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- 908 Devices
908 Devices Valuation Multiples
Discover revenue and EBITDA valuation multiples for 908 Devices and similar public comparables like JETEMA Co., Sisram Medical, Quanterix, CapsoVision and more.
908 Devices Overview
About 908 Devices
908 Devices Inc manufactures medical devices. It has developed a suite of purpose-built handheld and desktop mass spectrometry, or Mass Spec, devices for the point-of-need. Mass Spec devices are used at the point-of-need to interrogate unknown and invisible materials and provide quick, actionable answers to directly address some of the critical problems in life sciences research, bioprocessing, industrial biotech, forensics, and adjacent markets. The company geographically derives maximum revenue from United States, and also has its presence in Europe, Middle East and Africa, Americas and Other and Asia Pacific.
Founded
2012
HQ

Employees
71
Website
Financials (LTM)
EV
$137M
908 Devices Financials
908 Devices reported last 12-month revenue of $58M and negative EBITDA of ($8M).
In the same LTM period, 908 Devices generated $38M in gross profit, ($8M) in EBITDA losses, and had net loss of ($29M).
Revenue (LTM)
908 Devices P&L
In the most recent fiscal year, 908 Devices reported revenue of $56M and EBITDA of ($10M).
908 Devices expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $58M | XXX | $56M | XXX | XXX | XXX |
| Gross Profit | $38M | XXX | $28M | XXX | XXX | XXX |
| Gross Margin | 66% | XXX | 51% | XXX | XXX | XXX |
| EBITDA | ($8M) | XXX | ($10M) | XXX | XXX | XXX |
| EBITDA Margin | (14%) | XXX | (17%) | XXX | XXX | XXX |
| EBIT Margin | (26%) | XXX | (27%) | XXX | XXX | XXX |
| Net Profit | ($29M) | XXX | $19M | XXX | XXX | XXX |
| Net Margin | (50%) | XXX | 35% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
908 Devices Stock Performance
908 Devices has current market cap of $244M, and enterprise value of $137M.
Market Cap Evolution
908 Devices' stock price is $6.75.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $137M | $244M | 0.0% | XXX | XXX | XXX | $0.54 |
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Start Free Trial908 Devices Valuation Multiples
908 Devices trades at 2.3x EV/Revenue multiple, and (16.2x) EV/EBITDA.
EV / Revenue (LTM)
908 Devices Financial Valuation Multiples
As of March 24, 2026, 908 Devices has market cap of $244M and EV of $137M.
Equity research analysts estimate 908 Devices' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
908 Devices has a P/E ratio of (8.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $244M | XXX | $244M | XXX | XXX | XXX |
| EV (current) | $137M | XXX | $137M | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | (16.2x) | XXX | (14.3x) | XXX | XXX | XXX |
| EV/EBIT | (8.9x) | XXX | (8.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 3.6x | XXX | 4.8x | XXX | XXX | XXX |
| P/E | (8.4x) | XXX | 12.5x | XXX | XXX | XXX |
| EV/FCF | (9.2x) | XXX | (6.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified 908 Devices Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


908 Devices Margins & Growth Rates
908 Devices' revenue in the last 12 month grew by 18%.
908 Devices' revenue per employee in the last FY averaged $0.8M.
908 Devices' rule of 40 is 3% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
908 Devices' rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
908 Devices Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Margin | (14%) | XXX | (17%) | XXX | XXX | XXX |
| EBITDA Growth | (60%) | XXX | (53%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 3% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 27% | XXX | 28% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 96% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
908 Devices Public Comps
See public comps and valuation multiples for other Medical Devices and Laboratory Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| JETEMA Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| Sisram Medical | XXX | XXX | XXX | XXX | XXX | XXX |
| Quanterix | XXX | XXX | XXX | XXX | XXX | XXX |
| CapsoVision | XXX | XXX | XXX | XXX | XXX | XXX |
| Orchestra BioMed | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
908 Devices M&A Activity
908 Devices acquired XXX companies to date.
Last acquisition by 908 Devices was on XXXXXXXX, XXXXX. 908 Devices acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by 908 Devices
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial908 Devices Investment Activity
908 Devices invested in XXX companies to date.
908 Devices made its latest investment on XXXXXXXX, XXXXX. 908 Devices invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by 908 Devices
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout 908 Devices
| When was 908 Devices founded? | 908 Devices was founded in 2012. |
| Where is 908 Devices headquartered? | 908 Devices is headquartered in United States. |
| How many employees does 908 Devices have? | As of today, 908 Devices has over 71 employees. |
| Who is the CEO of 908 Devices? | 908 Devices' CEO is Kevin J. Knopp. |
| Is 908 Devices publicly listed? | Yes, 908 Devices is a public company listed on Nasdaq. |
| What is the stock symbol of 908 Devices? | 908 Devices trades under MASS ticker. |
| When did 908 Devices go public? | 908 Devices went public in 2020. |
| Who are competitors of 908 Devices? | 908 Devices main competitors are JETEMA Co., Sisram Medical, Quanterix, CapsoVision. |
| What is the current market cap of 908 Devices? | 908 Devices' current market cap is $244M. |
| What is the current revenue of 908 Devices? | 908 Devices' last 12 months revenue is $58M. |
| What is the current revenue growth of 908 Devices? | 908 Devices revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of 908 Devices? | Current revenue multiple of 908 Devices is 2.3x. |
| Is 908 Devices profitable? | No, 908 Devices is not profitable. |
| What is the current EBITDA of 908 Devices? | 908 Devices has negative EBITDA and is not profitable. |
| What is 908 Devices' EBITDA margin? | 908 Devices' last 12 months EBITDA margin is (14%). |
| What is the current EV/EBITDA multiple of 908 Devices? | Current EBITDA multiple of 908 Devices is (16.2x). |
| What is the current FCF of 908 Devices? | 908 Devices' last 12 months FCF is ($15M). |
| What is 908 Devices' FCF margin? | 908 Devices' last 12 months FCF margin is (26%). |
| What is the current EV/FCF multiple of 908 Devices? | Current FCF multiple of 908 Devices is (9.2x). |
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