What is Fulgent Genetics, Inc.'s R&D?

Fulgent Genetics, Inc. (FLGT) reported R&D of $14.18M in Q1 2026.

How has Fulgent Genetics, Inc.'s R&D changed year-over-year?

Fulgent Genetics, Inc.'s R&D increased by 14.4% year-over-year, from $12.4M to $14.18M.

What is the long-term trend for Fulgent Genetics, Inc.'s R&D?

Over 4 years (2021 to 2025), Fulgent Genetics, Inc.'s R&D has grown at a 22.1% compound annual growth rate (CAGR), from $24.22M to $53.91M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Fulgent Genetics, Inc. FLGT R&D

R&D at other companies

Bristol-Myers SquibbBMY

$2.65B+17.4%

NeoGenomicsNEO

$9.53M-6.4%

Natera, Inc.NTRA

$210.7M+63.2%

Tempus AI, Inc.TEM

$48.24M+34.5%

GeneDx HoldingsWGS

$19.8M+57.5%

Personalis, Inc.PSNL

$14.54M+15.0%

Segments

By segment

See full

Laboratory Services$6.46M+31.0%

Therapeutic Development$4.18M+4.7%

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

See full

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

See full

Operating cash flow$7.1M+260%

CapEx$5.2M+10.3%

Free cash flow$1.9M+121%

Valuation

See full

Market cap$552.11M-7.1%

Enterprise value$536.92M+0.7%

P/S1.7×-0.3×

Profitability

See full

Gross margin38.7%-0.1pp

Operating margin-33.1%+17.4pp

Net margin-23%+43.3pp

FCF margin-36.9%—

Returns & leverage

See full

Return on equity-6.8%+48.2pp

Debt / equity0×0.0×

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:ResearchAndDevelopmentExpense.

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 R&D?: Fulgent Genetics, Inc. (FLGT) reported R&D of $14.18M in Q1 2026.
How has Fulgent Genetics, Inc.'s R&D changed year-over-year?: Fulgent Genetics, Inc.'s R&D increased by 14.4% year-over-year, from $12.4M to $14.18M.
What is the long-term trend for Fulgent Genetics, Inc.'s R&D?: Over 4 years (2021 to 2025), Fulgent Genetics, Inc.'s R&D has grown at a 22.1% compound annual growth rate (CAGR), from $24.22M to $53.91M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.