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Other financials

Income statement

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Revenue$71.1M-3.2%
Gross profit$21.5M-24.2%
Operating income-$34.6M-74.9%
Net income-$24.8M-115%
EPS (diluted)-$0.80-116%

Balance sheet

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Cash & equivalents$23.4M-65.2%
Total debt$8.2M+40.5%
Total equity$1.0B-6.9%
Total assets$1.2B-4.1%

Cash flow

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Operating cash flow$7.1M+260%
CapEx$5.2M+10.3%
Free cash flow$1.9M+121%

Valuation

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Market cap$526.64M-16.5%
Enterprise value$511.45M-6.7%
P/S1.6×-0.4×

Profitability

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Gross margin38.7%-0.1pp
Operating margin-33.1%+17.4pp
Net margin-23%+43.3pp
FCF margin-36.9%

Returns & leverage

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Return on equity-6.8%+48.2pp
Debt / equity0.0×
Current ratio5.3×-1.0×

Where this comes from

Reported directly by Fulgent Genetics, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The source filing: Fulgent Genetics, Inc.’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 7:08 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-199065
Line itemMarch 31, 2026December 31, 2025
Accounts payable$21,125$18,654
Accrued liabilities34,90134,057
Customer deposit30,61928,145
Contract liabilities3,0073,635
Notes payable, current482476
Total current liabilities90,13484,967
Deferred tax liabilities6,9826,936
Unrecognized tax benefits5,7277,283

Item 1. Financial Statements.

FAQ

What is Fulgent Genetics, Inc.'s deferred revenue?
Fulgent Genetics, Inc. (FLGT) reported deferred revenue of $3.01M in Q1 2026.
How has Fulgent Genetics, Inc.'s deferred revenue changed year-over-year?
Fulgent Genetics, Inc.'s deferred revenue increased by 6.7% year-over-year, from $2.82M to $3.01M.
What is the long-term trend for Fulgent Genetics, Inc.'s deferred revenue?
Over 5 years (2020 to 2025), Fulgent Genetics, Inc.'s deferred revenue has grown at a -32.8% compound annual growth rate (CAGR), from $26.58M to $3.64M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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