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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 87,880 $ 55,144
Marketable securities 205,047 202,962
Trade accounts receivable, net of allowance for credit losses of $21,416 as of June 30, 2025, and $20,458 as of December 31, 2024 77,190 69,021
Other current assets 58,610 26,444
Total current assets 428,727 353,571
Marketable securities, long-term 484,471 570,351
Intangible assets, net 131,060 134,978
Fixed assets, net 110,223 105,549
Goodwill 22,055 22,055
Other long-term assets 23,302 33,460
Total assets 1,199,838 1,219,964
Current liabilities    
Accounts payable 18,887 18,364
Accrued liabilities 21,699 24,279
Customer deposit 27,600 27,610
Contract liabilities 2,673 2,234
Notes payable, current 476 412
Total current liabilities 71,335 72,899
Deferred tax liabilities 6,124 6,370
Unrecognized tax benefits 4,838 4,563
Other long-term liabilities 5,905 6,973
Total liabilities 88,202 90,805
Commitments and Contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value per share, 50,000 shares authorized, 34,028 shares issued and 30,608 shares outstanding as of June 30, 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 June 30, 2025, and December 31, 2024
Additional paid-in capital 550,599 543,126
Accumulated other comprehensive income (loss) 5,998 (368)
Retained earnings 559,980 590,467
Total Fulgent stockholders' equity 1,116,580 1,133,228
Noncontrolling interest (4,944) (4,069)
Total stockholders’ equity 1,111,636 1,129,159
Total liabilities and stockholders’ equity $ 1,199,838 $ 1,219,964