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

Fulgent Genetics, Inc. is the larger business by last-quarter revenue ($71.1M vs $38.5M, roughly 1.8× Orchid Island Capital, Inc.). On growth, Orchid Island Capital, Inc. posted the faster year-over-year revenue change (372.6% vs -3.2%). Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% 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.

Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.

FLGT vs ORC — Head-to-Head

Bigger by revenue
FLGT
FLGT
1.8× larger
FLGT
$71.1M
$38.5M
ORC
Growing faster (revenue YoY)
ORC
ORC
+375.8% gap
ORC
372.6%
-3.2%
FLGT
Faster 2-yr revenue CAGR
ORC
ORC
Annualised
ORC
301.6%
0.1%
FLGT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FLGT
FLGT
ORC
ORC
Revenue
$71.1M
$38.5M
Net Profit
$103.4M
Gross Margin
30.2%
Operating Margin
21.1%
Net Margin
268.7%
Revenue YoY
-3.2%
372.6%
Net Profit YoY
1764.9%
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
ORC
ORC
Q1 26
$71.1M
Q4 25
$83.3M
$38.5M
Q3 25
$84.1M
$26.9M
Q2 25
$81.8M
$23.2M
Q1 25
$73.5M
$19.7M
Q4 24
$76.2M
Q3 24
$71.7M
$340.0K
Q2 24
$71.0M
$-697.0K
Net Profit
FLGT
FLGT
ORC
ORC
Q1 26
Q4 25
$-23.4M
$103.4M
Q3 25
$-6.6M
$72.1M
Q2 25
$-19.0M
$-33.6M
Q1 25
$-11.5M
$17.1M
Q4 24
$-5.9M
Q3 24
$-14.6M
$17.3M
Q2 24
$-8.7M
$-5.0M
Gross Margin
FLGT
FLGT
ORC
ORC
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
FLGT
FLGT
ORC
ORC
Q1 26
21.1%
Q4 25
-43.5%
Q3 25
-18.3%
Q2 25
-24.1%
Q1 25
-26.9%
Q4 24
-21.2%
Q3 24
-23.8%
Q2 24
-26.6%
Net Margin
FLGT
FLGT
ORC
ORC
Q1 26
Q4 25
-28.1%
268.7%
Q3 25
-7.9%
267.8%
Q2 25
-23.2%
-145.0%
Q1 25
-15.7%
86.9%
Q4 24
-7.7%
Q3 24
-20.4%
5094.1%
Q2 24
-12.3%
714.3%
EPS (diluted)
FLGT
FLGT
ORC
ORC
Q1 26
$0.04
Q4 25
Q3 25
Q2 25
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
FLGT
FLGT
ORC
ORC
Cash + ST InvestmentsLiquidity on hand
$23.4M
$665.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
Total Assets
$1.2B
$11.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLGT
FLGT
ORC
ORC
Q1 26
$23.4M
Q4 25
$50.2M
$665.9M
Q3 25
$117.6M
$583.9M
Q2 25
$87.9M
$440.8M
Q1 25
$67.3M
$396.4M
Q4 24
$55.1M
Q3 24
$58.0M
$322.1M
Q2 24
$65.1M
$241.0M
Stockholders' Equity
FLGT
FLGT
ORC
ORC
Q1 26
Q4 25
$1.1B
$1.4B
Q3 25
$1.1B
$1.1B
Q2 25
$1.1B
$912.0M
Q1 25
$1.1B
$855.9M
Q4 24
$1.1B
Q3 24
$1.1B
$656.0M
Q2 24
$1.1B
$555.9M
Total Assets
FLGT
FLGT
ORC
ORC
Q1 26
$1.2B
Q4 25
$1.2B
$11.7B
Q3 25
$1.2B
$9.1B
Q2 25
$1.2B
$7.6B
Q1 25
$1.2B
$7.3B
Q4 24
$1.2B
Q3 24
$1.2B
$5.9B
Q2 24
$1.2B
$4.9B

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
ORC
ORC
Operating Cash FlowLast quarter
$120.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLGT
FLGT
ORC
ORC
Q1 26
Q4 25
$-78.1M
$120.4M
Q3 25
$11.1M
$28.0M
Q2 25
$-30.2M
$18.4M
Q1 25
$-4.4M
$25.8M
Q4 24
$25.0M
Q3 24
$-15.5M
$-14.8M
Q2 24
$4.3M
$19.3M
Free Cash Flow
FLGT
FLGT
ORC
ORC
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
ORC
ORC
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
ORC
ORC
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
ORC
ORC
Q1 26
Q4 25
1.16×
Q3 25
0.39×
Q2 25
Q1 25
1.51×
Q4 24
Q3 24
-0.86×
Q2 24

Financial Flow Comparison

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

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