908 Devices Inc. income statement
In fiscal 2025, 908 Devices Inc. reported revenue of $56.2m, up 17.7% on the year before, operating income of −$39.4m (a -70.1% margin) and net income of $19.5m, or $0.54 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 27 | 42 | 47 | 50 | 48 | 56 | 61 |
| Cost of revenue | 12 | 19 | 21 | 25 | 23 | 28 | 29 |
| Gross profit | 15 | 23 | 26 | 25 | 25 | 28 | 32 |
| Research and development | 8 | 13 | 18 | 22 | 15 | 16 | 14 |
| Selling, general and administrative | 13 | 32 | 44 | 46 | 39 | 39 | 39 |
| Operating income | −6 | −22 | −35 | −43 | −57 | −39 | −39 |
| Interest expense | 1 | 0 | 0 | 0 | — | — | — |
| Income before tax | — | — | −34 | −37 | −53 | −33 | — |
| Income tax | — | — | 0 | −0 | −0 | −0 | — |
| Net income | −13 | −22 | −34 | −36 | −72 | 19 | −35 |
| Diluted EPS | −$0.47 | −$0.79 | −$1.07 | −$1.13 | −$2.12 | $0.54 | −$0.94 |
| Diluted shares (average) | 27m | 28m | 31m | 32m | 34m | 36m | 37m |
| EBITDA | −5 | −21 | −34 | −40 | −53 | −35 | −35 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 14 | 12 | 13 | 14 | 17 | 13 | 16 |
| Cost of revenue | 7 | 8 | 6 | 7 | 7 | 8 | 6 | 8 |
| Gross profit | 8 | 7 | 6 | 6 | 7 | 9 | 7 | 8 |
| Research and development | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 |
| Selling, general and administrative | 10 | 10 | 10 | 10 | 9 | 9 | 10 | 11 |
| Operating income | −24 | −17 | −11 | −15 | −16 | 3 | −13 | −13 |
| Income before tax | −24 | −16 | — | −13 | −15 | 4 | — | −12 |
| Income tax | −0 | −0 | — | 0 | 0 | −0 | — | −0 |
| Net income | −29 | −19 | 44 | −13 | −15 | 4 | −12 | −12 |
| Diluted EPS | −$0.84 | −$0.56 | $1.23 | −$0.37 | −$0.41 | $0.11 | −$0.32 | −$0.32 |
| EBITDA | −24 | −15 | −10 | −14 | −16 | 4 | −12 | −11 |
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