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Side-by-side financial comparison of Fulgent Genetics, Inc. (FLGT) and Hut 8 Corp. (HUT). Click either name above to swap in a different company.

Hut 8 Corp. is the larger business by last-quarter revenue ($88.5M vs $71.1M, roughly 1.2× Fulgent Genetics, Inc.). On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs -3.2%). Over the past eight quarters, Hut 8 Corp.'s revenue compounded faster (30.8% CAGR vs 0.1%).

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.

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

FLGT vs HUT — Head-to-Head

Bigger by revenue
HUT
HUT
1.2× larger
HUT
$88.5M
$71.1M
FLGT
Growing faster (revenue YoY)
HUT
HUT
+182.4% gap
HUT
179.2%
-3.2%
FLGT
Faster 2-yr revenue CAGR
HUT
HUT
Annualised
HUT
30.8%
0.1%
FLGT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FLGT
FLGT
HUT
HUT
Revenue
$71.1M
$88.5M
Net Profit
$-279.7M
Gross Margin
30.2%
60.4%
Operating Margin
21.1%
-491.4%
Net Margin
-316.0%
Revenue YoY
-3.2%
179.2%
Net Profit YoY
-283.7%
EPS (diluted)
$0.04
$-2.45

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
FLGT
FLGT
HUT
HUT
Q1 26
$71.1M
Q4 25
$83.3M
$88.5M
Q3 25
$84.1M
$83.5M
Q2 25
$81.8M
$41.3M
Q1 25
$73.5M
$21.8M
Q4 24
$76.2M
$31.7M
Q3 24
$71.7M
$43.7M
Q2 24
$71.0M
$35.2M
Net Profit
FLGT
FLGT
HUT
HUT
Q1 26
Q4 25
$-23.4M
$-279.7M
Q3 25
$-6.6M
$50.1M
Q2 25
$-19.0M
$137.3M
Q1 25
$-11.5M
$-133.9M
Q4 24
$-5.9M
$152.2M
Q3 24
$-14.6M
$647.0K
Q2 24
$-8.7M
$-71.9M
Gross Margin
FLGT
FLGT
HUT
HUT
Q1 26
30.2%
Q4 25
39.1%
60.4%
Q3 25
42.2%
61.3%
Q2 25
42.1%
47.3%
Q1 25
38.6%
14.5%
Q4 24
41.8%
35.9%
Q3 24
37.3%
59.9%
Q2 24
37.3%
41.4%
Operating Margin
FLGT
FLGT
HUT
HUT
Q1 26
21.1%
Q4 25
-43.5%
-491.4%
Q3 25
-18.3%
87.0%
Q2 25
-24.1%
Q1 25
-26.9%
-676.8%
Q4 24
-21.2%
Q3 24
-23.8%
-3.6%
Q2 24
-26.6%
-246.2%
Net Margin
FLGT
FLGT
HUT
HUT
Q1 26
Q4 25
-28.1%
-316.0%
Q3 25
-7.9%
60.0%
Q2 25
-23.2%
332.5%
Q1 25
-15.7%
-613.7%
Q4 24
-7.7%
480.3%
Q3 24
-20.4%
1.5%
Q2 24
-12.3%
-204.1%
EPS (diluted)
FLGT
FLGT
HUT
HUT
Q1 26
$0.04
Q4 25
$-2.45
Q3 25
$0.43
Q2 25
$1.18
Q1 25
$-1.30
Q4 24
$1.41
Q3 24
$0.01
Q2 24
$-0.78

Balance Sheet & Financial Strength

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

Metric
FLGT
FLGT
HUT
HUT
Cash + ST InvestmentsLiquidity on hand
$23.4M
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
Total Assets
$1.2B
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLGT
FLGT
HUT
HUT
Q1 26
$23.4M
Q4 25
$50.2M
$44.9M
Q3 25
$117.6M
$33.5M
Q2 25
$87.9M
$216.3M
Q1 25
$67.3M
$108.4M
Q4 24
$55.1M
$85.0M
Q3 24
$58.0M
Q2 24
$65.1M
Total Debt
FLGT
FLGT
HUT
HUT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$300.6M
Q3 24
$297.3M
Q2 24
$328.8M
Stockholders' Equity
FLGT
FLGT
HUT
HUT
Q1 26
Q4 25
$1.1B
$1.4B
Q3 25
$1.1B
$1.4B
Q2 25
$1.1B
$1.3B
Q1 25
$1.1B
$960.0M
Q4 24
$1.1B
$976.7M
Q3 24
$1.1B
$703.9M
Q2 24
$1.1B
$660.1M
Total Assets
FLGT
FLGT
HUT
HUT
Q1 26
$1.2B
Q4 25
$1.2B
$2.8B
Q3 25
$1.2B
$2.7B
Q2 25
$1.2B
$2.0B
Q1 25
$1.2B
$1.6B
Q4 24
$1.2B
$1.5B
Q3 24
$1.2B
$1.1B
Q2 24
$1.2B
$1.1B
Debt / Equity
FLGT
FLGT
HUT
HUT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.31×
Q3 24
0.42×
Q2 24
0.50×

Cash Flow & Capital Efficiency

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

Metric
FLGT
FLGT
HUT
HUT
Operating Cash FlowLast quarter
$-139.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLGT
FLGT
HUT
HUT
Q1 26
Q4 25
$-78.1M
$-139.2M
Q3 25
$11.1M
$770.0K
Q2 25
$-30.2M
$-48.8M
Q1 25
$-4.4M
$-33.8M
Q4 24
$25.0M
$-68.5M
Q3 24
$-15.5M
$-4.2M
Q2 24
$4.3M
$-16.4M
Free Cash Flow
FLGT
FLGT
HUT
HUT
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
FLGT
FLGT
HUT
HUT
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
FLGT
FLGT
HUT
HUT
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
FLGT
FLGT
HUT
HUT
Q1 26
Q4 25
Q3 25
0.02×
Q2 25
-0.36×
Q1 25
Q4 24
-0.45×
Q3 24
-6.49×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLGT
FLGT

Segment breakdown not available.

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

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