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Side-by-side financial comparison of Ategrity Specialty Insurance Co Holdings (ASIC) and Fulgent Genetics, Inc. (FLGT). Click either name above to swap in a different company.

Ategrity Specialty Insurance Co Holdings is the larger business by last-quarter revenue ($116.1M vs $71.1M, roughly 1.6× Fulgent Genetics, Inc.).

Ategrity Specialty Insurance Co Holdings is a specialty insurance holding company that provides commercial property and casualty insurance solutions. It primarily focuses on excess and surplus lines coverage, serving niche segments including construction, healthcare, and small business markets across the United States, offering tailored policies for unique, hard-to-place risks that standard carriers do not typically cover.

Fulgent Genetics, Inc. is a molecular diagnostics technology firm that develops and offers genetic testing services including carrier screening, oncology testing, infectious disease detection, and hereditary condition analysis, serving clinical providers, pharma firms, research institutions and public health groups primarily in North America.

ASIC vs FLGT — Head-to-Head

Bigger by revenue
ASIC
ASIC
1.6× larger
ASIC
$116.1M
$71.1M
FLGT

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ASIC
ASIC
FLGT
FLGT
Revenue
$116.1M
$71.1M
Net Profit
$22.7M
Gross Margin
30.2%
Operating Margin
25.6%
21.1%
Net Margin
19.5%
Revenue YoY
-3.2%
Net Profit YoY
EPS (diluted)
$0.45
$0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASIC
ASIC
FLGT
FLGT
Q1 26
$71.1M
Q4 25
$83.3M
Q3 25
$116.1M
$84.1M
Q2 25
$101.8M
$81.8M
Q1 25
$73.5M
Q4 24
$76.2M
Q3 24
$71.7M
Q2 24
$71.0M
Net Profit
ASIC
ASIC
FLGT
FLGT
Q1 26
Q4 25
$-23.4M
Q3 25
$22.7M
$-6.6M
Q2 25
$17.6M
$-19.0M
Q1 25
$-11.5M
Q4 24
$-5.9M
Q3 24
$-14.6M
Q2 24
$-8.7M
Gross Margin
ASIC
ASIC
FLGT
FLGT
Q1 26
30.2%
Q4 25
39.1%
Q3 25
42.2%
Q2 25
42.1%
Q1 25
38.6%
Q4 24
41.8%
Q3 24
37.3%
Q2 24
37.3%
Operating Margin
ASIC
ASIC
FLGT
FLGT
Q1 26
21.1%
Q4 25
-43.5%
Q3 25
25.6%
-18.3%
Q2 25
21.9%
-24.1%
Q1 25
-26.9%
Q4 24
-21.2%
Q3 24
-23.8%
Q2 24
-26.6%
Net Margin
ASIC
ASIC
FLGT
FLGT
Q1 26
Q4 25
-28.1%
Q3 25
19.5%
-7.9%
Q2 25
17.3%
-23.2%
Q1 25
-15.7%
Q4 24
-7.7%
Q3 24
-20.4%
Q2 24
-12.3%
EPS (diluted)
ASIC
ASIC
FLGT
FLGT
Q1 26
$0.04
Q4 25
Q3 25
$0.45
Q2 25
$0.39
Q1 25
Q4 24
Q3 24
Q2 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASIC
ASIC
FLGT
FLGT
Cash + ST InvestmentsLiquidity on hand
$34.3M
$23.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$588.6M
Total Assets
$1.4B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASIC
ASIC
FLGT
FLGT
Q1 26
$23.4M
Q4 25
$50.2M
Q3 25
$34.3M
$117.6M
Q2 25
$23.5M
$87.9M
Q1 25
$67.3M
Q4 24
$55.1M
Q3 24
$58.0M
Q2 24
$65.1M
Stockholders' Equity
ASIC
ASIC
FLGT
FLGT
Q1 26
Q4 25
$1.1B
Q3 25
$588.6M
$1.1B
Q2 25
$559.7M
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Total Assets
ASIC
ASIC
FLGT
FLGT
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.4B
$1.2B
Q2 25
$1.4B
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASIC
ASIC
FLGT
FLGT
Operating Cash FlowLast quarter
$41.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASIC
ASIC
FLGT
FLGT
Q1 26
Q4 25
$-78.1M
Q3 25
$41.1M
$11.1M
Q2 25
$50.8M
$-30.2M
Q1 25
$-4.4M
Q4 24
$25.0M
Q3 24
$-15.5M
Q2 24
$4.3M
Free Cash Flow
ASIC
ASIC
FLGT
FLGT
Q1 26
Q4 25
$-83.1M
Q3 25
$5.1M
Q2 25
$-37.0M
Q1 25
$-9.1M
Q4 24
$21.2M
Q3 24
$-35.0M
Q2 24
$-8.7M
FCF Margin
ASIC
ASIC
FLGT
FLGT
Q1 26
Q4 25
-99.7%
Q3 25
6.0%
Q2 25
-45.2%
Q1 25
-12.5%
Q4 24
27.9%
Q3 24
-48.8%
Q2 24
-12.2%
Capex Intensity
ASIC
ASIC
FLGT
FLGT
Q1 26
Q4 25
6.0%
Q3 25
7.2%
Q2 25
8.3%
Q1 25
6.4%
Q4 24
5.0%
Q3 24
27.2%
Q2 24
18.2%
Cash Conversion
ASIC
ASIC
FLGT
FLGT
Q1 26
Q4 25
Q3 25
1.81×
Q2 25
2.88×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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