908 Devices Inc. (MASS) Income Statement
MASS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMASS revenue and net income
Where MASS's revenue goes
2025Each bar shows an amount and its share of revenue. MASS kept −65.2% of revenue as net income.
MASS profit margins
MASS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −5.8% | +6.2% | +15.9% | — |
| Gross profit | −10.5% | +1.0% | +12.4% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MASS quarterly EPS vs estimates
908 Devices beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 9, 2026 (estimate $-0.16).
MASS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $56.2M | $59.6M | $50.2M | $46.9M | $42.2M | $26.9M | $18.0M | $22.1M |
| Cost of revenue | $29.4M | $29.7M | $24.9M | $20.8M | $19.0M | $12.0M | $9.8M | $9.7M |
| Gross profit | $26.8M | $29.9M | $25.3M | $26.0M | $23.2M | $14.9M | $8.1M | $12.4M |
| Research & development | $13.8M | $25.5M | $21.9M | $17.5M | $13.1M | $8.2M | $9.0M | $9.5M |
| Sales, general & admin | $38.5M | $53.6M | $46.2M | $43.9M | $32.2M | $12.5M | $11.3M | $9.3M |
| Total operating expenses | $51.0M | $106.6M | $68.1M | $61.4M | $45.3M | $20.7M | $20.3M | $18.8M |
| Operating income | −$24.2M | −$76.7M | −$42.8M | −$35.4M | −$22.1M | −$5.8M | −$12.1M | −$6.4M |
| Interest income | $4.1M | $4.5M | $4.7M | $2.0M | $548,000 | — | — | — |
| Interest expense | — | $0 | $201,000 | $129,000 | $486,000 | $976,000 | $1.5M | $1.1M |
| Income before taxes | −$33.3M | −$72.5M | −$36.6M | −$33.6M | −$22.2M | −$12.8M | −$13.4M | −$7.5M |
| Income taxes | −$66,000 | −$282,000 | −$211,000 | −$1.8M | −$53,000 | −$5.9M | $1.8M | $50,000 |
| Net income | −$36.6M | −$72.2M | −$36.4M | −$31.7M | −$22.2M | −$12.8M | −$13.4M | −$7.5M |
| EBITDA | −$28.9M | −$43.9M | −$40.3M | −$33.8M | −$20.8M | −$5.0M | −$11.2M | −$5.5M |
| EPS (diluted) | −$0.39 | −$1.23 | −$1.13 | −$1.07 | −$0.80 | −$1.47 | −$1.16 | −$0.50 |
| Gross margin | 47.7% | 50.2% | 50.4% | 55.5% | 55.0% | 55.5% | 45.3% | 56.2% |
| Operating margin | −43.0% | −128.7% | −85.1% | −75.5% | −52.3% | −21.6% | −67.6% | −29.2% |
| Net margin | −65.2% | −121.1% | −72.5% | −67.8% | −52.5% | −47.7% | −74.4% | −34.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.1M | $13.4M | $17.4M | $14.0M | $13.0M | $11.8M | $18.8M | $14.5M | $11.5M | $7.4M | $14.4M | $14.3M |
| Cost of revenue | $7.7M | $7.0M | $8.7M | $7.1M | $6.7M | $6.2M | $9.6M | $6.7M | $5.3M | $3.5M | $7.1M | $6.4M |
| Gross profit | $8.3M | $6.4M | $8.7M | $6.9M | $6.4M | $5.5M | $9.2M | $7.8M | $6.2M | $3.9M | $7.3M | $7.9M |
| Research & development | $3.6M | $3.1M | $3.1M | $3.4M | $4.4M | $3.8M | $6.5M | $4.2M | $3.6M | $3.3M | $5.4M | $5.5M |
| Sales, general & admin | $11.1M | $9.9M | $8.8M | $9.1M | $10.3M | $10.2M | $13.8M | $13.4M | $14.6M | $11.9M | $11.5M | $11.4M |
| Total operating expenses | $21.2M | $12.9M | $11.8M | $12.4M | $21.5M | $16.6M | $29.4M | $32.3M | $14.7M | $11.5M | $17.0M | $17.0M |
| Operating income | −$12.8M | −$6.5M | −$3.2M | −$5.5M | −$15.2M | −$11.0M | −$20.3M | −$24.5M | −$8.5M | −$7.6M | −$9.7M | −$9.1M |
| Interest income | $938,000 | $936,000 | $1.0M | $1.1M | $1.2M | $816,000 | $753,000 | $879,000 | $1.1M | $1.7M | $2.3M | $1.8M |
| Interest expense | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $1.1M | $350,000 |
| Income before taxes | −$11.9M | −$12.0M | $4.3M | −$14.9M | −$12.8M | −$9.8M | −$19.5M | −$23.6M | −$7.6M | −$5.9M | −$7.4M | −$7.2M |
| Income taxes | −$54,000 | — | −$166,000 | $29,000 | $71,000 | — | −$71,000 | −$72,000 | −$69,000 | −$70,000 | −$2,000 | −$87,000 |
| Net income | −$11.9M | −$12.0M | $4.3M | −$14.9M | −$13.3M | $43.6M | −$19.4M | −$29.3M | −$12.5M | −$10.9M | −$7.4M | −$7.1M |
| EBITDA | −$10.6M | −$10.8M | $5.4M | −$13.8M | −$7.4M | −$7.2M | −$9.0M | −$4.7M | −$7.1M | −$4.6M | −$9.5M | −$8.2M |
| EPS (diluted) | −$0.11 | −$0.07 | $0.10 | −$0.04 | −$0.26 | −$0.19 | −$0.28 | −$0.31 | −$0.31 | −$0.33 | −$0.23 | −$0.22 |
| Gross margin | 51.9% | 47.7% | 49.9% | 49.3% | 48.9% | 47.0% | 48.7% | 53.6% | 53.8% | 52.4% | 50.7% | 55.0% |
| Operating margin | −79.7% | −48.6% | −18.2% | −39.4% | −116.3% | −93.6% | −107.6% | −168.7% | −74.5% | −102.5% | −67.7% | −63.6% |
| Net margin | −74.0% | −89.3% | 24.6% | −106.5% | −102.1% | 370.2% | −103.3% | −201.8% | −109.5% | −147.1% | −51.8% | −49.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MASS's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MASS financial results
In fiscal year 2025 (ended December 31, 2025), 908 Devices reported revenue of $56.2 million, down 5.8% from the year before. It had a net loss of $36.6 million, a net profit margin of −65.2%. Diluted earnings per share came to −$0.39. Over five years revenue grew at an average rate of 15.9% a year.
See the MASS stock overview for the latest quote and news, or the MASS chart for price history and technical indicators.
MASS income statement FAQ
What is 908 Devices's annual revenue?
908 Devices reported total revenue of $56.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 5.8% from $59.6 million the previous year.
Is 908 Devices profitable?
No. 908 Devices reported a net loss of $36.6 million in fiscal 2025, a net profit margin of −65.2%; its operating margin was −43.0%.
What is 908 Devices's gross margin?
908 Devices's gross margin was 47.7% in fiscal 2025: for every $100 of revenue, 908 Devices kept $48 after the direct cost of its products and services.
How much does 908 Devices spend on research and development?
908 Devices spent $13.8 million on research and development in fiscal 2025, 24.6% of revenue.
How fast is 908 Devices growing?
Revenue grew 15.9% a year on average over the last five fiscal years, from $26.9 million to $56.2 million.
What are 908 Devices's earnings per share?
908 Devices earned $-0.39 per diluted share in fiscal 2025, compared with $-1.23 a year earlier.
When will 908 Devices report its next earnings?
908 Devices is expected to report results for the quarter ending September 30, 2026 on November 9, 2026.
When does 908 Devices's fiscal year end?
908 Devices's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 9, 2026.