Align Technology, Inc. (ALGN) Income Statement
ALGN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsALGN revenue and net income
Where ALGN's revenue goes
2025Each bar shows an amount and its share of revenue. ALGN kept 10.2% of revenue as net income.
ALGN profit margins
ALGN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.9% | +2.6% | +10.3% | +16.9% |
| Gross profit | −1.5% | +1.5% | +9.4% | +15.7% |
| Operating income | +1.4% | −1.4% | +9.7% | +12.6% |
| Net income | −2.6% | +4.3% | −25.4% | +11.0% |
| EPS (diluted) | +12.6% | +13.4% | +15.0% | +19.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ALGN quarterly EPS vs estimates
Align beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 28, 2026 (estimate $2.33).
ALGN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.03B | $4.00B | $3.86B | $3.73B | $3.95B | $2.47B | $2.41B | $1.97B | $1.47B | $1.08B |
| Cost of revenue | $1.28B | $1.20B | $1.16B | $1.10B | $1.02B | $708.7M | $662.9M | $518.6M | $356.5M | $264.6M |
| Gross profit | $2.76B | $2.80B | $2.71B | $2.63B | $2.94B | $1.76B | $1.74B | $1.45B | $1.12B | $815.3M |
| Research & development | $369.9M | $364.2M | $346.8M | $305.3M | $250.3M | $175.3M | $157.4M | $128.9M | $97.6M | $75.7M |
| Sales, general & admin | $1.76B | $1.76B | $1.71B | $1.67B | $1.71B | $1.20B | $953.0M | $852.4M | $665.8M | $490.7M |
| Total operating expenses | $2.14B | $2.19B | $2.05B | $1.99B | $1.96B | $1.38B | $1.20B | $981.3M | $763.3M | $566.4M |
| Operating income | $616.2M | $607.6M | $643.3M | $642.6M | $976.4M | $387.2M | $542.5M | $466.6M | $353.6M | $248.9M |
| Interest income | $16.0M | $20.2M | $15.0M | $5.4M | $3.1M | $3.1M | $12.5M | $8.6M | $11.2M | $6.4M |
| Interest expense | — | — | $2.1M | $5.4M | $36.0M | $8.2M | $147.6M | $0 | $11.2M | $6.4M |
| Income before taxes | $585.3M | $609.0M | $641.2M | $599.1M | $1.01B | $378.9M | $555.1M | $466.7M | $364.8M | $242.6M |
| Income taxes | $174.9M | $187.6M | $196.2M | $237.5M | $240.4M | −$1.40B | $112.3M | $57.7M | $130.2M | $51.2M |
| Net income | $410.4M | $421.4M | $445.1M | $361.6M | $772.0M | $1.78B | $442.8M | $400.2M | $231.4M | $189.7M |
| EBITDA | $822.7M | $816.8M | $643.3M | $779.8M | $1.09B | $480.7M | $593.5M | $521.3M | $391.4M | $272.9M |
| EPS (diluted) | $10.52 | $9.34 | $8.60 | $7.22 | $11.23 | $5.24 | $5.25 | $4.91 | $3.90 | $2.34 |
| Gross margin | 68.3% | 70.0% | 70.1% | 70.5% | 74.3% | 71.3% | 72.5% | 73.6% | 75.8% | 75.5% |
| Operating margin | 15.3% | 15.2% | 16.7% | 17.2% | 24.7% | 15.7% | 22.5% | 23.7% | 24.0% | 23.1% |
| Net margin | 10.2% | 10.5% | 11.5% | 9.7% | 19.5% | 71.8% | 18.4% | 20.4% | 15.7% | 17.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.06B | $1.04B | $1.05B | $995.7M | $1.01B | $979.3M | $995.2M | $977.9M | $1.03B | $997.4M | $956.7M | $960.2M |
| Cost of revenue | $368.2M | $303.5M | $359.4M | $356.5M | $304.3M | $299.2M | $298.3M | $296.1M | $305.9M | $299.6M | $287.2M | $297.1M |
| Gross profit | $688.0M | $736.6M | $688.1M | $639.2M | $708.1M | $680.1M | $696.9M | $681.8M | $722.6M | $697.8M | $669.5M | $663.1M |
| Research & development | $102.0M | $98.7M | $83.0M | $93.3M | $96.4M | $97.2M | $94.9M | $85.3M | $92.2M | $91.9M | $82.2M | $88.7M |
| Sales, general & admin | $462.7M | $465.3M | $441.7M | $417.8M | $448.7M | $447.6M | $425.0M | $434.1M | $452.3M | $451.8M | $402.5M | $408.0M |
| Total operating expenses | $564.7M | $564.0M | $528.6M | $542.9M | $545.1M | $549.0M | $552.8M | $519.5M | $575.6M | $543.7M | $498.0M | $496.7M |
| Operating income | $123.3M | $172.7M | $159.6M | $96.3M | $163.0M | $131.1M | $144.1M | $162.3M | $147.0M | $154.1M | $171.5M | $166.3M |
| Interest income | $4.6M | $3.9M | $4.6M | $3.2M | $2.9M | $5.3M | $8.5M | $4.0M | $3.3M | $4.4M | $5.0M | $5.5M |
| Interest expense | — | — | — | $1.6M | — | — | — | $1.1M | $3.2M | $4.3M | $1.3M | $4.2M |
| Income before taxes | $148.7M | $148.9M | $176.6M | $94.7M | $173.5M | $140.4M | $140.8M | $165.9M | $143.9M | $158.4M | $172.9M | $162.1M |
| Income taxes | $40.4M | $36.1M | $40.8M | $38.0M | $48.9M | $47.2M | $37.0M | $50.0M | $47.3M | $53.4M | $48.9M | $40.7M |
| Net income | $108.3M | $112.8M | $135.8M | $56.8M | $124.6M | $93.2M | $103.8M | $116.0M | $96.6M | $105.0M | $124.0M | $121.4M |
| EBITDA | $90.5M | $205.4M | $278.6M | $211.8M | $214.1M | $174.4M | $215.2M | $200.2M | $214.3M | $191.3M | $218.6M | $199.1M |
| EPS (diluted) | $2.05 | $2.58 | $3.29 | $2.61 | $2.49 | $2.13 | $2.44 | $2.35 | $2.41 | $2.14 | $2.42 | $2.14 |
| Gross margin | 65.1% | 70.8% | 65.7% | 64.2% | 69.9% | 69.5% | 70.0% | 69.7% | 70.3% | 70.0% | 70.0% | 69.1% |
| Operating margin | 11.7% | 16.6% | 15.2% | 9.7% | 16.1% | 13.4% | 14.5% | 16.6% | 14.3% | 15.5% | 17.9% | 17.3% |
| Net margin | 10.3% | 10.8% | 13.0% | 5.7% | 12.3% | 9.5% | 10.4% | 11.9% | 9.4% | 10.5% | 13.0% | 12.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ALGN's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ALGN financial results
In fiscal year 2025 (ended December 31, 2025), Align reported revenue of $4.0 billion, up 0.9% from the year before. It had net income of $410.4 million (down 2.6%), a net profit margin of 10.2%. Diluted earnings per share came to $10.52. Over five years revenue grew at an average rate of 10.3% a year.
See the ALGN stock overview for the latest quote and news, or the ALGN chart for price history and technical indicators.
ALGN income statement FAQ
What is Align's annual revenue?
Align reported total revenue of $4.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 0.9% from $4.0 billion the previous year.
Is Align profitable?
Yes. Align reported net income of $410.4 million in fiscal 2025, a net profit margin of 10.2%; its operating margin was 15.3%.
What is Align's gross margin?
Align's gross margin was 68.3% in fiscal 2025: for every $100 of revenue, Align kept $68 after the direct cost of its products and services.
How much does Align spend on research and development?
Align spent $369.9 million on research and development in fiscal 2025, 9.2% of revenue.
How fast is Align growing?
Revenue grew 10.3% a year on average over the last five fiscal years, from $2.5 billion to $4.0 billion.
What are Align's earnings per share?
Align earned $10.52 per diluted share in fiscal 2025, compared with $9.34 a year earlier.
When will Align report its next earnings?
Align is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Align's fiscal year end?
Align's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.