Align Technology, Inc.
HealthcareNASDAQ:ALGN · NASDAQ Global Select
-$1.99 today
Vol 0.48M · Avg 1.10M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$4.1B of revenue converted into $429.9M of net income for the selected period. Gross margin is 67.7% and net margin is 10.5%, showing how much revenue survives after costs and taxes. EPS is $5.96, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.0B +0.9% | $4.0B +3.5% | $3.9B +3.4% | $3.7B -5.5% | $4.0B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.3B +6.5% | $1.2B +3.8% | $1.2B +5.0% | $1.1B +8.2% | $1.0B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $2.8B -1.5% | $2.8B +3.4% | $2.7B +2.8% | $2.6B -10.3% | $2.9B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 68.3% -1.7pp | 70.0% -0.1pp | 70.1% -0.4pp | 70.5% -3.7pp | 74.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $369.9M +1.6% | $364.2M +5.0% | $346.8M +13.6% | $305.3M +21.9% | $250.3M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.8B -0.4% | $1.8B +3.5% | $1.7B +1.7% | $1.7B -2.0% | $1.7B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $2.1B -2.3% | $2.2B +6.2% | $2.1B +3.6% | $2.0B +1.6% | $2.0B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $180.6M +24.5% | $145.0M +1.8% | $142.4M +13.2% | $125.8M +15.7% | $108.7M | $374.2M | $1.2B | $631.8M |
| EBITDA | $765.9M -6.2% | $816.8M +2.2% | $799.1M +2.5% | $779.8M -30.4% | $1.1B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 19.0% -1.4pp | 20.4% -0.3pp | 20.7% -0.2pp | 20.9% -7.5pp | 28.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $616.2M +1.4% | $607.6M -5.6% | $643.3M +0.1% | $642.6M -34.2% | $976.4M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 15.3% +0.1pp | 15.2% -1.5pp | 16.7% -0.5pp | 17.2% -7.5pp | 24.7% | 16.6% | 24.1% | 22.0% |
| Interest Income | $16.0M -20.6% | $20.2M +17.2% | $17.3M +221.6% | $5.4M +73.0% | $3.1M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$30.9M -2423.7% | $1.3M +162.4% | -$2.1M +95.1% | -$43.5M -220.9% | $36.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $585.3M -3.9% | $609.0M -5.0% | $641.2M +7.0% | $599.1M -40.8% | $1.0B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 14.5% -0.7pp | 15.2% -1.4pp | 16.6% +0.6pp | 16.0% -9.6pp | 25.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $174.9M -6.7% | $187.6M -4.4% | $196.2M -17.4% | $237.5M -1.2% | $240.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | $410.4M -2.6% | $421.4M -5.3% | $445.1M +23.1% | $361.6M -53.2% | $772.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 10.2% -0.4pp | 10.5% -1.0pp | 11.5% +1.8pp | 9.7% -9.9pp | 19.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $6 +0.5% | $6 -3.3% | $6 +26.0% | $5 -52.8% | $10 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $6 +0.5% | $6 -3.3% | $6 +26.0% | $5 -52.4% | $10 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $72.5M -3.1% | $74.9M -2.0% | $76.4M -2.3% | $78.2M -0.9% | $78.9M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $72.6M -3.2% | $75.0M -2.1% | $76.6M -2.4% | $78.4M -1.6% | $79.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Exelixis, Inc.
NASDAQ:EXEL
$13.39B
Penumbra, Inc.
NYSE:PEN
$12.52B
Revvity, Inc.
NYSE:RVTY
$11.13B
Globus Medical, Inc.
NYSE:GMED
$10.88B
BioMarin Pharmaceutical Inc.
NASDAQ:BMRN
$10.84B
The Ensign Group, Inc.
NASDAQ:ENSG
$8.67B
Bio-Rad Laboratories, Inc.
NYSE:BIO
$7.72B
Qiagen N.V.
NYSE:QGEN
$7.65B
Hims & Hers Health, Inc.
NYSE:HIMS
$5.97B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does ALGN generate?
Align Technology, Inc. (ALGN) reported $4.03B of revenue in fiscal 2025.
Is ALGN profitable?
Align Technology, Inc. (ALGN) reported $410.35M of net income, with a net margin of 10.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.