Fulgent Genetics, Inc.
For the period ended Mar 31, 2025. Filed May 2, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 2, 2025
FLGT$26.15+10.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(in thousands, except par value data)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $67,281 | $55,144 |
| Marketable securities | 253,040 | 202,962 |
| Trade accounts receivable, net of allowance for credit losses of $20,935 as of March 31, 2025, and $20,458 as of December 31, 2024 | 71,478 | 69,021 |
| Other current assets | 24,985 | 26,444 |
| Total current assets | 416,784 | 353,571 |
| Marketable securities, long-term | 494,111 | 570,351 |
| Intangible assets, net | 133,009 | 134,978 |
| Fixed assets, net | 107,077 | 105,549 |
| Goodwill | 22,055 | 22,055 |
| Other long-term assets | 32,708 | 33,460 |
| Total assets | $1,205,744 | $1,219,964 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $18,238 | $18,364 |
| Accrued liabilities | 16,689 | 24,279 |
| Customer deposit | 27,695 | 27,610 |
| Contract liabilities | 2,817 | 2,234 |
| Notes payable, current | 476 | 412 |
| Total current liabilities | 65,915 | 72,899 |
| Deferred tax liabilities | 6,237 | 6,370 |
| Unrecognized tax benefits | 4,700 | 4,563 |
| Other long-term liabilities | 6,122 | 6,973 |
| Total liabilities | 82,974 | 90,805 |
| Commitments and Contingencies (Note 8) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value per share, 50,000 shares authorized, 33,863 shares issued and 30,621 shares outstanding as of March 31, 2025, and 33,614 shares issued and 30,841 shares outstanding as of December 31, 2024 | 3 | 3 |
| Preferred stock, $0.0001 par value per share, 1,000 shares authorized, no shares issued or outstanding as of March 31, 2025, and December 31, 2024 | — | — |
| Additional paid-in capital | 543,903 | 543,126 |
| Accumulated other comprehensive income (loss) | 4,335 | (368) |
| Retained earnings | 578,937 | 590,467 |
| Total Fulgent stockholders’ equity | 1,127,178 | 1,133,228 |
| Noncontrolling interest | (4,408) | (4,069) |
| Total stockholders’ equity | 1,122,770 | 1,129,159 |
| Total liabilities and stockholders’ equity | $1,205,744 | $1,219,964 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.