Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 84,069,000 | 81,803,000 | 73,463,000 | 76,214,000 | 71,743,000 | 71,028,000 | 64,485,000 | 70,505,000 | 84,687,000 | 67,853,000 | 66,168,000 | 67,704,000 | 105,655,000 | 125,341,000 | 320,268,000 | 251,671,000 | 227,868,000 | 153,616,000 | 359,429,000 | 294,978,000 | 101,716,000 | 17,265,000 | 7,753,000 | 8,387,000 | 10,347,000 | 8,424,000 | 5,370,000 | 5,673,000 | 5,625,000 | 5,400,000 | 4,653,000 | 4,281,000 | 4,503,000 | 4,640,000 | 5,306,000 | 5,854,000 | 5,011,000 |
yoy | 17.18% | 15.17% | 13.92% | 8.10% | -15.28% | 4.68% | -2.54% | 4.14% | -19.85% | -45.87% | -79.34% | -73.10% | -53.63% | -18.41% | -10.90% | -14.68% | 124.02% | 789.75% | 4536.00% | 3417.09% | 883.05% | 104.95% | 44.38% | 47.84% | 83.95% | 56.00% | 15.41% | 32.52% | 24.92% | 16.38% | -12.31% | -26.87% | -10.14% | ||||
qoq | 2.77% | 11.35% | -3.61% | 6.23% | 1.01% | 10.15% | -8.54% | -16.75% | 24.81% | 2.55% | -2.27% | -35.92% | -15.71% | -60.86% | 27.26% | 10.45% | 48.34% | -57.26% | 21.85% | 190.00% | 489.15% | 122.69% | -7.56% | -18.94% | 22.83% | 56.87% | -5.34% | 0.85% | 4.17% | 16.05% | 8.69% | -4.93% | -2.95% | -12.55% | -9.36% | 16.82% | |
cost of revenue | 48,557,000 | 47,368,000 | 45,117,000 | 44,365,000 | 44,972,000 | 44,537,000 | 42,381,000 | 45,276,000 | 44,843,000 | 47,281,000 | 47,357,000 | 54,717,000 | 59,560,000 | 60,065,000 | 77,725,000 | 62,134,000 | 43,466,000 | 35,858,000 | 74,075,000 | 51,772,000 | 26,261,000 | 7,717,000 | 4,057,000 | 3,634,000 | 3,885,000 | 3,620,000 | 2,968,000 | 2,769,000 | 2,612,000 | 2,544,000 | 2,772,000 | 2,545,000 | 2,268,000 | 1,879,000 | 1,859,000 | 1,864,000 | 2,143,000 |
gross profit | 35,512,000 | 34,435,000 | 28,346,000 | 31,849,000 | 26,771,000 | 26,491,000 | 22,104,000 | 25,229,000 | 39,844,000 | 20,572,000 | 18,811,000 | 12,987,000 | 46,095,000 | 65,276,000 | 242,543,000 | 189,537,000 | 184,402,000 | 117,758,000 | 285,354,000 | 243,206,000 | 75,455,000 | 9,548,000 | 3,696,000 | 4,753,000 | 6,462,000 | 4,804,000 | 2,402,000 | 2,904,000 | 3,013,000 | 2,856,000 | 1,881,000 | 1,736,000 | 2,235,000 | 2,761,000 | 3,447,000 | 3,990,000 | 2,868,000 |
yoy | 32.65% | 29.99% | 28.24% | 26.24% | -32.81% | 28.77% | 17.51% | 94.26% | -13.56% | -68.48% | -92.24% | -93.15% | -75.00% | -44.57% | -15.00% | -22.07% | 144.39% | 1133.33% | 7620.62% | 5016.89% | 1067.67% | 98.75% | 53.87% | 63.67% | 114.47% | 68.21% | 27.70% | 67.28% | 34.81% | 3.44% | -45.43% | -56.49% | -22.07% | ||||
qoq | 3.13% | 21.48% | -11.00% | 18.97% | 1.06% | 19.85% | -12.39% | -36.68% | 93.68% | 9.36% | 44.84% | -71.83% | -29.38% | -73.09% | 27.97% | 2.78% | 56.59% | -58.73% | 17.33% | 222.32% | 690.27% | 158.33% | -22.24% | -26.45% | 34.51% | 100.00% | -17.29% | -3.62% | 5.50% | 51.83% | 8.35% | -22.33% | -19.05% | -19.90% | -13.61% | 39.12% | |
gross margin % | 42.24% | 42.10% | 38.59% | 41.79% | 37.32% | 37.30% | 34.28% | 35.78% | 47.05% | 30.32% | 28.43% | 19.18% | 43.63% | 52.08% | 75.73% | 75.31% | 80.92% | 76.66% | 79.39% | 82.45% | 74.18% | 55.30% | 47.67% | 56.67% | 62.45% | 57.03% | 44.73% | 51.19% | 53.56% | 52.89% | 40.43% | 40.55% | 49.63% | 59.50% | 64.96% | 68.16% | 57.23% |
operating expenses | |||||||||||||||||||||||||||||||||||||
research and development | 13,860,000 | 13,480,000 | 12,395,000 | 12,113,000 | 11,783,000 | 13,486,000 | 11,434,000 | 11,952,000 | 10,014,000 | 9,692,000 | 9,782,000 | 8,509,000 | 7,507,000 | 6,905,000 | 5,989,000 | 7,464,000 | 6,021,000 | 5,312,000 | 5,422,000 | 4,576,000 | 3,177,000 | 1,849,000 | 1,978,000 | 1,795,000 | 1,744,000 | 1,574,000 | 1,424,000 | 1,426,000 | 1,438,000 | 1,212,000 | 1,458,000 | 1,324,000 | 1,128,000 | 920,000 | 851,000 | 819,000 | 1,523,000 |
selling and marketing | 11,642,000 | 12,286,000 | 8,465,000 | 9,538,000 | 9,124,000 | 8,595,000 | 8,989,000 | 10,500,000 | 10,161,000 | 10,723,000 | 10,083,000 | 10,253,000 | 9,859,000 | 10,866,000 | 7,940,000 | 8,200,000 | 6,012,000 | 5,219,000 | 5,008,000 | 5,081,000 | 5,014,000 | 3,260,000 | 1,597,000 | 1,635,000 | 1,687,000 | 1,304,000 | 1,272,000 | 1,128,000 | 1,115,000 | 1,279,000 | 1,130,000 | 1,080,000 | 1,383,000 | 851,000 | 891,000 | 798,000 | 893,000 |
general and administrative | 23,335,000 | 26,392,000 | 25,291,000 | 24,341,000 | 20,950,000 | 21,326,000 | 21,489,000 | 31,706,000 | 17,498,000 | 17,993,000 | 21,802,000 | 28,793,000 | 26,266,000 | 30,240,000 | 25,775,000 | 22,102,000 | 12,299,000 | 8,329,000 | 8,002,000 | 7,640,000 | 3,741,000 | 1,799,000 | 2,035,000 | 1,732,000 | 1,522,000 | 1,631,000 | 1,529,000 | 1,379,000 | 1,306,000 | 1,366,000 | 1,487,000 | 1,402,000 | 1,205,000 | 1,140,000 | 1,486,000 | 1,115,000 | 1,147,000 |
amortization of intangible assets | 2,025,000 | 1,990,000 | 1,990,000 | 1,992,000 | 1,993,000 | 1,990,000 | 1,990,000 | 1,958,000 | 1,957,000 | 1,962,000 | 1,968,000 | 2,010,000 | 2,006,000 | 1,575,000 | 906,000 | ||||||||||||||||||||||
total operating expenses | 50,862,000 | 54,148,000 | 48,141,000 | 47,984,000 | 43,850,000 | 45,397,000 | 43,902,000 | 176,350,000 | 39,630,000 | 40,370,000 | 43,635,000 | 49,539,000 | 45,743,000 | 52,482,000 | 40,610,000 | 38,677,000 | 25,129,000 | 18,860,000 | 18,432,000 | 17,297,000 | 11,932,000 | 6,908,000 | 5,610,000 | 5,162,000 | 4,953,000 | 4,509,000 | 4,225,000 | 3,933,000 | 3,859,000 | 3,857,000 | 4,075,000 | 3,806,000 | 3,716,000 | 2,911,000 | 3,228,000 | 2,732,000 | 3,563,000 |
operating income | -15,350,000 | -19,713,000 | -19,795,000 | -16,135,000 | -17,079,000 | -18,906,000 | -21,798,000 | -151,121,000 | 214,000 | -19,798,000 | -24,824,000 | -36,552,000 | 352,000 | 12,794,000 | 201,933,000 | 150,860,000 | 159,273,000 | 98,898,000 | 266,922,000 | 225,909,000 | 63,523,000 | 2,640,000 | -1,914,000 | -409,000 | 1,509,000 | 295,000 | -1,823,000 | -1,029,000 | -846,000 | -1,001,000 | -2,194,000 | -2,070,000 | -1,481,000 | -150,000 | 219,000 | 1,258,000 | -695,000 |
yoy | -10.12% | 4.27% | -9.19% | -89.32% | -8080.84% | -4.51% | -12.19% | 313.44% | -39.20% | -254.74% | -112.29% | -124.23% | -99.78% | -87.06% | -24.35% | -33.22% | 150.73% | 3646.14% | -14045.77% | -55334.47% | 4109.61% | 794.92% | 4.99% | -60.25% | -278.37% | -129.47% | -16.91% | -50.29% | -42.88% | 567.33% | -1101.83% | -264.55% | 113.09% | ||||
qoq | -22.13% | -0.41% | 22.68% | -5.53% | -9.66% | -13.27% | -85.58% | -70717.29% | -101.08% | -20.25% | -32.09% | -10484.09% | -97.25% | -93.66% | 33.85% | -5.28% | 61.05% | -62.95% | 18.15% | 255.63% | 2306.17% | -237.93% | 367.97% | -127.10% | 411.53% | -116.18% | 77.16% | 21.63% | -15.48% | -54.38% | 5.99% | 39.77% | 887.33% | -168.49% | -82.59% | -281.01% | |
operating margin % | -18.26% | -24.10% | -26.95% | -21.17% | -23.81% | -26.62% | -33.80% | -214.34% | 0.25% | -29.18% | -37.52% | -53.99% | 0.33% | 10.21% | 63.05% | 59.94% | 69.90% | 64.38% | 74.26% | 76.59% | 62.45% | 15.29% | -24.69% | -4.88% | 14.58% | 3.50% | -33.95% | -18.14% | -15.04% | -18.54% | -47.15% | -48.35% | -32.89% | -3.23% | 4.13% | 21.49% | -13.87% |
other income | -5,000 | 46,000 | 68,000 | 7,000 | 544,000 | ||||||||||||||||||||||||||||||||
interest income | 7,874,000 | 8,091,000 | 8,018,000 | 8,123,000 | 8,090,000 | ||||||||||||||||||||||||||||||||
interest expense | -28,000 | -17,000 | -14,000 | -40,000 | -14,000 | ||||||||||||||||||||||||||||||||
impairment loss | -9,926,000 | ||||||||||||||||||||||||||||||||||||
total other income | 7,841,000 | -1,806,000 | 8,072,000 | 8,090,000 | -1,453,000 | ||||||||||||||||||||||||||||||||
income before income taxes | -7,509,000 | -21,519,000 | -11,723,000 | -8,045,000 | -18,532,000 | -11,214,000 | -14,173,000 | -7,222,250 | 6,860,000 | -14,700,000 | -21,049,000 | 201,978,000 | 338,000 | 1,316,000 | -690,000 | ||||||||||||||||||||||
benefit from income taxes | -683,000 | -2,263,000 | 176,000 | -2,124,000 | -327,000 | -10,862,000 | 20,326,000 | -9,386,000 | 414,000 | 2,653,000 | 48,421,000 | 47,148,000 | 37,545,000 | 23,589,000 | 66,513,000 | 58,571,000 | 14,526,000 | -599,000 | 34,000 | -38,000 | 61,000 | 7,000 | 13,000 | 888,000 | -318,000 | -100,000 | -434,000 | -596,000 | -415,000 | -110,000 | 106,000 | 503,000 | 417,000 | ||||
net income from consolidated operations | -6,826,000 | -19,256,000 | -11,899,000 | -6,190,000 | -14,694,000 | -9,090,000 | -13,846,000 | -134,334,000 | -13,466,000 | -11,590,000 | -15,849,000 | -24,076,000 | 1,343,000 | 11,099,000 | 153,557,000 | 103,677,000 | 122,224,000 | 79,647,000 | |||||||||||||||||||
net income attributable to noncontrolling interests | 218,000 | 299,000 | 369,000 | 302,000 | 46,000 | 380,000 | 384,000 | 6,185,000 | 359,000 | 361,000 | 509,000 | 244,000 | 376,000 | 438,000 | 422,000 | 662,000 | 298,000 | 165,000 | |||||||||||||||||||
net income attributable to fulgent | -6,608,000 | -18,957,000 | -11,530,000 | -5,888,000 | -14,648,000 | -8,710,000 | -13,462,000 | -128,149,000 | -13,107,000 | -11,229,000 | -15,340,000 | -23,832,000 | 1,719,000 | 11,537,000 | 153,979,000 | 104,339,000 | 122,522,000 | 79,812,000 | |||||||||||||||||||
net income per common share attributable to fulgent | |||||||||||||||||||||||||||||||||||||
basic | -210 | -620 | -370 | -190 | -480 | -290 | -450 | -4,300 | -440 | -380 | -520 | -770 | 60 | 380 | 5,090 | 3,460 | 4,130 | 2,740 | 6,960 | 7,240 | 2,110 | 150 | -90 | -10 | 80 | 20 | -100 | -50 | -30 | -60 | -110 | ||||||
diluted | -210 | -620 | -370 | -190 | -480 | -290 | -450 | -4,300 | -440 | -380 | -520 | -750 | 60 | 370 | 4,930 | 3,340 | 3,930 | 2,590 | 6,520 | 6,840 | 1,980 | 140 | -90 | -10 | 80 | 20 | -100 | -50 | -30 | -60 | -110 | ||||||
weighted-average common shares: | |||||||||||||||||||||||||||||||||||||
basic | 30,749,000 | 30,544,000 | 30,832,000 | 30,235,000 | 30,416,000 | 30,098,000 | 29,769,000 | 29,784,000 | 30,013,000 | 29,813,000 | 29,536,000 | 30,097,000 | 30,174,000 | 30,362,000 | 30,234,000 | 29,408,000 | 29,673,000 | 29,150,000 | 28,831,000 | 22,694,000 | 22,062,000 | 21,747,000 | 21,566,000 | 18,709,000 | 18,501,000 | 18,343,000 | 18,228,000 | 18,012,000 | 17,919,000 | 17,864,000 | 17,752,000 | 17,711,000 | 17,676,000 | ||||
diluted | 30,749,000 | 30,544,000 | 30,832,000 | 30,235,000 | 30,416,000 | 30,098,000 | 29,769,000 | 29,784,000 | 30,013,000 | 29,813,000 | 29,536,000 | 30,964,000 | 30,867,000 | 31,189,000 | 31,240,000 | 30,976,000 | 31,170,000 | 30,830,000 | 30,770,000 | 24,056,000 | 23,539,000 | 22,920,000 | 21,566,000 | 18,709,000 | 19,456,000 | 19,021,000 | 18,228,000 | 18,012,000 | 17,919,000 | 17,864,000 | 17,752,000 | 17,711,000 | 18,178,000 | ||||
operating expenses: | |||||||||||||||||||||||||||||||||||||
impairment of available-for-sale debt securities | -10,073,000 | ||||||||||||||||||||||||||||||||||||
(benefit from) benefit from income taxes | -1,855,000 | -3,838,000 | -3,110,000 | -5,200,000 | |||||||||||||||||||||||||||||||||
interest and other income | 7,692,000 | 7,625,000 | 5,925,000 | 6,646,000 | 5,098,000 | 3,775,000 | 3,090,000 | 1,405,000 | 958,000 | 45,000 | -35,000 | 496,000 | 604,000 | 282,000 | 589,000 | 421,000 | 275,000 | 241,000 | 249,000 | 189,000 | 192,000 | 207,000 | 98,000 | 143,000 | 98,000 | 95,000 | 97,000 | 145,000 | 120,000 | 119,000 | 58,000 | 5,000 | |||||
net income per common share attributable to fulgent: | |||||||||||||||||||||||||||||||||||||
basic | -210 | -620 | -370 | -190 | -480 | -290 | -450 | -4,300 | -440 | -380 | -520 | -770 | 60 | 380 | 5,090 | 3,460 | 4,130 | 2,740 | 6,960 | 7,240 | 2,110 | 150 | -90 | -10 | 80 | 20 | -100 | -50 | -30 | -60 | -110 | ||||||
diluted | -210 | -620 | -370 | -190 | -480 | -290 | -450 | -4,300 | -440 | -380 | -520 | -750 | 60 | 370 | 4,930 | 3,340 | 3,930 | 2,590 | 6,520 | 6,840 | 1,980 | 140 | -90 | -10 | 80 | 20 | -100 | -50 | -30 | -60 | -110 | ||||||
restructuring costs | -26,000 | 105,000 | 2,896,000 | ||||||||||||||||||||||||||||||||||
income before income taxes and gain on equity method investment | 54,371,750 | 1,757,000 | 13,752,000 | ||||||||||||||||||||||||||||||||||
income before gain on equity method investment | 41,499,750 | 1,343,000 | 11,099,000 | ||||||||||||||||||||||||||||||||||
gain on equity method investment | 3,734,000 | ||||||||||||||||||||||||||||||||||||
amortization of acquisition-related intangible assets | 199,250 | 797,000 | |||||||||||||||||||||||||||||||||||
income before income taxes, gain on equity method investments and equity loss in investee | 131,618,750 | 159,769,000 | |||||||||||||||||||||||||||||||||||
income before gain on equity method investments and equity loss in investee | 99,707,000 | 122,224,000 | |||||||||||||||||||||||||||||||||||
gain on equity-method investments | |||||||||||||||||||||||||||||||||||||
equity loss in investee | 143,000 | -189,000 | -193,000 | -249,000 | -174,000 | -175,000 | -149,000 | -279,000 | -234,000 | -210,000 | -246,000 | -245,000 | -247,000 | -172,000 | |||||||||||||||||||||||
income before income taxes, gain on equity method investment and equity loss in investee | 99,502,000 | ||||||||||||||||||||||||||||||||||||
income before gain on equity method investment and equity loss in investee | 75,913,000 | ||||||||||||||||||||||||||||||||||||
income before income taxes and equity loss in investee | 267,204,000 | 2,915,000 | -1,673,000 | -160,000 | 1,698,000 | 487,000 | -1,616,000 | -931,000 | -703,000 | -903,000 | -2,099,000 | -1,973,000 | -1,336,000 | ||||||||||||||||||||||||
income before equity loss in investee | 200,691,000 | 3,514,000 | -1,707,000 | -122,000 | 1,637,000 | 480,000 | -1,629,000 | -1,819,000 | -385,000 | -803,000 | -1,665,000 | -1,377,000 | -921,000 | ||||||||||||||||||||||||
net income | 200,691,000 | 166,307,000 | 46,638,000 | 3,321,000 | -1,956,000 | -296,000 | 1,462,000 | 331,000 | -1,908,000 | -2,053,000 | -595,000 | -1,049,000 | -1,910,000 | -1,624,000 | -1,093,000 | -25,000 | 232,000 | 813,000 | -1,107,000 | ||||||||||||||||||
yoy | -10360.28% | -56284.80% | 3090.01% | 903.32% | 2.52% | -85.58% | -345.71% | -131.55% | -0.10% | 26.42% | -45.56% | 4096.00% | -923.28% | -299.75% | -1.26% | ||||||||||||||||||||||
qoq | 20.68% | 256.59% | 1304.34% | -269.79% | 560.81% | -120.25% | 341.69% | -117.35% | -7.06% | 245.04% | -43.28% | -45.08% | 17.61% | 48.58% | 4272.00% | -110.78% | -71.46% | -173.44% | |||||||||||||||||||
net income margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 55.84% | 56.38% | 45.85% | 19.24% | -25.23% | -3.53% | 14.13% | 3.93% | -35.53% | -36.19% | -10.58% | -19.43% | -41.05% | -37.94% | -24.27% | -0.54% | 4.37% | 13.89% | -22.09% |
net income per common share: | |||||||||||||||||||||||||||||||||||||
basic | -210 | -620 | -370 | -190 | -480 | -290 | -450 | -4,300 | -440 | -380 | -520 | -770 | 60 | 380 | 5,090 | 3,460 | 4,130 | 2,740 | 6,960 | 7,240 | 2,110 | 150 | -90 | -10 | 80 | 20 | -100 | -50 | -30 | -60 | -110 | ||||||
diluted | -210 | -620 | -370 | -190 | -480 | -290 | -450 | -4,300 | -440 | -380 | -520 | -750 | 60 | 370 | 4,930 | 3,340 | 3,930 | 2,590 | 6,520 | 6,840 | 1,980 | 140 | -90 | -10 | 80 | 20 | -100 | -50 | -30 | -60 | -110 | ||||||
income before income taxes, equity loss in investee and impairment loss | 226,498,000 | 63,944,000 | |||||||||||||||||||||||||||||||||||
income before equity loss in investee and impairment loss | 167,927,000 | 49,418,000 | |||||||||||||||||||||||||||||||||||
impairment loss in equity-method investment | -647,750 | -2,591,000 | |||||||||||||||||||||||||||||||||||
income from continuing operations | -1,624,000 | -1,093,000 | -25,000 | 232,000 | 813,000 | -1,107,000 | |||||||||||||||||||||||||||||||
income from discontinued operations | |||||||||||||||||||||||||||||||||||||
continuing operations: | |||||||||||||||||||||||||||||||||||||
income per common share: | |||||||||||||||||||||||||||||||||||||
basic | -12.5 | -60 | 0 | 10 | |||||||||||||||||||||||||||||||||
diluted | -12.5 | -60 | 0 | 10 | |||||||||||||||||||||||||||||||||
income before income taxes and equity in net income of affiliate | -30,000 | ||||||||||||||||||||||||||||||||||||
income before equity in net income of affiliate | 80,000 | ||||||||||||||||||||||||||||||||||||
equity in net income of affiliate | -105,000 | ||||||||||||||||||||||||||||||||||||
basic and diluted income per common share: | |||||||||||||||||||||||||||||||||||||
continuing operations—common stock | 170 | -440 | |||||||||||||||||||||||||||||||||||
weighted-average common shares—outstanding—basic and diluted | 13,710,000 | 12,846,000 |
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