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FLGTFulgent Genetics, Inc.
$23.74$674M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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FLGT logo

Fulgent Genetics, Inc.

FLGT
NASDAQ · Diagnostics & Lab Testing
$23.74
At close - Nov 6, 4:00 PM EST - USD
Market Cap$674M
P/E-7.2x
52W High$31.04
Volume1.1M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Cash Burn Accelerates as Margins Erode and Liquidity Dwindles

Fulgent Genetics faces a challenging outlook as its core testing business exhibits inconsistent revenue growth and severe margin compression, with gross margins falling 1,210 basis points from 42.2% in 2025Q3 to 30.1% in 2026Q2.

GrowthMixed
ProfitabilityStrained
ValuationReview
TechnicalsHealthy
Explore valuation models
MARKET ACTION

FLGT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-123% Peers

P/E is 123% below peer median

03

Market leadership

RS 93 · Leader

High momentum (Outperforming 93% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Feb 5

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FLGT-7.23%
S&P 500 (^GSPC)+7.63%
1-Year Return
FLGT+6.41%
S&P 500 (^GSPC)+9.69%
3-Year Return
FLGT-12.50%
S&P 500 (^GSPC)+102.12%
5-Year Return
FLGT-70.45%
S&P 500 (^GSPC)+85.04%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-7.2x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-7.2x
6.4x
0th· Low
EV/EBITDA
N/A
4.3x
N/A
Price/FCF
N/A
6.1x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$323M+13.8% YoY
Net income FY25
-$61M-41.7% YoY
Free cash flow FY25
-$124M-545.1% YoY
Operating margin FY25
-28.2%-2.2 pts YoY
ROIC (FY25)-6.4%
Avg ROIC 5Y10.8%
ROE (TTM)-8.8%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
-$0.09+86.2%
vs -$0.65
$90M+4.8%
vs $86M
Q3 2026
Jul 30, 2026
-$0.58-26.1%
vs -$0.46
$85M-9.2%
vs $94M
Q2 2026
May 1, 2026
-$0.36-3.4%
vs -$0.35
$71M+4.5%
vs $68M
Q1 2026
Feb 27, 2026
$0.16+433.3%
vs $0.03
$83M-2.4%
vs $85M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·1d ago
Fulgent Genetics, Inc. (FLGT) Q3 2026 Earnings Call Transcript

Fulgent Genetics, Inc. ( FLGT ) Q3 2026 Earnings Call November 5, 2026 4:30 PM EST Company Participants Ming Hsieh - Chairman & CEO Brandon Perthuis - Chief Commercial Officer Paul Kim - Chief Financial Officer Conference Call Participants Lauren Sloane - The Blueshirt Group, LLC Karan Patel - Piper Sandler & Co., Research Division Presentation Operator Good afternoon, ladies and gentlemen, and welcome to the Fulgent Genetics Q3 2026 Conference Call and Webcast Call. [Operator Instructions] This call is being recorded on Thursday, November 5, 2026.

MarketBeat·2d ago
What Fulgent Genetics (FLGT) Said on Its Q3 Earnings Call

Fulgent Genetics NASDAQ: FLGT reported third-quarter revenue of $90.4 million, up 8% from a year earlier, as contributions from Bako Diagnostics and StrataDx and improving collections helped lift results. The company reaffirmed its full-year revenue forecast and narrowed its projected loss.

Zacks Investment Research·2d ago
Fulgent Genetics, Inc. (FLGT) Reports Q3 Loss, Beats Revenue Estimates

Fulgent Genetics, Inc. (FLGT) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.65. This compares to earnings of $0.14 per share a year ago.

Business Wire·2d ago
Fulgent Reports Third Quarter 2026 Financial Results

EL MONTE, Calif.--(BUSINESS WIRE)--Fulgent Genetics, Inc. (NASDAQ: FLGT) (“Fulgent,” or the “Company”), a technology-based company with a well-established laboratory services business and a therapeutic development business, today announced financial results for its third quarter ended September 30, 2026. Third Quarter 2026 Results: Revenue of $90.4 million GAAP loss of $13.2 million, or $(0.48) per share Non-GAAP loss of $2.4 million, or $(0.09) per share Adjusted EBITDA loss of $7.5 million No.

Filtered for Fulgent Genetics, Inc.More Headlines
04

Compare before deciding

Benchmark FLGT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Fulgent Genetics, Inc. (FLGT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FLGT logoFLGTFulgent Genetics, Inc.Current
$23.74$674.23M-7.2213.83%-27.53%-8.8%—
NTRA logoNTRANatera, Inc.
$310.67$44.49B-271.7335.9%-5.66%-9.18%—
PACB logoPACBPacific Biosciences of California, Inc.
$2.26$701.96M-5.363.89%-81.31%-2618.51%—
LH logoLHLabcorp Holdings Inc.
$366.57$30.06B29.797.25%6.88%11.52%0.78%
DGX logoDGXQuest Diagnostics Incorporated
$255.63$28.21B25.3611.78%9.53%14.66%1.22%
MYRG logoMYRGMYR Group Inc.
$262.91$4.09B21.398.79%4.48%26.32%—

Compare FLGT vs Peers

Fulgent Genetics, Inc. (FLGT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NTRA

Most directly comparable listed peer for FLGT.

Scale Benchmark

vs TMO

Larger-name benchmark to compare FLGT against a more recognizable public peer.

Peer Set

Compare Top 5

vs NTRA, PACB, LH, DGX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FLGT SEC Filings & Documents

Fulgent Genetics, Inc. (FLGT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jun 2, 2026·SEC

Material company update

May 21, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 30, 2026·SEC

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 1, 2025·SEC

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FLGT Frequently Asked Questions

Fulgent Genetics, Inc. (FLGT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Fulgent Genetics, Inc.'s revenue?

Fulgent Genetics, Inc. (FLGT) reported $330.3M in revenue over the trailing twelve months. Revenue was $322.7M in fiscal year 2025. That is 25148% more than the $1.3M of fiscal year 2014.

How fast is Fulgent Genetics, Inc. growing?

Fulgent Genetics, Inc. (FLGT) grew revenue by 4.7% over the trailing twelve months, compared with the twelve months before.

Is FLGT profitable?

No. Fulgent Genetics, Inc. (FLGT) reported a net loss of $90.9M over the trailing twelve months.

Dividend & Returns
What is FLGT's return on equity?

Fulgent Genetics, Inc. (FLGT) had a return on equity (ROE) of -8.8% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Fulgent Genetics, Inc.'s free cash flow?

Fulgent Genetics, Inc. (FLGT) had negative free cash flow of $1.4M over the trailing twelve months.

What if you invested $1,000 in FLGT back in 2014?

Total return calculator · dividends reinvested · 12+ years of data

See returns →