Fulgent Genetics (FLGT) Operating Expenses (2015 - 2026)
Fulgent Genetics (FLGT) posted Operating Expenses of $56.1 million for Q1 2026, down 18.47% sequentially from $68.8 million in Q4 2025, and up 16.56% YoY from $48.1 million in Q1 2025.
Fulgent Genetics (FLGT) Operating Expenses (2015 - 2026) Analysis & Trends
Fulgent Genetics (FLGT) has 12 years of Operating Expenses data on file, last reported at $56.1 million in Q1 2026.
- Quarterly Operating Expenses rose 16.56% year-over-year to $56.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $229.9 million (up 24.04% YoY) and the FY2025 annual result came in at $222.0 million, up 22.55% from the prior year.
- Operating Expenses fell to $56.1 million in Q1 2026 per FLGT's latest filing, from $68.8 million in the prior quarter.
- The five-year high for Operating Expenses was $176.4 million in Q4 2023, with the low at $39.6 million in Q3 2023.
- Average Operating Expenses over 5 years is $55.7 million, with a median of $48.0 million recorded in 2024.
- Year-over-year, Operating Expenses soared 255.98% in 2023 and sank 72.79% in 2024.
- Fulgent Genetics' Operating Expenses stood at $49.5 million in 2022, then soared by 255.98% to $176.4 million in 2023, then sank by 72.79% to $48.0 million in 2024, then surged by 43.42% to $68.8 million in 2025, then dropped by 18.47% to $56.1 million in 2026.
- Business Quant data shows FLGT's Operating Expenses at $56.1 million in Q1 2026, $68.8 million in Q4 2025, and $50.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 1.31 Bn |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 9.14 Bn |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 2.25 Bn |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 360.15 Mn |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 790.16 Mn |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 1.44 Bn |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 553.00 Mn |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 512.00 Mn |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 316.87 Mn |
| 10 | Fulgent Genetics | 642.94 Mn | 360.99 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 |