FLGT

Healthcare

Fulgent Genetics, Inc. · Medical - Diagnostics & Research · $490M

UQS Score — Balanced Preset
25.0
Poor

Fulgent Genetics, Inc. scores 25.0/100 using the Balanced preset.

UQS vs Healthcare Sector
FLGT
25.0
Sector avg
32.4
Quality
Weak
Moat
Weak
Growth
Weak
Risk
Good
Valuation
Elevated

What is Fulgent Genetics, Inc.?

Fulgent Genetics is a small-cap healthcare company specializing in molecular diagnostic and genetic testing services. Founded in 2016 and headquartered in El Monte, California, it serves physicians, patients, and insurers across the United States and internationally.

Fulgent Genetics generates revenue by providing a broad menu of genetic and diagnostic tests. Its offerings span oncology panels, carrier screening, whole genome sequencing, and COVID-19 detection. The company serves insurance providers, healthcare systems, and individual patients, processing tests through its proprietary sequencing platform. Revenue comes from test reimbursements and direct service fees, with a growing emphasis on specialty genetic testing as pandemic-era COVID volumes have declined.

Fulgent Genetics was founded in 2016 and is headquartered in El Monte, California.

  • Oncology panel testing for solid tumor and hematologic cancers
  • Carrier screening panels for inherited genetic conditions
  • Whole genome and whole exome sequencing services
  • COVID-19 molecular and antigen diagnostic testing
  • Newborn and NICU rapid genetic analysis panels

Is FLGT a Good Stock to Buy?

UQS Score rates FLGT as Poor overall, reflecting broad weakness across most of the five scoring pillars.

The Risk pillar stands out as the clearest relative strength — suggesting the company carries a manageable balance sheet profile compared to many small-cap peers in the diagnostics space. This provides some downside cushion even as other areas of the business face headwinds.

Quality, Moat, and Growth all register as Weak, pointing to thin competitive differentiation, deteriorating fundamentals, and limited near-term expansion momentum. Valuation is rated Elevated, meaning the current price does not appear to reflect these underlying challenges.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does FLGT pay dividends?

No — Fulgent Genetics, Inc. does not currently pay a dividend.

Fulgent Genetics does not currently pay a dividend. For a company navigating a post-pandemic revenue reset and investing in expanding its specialty genetic testing menu, retaining capital rather than distributing it is a common strategic posture. Income-focused investors should note that no dividend is on offer at this time.

When does FLGT report earnings?

Fulgent Genetics reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.

The company has faced meaningful revenue pressure as COVID-19 testing volumes normalized, shifting focus toward its core genetic testing business. Growth in specialty panels has not yet fully offset the decline in pandemic-era volumes, which has weighed on reported results.

For the most recent quarter's results and forward guidance, visit Fulgent Genetics' investor relations page directly.

FLGT Price History

-78.5% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Fulgent Genetics, Inc.?

$
Today it would be worth
$1,923
That's a -80.8% total return, or -28.1% annualized.

Based on Fulgent Genetics, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

FLGT Long-term Outlook

The UQS Growth pillar for FLGT is rated Weak, reflecting the difficulty of rebuilding a durable revenue base after the COVID testing windfall. The Risk pillar's Good rating suggests the company has financial flexibility to fund its transition, but the Weak Moat and Quality ratings indicate structural challenges in defending market share and generating consistent returns. The Elevated Valuation rating adds further caution — the current price appears to price in a recovery that the fundamentals have not yet confirmed.

Growth drivers

  • Expansion of specialty oncology and rare disease genetic panels
  • Growing demand for whole genome sequencing in clinical settings
  • International market development for diagnostic services

Key risks

  • Continued revenue normalization as COVID testing demand fades
  • Intense competition from larger, better-resourced diagnostics companies
  • Elevated valuation relative to current earnings power

FLGT vs Peers

Fulgent Genetics operates in a competitive diagnostics and genetic testing landscape alongside several specialized peers.

ACRSFLGT scores higher
Aclaris Therapeutics, Inc.

Aclaris focuses on dermatology therapeutics rather than diagnostics, representing a different approach to the broader healthcare small-cap space.

MYGNFLGT scores lower
Myriad Genetics, Inc.

Myriad Genetics is a more established genetic testing company with a longer commercial history and broader hereditary cancer testing franchise.

PSNLFLGT scores higher
Personalis, Inc.

Personalis targets advanced genomic profiling for oncology research and biopharma partnerships, competing in the precision medicine data segment.

Frequently Asked Questions

What does Fulgent Genetics do?

Fulgent Genetics provides molecular diagnostic and genetic testing services to physicians, patients, and insurers. Its test menu covers oncology panels, carrier screening, whole genome sequencing, and COVID-19 detection. The company processes tests through its proprietary sequencing platform and serves customers in the United States and internationally.

Does FLGT pay dividends?

No, Fulgent Genetics does not currently pay a dividend. The company retains capital to support its operations and invest in expanding its specialty genetic testing capabilities. Investors seeking dividend income should look elsewhere in the healthcare sector.

When does FLGT report earnings?

Fulgent Genetics follows a standard quarterly earnings reporting schedule. Specific dates are not covered by our data source — check the company's investor relations page for the most current schedule and recent results.

Is FLGT a good stock to buy?

UQS Score rates FLGT as Poor, driven by Weak readings across Quality, Moat, and Growth pillars. The Risk pillar is a relative bright spot, but the Elevated Valuation rating suggests the stock may not be priced to reflect its current fundamental challenges. The full pillar breakdown is available to Pro members.

Is FLGT overvalued?

The UQS Valuation pillar for FLGT is rated Elevated, indicating the current market price appears high relative to the company's underlying financial profile. Given Weak Growth and Quality ratings, the valuation gap is a notable concern for investors evaluating entry points.

How does FLGT compare to its competitors?

Among peers like Myriad Genetics and Personalis, Fulgent differentiates through its broad test menu and proprietary sequencing technology. However, its Poor overall UQS Score suggests it currently lags on quality and moat metrics relative to more established diagnostics companies. The competitor comparison table on this page provides a side-by-side UQS view.

What is FLGT's market cap bracket?

Fulgent Genetics is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but also carries higher volatility and liquidity risk compared to large- or mega-cap healthcare names.

Who founded Fulgent Genetics?

Fulgent Genetics was founded in 2016. Founding details, including the names of its founders, are publicly available through the company's official filings and investor relations materials.

Is FLGT a long-term quality investment?

As a long-term quality indicator, the UQS Score for FLGT currently rates as Poor. Weak Moat and Quality pillar scores suggest the company has not yet established the durable competitive advantages typically associated with long-term compounders. The Risk pillar's Good rating offers some stability, but sustained improvement across other pillars would be needed to change this picture.

What is the main competitive advantage of Fulgent Genetics?

Fulgent's proprietary sequencing platform and broad, flexible test menu allow it to offer a wide range of genetic tests without relying entirely on third-party technology. However, the UQS Moat pillar rates this advantage as Weak, suggesting competitors have been able to replicate or surpass key elements of its offering.

What sector does FLGT belong to?

Fulgent Genetics operates in the Healthcare sector, specifically within molecular diagnostics and genetic testing services. It sits at the intersection of clinical laboratory services and genomics, a segment that has seen significant growth and competition over the past several years.

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Pro Analysis

FLGT — Score History

1520253035Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 4 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 17, 202625.14.620.039.673.40.0+1.9
May 4, 202623.24.620.036.764.80.0-0.1
Apr 24, 202623.34.620.037.364.80.0+0.3
Apr 2, 202623.04.620.035.664.80.0

FLGT — Pillar Breakdown

Quality

4.6/100 (25%)

Fulgent Genetics, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationWeak

Free cash flow relative to market value.

Growth

39.6/100 (20%)

Fulgent Genetics, Inc. shows steady but unspectacular growth, typical for mature companies.

Recent Revenue TrendModerate

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Risk

73.1/100 (15%)

Fulgent Genetics, Inc. maintains a reasonable risk profile with manageable debt levels.

Financial LeverageStrong

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioStrong

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

0.0/100 (15%)

Fulgent Genetics, Inc. appears expensively valued relative to its fundamentals and growth prospects.

Moat

20/100 (25%)

Fulgent Genetics, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for FLGT.

Score Composition

Quality
4.6×25%1.1
Growth
39.6×20%7.9
Risk
73.1×15%11.0
Valuation
0.0×15%0.0
Moat
20.0×25%5.0
Total
25.0Poor

Financial Data

More Stock Analysis

How is the FLGT UQS Score Calculated?

The UQS (Unified Quality Score) for Fulgent Genetics, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Fulgent Genetics, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Fulgent Genetics, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.