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Companies / Information Technology / 908 Devices Inc.
MASS

908 Devices Inc.

Information TechnologyMedical Instruments
Ticker MASSBURLINGTON, MAFiscal year ends DecemberBook value per share $3.40Diluted shares 37.3M

908 Devices Inc. (Nasdaq: MASS) develops handheld instruments for chemical analysis at the point of need, serving primarily government customers and, to a lesser extent, the life sciences market. Its users include law enforcement, military personnel, civilian first responders, and customs and border protection… From the company’s description.

Over the twelve months to Jun 30, 2026, 908 Devices Inc. reported revenue of $60.84M and a net loss of $34.66M. Its operating margin was −64.0%, and operations generated $1.49M in cash. In fiscal 2025, it reported revenue of $56.20M and net income of $19.49M.

Fiscal year 2025 · ends 12-31No changes shown: the filing behind fiscal 2025 re-reports fiscal 2024 on a different basisThe amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$56.20MFY2025
Last 12 mo $60.84M
-70.15%FY2025
Last 12 mo -63.99%
$19.49MFY2025
Last 12 mo $-34.66M
13.56%FY2025
Last 12 mo -27.34%
Cash & financing
$-23.69MFY2025
Last 12 mo $1.49M
$-24.64MFY2025
Last 12 mo $0.62M
—
35.9MFY2025
Last 12 mo 37.3M

Dotted labels explain each measure. is shown separately from the annual figures.

What 908 Devices Inc. does

In the company’s own words

908 Devices Inc. (Nasdaq: MASS) develops handheld instruments for chemical analysis at the point of need, serving primarily government customers and, to a lesser extent, the life sciences market. Its users include law enforcement, military personnel, civilian first responders, and customs and border protection agencies. The company combines mass spectrometry, optical spectroscopy, analytics, and machine learning in devices that identify chemical substances in samples such as solids, liquids, gases, vapors, and aerosols. Its product line includes the MX908 mass spectrometer; the XplorIR, ThreatID, and ProtectIR FTIR analyzers; and the VipIR FTIR and Raman analyzer. It also sells consumables, extended warranties, training, and technical support. The company sells through a direct sales force and domestic and international channel partners. In April 2024, it acquired RedWave Technology, adding vibrational spectroscopy capabilities to its portfolio. As of December 31, 2025, its devices numbered more than 3,700 worldwide and served more than 700 customers.

Company details
Sector
Information Technology
Industry (SIC)
Medical Instruments
Headquarters
BURLINGTON, MA
Fiscal year end
December
CIK
1555279
SIC
3826

Financial performance, year by year

Fiscal 2021–2025 · USD
$-85.51M$-45.60M$-5.68M$34.23M$74.14M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns 908 Devices Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

114
funds hold it
0 of 35
superinvestors hold it
$71.95M
held by funds, at market
21.9%
of shares held by funds

Largest fund holders · 908 Devices Inc.’s weight in each

ARK Genomic Revolution ETF
ARKG · ARK ETF Trust
—of fund net assets
Needham Aggressive Growth Fund
NEAGX · Needham Funds Inc
0.47%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
First Eagle Small Cap Opportunity Fund
FESRX · First Eagle Funds
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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