue growth
- +7.2%
- FY2024 revenue growth
- +18.7%
- FY2025 revenue growth
- -5.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $13.4M | +13.6% |
| Q4 2025 | $17.4M | -7.7% |
| Q3 2025 | $14.0M | -3.5% |
| Q2 2025 | $13.0M | +13.7% |
| Q1 2025 | $11.8M | +58.7% |
| Q4 2024 | $18.8M | +31.1% |
| Q3 2024 | $14.5M | +1.6% |
| Q2 2024 | $11.5M | -5.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MASS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MASS Revenue Analysis (2018–2025)
Current Revenue & Growth
As of June 23, 2026, 908 Devices Inc. (MASS) generated trailing twelve-month (TTM) revenue of $57.8 million, reflecting strong growth of +13.6% year-over-year. The most recent quarter (Q1 2026) recorded $13.4 million in revenue, down 23.0% sequentially.
Historical Growth Trajectory
MASS's 5-year compound annual growth rate (CAGR) stands at +15.9%, indicating consistent double-digit revenue growth. The 3-year CAGR of +6.2% is below the 5-year average, signalling a growth deceleration in recent years. 908 Devices Inc.'s highest annual revenue of $59.6 million was recorded in 2024.
Revenue by Segment
MASS's revenue is primarily driven by Device Sales (58%), Recurring (31%), and Product and service revenue (11%). With over half of revenue concentrated in Device Sales, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including MASI (-14.4% YoY), WAT (+26.4% YoY), and A (+9.1% YoY) — MASS has outperformed the peer group in revenue growth. Compare MASS vs MASI →
MASS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MASSCurrent | $58M | +13.6% | +15.9% | -43.0% | |
 MASI | $1.5B | -14.4% | +5.9% | 20.5% | |
 WAT | $3.2B | +26.4% | +6.0% | 28.2% | |
 A | $6.9B | +9.1% | +5.4% | 21.3% | |
 TMO | $44.6B | +5.4% | +6.7% | 18.2% | |
 BRKR | $3.4B | +0.4% | +11.6% | 6.9% |
MASS Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $56.2M | -5.8% | $26.8M | 47.7% | $-24,180,000 | -43.0% |
| 2024 | $59.6M | +18.7% | $29.9M | 50.2% | $-76,718,000 | -128.7% |
| 2023 | $50.2M | +7.2% | $25.3M | 50.4% | $-42,758,000 | -85.1% |
| 2022 | $46.9M | +11.0% | $26.0M | 55.5% | $-35,382,000 | -75.5% |
| 2021 | $42.2M | +56.9% | $23.2M | 55.0% | $-22,069,000 | -52.3% |
| 2020 | $26.9M | +49.6% | $14.9M | 55.5% | $-5,815,000 | -21.6% |
| 2019 | $18.0M | -18.5% | $8.1M | 45.3% | $-12,144,000 | -67.6% |
| 2018 | $22.1M | - | $12.4M | 56.2% | $-6,439,000 | -29.2% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
8+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MASS — Frequently Asked Questions
Quick answers to the most common questions about buying MASS stock.
Is MASS's revenue growth accelerating or slowing?
MASS revenue growth is holding steady at +13.6% year-over-year. TTM revenue is $58M. The current growth rate closely tracks the 5-year CAGR of +15.9%, signalling consistent execution.
What is MASS's revenue history from 2018 to 2026?
908 Devices Inc. (MASS) revenue history spans 2018 to 2026. TTM revenue as of 2026 is $58M, growing at +13.6% YoY. The 5-year CAGR is +15.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MASS's long-term revenue growth rate (CAGR)?
908 Devices Inc.'s 5-year revenue CAGR of +15.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +13.6% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MASS.
Why does MASS's quarterly revenue fluctuate?
MASS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. 908 Devices Inc.'s revenue data from 2018 to 2026 shows full historical quarterly detail on this page.
How is MASS's revenue distributed by segment?
MASS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MASS's revenue compare to industry peers?
908 Devices Inc. (MASS) with TTM revenue of $58M and +13.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.