908 Devices Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $56.2M | $47.7M | $50.2M | $46.9M | $42.2M |
| Cost of revenue | $27.8M | $23.2M | $24.9M | $20.8M | $19.0M |
| Gross profit | $28.4M | $24.5M | $25.3M | $26.0M | $23.2M |
| Selling, general & administrative | $38.5M | $39.5M | $46.1M | $43.9M | $32.2M |
| Research and development | $15.6M | $15.0M | $21.9M | $17.5M | $13.1M |
| Operating expenses | $67.8M | $81.9M | $68.1M | $61.4M | $45.3M |
| Operating income | -$39.4M | -$57.4M | -$42.8M | -$35.4M | -$22.1M |
| Interest expense | — | — | $201,000 | $129,000 | $486,000 |
| Pretax income | -$33.3M | -$53.1M | -$36.6M | -$33.6M | — |
| Income tax expense | -$66,000 | -$282,000 | -$211,000 | $0 | — |
| Net income | $19.5M | -$72.2M | -$36.4M | -$33.6M | -$22.2M |
| Balance Sheet | |||||
| Cash and equivalents | $70.5M | $44.0M | $121.0M | $188.4M | $224.1M |
| Current assets | $144.6M | $103.1M | $173.8M | $215.6M | $252.9M |
| Total assets | $190.1M | $159.5M | $203.0M | $242.6M | $260.9M |
| Current liabilities | $34.1M | $25.1M | $22.5M | $19.2M | $14.8M |
| Total liabilities | $46.4M | $44.9M | $37.5M | $52.0M | $46.3M |
| Total debt | — | — | — | $15.0M | $15.0M |
| Stockholders' equity | $143.7M | $114.6M | $165.5M | $190.6M | $214.6M |
| Cash Flow Statement | |||||
| Cash from operations | -$23.7M | -$30.2M | -$25.1M | -$20.9M | -$29.1M |
| Depreciation and amortization | $4.5M | $4.7M | $2.4M | $1.6M | $925,000 |
| Stock-based compensation | $9.8M | $11.8M | $9.8M | $7.2M | $2.5M |
| Capital expenditure | $955,000 | $602,000 | $2.0M | $2.0M | $737,000 |
| Free cash flow | -$24.6M | -$30.8M | -$27.1M | -$23.0M | -$29.8M |
| Impairments | — | $40.7M | $0 | $0 | — |
Shares outstanding 37.8M · Free float 63.6%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.