Fulgent Genetics, Inc(NASDAQ:FLGT)

Fulgent Genetics, Inc., together with its subsidiaries, provides COVID-19 testing and genetic testing services to physicians with clinically actionable diagnostic information. Its technology platform integrates data comparison and suppression algorithms, adaptive learning software, and genetic diagn...
Website: http://www.fulgentgenetics.com
Founded: 2011
Full Time Employees: 473
CEO / Co-Founder: Ming Hsieh
Sector: Healthcare
Industry: Diagnostics & Research
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 | 71,138,000 | 83,336,000 | 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 | -3.16% | 9.34% | 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 | -14.64% | -0.87% | 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 | 49,648,000 | 50,754,000 | 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 | 21,490,000 | 32,582,000 | 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 | -24.19% | 2.30% | 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 | -34.04% | -8.25% | 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 % | 30.21% | 39.10% | 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 | 14,176,000 | 14,170,000 | 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 | 12,221,000 | 10,978,000 | 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 | 27,684,000 | 41,646,000 | 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 | 2,031,000 | 2,026,000 | 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 | 56,112,000 | 68,820,000 | 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 | -34,622,000 | -36,238,000 | -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 | 74.90% | 124.59% | -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 | -4.46% | 136.08% | -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 % | -48.67% | -43.48% | -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 | 10,000 | 44,000 | -5,000 | 46,000 | 68,000 | 7,000 | 544,000 | ||||||||||||||||||||||||||||||||
interest income | 8,651,000 | 6,936,000 | 7,874,000 | 8,091,000 | 8,018,000 | 8,123,000 | 8,090,000 | ||||||||||||||||||||||||||||||||
interest expense | -17,000 | -16,000 | -28,000 | -17,000 | -14,000 | -40,000 | -14,000 | ||||||||||||||||||||||||||||||||
total other income | 8,644,000 | 6,964,000 | 7,841,000 | -1,806,000 | 8,072,000 | 8,090,000 | -1,453,000 | ||||||||||||||||||||||||||||||||
income before income taxes | -25,978,000 | -29,274,000 | -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 | ||||||||||||||||||||||
provision for income taxes | -704,000 | 176,000 | -1,855,000 | -3,838,000 | -10,862,000 | 20,326,000 | -3,110,000 | 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 | 20,250 | 61,000 | 7,000 | 13,000 | -100,000 | -434,000 | -596,000 | -415,000 | -110,000 | 503,000 | 417,000 | |||||||||||
net loss from consolidated operations | -25,274,000 | -23,650,000 | -6,826,000 | -19,256,000 | -11,899,000 | -9,407,500 | -14,694,000 | -9,090,000 | -13,846,000 | ||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | 448,000 | 232,000 | 218,000 | 299,000 | 369,000 | 302,000 | 46,000 | 380,000 | 384,000 | 6,185,000 | 359,000 | 361,000 | 438,000 | 422,000 | 662,000 | 298,000 | 165,000 | ||||||||||||||||||||||
net loss attributable to fulgent | -24,826,000 | -23,418,000 | -6,608,000 | -18,957,000 | -11,530,000 | -9,205,000 | -14,648,000 | -8,710,000 | -13,462,000 | ||||||||||||||||||||||||||||||
net loss per common share attributable to fulgent | |||||||||||||||||||||||||||||||||||||||
basic | -800 | -760 | -210 | -620 | -370 | -305 | -480 | -290 | -450 | -90 | -100 | -50 | -30 | ||||||||||||||||||||||||||
diluted | -800 | -760 | -210 | -620 | -370 | -305 | -480 | -290 | -450 | -90 | -100 | -50 | -30 | ||||||||||||||||||||||||||
weighted-average common shares: | |||||||||||||||||||||||||||||||||||||||
basic | 30,881,000 | 30,777,000 | 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 | 30,881,000 | 30,777,000 | 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 | ||||
impairment loss | -9,926,000 | ||||||||||||||||||||||||||||||||||||||
benefit from income taxes | -692,500 | -683,000 | -2,263,000 | -2,124,000 | -327,000 | -9,386,000 | 414,000 | -213,000 | -318,000 | 106,000 | |||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||
impairment of available-for-sale debt securities | -10,073,000 | ||||||||||||||||||||||||||||||||||||||
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 loss per common share attributable to fulgent: | |||||||||||||||||||||||||||||||||||||||
basic | -800 | -760 | -210 | -620 | -370 | -305 | -480 | -290 | -450 | -90 | -100 | -50 | -30 | ||||||||||||||||||||||||||
diluted | -800 | -760 | -210 | -620 | -370 | -305 | -480 | -290 | -450 | -90 | -100 | -50 | -30 | ||||||||||||||||||||||||||
restructuring costs | -26,000 | 105,000 | 2,896,000 | ||||||||||||||||||||||||||||||||||||
net income from consolidated operations | -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 fulgent | -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 | -4,300 | -440 | -380 | -520 | -770 | 60 | 380 | 5,090 | 3,460 | 4,130 | 2,740 | 6,960 | 7,240 | 2,110 | 150 | -10 | 80 | 20 | -60 | -110 | |||||||||||||||||||
diluted | -4,300 | -440 | -380 | -520 | -750 | 60 | 370 | 4,930 | 3,340 | 3,930 | 2,590 | 6,520 | 6,840 | 1,980 | 140 | -10 | 80 | 20 | -60 | -110 | |||||||||||||||||||
(benefit from) benefit from income taxes | -5,200,000 | ||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | 509,000 | 244,000 | 376,000 | ||||||||||||||||||||||||||||||||||||
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 | -160,000 | 1,698,000 | 487,000 | -903,000 | -2,099,000 | -1,973,000 | -1,336,000 | ||||||||||||||||||||||||||||||
income before equity loss in investee | 200,691,000 | 3,514,000 | -122,000 | 1,637,000 | 480,000 | -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% | 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 | -4,300 | -440 | -380 | -520 | -770 | 60 | 380 | 5,090 | 3,460 | 4,130 | 2,740 | 6,960 | 7,240 | 2,110 | 150 | -10 | 80 | 20 | -60 | -110 | |||||||||||||||||||
diluted | -4,300 | -440 | -380 | -520 | -750 | 60 | 370 | 4,930 | 3,340 | 3,930 | 2,590 | 6,520 | 6,840 | 1,980 | 140 | -10 | 80 | 20 | -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 | |||||||||||||||||||||||||||||||||||||
loss before income taxes and equity loss in investee | -1,673,000 | -1,616,000 | -931,000 | -703,000 | |||||||||||||||||||||||||||||||||||
loss before equity loss in investee | -1,707,000 | -1,629,000 | -1,819,000 | -385,000 | |||||||||||||||||||||||||||||||||||
net loss per common share: | |||||||||||||||||||||||||||||||||||||||
basic | -800 | -760 | -210 | -620 | -370 | -305 | -480 | -290 | -450 | -90 | -100 | -50 | -30 | ||||||||||||||||||||||||||
diluted | -800 | -760 | -210 | -620 | -370 | -305 | -480 | -290 | -450 | -90 | -100 | -50 | -30 | ||||||||||||||||||||||||||
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 | 10 | ||||||||||||||||||||||||||||||||||||
diluted | -12.5 | -60 | 10 | ||||||||||||||||||||||||||||||||||||
income before income taxes and equity in net loss of affiliate | -30,000 | ||||||||||||||||||||||||||||||||||||||
income before equity in net loss of affiliate | 80,000 | ||||||||||||||||||||||||||||||||||||||
equity in net loss 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 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 23,399,000 | 50,193,000 | 117,641,000 | 87,880,000 | 67,281,000 | 55,144,000 | 58,042,000 | 65,111,000 | 54,677,000 | 97,473,000 | 84,076,000 | 58,348,000 | 66,172,000 | 79,506,000 | 168,770,000 | 138,780,000 | 353,069,000 | 164,894,000 | 214,877,000 | 100,461,000 | 151,461,000 | 87,426,000 | 53,031,000 | 2,431,000 | 9,302,000 | 11,965,000 | 20,522,000 | 9,165,000 | 5,288,000 | 6,736,000 | 8,489,000 | 3,654,000 | 5,274,000 | 6,490,000 | 9,478,000 | 11,473,000 | 6,734,000 | 7,897,000 | |
marketable securities | 252,903,000 | 285,884,000 | 258,162,000 | 205,047,000 | 253,040,000 | 202,962,000 | 155,027,000 | 246,595,000 | 251,018,000 | 326,681,000 | 383,726,000 | 400,083,000 | 438,313,000 | 446,729,000 | 402,290,000 | 376,622,000 | 232,045,000 | 285,605,000 | 255,102,000 | 283,328,000 | 258,317,000 | 211,941,000 | 21,904,000 | 18,530,000 | 18,028,000 | 16,304,000 | 11,596,000 | 17,820,000 | 24,139,000 | 24,298,000 | 24,114,000 | 26,949,000 | 23,211,000 | 19,994,000 | 16,570,000 | 17,400,000 | 20,633,000 | 12,971,000 | |
trade accounts receivable, net of allowance for credit losses of 21,420 as of march 31, 2026, and 21,411 as of december 31, 2025 | 69,277,000 | ||||||||||||||||||||||||||||||||||||||
prepaid income taxes | 109,165,000 | 107,099,000 | |||||||||||||||||||||||||||||||||||||
other current assets | 24,298,000 | 22,552,000 | 60,384,000 | 58,610,000 | 24,985,000 | 26,444,000 | 56,155,000 | 30,825,000 | 28,754,000 | 32,559,000 | 32,776,000 | 35,049,000 | 32,689,000 | 48,889,000 | 21,395,000 | 26,480,000 | 19,958,000 | 22,549,000 | 32,035,000 | 34,321,000 | 32,853,000 | 40,392,000 | 30,000,000 | 6,359,000 | 3,324,000 | 2,255,000 | 1,795,000 | 2,267,000 | 2,311,000 | 2,561,000 | 2,370,000 | 2,537,000 | 2,621,000 | 2,438,000 | 2,396,000 | 1,668,000 | 1,202,000 | 906,000 | 4,883,000 |
total current assets | 479,042,000 | 550,490,000 | 507,374,000 | 428,727,000 | 416,784,000 | 353,571,000 | 326,539,000 | 399,104,000 | 386,509,000 | 507,845,000 | 549,855,000 | 528,289,000 | 580,723,000 | 627,873,000 | 696,614,000 | 675,185,000 | 765,333,000 | 611,960,000 | 622,836,000 | 566,686,000 | 659,140,000 | 523,616,000 | 195,615,000 | 41,183,000 | 37,025,000 | 37,079,000 | 39,205,000 | 34,795,000 | 36,301,000 | 39,543,000 | 41,050,000 | 38,195,000 | 36,075,000 | 32,927,000 | 32,038,000 | 34,727,000 | 33,170,000 | 26,138,000 | 17,494,000 |
marketable securities, long-term | 328,287,000 | 369,269,000 | 411,778,000 | 484,471,000 | 494,111,000 | 570,351,000 | 602,232,000 | 526,163,000 | 540,495,000 | 423,571,000 | 383,659,000 | 388,383,000 | 366,833,000 | 326,648,000 | 346,946,000 | 415,621,000 | 493,182,000 | 485,047,000 | 407,284,000 | 393,250,000 | 287,626,000 | 132,502,000 | 29,035,000 | 45,403,000 | 43,294,000 | 41,947,000 | 11,487,000 | 11,697,000 | 8,983,000 | ||||||||||
fixed assets | 116,344,000 | 112,549,000 | 111,865,000 | 110,223,000 | 107,077,000 | 105,549,000 | 106,810,000 | 93,368,000 | 86,723,000 | 83,464,000 | 85,265,000 | 87,556,000 | 79,083,000 | 81,353,000 | 81,807,000 | 86,049,000 | 68,622,000 | 62,287,000 | 60,166,000 | 51,086,000 | 46,987,000 | 40,199,000 | 17,385,000 | 6,013,000 | 5,698,000 | 5,974,000 | 6,396,000 | 5,937,000 | 6,046,000 | 6,446,000 | 6,853,000 | 7,325,000 | 6,853,000 | 7,272,000 | 6,490,000 | 6,737,000 | 5,894,000 | 6,234,000 | 5,178,000 |
in-process research & development | 68,490,000 | 68,490,000 | |||||||||||||||||||||||||||||||||||||
other intangible assets | 85,499,000 | 64,791,000 | |||||||||||||||||||||||||||||||||||||
goodwill | 53,731,000 | 25,080,000 | 25,080,000 | 22,055,000 | 22,055,000 | 22,055,000 | 22,055,000 | 22,055,000 | 22,055,000 | 22,055,000 | 141,844,000 | 141,970,000 | 143,120,000 | 143,027,000 | 120,313,000 | 121,354,000 | 50,999,000 | 50,897,000 | 48,749,000 | 23,107,000 | |||||||||||||||||||
other long-term assets | 24,976,000 | 22,856,000 | 23,211,000 | 23,302,000 | 32,708,000 | 33,460,000 | 39,012,000 | 32,138,000 | 32,676,000 | 34,902,000 | 38,128,000 | 49,064,000 | 45,327,000 | 44,124,000 | 61,016,000 | 61,777,000 | 34,808,000 | 10,650,000 | 8,949,000 | 8,897,000 | 5,330,000 | 3,316,000 | 975,000 | 80,000 | 160,000 | 251,000 | 409,000 | 167,000 | 231,000 | 17,000 | 18,000 | 20,000 | 30,000 | 39,000 | 71,000 | 61,000 | 69,000 | 17,000 | |
total assets | 1,156,369,000 | 1,213,525,000 | 1,214,563,000 | 1,199,838,000 | 1,205,744,000 | 1,219,964,000 | 1,233,763,000 | 1,232,239,000 | 1,229,885,000 | 1,235,328,000 | 1,358,398,000 | 1,354,577,000 | 1,376,767,000 | 1,386,053,000 | 1,405,782,000 | 1,461,662,000 | 1,465,590,000 | 1,278,720,000 | 1,204,668,000 | 1,049,855,000 | 999,083,000 | 700,461,000 | 247,311,000 | 95,915,000 | 89,325,000 | 88,756,000 | 61,145,000 | 56,436,000 | 55,652,000 | 53,904,000 | 54,846,000 | 55,548,000 | 55,440,000 | 57,184,000 | 58,670,000 | 58,805,000 | 58,820,000 | 58,040,000 | 22,758,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||
accounts payable | 21,125,000 | 18,654,000 | 18,088,000 | 18,887,000 | 18,238,000 | 18,364,000 | 19,805,000 | 19,873,000 | 19,616,000 | 15,360,000 | 15,772,000 | 20,607,000 | 22,080,000 | 23,093,000 | 14,481,000 | 37,109,000 | 23,699,000 | 20,494,000 | 24,868,000 | 14,743,000 | 17,440,000 | 26,488,000 | 18,674,000 | 3,636,000 | 2,855,000 | 1,581,000 | 2,150,000 | 1,175,000 | 1,456,000 | 1,313,000 | 1,024,000 | 1,794,000 | 1,347,000 | 2,089,000 | 2,370,000 | 1,820,000 | 2,306,000 | 2,756,000 | 3,286,000 |
accrued liabilities | 34,901,000 | 34,057,000 | 23,010,000 | 21,699,000 | 16,689,000 | 24,279,000 | 23,862,000 | 26,425,000 | 25,918,000 | 30,737,000 | 21,031,000 | 22,229,000 | 21,088,000 | 24,981,000 | 25,101,000 | 27,100,000 | 11,847,000 | 17,689,000 | 8,446,000 | 5,467,000 | 1,750,000 | 2,024,000 | 1,333,000 | 1,634,000 | 1,333,000 | 1,354,000 | 1,425,000 | 1,231,000 | 1,184,000 | 1,062,000 | 911,000 | 781,000 | 902,000 | 745,000 | 436,000 | 471,000 | |||
customer deposit | 30,619,000 | 28,145,000 | 28,543,000 | 27,600,000 | 27,695,000 | 27,610,000 | 26,945,000 | 26,297,000 | 27,240,000 | 22,700,000 | 18,861,000 | 14,460,000 | 11,621,000 | 10,895,000 | 25,810,000 | 28,959,000 | 17,729,000 | 19,806,000 | 41,510,000 | 45,327,000 | 17,001,000 | ||||||||||||||||||
contract liabilities | 3,007,000 | 3,635,000 | 2,309,000 | 2,673,000 | 2,817,000 | 2,234,000 | 2,966,000 | 2,744,000 | 2,762,000 | 2,874,000 | 2,586,000 | 2,601,000 | 2,733,000 | 3,199,000 | 2,603,000 | 10,102,000 | 14,102,000 | 14,570,000 | 7,879,000 | 6,915,000 | 13,960,000 | 26,576,000 | 18,456,000 | 622,000 | 444,000 | 365,000 | |||||||||||||
notes payable, current | 482,000 | 476,000 | 476,000 | 476,000 | 476,000 | ||||||||||||||||||||||||||||||||||
total current liabilities | 90,134,000 | 84,967,000 | 72,426,000 | 71,335,000 | 65,915,000 | 72,899,000 | 73,990,000 | 75,751,000 | 75,949,000 | 73,018,000 | 61,421,000 | 64,819,000 | 81,939,000 | 88,107,000 | 102,522,000 | 127,527,000 | 141,714,000 | 105,310,000 | 147,158,000 | 121,524,000 | 196,530,000 | 130,115,000 | 57,736,000 | 6,509,000 | 5,810,000 | 3,723,000 | 4,253,000 | 2,909,000 | 3,203,000 | 2,738,000 | 2,255,000 | 2,978,000 | 2,409,000 | 3,000,000 | 3,151,000 | 2,827,000 | 3,281,000 | 3,316,000 | 5,010,000 |
deferred tax liabilities | 6,982,000 | 6,936,000 | 7,040,000 | 6,124,000 | 6,237,000 | 6,370,000 | 6,734,000 | 6,948,000 | 7,405,000 | 7,962,000 | |||||||||||||||||||||||||||||
unrecognized tax benefits | 5,727,000 | 7,283,000 | 6,783,000 | 4,838,000 | 4,700,000 | 4,563,000 | 6,326,000 | 6,295,000 | 5,978,000 | 5,978,000 | 9,555,000 | 9,836,000 | 9,836,000 | 9,836,000 | 1,826,000 | 1,730,000 | 1,210,000 | 725,000 | 534,000 | 505,000 | 474,000 | 377,000 | 389,000 | ||||||||||||||||
other long-term liabilities | 9,372,000 | 7,624,000 | 7,557,000 | 5,905,000 | 6,122,000 | 6,973,000 | 11,815,000 | 14,397,000 | 13,907,000 | 15,084,000 | 15,755,000 | 16,596,000 | 16,073,000 | 18,235,000 | 20,037,000 | 21,672,000 | 9,706,000 | 6,805,000 | 6,576,000 | 1,202,000 | 513,000 | 14,000 | 14,000 | 11,000 | 9,000 | 6,000 | 6,000 | 5,000 | 2,000 | 2,000 | |||||||||
total liabilities | 112,215,000 | 106,810,000 | 93,806,000 | 88,202,000 | 82,974,000 | 90,805,000 | 98,865,000 | 103,391,000 | 103,239,000 | 102,042,000 | 96,564,000 | 91,251,000 | 107,848,000 | 116,178,000 | 124,385,000 | 150,929,000 | 152,630,000 | 112,840,000 | 160,215,000 | 129,130,000 | 197,517,000 | 131,074,000 | 60,356,000 | 8,872,000 | 7,953,000 | 5,979,000 | 6,619,000 | 5,294,000 | 5,691,000 | 2,752,000 | 2,266,000 | 2,987,000 | 2,415,000 | 3,006,000 | 3,399,000 | 3,072,000 | 3,524,000 | 3,561,000 | 5,513,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value per share... | 4,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,000 |
preferred stock, 0.0001 par value per share... | |||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 540,141,000 | 574,520,000 | 565,690,000 | 550,599,000 | 543,903,000 | 543,126,000 | 532,909,000 | 522,420,000 | 511,329,000 | 501,718,000 | 514,262,000 | 506,075,000 | 495,981,000 | 486,585,000 | 477,814,000 | 504,066,000 | 507,046,000 | 501,908,000 | 483,731,000 | 482,255,000 | 450,855,000 | 418,065,000 | 201,772,000 | 148,056,000 | 146,948,000 | 146,058,000 | 117,478,000 | 115,532,000 | 114,790,000 | 114,203,000 | 113,600,000 | 113,011,000 | 112,431,000 | 111,884,000 | 111,299,000 | 110,746,000 | 110,301,000 | 109,734,000 | 73,211,000 |
accumulated other comprehensive income | 4,536,000 | 7,512,000 | 6,823,000 | 5,998,000 | 4,335,000 | -368,000 | 9,178,000 | -877,000 | -1,102,000 | 1,205,000 | -759,000 | -212,000 | -265,000 | -216,000 | 438,000 | 607,000 | 1,049,000 | -193,000 | 146,000 | 179,000 | 203,000 | 95,000 | -82,000 | -87,000 | -44,000 | 10,000 | |||||||||||||
retained earnings | 505,128,000 | 529,954,000 | 553,372,000 | 559,980,000 | 578,937,000 | 590,467,000 | 596,355,000 | 611,003,000 | 619,713,000 | 633,175,000 | 761,324,000 | 774,431,000 | 785,660,000 | 801,000,000 | 824,832,000 | 823,113,000 | 811,576,000 | 657,597,000 | 553,258,000 | 430,736,000 | 350,924,000 | 150,881,000 | |||||||||||||||||
total fulgent stockholders’ equity | 1,049,809,000 | 1,111,989,000 | 1,125,888,000 | 1,116,580,000 | 1,127,178,000 | 1,133,228,000 | 1,138,445,000 | 1,132,549,000 | 1,129,943,000 | 1,258,698,000 | 1,259,763,000 | 1,264,448,000 | |||||||||||||||||||||||||||
noncontrolling interest | -5,655,000 | -5,274,000 | -5,131,000 | -4,944,000 | -4,408,000 | -4,069,000 | -3,547,000 | -3,701,000 | -3,297,000 | -2,815,000 | 3,136,000 | 3,563,000 | 4,471,000 | 3,190,000 | 4,350,000 | 5,968,000 | 6,828,000 | 7,131,000 | 7,673,000 | 7,996,000 | |||||||||||||||||||
total stockholders’ equity | 1,044,154,000 | 1,106,715,000 | 1,120,757,000 | 1,111,636,000 | 1,122,770,000 | 1,129,159,000 | 1,134,898,000 | 1,128,848,000 | 1,126,646,000 | 1,133,286,000 | 1,261,834,000 | 1,263,326,000 | 1,268,919,000 | 1,269,875,000 | 1,281,397,000 | 1,310,733,000 | 1,312,960,000 | 1,165,880,000 | 1,044,453,000 | 920,725,000 | 801,566,000 | 569,387,000 | 186,955,000 | 87,043,000 | 81,372,000 | 82,777,000 | 54,526,000 | 51,142,000 | 49,961,000 | 51,152,000 | 52,580,000 | 52,561,000 | 53,025,000 | 54,178,000 | 55,271,000 | 55,733,000 | 55,296,000 | ||
total liabilities and stockholders’ equity | 1,156,369,000 | 1,213,525,000 | 1,214,563,000 | 1,199,838,000 | 1,205,744,000 | 1,219,964,000 | 1,233,763,000 | 1,232,239,000 | 1,229,885,000 | 1,235,328,000 | 1,358,398,000 | 1,354,577,000 | 1,376,767,000 | 1,386,053,000 | 1,405,782,000 | 1,461,662,000 | 1,465,590,000 | 1,278,720,000 | 1,204,668,000 | 1,049,855,000 | 999,083,000 | 700,461,000 | 247,311,000 | 95,915,000 | 89,325,000 | 88,756,000 | 61,145,000 | 56,436,000 | 55,652,000 | 53,904,000 | 54,846,000 | 55,548,000 | 55,440,000 | 57,184,000 | 58,670,000 | 58,805,000 | 58,820,000 | ||
trade accounts receivable, net of allowance for credit losses of 21,411 as of december 31, 2025, and 20,458 as of december 31, 2024 | 84,762,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 21,528 as of september 30, 2025, and 20,458 as of december 31, 2024 | 71,187,000 | ||||||||||||||||||||||||||||||||||||||
intangible assets | 135,255,000 | 131,060,000 | 133,009,000 | 134,978,000 | 137,115,000 | 138,973,000 | 140,989,000 | 143,053,000 | 144,489,000 | 146,473,000 | 148,699,000 | 150,643,000 | 87,853,000 | 89,695,000 | 35,037,000 | 35,914,000 | |||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 21,416 as of june 30, 2025, and 20,458 as of december 31, 2024 | 77,190,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 20,935 as of march 31, 2025, and 20,458 as of december 31, 2024 | 71,478,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 20,458 and 25,226 | 69,021,000 | ||||||||||||||||||||||||||||||||||||||
redeemable preferred stock investment | 20,438,000 | 20,438,000 | 20,438,000 | 15,158,000 | 12,842,000 | 12,982,000 | 12,385,000 | 11,233,000 | 11,981,000 | 17,609,000 | 21,965,000 | 20,000,000 | |||||||||||||||||||||||||||
notes payable, current portion | 412,000 | 412,000 | 412,000 | 413,000 | 1,183,000 | 2,890,000 | 4,560,000 | 5,608,000 | 5,639,000 | 5,481,000 | 5,793,000 | 6,086,000 | |||||||||||||||||||||||||||
other current liabilities | 164,000 | 281,000 | 362,000 | 3,810,000 | 5,301,000 | 13,621,000 | 661,000 | 1,089,000 | 680,000 | 39,919,000 | 13,063,000 | 12,559,000 | 1,253,000 | ||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 25,316 as of september 30, 2024, and 25,226 as of december 31, 2023 | 57,315,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 25,307 as of june 30, 2024, and 25,226 as of december 31, 2023 | 56,573,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 25,831 and 25,226 | 52,060,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 25,226 and 41,205 | 51,132,000 | ||||||||||||||||||||||||||||||||||||||
investment margin loan | 14,999,000 | 14,999,000 | 14,999,000 | 14,999,000 | 14,999,000 | 15,137,000 | 15,107,000 | 15,077,000 | 15,048,000 | 15,019,000 | |||||||||||||||||||||||||||||
total fulgent stockholders' equity | 1,136,101,000 | 1,266,685,000 | 1,277,047,000 | 1,304,765,000 | 1,306,132,000 | 1,158,749,000 | 1,036,780,000 | 912,729,000 | |||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 29,091 and 41,205 | 49,277,000 | ||||||||||||||||||||||||||||||||||||||
deferred tax liability | 9,833,000 | 243,000 | 243,000 | 243,000 | 243,000 | 503,000 | |||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -16,891,000 | -20,746,000 | -17,196,000 | -20,903,000 | -25,602,000 | -22,417,000 | -12,493,000 | -57,000 | -68,000 | -85,000 | -103,000 | ||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 33,173 and 41,205 | 34,809,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 38,302 and 41,205 | 43,549,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 41,205 and 11,217 | 52,749,000 | ||||||||||||||||||||||||||||||||||||||
income tax payable | 426,000 | 2,804,000 | 52,163,000 | 787,000 | 17,875,000 | 26,399,000 | 120,522,000 | 53,319,000 | 14,627,000 | 56,000 | 24,000 | 60,000 | 230,000 | 124,000 | |||||||||||||||||||||||||
contingent consideration | 10,000,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 35,410 and 11,217 | 104,159,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 30,335 and 11,217 | 133,303,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 22,126 and 11,217 | 160,261,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 11,217 and 1,898 as of december 31, 2021 and 2020, respectively | 138,912,000 | ||||||||||||||||||||||||||||||||||||||
notes payable | 6,147,000 | 5,947,000 | 5,899,000 | ||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 6,893 and 1,898 as of september 30, 2021 and december 31, 2020, respectively | 120,822,000 | ||||||||||||||||||||||||||||||||||||||
acquisition-related intangible assets | 36,684,000 | 6,829,000 | |||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 6,044 and 1,898 as of june 30, 2021 and december 31, 2020, respectively | 148,576,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for credit losses of 3,850 and 1,898 as of march 31, 2021 and december 31, 2020, respectively | 216,509,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 1,898 and 751, as of december 31, 2020 and 2019, respectively | 183,857,000 | ||||||||||||||||||||||||||||||||||||||
equity method investments | 1,621,000 | 430,000 | 623,000 | 872,000 | 909,000 | 1,084,000 | 1,233,000 | 1,512,000 | 1,746,000 | 1,956,000 | 1,692,000 | 1,937,000 | 2,184,000 | ||||||||||||||||||||||||||
operating lease right-of-use asset | 828,000 | 2,680,000 | 2,806,000 | 2,525,000 | 2,633,000 | 2,739,000 | 2,756,000 | 2,858,000 | |||||||||||||||||||||||||||||||
operating lease liabilities, short-term | 267,000 | 512,000 | 501,000 | 431,000 | 420,000 | 409,000 | 401,000 | 393,000 | |||||||||||||||||||||||||||||||
operating lease liabilities, long-term | 568,000 | 2,231,000 | 2,363,000 | 2,143,000 | 2,256,000 | 2,366,000 | 2,385,000 | 2,488,000 | |||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 1,169 and 751, as of september 30, 2020 and december 31, 2019, respectively | 90,680,000 | ||||||||||||||||||||||||||||||||||||||
accumulated deficit | -15,426,000 | -62,064,000 | -65,385,000 | -63,429,000 | -63,133,000 | -64,595,000 | -64,926,000 | -63,018,000 | -60,965,000 | -60,370,000 | -59,321,000 | -57,664,000 | -56,040,000 | -54,947,000 | -54,922,000 | -55,154,000 | -55,967,000 | ||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 864 and 751, as of june 30, 2020 and december 31, 2019, respectively | 13,863,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 862 and 751, as of march 31, 2020 and december 31, 2019, respectively | 6,371,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 751 and 590, as of december 31, 2019 and 2018, respectively | 6,555,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 611 and 590, as of september 30, 2019 and december 31, 2018, respectively | 5,292,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 585 and 590, as of june 30, 2019 and december 31, 2018, respectively | 5,543,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 588 and 590, as of march 31, 2019 and december 31, 2018, respectively | 4,563,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 590 and 287, as of december 31, 2018 and 2017, respectively | 5,948,000 | ||||||||||||||||||||||||||||||||||||||
marketable securities, long term | 6,386,000 | 4,250,000 | 7,460,000 | 10,285,000 | 14,883,000 | 17,860,000 | 17,243,000 | 19,643,000 | 25,597,000 | ||||||||||||||||||||||||||||||
deferred tax asset | 929,000 | 592,000 | 505,000 | 126,000 | 27,000 | 37,000 | 44,000 | 54,000 | 86,000 | ||||||||||||||||||||||||||||||
accumulated other comprehensive income loss | -35,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 516 and 287, as of september 30, 2018 and december 31, 2017, respectively | 6,077,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 516 and 287, as of june 30, 2018 and december 31, 2017, respectively | 5,055,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 335 and 287, as of march 31, 2018 and december 31, 2017, respectively | 4,969,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 287 and 151, as of december 31, 2017 and 2016, respectively | 4,005,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 138 and 151, respectively | 3,594,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 133 and 151, respectively | 4,186,000 | ||||||||||||||||||||||||||||||||||||||
accumulated losses of unconsolidated companies in excess of investment | 105,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 151 and 151, respectively | 4,601,000 | ||||||||||||||||||||||||||||||||||||||
total long-term assets | 25,650,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 151 and 75, as of december 31, 2016 and 2015, respectively | 4,364,000 | ||||||||||||||||||||||||||||||||||||||
current assets of discontinued operations | |||||||||||||||||||||||||||||||||||||||
non-current assets of discontinued operations | |||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’/ members’ equity | |||||||||||||||||||||||||||||||||||||||
current liabilities of discontinued operations | |||||||||||||||||||||||||||||||||||||||
stockholders’/ members’ equity | |||||||||||||||||||||||||||||||||||||||
units 56,000 class d and 51,000 class p preferred units authorized, issued and outstanding, 44,000 class d and 49,000 class p common units authorized and 34,000 class d and 45,000 class p common units issued and outstanding, at december 31, 2015 | |||||||||||||||||||||||||||||||||||||||
total stockholders’/ members’ equity | 54,479,000 | ||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’/ members’ equity | 58,040,000 | 22,758,000 | |||||||||||||||||||||||||||||||||||||
cash | 8,205,000 | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable, net of allowance for doubtful accounts of 48 and 75, respectively | 4,406,000 | ||||||||||||||||||||||||||||||||||||||
members' equity 56,000 class d and 51,000 class p preferred units authorized, issued and outstanding, 44,000 class d and 49,000 class p common units authorized and 34,000 class d and 45,000 class p common units issued and outstanding, at december 31, 2015 | |||||||||||||||||||||||||||||||||||||||
total stockholders’/ members’equity | 17,245,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flow from operating activities: | ||||||||||||||||||||||||||||||||||||||
net loss from consolidated operations | -25,274,000 | -23,650,000 | -6,826,000 | -19,256,000 | -11,899,000 | -14,694,000 | -9,090,000 | -13,846,000 | ||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||
equity-based compensation | 9,890,000 | 9,276,000 | 9,717,000 | 10,039,000 | 10,550,000 | 10,408,000 | 10,920,000 | 11,635,000 | 11,518,000 | 11,432,000 | 10,902,000 | 10,323,000 | 10,265,000 | 10,022,000 | 8,972,000 | 8,030,000 | 5,616,000 | 5,020,000 | 4,374,000 | 3,526,000 | 2,962,000 | 3,003,000 | 3,150,000 | 1,080,000 | 924,000 | 938,000 | 951,000 | 737,000 | 583,000 | 598,000 | 588,000 | 573,000 | 545,000 | 581,000 | 549,000 | 424,000 | 565,000 | 535,000 |
depreciation and amortization | 6,000,000 | 6,112,000 | 6,038,000 | 6,054,000 | 5,919,000 | 6,192,000 | 5,920,000 | 6,153,000 | 6,663,000 | 6,533,000 | 6,419,000 | 6,312,000 | 6,879,000 | 9,802,000 | 9,820,000 | 8,345,000 | 4,695,000 | 3,491,000 | 3,173,000 | 516,000 | 473,000 | 438,000 | 405,000 | 412,000 | 420,000 | |||||||||||||
adjustment for credit losses | 1,189,000 | 1,128,000 | 2,591,000 | 2,075,000 | 947,000 | |||||||||||||||||||||||||||||||||
noncash lease expense | 352,000 | 567,000 | 485,000 | 362,000 | 350,000 | 477,000 | 604,000 | 1,169,000 | 1,510,000 | 1,517,000 | 1,627,000 | 1,707,000 | 1,561,000 | 1,602,000 | 1,601,000 | 1,233,000 | 477,000 | 472,000 | 384,000 | 216,000 | 82,000 | 64,000 | 125,000 | 112,000 | 108,000 | 107,000 | 105,000 | 101,000 | 100,000 | |||||||||
gain on disposal of fixed asset | -9,000 | |||||||||||||||||||||||||||||||||||||
amortization of premium of marketable securities | -890,000 | 537,000 | 1,007,000 | 1,313,000 | 1,910,000 | 2,106,000 | 2,319,000 | 1,868,000 | 1,303,000 | 530,000 | 109,000 | 113,000 | 105,000 | 54,000 | 8,000 | 7,000 | 37,000 | 58,000 | 79,000 | 78,000 | 82,000 | 84,000 | 90,000 | 101,000 | 95,000 | |||||||||||||
deferred taxes | -1,120,000 | -104,000 | -864,000 | -113,000 | -133,000 | -364,000 | -2,358,000 | -457,000 | -557,000 | 502,000 | 19,382,000 | -3,218,000 | -5,200,000 | -3,346,000 | 2,705,000 | -2,142,000 | -5,497,000 | -1,614,000 | -3,519,000 | -2,269,000 | -786,000 | -692,000 | 0 | -352,000 | -101,000 | -434,000 | ||||||||||||
unrecognized tax benefits | 199,000 | 499,000 | 163,000 | 137,000 | 137,000 | -1,762,000 | 31,000 | -3,577,000 | 8,010,000 | 96,000 | 520,000 | 485,000 | 191,000 | 29,000 | 32,000 | 96,000 | -12,000 | |||||||||||||||||||||
other | 1,000 | -4,000 | 1,000 | 12,000 | 21,000 | -21,000 | 19,000 | 7,000 | -12,000 | 8,000 | -49,000 | 12,000 | -6,000 | -32,000 | 15,000 | 7,000 | -14,000 | 0 | -8,000 | 15,000 | -1,000 | 36,000 | -42,000 | 11,000 | 3,000 | 66,000 | -28,000 | 26,000 | -20,000 | 10,000 | 28,000 | |||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||
trade accounts receivable | 16,431,000 | -15,377,000 | 4,907,000 | -8,257,000 | -4,524,000 | -13,325,000 | -1,585,000 | -2,877,000 | 1,484,000 | -5,208,000 | -12,062,000 | 10,327,000 | 9,331,000 | 44,424,000 | 22,412,000 | 34,726,000 | -32,924,000 | 32,543,000 | 67,055,000 | -34,595,000 | ||||||||||||||||||
income tax | -1,394,000 | -71,881,000 | -24,000 | -34,793,000 | 1,761,000 | |||||||||||||||||||||||||||||||||
other current and long-term assets | 2,791,000 | 1,823,000 | -1,371,000 | -458,000 | 804,000 | 775,000 | -4,673,000 | -1,033,000 | 5,130,000 | 2,304,000 | 888,000 | -2,135,000 | -1,629,000 | -8,059,000 | 5,576,000 | -4,816,000 | 2,962,000 | 9,890,000 | 3,939,000 | 3,084,000 | -9,109,000 | -1,973,000 | -15,349,000 | -2,903,000 | -924,000 | -76,000 | 267,000 | 119,000 | 64,000 | |||||||||
accounts payable | -408,000 | 924,000 | -102,000 | 386,000 | -658,000 | -808,000 | 2,278,000 | 1,841,000 | -245,000 | 129,000 | -2,578,000 | -2,592,000 | -1,855,000 | 6,992,000 | -22,073,000 | -12,368,000 | 2,110,000 | -3,204,000 | 1,254,000 | -4,000,000 | -6,256,000 | 7,942,000 | 12,391,000 | 377,000 | 1,907,000 | -238,000 | 33,000 | -203,000 | 79,000 | 277,000 | 1,169,000 | -1,562,000 | 218,000 | -377,000 | 569,000 | -122,000 | -433,000 | |
contract liabilities | -627,000 | 1,325,000 | -363,000 | -144,000 | 582,000 | -732,000 | 223,000 | 965,000 | -7,046,000 | -12,616,000 | ||||||||||||||||||||||||||||
customer deposits | 2,470,000 | -403,000 | 939,000 | -99,000 | 83,000 | 681,000 | 632,000 | |||||||||||||||||||||||||||||||
accrued liabilities and other liabilities | -2,123,000 | 12,325,000 | -1,132,000 | 5,203,000 | -7,485,000 | 628,000 | -1,827,000 | -2,813,000 | 51,000 | 14,531,000 | 4,195,000 | 4,596,000 | -9,114,000 | -18,394,000 | -13,169,000 | 8,495,000 | -8,231,000 | 14,034,000 | -4,037,000 | 10,486,000 | 21,499,000 | |||||||||||||||||
operating lease liabilities | -381,000 | -446,000 | -470,000 | -355,000 | -354,000 | -483,000 | -601,000 | -1,618,000 | -211,000 | -82,000 | -64,000 | -120,000 | -104,000 | -101,000 | -99,000 | -122,000 | -95,000 | -93,000 | ||||||||||||||||||||
net cash from operating activities | 7,097,000 | -78,143,000 | 11,107,000 | -30,171,000 | -4,431,000 | 25,018,000 | -15,509,000 | 4,285,000 | 7,266,000 | 14,933,000 | 10,240,000 | 9,737,000 | -7,907,000 | 33,207,000 | 20,776,000 | 11,126,000 | 188,411,000 | 77,086,000 | 152,201,000 | 76,111,000 | 233,179,000 | 9,415,000 | -4,409,000 | 1,366,000 | -1,241,000 | 500,000 | 1,365,000 | 707,000 | 1,254,000 | |||||||||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
free cash flows | 7,097,000 | -78,143,000 | 11,107,000 | -30,171,000 | -4,431,000 | 25,018,000 | -15,509,000 | 4,285,000 | 7,266,000 | 14,933,000 | 10,240,000 | 9,737,000 | -7,907,000 | 33,207,000 | 20,776,000 | 11,126,000 | 188,411,000 | 77,086,000 | 152,201,000 | 76,111,000 | 233,179,000 | 9,415,000 | -4,409,000 | 1,366,000 | -1,241,000 | 500,000 | 1,365,000 | 707,000 | 1,254,000 | |||||||||
cash flow from investing activities: | ||||||||||||||||||||||||||||||||||||||
maturities of marketable securities | 81,711,000 | 78,097,000 | 40,235,000 | 60,230,000 | 32,445,000 | 71,787,000 | 117,935,000 | 64,623,000 | 95,450,000 | 131,668,000 | 118,043,000 | 117,439,000 | 141,408,000 | 100,821,000 | 61,281,000 | 42,672,000 | 27,760,000 | 22,326,000 | 26,978,000 | 20,080,000 | 14,458,000 | 6,800,000 | 5,792,000 | 2,401,000 | 4,926,000 | 4,750,000 | 8,100,000 | 7,900,000 | 3,600,000 | 8,609,000 | 7,704,000 | 5,806,000 | 5,850,000 | 5,785,000 | 1,800,000 | 2,600,000 | 1,000,000 | |
proceeds from sale of fixed assets | 8,000 | 0 | 3,000 | 0 | 2,000 | 0 | 38,000 | 17,000 | 258,000 | 335,000 | 22,000 | 220,000 | 198,000 | 172,000 | 222,000 | 4,000 | 14,000 | 41,000 | 9,000 | 0 | 13,000 | |||||||||||||||||
purchase of marketable securities | -10,011,000 | -61,963,000 | -98,206,000 | -115,380,000 | -63,088,000 | -195,741,000 | -148,313,000 | -93,064,000 | -106,611,000 | -143,926,000 | -160,715,000 | -11,779,000 | -115,355,000 | -130,133,000 | -186,551,000 | -99,132,000 | -205,337,000 | -219,470,000 | -310,796,000 | -1,176,000 | -4,395,000 | -7,992,000 | -40,231,000 | -1,668,000 | -4,190,000 | -5,988,000 | -11,022,000 | -1,695,000 | -6,787,000 | -4,683,000 | -6,407,000 | -1,670,000 | -802,000 | -2,780,000 | ||||
purchases of fixed assets | -5,202,000 | -4,980,000 | -6,050,000 | -6,826,000 | -4,718,000 | -3,778,000 | -19,537,000 | -12,944,000 | -4,056,000 | -3,106,000 | -4,923,000 | -12,144,000 | -2,034,000 | -4,722,000 | -5,435,000 | -3,258,000 | -5,360,000 | -5,983,000 | -3,402,000 | -2,935,000 | -11,492,000 | -23,794,000 | -10,129,000 | -411,000 | -796,000 | -461,000 | -88,000 | -499,000 | -134,000 | -123,000 | -1,047,000 | -36,000 | -1,116,000 | -1,141,000 | -237,000 | -1,427,000 | -90,000 | -409,000 |
acquisition of businesses, net of cash | -55,567,000 | |||||||||||||||||||||||||||||||||||||
net cash from investing activities | 10,939,000 | 11,154,000 | 19,084,000 | 53,404,000 | 27,729,000 | -27,455,000 | 8,985,000 | 7,304,000 | -47,186,000 | 24,270,000 | 20,078,000 | -1,096,000 | -4,354,000 | -92,599,000 | 44,289,000 | -213,692,000 | 688,000 | -140,259,000 | -34,793,000 | -155,005,000 | -216,491,000 | -318,767,000 | -1,404,000 | -2,405,000 | -3,862,000 | -36,079,000 | 6,344,000 | 3,211,000 | -2,522,000 | -2,536,000 | 4,962,000 | -1,527,000 | 51,000 | -1,763,000 | -2,568,000 | 4,152,000 | -1,870,000 | -39,416,000 |
cash flow from financing activities: | ||||||||||||||||||||||||||||||||||||||
repurchase of common stock | -40,078,000 | 0 | 0 | -2,205,000 | -8,679,000 | 0 | 0 | 0 | -225,000 | -22,862,000 | -29,058,000 | -34,702,000 | ||||||||||||||||||||||||||
common stock withholding for employee tax obligations | -4,200,000 | -447,000 | -357,000 | -345,000 | -1,887,000 | -242,000 | -431,000 | -544,000 | -1,682,000 | -1,114,000 | -517,000 | -232,000 | -869,000 | -316,000 | -522,000 | -436,000 | -494,000 | -688,000 | -2,915,000 | |||||||||||||||||||
repayment of notes payable | -476,000 | 0 | 0 | -1,000 | -470,000 | 0 | -1,000 | -464,000 | -765,000 | -1,837,000 | -1,630,000 | 0 | 1,000 | 7,000 | -375,000 | |||||||||||||||||||||||
principal paid for finance lease | -88,000 | -88,000 | -88,000 | -87,000 | -136,000 | -136,000 | -135,000 | -138,000 | -135,000 | -129,000 | -231,000 | -232,000 | -239,000 | -149,000 | -81,000 | -4,000 | ||||||||||||||||||||||
proceeds from exercise of stock options | 9,000 | 0 | 0 | 12,000 | 0 | 3,000 | 16,000 | 1,000 | 17,000 | 24,000 | 44,000 | 2,000 | 62,000 | 28,000 | 12,000 | 12,000 | 17,000 | 5,000 | 4,000 | 5,000 | 1,000 | 7,000 | 2,000 | 4,000 | 4,000 | |||||||||||||
net cash from financing activities | -44,833,000 | -534,000 | -445,000 | -2,638,000 | -11,172,000 | -327,000 | -567,000 | -1,146,000 | -2,807,000 | -25,951,000 | -4,474,000 | -16,259,000 | -1,101,000 | -29,593,000 | -35,462,000 | -11,152,000 | -934,000 | 13,154,000 | -2,989,000 | 27,893,000 | 47,347,000 | 218,903,000 | 42,571,000 | -59,000 | -164,000 | 27,639,000 | 1,127,000 | 5,000 | 4,000 | 5,000 | 1,000 | 7,000 | 2,000 | 4,000 | 4,000 | 37,854,000 | ||
effect of exchange rate changes on cash and cash equivalents | 3,000 | 75,000 | 15,000 | 4,000 | 11,000 | -134,000 | 157,000 | -9,000 | -69,000 | 145,000 | -116,000 | -206,000 | 28,000 | -279,000 | 387,000 | -571,000 | 10,000 | 36,000 | -3,000 | 3,000 | 18,000 | 2,000 | -3,000 | -1,000 | -17,000 | -14,000 | 15,000 | 0 | -23,000 | -43,000 | 22,000 | 12,000 | ||||||
net increase in cash, cash equivalents, and restricted cash | -26,794,000 | -67,448,000 | 29,761,000 | 20,599,000 | 12,137,000 | -2,898,000 | ||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 50,328,000 | 0 | 0 | 0 | 55,279,000 | 0 | ||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | 23,534,000 | -67,448,000 | 29,761,000 | 20,599,000 | 67,416,000 | -2,898,000 | ||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||||||||||||
income taxes paid, net of refunds received | -551,000 | |||||||||||||||||||||||||||||||||||||
interest paid | 44,000 | 4,000 | 4,000 | -17,000 | 61,000 | 50,000 | 10,000 | 21,000 | ||||||||||||||||||||||||||||||
supplemental disclosures of non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||
purchases of fixed assets in accounts payable | 2,606,000 | -377,000 | -510,000 | 259,000 | 2,322,000 | -682,000 | -2,295,000 | 44,000 | 4,739,000 | 511,000 | -2,437,000 | 1,188,000 | 2,537,000 | 1,299,000 | -468,000 | 104,000 | 2,054,000 | -1,204,000 | 1,537,000 | -59,000 | 801,000 | 580,000 | 2,325,000 | -323,000 | ||||||||||||||
acquisition of business in accrued liabilities | 141,000 | |||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for lease liabilities | 210,000 | 541,000 | 0 | 0 | 12,000 | 0 | 0 | 0 | 91,000 | 941,000 | 397,000 | 368,000 | 9,000 | 0 | 0 | |||||||||||||||||||||||
cash flow from operating activities | ||||||||||||||||||||||||||||||||||||||
goodwill impairment loss | ||||||||||||||||||||||||||||||||||||||
provision (adjustment) for credit losses | ||||||||||||||||||||||||||||||||||||||
loss on disposal of fixed asset | 0 | -1,000 | 0 | -2,000 | 103,000 | 45,000 | -11,000 | 183,000 | -124,000 | 418,000 | 202,000 | -9,000 | 59,000 | 250,000 | 71,000 | 181,000 | 375,000 | 223,000 | 320,000 | 0 | 0 | 0 | 33,000 | 4,000 | 51,000 | 0 | 0 | |||||||||||
discount premium of marketable securities | ||||||||||||||||||||||||||||||||||||||
net realized loss on marketable securities | -41,000 | 52,000 | 71,000 | 291,000 | 580,000 | |||||||||||||||||||||||||||||||||
impairment loss | 0 | 0 | ||||||||||||||||||||||||||||||||||||
cash flow from investing activities | ||||||||||||||||||||||||||||||||||||||
proceeds from sale of marketable securities | 2,742,000 | 25,929,000 | 18,696,000 | 56,903,000 | 6,769,000 | 0 | 0 | 133,407,000 | 29,940,000 | 104,113,000 | 9,023,000 | |||||||||||||||||||||||||||
acquisition of businesses, net of cash acquired | -34,924,000 | 0 | 0 | -43,359,000 | ||||||||||||||||||||||||||||||||||
cash flow from financing activities | ||||||||||||||||||||||||||||||||||||||
repayment of investment margin loan | 0 | |||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information | ||||||||||||||||||||||||||||||||||||||
income taxes paid | 63,509,000 | 133,000 | 32,749,000 | 54,000 | 946,000 | 24,739,000 | 596,000 | 1,307,000 | 563,000 | 62,000 | 956,000 | 1,680,000 | 12,000 | 1,199,000 | 54,547,000 | 435,000 | 67,529,000 | 49,560,000 | 119,947,000 | 33,000 | 20,584,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | ||||||||||
supplemental disclosures of non-cash investing and financing activities | ||||||||||||||||||||||||||||||||||||||
contingent consideration for business acquisition included in additional paid-in capital | 0 | |||||||||||||||||||||||||||||||||||||
holdback for acquisition of business included in other long-term liabilities | 0 | |||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets reduced due to lease modification and termination | -1,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||
operating lease liabilities removed due to purchasing underlying assets | 0 | |||||||||||||||||||||||||||||||||||||
finance lease right-of-use assets reduced due to lease modification and termination | 0 | |||||||||||||||||||||||||||||||||||||
amortization of discount of marketable securities | -1,097,000 | -1,406,000 | -1,658,000 | -1,335,000 | -1,486,000 | -1,184,000 | ||||||||||||||||||||||||||||||||
cash and cash equivalents | 29,761,000 | 20,599,000 | 67,281,000 | -2,898,000 | ||||||||||||||||||||||||||||||||||
restricted cash | 0 | 0 | 135,000 | 0 | ||||||||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash | 29,761,000 | 20,599,000 | 67,416,000 | -2,898,000 | ||||||||||||||||||||||||||||||||||
sale of fixed assets in other receivable | 11,000 | |||||||||||||||||||||||||||||||||||||
net income from consolidated operations | -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 | ||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||
(adjustment) provision for credit losses | ||||||||||||||||||||||||||||||||||||||
amortization of (discount) premium of marketable securities | -1,190,000 | -714,000 | -478,000 | |||||||||||||||||||||||||||||||||||
impairment of available-for-sale debt securities | 0 | |||||||||||||||||||||||||||||||||||||
purchase of preferred stock of privately held company | 0 | |||||||||||||||||||||||||||||||||||||
contingent consideration payout related to a business acquisition | 0 | 0 | 0 | -10,000,000 | ||||||||||||||||||||||||||||||||||
stock consideration in a business combination | ||||||||||||||||||||||||||||||||||||||
maturities of marketable securities in ither current assets | ||||||||||||||||||||||||||||||||||||||
purchases of fixed assets in notes payable | 0 | 0 | 0 | 3,833,000 | ||||||||||||||||||||||||||||||||||
finance lease right-of-use assets obtained in exchange for lease liabilities | 0 | |||||||||||||||||||||||||||||||||||||
prepaid income tax | ||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 10,434,000 | -42,796,000 | -2,663,000 | |||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 97,473,000 | 0 | 0 | 0 | 79,506,000 | 0 | 0 | 0 | 164,894,000 | 0 | 0 | 0 | 87,426,000 | 0 | 0 | 0 | 11,965,000 | ||||||||||||||||||||
cash and cash equivalents at end of period | 10,434,000 | 54,677,000 | 13,397,000 | 25,728,000 | -7,824,000 | 66,172,000 | -89,264,000 | 29,990,000 | -214,289,000 | 353,069,000 | -49,983,000 | 114,416,000 | -51,000,000 | 151,461,000 | 34,395,000 | 50,600,000 | -6,871,000 | 9,302,000 | ||||||||||||||||||||
gain for credit losses | -2,497,000 | |||||||||||||||||||||||||||||||||||||
operating and finance lease liabilities | -1,512,000 | -1,526,000 | -1,500,000 | -1,652,000 | -1,202,000 | -477,000 | -474,000 | |||||||||||||||||||||||||||||||
cash paid for interest | 439,000 | |||||||||||||||||||||||||||||||||||||
purchases of marketable securities in other current liabilities | 3,519,000 | |||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets reduced due to lease termination | 57,000 | |||||||||||||||||||||||||||||||||||||
provision (gain) for credit losses | ||||||||||||||||||||||||||||||||||||||
amortization (discount) of premium of marketable securities | ||||||||||||||||||||||||||||||||||||||
net loss on marketable securities | 513,000 | 591,000 | ||||||||||||||||||||||||||||||||||||
gain in equity-method investments | ||||||||||||||||||||||||||||||||||||||
income tax payable | -427,000 | -2,378,000 | -49,398,000 | 51,376,000 | -17,088,000 | -8,524,000 | -94,123,000 | 67,203,000 | 38,692,000 | 14,627,000 | -58,000 | 34,000 | -36,000 | |||||||||||||||||||||||||
purchases of intangible assets | ||||||||||||||||||||||||||||||||||||||
purchase of redeemable preferred stock | 0 | |||||||||||||||||||||||||||||||||||||
proceeds from public offerings of common stock, net of issuance costs | 13,849,000 | 203,898,000 | 27,648,000 | |||||||||||||||||||||||||||||||||||
proceeds from noncontrolling interest | 0 | 0 | ||||||||||||||||||||||||||||||||||||
principal paid for finance leases | ||||||||||||||||||||||||||||||||||||||
re-payment for the margin account | ||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 13,397,000 | -13,334,000 | -89,264,000 | 29,990,000 | -214,289,000 | 188,175,000 | -49,983,000 | 114,416,000 | -51,000,000 | 64,035,000 | 34,395,000 | 50,600,000 | ||||||||||||||||||||||||||
maturities of marketable securities in other current assets | ||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets reduced due to lease modification or termination | ||||||||||||||||||||||||||||||||||||||
finance lease right-of-use assets reduced due to lease modification or termination | ||||||||||||||||||||||||||||||||||||||
contingent consideration for business acquisition included in current liabilities | ||||||||||||||||||||||||||||||||||||||
public offerings costs included in accounts payable | -20,000 | 50,000 | -15,000 | 372,000 | 1,000 | 1,000 | -2,000 | |||||||||||||||||||||||||||||||
provision for credit losses | -2,347,000 | 11,574,000 | 4,824,000 | 848,000 | 2,195,000 | 1,064,000 | ||||||||||||||||||||||||||||||||
investment in private equity securities | 0 | -15,000,000 | ||||||||||||||||||||||||||||||||||||
purchase of marketable securities in other current liabilities | 500,000 | |||||||||||||||||||||||||||||||||||||
benefit from credit losses | -113,000 | 7,340,000 | 6,522,000 | |||||||||||||||||||||||||||||||||||
(gain) loss on disposal of fixed asset | -179,000 | |||||||||||||||||||||||||||||||||||||
net income on marketable securities | 66,000 | 9,000 | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||
(gain) loss in equity-method investments | ||||||||||||||||||||||||||||||||||||||
investment in equity-method investees | ||||||||||||||||||||||||||||||||||||||
borrowing under margin account | 29,000 | 29,000 | ||||||||||||||||||||||||||||||||||||
public offerings proceeds in other receivable included in other current assets | ||||||||||||||||||||||||||||||||||||||
allowance for credit losses at beginning of year | ||||||||||||||||||||||||||||||||||||||
impact of asu 2016-13 adoption | ||||||||||||||||||||||||||||||||||||||
current period provision | ||||||||||||||||||||||||||||||||||||||
write-downs | ||||||||||||||||||||||||||||||||||||||
allowance for credit losses at end of year | ||||||||||||||||||||||||||||||||||||||
gain on equity method investment | ||||||||||||||||||||||||||||||||||||||
contingent consideration for business acquisition included in other current liabilities | ||||||||||||||||||||||||||||||||||||||
loss in equity-method investments | ||||||||||||||||||||||||||||||||||||||
accounts receivable | -93,923,000 | -77,120,000 | -7,541,000 | 104,000 | -1,427,000 | 220,000 | -1,046,000 | 1,414,000 | 23,000 | -1,003,000 | -277,000 | -713,000 | -545,000 | 581,000 | 415,000 | -237,000 | ||||||||||||||||||||||
gain on equity-method investments | ||||||||||||||||||||||||||||||||||||||
customer deposit | -3,817,000 | 27,903,000 | 16,816,000 | |||||||||||||||||||||||||||||||||||
public offerings proceeds included in other current assets | ||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided (used in) by operating activities: | ||||||||||||||||||||||||||||||||||||||
holding loss on equity securities | 15,000 | 345,000 | ||||||||||||||||||||||||||||||||||||
proceeds from (payment for) public offerings of common stock, net of issuance costs | 27,869,000 | 47,787,000 | ||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets reduced due to lease modification | 0 | 185,000 | ||||||||||||||||||||||||||||||||||||
net income | 200,691,000 | 166,307,000 | 46,638,000 | -1,049,000 | -1,910,000 | -1,624,000 | -1,093,000 | -25,000 | 232,000 | |||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||
depreciation | 1,922,000 | 1,122,000 | 722,000 | 549,000 | 569,000 | 558,000 | 503,000 | 511,000 | 535,000 | 538,000 | 547,000 | |||||||||||||||||||||||||||
other current liabilities | 3,924,000 | |||||||||||||||||||||||||||||||||||||
repurchases of capital stock | -513,000 | -16,000 | 0 | 0 | -46,000 | |||||||||||||||||||||||||||||||||
provision for bad debt | 729,000 | 306,000 | 14,000 | 121,000 | 79,000 | 0 | 182,000 | 48,000 | 149,000 | 103,000 | ||||||||||||||||||||||||||||
impairment loss in equity method investments | ||||||||||||||||||||||||||||||||||||||
net cash from operations | -116,000 | 3,903,000 | 675,000 | 1,055,000 | -105,000 | -57,000 | -1,291,000 | |||||||||||||||||||||||||||||||
purchase of equipment contributed to equity-method investee | ||||||||||||||||||||||||||||||||||||||
investment in equity method investee | 0 | |||||||||||||||||||||||||||||||||||||
operating lease liabilities removed due to purchasing of underlying assets | ||||||||||||||||||||||||||||||||||||||
impairment loss in equity method investment | ||||||||||||||||||||||||||||||||||||||
proceeds from disposal of fixed assets | ||||||||||||||||||||||||||||||||||||||
purchase of equipment contributed to equity method investee | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||||||||||||||||||||||||||||||||||||||
payment of public offering costs | -87,000 | -130,000 | ||||||||||||||||||||||||||||||||||||
net loss | -1,956,000 | 1,462,000 | 331,000 | -1,908,000 | -2,053,000 | |||||||||||||||||||||||||||||||||
accrued liabilities and other current liabilities | 268,000 | |||||||||||||||||||||||||||||||||||||
fixed assets included in accounts payable | 43,000 | -40,000 | 45,000 | 12,000 | -938,000 | 1,005,000 | 6,000 | 115,000 | -44,000 | 932,000 | 11,000 | 1,076,000 | ||||||||||||||||||||||||||
benefit from bad debt | ||||||||||||||||||||||||||||||||||||||
accrued liabilities | 222,000 | -13,000 | -7,000 | 199,000 | -954,000 | 1,130,000 | 158,000 | 115,000 | -95,000 | 768,000 | 310,000 | |||||||||||||||||||||||||||
net increase in cash | -2,988,000 | -1,995,000 | 4,739,000 | -1,163,000 | -308,000 | |||||||||||||||||||||||||||||||||
cash balance at beginning of period | 0 | 0 | 6,736,000 | 0 | 0 | 0 | 6,490,000 | 0 | 0 | 0 | 7,897,000 | 0 | ||||||||||||||||||||||||||
cash balance at end of period | 11,357,000 | 3,877,000 | 5,288,000 | -1,753,000 | 4,835,000 | -1,620,000 | 5,274,000 | -2,988,000 | -1,995,000 | 4,739,000 | 6,734,000 | -308,000 | ||||||||||||||||||||||||||
net decrease in cash | 3,877,000 | -1,448,000 | 4,835,000 | -1,620,000 | -1,216,000 | |||||||||||||||||||||||||||||||||
deferred income taxes | -171,000 | |||||||||||||||||||||||||||||||||||||
other current assets | -124,000 | 193,000 | 147,000 | -125,000 | 9,000 | -721,000 | -482,000 | -343,000 | ||||||||||||||||||||||||||||||
taxes payable | 0 | -1,000 | -288,000 | 165,000 | ||||||||||||||||||||||||||||||||||
cash from operating activities | ||||||||||||||||||||||||||||||||||||||
sale of marketable securities | 0 | 0 | ||||||||||||||||||||||||||||||||||||
payment of initial public offering costs | 0 | 0 | ||||||||||||||||||||||||||||||||||||
income from discontinued operations | 0 | |||||||||||||||||||||||||||||||||||||
loss from continuing operations | ||||||||||||||||||||||||||||||||||||||
fair value adjustment recorded upon issuance of class d-2 preferred units | ||||||||||||||||||||||||||||||||||||||
cash from continuing operations | -1,241,000 | 500,000 | 1,365,000 | 707,000 | 1,254,000 | |||||||||||||||||||||||||||||||||
cash from discontinued operations | 0 | |||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of offering costs | ||||||||||||||||||||||||||||||||||||||
cash distributed in split-off of pharma business | 0 | |||||||||||||||||||||||||||||||||||||
distribution to class d-1 preferred unitholder | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of class d-2 preferred units | ||||||||||||||||||||||||||||||||||||||
repurchase and retirement of class d-1 preferred and class d common units | -1,000 | |||||||||||||||||||||||||||||||||||||
tax distribution to class d common and preferred unitholders | ||||||||||||||||||||||||||||||||||||||
initial public offering costs included in accounts payable and accrued expenses | ||||||||||||||||||||||||||||||||||||||
income from continuing operations | -1,093,000 | -25,000 | 232,000 | |||||||||||||||||||||||||||||||||||
return of capital contribution | ||||||||||||||||||||||||||||||||||||||
issuance costs of class d-2 preferred units | ||||||||||||||||||||||||||||||||||||||
tax distribution to class d common and preferred unitholders in other current liabilities | ||||||||||||||||||||||||||||||||||||||
deferred initial public offering costs included in accounts payable | ||||||||||||||||||||||||||||||||||||||
equity in net loss of affiliate | ||||||||||||||||||||||||||||||||||||||
excess tax benefits | -59,000 | |||||||||||||||||||||||||||||||||||||
capital contributions | ||||||||||||||||||||||||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||
research and development | ||||||||||||||||||||||||||||||||||||||
general and administrative | ||||||||||||||||||||||||||||||||||||||
total operating expenses | ||||||||||||||||||||||||||||||||||||||
operating income | ||||||||||||||||||||||||||||||||||||||
other income | ||||||||||||||||||||||||||||||||||||||
income | ||||||||||||||||||||||||||||||||||||||
weighted-average class p common units - profits interests - outstanding, basic and diluted | ||||||||||||||||||||||||||||||||||||||
weighted-average class p preferred units outstanding, basic and diluted | ||||||||||||||||||||||||||||||||||||||
gain on disposal of fixed assets | ||||||||||||||||||||||||||||||||||||||
amortization of premium on marketable securities | ||||||||||||||||||||||||||||||||||||||
fair value adjustment recorded upon issuance of d-2 preferred units | 0 | |||||||||||||||||||||||||||||||||||||
income taxes payable | ||||||||||||||||||||||||||||||||||||||
issuance of class d-2 preferred units, net of issuance costs | ||||||||||||||||||||||||||||||||||||||
recapitalization | ||||||||||||||||||||||||||||||||||||||
increase in accounts receivable | ||||||||||||||||||||||||||||||||||||||
increase in other current assets | ||||||||||||||||||||||||||||||||||||||
increase in accounts payable | ||||||||||||||||||||||||||||||||||||||
increase in accrued liabilities | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of d-2 units |
