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
DateValue
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