Align Technology, Inc. (ALGN)

Align Technology Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,965	3,999	3,862	3,735	3,953	2,472
Revenue Growth (YoY)	0.56%	3.54%	3.42%	-5.51%	59.90%	2.71%
Cost of Revenue	1,192	1,196	1,155	1,101	1,017	708.71
Gross Profit	2,773	2,803	2,708	2,634	2,935	1,763
Selling, General & Admin	1,755	1,763	1,703	1,674	1,709	1,201
Research & Development	373.75	364.2	346.83	305.26	250.32	175.31
Operating Expenses	2,129	2,127	2,050	1,980	1,959	1,376
Operating Income	643.6	675.56	657.35	654.05	976.4	387.17
Interest & Investment Income	20.7	20.22	17.26	5.37	3.1	3.13
Currency Exchange Gain (Loss)	-86.8	-21	-7	-43.8	-13.3	6.8
Other Non Operating Income (Expenses)	80.3	-7.87	-7.4	-5.11	2.82	-7.95
EBT Excluding Unusual Items	657.8	666.91	660.21	610.51	969.02	389.15
Merger & Restructuring Charges	-39	-36.97	-14.02	-11.45	-	-10.2
Gain (Loss) on Sale of Investments	5.89	9.99	-4.99	-	-	-
Legal Settlements	-4.02	-30.97	-	-	43.4	-
Pretax Income	620.67	608.96	641.2	599.06	1,012	378.95
Income Tax Expense	183.06	187.6	196.15	237.48	240.4	-1,397
Net Income	437.61	421.36	445.05	361.57	772.02	1,776
Net Income to Common	437.61	421.36	445.05	361.57	772.02	1,776
Net Income Growth	-2.11%	-5.32%	23.09%	-53.16%	-56.53%	301.08%
Shares Outstanding (Basic)	74	75	76	78	79	79
Shares Outstanding (Diluted)	74	75	77	78	80	79
Shares Change (YoY)	-2.50%	-2.06%	-2.36%	-1.57%	0.56%	-1.09%
EPS (Basic)	5.93	5.63	5.82	4.62	9.78	22.55
EPS (Diluted)	5.92	5.62	5.81	4.61	9.69	22.41
EPS Growth	0.42%	-3.27%	26.03%	-52.42%	-56.76%	305.24%
Free Cash Flow	631.54	622.65	608.06	276.83	771.45	507.26
Free Cash Flow Per Share	8.55	8.30	7.94	3.53	9.68	6.40
Gross Margin	69.94%	70.09%	70.10%	70.52%	74.26%	71.33%
Operating Margin	16.23%	16.89%	17.02%	17.51%	24.70%	15.66%
Profit Margin	11.04%	10.54%	11.52%	9.68%	19.53%	71.84%
Free Cash Flow Margin	15.93%	15.57%	15.74%	7.41%	19.52%	20.52%
EBITDA	799.24	820.6	799.76	779.84	1,085	480.71
EBITDA Margin	20.16%	20.52%	20.71%	20.88%	27.45%	19.45%
D&A For EBITDA	155.65	145.03	142.4	125.79	108.73	93.54
EBIT	643.6	675.56	657.35	654.05	976.4	387.17
EBIT Margin	16.23%	16.89%	17.02%	17.51%	24.70%	15.66%
Effective Tax Rate	29.49%	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.

SEC Filings: 10-K · 10-Q