What is 908 Devices's cash ratio?

908 Devices (MASS) reported cash ratio of 1.7× in Q1 2026.

How has 908 Devices's cash ratio changed year-over-year?

908 Devices's cash ratio decreased by 57.9% year-over-year, from 4× to 1.7×.

What is the long-term trend for 908 Devices's cash ratio?

Over 5 years (2020 to 2025), 908 Devices's cash ratio has grown at a -32.4% compound annual growth rate (CAGR), from 14.7× to 2.1×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

908 Devices MASS Cash ratio

Cash ratio at other companies

Thermo Fisher ScientificTMO

0.2×-0.1×

WAT

Waters CorporationWAT

0.2×-0.2×

Agilent TechnologiesA

0.8×+0.1×

BrukerBRKR

0.1×0.0×

Mettler-Toledo International, Inc.MTD

0.1×0.0×

DanaherDHR

0.8×+0.5×

Other financials

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

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Market cap$339.57M+29.0%

Enterprise value$276.47M+47.2%

P/S5.9×+0.8×

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 / equity0×0.0×

Current ratio3.6×-4.0×

Where this comes from

Calculated from 908 Devices’s reported figures.

cash and equivalents/total current liabilities=1.7×

Based on the most recent quarter.

The official record: 908 Devices’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is 908 Devices's cash ratio?: 908 Devices (MASS) reported cash ratio of 1.7× in Q1 2026.
How has 908 Devices's cash ratio changed year-over-year?: 908 Devices's cash ratio decreased by 57.9% year-over-year, from 4× to 1.7×.
What is the long-term trend for 908 Devices's cash ratio?: Over 5 years (2020 to 2025), 908 Devices's cash ratio has grown at a -32.4% compound annual growth rate (CAGR), from 14.7× to 2.1×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.