908 Devices Inc. Segments Disclosure
20. Segment Reporting
The Company has determined that it operates and is managed as one operating segment on a consolidated basis and its Chief Executive Officer is the CODM (see Note 2, Summary of Significant Accounting Policies). The Company’s CODM is regularly provided R&D expenses, sales and marketing expenses, general and administrative expenses and total assets. The Company’s segment performance measure is net income (loss), which is used by our CODM when assessing performance and allocating capital and resources to our business.
The CODM uses total revenues and operating results, predominantly in the strategic plan, annual operating plan and quarterly forecast review processes. During these processes, the CODM considers budget-to-actual variances to evaluate both internal (e.g., changes in selling prices, strategic growth investments, productivity, business mix, newly acquired/divested businesses, etc.) and external (e.g., inflation, foreign currency, etc.) events and conditions.
The following table includes additional information about reported segment revenue, significant segment expenses and segment measure of profitability (in thousands):
Year Ended December 31, | |||||||
2025 | | 2024 | |||||
Total revenue | $ | 56,197 | $ | 47,746 | |||
Significant segment expenses(income) | |||||||
Cost of revenues | 27,774 |
| 23,246 | ||||
Research and development | 15,575 | 14,988 | |||||
Sales and marketing | 18,027 | 18,163 | |||||
General and administrative | 20,501 | 21,299 | |||||
Change in fair value of contingent consideration | 13,741 | (13,216) | |||||
Goodwill impairment | — | 40,659 | |||||
Other segment items(1) | (6,144) | (4,253) | |||||
Net loss from continuing operations | (33,277) | (53,140) | |||||
Net income (loss) from discontinued operations, net of tax(2) | 52,766 | (19,066) | |||||
Net income (loss) | $ | 19,489 | $ | (72,206) | |||
| (1) | Includes interest income, interest expense, other expense, net and benefit for income taxes. |
| (2) | See Note 3, Discontinued Operations and TSA, for further details. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 9, 2026 | Showing above |
| 2024 | Mar 7, 2025 | |
| 2023 | Mar 8, 2024 | |
| 2022 | Mar 15, 2023 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.