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MASS (908 Devices Inc.) Stock Financials & Earnings | Market Cap Arena
MASS
908 Devices Inc.
Mkt Cap
$233M
Healthcare
·
Medical - Devices
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$56M
Net Income (TTM)
$19M
EPS (TTM)
$0.55
Free Cash Flow (TTM)
-$25M
Gross Margin
50.6%
Op. Margin
-70.1%
Net Margin
34.7%
FCF Margin
-43.9%
P/S Ratio (TTM)
4.1x
P/E Ratio (TTM)
11.9x
YoY Rev Growth
+7.6%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$9M
$4M
-$13M
Q2 23
$12M
$6M
-$11M
Q3 23
$14M
$8M
-$9M
Q4 23
$14M
$7M
-$10M
Q1 24
$7M
$4M
-$8M
Q2 24
$11M
$6M
-$9M
Q3 24
$15M
$8M
-$24M
Q4 24
$19M
$9M
-$20M
Q1 25
$12M
$6M
-$11M
Q2 25
$13M
$6M
-$15M
Q3 25
$14M
$7M
-$16M
Q4 25
$17M
$9M
$3M
marketcaparena.com
Revenue Breakdown
MASS
908 Devices Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
4.8x
—
Q2 23
4.7x
—
Q3 23
4.9x
—
Q4 23
4.6x
—
Q1 24
4.8x
—
Q2 24
4.9x
—
Q3 24
4.9x
—
Q4 24
4.5x
—
Q1 25
4.1x
—
Q2 25
4.0x
—
Q3 25
4.0x
—
Q4 25
4.1x
11.9x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$11M
-$12M
Q2 23
-$8M
-$8M
Q3 23
-$5M
-$5M
Q4 23
-$2M
-$2M
Q1 24
-$9M
-$10M
Q2 24
-$13M
-$12M
Q3 24
-$6M
-$6M
Q4 24
-$2M
-$2M
Q1 25
-$15M
-$15M
Q2 25
-$6M
-$6M
Q3 25
-$4M
-$5M
Q4 25
$1M
$1M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$1M
Q2 23
$320K
Q3 23
$207K
Q4 23
$333K
Q1 24
$903K
Q2 24
$647K
Q3 24
$156K
Q4 24
$190K
Q1 25
$159K
Q2 25
$122K
Q3 25
$680K
Q4 25
$6K
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+14.2%
+26.2%
Q2 23
+8.9%
+18.3%
Q3 23
-9.5%
+1.9%
Q4 23
+23.3%
+9.5%
Q1 24
-21.8%
-33.2%
Q2 24
-5.2%
-13.2%
Q3 24
+1.6%
+66.8%
Q4 24
+31.1%
+62.4%
Q1 25
+58.7%
+51.7%
Q2 25
+13.7%
+41.0%
Q3 25
-3.5%
-22.3%
Q4 25
-7.7%
-63.4%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$2M
22.8%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$2M
16.3%
Q1 24
$3M
35.6%
Q2 24
$3M
27.0%
Q3 24
$3M
22.0%
Q4 24
$3M
15.0%
Q1 25
$2M
20.1%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$3M
15.9%
marketcaparena.com
OpEx Breakdown
R&D
SG&A
Quarter
R&D
SG&A
Q1 23
$5M
$12M
Q2 23
$6M
—
Q3 23
$6M
—
Q4 23
$5M
—
Q1 24
$3M
—
Q2 24
$4M
—
Q3 24
$4M
—
Q4 24
$7M
—
Q1 25
$4M
—
Q2 25
$4M
—
Q3 25
$4M
$9M
Q4 25
$4M
$9M
marketcaparena.com
Revenue Segments
Consumables and service
Contract
Product
Device Sales
Recurring
Quarter
Consumables and service
Contract
Product
Device Sales
Recurring
Q1 25
$3M
$63K
$9M
—
—
Q2 25
—
$20K
—
$8M
$5M
Q3 25
—
$54K
—
$9M
$5M
marketcaparena.com
Revenue by Geography
Americas other
Asia Pacific
Europe, Middle East and Africa
United States
Quarter
Americas other
Asia Pacific
Europe, Middle East and Africa
United States
Q1 23
$430K
$576K
$2M
$6M
Q2 23
$62K
$221K
$4M
$8M
Q3 23
$30K
$394K
$1M
$12M
Q1 25
$130K
$181K
$4M
$7M
Q2 25
$68K
$671K
$1M
$11M
Q3 25
$443K
$793K
$2M
$11M
Q4 25
$884K
$1M
$3M
$12M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$161M
$0
$161M
Q2 23
$133M
$20M
$153M
Q3 23
$118M
$30M
$148M
Q4 23
$121M
$25M
$146M
Q1 24
$105M
$30M
$134M
Q2 24
$47M
$31M
$77M
Q3 24
$45M
$27M
$72M
Q4 24
$44M
$26M
$70M
Q1 25
$79M
$45M
$124M
Q2 25
$62M
$57M
$119M
Q3 25
$63M
$49M
$112M
Q4 25
$113M
$0
$113M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
32M
+0.7%
Q2 23
32M
+0.7%
Q3 23
32M
+0.5%
Q4 23
32M
+0.3%
Q1 24
33M
+0.8%
Q2 24
34M
+4.1%
Q3 24
35M
+1.8%
Q4 24
35M
+0.0%
Q1 25
35M
+2.1%
Q2 25
36M
+1.4%
Q3 25
36M
+0.6%
Q4 25
39M
+7.8%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 18
—
—
FY 19
—
—
FY 20
$672K
40
FY 21
$754K
56
FY 22
$689K
68
FY 23
$707K
71
FY 24
$840K
71
FY 25
$1M
43
marketcaparena.com