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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,981	3,999	3,862	3,735	3,953	2,472
Revenue Growth (YoY)	1.64%	3.54%	3.42%	-5.51%	59.90%	2.71%
Cost of Revenue	1,193	1,196	1,155	1,101	1,017	708.71
Gross Profit	2,787	2,803	2,708	2,634	2,935	1,763
Selling, General & Admin	1,759	1,763	1,703	1,674	1,709	1,201
Research & Development	369.54	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	658.92	675.56	657.35	654.05	976.4	387.17
Interest & Investment Income	21.14	20.22	17.26	5.37	3.1	3.13
Currency Exchange Gain (Loss)	-52.2	-21	-7	-43.8	-13.3	6.8
Other Non Operating Income (Expenses)	31.6	-7.87	-7.4	-5.11	2.82	-7.95
EBT Excluding Unusual Items	659.45	666.91	660.21	610.51	969.02	389.15
Merger & Restructuring Charges	-39.18	-36.97	-14.02	-11.45	-	-10.2
Gain (Loss) on Sale of Investments	5.89	9.99	-4.99	-	-	-
Legal Settlements	-35.15	-30.97	-	-	43.4	-
Pretax Income	591.02	608.96	641.2	599.06	1,012	378.95
Income Tax Expense	181.45	187.6	196.15	237.48	240.4	-1,397
Net Income	409.56	421.36	445.05	361.57	772.02	1,776
Net Income to Common	409.56	421.36	445.05	361.57	772.02	1,776
Net Income Growth	-11.40%	-5.32%	23.09%	-53.16%	-56.53%	301.08%
Shares Outstanding (Basic)	74	75	76	78	79	79
Shares Outstanding (Diluted)	75	75	77	78	80	79
Shares Change (YoY)	-2.04%	-2.06%	-2.36%	-1.57%	0.56%	-1.09%
EPS (Basic)	5.50	5.63	5.82	4.62	9.78	22.55
EPS (Diluted)	5.50	5.62	5.81	4.61	9.69	22.41
EPS Growth	-9.32%	-3.27%	26.03%	-52.42%	-56.76%	305.24%
Free Cash Flow	630.74	622.65	608.06	276.83	771.45	507.26
Free Cash Flow Per Share	8.46	8.30	7.94	3.53	9.68	6.40
Gross Margin	70.02%	70.09%	70.10%	70.52%	74.26%	71.33%
Operating Margin	16.55%	16.89%	17.02%	17.51%	24.70%	15.66%
Profit Margin	10.29%	10.54%	11.52%	9.68%	19.53%	71.84%
Free Cash Flow Margin	15.84%	15.57%	15.74%	7.41%	19.52%	20.52%
EBITDA	810.15	820.6	799.76	779.84	1,085	480.71
EBITDA Margin	20.35%	20.52%	20.71%	20.88%	27.45%	19.45%
D&A For EBITDA	151.24	145.03	142.4	125.79	108.73	93.54
EBIT	658.92	675.56	657.35	654.05	976.4	387.17
EBIT Margin	16.55%	16.89%	17.02%	17.51%	24.70%	15.66%
Effective Tax Rate	30.70%	30.81%	30.59%	39.64%	23.75%	-
Advertising Expenses	-	185	201.2	222	325.6	-

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q