Fulgent Genetics, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 2025
FLGT$25.78-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $84,069 | $71,743 | $239,335 | $207,256 |
| Cost of revenue | 48,557 | 44,972 | 141,042 | 131,890 |
| Gross profit | 35,512 | 26,771 | 98,293 | 75,366 |
| Operating expenses | ||||
| Research and development | 13,860 | 11,783 | 39,735 | 36,703 |
| Selling and marketing | 11,642 | 9,124 | 32,393 | 26,708 |
| General and administrative | 23,335 | 20,950 | 75,018 | 63,765 |
| Amortization of intangible assets | 2,025 | 1,993 | 6,005 | 5,973 |
| Total operating expenses | 50,862 | 43,850 | 153,151 | 133,149 |
| Operating loss | (15,350) | (17,079) | (54,858) | (57,783) |
| Other income (expenses) | ||||
| Interest income | 7,874 | 8,090 | 23,983 | 23,181 |
| Interest expense | (28) | (14) | (59) | 210 |
| Impairment loss | — | (10,073) | (9,926) | (10,073) |
| Other (expense) income, net | (5) | 544 | 109 | 554 |
| Total other income (expense), net | 7,841 | (1,453) | 14,107 | 13,872 |
| Loss before income taxes | (7,509) | (18,532) | (40,751) | (43,911) |
| Benefit from income taxes | (683) | (3,838) | (2,770) | (6,281) |
| Net loss from consolidated operations | (6,826) | (14,694) | (37,981) | (37,630) |
| Net loss attributable to noncontrolling interests | 218 | 46 | 886 | 810 |
| Net loss attributable to Fulgent | $(6,608) | $(14,648) | $(37,095) | $(36,820) |
| Net loss per common share attributable to Fulgent | ||||
| Basic | $(0.21) | $(0.48) | $(1.21) | $(1.22) |
| Diluted | $(0.21) | $(0.48) | $(1.21) | $(1.22) |
| Weighted-average common shares: | ||||
| Basic | 30,749 | 30,416 | 30,708 | 30,095 |
| Diluted | 30,749 | 30,416 | 30,708 | 30,095 |
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