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Fulgent Genetics, Inc. FLGT Therapeutic Development — Operating Income

Other segment segments

Laboratory Services
-$15.22M-407%

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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:OperatingIncomeLoss.

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
Three Months Ended March 31, 2026Laboratory ServicesTherapeutic DevelopmentTotal
Revenue$71,051$87$71,138
Less:
Adjusted cost of revenue48,179848,187
Adjusted research and development6,4614,17810,639
Adjusted selling and marketing11,57611,576
Adjusted general and administrative20,05235720,409
Total adjusted operating loss$(15,217)$(4,456)$(19,673)

Item 1. Financial Statements.

FAQ

What is Fulgent Genetics, Inc.'s therapeutic development — operating income?
Fulgent Genetics, Inc. (FLGT) reported therapeutic development — operating income of -$4.46M in Q1 2026.
How has Fulgent Genetics, Inc.'s therapeutic development — operating income changed year-over-year?
Fulgent Genetics, Inc.'s therapeutic development — operating income decreased by 4.8% year-over-year, from -$4.25M to -$4.46M.
What does therapeutic development — operating income mean?
This is the net result of the therapeutic development segment's operations, calculated by subtracting operating expenses from segment revenue. It serves as the primary measure of the segment's operational profitability and financial performance.

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