15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $4.0B | $410M | 67.2% | 13.5% | $491M | — | $1.1B |
| 2024 | $4.0B | $421M | 70.0% | 15.2% | $623M | — | $1.0B |
| 2023 | $3.9B | $445M | 70.1% | 16.7% | $608M | — | $937M |
| 2022 | $3.7B | $362M | 70.5% | 17.2% | $277M | — | $942M |
| 2021 | $4.0B | $772M | 74.3% | 24.7% | $771M | — | $1.1B |
| 2020 | $2.5B | $1.8B | 71.3% | 15.7% | $507M | — | $961M |
| 2019 | $2.4B | $443M | 72.5% | 22.5% | $598M | — | $550M |
| 2018 | $2.0B | $400M | 73.6% | 23.7% | $331M | — | $637M |
| 2017 | $1.5B | $231M | 75.8% | 24.0% | $243M | — | $450M |
| 2016 | $1.1B | $190M | 75.5% | 23.1% | $177M | — | $389M |
| 2015 | — | $144M | — | — | $185M | — | $168M |
| 2014 | — | $146M | — | — | $203M | — | $200M |
| 2013 | — | $64M | — | — | $167M | — | $243M |
| 2012 | — | $59M | — | — | $95M | — | $306M |
| 2011 | — | $67M | — | — | $100M | — | $306M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $1.0B | $113M | 70.8% | 13.6% | $120M | — | $1.1B |
| Dec '25 | $1.0B | $136M | 65.3% | 14.8% | $187M | — | $1.1B |
| Sep '25 | $996M | $57M | 64.2% | 9.7% | $169M | — | $1.0B |
| Jun '25 | $1.0B | $125M | 69.9% | 16.1% | $107M | — | $901M |
| Mar '25 | $979M | $93M | 69.5% | 13.4% | $27M | — | $873M |
| Dec '24 | $995M | $104M | 70.0% | 14.5% | $263M | — | $1.0B |
| Sep '24 | $978M | $116M | 69.7% | 16.6% | $234M | — | $1.0B |
| Jun '24 | $1.0B | $97M | 70.3% | 14.3% | $106M | — | $761M |
| Mar '24 | $997M | $105M | 70.0% | 15.5% | $19M | — | $866M |
| Dec '23 | $957M | $124M | 70.0% | 17.9% | $13M | — | $937M |
| Sep '23 | $960M | $121M | 69.1% | 17.3% | $266M | — | $1.2B |
| Jun '23 | $1.0B | $112M | 71.2% | 17.2% | $193M | — | $952M |
| Mar '23 | $943M | $88M | 70.0% | 14.2% | $136M | — | $832M |
| Dec '22 | $902M | $42M | 68.5% | 12.5% | $92M | — | $942M |
| Sep '22 | $890M | $73M | 69.5% | 16.1% | $191M | — | $1.0B |
| Jun '22 | $970M | $113M | 70.9% | 19.4% | $51M | — | $878M |
| Mar '22 | $973M | $134M | 72.9% | 20.4% | -$57M | — | $926M |
| Dec '21 | $1.0B | $191M | 72.2% | 21.4% | $164M | — | $1.1B |
| Sep '21 | $1.0B | $181M | 74.3% | 25.7% | $231M | — | $1.2B |
| Jun '21 | $1.0B | $200M | 75.0% | 26.6% | $193M | — | $1.1B |
How the market has priced ALGN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Align Technology's revenue has grown 10.3% per year, and net income declined 25.4% per year. These are computed facts, not advice.
As of FY2025, Align Technology reported — of total debt against $1.1B of cash.
In FY2025, gross margin was 67.2%, operating margin 13.5%, and net margin 10.2%.
As of Jun '26, Align Technology traded at a price-to-earnings ratio of about 30.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.