Fulgent Genetics (FLGT) Operating Expenses (2015 - 2026)
Fulgent Genetics' (FLGT) quarterly Operating Expenses came in at $56.1 million in Q1 2026, up 16.56% year-on-year from $48.1 million in Q1 2025, and down 18.47% quarter-over-quarter from $68.8 million in Q4 2025.
Fulgent Genetics (FLGT) Operating Expenses (2015 - 2026) Analysis & Trends
Fulgent Genetics has disclosed Operating Expenses across 12 years of filings, most recently posting $56.1 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $56.1 million, up 16.56% year-over-year; the trailing twelve-month figure through Mar 2026 was $229.9 million (up 24.04% YoY), and the FY2025 annual result was $222.0 million, up 22.55% from the prior year.
- Operating Expenses came in at $56.1 million for Q1 2026 at Fulgent Genetics, down from $68.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $176.4 million in Q4 2023 to a low of $39.6 million in Q3 2023.
- The 5-year median for Operating Expenses is $48.0 million (2024), against an average of $55.7 million.
- Across the five-year window, Operating Expenses surged 255.98% in 2023 and tumbled 72.79% in 2024, its largest moves.
- Fulgent Genetics' Operating Expenses stood at $49.5 million in 2022, then soared by 255.98% to $176.4 million in 2023, then plunged by 72.79% to $48.0 million in 2024, then surged by 43.42% to $68.8 million in 2025, then retreated by 18.47% to $56.1 million in 2026.
- The last three Operating Expenses figures came in at $56.1 million (Q1 2026), $68.8 million (Q4 2025), and $50.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 1.31 Bn |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 9.14 Bn |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 2.25 Bn |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 360.15 Mn |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 1.44 Bn |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 553.00 Mn |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 790.16 Mn |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 512.00 Mn |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 316.87 Mn |
| 10 | Fulgent Genetics | 574.08 Mn | 292.12 Mn | 21.49 Mn | 56.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 56.11 Mn |
| Dec 31, 2025 | 68.82 Mn |
| Sep 30, 2025 | 50.86 Mn |
| Jun 30, 2025 | 54.15 Mn |
| Mar 31, 2025 | 48.14 Mn |
| Dec 31, 2024 | 47.98 Mn |
| Sep 30, 2024 | 43.85 Mn |
| Jun 30, 2024 | 45.40 Mn |
| Mar 31, 2024 | 43.90 Mn |
| Dec 31, 2023 | 176.35 Mn |
| Sep 30, 2023 | 39.63 Mn |
| Jun 30, 2023 | 40.37 Mn |
| Mar 31, 2023 | 43.64 Mn |
| Dec 31, 2022 | 49.54 Mn |
| Sep 30, 2022 | 45.74 Mn |
| Jun 30, 2022 | 52.48 Mn |
| Mar 31, 2022 | 40.61 Mn |
| Dec 31, 2021 | 38.68 Mn |
| Sep 30, 2021 | 25.13 Mn |
| Jun 30, 2021 | 18.86 Mn |