Fulgent Genetics (FLGT) Research & Development (2015 - 2026)
Fulgent Genetics (FLGT) reported Research & Development of $14.55 million for Q2 2026, up 8.0% from $13.48 million a year earlier and up 2.7% from the prior quarter.
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Analysis
Fulgent Genetics (FLGT) Research & Development (2015 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Fulgent Genetics' Research & Development came in at $56.76 million, up 14.0% year-over-year; for FY2025, it came in at $53.91 million, up 10.4% from FY2024.
- Research & Development has increased for nine consecutive years, with a five-year compound annual growth rate of 36.0% (FY2020 to FY2025).
- By year, Research & Development came in at $48.82 million in FY2024 (+17.8%), $41.44 million in FY2023 (+43.3%), $28.91 million in FY2022 (+19.4%) and $24.22 million in FY2021 (+109.1%).
- The Q2 2026 figure ranks as the highest quarterly Research & Development in data going back to Q1 2015.
- Year over year, Research & Development has now increased in each of the last four quarters, with growth averaging 10.5% over the last eight quarters.
- The year-over-year growth in Research & Development has ranged between 0.0% (Q2 2025) and 89.5% (Q3 2021) over the last five years.
- Per Business Quant data, the three quarters before Q2 2026 came in at $14.18 million (Q1 2026), $14.17 million (Q4 2025) and $13.86 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 101.88 Bn | 97.89 Bn | - | - |
| 2 | Natera | 58.37 Bn | 54.06 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Labcorp Holdings | 26.42 Bn | 24.17 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 26.26 Bn | 24.39 Bn | 1.03 Bn | - |
| 5 | Tenet Healthcare | 22.59 Bn | 11.60 Bn | - | - |
| 6 | Guardant Health | 21.35 Bn | 17.41 Bn | 219.03 Mn | 96.53 Mn |
| 7 | BrightSpring Health Services | 12.97 Bn | 11.30 Bn | 492.75 Mn | - |
| 8 | Fresenius Medical Care AG | 12.89 Bn | 4.84 Bn | 1.52 Bn | 46.06 Mn |
| 9 | Davita | 12.28 Bn | 9.49 Bn | 1.16 Bn | - |
| 10 | Fulgent Genetics | 574.10 Mn | -671.11 Mn | 25.68 Mn | 14.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.55 Mn |
| Mar 31, 2026 | 14.18 Mn |
| Dec 31, 2025 | 14.17 Mn |
| Sep 30, 2025 | 13.86 Mn |
| Jun 30, 2025 | 13.48 Mn |
| Mar 31, 2025 | 12.40 Mn |
| Dec 31, 2024 | 12.11 Mn |
| Sep 30, 2024 | 11.78 Mn |
| Jun 30, 2024 | 13.49 Mn |
| Mar 31, 2024 | 11.43 Mn |
| Dec 31, 2023 | 11.95 Mn |
| Sep 30, 2023 | 10.01 Mn |
| Jun 30, 2023 | 9.69 Mn |
| Mar 31, 2023 | 9.78 Mn |
| Dec 31, 2022 | 8.51 Mn |
| Sep 30, 2022 | 7.51 Mn |
| Jun 30, 2022 | 6.91 Mn |
| Mar 31, 2022 | 5.99 Mn |
| Dec 31, 2021 | 7.46 Mn |
| Sep 30, 2021 | 6.02 Mn |
API Access
Fulgent Genetics Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=FLGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "FLGT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=FLGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();