Company Analysis

908 Devices Inc. (MASS)

Nasdaq: MASS · Measuring & Controlling Devices, NEC · Burlington, MA · filing with the SEC since 2012
Grade6.4
◀ Past 7.0● Present 6.1▶ Future 6.3
1 est.

The grade of 908 Devices Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.4/10
◀ Past7.030% of the headline
● Present6.140% of the headline
▶ Future6.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.0/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.2/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 82nd percentile among 11 sector filers · read for itself

From the record

908 Devices Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.5/10

What has it actually done, year after year?

+15.9% a year over 6 filed years; profitable in 1 of 6.

weight 45% of this tense · 75th percentile among 11 sector filers · read for its customers

From the record

908 Devices Inc.'s 6 filed years say what it did: revenue went from $27 million in fiscal 2020 to $56 million in fiscal 2025, up 15.9% a year; it rose in 4 of 5 years; the deepest fall was 5% from fiscal 2023 to fiscal 2024; net income was positive in 1 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span15.9%top 15% of its family
  • the share of years revenue rosetop 23% of its family
  • the share of filed years with a profittop 41% of its family
  • the deepest fall from a revenue peak4.9%top 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.1/10

How has it treated the people who own it?

SI estimate 4.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 41st percentile among 11 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 41% of 11 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 11 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: 908 Devices Inc.'s shareholder treatment is put at 4.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 41% of 11 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

6.1/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.5/10

Is it financially healthy right now?

ROE 14%: 14¢ of profit per shareholder dollar. Leverage 24%: owes 24¢ per asset dollar.

weight 45% of this tense · 55th percentile among 11 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, 908 Devices Inc. earned about 14 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 15 cents per dollar of everything the company owns. Leverage: it owed about 24 cents per dollar of assets, and net share issuance: its share count grew 5.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 32% of its family
  • return on equitytop 15% of its family
  • gross profit against assetsbottom 28% of its family
  • the share count against the year beforebottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.4/10

How strong is its position in its industry?

top 36% of 11 in its family; net margin 34.7%.

weight 33% of this tense · 64th percentile among 11 sector filers · read for its customers

From the record

908 Devices Inc.'s standing among 11 graded names in its industry family: revenue of $56 million in fiscal 2025 ranks in the bottom 32% by size; a net margin of 34.7% ranks in the top 5%; revenue growth of 6.2% a year over the last 3 filed years ranks in the top 35% (its annual reports).

What it rests on

  • revenue against the family$56.2Mbottom 32% of its family
  • net margin34.7%top 5% of its family
  • three-year revenue growth6.2%top 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.5/10

What are the people in charge doing?

top 35% of 10 in its family for leadership; chief executive since 2020.

weight 22% of this tense · 65th percentile among 10 sector filers · read for its shareholders

From the record

908 Devices Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Knopp, Kevin J. (President and CEO, as filed), filing under that title since 2020-12-17, 5.9 years (bottom 45% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 5.8 years (top 35%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (top 14%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 14 peopletop 14% of its family
  • the median years the people in charge have filed5.8 yearstop 35% of its family
  • the chief executive's years on the record5.9 yearsbottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.5/10

How much room does it have to grow?

top 35% of 10 in its family for room to expand.

weight 45% of this tense · 65th percentile among 10 sector filers · read for itself

From the record

908 Devices Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $71 million against no long-term debt tagged leaves 37.1% of its assets as net cash, top 14% of its family; cash from operations less capital spending is -43.9% of revenue (bottom 15%); a gross margin of 50.6% (top 28%); research spending of 27.7% of revenue (top 15%) (its annual report).

What it rests on

  • cash less debt against assets37.1%top 14% of its family
  • cash from operations less capital spending against revenue-43.9%bottom 15% of its family
  • gross margin50.6%top 28% of its family
  • research spending against revenue27.7%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.4/10

What could actually drive growth from here?

bottom 44% of 11 in its family for growth drivers.

weight 33% of this tense · 44th percentile among 11 sector filers · read for its customers

From the record

908 Devices Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 6.2% a year over the last three filed years against 15.9% over all 6, slowing (bottom 25% of its family); the newest year grew 17.7% (top 14%); research spending grew -3.9% a year (bottom 32%); capital spending grew -22.4% a year (bottom 32%) (its annual reports). 908 Devices Inc. reported 3 product lines in fiscal 2025: Device Sales at $37 million (65%), Recurring at $19 million (35%), Contract at $117 thousand (0%); 2 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-9.6 points a yearbottom 25% of its family
  • the newest year's revenue growth17.7%top 14% of its family
  • three-year growth of research spending-3.9%bottom 32% of its family
  • three-year growth of capital spending-22.4%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.8/10

Did its newest year beat what its own record pointed to?

top 12% of 10 in its family for expectations against reality.

weight 22% of this tense · 88th percentile among 10 sector filers · read for its shareholders

From the record

908 Devices Inc.'s newest year against its own record: revenue of $56 million in fiscal 2025 came in 16.6% above the $48 million its prior three years' pace pointed to (top 17% of its family); net income of $19 million against a prior three-year average of $47 million (top 5%); a net margin of 34.7% against -98.4% before (top 15%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace16.6%top 17% of its family
  • net income against the prior three years' average+141%top 5% of its family
  • net margin against its prior averageup more than 100 pointstop 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MASS · research, not advice