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908 Devices MASS Service — Revenue

Other product segments

Device Sales
$9.36M+26.3%
Recurring
$4.02M-6.6%

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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 service — revenue?
908 Devices (MASS) reported service — revenue of $2.64M in Q1 2026.
How has 908 Devices's service — revenue changed year-over-year?
908 Devices's service — revenue decreased by 18.6% year-over-year, from $3.25M to $2.64M.
What is the long-term trend for 908 Devices's service — revenue?
Over 4 years (2021 to 2025), 908 Devices's service — revenue has grown at a 13.4% compound annual growth rate (CAGR), from $7.82M to $12.92M.
What does service — revenue mean?
This metric represents the total gross revenue generated specifically from service-related contracts, such as maintenance, support, or training, provided to customers. It excludes any sales taxes or similar assessments collected on behalf of government authorities. Tracking this figure helps investors evaluate the recurring revenue stream and the long-term value of the company's installed base of devices.