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Other financials

Income statement

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Revenue$71.1M-3.2%
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

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

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 itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenue$71,138$73,463
Cost of revenue49,64845,117
Gross profit21,49028,346
Operating expenses
Research and development14,17612,395
Selling and marketing12,2218,465
General and administrative27,68425,291
Amortization of intangible assets2,0311,990

Item 1. Financial Statements.

FAQ

What is Fulgent Genetics, Inc.'s gross profit?
Fulgent Genetics, Inc. (FLGT) reported gross profit of $21.49M in Q1 2026.
How has Fulgent Genetics, Inc.'s gross profit changed year-over-year?
Fulgent Genetics, Inc.'s gross profit decreased by 24.2% year-over-year, from $28.35M to $21.49M.
What is the long-term trend for Fulgent Genetics, Inc.'s gross profit?
Over 4 years (2021 to 2025), Fulgent Genetics, Inc.'s gross profit has grown at a -35.9% compound annual growth rate (CAGR), from $777.05M to $130.88M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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