ALIGN TECHNOLOGY INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.0B | $4.0B | $3.9B | $3.7B | $4.0B |
| Cost of revenue | $1.3B | $1.2B | $1.2B | $1.1B | $1.0B |
| Gross profit | $2.7B | $2.8B | $2.7B | $2.6B | $2.9B |
| Selling, general & administrative | $1.8B | $1.8B | $1.7B | $1.7B | $1.7B |
| Research and development | $369.9M | $364.2M | $346.8M | $305.3M | $250.3M |
| Operating expenses | $2.2B | $2.2B | $2.1B | $2.0B | $2.0B |
| Operating income | $545.8M | $607.6M | $643.3M | $642.6M | $976.4M |
| Pretax income | $585.3M | $609.0M | $641.2M | $599.1M | $1.0B |
| Income tax expense | $174.9M | $187.6M | $196.2M | $237.5M | $240.4M |
| Net income | $410.4M | $421.4M | $445.1M | $361.6M | $772.0M |
| Balance Sheet | |||||
| Cash and equivalents | $1.1B | $1.0B | $937.4M | $942.0M | $1.1B |
| Current assets | $2.6B | $2.5B | $2.4B | $2.4B | $2.5B |
| Total assets | $6.2B | $6.2B | $6.1B | $5.9B | $5.9B |
| Current liabilities | $1.9B | $2.0B | $2.1B | $1.9B | $1.9B |
| Total liabilities | $2.2B | $2.4B | $2.5B | $2.3B | $2.3B |
| Stockholders' equity | $4.0B | $3.9B | $3.6B | $3.6B | $3.6B |
| Cash Flow Statement | |||||
| Cash from operations | $593.2M | $738.2M | $785.8M | $568.7M | $1.2B |
| Depreciation and amortization | $237.4M | $145.0M | $142.4M | $125.8M | $108.7M |
| Stock-based compensation | $185.9M | $173.7M | $154.0M | $133.4M | $114.3M |
| Capital expenditure | $102.4M | $115.6M | $177.7M | $291.9M | $401.1M |
| Free cash flow | $490.8M | $622.7M | $608.1M | $276.8M | $771.4M |
| Share repurchases | $465.9M | $352.9M | $592.4M | $435.0M | $375.0M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 71.6M · Free float 96.3%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.