Align Technology

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

                    Revenue
                    FY2025
                
$4.0B
                    3y CAGR +2.6%
                    
                    P36
                    
                    n/a
                    
                    Net income
                    FY2025
                
$410.4M
                    Net margin +10.2%
                    
                    P50
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$6.2B
                    ROA +6.6%
                    
                    P57
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$593.2M
                    FCF margin +12.2%
                    
                    P35
                    
                    n/a

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

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

30 accounts · 1 year

Total assets $6.2B

Total liabilities $2.2B

Shareholders equity $4.0B

Account	2025	Trend
Assets
Cash and Cash Equivalents	27.1%
Accounts Receivable	27.3%
Inventory	5.6%
Prepaid Expenses	4.1%
Other Current Assets	1.2%
Total Current Assets	64.8%
Property,Plant and Equipment	28.0%
Operating Lease Assets	2.7%
Goodwill	12.2%
Intangible Assets	2.3%
Deferred Tax Assets	37.5%
Other Noncurrent Assets	6.9%
Total Assets	154.5%
Liabilities
Accounts Payable	3.0%
Accrued Liabilities	13.3%
Deferred Revenue	31.3%
Operating Lease Liabilities	0.8%
Other Current Liabilities	2.8%
Total Current Liabilities	47.6%
Deferred Revenue Noncurrent	2.1%
Operating Lease Liabilities Noncurrent	2.0%
Other Noncurrent Liabilities	2.8%
Total Liabilities	54.1%
Equity
Preferred Stock	0.0%
Common Stock	0.0%
Additional Paid In Capital	37.4%
Retained Earnings	61.1%
Accumulated Other Comprehensive Income	1.9%
Total Stockholders Equity	100.4%
Total Liabilitiesand Equity	154.5%

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	100.0%
Expenses Cost of Revenue	32.8%
Expenses Research and Development	9.2%
Expenses Selling,General and Administrative	43.5%
Expenses Depreciation and Amortization	5.9%
Expenses Share Based Compensation	4.6%
Expenses Operating Expenses	53.7%
Other Income Expense Gross Profit	67.2%
Other Income Expense Operating Income	13.5%
Other Income Expense Income Before Tax	14.5%
Income Tax Income Tax Expense	4.3%
net Income net Income	10.2%
net Income Comprehensive Income	11.9%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	1.8%
Earnings Per Share Weighted Average Shares Diluted	1.8%

Cash Flow Statement

Operating, investing, and financing flows

20 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	10.2%
Operating Activities Depreciation and Amortization	5.9%
Operating Activities Stock Based Compensation	4.6%
Operating Activities Deferred Income Taxes	0.8%
Operating Activities Changes In Operating Assets and Liabilities	0.5%
Operating Activities net Cash From Operating Activities	14.7%
Investing Activities Capital Expenditures	2.5%
Investing Activities Business Acquisitions	0.0%
Investing Activities Purchases of Investments	0.0%
Investing Activities Proceeds From Sale of Investments	0.0%
Investing Activities Other Investing Activities	0.0%
Investing Activities net Cash From Investing Activities	-2.8%
Financing Activities Repurchase of Common Stock	11.5%
Financing Activities Proceeds From Stock Issuance	0.5%
Financing Activities Tax Withholding On Stock Based Compensation	0.5%
Financing Activities net Cash From Financing Activities	-11.5%
Cash Reconciliation Effect of Exchange Rate On Cash	0.9%
Cash Reconciliation net Change In Cash	1.3%
Cash Reconciliation Cash At Beginning of Period	27.2%
Cash Reconciliation Cash At End of Period	27.2%

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

Price against fundamentals

FY2025 fundamentals · no price

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Margins, returns, liquidity, leverage, efficiency

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