Align Technology, Inc.

Align Technology, Inc.

ALGNยทNASDAQ

$161.71

-3.0%
HealthcareMedical - Devices

Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services. The Clear Aligner segment consists of comprehensive products, including Invisalign comprehensive treatment that addresses the orthodontic needs of teenage patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of seven and ten years, which is a mixture of primary/baby and permanent teeth. This segment's non-comprehensive products comprise Invisalign moderate, lite and express packages, and Invisalign go; and non-case products include retention products, Invisalign training fees, and sales of ancillary products, such as cleaning material, and adjusting tools used by dental professionals during the course of treatment. The Scanners and Services segment offers iTero scanner, a single hardware platform with software options for restorative or orthodontic procedures; restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons; and software for orthodontists for digital records storage, orthodontic diagnosis, and for the fabrication of printed models and retainers. This segment also provides computer-aided design and computer-aided manufacturing services; ancillary products, such as disposable sleeves for the wand; iTero model and dies; third party scanners and digital scans; Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; and TimeLapse technology, which allows doctors or practitioners to compare a patient's historic 3D scans to the present-day scan. The company sells its products in the United States, Switzerland, China, and internationally. Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.

At a Glance

Live Snapshot
Market Cap$11.58B
EPS5.6600
P/E Ratio28.57
Earnings Date07/29/2026
3Y+4.0%
5Y-10.0%
10Y+140.0%
3Y-47.0%
5Y-51.0%
10Y-254.0%
3Y-7.0%
5Y+1408.0%
10Y+386.0%
ALGN

Align Technology, Inc. Cash Conversion Engine

ALGN ยท NASDAQ
Net Income410.35M
Depreciation & Amortization237.44M
Stock-Based Compensation0.00
Change in Working Capital-356.01M
Others268.37M
Capital Expenditures-102.44M
Free Cash Flow490.78M

Cash Flow Quality Analysis

FCF Conversion Rate

119.6%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

17.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-21.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$356.01M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Align Technology, Inc. Cash Flow Statement

ALGN โ€ข NASDAQ

Align Technology, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
410.4M
421.4M
445.1M
361.6M
772M
1.8B
442.8M
400.2M
231.4M
189.7M
144M
145.8M
64.3M
58.7M
66.7M
74.3M
-31.3M
80M
35.7M
-35M
237.4M
145M
142.4M
125.8M
108.7M
93.5M
79M
54.7M
37.7M
24M
18M
17.9M
16.8M
17.8M
17.5M
14.2M
13M
12.8M
13.4M
10.3M
33.1M
25.8M
-18.6M
-39.5M
15.5M
-1.5B
307K
-15.7M
17.6M
-513K
-1.2M
25.5M
21.2M
17.8M
5.8M
17.3M
-2.6M
-64.6M
-12.2M
-8.9M
0.0
173.7M
154M
133.4M
114.3M
98.4M
88.2M
70.8M
58.9M
54.1M
52.9M
39.8M
26.4M
21.5M
19.2M
16.1M
15.1M
17.7M
12.2M
8.9M
268.4M
44.8M
70.8M
71.8M
7.8M
56.2M
61.8M
25.9M
17.1M
-3.1M
3.4M
-11.3M
44.1M
21.4M
-11.3M
-2.9M
64.1M
2.2M
11.8M
8.6M
(0.0)
(177.1M)
(294.6M)
(231.9M)
(203.3M)
(76.3M)
(0.0)
(0.0)
(51.2M)
(47.3M)
(40.6M)
(5.7M)
(4.1M)
(2.8M)
(2M)
(1.9M)
(0.0)
(0.0)
(0.0)
(0.0)
-356M
-72.4M
-7.9M
-84.3M
154.2M
129.7M
75.2M
18.7M
75.9M
-16.6M
20.8M
9.2M
13.2M
-3.4M
32.5M
10.6M
15.9M
-8.3M
-8.2M
2M
593.2M
738.2M
785.8M
568.7M
1.2B
662.2M
747.3M
554.7M
438.5M
247.7M
238M
226.9M
186M
133.8M
130.5M
129.5M
74.2M
39.7M
52.8M
-14M
INVESTING ACTIVITIES
-102.4M
-115.6M
-177.7M
-291.9M
-401.1M
-154.9M
-149.7M
-223.3M
-195.7M
-70.6M
-53.5M
-24.1M
-19.4M
-38.3M
-30.4M
-18M
-7.2M
-14.3M
-7.4M
-24M
(0.0)
-183.4M
-77M
-12.3M
-8M
-420.8M
(0.0)
-5M
-21.7M
-46.7M
(0.0)
(0.0)
-7.7M
(0.0)
-187.6M
(0.0)
(0.0)
(189K)
(0.0)
(366K)
-10M
(0.0)
-2.9M
-28M
-200.9M
-5.3M
-693.3M
-180.2M
-390.2M
-405.6M
-447.1M
-437.2M
-303.9M
-67.5M
(95K)
-18.3M
-42.9M
-75.1M
-64.7M
-18.4M
0.0
43.9M
61.4M
121.1M
47M
321.5M
485.4M
384.7M
388.8M
604M
334.1M
259.8M
122.7M
25.2M
10.3M
20.6M
48.9M
87.9M
34.8M
9.5M
0.0
235K
278K
-2.2M
-417K
28.1M
7.1M
30.8M
-29.4M
-8.2M
46K
-183K
-2.4M
2.3M
-4M
-145K
-334K
214K
539K
-154K
-112.4M
-254.9M
-195.9M
-213.3M
-563.4M
-231.5M
-350.4M
(6.9M)
-248.3M
(72.8M)
-166.4M
-201.6M
-210.7M
-78.3M
-211.6M
-15.9M
-1.6M
-1.1M
-36.8M
-32.8M
FINANCING ACTIVITIES
-444.2M
-327.6M
-565.8M
-408.9M
-349.4M
20.3M
-382.1M
-283.4M
-89.3M
-82.4M
-90.5M
-80.2M
-60.9M
-4.9M
17.7M
11.8M
8.1M
-39.6M
29M
16.2M
0.0
0.0
0.0
0.0
0.0
0.0
-45.8M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-136K
-407K
-11.5M
11.5M
-465.9M
-352.9M
-592.4M
-435M
-375M
(0.0)
-400M
-300M
-103.8M
-96.2M
-101.8M
-98.2M
-95.1M
-47.2M
-7.8M
(0.0)
(0.0)
-50.1M
(0.0)
(0.0)
-20.4M
-28.1M
-32.6M
-92.8M
-108.9M
-51.1M
-57.7M
-86.1M
-46.2M
-13.1M
-10.3M
13.8M
22.7M
15.1M
9.5M
2.9M
-1.1M
-316K
16K
0.0
-464.6M
-355.7M
-598.3M
-501.7M
-458.3M
-30.8M
-485.5M
-369.4M
-135.5M
-95.5M
-100.8M
-66.4M
-38.2M
10.2M
27.2M
14.7M
6.8M
-40.4M
17.5M
27.7M
CASH FLOW SUMMARY
35M
-21.2M
4.7M
-11.5M
-12.1M
10.5M
2.3M
-4.7M
5.5M
-3.4M
-3M
-1.9M
-504K
28K
-93K
-139K
-59K
-355K
499K
0.0
51.2M
106.4M
-3.8M
-157.8M
138.7M
410.3M
-86.4M
187.4M
60.2M
221.6M
-32.2M
-43.1M
-63.4M
65.7M
-54M
128.2M
79.4M
-2M
34M
-19.1M
1B
938.5M
942.4M
1.1B
961.5M
551.1M
637.6M
450.1M
389.3M
167.7M
199.9M
243M
306.4M
240.7M
294.7M
166.5M
87.1M
89.1M
55.1M
74.2M
1.1B
1B
938.5M
942.4M
1.1B
961.5M
551.1M
637.6M
449.5M
389.3M
167.7M
199.9M
243M
306.4M
240.7M
294.7M
166.5M
87.1M
89.1M
55.1M
490.8M
622.7M
608.1M
276.8M
771.4M
507.3M
597.6M
331.4M
242.8M
177.1M
184.5M
202.8M
166.6M
95.4M
100.1M
111.5M
67M
25.4M
45.3M
-38.1M

SEC Filings

ALGN - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 20, 2026
May 20, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 06, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 01, 2026
April 30, 2026
2026
8-K

8-K 2026

N/A

April 29, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 07, 2026
December 31, 2025
2025
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 24, 2026
2026
8-K

8-K 2026

N/A

February 04, 2026
February 04, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 05, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 29, 2025
October 29, 2025
2025
Showing 1 to 10 of 425 filings