Align Technology Inc (ALGN) Financial Statements
Industry: Orthopedic, Prosthetic & Surgical Appliances & Supplies
In fiscal 2025, Align Technology reported revenue of $4.03B, up 0.9% from $4.00B the year before. Net income was $410.4M (a 10.2% net margin), or $5.65 per diluted share. Gross margin was 67.2% and operating margin was 13.5%. Operating activities generated $593.2M of cash, leaving $490.8M of free cash flow. At fiscal year end, Align Technology held $6.23B in total assets against $2.18B in total liabilities, including $1.09B of cash and equivalents.
Open the full interactive Align Technology financials → Quarterly statements, key ratios, valuation history and price charts.
Align Technology Key Stats
| Share Price | $143.54 |
|---|---|
| Market Cap | $10.27B |
| P/E Ratio | 25.4 |
| Revenue YoY Growth | +0.9% |
| 52-Week Range | $128.43 – $197.51 |
| Shares Outstanding | 71.5 million (basic, 2026 Q2) |
Align Technology Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.47B | $3.95B | $3.73B | $3.86B | $4.00B | $4.03B |
| Gross Profit | $1.76B | $2.94B | $2.63B | $2.71B | $2.80B | $2.71B |
| Operating Income | $387.2M | $976.4M | $642.6M | $643.3M | $607.6M | $545.8M |
| Pre-Tax Income | $378.9M | $1.01B | $599.1M | $641.2M | $609.0M | $585.3M |
| Income Tax | -$1.40B | $240.4M | $237.5M | $196.2M | $187.6M | $174.9M |
| Net Income | $1.78B | $772.0M | $361.6M | $445.1M | $421.4M | $410.4M |
| Diluted EPS | $22.41 | $9.69 | $4.61 | $5.81 | $5.62 | $5.65 |
Align Technology Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $995.7M | $1.05B | $1.04B | $1.06B |
| Net Income | $56.8M | $135.8M | $112.8M | $108.3M |
| Diluted EPS | $0.78 | $1.87 | $1.57 | $1.51 |
Align Technology Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $960.8M | $1.10B | $942.0M | $937.4M | $1.04B | $1.09B |
| Current Assets | $1.85B | $2.49B | $2.42B | $2.45B | $2.49B | $2.62B |
| Total Assets | $4.83B | $5.94B | $5.95B | $6.08B | $6.21B | $6.23B |
| Current Liabilities | $1.33B | $1.92B | $1.93B | $2.07B | $2.04B | $1.92B |
| Total Liabilities | $1.60B | $2.32B | $2.35B | $2.45B | $2.36B | $2.18B |
| Shareholders' Equity | $3.23B | $3.62B | $3.60B | $3.63B | $3.85B | $4.05B |
Align Technology Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $662.2M | $1.17B | $568.7M | $785.8M | $738.2M | $593.2M |
| Cash From Investing | -$231.5M | -$563.4M | -$213.3M | -$195.9M | -$254.9M | -$112.4M |
| Cash From Financing | -$30.8M | -$458.3M | -$501.7M | -$598.3M | -$355.7M | -$464.6M |
| Free Cash Flow | $507.3M | $771.4M | $276.8M | $608.1M | $622.7M | $490.8M |
Figures from Align Technology's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Align Technology financials page for every line item.
Align Technology Company Profile
| Ticker | ALGN |
|---|---|
| Exchange | Nasdaq |
| Industry | Orthopedic, Prosthetic & Surgical Appliances & Supplies |
| Headquarters | Tempe, Arizona |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001097149 |
Frequently Asked Questions
What was Align Technology's revenue in fiscal 2025?
Align Technology (ALGN) reported revenue of $4.03B for fiscal 2025.
What is Align Technology's annual revenue history?
Align Technology's annual revenue by fiscal year: 2020: $2.47B; 2021: $3.95B; 2022: $3.73B; 2023: $3.86B; 2024: $4.00B; 2025: $4.03B.
What was Align Technology's net income in fiscal 2025?
Align Technology reported net income of $410.4M for fiscal 2025.
What was Align Technology's earnings per share (EPS) in fiscal 2025?
Align Technology's diluted EPS was $5.65 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Align Technology generate in fiscal 2025?
Align Technology generated $490.8M of free cash flow in fiscal 2025.
What was Align Technology's revenue last quarter?
In its most recent reported quarter (2026 Q2), Align Technology reported revenue of $1.06B.
How many shares of Align Technology are outstanding?
Align Technology reported a weighted average of 71.5 million basic shares outstanding in 2026 Q2.
What is Align Technology's market cap?
Based on its latest closing price, Align Technology (ALGN) has a market capitalization of about $10.27B.
When does Align Technology's fiscal year end?
Align Technology's fiscal year end, as registered with the SEC, is December 31.
Where is Align Technology headquartered?
Align Technology lists its business address in Tempe, Arizona in its SEC filings.
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