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

Strategy Inc is the larger business by last-quarter revenue ($123.0M vs $71.1M, roughly 1.7× Fulgent Genetics, Inc.). On growth, Strategy Inc posted the faster year-over-year revenue change (1.9% vs -3.2%). Over the past eight quarters, Strategy Inc's revenue compounded faster (3.3% 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.

Strategy Inc., formerly known as MicroStrategy, is an American company that provides business intelligence (BI) and mobile software. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spahr, the firm develops software to analyze internal and external data in order to make business decisions and to develop mobile apps. It is a public company headquartered in Tysons Corner, Virginia, in the Washington metropolitan area. Its primary business analytics competitors include SAP SE Busin...

FLGT vs MSTR — Head-to-Head

Bigger by revenue
MSTR
MSTR
1.7× larger
MSTR
$123.0M
$71.1M
FLGT
Growing faster (revenue YoY)
MSTR
MSTR
+5.1% gap
MSTR
1.9%
-3.2%
FLGT
Faster 2-yr revenue CAGR
MSTR
MSTR
Annualised
MSTR
3.3%
0.1%
FLGT

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
FLGT
FLGT
MSTR
MSTR
Revenue
$71.1M
$123.0M
Net Profit
Gross Margin
30.2%
66.1%
Operating Margin
21.1%
Net Margin
Revenue YoY
-3.2%
1.9%
Net Profit YoY
EPS (diluted)
$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
FLGT
FLGT
MSTR
MSTR
Q1 26
$71.1M
Q4 25
$83.3M
$123.0M
Q3 25
$84.1M
$128.7M
Q2 25
$81.8M
$114.5M
Q1 25
$73.5M
$111.1M
Q4 24
$76.2M
$120.7M
Q3 24
$71.7M
$116.1M
Q2 24
$71.0M
$111.4M
Net Profit
FLGT
FLGT
MSTR
MSTR
Q1 26
Q4 25
$-23.4M
Q3 25
$-6.6M
$2.8B
Q2 25
$-19.0M
$10.0B
Q1 25
$-11.5M
$-4.2B
Q4 24
$-5.9M
$-670.8M
Q3 24
$-14.6M
$-340.2M
Q2 24
$-8.7M
$-102.6M
Gross Margin
FLGT
FLGT
MSTR
MSTR
Q1 26
30.2%
Q4 25
39.1%
66.1%
Q3 25
42.2%
70.5%
Q2 25
42.1%
68.8%
Q1 25
38.6%
69.4%
Q4 24
41.8%
71.7%
Q3 24
37.3%
70.4%
Q2 24
37.3%
72.2%
Operating Margin
FLGT
FLGT
MSTR
MSTR
Q1 26
21.1%
Q4 25
-43.5%
Q3 25
-18.3%
Q2 25
-24.1%
Q1 25
-26.9%
-5331.4%
Q4 24
-21.2%
-842.1%
Q3 24
-23.8%
-372.7%
Q2 24
-26.6%
-179.7%
Net Margin
FLGT
FLGT
MSTR
MSTR
Q1 26
Q4 25
-28.1%
Q3 25
-7.9%
2164.1%
Q2 25
-23.2%
8752.7%
Q1 25
-15.7%
-3797.2%
Q4 24
-7.7%
-555.8%
Q3 24
-20.4%
-293.1%
Q2 24
-12.3%
-92.0%
EPS (diluted)
FLGT
FLGT
MSTR
MSTR
Q1 26
$0.04
Q4 25
Q3 25
$8.42
Q2 25
$32.60
Q1 25
$-16.49
Q4 24
$4.49
Q3 24
$-1.72
Q2 24
$-0.57

Balance Sheet & Financial Strength

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

Metric
FLGT
FLGT
MSTR
MSTR
Cash + ST InvestmentsLiquidity on hand
$23.4M
$2.3B
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$44.1B
Total Assets
$1.2B
$61.6B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLGT
FLGT
MSTR
MSTR
Q1 26
$23.4M
Q4 25
$50.2M
$2.3B
Q3 25
$117.6M
$54.3M
Q2 25
$87.9M
$50.1M
Q1 25
$67.3M
$60.3M
Q4 24
$55.1M
$38.1M
Q3 24
$58.0M
$46.3M
Q2 24
$65.1M
$66.9M
Total Debt
FLGT
FLGT
MSTR
MSTR
Q1 26
Q4 25
$8.2B
Q3 25
$8.2B
Q2 25
$8.2B
Q1 25
$8.1B
Q4 24
$7.2B
Q3 24
$4.2B
Q2 24
$3.8B
Stockholders' Equity
FLGT
FLGT
MSTR
MSTR
Q1 26
Q4 25
$1.1B
$44.1B
Q3 25
$1.1B
$52.3B
Q2 25
$1.1B
$47.5B
Q1 25
$1.1B
$32.2B
Q4 24
$1.1B
$18.2B
Q3 24
$1.1B
$3.8B
Q2 24
$1.1B
$2.8B
Total Assets
FLGT
FLGT
MSTR
MSTR
Q1 26
$1.2B
Q4 25
$1.2B
$61.6B
Q3 25
$1.2B
$73.6B
Q2 25
$1.2B
$64.8B
Q1 25
$1.2B
$43.9B
Q4 24
$1.2B
$25.8B
Q3 24
$1.2B
$8.3B
Q2 24
$1.2B
$7.1B
Debt / Equity
FLGT
FLGT
MSTR
MSTR
Q1 26
Q4 25
0.19×
Q3 25
0.16×
Q2 25
0.17×
Q1 25
0.25×
Q4 24
0.39×
Q3 24
1.12×
Q2 24
1.36×

Financial Flow Comparison

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

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