Fulgent Genetics, Inc.
For the period ended Jun 30, 2025. Filed Aug 1, 2025.
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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.
Jun 30, 2025 · Filed Aug 1, 2025
FLGT$26.15+10.2%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(in thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $81,803 | $71,028 | $155,266 | $135,513 |
| Cost of revenue | 47,368 | 44,537 | 92,485 | 86,918 |
| Gross profit | 34,435 | 26,491 | 62,781 | 48,595 |
| Operating expenses | ||||
| Research and development | 13,480 | 13,486 | 25,875 | 24,920 |
| Selling and marketing | 12,286 | 8,595 | 20,751 | 17,584 |
| General and administrative | 26,392 | 21,326 | 51,683 | 42,815 |
| Amortization of intangible assets | 1,990 | 1,990 | 3,980 | 3,980 |
| Total operating expenses | 54,148 | 45,397 | 102,289 | 89,299 |
| Operating loss | (19,713) | (18,906) | (39,508) | (40,704) |
| Other income (expenses) | ||||
| Interest income | 8,091 | 7,706 | 16,109 | 15,091 |
| Interest expense | (17) | (25) | (31) | 224 |
| Impairment loss | (9,926) | — | (9,926) | — |
| Other income, net | 46 | 11 | 114 | 2 |
| Total other (expense) income, net | (1,806) | 7,692 | 6,266 | 15,317 |
| Loss before income taxes | (21,519) | (11,214) | (33,242) | (25,387) |
| Benefit from income taxes | (2,263) | (2,124) | (2,087) | (2,451) |
| Net loss from consolidated operations | (19,256) | (9,090) | (31,155) | (22,936) |
| Net loss attributable to noncontrolling interests | 299 | 380 | 668 | 764 |
| Net loss attributable to Fulgent | $(18,957) | $(8,710) | $(30,487) | $(22,172) |
| Net loss per common share attributable to Fulgent | ||||
| Basic | $(0.62) | $(0.29) | $(0.99) | $(0.74) |
| Diluted | $(0.62) | $(0.29) | $(0.99) | $(0.74) |
| Weighted-average common shares: | ||||
| Basic | 30,544 | 30,098 | 30,687 | 29,933 |
| Diluted | 30,544 | 30,098 | 30,687 | 29,933 |
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