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908 Devices MASS Service — Revenue

Other product segments

Device Sales
$11.02M+33.1%
Recurring
$4.95M+4.5%
Contract
$104K+420%

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Other financials

Income statement

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Revenue$16.1M+23.3%
Gross profit$8.3M+30.9%
Operating income-$12.8M+15.5%
Net income-$11.9M+10.6%
EPS (diluted)-$0.32+13.5%

Balance sheet

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Cash & equivalents$63.0M+2.1%
Total debt$4.3M-3.0%
Total equity$126.8M-14.8%
Total assets$197.5M+3.0%

Cash flow

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Operating cash flow$3.2M+155%
CapEx$162.0K+32.8%
Free cash flow$3.0M+151%

Valuation

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Market cap$361.04M+55.6%
Enterprise value$302.32M+73.0%
P/S5.9×+1.6×

Profitability

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Gross margin52.2%+3.0pp
Operating margin-69.1%-21.4pp
Net margin-57%+109pp
FCF margin-1.2%-0.6pp

Returns & leverage

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Return on equity-25.2%-336pp
Debt / equity0.0×
Current ratio2.7×-2.3×

Where this comes from

Reported directly by 908 Devices in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: 908 Devices’s 10-Q, filed August 11, 2026.

Filed
Aug 11, 2026, 7:20 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-093731
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue:
Product revenue$12,974$9,577$23,711$18,106
Service and contract revenue3,1003,4585,7456,707
Total revenue16,07413,03529,45624,813
Cost of revenue:
Product cost of revenue6,4125,32311,57310,048
Service and contract cost of revenue1,3191,3392,6582,850
Total cost of revenue7,7316,66214,23112,898

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is 908 Devices's service — revenue?
908 Devices (MASS) reported service — revenue of $3.1M in Q2 2026.
How has 908 Devices's service — revenue changed year-over-year?
908 Devices's service — revenue decreased by 10.4% year-over-year, from $3.46M to $3.1M.
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.

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