908 Devices Inc. (MASS) intrinsic value & 10-year financials
908 Devices Inc. (MASS) has a Graham intrinsic value of $17.94 per share. At $11.26 on Oct 17, 2026, the stock trades 37% below that value. Over the last 7 fiscal years revenue grew 15.9% a year to $56.2M, with an average return on invested capital of -599.6%.
- Graham intrinsic value
- $17.94
- Share price (Oct 17, 2026)
- $11.26
- Price vs Graham value
- 37% below
- Market cap
- $404.2M
- Revenue (FY2025)
- $56.2M
- Revenue growth (7-yr CAGR)
- 15.9%
- ROIC (10-yr avg)
- -599.6%
- Free cash flow (FY2025)
- -$24.6M
MASS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $56.2M | $19.5M | $0.54 | -$24.6M | -70.1% | -51.7% |
| FY2024 | $59.6M | -$72.2M | -$2.12 | -$30.8M | -128.7% | -123.6% |
| FY2023 | $50.2M | -$36.4M | -$1.13 | -$27.1M | -85.1% | -123.9% |
| FY2022 | $46.9M | -$33.6M | -$1.07 | -$23.0M | -75.5% | -233.9% |
| FY2021 | $42.2M | -$22.2M | -$0.79 | -$29.8M | -52.3% | -421.3% |
| FY2020 | $26.9M | -$12.8M | -$0.47 | $4.1M | -21.6% | -2643.1% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
908 Devices Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
908 Devices Inc. has historically struggled to out-earn its cost of capital, averaging just -55.4% ROIC.
908 Devices Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, 908 Devices Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $17.94 per share.