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Align Technology (ALGN) Financials

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$168.39 -5.55 (-3.19%)
Closing price 04:00 PM Eastern
Extended Trading
$167.32 -1.07 (-0.64%)
As of 07:59 PM Eastern
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Annual Income Statements for Align Technology

Annual Income Statements for Align Technology

This table shows Align Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
144 190 231 400 443 1,776 772 362 445 421 410
Consolidated Net Income / (Loss)
144 190 231 400 443 1,776 772 362 445 421 410
Net Income / (Loss) Continuing Operations
144 191 231 400 443 1,776 772 362 445 421 410
Total Pre-Tax Income
186 243 365 467 563 379 1,012 599 641 609 585
Total Operating Income
189 249 354 467 542 387 976 643 643 608 546
Total Gross Profit
640 815 1,117 1,448 1,744 1,763 2,935 2,634 2,707 2,799 2,711
Total Revenue
845 1,080 1,473 1,966 2,407 2,472 3,953 3,735 3,862 3,999 4,035
Operating Revenue
845 1,080 1,473 1,966 2,407 2,472 3,953 3,735 3,862 3,999 4,035
Total Cost of Revenue
205 265 356 519 663 709 1,017 1,101 1,155 1,200 1,324
Operating Cost of Revenue
205 265 356 519 663 709 1,017 1,101 1,155 1,200 1,324
Total Operating Expenses
451 566 763 981 1,201 1,376 1,959 1,991 2,064 2,192 2,165
Selling, General & Admin Expense
- - - 852 1,072 1,201 1,709 1,674 1,703 1,763 1,756
Research & Development Expense
61 76 98 129 157 175 250 305 347 364 370
Restructuring Charge
- - - - - - - 11 13 33 35
Other Special Charges / (Income)
- - 0.00 0.00 -51 - - 0.00 0.00 31 4.18
Total Other Income / (Expense), net
-2.53 -8.04 11 0.09 20 -8.22 36 -44 -2.13 1.33 40
Interest & Investment Income
0.00 2.53 6.95 8.58 12 3.13 3.10 5.37 17 20 16
Other Income / (Expense), net
-2.53 -11 4.24 -8.49 7.68 -11 33 -49 -19 -19 23
Income Tax Expense
42 51 130 58 112 -1,397 240 237 196 188 175
Basic Earnings per Share
$1.80 $2.38 $2.89 $5.00 $5.57 $22.55 $9.78 $4.62 $5.82 $5.63 $5.66
Weighted Average Basic Shares Outstanding
80.00M 79.86M 80.09M 80.06M 79.42M 78.76M 78.92M 78.19M 76.43M 74.88M 72.54M
Diluted Earnings per Share
$1.77 $2.33 $2.83 $4.92 $5.53 $22.41 $9.69 $4.61 $5.81 $5.62 $5.65
Weighted Average Diluted Shares Outstanding
81.52M 81.48M 81.83M 81.36M 80.10M 79.23M 79.67M 78.42M 76.57M 74.99M 72.59M
Weighted Average Basic & Diluted Shares Outstanding
80M 79.70M 80.10M 80M 78.75M 79.13M 78.80M 76.61M 75.10M 73.60M 71.28M

Quarterly Income Statements for Align Technology

This table shows Align Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
121 124 105 97 116 104 93 125 57 136 113
Consolidated Net Income / (Loss)
121 124 105 97 116 104 93 125 57 136 113
Net Income / (Loss) Continuing Operations
121 124 105 97 116 104 93 125 57 136 113
Total Pre-Tax Income
162 173 158 144 166 141 140 174 95 177 149
Total Operating Income
166 172 154 147 162 144 131 163 96 155 142
Total Gross Profit
663 670 698 723 682 697 680 708 639 684 737
Total Revenue
960 957 997 1,028 978 995 979 1,012 996 1,048 1,040
Operating Revenue
960 957 997 1,028 978 995 979 1,012 996 1,048 1,040
Total Cost of Revenue
297 287 300 306 296 298 299 304 356 364 304
Operating Cost of Revenue
297 287 300 306 296 298 299 304 356 364 304
Total Operating Expenses
497 498 544 576 519 553 549 545 543 528 595
Selling, General & Admin Expense
408 403 452 452 434 425 448 449 418 442 465
Research & Development Expense
89 82 92 92 85 95 97 96 93 83 99
Other Special Charges / (Income)
0.00 - 0.00 31 0.07 - 4.18 0.00 0.00 - 31
Total Other Income / (Expense), net
-4.24 1.34 4.25 -3.18 3.63 -3.37 9.34 10 -1.56 21 6.93
Interest & Investment Income
5.52 4.98 4.39 3.30 4.00 8.52 5.32 2.86 3.25 4.62 3.91
Other Income / (Expense), net
-9.76 -3.64 -0.14 -6.48 -0.37 -12 4.03 7.62 -4.81 17 3.02
Income Tax Expense
41 49 53 47 50 37 47 49 38 41 36
Basic Earnings per Share
$1.59 $1.63 $1.40 $1.28 $1.55 $1.40 $1.27 $1.72 $0.78 $1.89 $1.58
Weighted Average Basic Shares Outstanding
76.57M 76.43M 75.18M 75.18M 74.74M 74.88M 73.56M 72.57M 72.38M 72.54M 71.43M
Diluted Earnings per Share
$1.58 $1.63 $1.39 $1.28 $1.55 $1.40 $1.27 $1.72 $0.78 $1.88 $1.57
Weighted Average Diluted Shares Outstanding
76.83M 76.57M 75.32M 75.22M 74.76M 74.99M 73.62M 72.59M 72.42M 72.59M 71.61M
Weighted Average Basic & Diluted Shares Outstanding
76.59M 75.10M 75.28M 74.70M 74.65M 73.60M 72.48M 72.49M 71.75M 71.28M 71.62M

Annual Cash Flow Statements for Align Technology

This table details how cash moves in and out of Align Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
-32 222 57 192 -86 410 139 -158 -3.84 106 51
Net Cash From Operating Activities
238 248 439 555 747 662 1,173 569 786 738 593
Net Cash From Continuing Operating Activities
238 248 439 555 747 662 1,173 569 786 744 593
Net Income / (Loss) Continuing Operations
144 190 231 400 443 1,776 772 362 445 421 410
Consolidated Net Income / (Loss)
144 190 231 400 443 1,776 772 362 445 421 410
Depreciation Expense
18 24 38 55 79 94 109 126 142 145 237
Non-Cash Adjustments To Reconcile Net Income
67 67 76 97 150 -1,359 122 205 225 212 268
Changes in Operating Assets and Liabilities, net
9.40 -33 93 3.01 76 130 170 -124 -27 -72 -323
Net Cash From Investing Activities
-166 73 -251 6.93 -350 -232 -563 -213 -196 -255 -112
Net Cash From Continuing Investing Activities
-166 73 -251 6.93 -350 -232 -563 -213 -196 -255 -112
Purchase of Property, Plant & Equipment
-53 -71 -196 -223 -150 -155 -401 -292 -178 -116 -102
Acquisitions
0.00 -47 -22 0.00 0.00 -421 -8.00 -12 0.00 -77 0.00
Purchase of Investments
-447 -406 -390 -185 -693 -5.34 -201 -28 -80 -106 -10
Sale and/or Maturity of Investments
334 604 389 385 507 348 8.21 121 61 44 0.00
Other Investing Activities, net
0.05 -8.03 -33 31 -15 1.16 38 -2.21 0.28 0.24 0.00
Net Cash From Financing Activities
-101 -96 -136 -369 -486 -31 -458 -502 -598 -356 -465
Net Cash From Continuing Financing Activities
-101 -96 -136 -369 -486 -31 -458 -502 -598 -356 -465
Repurchase of Common Equity
-102 -96 -104 -300 -400 0.00 -375 -475 -602 -353 -466
Issuance of Common Equity
11 14 14 17 18 20 26 26 27 25 22
Other Financing Activities, net
-10 -13 -46 -86 -103 -51 -109 -53 -23 -28 -20
Effect of Exchange Rate Changes
-3.01 -3.37 5.54 - 2.28 10 -12 -12 4.67 -21 35

Quarterly Cash Flow Statements for Align Technology

This table details how cash moves in and out of Align Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
287 -301 -72 -104 281 1.98 -171 28 103 90 -35
Net Cash From Operating Activities
287 47 29 160 264 286 53 129 189 223 151
Net Cash From Continuing Operating Activities
287 47 29 160 264 292 53 129 189 223 151
Net Income / (Loss) Continuing Operations
121 124 105 97 116 104 93 125 57 136 113
Consolidated Net Income / (Loss)
121 124 105 97 116 104 93 125 57 136 113
Depreciation Expense
37 34 33 36 38 38 39 41 56 102 57
Non-Cash Adjustments To Reconcile Net Income
58 54 54 43 62 52 82 18 85 84 39
Changes in Operating Assets and Liabilities, net
71 -165 -173 -26 39 88 -171 -65 -19 -69 -57
Net Cash From Investing Activities
-4.31 -13 -80 -112 -8.92 -54 -25 -31 -20 -36 -132
Net Cash From Continuing Investing Activities
-4.31 -13 -80 -112 -8.92 -54 -25 -31 -20 -36 -132
Purchase of Property, Plant & Equipment
-22 -33 -9.37 -53 -30 -23 -25 -21 -20 -36 -31
Acquisitions
-2.00 77 -77 -75 - 75 0.00 -10 - 10 -69
Other Investing Activities, net
0.05 0.15 -0.01 0.14 0.11 - 0.00 - - - -31
Net Cash From Financing Activities
12 -350 -12 -152 11 -203 -207 -96 -64 -97 -48
Net Cash From Continuing Financing Activities
12 -350 -12 -152 11 -203 -207 -96 -64 -97 -48
Repurchase of Common Equity
- -350 0.00 -150 - -203 -201 -96 -72 -97 -31
Issuance of Common Equity
12 - 14 - 11 - 14 - 7.84 - 12
Other Financing Activities, net
-0.51 -0.28 -26 -1.55 -0.37 -0.15 -20 -0.25 -0.40 -0.16 -29
Effect of Exchange Rate Changes
-7.68 16 -9.00 -0.19 15 -27 8.48 27 -1.37 0.52 -6.39

Annual Balance Sheets for Align Technology

This table presents Align Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
1,159 1,396 1,784 2,052 2,501 4,830 5,942 5,948 6,084 6,215 6,234
Total Current Assets
732 953 1,158 1,302 1,633 1,850 2,494 2,424 2,447 2,492 2,617
Cash & Equivalents
168 389 450 637 550 961 1,099 942 937 1,044 1,095
Accounts Receivable
159 247 324 439 550 658 897 860 903 996 1,102
Inventories, net
19 27 32 56 112 139 230 339 297 254 226
Prepaid Expenses
27 38 81 72 102 92 195 226 274 199 166
Other Current Nonoperating Assets
- - - - - - - - - 0.00 28
Plant, Property, & Equipment, net
136 175 349 521 632 735 1,082 1,232 1,291 1,271 1,131
Total Noncurrent Assets
290 268 277 229 236 2,245 2,366 2,292 2,346 2,451 2,486
Goodwill
79 82 89 82 64 445 419 408 420 443 492
Intangible Assets
- - - - 12 130 110 96 82 103 94
Noncurrent Deferred & Refundable Income Taxes
51 68 49 65 64 1,553 1,534 1,572 1,590 1,557 1,514
Other Noncurrent Operating Assets
8.20 13 44 27 96 118 179 175 247 348 386
Total Liabilities & Shareholders' Equity
1,159 1,396 1,784 2,052 2,501 4,830 5,942 5,948 6,084 6,215 6,234
Total Liabilities
311 401 630 800 1,155 1,596 2,319 2,347 2,453 2,363 2,185
Total Current Liabilities
272 354 500 692 971 1,326 1,924 1,926 2,067 2,038 1,920
Accounts Payable
34 29 37 64 87 142 164 128 113 109 121
Accrued Expenses
108 134 196 235 320 406 607 454 526 598 537
Current Deferred Revenue
130 191 268 393 564 778 1,153 1,344 1,428 1,331 1,262
Total Noncurrent Liabilities
39 46 130 107 184 270 395 421 387 325 265
Noncurrent Deferred Revenue
- - - - 103 106 118 124 117 96 68
Other Noncurrent Operating Liabilities
39 46 130 107 81 164 277 296 270 228 196
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
848 995 1,154 1,253 1,346 3,234 3,623 3,601 3,630 3,852 4,049
Total Preferred & Common Equity
848 995 1,154 1,253 1,346 3,234 3,623 3,601 3,630 3,852 4,049
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
848 995 1,154 1,253 1,346 3,234 3,623 3,601 3,630 3,852 4,049
Common Stock
822 865 886 878 907 975 999 1,045 1,162 1,362 1,510
Retained Earnings
27 131 267 378 440 2,216 2,619 2,567 2,447 2,484 2,464
Accumulated Other Comprehensive Income / (Loss)
-0.98 -0.94 0.57 -2.77 -0.69 44 4.33 -10 21 5.98 75

Quarterly Balance Sheets for Align Technology

This table presents Align Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
6,145 6,319 6,084 6,156 6,158 6,366 6,215 6,103 6,219 6,234 6,314
Total Current Assets
2,465 2,702 2,447 2,479 2,412 2,597 2,492 2,402 2,448 2,534 2,655
Cash & Equivalents
952 1,239 937 866 761 1,042 1,044 873 901 1,005 1,060
Accounts Receivable
908 904 903 951 1,020 1,011 996 1,062 1,116 1,099 1,125
Inventories, net
313 296 297 280 259 254 254 247 244 228 215
Prepaid Expenses
237 218 274 350 351 291 199 220 187 174 216
Other Current Nonoperating Assets
- - - - - - - - - 28 40
Plant, Property, & Equipment, net
1,279 1,268 1,291 1,282 1,278 1,290 1,271 1,265 1,261 1,185 1,108
Total Noncurrent Assets
2,400 2,348 2,346 2,395 2,468 2,478 2,451 2,436 2,510 2,515 2,551
Goodwill
415 404 420 458 454 472 443 458 491 492 503
Intangible Assets
89 83 82 121 116 116 103 103 103 99 101
Noncurrent Deferred & Refundable Income Taxes
1,606 1,592 1,590 1,571 1,578 1,570 1,557 1,523 1,548 1,556 1,471
Other Noncurrent Operating Assets
264 251 247 241 320 321 348 352 367 369 475
Total Liabilities & Shareholders' Equity
6,145 6,319 6,084 6,156 6,158 6,366 6,215 6,103 6,219 6,234 6,314
Total Liabilities
2,506 2,517 2,453 2,396 2,400 2,422 2,363 2,309 2,306 2,276 2,165
Total Current Liabilities
2,107 2,123 2,067 2,023 2,040 2,064 2,038 1,991 1,995 1,966 1,906
Accounts Payable
110 100 113 117 106 109 109 125 114 126 124
Accrued Expenses
600 614 526 497 555 575 598 546 563 546 547
Current Deferred Revenue
1,397 1,409 1,428 1,409 1,379 1,380 1,331 1,319 1,318 1,295 1,235
Total Noncurrent Liabilities
399 394 387 373 360 358 325 318 311 310 259
Noncurrent Deferred Revenue
113 116 117 121 104 112 96 100 104 111 67
Other Noncurrent Operating Liabilities
286 277 270 252 257 246 228 218 207 199 192
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
3,638 3,802 3,630 3,760 3,758 3,944 3,852 3,794 3,913 3,957 4,149
Total Preferred & Common Equity
3,638 3,802 3,630 3,760 3,758 3,944 3,852 3,794 3,913 3,957 4,149
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
3,638 3,802 3,630 3,760 3,758 3,944 3,852 3,794 3,913 3,957 4,149
Common Stock
1,142 1,193 1,162 1,239 1,276 1,336 1,362 1,387 1,427 1,475 1,531
Retained Earnings
2,485 2,607 2,447 2,503 2,457 2,573 2,484 2,389 2,425 2,417 2,548
Accumulated Other Comprehensive Income / (Loss)
11 2.05 21 18 25 36 5.98 18 61 65 70

Annual Metrics And Ratios for Align Technology

This table displays calculated financial ratios and metrics derived from Align Technology's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
- - - - - - - - - - 71,749,995.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 71,749,995.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 5.72
Growth Metrics
- - - - - - - - - - -
Profitability Metrics
- - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)
146 196 227 409 434 1,814 745 388 447 420 383
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 10.77% 12.30% 10.91% 9.45%
Earnings before Interest and Taxes (EBIT)
186 238 358 458 550 376 1,009 594 624 589 569
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
204 262 396 513 629 492 1,118 719 766 772 807
Valuation Ratios
- - - - - - - - - - -
Leverage & Solvency
- - - - - - - - - - -
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
127 115 140 285 419 19 692 154 357 262 264
Efficiency Ratios
- - - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
169 250 338 463 478 2,273 2,326 2,560 2,650 2,808 2,926
Increase / (Decrease) in Invested Capital
19 81 88 124 15 1,795 53 234 90 158 118
Book Value per Share
$10.67 $12.49 $14.40 $15.66 $17.08 $41.01 $45.94 $46.10 $47.40 $51.60 $56.43
Tangible Book Value per Share
$9.67 $11.46 $13.29 $14.64 $16.12 $33.72 $39.24 $39.66 $40.85 $44.28 $48.27
Total Capital
848 995 1,154 1,253 1,346 3,234 3,623 3,601 3,630 3,852 4,049
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-679 -745 -816 -790 -869 -961 -1,297 -1,042 -981 -1,044 -1,095
Capital Expenditures (CapEx)
53 71 196 223 150 155 401 292 178 116 102
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-67 -42 -63 -125 -206 -437 -601 -501 -593 -589 -398
Debt-free Net Working Capital (DFNWC)
460 599 658 610 662 524 570 499 380 454 697
Net Working Capital (NWC)
460 599 658 610 662 524 570 499 380 454 697
Net Nonoperating Expense (NNE)
1.96 6.70 -3.98 8.62 -8.60 39 -27 26 1.48 -0.92 -28
Net Nonoperating Obligations (NNO)
-679 -745 -816 -790 -869 -961 -1,297 -1,042 -981 -1,044 -1,123
Total Depreciation and Amortization (D&A)
18 24 38 55 79 116 109 126 142 183 237
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.80 $2.38 $2.89 $5.00 $5.57 $22.55 $9.78 $4.62 $5.82 $5.63 $5.66
Adjusted Weighted Average Basic Shares Outstanding
80.00M 79.86M 80.09M 80.06M 79.42M 78.76M 78.92M 78.19M 76.43M 74.88M 72.54M
Adjusted Diluted Earnings per Share
$1.77 $2.33 $2.83 $4.92 $5.53 $22.41 $9.69 $4.61 $5.81 $5.62 $5.65
Adjusted Weighted Average Diluted Shares Outstanding
81.52M 81.48M 81.83M 81.36M 80.10M 79.23M 79.67M 78.42M 76.57M 74.99M 72.59M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
79.63M 80.28M 80.14M 79.99M 78.75M 79.13M 78.80M 76.61M 75.10M 73.60M 71.28M
Normalized Net Operating Profit after Tax (NOPAT)
146 196 227 409 412 271 745 395 456 465 410
Debt Service Ratios
- - - - - - - - - - -
Payout Ratios
- - - - - - - - - - -

Quarterly Metrics And Ratios for Align Technology

This table displays calculated financial ratios and metrics derived from Align Technology's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
- - - - - - - - - 71,749,995.00 71,282,132.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 71,749,995.00 71,282,132.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - 1.89 1.58
Growth Metrics
- - - - - - - - - - -
Revenue Growth
7.85% 6.12% 5.76% 2.63% 1.84% 4.02% -1.82% -1.56% 1.82% - 6.21%
EBITDA Growth
26.43% 37.86% 16.92% -8.29% 8.09% -10.62% -6.52% 18.84% -24.86% - 9.68%
EBIT Growth
29.46% 49.17% 16.41% -15.91% 3.41% -21.23% -12.25% 21.41% -43.50% - 7.29%
NOPAT Growth
46.32% 201.52% 17.38% -11.91% -8.97% -13.62% -14.85% 18.62% -49.14% - 23.55%
Net Income Growth
67.02% 196.86% 19.62% -13.64% -4.50% -16.29% -11.23% 29.04% -51.06% - 20.96%
EPS Growth
69.89% 201.85% 21.93% -12.33% -1.90% -14.11% -8.63% 34.38% -49.68% - 23.62%
Operating Cash Flow Growth
7.78% -67.59% -85.66% -36.52% -8.20% 510.00% 83.77% -19.51% -28.42% - 186.74%
Free Cash Flow Firm Growth
194.08% 117.17% -362.95% -310.63% -262.15% -257.21% 111.77% 129.81% 112.14% - -190.78%
Invested Capital Growth
-2.10% 3.51% 11.67% 14.26% 16.10% 5.98% 2.24% 1.20% 0.78% - 4.40%
Revenue Q/Q Growth
-4.19% -0.36% 4.25% 3.11% -4.92% 1.77% -1.60% 3.39% -1.66% - -0.71%
EBITDA Q/Q Growth
-4.62% 4.14% -2.52% -5.29% 12.42% -13.89% 1.95% 20.41% -28.92% - -26.44%
EBIT Q/Q Growth
-6.33% 7.22% -8.28% -8.72% 15.20% -18.32% 2.17% 26.29% -46.39% - -15.70%
NOPAT Q/Q Growth
11.21% -1.24% -16.94% -3.43% 14.92% -6.29% -18.12% 34.53% -50.73% - -9.95%
Net Income Q/Q Growth
8.60% 2.13% -15.31% -8.06% 20.09% -10.48% -10.19% 33.66% -54.45% - -16.93%
EPS Q/Q Growth
8.22% 3.16% -14.72% -7.91% 21.09% -9.68% -9.29% 35.43% -54.65% - -16.49%
Operating Cash Flow Q/Q Growth
14.07% -83.67% -38.88% 457.59% 64.97% 8.50% -81.59% 144.23% 46.69% - -32.32%
Free Cash Flow Firm Q/Q Growth
37.76% -81.42% -693.11% -38.73% -6.05% 81.98% 144.42% 251.26% -56.81% - -1,780.59%
Invested Capital Q/Q Growth
-4.02% 5.99% 7.84% 4.15% -2.47% -3.25% 4.03% 3.09% -2.88% - 4.22%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
69.06% 69.98% 69.96% 70.26% 69.72% 70.03% 69.45% 69.94% 64.20% - 70.82%
EBITDA Margin
20.16% 21.08% 19.71% 18.10% 21.40% 18.11% 18.76% 21.85% 15.79% - 19.38%
Operating Margin
17.32% 17.93% 15.45% 14.30% 16.60% 14.48% 13.39% 16.10% 9.67% - 13.65%
EBIT Margin
16.31% 17.55% 15.44% 13.67% 16.56% 13.29% 13.80% 16.86% 9.19% - 13.94%
Profit (Net Income) Margin
12.65% 12.96% 10.53% 9.39% 11.86% 10.43% 9.52% 12.31% 5.70% - 10.84%
Tax Burden Percent
74.90% 71.73% 66.31% 67.12% 69.89% 73.74% 66.38% 71.81% 59.91% - 75.74%
Interest Burden Percent
103.53% 102.96% 102.85% 102.35% 102.47% 106.44% 103.93% 101.68% 103.55% - 102.70%
Effective Tax Rate
25.10% 28.27% 33.69% 32.88% 30.11% 26.26% 33.62% 28.19% 40.09% - 24.26%
Return on Invested Capital (ROIC)
19.55% 19.07% 14.82% 13.56% 17.01% 15.65% 12.24% 15.32% 7.92% - 14.18%
ROIC Less NNEP Spread (ROIC-NNEP)
19.81% 18.98% 14.51% 13.80% 16.79% 15.90% 11.55% 14.42% 8.01% - 13.65%
Return on Net Nonoperating Assets (RNNOA)
-6.46% -5.31% -3.66% -3.39% -5.08% -4.30% -2.71% -3.16% -2.10% - -3.39%
Return on Equity (ROE)
13.10% 13.77% 11.16% 10.17% 11.93% 11.35% 9.53% 12.15% 5.82% - 10.79%
Cash Return on Invested Capital (CROIC)
16.50% 13.69% 6.02% 2.76% 1.29% 9.60% 11.81% 12.95% 11.86% - 9.19%
Operating Return on Assets (OROA)
10.15% 11.27% 10.03% 8.76% 10.34% 8.64% 8.96% 10.80% 5.81% - 9.20%
Return on Assets (ROA)
7.87% 8.32% 6.84% 6.02% 7.41% 6.78% 6.18% 7.88% 3.60% - 7.15%
Return on Common Equity (ROCE)
13.10% 13.77% 11.16% 10.17% 11.93% 11.35% 9.53% 12.15% 5.82% - 10.79%
Return on Equity Simple (ROE_SIMPLE)
9.54% 0.00% 12.30% 11.90% 11.20% 0.00% 10.79% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)
125 123 102 99 113 106 87 117 58 119 108
NOPAT Margin
12.98% 12.86% 10.25% 9.60% 11.60% 10.68% 8.89% 11.56% 5.79% - 10.34%
Net Nonoperating Expense Percent (NNEP)
-0.26% 0.09% 0.31% -0.24% 0.22% -0.25% 0.70% 0.89% -0.09% - 0.53%
Return On Investment Capital (ROIC_SIMPLE)
- 3.39% - - - 2.76% 2.29% 2.99% 1.46% 2.95% 2.59%
Cost of Revenue to Revenue
30.95% 30.02% 30.04% 29.74% 30.28% 29.97% 30.55% 30.06% 35.80% - 29.18%
SG&A Expenses to Revenue
42.49% 42.07% 45.30% 43.97% 44.40% 42.70% 45.71% 44.32% 41.96% - 44.74%
R&D to Revenue
9.24% 8.59% 9.21% 8.96% 8.72% 9.53% 9.93% 9.52% 9.37% - 9.49%
Operating Expenses to Revenue
51.73% 52.05% 54.51% 55.96% 53.12% 55.54% 56.06% 53.84% 54.53% - 57.17%
Earnings before Interest and Taxes (EBIT)
157 168 154 141 162 132 135 171 91 172 145
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
194 202 197 186 209 180 184 221 157 274 202
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
6.15 5.78 6.68 4.84 4.82 4.04 3.08 3.51 2.29 - 2.95
Price to Tangible Book Value (P/TBV)
7.05 6.71 7.90 5.70 5.66 4.71 3.62 4.14 2.70 - 3.45
Price to Revenue (P/Rev)
6.14 5.43 6.41 4.61 4.80 3.89 2.94 3.46 2.28 - 2.98
Price to Earnings (P/E)
64.41 47.15 54.33 40.66 43.02 36.94 28.55 31.36 23.99 - 28.43
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield
1.55% 2.12% 1.84% 2.46% 2.32% 2.71% 3.50% 3.19% 4.17% - 3.52%
Enterprise Value to Invested Capital (EV/IC)
8.83 7.55 8.47 5.84 6.19 5.17 3.70 4.26 2.76 - 3.66
Enterprise Value to Revenue (EV/Rev)
5.80 5.18 6.18 4.41 4.53 3.63 2.72 3.23 2.03 - 2.72
Enterprise Value to EBITDA (EV/EBITDA)
31.04 26.10 30.84 22.92 23.47 18.81 14.25 16.14 10.87 - 13.38
Enterprise Value to EBIT (EV/EBIT)
38.81 32.06 37.50 28.10 28.76 24.67 18.98 21.37 15.24 - 19.27
Enterprise Value to NOPAT (EV/NOPAT)
60.73 44.80 52.46 38.80 41.05 34.54 26.71 30.28 21.93 - 27.69
Enterprise Value to Operating Cash Flow (EV/OCF)
24.97 25.46 39.40 33.28 35.98 19.67 14.19 17.54 12.30 - 16.14
Enterprise Value to Free Cash Flow (EV/FCFF)
52.92 56.10 148.64 225.78 514.25 55.41 31.71 33.08 23.36 - 40.66
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Financial Leverage
-0.33 -0.28 -0.25 -0.25 -0.30 -0.27 -0.24 -0.22 -0.26 - -0.25
Leverage Ratio
1.63 1.66 1.67 1.66 1.64 1.64 1.62 1.61 1.59 - 1.56
Compound Leverage Factor
1.69 1.71 1.71 1.70 1.68 1.75 1.69 1.64 1.65 - 1.61
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Altman Z-Score
6.94 6.50 7.67 5.89 6.08 5.31 4.39 4.93 3.73 - 4.82
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.27 1.18 1.23 1.18 1.26 1.22 1.21 1.23 1.29 - 1.39
Quick Ratio
1.03 0.91 0.91 0.88 0.99 1.00 0.97 1.01 1.07 - 1.15
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
178 33 -196 -273 -289 -52 23 81 35 1.25 -21
Operating Cash Flow to CapEx
1,327.32% 140.35% 305.95% 299.02% 884.77% 1,245.93% 208.30% 598.96% 955.01% - 490.64%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.62 0.64 0.65 0.64 0.62 0.65 0.65 0.64 0.63 - 0.66
Accounts Receivable Turnover
4.32 4.38 4.27 4.09 4.14 4.21 3.96 3.71 3.78 - 3.75
Inventory Turnover
3.73 3.64 3.96 4.16 4.32 4.35 4.55 4.76 5.22 - 5.76
Fixed Asset Turnover
3.08 3.06 3.08 3.08 3.10 3.12 3.13 3.12 3.22 - 3.45
Accounts Payable Turnover
9.66 9.59 9.46 11.02 11.39 10.82 9.89 10.88 10.73 - 10.66
Days Sales Outstanding (DSO)
84.55 83.31 85.51 89.26 88.23 86.67 92.27 98.34 96.69 - 97.45
Days Inventory Outstanding (DIO)
97.76 100.40 92.14 87.77 84.48 83.84 80.13 76.67 69.95 - 63.41
Days Payable Outstanding (DPO)
37.80 38.07 38.57 33.12 32.04 33.74 36.92 33.55 34.02 - 34.23
Cash Conversion Cycle (CCC)
144.51 145.65 139.08 143.91 140.67 136.77 135.49 141.45 132.61 - 126.64
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
2,500 2,650 2,857 2,976 2,902 2,808 2,921 3,012 2,925 2,926 3,050
Invested Capital Turnover
1.51 1.48 1.45 1.41 1.47 1.47 1.38 1.32 1.37 - 1.37
Increase / (Decrease) in Invested Capital
-54 90 299 371 402 158 64 36 23 118 129
Enterprise Value (EV)
22,065 20,005 24,213 17,393 17,955 14,522 10,819 12,822 8,072 - 11,160
Market Capitalization
23,367 20,985 25,115 18,175 18,997 15,566 11,692 13,724 9,077 - 12,220
Book Value per Share
$49.68 $47.40 $50.01 $49.92 $52.80 $51.60 $51.55 $53.98 $54.60 $56.43 $58.21
Tangible Book Value per Share
$43.31 $40.85 $42.30 $42.34 $44.94 $44.28 $43.94 $45.78 $46.45 $48.27 $49.74
Total Capital
3,802 3,630 3,760 3,758 3,944 3,852 3,794 3,913 3,957 4,049 4,149
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-1,302 -981 -903 -782 -1,042 -1,044 -873 -901 -1,005 -1,095 -1,060
Capital Expenditures (CapEx)
22 33 9.37 53 30 23 25 21 20 36 31
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-705 -593 -443 -410 -508 -589 -462 -449 -437 -398 -310
Debt-free Net Working Capital (DFNWC)
579 380 456 372 534 454 411 453 568 697 750
Net Working Capital (NWC)
579 380 456 372 534 454 411 453 568 697 750
Net Nonoperating Expense (NNE)
3.17 -0.96 -2.82 2.13 -2.54 2.49 -6.20 -7.53 0.94 -16 -5.25
Net Nonoperating Obligations (NNO)
-1,302 -981 -903 -782 -1,042 -1,044 -873 -901 -1,032 -1,123 -1,100
Total Depreciation and Amortization (D&A)
37 34 43 46 47 48 49 51 66 102 57
Debt-free, Cash-free Net Working Capital to Revenue
-18.52% -15.35% -11.30% -10.39% -12.83% -14.74% -11.60% -11.31% -10.97% - -7.58%
Debt-free Net Working Capital to Revenue
15.20% 9.84% 11.65% 9.44% 13.48% 11.36% 10.33% 11.41% 14.25% - 18.30%
Net Working Capital to Revenue
15.20% 9.84% 11.65% 9.44% 13.48% 11.36% 10.33% 11.41% 14.25% - 18.30%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.59 $1.63 $1.40 $1.28 $1.55 $1.40 $1.27 $1.72 $0.78 $1.89 $1.58
Adjusted Weighted Average Basic Shares Outstanding
76.57M 76.43M 75.18M 75.18M 74.74M 74.88M 73.56M 72.57M 72.38M 72.54M 71.43M
Adjusted Diluted Earnings per Share
$1.58 $1.63 $1.39 $1.28 $1.55 $1.40 $1.27 $1.72 $0.78 $1.88 $1.57
Adjusted Weighted Average Diluted Shares Outstanding
76.83M 76.57M 75.32M 75.22M 74.76M 74.99M 73.62M 72.59M 72.42M 72.59M 71.61M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
76.59M 75.10M 75.28M 74.70M 74.65M 73.60M 72.48M 72.49M 71.75M 71.28M 71.62M
Normalized Net Operating Profit after Tax (NOPAT)
125 123 102 120 113 106 90 117 77 119 131
Normalized NOPAT Margin
12.98% 12.86% 10.25% 11.63% 11.60% 10.68% 9.17% 11.56% 7.71% - 12.57%
Pre Tax Income Margin
16.88% 18.07% 15.88% 13.99% 16.97% 14.15% 14.34% 17.14% 9.51% - 14.31%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio
124.68% 135.35% 75.71% 111.85% 113.24% 83.75% 135.26% 114.26% 151.05% - 68.87%

Financials Breakdown Chart

Key Financial Trends

Align Technology (ALGN) has shown a generally positive trajectory in revenue, profitability, and cash generation over the last four years, with a notable step up in late 2025. Below are the ten most impactful trends for retail investors to consider, organized with positives first, then neutral, then negatives.

  • Revenue growth to a multi-year high. Q4 2025 operating revenue reached about $1.048B, up from roughly $0.902B in Q4 2022 (a four-year rise in quarterly top-line output).
  • Net income rising over the period. Net income from continuing operations increased from about $41.8M in Q4 2022 to $135.8M in Q4 2025, reflecting stronger profitability.
  • Earnings per share improving materially. Diluted EPS moved from around $0.54 in Q4 2022 to $1.88 in Q4 2025, supported by higher net income and share count stability.
  • Strong free cash flow generation in Q4 2025. Net cash from continuing operating activities (~$223.2M) minus capex (~$35.9M) yields roughly $187M of free cash flow for the quarter.
  • Solid near-term liquidity as cash balances trend higher. Cash & equivalents sit around the $1.0B level in 2025, indicating improved liquidity versus earlier years.
  • Healthy gross margins, with profitability still robust. Total gross profit in Q4 2025 was about $683.6M on ~1.048B in revenue (roughly mid-60s gross margin), consistent with a durable, high-margin core business.
  • Cost structure remains relatively stable. R&D and SG&A expenses continue to run at roughly half of revenue, indicating a stable cost base even as revenue grows.
  • Balance sheet remains solid with moderate leverage. Total liabilities around $2.28B and total equity near $3.96B in recent quarters, keeping a balanced prudence profile and strong equity cushion.
  • Gross margin compression vs. prior year. Gross profit declined modestly in Q4 2025 (about $683.6M) versus Q4 2024 (about $696.9M), signaling some margin pressure even as revenue grows.
  • Operating expenses edged higher in Q4 2025. SG&A rose to about $441.7M in Q4 2025 from roughly $424.0–$425.0M in the prior year, contributing to higher quarterly cost intensity.
  • Capital return activity reduces cash, though supports shareholder value. The company continued share repurchases in recent quarters, including about $97.2M in Q4 2025, which is cash outflow that compresses near-term cash balances but benefits long-term per-share metrics.
05/07/26 08:20 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Align Technology's Financials

When does Align Technology's financial year end?

According to the most recent income statement we have on file, Align Technology's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Align Technology's net income changed over the last 10 years?

Align Technology's net income appears to be on an upward trend, with a most recent value of $410.35 million in 2025, rising from $144.02 million in 2015. The previous period was $421.36 million in 2024. Check out Align Technology's forecast to explore projected trends and price targets.

What is Align Technology's operating income?
Align Technology's total operating income in 2025 was $545.76 million, based on the following breakdown:
  • Total Gross Profit: $2.71 billion
  • Total Operating Expenses: $2.17 billion
How has Align Technology's revenue changed over the last 10 years?

Over the last 10 years, Align Technology's total revenue changed from $845.49 million in 2015 to $4.03 billion in 2025, a change of 377.2%.

How much debt does Align Technology have?

Align Technology's total liabilities were at $2.18 billion at the end of 2025, a 7.5% decrease from 2024, and a 603.1% increase since 2015.

How much cash does Align Technology have?

In the past 10 years, Align Technology's cash and equivalents has ranged from $167.71 million in 2015 to $1.10 billion in 2021, and is currently $1.09 billion as of their latest financial filing in 2025.

How has Align Technology's book value per share changed over the last 10 years?

Over the last 10 years, Align Technology's book value per share changed from 10.67 in 2015 to 56.43 in 2025, a change of 429.0%.



Financial statements for NASDAQ:ALGN last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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