Filing Flows › 908 Devices (MASS) › Q1 2026
908 Devices (MASS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
908 Devices (MASS) reported revenue of $13.4M for the first quarter 2026 (Q1 2026), +14% from a year earlier and -23% from the quarter before. Operating margin was -96.3%, net loss $12.0M (89.3% of revenue).
908 Devices, Q1 2026: revenue $13.4M (+14% year over year), operating margin -96.3%, net loss $12.0M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.4M | -23% | +14% |
| Operating profit | −$12.9M | -517% | — |
| Net earnings | −$12.0M | -386% | -127% |
| Operating cash flow | $1.2M | -9% | — |
| Free cash flow | $1.2M | -12% | — |
What changed
Revenue was $13.4M in Q1 2026, up 14% year over year and down 23% from the previous quarter. Device sales revenue was the largest line at 70% of revenue. Device sales revenue added $1.9M year over year (up 26%), 122% of the total change. Recurring revenue declined 7%.
Gross margin was 51.4%, up 4.4 points from Q1 2025. Operating costs exceeded revenue by $12.9M, an operating margin of -96.3%. Operating expenses grew 19% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+155%). The quarter ended with a net loss of $12.0M, after a profit of $4.2M the previous quarter.
Operating cash flow was $1.2M. Non-cash charges added back $1.1M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $9.6M. Capital expenditures of $40K left free cash flow of $1.2M.
Questions
What was 908 Devices' revenue in the first quarter 2026?
908 Devices (MASS) reported revenue of $13.4M for the first quarter 2026 (Q1 2026), +14% from a year earlier and -23% from the quarter before.
Was 908 Devices profitable in the first quarter 2026?
Operating loss was $12.9M (-96.3% of revenue) and net loss $12.0M.
Source: 908 Devices 10-Q on SEC EDGAR.