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Segments

By segment

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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

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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:ResearchAndDevelopmentExpense.

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
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
Total operating expenses56,11248,141

Item 1. Financial Statements.

FAQ

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.

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