Filing Flows › 908 Devices (MASS) › Q4 2025
908 Devices (MASS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 9, 2026
908 Devices (MASS) reported revenue of $17.4M for the fourth quarter 2025 (Q4 2025), +21% from a year earlier and +24% from the quarter before. Operating margin was 17.8%, net earnings $4.2M (24.0% of revenue).
908 Devices, Q4 2025: revenue $17.4M (+21% year over year), operating margin 17.8%, net earnings $4.2M, operating cash flow $1.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.4M | +24% | +21% |
| Gross profit | $9.2M | +24% | +37% |
| Operating profit | $3.1M | — | — |
| Net earnings | $4.2M | — | — |
| Operating cash flow | $1.3M | — | — |
What changed
Revenue was $17.4M in Q4 2025, up 21% year over year and up 24% from the previous quarter. Device sales revenue was the largest line at 68% of revenue.
Gross margin was 52.7%, up 6.1 points from Q4 2024. Operating profit was $3.1M, a 17.8% margin (up 134.6 points year over year). Operating expenses fell 74% while revenue rose 21%. Net earnings were $4.2M. The effective tax rate was -4.1%. Non-operating items added $916K, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.3M, 32% of net earnings. Non-cash charges added back $1.1M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $6.7M. Capital expenditures of −$6K left free cash flow of $1.3M.
Questions
What was 908 Devices' revenue in the fourth quarter 2025?
908 Devices (MASS) reported revenue of $17.4M for the fourth quarter 2025 (Q4 2025), +21% from a year earlier and +24% from the quarter before.
Was 908 Devices profitable in the fourth quarter 2025?
Operating profit was $3.1M (17.8% of revenue) and net earnings $4.2M.
Source: 908 Devices 10-K on SEC EDGAR.