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Segments

By segment

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Laboratory Services-$15.22M-407%
Therapeutic Development-$4.46M-4.8%

Other financials

Income statement

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Revenue$71.1M-3.2%
Gross profit$21.5M-24.2%
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
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 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 operating income?
Fulgent Genetics, Inc. (FLGT) reported operating income of -$34.62M in Q1 2026.
How has Fulgent Genetics, Inc.'s operating income changed year-over-year?
Fulgent Genetics, Inc.'s operating income decreased by 74.9% year-over-year, from -$19.8M to -$34.62M.
What is the long-term trend for Fulgent Genetics, Inc.'s operating income?
Over 4 years (2021 to 2025), Fulgent Genetics, Inc.'s operating income has grown at a -39.4% compound annual growth rate (CAGR), from $675.95M to -$91.1M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.