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
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