908 Devices Inc.
About 908 Devices Inc.
908 Devices Inc develops a suite of purpose-built handheld devices for point-of-need chemical analysis. Leveraging mass spectrometry, optical spectroscopy, analytics and machine learning technologies, the company makes devices that are smaller and more accessible than conventional laboratory instruments. Its devices, including MX908, ThreatID, XplorIR and VipIR, are used to analyze unknown materials and provide actionable answers in health, safety and defense technology applications, addressing the fentanyl and illicit drug crisis, toxic carcinogen exposure and security threats. The company reimagines mass spectrometry technology by developing smaller, lower-cost and simpler-to-operate devices compared to conventional instruments, and generates maximum revenue from the United States.
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Financial summary
- Revenue FY2025
- $56.2M
- Net income
- $19.5M
- Total assets
- $190.1M
- Market cap
- $299.9M
- Gross margin
- 50.6%
- Operating margin
- -70.1%
- Net margin
- 34.7%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $56.2M
- Cost of revenue
- $27.8M
- Gross profit
- $28.4M
- Operating expenses
- $67.8M
- Operating income
- -$39.4M
- Income tax
- -$66.0K
- Net income
- $19.5M
- EPS (basic)
- $0.54
- EPS (diluted)
- $0.54
Balance sheet
- Total assets
- $190.1M
- Current assets
- $144.6M
- Total liabilities
- $46.4M
- Current liabilities
- $34.1M
- Shareholders’ equity
- $143.7M
Cash flow
- Operating cash flow
- -$23.7M
- Investing cash flow
- $50.7M
- Financing cash flow
- -$697.0K
- Net cash flow
- $26.4M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $299.9M
- P/E ratio
- 15.0
- EPS (diluted)
- $0.54
- Shares outstanding
- 37.0M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Dec 18, 2020
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $19.5M in FY2025.
- Revenue grew 33% from FY2021 to FY2025.
- Gross margin of 50.6%, net margin 34.7%.
- Trading 11% below its 52-week high.
- Valued at a price-to-earnings (P/E) ratio of 15.0.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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