Align Technology

Health Care Health Care Supplies Tempe, Arizona Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.0B
                    3y CAGR +2.6%
                    
                    P37
                    
                    n/a
                    
                    Net income
                    FY2025
                
$410.4M
                    Net margin +10.2%
                    
                    P45
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$6.2B
                    ROA +6.6%
                    
                    P57
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$593.2M
                    FCF margin +12.2%
                    
                    P31
                    
                    n/a

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

27 accounts · 1 year

Total assets $6.2B

Total liabilities $2.2B

Shareholders equity $4.0B

Account	2025	Trend
Assets
Cash and Cash Equivalents	$1.1B
Accounts Receivable	$1.1B
Inventory	$226.3M
Prepaid Expenses	$165.6M
Other Current Assets	$28.0M
Total Current Assets	$2.6B
Property,Plant and Equipment	$1.1B
Operating Lease Assets	$108.3M
Goodwill	$491.8M
Intangible Assets	$93.9M
Deferred Tax Assets	$1.5B
Other Noncurrent Assets	$278.0M
Total Assets	$6.2B
Liabilities
Accounts Payable	$121.5M
Accrued Liabilities	$536.7M
Deferred Revenue	$1.3B
Total Current Liabilities	$1.9B
Operating Lease Liabilities Noncurrent	$82.5M
Other Noncurrent Liabilities	$182.0M
Total Liabilities	$2.2B
Equity
Preferred Stock	$0
Common Stock	$7.0K
Additional Paid In Capital	$1.5B
Retained Earnings	$2.5B
Accumulated Other Comprehensive Income	$75.4M
Total Stockholders Equity	$4.0B
Total Liabilitiesand Equity	$6.2B

Income Statement

Revenue, expense, and profitability

17 accounts · 1 year

Revenue $4.0B

Operating income $545.8M

Net income $410.4M

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	$4.0B
Expenses Cost of Revenue	$1.3B
Other Income Expense Gross Profit	$2.7B
Expenses Research and Development	$369.9M
Expenses Selling,General and Administrative	$1.8B
Expenses Other Operating Expenses	$39.6M
Expenses Operating Expenses	$2.2B
Other Income Expense Operating Income	$545.8M
Other Income Expense Interest Income	$16.0M
Other Income Expense Other Income/expense	$23.5M
Other Income Expense Income Before Tax	$585.3M
Income Tax Income Tax Expense	$174.9M
net Income net Income	$410.4M
net Income Comprehensive Income	$479.8M
Earnings Per Share Basic Eps	$6
Earnings Per Share Diluted Eps	$6
Earnings Per Share Weighted Average Shares Diluted	$72.6M

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 1 year

Operating cash flow $593.2M

Investing cash flow $-112.4M

Financing cash flow $-464.6M

Account	2025	Trend
CashFlow
Operating Activities net Income	$410.4M
Operating Activities Depreciation and Amortization	$277.2M
Operating Activities Stock Based Compensation	$185.9M
Operating Activities Deferred Income Taxes	$33.1M
Operating Activities Changes In Operating Assets and Liabilities	$-356.0M
Operating Activities Other Non Cash Items	$42.8M
Operating Activities net Cash From Operating Activities	$593.2M
Investing Activities Capital Expenditures	$-102.4M
Investing Activities Business Acquisitions	$0
Investing Activities Purchases of Investments	$-10.0M
Investing Activities Proceeds From Sale of Investments	$0
Investing Activities Other Investing Activities	$0
Investing Activities net Cash From Investing Activities	$-112.4M
Financing Activities Repurchase of Common Stock	$-465.9M
Financing Activities Proceeds From Stock Issuance	$21.7M
Financing Activities Tax Withholding On Stock Based Compensation	$-20.4M
Financing Activities net Cash From Financing Activities	$-464.6M
Cash Reconciliation Effect of Exchange Rate On Cash	$35.0M
Cash Reconciliation net Change In Cash	$51.2M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+67.2%
Operating margin	+13.5%
Net margin	+10.2%
FCF margin	+12.2%
Growth
Revenue CAGR (3y)	+2.6%
Returns
ROE	+10.1%
ROA	+6.6%
ROIC	—
Liquidity
Current ratio	1.36x
Quick ratio	1.14x
Leverage
D/E	0.54x
Interest coverage	—
Efficiency
Asset turnover	0.65x
Cash conversion cycle	+129d

Valuation

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FY2025 fundamentals · no price

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