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908 Devices MASS Recurring — Revenue

Other product segments

Device Sales
$9.36M+26.3%

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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×
Current ratio3.6×-4.0×

Where this comes from

Reported directly by 908 Devices in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 recurring — revenue?
908 Devices (MASS) reported recurring — revenue of $4.02M in Q1 2026.
How has 908 Devices's recurring — revenue changed year-over-year?
908 Devices's recurring — revenue decreased by 6.6% year-over-year, from $4.3M to $4.02M.
What is the long-term trend for 908 Devices's recurring — revenue?
Over 3 years (2022 to 2025), 908 Devices's recurring — revenue has grown at a 7.3% compound annual growth rate (CAGR), from $15.72M to $19.4M.
What does recurring — revenue mean?
This metric represents the total revenue generated from recurring service contracts, subscriptions, or maintenance agreements associated with mass spectrometry devices. It reflects the stability and predictability of the company's income stream derived from post-sale support and ongoing customer engagements. Monitoring this figure helps investors assess the long-term customer retention and the growth of the installed base of devices.