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About

Fulgent Genetics, Inc. provides clinical diagnostic and therapeutic development solutions to physicians and patients in the United States and internationally. The company's clinical diagnostic solutions include molecular diagnostic testing; genetic testing; anatomic pathology laboratory tests and testing services, such as gastrointestinal pathology, dermatopathology, urologic pathology, breast pathology, neuropathology, and hematopathology; oncology tests and testing services; and sequencer services related to hereditary cancer, reproductive health, and other diseases. Its therapeutic development solutions focus on developing drug candidates for treating a range of cancers using a nanoencapsulation and targeted therapy platform to enhance the therapeutic window and pharmacokinetic profile of new and existing cancer drugs. The company operates picture genetics platform, which includes gene probes, data suppression and comparison algorithms, adaptive learning software, and proprietary laboratory information management systems that helps customers to identify health markers in their personal DNA. It serves insurance, hospitals, medical institutions, other laboratories, governmental bodies, payors, municipalities and large corporations, and patients. The company was formerly known as Fulgent Diagnostics, Inc. and changed its name to Fulgent Genetics, Inc. in August 2016. The company was founded in 2011 and is headquartered in El Monte, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Diagnostics & Research Market Cap 713.77M
Enterprise Value 340.82M Income -42.98M Sales 315.55M
Book/sh 36.49 Cash/sh 12.16 Dividend Yield —
Payout 0.00% Employees 1313 IPO —
P/E — Forward P/E -72.14 PEG —
P/S 2.26 P/B 0.63 P/C —
EV/EBITDA -7.28 EV/Sales 1.08 Quick Ratio 6.28
Current Ratio 7.00 Debt/Eq 0.71 LT Debt/Eq —
EPS (ttm) -1.40 EPS next Y -0.32 EPS Growth —
Revenue Growth 17.20% Earnings 2026-02-27 ROA -3.62%
ROE -3.92% ROIC — Gross Margin 41.24%
Oper. Margin -18.26% Profit Margin -13.62% Shs Outstand 30.91M
Shs Float 20.42M Short Float 9.93% Short Ratio 8.68
Short Interest — 52W High 31.04 52W Low 14.57
Beta 0.87 Avg Volume 210.96K Volume 267.64K
Target Price $33.67 Recom None Prev Close $23.01
Price $23.09 Change 0.35%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$33.67
Mean price target
2. Current target
$23.09
Latest analyst target
3. DCF / Fair value
$-11.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$23.09
Low
$30.00
High
$36.00
Mean
$33.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-11 main Piper Sandler Neutral → Neutral $30
2025-08-05 up UBS Neutral → Buy $30
2025-08-04 main Piper Sandler Neutral → Neutral $21
2025-05-06 main Piper Sandler Neutral → Neutral $23
2025-05-05 reit Raymond James Outperform → Outperform $25
2025-03-04 main Piper Sandler Neutral → Neutral $16
2024-11-11 main Piper Sandler Neutral → Neutral $22
2024-03-06 main Piper Sandler Neutral → Neutral $25
2023-12-07 init UBS — → Neutral $35
2023-10-16 main Piper Sandler Neutral → Neutral $28
2023-03-02 main Credit Suisse — → Outperform $45
2022-12-08 down Piper Sandler Overweight → Neutral $40
2022-11-18 init Raymond James — → Outperform $45
2022-11-14 main Credit Suisse — → Outperform $50
2022-11-14 main Piper Sandler — → Overweight $65
2022-08-25 init Credit Suisse — → Outperform $65
2022-05-16 main Piper Sandler — → Overweight $70
2022-01-25 main Oppenheimer — → Outperform $125
2021-08-10 main Credit Suisse — → Underperform $65
2021-03-05 main Piper Sandler — → Overweight $140
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1140 32298 — Sale at price 28.33 per share. XIE JIAN President — 2025-12-02 00:00:00 D
1 1075 30457 — Sale at price 28.33 per share. GAO HANLIN Officer — 2025-12-02 00:00:00 D
2 1198 35424 — Sale at price 29.57 per share. XIE JIAN President — 2025-11-28 00:00:00 D
3 943 27884 — Sale at price 29.57 per share. GAO HANLIN Officer — 2025-11-28 00:00:00 D
4 681 20752 — Sale at price 30.47 per share. XIE JIAN President — 2025-11-24 00:00:00 D
5 535 16303 — Sale at price 30.47 per share. GAO HANLIN Officer — 2025-11-24 00:00:00 D
6 10000 — — Stock Gift at price 0.00 per share. XIE JIAN President — 2025-11-19 00:00:00 D
7 10000 290983 — Sale at price 29.10 per share. XIE JIAN President — 2025-11-19 00:00:00 D
8 1128 24846 — Sale at price 22.03 per share. XIE JIAN President — 2025-09-03 00:00:00 D
9 1063 23414 — Sale at price 22.03 per share. GAO HANLIN Officer — 2025-09-03 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-1.62M-25.25M-675.33K0.00
TaxRateForCalcs0.160.210.230.26
NormalizedEBITDA-38.92M-27.22M220.68M686.96M
TotalUnusualItems-10.07M-120.23M-2.98M0.00
TotalUnusualItemsExcludingGoodwill-10.07M-120.23M-2.98M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-42.71M-167.82M143.40M507.36M
ReconciledDepreciation24.93M26.14M32.66M11.00M
ReconciledCostOfRevenue159.29M166.46M225.90M206.24M
EBITDA-48.99M-147.45M217.70M686.96M
EBIT-73.92M-173.60M185.04M675.95M
NetInterestIncome31.47M21.12M4.61M1.35M
InterestExpense488.00K1.01M
InterestIncome31.47M21.61M5.62M1.35M
NormalizedIncome-34.26M-72.84M145.70M507.36M
NetIncomeFromContinuingAndDiscontinuedOperation-42.71M-167.82M143.40M507.36M
TotalExpenses357.39M364.51M437.47M316.63M
TotalOperatingIncomeAsReported-73.92M-195.53M178.53M675.95M
DilutedAverageShares30.23M29.78M30.96M30.98M
BasicAverageShares30.23M29.78M30.10M29.41M
DilutedEPS-1.41-5.634.6316.38
BasicEPS-1.41-5.634.7617.25
DilutedNIAvailtoComStockholders-42.71M-167.82M143.40M507.36M
NetIncomeCommonStockholders-42.71M-167.82M143.40M507.36M
NetIncome-42.71M-167.82M143.40M507.36M
MinorityInterests1.11M7.41M1.48M1.12M
NetIncomeIncludingNoncontrollingInterests-43.82M-175.24M141.92M506.24M
NetIncomeContinuousOperations-43.82M-175.24M141.92M506.24M
EarningsFromEquityInterestNetOfTax0.000.003.73M
TaxProvision-8.14M1.15M42.10M174.79M
PretaxIncome-51.96M-174.09M184.03M677.30M
OtherIncomeExpense-9.51M-119.91M-2.09M
OtherNonOperatingIncomeExpenses561.00K320.00K887.00K
SpecialIncomeCharges-10.07M-120.23M-2.98M0.00
WriteOff10.07M0.000.00
ImpairmentOfCapitalAssets0.00120.23M0.000.00
RestructuringAndMergernAcquisition0.000.002.98M0.00
NetNonOperatingInterestIncomeExpense31.47M21.12M4.61M1.35M
InterestExpenseNonOperating488.00K1.01M
InterestIncomeNonOperating31.47M21.61M5.62M1.35M
OperatingIncome-73.92M-75.30M181.50M675.95M
OperatingExpense181.13M179.75M185.40M101.10M
DepreciationAmortizationDepletionIncomeStatement7.96M7.84M6.50M1.71M
DepreciationAndAmortizationInIncomeStatement7.96M7.84M6.50M1.71M
Amortization7.96M7.84M6.50M1.71M
AmortizationOfIntangiblesIncomeStatement7.96M7.84M6.50M1.71M
ResearchAndDevelopment48.82M41.44M28.91M24.22M
SellingGeneralAndAdministration124.35M130.47M149.99M75.17M
SellingAndMarketingExpense36.25M41.47M38.92M24.44M
GeneralAndAdministrativeExpense88.11M89.00M111.07M50.73M
OtherGandA88.11M89.00M111.07M50.73M
SalariesAndWages3.48M
GrossProfit107.22M104.46M366.90M777.05M
CostOfRevenue176.25M184.76M252.07M215.53M
TotalRevenue283.47M289.21M618.97M992.58M
OperatingRevenue283.47M289.21M618.97M992.58M
Line Item2024-12-312023-12-31
TreasurySharesNumber2.77M2.76M
OrdinarySharesNumber30.84M29.65M29.44M30.16M
ShareIssued33.61M32.42M29.44M30.16M
TotalDebt8.47M15.25M38.94M21.28M
TangibleBookValue976.20M970.99M973.01M1.07B
InvestedCapital1.14B1.14B1.29B1.18B
WorkingCapital280.67M434.83M539.77M506.65M
NetTangibleAssets976.20M970.99M973.01M1.07B
CapitalLeaseObligations5.56M11.10M14.93M
CommonStockEquity1.13B1.14B1.27B1.16B
TotalCapitalization1.14B1.14B1.27B1.16B
TotalEquityGrossMinorityInterest1.13B1.13B1.27B1.17B
MinorityInterest-4.07M-2.81M3.19M7.13M
StockholdersEquity1.13B1.14B1.27B1.16B
GainsLossesNotAffectingRetainedEarnings-368.00K1.21M-20.90M-759.00K
OtherEquityAdjustments-368.00K1.21M-20.90M-759.00K
RetainedEarnings590.47M633.17M801.00M657.60M
AdditionalPaidInCapital543.13M501.72M486.58M501.91M
CapitalStock3.00K3.00K3.00K3.00K
CommonStock3.00K3.00K3.00K3.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest90.81M102.04M116.18M112.84M
TotalNonCurrentLiabilitiesNetMinorityInterest17.91M29.02M28.07M7.53M
OtherNonCurrentLiabilities4.92M10.95M15.90M7.53M
NonCurrentDeferredLiabilities6.37M7.96M0.00
NonCurrentDeferredTaxesLiabilities6.37M7.96M0.00
LongTermDebtAndCapitalLeaseObligation6.61M10.11M12.17M
LongTermCapitalLeaseObligation4.12M7.15M8.79M
LongTermDebt2.49M2.96M3.37M
CurrentLiabilities72.90M73.02M88.11M105.31M
OtherCurrentLiabilities164.00K5.30M10.68M
CurrentDeferredLiabilities29.84M25.57M14.09M34.38M
CurrentDeferredRevenue29.84M25.57M14.09M34.38M
CurrentDebtAndCapitalLeaseObligation1.85M5.14M26.77M21.28M
CurrentCapitalLeaseObligation1.44M3.96M6.13M
CurrentDebt412.00K1.18M20.64M21.28M
OtherCurrentBorrowings412.00K1.18M20.64M15.14M
CurrentNotesPayable5.64M6.15M
PensionandOtherPostRetirementBenefitPlansCurrent5.80M6.25M
PayablesAndAccruedExpenses35.40M35.88M41.94M38.97M
CurrentAccruedExpenses17.03M20.52M18.85M17.69M
Payables18.36M15.36M23.09M21.28M
TotalTaxPayable0.00787.00K
IncomeTaxPayable0.00787.00K
AccountsPayable18.36M15.36M23.09M20.49M
TotalAssets1.22B1.24B1.39B1.28B
TotalNonCurrentAssets866.39M727.48M758.18M666.76M
OtherNonCurrentAssets33.46M34.90M44.12M10.65M
InvestmentsAndAdvances570.35M444.01M339.03M507.01M
OtherInvestments12.38M21.96M
InvestmentinFinancialAssets570.35M444.01M339.03M507.01M
AvailableForSaleSecurities570.35M444.01M339.03M507.01M
GoodwillAndOtherIntangibleAssets157.03M165.11M293.67M86.81M
OtherIntangibleAssets134.98M143.05M150.64M35.91M
Goodwill22.05M22.05M143.03M50.90M
NetPPE105.55M83.46M81.35M62.29M
AccumulatedDepreciation-51.71M-51.63M-43.28M-19.63M
GrossPPE157.26M135.10M124.63M81.92M
Leases3.32M11.22M11.80M4.00M
OtherProperties60.44M71.15M66.42M42.69M
MachineryFurnitureEquipment25.63M25.49M25.41M16.65M
BuildingsAndImprovements49.61M17.53M12.60M10.67M
LandAndImprovements18.25M9.70M8.40M7.90M
Properties0.000.000.000.00
CurrentAssets353.57M507.85M627.87M611.96M
PrepaidAssets10.05M20.42M22.25M5.96M
Inventory8.38M5.83M4.28M12.21M
RawMaterials8.38M5.83M4.28M12.21M
Receivables77.03M57.45M75.11M143.29M
OtherReceivables1.77M1.32M19.84M1.64M
AccruedInterestReceivable6.24M4.99M2.52M2.74M
AccountsReceivable69.02M51.13M52.75M138.91M
AllowanceForDoubtfulAccountsReceivable-20.46M-25.23M-41.20M-11.22M
GrossAccountsReceivable89.48M76.36M93.95M150.13M
CashCashEquivalentsAndShortTermInvestments258.11M424.15M526.24M450.50M
OtherShortTermInvestments202.96M326.68M446.73M285.61M
CashAndCashEquivalents55.14M97.47M79.51M164.89M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-19.25M4.80M234.75M514.73M
RepurchaseOfCapitalStock-3.12M-27.79M-76.11M-4.16M
RepaymentOfDebt-1.77M-20.00M-1.07M-11.00K
IssuanceOfDebt0.000.00
IssuanceOfCapitalStock0.000.0089.47M
CapitalExpenditure-40.31M-22.21M-18.77M-23.84M
InterestPaidSupplementalData512.00K960.00K0.000.00
IncomeTaxPaidSupplementalData27.59M3.26M56.19M237.07M
EndCashPosition55.28M97.47M79.51M164.89M
BeginningCashPosition97.47M79.51M164.89M87.43M
EffectOfExchangeRateChanges-55.00K-149.00K-453.00K34.00K
ChangesInCash-42.14M18.12M-84.94M77.43M
FinancingCashFlow-4.85M-47.78M-77.14M85.41M
CashFlowFromContinuingFinancingActivities-4.85M-47.78M-77.14M85.41M
NetOtherFinancingCharges-15.00M-1.77M10.00K
ProceedsFromStockOptionExercised51.00K3.00K31.00K86.00K
NetCommonStockIssuance-3.12M-27.79M-76.11M85.32M
CommonStockPayments-3.12M-27.79M-76.11M-4.16M
CommonStockIssuance0.000.0089.47M
NetIssuancePaymentsOfDebt-1.77M-20.00M-1.07M-11.00K
NetShortTermDebtIssuance-1.23M-19.27M-367.00K-4.00K
ShortTermDebtPayments-1.23M-19.27M-367.00K-4.00K
ShortTermDebtIssuance0.000.00
NetLongTermDebtIssuance-544.00K-730.00K-700.00K-7.00K
LongTermDebtPayments-544.00K-730.00K-700.00K-7.00K
LongTermDebtIssuance0.000.00
InvestingCashFlow-58.35M38.90M-261.31M-546.55M
CashFlowFromContinuingInvestingActivities-58.35M38.90M-261.31M-546.55M
NetInvestmentPurchaseAndSale-18.35M60.73M-60.27M-460.90M
SaleOfInvestment454.06M552.64M372.71M269.59M
PurchaseOfInvestment-472.42M-491.91M-432.98M-730.49M
NetBusinessPurchaseAndSale0.00-399.00K-182.68M-61.87M
PurchaseOfBusiness0.00-399.00K-182.68M-61.87M
NetIntangiblesPurchaseAndSale0.000.00-32.00K
PurchaseOfIntangibles0.000.00-32.00K
NetPPEPurchaseAndSale-40.00M-21.43M-18.36M-23.75M
SaleOfPPE313.00K775.00K412.00K63.00K
PurchaseOfPPE-40.31M-22.21M-18.77M-23.81M
OperatingCashFlow21.06M27.00M253.52M538.58M
CashFlowFromContinuingOperatingActivities21.06M27.00M253.52M538.58M
ChangeInWorkingCapital-7.24M2.84M2.00M-2.68M
ChangeInOtherWorkingCapital13.53M14.25M-34.93M
ChangeInOtherCurrentLiabilities-3.77M-6.29M-4.83M-1.12M
ChangeInOtherCurrentAssets199.00K-3.33M9.38M7.80M
ChangeInPayablesAndAccruedExpense-895.00K-4.18M-36.25M-51.66M
ChangeInAccruedExpense-3.96M2.72M-10.91M13.08M
ChangeInPayable3.07M-6.90M-25.34M-64.74M
ChangeInAccountPayable3.07M-6.90M-25.34M-12.21M
ChangeInTaxPayable0.00-827.00K-52.53M
ChangeInIncomeTaxPayable0.00-827.00K-52.53M
ChangeInReceivables-16.30M2.39M68.64M42.30M
ChangesInAccountReceivables-16.30M2.39M68.64M42.30M
OtherNonCashItems3.75M6.39M4.90M1.14M
StockBasedCompensation44.48M42.92M32.64M15.88M
ProvisionandWriteOffofAssets-1.73M-880.00K32.60M8.93M
AssetImpairmentCharge10.07M120.23M0.000.00
AmortizationOfSecurities-5.55M-3.91M4.77M7.60M
DeferredTax-5.15M7.61M831.00K-7.84M
DeferredIncomeTax-5.15M7.61M831.00K-7.84M
DepreciationAmortizationDepletion24.93M26.14M32.66M11.00M
DepreciationAndAmortization24.93M26.14M32.66M11.00M
OperatingGainsLosses1.31M894.00K1.19M-1.70M
EarningsLossesFromEquityInvestments0.000.00
GainLossOnInvestmentSecurities994.00K589.00K692.00K1.19M
GainLossOnSaleOfPPE320.00K305.00K502.00K850.00K
GainLossOnSaleOfBusiness0.000.00-3.73M
NetIncomeFromContinuingOperations-43.82M-175.24M141.92M506.24M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for FLGT
Date User Asset Broker Type Position Size Entry Price Patterns