Fulgent Genetics, Inc. logo

Fulgent Genetics, Inc.

FLGT

NASDAQHealthcareMedical - Diagnostics & Research

Previous close

$19.90

−$0.02 · -0.10%

Aug 21, 4:00 PM ET

FLGT company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

49

Fair Value

Momentum

43

Neutral

Sentiment

43

Mixed

Risk resilience

50

Elevated Risk

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Company profile

Company website

Fulgent Genetics, Inc., together with its affiliated companies, offers a comprehensive suite of COVID-19, molecular diagnostic, and genetic testing services to healthcare providers and individuals globally. Their diverse array of genetic tests covers a wide range of applications, including extensive oncology panels and solid tumor molecular profiling for cancer identification, Beacon carrier screening for inherited conditions, and specialized rapid whole genome testing for critically ill infants in NICU and PICU units. Other offerings include a newborn genetic analysis panel, a front-line test to sequence ataxia-related variants, and patient-initiated genetic testing via Picture Genetics. They also provide comprehensive whole exome, clinical exome, whole genome, mutation, and repeat expansion testing, alongside research service tests. For COVID-19, the company delivers next-generation sequencing, reverse transcription polymerase chain reaction (RT-PCR), and antigen-based diagnostic solutions for SARS-CoV-2. Beyond genetic and COVID-19 diagnostics, Fulgent Genetics performs advanced laboratory analyses such as flow cytometry for cell analysis and malignancy monitoring, fluorescence in-situ hybridization (FISH) for specific DNA sequence detection, immunohistochemistry (IHC) to visualize cellular antigens, and cytogenetics for assessing chromosomal anomalies, in addition to molecular testing for both hematopoietic and solid tumors. Their clientele is broad, including insurance companies, hospitals, medical institutions, fellow laboratories, government agencies, payors, municipal bodies, major corporations, and direct patients. The company has formed a strategic partnership with Helio Health, Inc. to commercialize blood-based early cancer detection tests. Founded in 2011 and headquartered in Temple City, California, the company was previously known as Fulgent Diagnostics, Inc. before adopting its current name in August 2016.

Industry
Medical - Diagnostics & Research
Sector
Healthcare
Headquarters
US
CEO
Ming Hsieh
Listed since
Sep 29, 2016
Employees
1,315

Market position

Day range

Current $19.90

52-week range

Current $19.90

Open
$19.835
Previous close
$19.92
Volume
323.97K
0.81× average
Average volume
399.64K
Average daily volume
Market cap
565.17M USD
Beta
0.91
Market reference 1
50-day average
$19.425
+2.45% above average
200-day average
$21.0452
-5.44% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
766M USD
P/E (TTM)
-7.06×
P/B (TTM)
0.56×
P/S (TTM)
1.74×
EV / EBITDA
-16.71×
Earnings yield
-7.48%
Free cash flow yield
-15.36%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
35.58%
Operating margin
-37.08%
Net margin
-26.05%
Return on equity
-5.44%
Return on assets
-4.99%
Return on invested capital
-7.09%

Financial health

Debt / equity
0.01×
Current ratio
6.48×
Altman Z-score
4.69
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends93%35%-24%-82%Gross margin, FY2021: 78.29%Gross margin, FY2022: 59.28%Gross margin, FY2023: 36.12%Gross margin, FY2024: 37.82%Gross margin, FY2025: 40.56%Operating margin, FY2021: 68.10%Operating margin, FY2022: 28.84%Operating margin, FY2023: -67.61%Operating margin, FY2024: -26.08%Operating margin, FY2025: -28.23%Net margin, FY2021: 51.12%Net margin, FY2022: 23.17%Net margin, FY2023: -58.03%Net margin, FY2024: -15.07%Net margin, FY2025: -18.75%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 78.29%. Gross margin FY2022 59.28%. Gross margin FY2023 36.12%. Gross margin FY2024 37.82%. Gross margin FY2025 40.56%. Operating margin FY2021 68.10%. Operating margin FY2022 28.84%. Operating margin FY2023 -67.61%. Operating margin FY2024 -26.08%. Operating margin FY2025 -28.23%. Net margin FY2021 51.12%. Net margin FY2022 23.17%. Net margin FY2023 -58.03%. Net margin FY2024 -15.07%. Net margin FY2025 -18.75%.

Income trends

Revenue

322.67M USD+13.83%

Operating income

−91.1M USD-23.24%

Net income

−60.51M USD-41.69%
Income trends across reported periods1.11B USD636.15M USD160.9M USD−314.34M USDRevenue, FY2021: 992.58M USDRevenue, FY2022: 618.97M USDRevenue, FY2023: 289.21M USDRevenue, FY2024: 283.47M USDRevenue, FY2025: 322.67M USDOperating income, FY2021: 675.95M USDOperating income, FY2022: 178.53M USDOperating income, FY2023: −195.53M USDOperating income, FY2024: −73.92M USDOperating income, FY2025: −91.1M USDNet income, FY2021: 507.36M USDNet income, FY2022: 143.4M USDNet income, FY2023: −167.83M USDNet income, FY2024: −42.71M USDNet income, FY2025: −60.51M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 992.58M USD. Revenue FY2022 618.97M USD. Revenue FY2023 289.21M USD. Revenue FY2024 283.47M USD. Revenue FY2025 322.67M USD. Operating income FY2021 675.95M USD. Operating income FY2022 178.53M USD. Operating income FY2023 −195.53M USD. Operating income FY2024 −73.92M USD. Operating income FY2025 −91.1M USD. Net income FY2021 507.36M USD. Net income FY2022 143.4M USD. Net income FY2023 −167.83M USD. Net income FY2024 −42.71M USD. Net income FY2025 −60.51M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue322.67M USD283.47M USD289.21M USD618.97M USD992.58M USD
Cost of goods sold191.8M USD176.26M USD184.76M USD252.07M USD215.53M USD
Gross profit130.88M USD107.22M USD104.46M USD366.9M USD777.05M USD
Research and development53.91M USD48.82M USD41.44M USD28.91M USD24.22M USD
Selling, general, and administrative160.04M USD124.35M USD130.47M USD149.99M USD75.17M USD
Operating expenses221.97M USD181.13M USD299.99M USD188.37M USD101.1M USD
Interest income30.92M USD31.3M USD21.61M USD5.62M USD1.35M USD
Interest expense75K USD170K USD488K USD1.01M USD
Depreciation and amortization24.12M USD24.93M USD26.14M USD32.66M USD11M USD
Operating income−91.1M USD−73.92M USD−195.53M USD178.53M USD675.95M USD
Net income−60.51M USD−42.71M USD−167.83M USD143.4M USD507.36M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+148.04%
11 comparable reports
Latest EPS result
-0.58
Estimate -0.46 · Miss by 26.09%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.22-0.09-0.4-0.71Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 28, 2025: actual 0.04, estimate -0.31, surprise +112.90%, Beat. Q2 2025, reported May 2, 2025: actual 0.04, estimate -0.19, surprise +121.05%, Beat. Q3 2025, reported Aug 1, 2025: actual 0.07, estimate -0.23, surprise +130.43%, Beat. Q4 2025, reported Nov 7, 2025: actual 0.14, estimate -0.24, surprise +158.33%, Beat. Q1 2026, reported Feb 27, 2026: actual 0.16, estimate 0.03, surprise +433.33%, Beat. Q2 2026, reported May 1, 2026: actual -0.36, estimate -0.348, surprise -3.40%, Miss. Q3 2026, reported Jul 30, 2026: actual -0.58, estimate -0.46, surprise -26.09%, Miss. Q4 2026, reported Nov 6, 2026: actual —, estimate -0.65, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates97.76M86.62M75.48M64.33MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 28, 2025: actual 76.21M USD, estimate 75.39M USD, surprise +1.09%, Beat. Q2 2025, reported May 2, 2025: actual 73.46M USD, estimate 76.98M USD, surprise -4.57%, Miss. Q3 2025, reported Aug 1, 2025: actual 81.8M USD, estimate 81.43M USD, surprise +0.46%, Beat. Q4 2025, reported Nov 7, 2025: actual 84.07M USD, estimate 85.38M USD, surprise -1.54%, Miss. Q1 2026, reported Feb 27, 2026: actual 83.34M USD, estimate 85.38M USD, surprise -2.39%, Miss. Q2 2026, reported May 1, 2026: actual 71.14M USD, estimate 68.09M USD, surprise +4.47%, Beat. Q3 2026, reported Jul 30, 2026: actual 85.39M USD, estimate 94M USD, surprise -9.16%, Miss. Q4 2026, reported Nov 6, 2026: actual —, estimate 86.3M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$19.00

4.52% downside
Past 12 months12-month forecastHigh $19.00Average $19.00Low $19.00

Recent analyst actions

3 institutions
UBSupgradeNeutralBuy
Raymond JamesmaintainOutperform

FLGT peers

ETFs holding FLGT

Funds reporting this stock among their holdings, ordered by reported position size.

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