Filing Flows › 908 Devices (MASS) › Q2 2025
908 Devices (MASS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
908 Devices (MASS) reported revenue of $13.0M for the second quarter 2025 (Q2 2025), +14% from a year earlier and +11% from the quarter before. Operating margin was -116.3%, net loss $13.3M (102.1% of revenue).
908 Devices, Q2 2025: revenue $13.0M (+14% year over year), operating margin -116.3%, net loss $13.3M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.0M | +11% | +14% |
| Operating profit | −$15.2M | — | — |
| Net earnings | −$13.3M | -131% | — |
| Operating cash flow | −$5.8M | — | — |
What changed
Revenue was $13.0M in Q2 2025, up 14% year over year and up 11% from the previous quarter. Device sales revenue was the largest line at 64% of revenue. Recurring revenue added $1.0M year over year (up 28%), 66% of the total change.
Gross margin was 48.9%, down 4.9 points from a year earlier. Operating costs exceeded revenue by $15.2M, an operating margin of -116.3%. Operating expenses grew 46% against revenue growth of 14%. The fastest-growing cost line was Research & development (+23%). The quarter ended with a net loss of $13.3M, after a profit of $43.6M the previous quarter.
Operating cash flow was −$5.8M. Non-cash charges added back $1.0M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $4.2M. Capital expenditures of $122K exceeded it, leaving free cash flow of −$5.9M.
Questions
What was 908 Devices' revenue in the second quarter 2025?
908 Devices (MASS) reported revenue of $13.0M for the second quarter 2025 (Q2 2025), +14% from a year earlier and +11% from the quarter before.
Was 908 Devices profitable in the second quarter 2025?
Operating loss was $15.2M (-116.3% of revenue) and net loss $13.3M.
Source: 908 Devices 10-Q on SEC EDGAR.