Fulgent Genetics, Inc. (FLGT) is a Healthcare stock trading at $19.93 (as of 2026-08-25), with a market capitalization of $548.38M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Fulgent Genetics, Inc., together with its subsidiaries, provides COVID-19, molecular diagnostic, and genetic testing services to physicians and patients in the United States and internationally. The company offers genetic tests comprising Focus and Comprehensive oncology panels tests; Beacon carrier screening panels test for inherited conditions; solid tumor molecular profiling for somatic cancer testing; rapid whole genome testing for children in NICU and PICU; newborn genetic analysis panel; single front-line test to detect ataxia-related variants and repeat expansions through sequencing; picture genetics, a patient-initiated genetic testing; whole exome and clinical exome panel tests; whole genome, mutation, and repeat expansion testing services, as well as research service tests. It also provides next generation sequencing and reverse transcription polymerase chain reaction-based tests, as well as antigen-based diagnostic tests for the detection of SARS-CoV-2. In addition, the company offers flow cytometry, a cell analysis technique providing diagnosis, prognosis, and monitoring of malignancies; fluorescence in-situ hybridization for detecting and locating a specific DNA sequence on a chromosome; immunohistochemistry, an imaging technique used to visualize antigens in cells; cytogenetics, which analyzes the chromosome set for numerical and structural abnormalities; and molecular testing that includes hematopoietic and solid tumor molecular assays. The company serves insurance, hospitals, medical institutions, other laboratories, governmental bodies, payors, municipalities and large corporations, and patients. Fulgent Genetics has strategic partnership with Helio Health, Inc. to commercialize blood-based early cancer detection tests. The company was formerly known as Fulgent Diagnostics, Inc. and changed its name to Fulgent Genetics, Inc. in August 2016. Fulgent Genetics, Inc. was founded in 2011 and is headquartered in Temple City, California.
Fulgent Genetics runs molecular labs performing genetic and oncology diagnostic tests for physicians and hospitals in the US and abroad, earning a fee per test delivered. The model is volume-driven with modest product diversification, and the company is layering in acquired platforms and an internal drug pipeline to broaden revenue.
A 30-cent gross margin per test dollar must fund integration of five acquisitions, an internal drug pipeline, and legacy G&A, so each additional test delivered currently widens the operating loss rather than narrowing it.
Business quality (Weak): Sub-35% gross margins paired with a 42% operating-loss ratio mean the company spends well over a dollar of cost for every dollar of gross profit; the grade stays Weak until billing systems stabilize and integration costs roll off.
| Price | $19.93 |
| Market Cap | $548.38M |
| Price / Book | 0.55 |
| Price / Sales | 1.76 |
| FCF Yield | -11.5% |
| Revenue (TTM) | $322.67M |
| Net Margin | -18.8% |
| Revenue Growth (YoY) | 13.8% |
| FCF Growth (YoY) | 545.1% |
| Altman Z-Score | 4.59 (safe) |
| Sector P/E (Healthcare) | 21.9 |
| Industry P/E (Healthcare Services) | 25.4 |
| Top Institutional Holder | BlackRock, Inc. ($44.11M) |
| Institutional Holders Tracked | 10 |
| Sector | Healthcare |
| Industry | Healthcare Services |
| CEO | Ming Hsieh |
| Employees | 1,313 |
| Country | US |
| IPO Date | 2016-09-29 |
Data as of 2026-08-25.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.