Stocks · Technology · Laboratory Analytical Instruments

908 Devices Inc.

MASS Clue Score53
United States Fiscal year ends December CIK 0001555279
$11.82 -1.91% Close, 12 Oct 2026
Price $11.82 −63.14% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 18 Dec 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue26.9Operating income−5.8Net income−12.8EPS, diluted−2.35Fiscal year 2021Revenue42.2 +56.9%Operating income−22.1Net income−22.2EPS, diluted−0.79Fiscal year 2022Revenue46.9 +11.0%Operating income−35.4Net income−33.6EPS, diluted−1.07Fiscal year 2023Revenue50.2 +7.2%Operating income−42.8Net income−36.4EPS, diluted−1.13Fiscal year 2024Revenue47.7 −4.9%Operating income−57.4Net income−72.2EPS, diluted−2.12Fiscal year 2025Revenue56.2 +17.7%Operating income−39.4Net income19.5EPS, diluted0.54
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 26.9 42.2 46.9 50.2 47.7 56.2
Growth +56.9% +11.0% +7.2% −4.9% +17.7%
Operating income −5.8 −22.1 −35.4 −42.8 −57.4 −39.4
Net income −12.8 −22.2 −33.6 −36.4 −72.2 19.5
Growth
EPS, diluted −2.35 −0.79 −1.07 −1.13 −2.12 0.54

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin55.5%Operating margin−21.6%Net margin−47.7%Free cash flow margin15.3%Fiscal year 2021Gross margin55.0%Operating margin−52.3%Net margin−52.5%Free cash flow margin−70.7%Fiscal year 2022Gross margin55.5%Operating margin−75.5%Net margin−71.6%Free cash flow margin−49.0%Fiscal year 2023Gross margin50.4%Operating margin−85.1%Net margin−72.5%Free cash flow margin−54.0%Fiscal year 2024Gross margin51.3%Operating margin−120.2%Net margin−151.2%Free cash flow margin−64.6%Fiscal year 2025Gross margin50.6%Operating margin−70.1%Net margin34.7%Free cash flow margin−43.9%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 55.5% 55.0% 55.5% 50.4% 51.3% 50.6%
Operating margin −21.6% −52.3% −75.5% −85.1% −120.2% −70.1%
Net margin −47.7% −52.5% −71.6% −72.5% −151.2% 34.7%
Free cash flow margin 15.3% −70.7% −49.0% −54.0% −64.6% −43.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow4.1Capital expenditure−0.0Free cash flow4.1Fiscal year 2021Operating cash flow−29.1Capital expenditure−0.7Free cash flow−29.8 −823.4%Fiscal year 2022Operating cash flow−20.9Capital expenditure−2.0Free cash flow−23.0Fiscal year 2023Operating cash flow−25.1Capital expenditure−2.0Free cash flow−27.1Fiscal year 2024Operating cash flow−30.2Capital expenditure−0.6Free cash flow−30.8Fiscal year 2025Operating cash flow−23.7Capital expenditure−1.0Free cash flow−24.6
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 4.1 −29.1 −20.9 −25.1 −30.2 −23.7
Capital expenditure −0.0 −0.7 −2.0 −2.0 −0.6 −1.0
Free cash flow 4.1 −29.8 −23.0 −27.1 −30.8 −24.6
Growth −823.4%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash159.2Total debt14.8Net cash (debt)144.4Shareholders’ equity139.0Debt to equity0.11Fiscal year 2021Cash224.1Total debt15.0Net cash (debt)209.1Shareholders’ equity214.6Debt to equity0.07Fiscal year 2022Cash188.4Total debt15.0Net cash (debt)173.4Shareholders’ equity190.6Debt to equity0.08Fiscal year 2023Cash121.0Shareholders’ equity165.5Fiscal year 2024Cash44.0Shareholders’ equity114.6Fiscal year 2025Cash70.5Shareholders’ equity143.7
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 159.2 224.1 188.4 121.0 44.0 70.5
Total debt 14.8 15.0 15.0 n/a n/a n/a
Net cash (debt) 144.4 209.1 173.4 n/a n/a n/a
Shareholders’ equity 139.0 214.6 190.6 165.5 114.6 143.7
Debt to equity 0.11 0.07 0.08 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
55.5% 55.0% 55.5% 50.4% 51.3% 50.6%
−21.6% −52.3% −75.5% −85.1% −120.2% −70.1%
n/a n/a −71.6% −72.9% −111.3% −59.3%
−47.7% −52.5% −71.6% −72.5% −151.2% 34.7%
15.3% −70.7% −49.0% −54.0% −64.6% −43.9%
Spending
30.6% 31.0% 37.4% 43.6% 31.4% 27.7%
46.5% 76.4% 93.7% 91.7% 82.6% 68.6%
0.0% 1.7% 4.4% 4.1% 1.3% 1.7%
Returns
−9.2% −10.3% −17.6% −22.0% −63.0% 13.6%
−7.2% −8.5% −13.8% −17.9% −45.3% 10.3%
Balance and payout
0.11 0.07 0.08 n/a n/a n/a
22.2% 17.7% 21.4% 18.5% 28.1% 24.4%