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908 Devices

MASS

908 Devices Inc. is a life sciences technology company that develops purpose-built handheld devices for point-of-need chemical analysis.

Market cap
$292.52M+19.8%
Revenue$57.8M+10.9%
Net income-$36.1M-104%
Free cash flow-$9.6M+73.1%
EPS (diluted)-$0.99-83.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$15.4M
EPS estimate-$0.14

Financials

Q1 2026

Income statement

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Revenue$13.4M+13.6%
Gross profit$6.9M+24.2%
Operating income-$12.9M-16.9%
Net income-$12.0M-127%
EPS (diluted)-$0.32-126%

Balance sheet

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Cash & equivalents$67.6M-14.7%
Total debt$4.5M+18.6%
Total equity$134.2M-15.8%
Total assets$186.7M-4.8%

Cash flow

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Operating cash flow$1.2M+108%
CapEx$40.0K-74.8%
Free cash flow$1.2M+108%

Valuation & ratios

Valuation

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Market cap$292.52M+19.8%
Enterprise value$229.43M+11.6%
P/S5.1×+0.2×

Profitability

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Gross margin51.5%+1.3pp
Operating margin-76.8%-19.6pp
Net margin-62.4%+323pp
FCF margin-16.7%-7.2pp

Returns & leverage

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Return on equity-24.6%-149pp
Debt / equity0.0×
Current ratio3.6×-4.0×

Segments

By geography

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EMEA$1.1M-74.7%
Americas Other$1.1M+727%
Asia Pacific$580.0K+220%

By product

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Device Sales$9.4M+26.3%
Recurring$4.0M-6.6%

By segment

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Single Reportable$13.4M+13.6%

Competitors

Profile

908 Devices Inc. is a life sciences technology company that develops purpose-built handheld devices for point-of-need chemical analysis. By leveraging miniaturized mass spectrometry and optical spectroscopy, the company provides front-line workers with the ability to identify unknown substances, including illicit drugs and toxic chemicals, in real-time. Their core value proposition lies in transforming complex laboratory-grade analytical technology into simple, rugged, and accessible tools for critical health, safety, and defense applications.

Competitive position

The company is a pioneer in the miniaturization of mass spectrometry, offering the first truly handheld devices in a market traditionally dominated by large, stationary laboratory instruments.

GeographiesUnited States, International
Customer segmentsPublic safety, Government, Military, Healthcare
Business modelHardware manufacturing, Consumables and accessories sales
SuppliersSemiconductor microfabrication services, Electronic component suppliers, Specialized chemical and optical component providers
CustomersHazmat teams, CBRNE (Chemical, Biological, Radiological, Nuclear, and Explosives) units, Border protection agencies, Forensic laboratories
Listed2020
Employees230.0
CEOKevin J. Knopp
FilingsSEC EDGAR

Questions, answered.

What is 908 Devices's market cap?
908 Devices (MASS) has a market capitalization of $292.5M and trades on NASDAQ.
What is 908 Devices's revenue and profitability?
908 Devices generated $57.8M in trailing twelve-month revenue with a net loss of $36.1M, representing a net margin of -62.4%. Gross margin stands at 51.5%, with free cash flow of -$9.6M. These figures are based on the Q1 2026 filing.
Who are 908 Devices's competitors?
908 Devices's key competitors include Agilent Technologies, Inc., Waters Corporation, Thermo Fisher Scientific Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does 908 Devices have?
908 Devices's subsidiaries include RedWave Technology.
Where is 908 Devices headquartered?
908 Devices is headquartered in United States of America and employs approximately 230 people. It has been publicly traded since 2020.