ALGN
Align Technology Inc.Stock · HealthcareS&P 500 Equal Weight 0.2% · Nasdaq Composite 0.03% · S&P 500 0.02% · Russell 1000 0.02% · Russell 3000 0.02% · US Stock Market 0.02%$147.61-1.40%
as of market close, Sep 18, 2026
☾ AH — —
ALGN financial statements
The full income statement, balance sheet, and cash-flow statement for Align Technology Inc. (ALGN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 74.7M2024-09 74.7M2024-12 73.6M2025-03 72.5M2025-06 72.5M2025-09 71.7M2025-12 71.3M2026-03 71.6M2026-06 71.0M-4.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.03B+0.9% | 4.00B+3.5% | 3.86B+3.4% | 3.73B-5.5% | 3.95B+59.9% | ||
| Lease income | 28.8M+32.7% | 21.7M+30.7% | 16.6M+35.0% | 12.3M | 0.00 | |
| 2.71B-3.1% | 2.80B+3.4% | 2.71B+2.8% | 2.63B-10.3% | 2.94B+66.5% | ||
| Cost of revenue | 1.32B+10.3% | 1.20B+3.8% | 1.16B+5.0% | 1.10B+8.2% | 1.02B+43.5% | |
| 2.17B-1.2% | 2.19B+6.2% | 2.06B+3.6% | 1.99B+1.6% | 1.96B+42.4% | ||
| Research & development | 370M+1.6% | 364M+5.0% | 347M+13.6% | 305M+21.9% | 250M+42.8% | |
| Selling, general & administrative | 1.76B-0.4% | 1.76B+3.5% | 1.70B+1.7% | 1.67B-2.0% | 1.71B+42.3% | |
| Restructuring | — | 37.0M+164.5% | 14.0M+37.5% | 10.2M | — | |
| Amortization of intangibles | 18.8M-0.5% | 18.9M+15.2% | 16.4M+2.5% | 16.0M-3.6% | 16.6M+23.9% | |
| Provision for credit losses | — | — | — | — | 2.81M-76.7% | |
| Operating income | 546M-10.2% | 608M-5.6% | 643M+0.1% | 643M-34.2% | 976M+152.2% | |
| Other non-operating income | 23.5M+224.4% | -18.9M+2.6% | -19.4M+60.3% | -48.9M-248.6% | 32.9M+390.1% | |
| Equity-method income | — | — | — | — | 0.00 | |
| Pre-tax income | 585M-3.9% | 609M-5.0% | 641M+7.0% | 599M-40.8% | 1.01B+167.2% | |
| Income tax | 175M-6.7% | 188M-4.4% | 196M-17.4% | 237M-1.2% | 240M+117.2% | |
| Net income | 410M-2.6% | 421M-5.3% | 445M+23.1% | 362M-53.2% | 772M-56.5% | |
| $5.65+0.5% | $5.62-3.3% | $5.81+26.0% | $4.61-52.4% | $9.69-56.8% | ||
| EPS (basic) | $5.66+0.5% | $5.63-3.3% | $5.82+26.0% | $4.62-52.8% | $9.78-56.6% | |
| Weighted-avg shares (basic) | 72.5M-3.1% | 74.9M-2.0% | 76.4M-2.3% | 78.2M-0.9% | 78.9M+0.2% | |
| Weighted-avg shares (diluted) | 72.6M-3.2% | 75.0M-2.1% | 76.6M-2.4% | 78.4M-1.6% | 79.7M+0.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.62B+5.0% | 2.49B+1.9% | 2.45B+0.9% | 2.42B-2.8% | 2.49B+34.8% | ||
| Cash & equivalents | 1.09B+4.9% | 1.04B+11.4% | 937M-0.5% | 942M-14.3% | 1.10B+14.4% | |
| Accounts receivable | 1.10B+10.7% | 996M+10.2% | 903M+5.1% | 860M-4.2% | 897M+36.4% | |
| Inventory | 226M-11.0% | 254M-14.4% | 297M-12.4% | 339M+47.1% | 230M+65.4% | |
| Prepaid expenses | 166M-16.6% | 199M-27.4% | 274M+20.8% | 226M+15.9% | 195M+112.9% | |
| Other current assets | 47.3M-42.0% | 81.6M+5.5% | 77.3M+361.4% | 16.8M-46.7% | 31.5M-49.0% | |
| 6.23B+0.3% | 6.21B+2.1% | 6.08B+2.3% | 5.95B+0.1% | 5.94B+23.0% | ||
| Property, plant & equipment | 1.13B-11.0% | 1.27B-1.5% | 1.29B+4.8% | 1.23B+13.9% | 1.08B+47.3% | |
| Operating lease right-of-use | 108M-4.5% | 113M-3.9% | 118M-0.7% | 119M-2.0% | 121M+46.9% | |
| Goodwill | 492M+11.1% | 443M+5.5% | 420M+2.9% | 408M-2.6% | 419M-5.9% | |
| Intangible assets | 93.9M-9.2% | 103M+26.0% | 82.1M-14.2% | 95.7M-12.8% | 110M-15.7% | |
| Deferred tax assets | 1.51B-2.8% | 1.56B-2.1% | 1.59B+1.2% | 1.57B+2.5% | 1.53B-1.2% | |
| Other non-current assets | 278M+18.7% | 234M+82.0% | 129M+130.5% | 55.8M-2.9% | 57.5M+63.6% | |
| 1.92B-5.8% | 2.04B-1.4% | 2.07B+7.3% | 1.93B+0.1% | 1.92B+45.1% | ||
| Accounts payable | 121M+11.7% | 109M-3.9% | 113M-11.5% | 128M-22.0% | 164M+15.3% | |
| Accrued liabilities | 537M-10.3% | 598M+13.8% | 526M+15.7% | 454M-25.2% | 607M+49.7% | |
| Deferred revenue | 1.26B-5.2% | 1.33B-6.8% | 1.43B+6.3% | 1.34B+16.5% | 1.15B+48.2% | |
| Current lease liability | 31.9M+2.8% | 31.1M+4.8% | 29.7M+11.6% | 26.6M+17.0% | 22.7M+4.5% | |
| 2.18B-7.5% | 2.36B-3.7% | 2.45B+4.6% | 2.35B+1.2% | 2.32B+45.3% | ||
| Deferred revenue (non-current) | 85.5M-16.3% | 102M-26.0% | 138M-14.1% | 161M+17.5% | 137M+118.5% | |
| Non-current lease liability | 82.5M-6.5% | 88.2M-9.0% | 97.0M-3.4% | 100M-2.3% | 103M+59.3% | |
| Operating lease liability (total) | 114M-4.1% | 119M-5.8% | 127M-0.2% | 127M+1.2% | 125M+45.5% | |
| Other non-current liabilities | 114M-18.6% | 140M-19.2% | 173M-11.7% | 196M+12.2% | 175M+74.6% | |
| 4.05B+5.1% | 3.85B+6.1% | 3.63B+0.8% | 3.60B-0.6% | 3.62B+12.0% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 7.00K+0.0% | 7.00K+0.0% | 7.00K-12.5% | 8.00K+0.0% | 8.00K+0.0% | |
| Additional paid-in capital | 1.51B+10.8% | 1.36B+17.2% | 1.16B+11.2% | 1.04B+4.6% | 999M+2.5% | |
| Retained earnings | 2.46B-0.8% | 2.48B+1.5% | 2.45B-4.7% | 2.57B-2.0% | 2.62B+18.2% | |
| Accumulated other comprehensive income | 75.4M+1161.1% | 5.98M-71.8% | 21.2M+305.8% | -10.3M-337.7% | 4.33M-90.1% | |
| Total liabilities & equity | 6.23B+0.3% | 6.21B+2.1% | 6.08B+2.3% | 5.95B+0.1% | 5.94B+23.0% | |
| Common shares issued | 71.4M-3.4% | 73.8M-1.6% | 75.1M-2.8% | 77.3M-1.8% | 78.7M-0.2% | |
| Common shares outstanding | 71.4M-3.4% | 73.8M-1.6% | 75.1M-2.8% | 77.3M-1.8% | 78.7M-0.2% | |
| Shares outstanding (cover) | 71.3M-3.1% | 73.6M-2.0% | 75.1M-2.0% | 76.6M-2.8% | 78.8M-0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 593M-19.6% | 738M-6.1% | 786M+38.2% | 569M-51.5% | 1.17B+77.1% | ||
| Depreciation & amortization | 237M+63.7% | 145M+1.8% | 142M+13.2% | 126M+15.7% | 109M+16.2% | |
| Intangible amortization | 18.8M-0.5% | 18.9M+15.2% | 16.4M+2.5% | 16.0M-3.6% | 16.6M+23.9% | |
| Share-based compensation | 186M+7.0% | 174M+12.8% | 154M+15.5% | 133M+16.6% | 114M+16.2% | |
| Deferred income taxes | 33.1M+28.5% | 25.8M+238.2% | -18.6M+52.8% | -39.5M-355.5% | 15.5M+101.0% | |
| Change in receivables | 140M-8.8% | 153M+46.7% | 105M+585.5% | -21.5M-108.2% | 262M+87.5% | |
| Change in inventory | -808K+96.8% | -25.1M+17.0% | -30.2M-123.2% | 130M+15.7% | 112M+286.3% | |
| Change in payables | 5.33M+732.3% | -843K+89.1% | -7.70M+78.9% | -36.5M-285.0% | 19.7M-62.2% | |
| -112M+55.9% | -255M-30.1% | -196M+8.1% | -213M+62.1% | -563M-143.4% | ||
| Capital expenditure | 102M-11.4% | 116M-35.0% | 178M-39.1% | 292M-27.2% | 401M+158.9% | |
| Free cash flow | 491M-21.2% | 623M+2.4% | 608M+119.6% | 277M-64.1% | 771M+52.1% | |
| Acquisitions | 0.00-100.0% | 77.1M | 0.00-100.0% | 12.3M+53.8% | 8.00M-98.1% | |
| Sales/maturities of investments | 0.00-100.0% | 25.7M-53.5% | 55.2M+132.0% | 23.8M+4676.1% | 498K-98.8% | |
| Other investing activities | 0.00+100.0% | -235K+15.5% | -278K-112.6% | 2.21M-55.9% | 5.01M+533.5% | |
| -465M-30.6% | -356M+40.5% | -598M-19.3% | -502M-9.5% | -458M-1387.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 21.7M-14.0% | 25.3M-4.9% | 26.6M+1.7% | 26.1M+2.1% | 25.6M+26.1% | |
| Common stock repurchased | 466M+32.0% | 353M-40.4% | 592M+36.2% | 435M+16.0% | 375M | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 35.0M+265.6% | -21.2M-552.9% | 4.67M+140.6% | -11.5M+5.0% | -12.1M-215.6% | |
| Net change in cash | 51.2M-51.9% | 106M+2874.9% | -3.84M+97.6% | -158M-213.8% | 139M-66.2% | |
| Income taxes paid | 135M-23.9% | 177M-39.9% | 295M+27.0% | 232M+14.1% | 203M+166.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 11.1B-27.5% | 15.3B-26.9% | 21.0B+27.4% | 16.5B-68.2% | 51.8B+22.5% | |
| P/E | 27.1×-25.5% | 36.4×-37.0% | 57.8×+79.3% | 32.3×-51.9% | 67.1×+181.7% | |
| P/S | 2.8×-28.1% | 3.8×-30.4% | 5.5×+29.3% | 4.3×-67.5% | 13.1×-23.4% | |
| P/B | 2.7×-31.0% | 4.0×-27.8% | 5.5×+23.8% | 4.5×-68.8% | 14.3×+9.3% | |
| P/FCF | 22.7×-8.0% | 24.6×-19.4% | 30.6×-35.2% | 47.2×-29.7% | 67.1×-19.5% | |
| Earnings yield | 3.7%+34.3% | 2.7%+58.8% | 1.7%-44.2% | 3.1%+108.0% | 1.5%-64.5% | |
| FCF yield | 4.4%+8.7% | 4.1%+24.1% | 3.3%+54.3% | 2.1%+42.2% | 1.5%+24.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ALGN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ALGN filings on SEC EDGAR → Not investment advice.