Align Technology Financial Statements
NASDAQ: ALGNHealth CareIndustrial SpecialtiesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Align Technology revenue and earnings
In fiscal 2025, Align Technology generated $4.03 billion in revenue, up 0.9% from fiscal 2024, its 3rd consecutive year of revenue growth. Net income was $410.4 million (-2.6% year over year), for a net margin of 10.2% versus a median of 11.5% in the prior 5 years. Gross margin was 67.2% (down from 70.0%) and operating margin 13.5%.
Diluted earnings per share came in at $5.65, up from $5.62. Over the last 5 fiscal years, ALGN's revenue has grown at a 10.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Align Technology income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.03B | 4.00B | 3.86B | 3.73B | 3.95B | 2.47B | 2.41B | 1.97B | 1.47B | 1.08B |
| Revenue growth (YoY) | +0.90% | +3.54% | +3.42% | -5.51% | +59.90% | +2.71% | +22.39% | +33.47% | +36.44% | +27.72% |
| Cost of Revenue | 1.32B | 1.20B | 1.16B | 1.10B | 1.02B | 708.71M | 662.90M | 518.63M | 356.47M | 264.58M |
| Gross Profit | 2.71B | 2.80B | 2.71B | 2.63B | 2.94B | 1.76B | 1.74B | 1.45B | 1.12B | 815.29M |
| Operating Expenses | 2.17B | 2.19B | 2.06B | 1.99B | 1.96B | 1.38B | 1.20B | 981.30M | 763.34M | 566.37M |
| Research & Development | 369.91M | 364.20M | 346.83M | 305.26M | 250.31M | 175.31M | 157.36M | 128.90M | 97.56M | 75.72M |
| Selling, General & Admin | 1.76B | 1.76B | 1.70B | 1.67B | 1.71B | 1.20B | 1.07B | 852.40M | — | — |
| Operating Income | 545.75M | 607.63M | 643.34M | 642.60M | 976.40M | 387.17M | 542.49M | 466.56M | 353.61M | 248.92M |
| Other Income (Expense) | 23.49M | -18.89M | -19.39M | -48.91M | 32.92M | -11.35M | 7.68M | -8.49M | 4.24M | -10.57M |
| Pretax Income | 585.29M | 608.96M | 641.20M | 599.06M | 1.01B | 378.95M | 562.65M | 466.65M | 364.80M | 242.57M |
| Income Tax | 174.94M | 187.60M | 196.15M | 237.48M | 240.40M | -1.40B | 112.35M | 57.72M | 130.16M | 51.20M |
| Net Income | 410.35M | 421.36M | 445.05M | 361.57M | 772.02M | 1.78B | 442.78M | 400.24M | 231.42M | 189.68M |
| Net Income growth (YoY) | -2.61% | -5.32% | +23.09% | -53.17% | -56.53% | +301.08% | +10.63% | +72.95% | +22.00% | +31.71% |
| EPS (Basic) | 5.66 | 5.63 | 5.82 | 4.62 | 9.78 | 22.55 | 5.57 | 5.00 | 2.89 | 2.38 |
| EPS (Diluted) | 5.65 | 5.62 | 5.81 | 4.61 | 9.69 | 22.41 | 5.53 | 4.92 | 2.83 | 2.33 |
| Shares Outstanding (Basic) | 72.54M | 74.88M | 76.43M | 78.19M | 78.92M | 78.76M | 79.42M | 80.06M | 80.08M | 79.86M |
| Shares Outstanding (Diluted) | 72.59M | 74.99M | 76.57M | 78.42M | 79.67M | 79.23M | 80.10M | 81.36M | 81.83M | 81.48M |
| EBITDA | 783.19M | 752.66M | 785.74M | 768.39M | 1.09B | 480.71M | 621.48M | 521.29M | 391.35M | 272.92M |
| Gross Margin | 67.19% | 70.00% | 70.08% | 70.52% | 74.26% | 71.33% | 72.46% | 73.63% | 75.81% | 75.50% |
| Operating Margin | 13.53% | 15.19% | 16.66% | 17.21% | 24.70% | 15.66% | 22.54% | 23.73% | 24.00% | 23.05% |
| Net Margin | 10.17% | 10.54% | 11.52% | 9.68% | 19.53% | 71.84% | 18.40% | 20.35% | 15.71% | 17.57% |
This table shows 10 annual periods of Align Technology's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow ALGN's reporting calendar. What is a income statement?