Filing Flows › 908 Devices (MASS) › Q3 2025
908 Devices (MASS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
908 Devices (MASS) reported revenue of $14.0M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +7% from the quarter before. Operating margin was -116.6%, net loss $15.0M (107.0% of revenue).
908 Devices, Q3 2025: revenue $14.0M (-4% year over year), operating margin -116.6%, net loss $15.0M, operating cash flow −$4.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.0M | +7% | -4% |
| Operating profit | −$16.3M | — | — |
| Net earnings | −$15.0M | — | — |
| Operating cash flow | −$4.2M | — | — |
What changed
Revenue was $14.0M in Q3 2025, down 4% year over year and up 7% from the previous quarter. Device sales revenue was the largest line at 65% of revenue. Device sales revenue lost $947K year over year (down 9%), 184% of the total change.
Gross margin was 52.5%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $16.3M, an operating margin of -116.6%. Operating expenses fell 27% while revenue fell 4%. The quarter ended with a net loss of $15.0M, wider than the previous quarter's $13.3M loss.
Operating cash flow was −$4.2M. Non-cash charges added back $1.1M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $7.3M. Capital expenditures of $680K exceeded it, leaving free cash flow of −$4.9M.
Questions
What was 908 Devices' revenue in the third quarter 2025?
908 Devices (MASS) reported revenue of $14.0M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +7% from the quarter before.
Was 908 Devices profitable in the third quarter 2025?
Operating loss was $16.3M (-116.6% of revenue) and net loss $15.0M.
Source: 908 Devices 10-Q on SEC EDGAR.