MASS - NASDAQ
908 Devices Inc.
$8.66
-2.1%908 Devices Inc., a commercial-stage technology company, provides various purpose-built handheld and desktop mass spectrometry (Mass Spec) devices to interrogate unknown and invisible materials in life sciences research, bioprocessing, industrial biotech, forensics, and adjacent markets. The company's products include MX908, a handheld, battery-powered, and Mass Spec device that is designed for rapid analysis of gas, liquid, and solid materials of unknown identity; Rebel, a small desktop analyzer that provides real-time information on the extracellular environment in bioprocesses; and ZipChip solution, a plug-and-play, high-resolution separation platform that optimizes Mass Spec sample analysis. It operates in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 2012 and is headquartered in Boston, Massachusetts.
At a Glance
Live Snapshot908 Devices Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
908 Devices Inc. Cash Flow Statement
MASS • NASDAQ
| 908 Devices Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||
19.5M | -72.2M | -36.4M | -33.6M | -22.2M | -12.8M | -13.4M | -7.5M | |
3.8M | 4.7M | 2.4M | 1.6M | 925K | 831K | 900K | 896K | |
0.0 | -283K | -305K | -129K | 0.0 | 0.0 | 90K | 444K | |
9.8M | 11.8M | 9.8M | 7.2M | 2.5M | 525K | 267K | 217K | |
-41.6M | 28.3M | 1M | 584K | 2.1M | 5.6M | 370K | 208K | |
-15.3M | -2.5M | -1.6M | 3.4M | -12.4M | 10M | 742K | -3.1M | |
-23.7M | -30.2M | -25.1M | -20.9M | -29.1M | 4.1M | -11M | -8.9M | |
INVESTING ACTIVITIES | ||||||||
-955K | -602K | -2M | -2M | -737K | -9K | -392K | -727K | |
-2M | -44.8M | (0.0) | -13.8M | (0.0) | (0.0) | (0.0) | (0.0) | |
-64M | -55.5M | -48.9M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
47.8M | 54.6M | 24.5M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
69.9M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -440K | |
(50.7M) | -46.3M | -26.4M | -15.8M | -737K | -9K | -392K | -1.2M | |
FINANCING ACTIVITIES | ||||||||
864K | 1.1M | 936K | 1.6M | 852K | 139M | 0.0 | 0.0 | |
0.0 | 0.0 | -15M | 0.0 | -39K | 0.0 | 5M | 0.0 | |
-1.6M | -1.5M | -1.9M | -374K | 93.9M | -1.8M | -78K | 71K | |
-697K | -376K | -15.9M | 1.2M | 94.7M | 137.2M | 22.2M | 4M | |
CASH FLOW SUMMARY | ||||||||
27K | -65K | 13K | 18K | 0.0 | 0.0 | 0.0 | 0.0 | |
26.4M | -77M | -67.4M | -35.5M | 64.9M | 141.3M | 10.8M | -6.1M | |
44.2M | 121.2M | 188.6M | 224.1M | 159.2M | 17.9M | 7.1M | 13.1M | |
70.6M | 44.2M | 121.2M | 188.6M | 224.1M | 159.2M | 17.9M | 7.1M | |
-24.6M | -30.8M | -27.1M | -23M | -29.8M | 4.1M | -11.4M | -9.6M |
SEC Filings
MASS - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 06, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 04, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 29, 2026 | June 11, 2026 | 2026 | |
S-3 S-3 N/A | March 09, 2026 | March 09, 2026 | ||
10-K 10-K 2025 FY FY | March 09, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 03, 2026 | March 03, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 20, 2026 | January 20, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 10, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 10, 2025 | November 10, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | August 05, 2025 | June 30, 2025 | 2025 |
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