Align Technology Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,035	3,999	3,862	3,735	3,953
Revenue Growth (YoY)	0.90%	3.54%	3.42%	-5.51%	59.90%
Cost of Revenue	1,293	1,196	1,155	1,101	1,017
Gross Profit	2,742	2,803	2,708	2,634	2,935
Selling, General & Admin	1,756	1,763	1,703	1,674	1,709
Research & Development	369.91	364.2	346.83	305.26	250.32
Operating Expenses	2,126	2,127	2,050	1,980	1,959
Operating Income	616.22	675.56	657.35	654.05	976.4
Interest & Investment Income	16.05	20.22	17.26	5.37	3.1
Currency Exchange Gain (Loss)	-	-21	-7	-43.8	-13.3
Other Non Operating Income (Expenses)	23.49	-7.87	-7.4	-5.11	2.82
EBT Excluding Unusual Items	655.75	666.91	660.21	610.51	969.02
Merger & Restructuring Charges	-43.14	-36.97	-14.02	-11.45	-
Gain (Loss) on Sale of Investments	-	9.99	-4.99	-	-
Asset Writedown	-23.14	-	-	-	-
Legal Settlements	-4.18	-30.97	-	-	43.4
Pretax Income	585.29	608.96	641.2	599.06	1,012
Income Tax Expense	174.94	187.6	196.15	237.48	240.4
Net Income	410.35	421.36	445.05	361.57	772.02
Net Income to Common	410.35	421.36	445.05	361.57	772.02
Net Income Growth	-2.61%	-5.32%	23.09%	-53.16%	-56.53%
Shares Outstanding (Basic)	73	75	76	78	79
Shares Outstanding (Diluted)	73	75	77	78	80
Shares Change (YoY)	-3.21%	-2.06%	-2.36%	-1.57%	0.56%
EPS (Basic)	5.66	5.63	5.82	4.62	9.78
EPS (Diluted)	5.65	5.62	5.81	4.61	9.69
EPS Growth	0.53%	-3.27%	26.03%	-52.42%	-56.76%
Free Cash Flow	593.22	622.65	608.06	276.83	771.45
Free Cash Flow Per Share	8.17	8.30	7.94	3.53	9.68
Gross Margin	67.95%	70.09%	70.10%	70.52%	74.26%
Operating Margin	15.27%	16.89%	17.02%	17.51%	24.70%
Profit Margin	10.17%	10.54%	11.52%	9.68%	19.53%
Free Cash Flow Margin	14.70%	15.57%	15.74%	7.41%	19.52%
EBITDA	796.8	820.6	799.76	779.84	1,085
EBITDA Margin	19.75%	20.52%	20.71%	20.88%	27.45%
D&A For EBITDA	180.59	145.03	142.4	125.79	108.73
EBIT	616.22	675.56	657.35	654.05	976.4
EBIT Margin	15.27%	16.89%	17.02%	17.51%	24.70%
Effective Tax Rate	29.89%	30.81%	30.59%	39.64%	23.75%
Advertising Expenses	-	185	201.2	222	325.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.