NASDAQ : FLGT
Fulgent Genetics, Inc. — Financial statements
Healthcare · Diagnostics & Research · United States
Last price 21.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 596.53M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Fulgent Genetics, Inc. (FLGT) reported revenue of 323.93M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 323.93M | 322.67M | 283.47M | 289.21M | 618.97M | 992.58M |
| Cost of Revenue | 208.67M | 191.80M | 176.25M | 184.76M | 252.07M | 215.53M |
| Gross Profit | 115.26M | 130.88M | 107.22M | 104.46M | 366.90M | 777.05M |
| Selling, General & Admin | 165.10M | 158.11M | 124.35M | 130.47M | 149.99M | 75.17M |
| Research & Development | 56.76M | 53.91M | 48.82M | 41.44M | 28.91M | 24.22M |
| Amortization of Goodwill & Intangibles | 8.69M | 8.03M | 7.96M | 7.84M | 6.50M | 1.71M |
| Operating Expenses | 230.55M | 220.05M | 181.13M | 179.75M | 185.40M | 101.10M |
| Operating Income | -115.29M | -89.17M | -73.92M | -75.30M | 181.50M | 675.95M |
| Interest Expense | -120.00K | -75.00K | -488.00K | -1.01M | -177.00K | |
| Interest & Investment Income | 29.86M | 30.92M | 31.30M | 21.61M | 5.62M | 338.00K |
| Other Non Operating Income (Expenses) | 87.00K | 153.00K | 731.00K | 320.00K | 887.00K | |
| EBT Excluding Unusual Items | -85.45M | -58.17M | -41.88M | -53.85M | 187.00M | 676.11M |
| Merger & Restructuring Charges | -4.82M | -1.92M | -2.98M | |||
| Impairment of Goodwill | -120.23M | |||||
| Gain (Loss) on Sale of Investments | 9.93M | 4.92M | ||||
| Asset Writedown | -12.10M | -9.93M | -10.07M | |||
| Pretax Income | -92.45M | -70.03M | -51.96M | -174.09M | 184.03M | 681.03M |
| Income Tax Expense | -6.98M | -8.39M | -8.14M | 1.15M | 42.10M | 174.79M |
| Earnings From Continuing Operations | -85.47M | -61.63M | -43.82M | -175.24M | 141.92M | 506.24M |
| Net Income to Company | -85.47M | -61.63M | -43.82M | -175.24M | 141.92M | 506.24M |
| Minority Interest in Earnings | 1.09M | 1.12M | 1.11M | 7.41M | 1.48M | 1.12M |
| Net Income | -84.38M | -60.51M | -42.71M | -167.82M | 143.40M | 507.36M |
| Net Income to Common | -84.38M | -60.51M | -42.71M | -167.82M | 143.40M | 507.36M |
| Shares Outstanding (Basic) | 30.15M | 30.78M | 30.23M | 29.78M | 30.10M | 29.41M |
| Shares Outstanding (Diluted) | 30.15M | 30.78M | 30.23M | 29.78M | 30.96M | 30.98M |
| EPS (Basic) | -2.80 | -1.97 | -1.41 | -5.63 | 4.76 | 17.25 |
| EPS (Diluted) | -2.81 | -1.97 | -1.41 | -5.63 | 4.63 | 16.38 |
| Free Cash Flow | -103.79M | -124.21M | -19.25M | 4.80M | 234.75M | 514.76M |
| Free Cash Flow Per Share | -3.44 | -4.04 | -0.64 | 0.16 | 7.58 | 16.62 |
| Gross Margin | 35.58% | 40.56% | 37.82% | 36.12% | 59.28% | 78.29% |
| Operating Margin | -35.59% | -27.64% | -26.08% | -26.03% | 29.32% | 68.10% |
| Profit Margin | -26.05% | -18.75% | -15.07% | -58.03% | 23.17% | 51.12% |
| Free Cash Flow Margin | -32.04% | -38.50% | -6.79% | 1.66% | 37.92% | 51.86% |
| EBITDA | -89.46M | -65.05M | -48.99M | -49.15M | 214.16M | 686.96M |
| EBITDA Margin | -27.62% | -20.16% | -17.28% | -16.99% | 34.60% | 69.21% |
| D&A For EBITDA | 25.83M | 24.12M | 24.93M | 26.14M | 32.66M | 11.00M |
| EBIT | -115.29M | -89.17M | -73.92M | -75.30M | 181.50M | 675.95M |
| EBIT Margin | -35.59% | -27.63% | -26.08% | -26.03% | 29.32% | 68.10% |
| Effective Tax Rate | 22.88% | 25.67% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 26.30M | 50.19M | 55.14M | 97.47M | 79.51M | 164.89M |
| Short-Term Investments | 230.73M | 285.88M | 202.96M | 326.68M | 446.73M | 285.61M |
| Cash & Short-Term Investments | 257.03M | 336.08M | 258.11M | 424.15M | 526.24M | 450.50M |
| Accounts Receivable | 64.94M | 84.76M | 69.02M | 51.13M | 52.75M | 139.15M |
| Other Receivables | 5.59M | 6.85M | 8.01M | 6.31M | 22.36M | 4.15M |
| Receivables | 70.53M | 91.61M | 77.03M | 57.45M | 75.11M | 143.29M |
| Prepaid Expenses | 4.98M | 5.10M | 6.63M | 7.74M | 6.81M | 4.24M |
| Other Current Assets | 121.44M | 117.70M | 11.81M | 18.50M | 19.71M | 13.92M |
| Total Current Assets | 454.77M | 550.49M | 353.57M | 507.85M | 627.87M | 611.96M |
| Property, Plant & Equipment | 120.44M | 117.85M | 111.72M | 95.62M | 98.92M | 71.16M |
| Long-Term Investments | 309.32M | 384.27M | 595.28M | 444.01M | 339.03M | 507.01M |
| Goodwill | 53.86M | 25.08M | 22.05M | 22.05M | 143.03M | 50.90M |
| Other Intangible Assets | 149.26M | 133.28M | 134.98M | 143.05M | 150.64M | 35.91M |
| Long-Term Deferred Tax Assets | 3.50M | 759.00K | ||||
| Other Long-Term Assets | 1.58M | 2.56M | 2.37M | 22.75M | 23.05M | 1.01M |
| Total Assets | 1.09B | 1.21B | 1.22B | 1.24B | 1.39B | 1.28B |
| Accounts Payable | 15.55M | 18.65M | 18.36M | 15.36M | 23.09M | 20.49M |
| Accrued Expenses | 21.47M | 32.23M | 22.44M | 26.24M | 17.91M | 15.52M |
| Short-Term Debt | 15.00M | 21.28M | ||||
| Current Portion of Long-Term Debt | 482.00K | 476.00K | 412.00K | 1.18M | 5.64M | |
| Current Portion of Leases | 2.04M | 1.82M | 1.84M | 4.50M | 7.08M | 2.17M |
| Current Income Taxes Payable | 787.00K | |||||
| Current Unearned Revenue | 3.40M | 3.63M | 2.23M | 2.87M | 3.20M | 14.57M |
| Other Current Liabilities | 28.81M | 28.14M | 27.61M | 22.86M | 16.20M | 30.49M |
| Total Current Liabilities | 71.76M | 84.97M | 72.90M | 73.02M | 88.11M | 105.31M |
| Long-Term Debt | 1.48M | 1.96M | 2.49M | 2.96M | ||
| Long-Term Leases | 5.61M | 3.78M | 4.48M | 7.91M | 10.61M | 6.74M |
| Long-Term Deferred Tax Liabilities | 6.89M | 6.94M | 6.37M | 7.96M | ||
| Other Long-Term Liabilities | 7.50M | 9.17M | 4.56M | 10.19M | 17.46M | 788.00K |
| Total Liabilities | 93.24M | 106.81M | 90.81M | 102.04M | 116.18M | 112.84M |
| Common Stock | 4.00K | 3.00K | 3.00K | 3.00K | 3.00K | 3.00K |
| Additional Paid-In Capital | 524.10M | 574.52M | 543.13M | 501.72M | 486.58M | 501.91M |
| Retained Earnings | 475.60M | 529.95M | 590.47M | 633.17M | 801.00M | 657.60M |
| Comprehensive Income & Other | 1.92M | 7.51M | -368.00K | 1.21M | -20.90M | -759.00K |
| Total Common Equity | 1.00B | 1.11B | 1.13B | 1.14B | 1.27B | 1.16B |
| Minority Interest | -5.63M | -5.27M | -4.07M | -2.81M | 3.19M | 7.13M |
| Shareholders' Equity | 995.99M | 1.11B | 1.13B | 1.13B | 1.27B | 1.17B |
| Total Liabilities & Equity | 1.09B | 1.21B | 1.22B | 1.24B | 1.39B | 1.28B |
| Total Debt | 9.60M | 8.04M | 9.23M | 16.55M | 38.33M | 30.20M |
| Net Cash (Debt) | 541.75M | 697.31M | 819.23M | 831.17M | 814.56M | 905.35M |
| Net Cash Per Share | 17.97 | 22.66 | 27.10 | 27.91 | 26.31 | 29.23 |
| Filing Date Shares Outstanding | 27.52M | 31.23M | 30.83M | 29.78M | 29.52M | 30.25M |
| Total Common Shares Outstanding | 27.52M | 31.08M | 30.84M | 29.65M | 29.44M | 30.16M |
| Working Capital | 383.01M | 465.52M | 280.67M | 434.83M | 539.77M | 506.65M |
| Book Value Per Share | 36.40 | 35.78 | 36.74 | 38.31 | 43.03 | 38.42 |
| Tangible Book Value | 798.50M | 953.63M | 976.20M | 970.99M | 973.01M | 1.07B |
| Tangible Book Value Per Share | 29.02 | 30.68 | 31.65 | 32.75 | 33.05 | 35.54 |
| Land | 17.35M | 17.35M | 17.35M | 8.80M | 7.50M | 7.50M |
| Buildings | 57.31M | 54.89M | 49.61M | 17.53M | 12.60M | 10.67M |
| Machinery | 85.90M | 80.71M | 76.07M | 73.65M | 71.97M | 51.22M |
| Leasehold Improvements | 4.50M | 4.47M | 3.32M | 11.22M | 11.80M | 4.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -84.38M | -60.51M | -42.71M | -167.82M | 143.40M | 507.36M |
| Depreciation & Amortization | 25.83M | 24.12M | 24.93M | 26.14M | 32.66M | 11.00M |
| Loss (Gain) From Sale of Assets | 9.00K | -3.00K | 320.00K | 305.00K | 502.00K | 850.00K |
| Asset Writedown & Restructuring Costs | 12.10M | 9.93M | 10.07M | 120.23M | ||
| Loss (Gain) From Sale of Investments | -13.75M | -5.17M | -4.56M | -3.32M | 5.46M | 8.78M |
| Loss (Gain) on Equity Investments | -3.73M | |||||
| Stock-Based Compensation | 37.51M | 39.58M | 44.48M | 42.92M | 32.64M | 15.88M |
| Provision & Write-off of Bad Debts | 7.84M | 7.65M | -1.73M | -880.00K | 32.60M | 8.93M |
| Other Operating Activities | -643.00K | 398.00K | -2.51M | 6.58M | 4.25M | -7.83M |
| Change in Accounts Receivable | 6.69M | -23.25M | -16.30M | 2.39M | 68.64M | 42.30M |
| Change in Accounts Payable | -3.00M | 550.00K | 3.07M | -6.90M | -25.34M | -12.21M |
| Change in Unearned Revenue | 731.00K | 1.40M | -639.00K | -325.00K | -11.50M | |
| Change in Income Taxes | -74.70M | -104.94M | 9.25M | 2.76M | -14.54M | -52.53M |
| Change in Other Net Operating Assets | 2.08M | 8.60M | -2.62M | 4.92M | -15.25M | 19.76M |
| Operating Cash Flow | -83.70M | -101.64M | 21.06M | 27.00M | 253.52M | 538.58M |
| Capital Expenditures | -20.09M | -22.57M | -40.31M | -22.21M | -18.77M | -23.81M |
| Sale of Property, Plant & Equipment | 11.00K | 5.00K | 313.00K | 775.00K | 412.00K | 63.00K |
| Cash Acquisitions | -51.79M | 3.77M | -399.00K | -182.68M | -61.87M | |
| Sale (Purchase) of Intangibles | -32.00K | |||||
| Investment in Securities | 163.85M | 130.16M | -18.35M | 60.73M | -60.27M | -460.90M |
| Investing Cash Flow | 91.98M | 111.37M | -58.35M | 38.90M | -261.31M | -546.55M |
| Short-Term Debt Repaid | -15.00M | |||||
| Long-Term Debt Repaid | -870.00K | -1.77M | -5.00M | -1.07M | -11.00K | |
| Total Debt Repaid | -828.00K | -870.00K | -1.77M | -20.00M | -1.07M | -11.00K |
| Net Debt Issued (Repaid) | -828.00K | -870.00K | -1.77M | -20.00M | -1.07M | -11.00K |
| Issuance of Common Stock | 12.00K | 1.00K | 51.00K | 3.00K | 31.00K | 89.56M |
| Repurchase of Common Stock | -69.22M | -13.92M | -3.12M | -27.79M | -76.11M | -4.16M |
| Other Financing Activities | 10.00K | |||||
| Financing Cash Flow | -70.04M | -14.79M | -4.85M | -47.78M | -77.14M | 85.41M |
| Foreign Exchange Rate Adjustments | 181.00K | 105.00K | -55.00K | -149.00K | -453.00K | 34.00K |
| Net Cash Flow | -61.58M | -4.95M | -42.19M | 17.97M | -85.39M | 77.47M |
| Free Cash Flow | -103.79M | -124.21M | -19.25M | 4.80M | 234.75M | 514.76M |
| Free Cash Flow Margin | -32.04% | -38.50% | -6.79% | 1.66% | 37.92% | 51.86% |
| Free Cash Flow Per Share | -3.44 | -4.04 | -0.64 | 0.16 | 7.58 | 16.62 |
| Levered Free Cash Flow | -90.90M | -121.57M | -25.57M | 24.38M | 197.70M | 454.95M |
| Unlevered Free Cash Flow | -90.83M | -121.53M | -25.57M | 24.69M | 198.33M | 455.06M |
| Cash Interest Paid | 100.00K | 52.00K | 512.00K | 960.00K | ||
| Cash Income Tax Paid | 65.36M | 96.44M | 27.59M | 3.26M | 56.19M | 237.07M |
| Change in Working Capital | -68.20M | -117.63M | -7.24M | 2.84M | 2.00M | -2.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 530.77M | 812.07M | 564.94M | 856.69M | 900.10M | 3.00B |
| Enterprise Value | -10.97M | 27.35M | -243.96M | 28.37M | 26.37M | 2.16B |
| Last Close Price | 19.29 | 26.27 | 18.47 | 28.91 | 29.78 | 100.59 |
| PE Ratio | 6.28 | 5.91 | ||||
| Forward PE | 247.16 | 247.16 | 247.16 | 247.16 | 13.80 | |
| PS Ratio | 1.64 | 2.52 | 1.99 | 2.96 | 1.45 | 3.02 |
| PB Ratio | 0.53 | 0.73 | 0.50 | 0.76 | 0.71 | 2.57 |
| P/TBV Ratio | 0.66 | 0.85 | 0.58 | 0.88 | 0.93 | 2.80 |
| P/FCF Ratio | 178.63 | 3.83 | 5.83 | |||
| P/OCF Ratio | 26.82 | 31.73 | 3.55 | 5.57 | ||
| PEG Ratio | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | |
| EV/Sales Ratio | 0.09 | 0.10 | 0.04 | 2.18 | ||
| EV/EBITDA Ratio | 0.12 | 3.14 | ||||
| EV/EBIT Ratio | 0.14 | 3.19 | ||||
| EV/FCF Ratio | 5.91 | 0.11 | 4.20 | |||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.03 |
| Debt / EBITDA Ratio | 0.17 | 0.04 | ||||
| Debt / FCF Ratio | 3.45 | 0.16 | 0.06 | |||
| Net Debt / Equity Ratio | -0.54 | -0.63 | -0.73 | -0.73 | -0.64 | -0.78 |
| Net Debt / EBITDA Ratio | 6.06 | 10.72 | 16.72 | 16.91 | -3.80 | -1.32 |
| Net Debt / FCF Ratio | 5.22 | 5.61 | 42.55 | -173.31 | -3.47 | -1.76 |
| Asset Turnover | 0.28 | 0.27 | 0.23 | 0.22 | 0.47 | 1.00 |
| Quick Ratio | 4.57 | 5.03 | 4.60 | 6.60 | 6.83 | 5.64 |
| Current Ratio | 6.34 | 6.48 | 4.85 | 6.96 | 7.13 | 5.81 |
| Return on Equity (ROE) | -8.11% | -5.51% | -3.87% | -14.58% | 11.65% | 58.35% |
| Return on Assets (ROA) | -6.30% | -4.58% | -3.76% | -3.59% | 8.51% | 42.69% |
| Return on Invested Capital (ROIC) | -15.10% | -10.75% | -9.21% | -9.99% | 18.33% | 97.45% |
| Return on Capital Employed (ROCE) | -11.30% | -7.90% | -6.40% | -6.50% | 14.00% | 57.60% |
| Earnings Yield | -14.56% | -7.45% | -7.56% | -19.59% | 15.93% | 16.91% |
| FCF Yield | -19.55% | -15.30% | -3.41% | 0.56% | 26.08% | 17.16% |
| Buyback Yield / Dilution | 1.51% | -1.79% | -1.51% | 3.81% | 0.04% | -28.77% |