908 Devices Inc.
MASS· Nasdaq· Laboratory Analytical Instruments
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -43.9%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +15.9%
We record prices for the companies we cover; MASS is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 35.9M
- Revenue
- $56.2M
- Free cash flow
- -$24.6M
- Owner earnings
- -$34.5M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 50.6%
- Operating
- -70.1%
- Net
- 34.7%
- Free cash flow
- -43.9%
- Owner earnings
- -61.4%
- Stock pay
- 17.5%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 13.6%
- ROE, 5 yr avg
- -19.9%
Growth (CAGR)
- Revenue, 3 yr
- 6.2%
- Revenue, 5 yr
- 15.9%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
Financial health · FY2025
- Cash and investments
- $113.0M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 45.6%
Financials: ten years from the 10-Ks
Revenue
$56.2M
+15.9% a year over 5 years
FY2020FY2025
Margins
Gross50.6%Operating-70.1%Net34.7%
FY2025
FY2020FY2025
Free cash flow and owner earnings
Free cash flow-$24.6MOwner earnings-$34.5M
FY2025
FY2020FY2025
Diluted shares
35.9M
+554.5% over 5 years, net dilution
FY2020FY2025
Net cash
–
$173.4M more cash than debt
FY2020FY2025
Every figure, year by year
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| The business | ||||||
| Revenue | $26.9M | $42.2M | $46.9M | $50.2M | $47.7M | $56.2M |
| Revenue growth | – | 56.9% | 11.0% | 7.2% | -4.9% | 17.7% |
| Gross margin | 55.5% | 55.0% | 55.5% | 50.4% | 51.3% | 50.6% |
| Operating margin | -21.6% | -52.3% | -75.5% | -85.1% | -120.2% | -70.1% |
| Net income | -$12.8M | -$22.2M | -$33.6M | -$36.4M | -$72.2M | $19.5M |
| Net margin | -47.7% | -52.5% | -71.6% | -72.5% | -151.2% | 34.7% |
| Diluted EPS | $-2.35 | $-0.79 | $-1.07 | $-1.13 | $-2.12 | $0.54 |
| Return on invested capital? | – | – | – | – | – | – |
| Cash | ||||||
| Operating cash flow | $4.1M | -$29.1M | -$20.9M | -$25.1M | -$30.2M | -$23.7M |
| Capital expenditure | $9.0K | $737.0K | $2.0M | $2.0M | $602.0K | $955.0K |
| Free cash flow | $4.1M | -$29.8M | -$23.0M | -$27.1M | -$30.8M | -$24.6M |
| Stock-based compensation | $525.0K | $2.5M | $7.2M | $9.8M | $11.8M | $9.8M |
| Owner earnings? | $3.6M | -$32.3M | -$30.2M | -$36.9M | -$42.6M | -$34.5M |
| Free cash flow per share | $0.75 | $-1.07 | $-0.73 | $-0.84 | $-0.91 | $-0.69 |
| Capital allocation | ||||||
| Dividends paid | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | – |
| Diluted shares | 5.5M | 28.0M | 31.5M | 32.2M | 34.1M | 35.9M |
| Share count change? | – | 409.7% | 12.6% | 2.4% | 5.7% | 5.3% |
| Balance sheet | ||||||
| Cash and equivalents | $159.2M | $224.1M | $188.4M | $121.0M | $44.0M | $70.5M |
| Short-term investments | – | – | – | $24.6M | $25.6M | $42.5M |
| Total debt | $14.8M | $15.0M | $15.0M | – | – | – |
| Net debt | -$144.4M | -$209.1M | -$173.4M | – | – | – |
| Shareholders' equity | $139.0M | $214.6M | $190.6M | $165.5M | $114.6M | $143.7M |
Latest filings
| 2026-08-11 | 10-Q | Quarterly report |
| 2026-08-11 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-05-06 | 8-K | Earnings release |
| 2026-04-29 | DEF 14A | Proxy statement |
| 2026-03-09 | 10-K | Annual report |
| 2026-03-03 | 8-K | Earnings release |
| 2026-01-20 | 8-K | Earnings release |
| 2025-11-10 | 10-Q | Quarterly report |
| 2025-11-10 | 8-K | Earnings release |
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