ALIGN TECHNOLOGY INC

ALGN 10-K · FY 2025

ALGN FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 4,034,964 3,999,012 +0.9%
Show Business Segments breakouts
Clear Aligner · Operating Segments 3,245,404 3,230,122 +0.5%
Systems and Services · Operating Segments 789,560 768,890 +2.7%
Show Geography breakouts
CH 920,588 983,629 -6.4%
Other International 1,453,191 1,319,687 +10.1%
US 1,661,185 1,695,696 -2.0%
Cost of Revenue 1,323,951 1,199,853 +10.3%
Show Business Segments breakouts
Clear Aligner · Operating Segments 1,058,893 952,136 +11.2%
Systems and Services · Operating Segments 265,058 247,717 +7.0%
Gross Profit 2,711,013 2,799,159 -3.1%
Show Business Segments breakouts
Clear Aligner · Operating Segments 2,186,511 2,277,986 -4.0%
Systems and Services · Operating Segments 524,502 521,173 +0.6%
Selling, General & Administrative 1,755,791 1,763,193 -0.4%
Research & Development 369,911 364,202 +1.6%
Restructuring And Other Charges 35,378 33,168 +6.7%
Gain Loss Related To Litigation Settlement 4,178 30,968 -86.5%
Operating Expenses 2,165,258 2,191,531 -1.2%
Show Business Segments breakouts
Clear Aligner · Operating Segments 1,151,720 1,135,782 +1.4%
Systems and Services · Operating Segments 218,412 251,951 -13.3%
Show Consolidation Items breakouts
Corporate Non Segment 795,126 803,798 -1.1%
Operating Income 545,755 607,628 -10.2%
Show Business Segments breakouts
Clear Aligner · Operating Segments 1,034,791 1,142,204 -9.4%
Systems and Services · Operating Segments 306,090 269,222 +13.7%
Show Consolidation Items breakouts
Corporate Non Segment -795,126 -803,798 +1.1%
Operating Segments 1,340,881 1,411,426 -5.0%
Interest Income Other 16,045 20,218 -20.6%
Non-Operating Income (Expense) 23,487 -18,887 +224.4%
Interest Income And Other Income Expense Net 39,532 1,331 +2870.1%
Income Before Taxes 585,287 608,959 -3.9%
Income Tax Expense (Benefit) 174,936 187,597 -6.7%
Net Income 410,351 421,362 -2.6%
Show Equity Components breakouts
Retained Earnings 410,351 421,362 -2.6%
Show Change In Accounting Estimate By Type breakouts
Service Life · Specifically Identified Manufacturing Assets -53.9 — —
EPS (Basic) 5.66 5.63 +0.5%
Show Change In Accounting Estimate By Type breakouts
Service Life · Specifically Identified Manufacturing Assets -0.74 — —
EPS (Diluted) 5.65 5.62 +0.5%
Show Change In Accounting Estimate By Type breakouts
Service Life · Specifically Identified Manufacturing Assets -0.74 — —
Wtd Avg Shares (Basic) 72,542 74,877 -3.1%
Wtd Avg Shares (Diluted) 72,588 74,993 -3.2%
Comprehensive Income 479,761 406,172 +18.1%
Other Comprehensive Income 69,410 -15,190 +556.9%
Operating Lease Lease Income 28.8 21.7 +32.7%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 1,094,908 1,043,887 +4.9%
Show Financial Instrument breakouts
Certificates Of Deposit 15,917 — —
Certificates Of Deposit · Cash And Cash Equivalents 15,917 — —
Money Market Funds 308,940 291,464 +6.0%
Money Market Funds · Cash And Cash Equivalents 308,940 291,464 +6.0%
Show Balance Sheet Location breakouts
Cash And Cash Equivalents · Cash 770,051 752,423 +2.3%
Show Cash And Cash Equivalents breakouts
Cash 770,051 752,423 +2.3%
Accounts Receivable 1,101,757 995,685 +10.7%
Inventory 226,343 254,287 -11.0%
Prepaid Expenses & Other Current Assets 165,571 198,582 -16.6%
Assets Of Disposal Group Including Discontinued Operation Current 27,983 — —
Total Current Assets 2,616,562 2,492,441 +5.0%
Non-Current Assets
Property, Plant & Equipment 1,131,453 1,271,134 -11.0%
Operating Lease Right-of-Use Assets 108,322 113,376 -4.5%
Goodwill 491,833 442,630 +11.1%
Show Business Segments breakouts
Clear Aligner 164,255 152,645 +7.6%
Systems and Services 327,578 289,985 +13.0%
Deferred Tax Assets 1,513,542 1,557,372 -2.8%
Other Non-Current Assets 278,048 234,159 +18.7%
Total Assets 6,233,693 6,214,600 +0.3%
Intangible Assets 93,933 103,488 -9.2%
Other Assets
Intangible Assets Net Excluding Goodwill 93,933 103,488 -9.2%
Current Liabilities
Accounts Payable 121,450 108,693 +11.7%
Accrued Liabilities 536,749 598,188 -10.3%
Deferred Revenue 1,261,816 1,331,146 -5.2%
Total Current Liabilities 1,920,015 2,038,027 -5.8%
Non-Current Liabilities
Accrued Income Taxes Noncurrent 68,200 96,466 -29.3%
Operating Lease Liabilities 82,507 88,214 -6.5%
Other Non-Current Liabilities 113,824 139,908 -18.6%
Total Liabilities 2,184,546 2,362,615 -7.5%
Stockholders' Equity
Common Stock 7 7 0.0%
Additional Paid-In Capital 1,509,595 1,362,234 +10.8%
Accumulated Other Comprehensive Income 75,388 5,978 +1161.1%
Retained Earnings 2,464,157 2,483,766 -0.8%
Total Stockholders' Equity 4,049,147 3,851,985 +5.1%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 75,388 5,978 +1161.1%
Additional Paid In Capital 1,509,595 1,362,234 +10.8%
Common Stock 7 7 0.0%
Retained Earnings 2,464,157 2,483,766 -0.8%
Total Liabilities & Equity 6,233,693 6,214,600 +0.3%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Deferred Income Taxes 33,085 25,756 +28.5%
Depreciation & Amortization 237,436 145,034 +63.7%
Show Business Segments breakouts
Clear Aligner · Operating Segments 151,565 67,450 +124.7%
Systems and Services · Operating Segments 39,513 30,998 +27.5%
Show Consolidation Items breakouts
Corporate Non Segment 46,358 46,586 -0.5%
Stock-Based Compensation 185,870 173,703 +7.0%
Show Business Segments breakouts
Clear Aligner · Operating Segments 23,883 22,888 +4.3%
Systems and Services · Operating Segments 1,525 1,595 -4.4%
Show Consolidation Items breakouts
Corporate Non Segment 160,462 149,220 +7.5%
Operating Lease Right Of Use Asset Amortization Expense 39,742 38,438 +3.4%
Impairment Of Long Lived Assets To Be Disposed Of 23,142 — —
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts
Juarez, Mexico Manufacturing Facility 23.1 — —
Equity Securities Without Readily Determinable Fair Value Price Adjustments And Impairment Loss Annual Amount -18,074 -5,885 -207.1%
Other Non-Cash Items 37,686 12,256 +207.5%
Change in Accounts Receivable -139,909 -153,487 +8.8%
Change in Inventory 808 25,053 -96.8%
Change in Prepaid & Other Assets 13,431 67,527 -80.1%
Change in Accounts Payable 5,330 -843 +732.3%
Increase Decrease In Accrued Liabilities And Other Operating Liabilities -95,654 89,705 -206.6%
Increase Decrease In Accrued Income Taxes Payable -28,265 -20,279 -39.4%
Increase Decrease In Deferred Revenue -111,756 -80,109 -39.5%
Net Cash from Operations 593,223 738,231 -19.6%
Investing Activities
Capital Expenditures -102,445 -115,580 +11.4%
Payments To Acquire Equity Securities -10,000 -106,345 +90.6%
Net Cash from Investing -112,445 -254,912 +55.9%
Financing Activities
Proceeds From Issuance Of Common Stock 21,749 25,281 -14.0%
Share Repurchases -465,939 -352,878 -32.0%
Tax Withholding for Share Compensation -20,390 -28,125 +27.5%
Net Cash from Financing -464,580 -355,722 -30.6%
Supplemental
Income Taxes Paid 134,753 — —
Unpaid Capital Expenditures 16,592 18,974 -12.6%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 35,025 -21,153 +265.6%
Net Change in Cash 51,223 106,444 -51.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,096,186 1,044,963 +4.9%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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