Feed / FLGT

Fulgent Genetics, Inc.

FLGT

Healthcare · 20.34 +2.4% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:05 GMT-4

Market read

Fulgent Genetics, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 12 directly disclosed connections are confirming.

Company+2.4% todayVolume comparison unavailable
Market group0 of 37 activeHealthcare REITs & Services · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • FLGT's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if FLGT's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Diagnostics & Research

No new filing conclusion is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 12 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • FLGT's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements101
Verified relationships10
Evidence supporting the case
  • Latest annual revenue changed +13.8% year over year.
Evidence challenging the case
  • Operating margin changed -2.2 percentage points in the latest annual period.
  • Net margin changed -3.7 percentage points in the latest annual period.
Questions before a position
  • EV/sales is 60% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

20.14
6m+31.4%12m-6.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$992.6M+135.4%+28.8%
2022-12-31$619.0M-37.6%-0.0%
2023-12-31$289.2M-53.3%-3.8%
2024-12-31$283.5M-2.0%+1.5%
2025-12-31$322.7M+13.8%+1.8%

What management says matters

Persistent and emerging business drivers

Input and raw-material costspositive · 2 filings
The increase was primarily due to increases of $2.0 million in personnel expenses due to increased headcount, $0.6 million in consulting and outside labor costs, $0.3 million in reagent and supply costs, $0.3 million in software and software licensing, and $0…
10-Q · Nov 7, 2025
Labor availability and costspositive · 2 filings
The increase was primarily due to increases of $2.0 million in personnel expenses due to increased headcount, $0.6 million in consulting and outside labor costs, $0.3 million in reagent and supply costs, $0.3 million in software and software licensing, and $0…
10-Q · Nov 7, 2025
Restructuring and cost reductionsnegative · 2 filings
This was primarily due to those clients experiencing significant financial distress, undergoing restructuring, shifting their focus, reacting to changing market dynamics, or concluding large clinical trials.
10-K · Feb 27, 2026
Customer concentrationnegative · 1 filings
32 The decrease in precision diagnostics revenue was driven by the decline in revenue from our largest customer as this customer begins to perform tests internally.
10-Q · May 1, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.9× · EV/sales 1.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

20.34+2.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:05 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for FLGT. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for FLGT. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind FLGT

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ABTAbbott LaboratoriessupplierFeb 27, 2026

In particular, we rely on Illumina Inc., or Illumina, as the sole supplier of the next generation sequencers and associated reagents we use to perform our genetic tests and as the sole provider of maintenance and repair services for these sequencers; on Roche…

ILMNIllumina, Inc.supplierFeb 27, 2026

In particular, we rely on Illumina Inc., or Illumina, as the sole supplier of the next generation sequencers and associated reagents we use to perform our genetic tests and as the sole provider of maintenance and repair services for these sequencers; on Roche…

Depended on by

BLLNBillionToOne, Inc.competitorMar 11, 2026

We also compete with companies providing carrier screening tests such as Fulgent Genetics, Labcorp, Myriad, Natera, and Quest.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 13 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

FLGT is currently a Follower in the organic co-movement group Healthcare REITs & Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for FLGT; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.