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Fulgent Genetics, Inc. FLGT Unrecognized Tax Benefits Operating Activities

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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$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 flgt:UnrecognizedTaxBenefitsOperatingActivities.

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 unrecognized tax benefits operating activities?
Fulgent Genetics, Inc. (FLGT) reported unrecognized tax benefits operating activities of -$199K in Q1 2026.
How has Fulgent Genetics, Inc.'s unrecognized tax benefits operating activities changed year-over-year?
Fulgent Genetics, Inc.'s unrecognized tax benefits operating activities decreased by 45.3% year-over-year, from -$137K to -$199K.
What is the long-term trend for Fulgent Genetics, Inc.'s unrecognized tax benefits operating activities?
Over 2 years (2021 to 2025), Fulgent Genetics, Inc.'s unrecognized tax benefits operating activities has grown at a 64.0% compound annual growth rate (CAGR), from -$348K to -$936K.
What does unrecognized tax benefits operating activities mean?
This reflects the change in liabilities associated with uncertain tax positions that do not meet the threshold for recognition in the financial statements. It indicates the impact of tax-related contingencies on operating cash flow. Monitoring this helps assess the company's tax risk profile and potential future cash outflows related to tax audits.