What is Fulgent Genetics, Inc.'s free cash flow margin?

Fulgent Genetics, Inc. (FLGT) reported free cash flow margin of -36.9% in Q1 2026.

What is the long-term trend for Fulgent Genetics, Inc.'s free cash flow margin?

Over 4 years (2020 to 2025), Fulgent Genetics, Inc.'s free cash flow margin has grown at a 12.5% compound annual growth rate (CAGR), from 25% to -40.1%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Fulgent Genetics, Inc. FLGT Free cash flow margin

Free cash flow margin at other companies

Bristol-Myers SquibbBMY

24.6%-2.9pp

Labcorp HoldingsLH

9.8%+1.0pp

Quest DiagnosticsDGX

11.8%+1.4pp

NeoGenomicsNEO

-4.9%—

Natera, Inc.NTRA

4.2%-0.5pp

Tempus AI, Inc.TEM

-54.5%—

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$552.11M-7.1%

Enterprise value$536.92M+0.7%

P/S1.7×-0.3×

Profitability

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Gross margin38.7%-0.1pp

Operating margin-33.1%+17.4pp

Net margin-23%+43.3pp

Returns & leverage

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Return on equity-6.8%+48.2pp

Debt / equity0×0.0×

Current ratio5.3×-1.0×

Where this comes from

Calculated from Fulgent Genetics, Inc.’s reported figures.

free cash flow/total revenue=-36.9%

Based on trailing twelve months.

The official record: Fulgent Genetics, Inc.’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fulgent Genetics, Inc.'s free cash flow margin?: Fulgent Genetics, Inc. (FLGT) reported free cash flow margin of -36.9% in Q1 2026.
What is the long-term trend for Fulgent Genetics, Inc.'s free cash flow margin?: Over 4 years (2020 to 2025), Fulgent Genetics, Inc.'s free cash flow margin has grown at a 12.5% compound annual growth rate (CAGR), from 25% to -40.1%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.