908 Devices Inc.
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 9, 2026
MASS$9.99-13.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Cash flows from operating activities: | | | | | | |
| Net income (loss) | | $19,489 | | $(72,206) | ||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | | | | | ||
| Goodwill impairment | | | — | | | 40,659 |
| Depreciation and amortization expense | | 4,465 | | 4,682 | ||
| Stock-based compensation expense | | 9,845 | | 11,763 | ||
| Provision for inventory obsolescence | | 513 | | 653 | ||
| Net amortization of premiums and accretion of discounts on marketable securities | | | (637) | | | 13 |
| Loss on disposal of property and equipment | | | 133 | | | 54 |
| Gain on sale of Desktop Portfolio, net of transaction costs | | | (55,940) | | | — |
| Provision for credit losses | | | — | | | 176 |
| Change in fair value of contingent consideration | | | 13,741 | | | (13,216) |
| Deferred income tax | | | — | | | (283) |
| Changes in operating assets and liabilities, net of business combinations: | | | | | ||
| Accounts receivable, net | | 220 | | (2,927) | ||
| Inventory | | (3,731) | | (1,664) | ||
| Prepaid expenses and other current assets | | (2,950) | | (445) | ||
| Other long-term assets | | 211 | | 559 | ||
| Accounts payable and accrued expenses | | (5,931) | | 2,319 | ||
| Deferred revenue | | (3,177) | | (368) | ||
| Right-of-use operating lease assets | | 1,723 | | 2,047 | ||
| Operating lease liabilities | | (1,662) | | (2,063) | ||
| Net cash used in operating activities | | (23,688) | | (30,247) | ||
| Cash flows from investing activities: | | | | | ||
| Purchases of property and equipment | | (955) | | (602) | ||
| Purchases of marketable securities | | | (64,005) | | | (55,500) |
| Acquisition of businesses, net of cash acquired | | | (2,000) | | | (44,783) |
| Proceeds from sale of Desktop Portfolio | | | 69,909 | | | — |
| Proceeds from maturities of marketable securities | | | 47,798 | | | 54,564 |
| Net cash provided by (used in) investing activities | | 50,747 | | (46,321) | ||
| Cash flows from financing activities: | | | | | ||
| Payments for withholding taxes on vested awards | | | (833) | | | (1,105) |
| Proceeds from issuance of common stock | | | 864 | | | 1,146 |
| Payments for contingent consideration | | | (728) | | | (417) |
| Net cash used in financing activities | | (697) | | (376) | ||
| Effect of foreign exchange rate changes on cash and cash equivalents | | | 27 | | | (65) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | | 26,389 | | (77,009) | ||
| Cash, cash equivalents and restricted cash at beginning of period | | 44,203 | | 121,212 | ||
| Cash, cash equivalents and restricted cash at end of period | | $70,592 | | $44,203 | ||
| Supplemental disclosure of noncash investing and financing information: | | | | | ||
| Transfers of inventory to property and equipment | | $983 | | $1,158 | ||
| Fair value of common stock issued for acquisition of RedWave Technology | | $— | | $8,616 | ||
| Reconciliation of cash, cash equivalents and restricted cash: | | | | | | |
| Cash and cash equivalents | | $70,517 | | $44,032 | ||
| Restricted cash included in other long-term assets | | | 75 | | | 171 |
| Total cash, cash equivalents and restricted cash shown in the statement of cash flows | | $70,592 | | $44,203 | ||
| Supplemental disclosure of cash flow information: | | | | | | |
| Cash (received) paid for income tax | | $(66) | | $184 | ||
Notes to Consolidated Financial Statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.