ALGN on Nasdaq

Align Technology

Logo: Align Technology, Public domain, via Wikimedia Commons4

American company that produces orthodontics devices

Align Technology, Inc. is an American manufacturer of 3D digital scanners and Invisalign clear aligners used in orthodontics and restorative workflow.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1997Founded1

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  • TickerALGN on Nasdaq1
  • IndustryOrthopedic, Prosthetic & Surgical Appliances & Supplies1
  • HeadquartersSan Jose1
  • Websitewww.aligntech.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address410 North Scottsdale Road, Suite 1300, Tempe, Az 852885
  • Filer categoryLarge accelerated filer5

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Align Technology, Inc. is an American manufacturer of 3D digital scanners and Invisalign clear aligners used in orthodontics and restorative workflow. It was founded in 1997 and is headquartered in Tempe, Arizona. The company manufactures the aligners in Juarez, Mexico, and its scanners in Israel and China. The company is best known for its Invisalign system, which is a clear aligner treatment used to straighten teeth.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

67.2%Gross margin7
13.5%Operating margin7
10.2%Net margin7
0.9%Revenue growth, 20257
10.1%Return on equity7
$490.8MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Clear Aligner brought in 80% of the revenue Align Technology broke down this way in fiscal 2025.

  1. Clear Aligner$3.2B780%up 0% from 2024
  2. Systems And Services$789.6M720%up 3% from 2024
Business segments by year
Business segments202320242025
Clear Aligner$3.2B$3.2B$3.2B
Systems And Services$662.9M$768.9M$789.6M

Regions

United States brought in 41% of the revenue Align Technology broke down this way in fiscal 2025.

  1. United States$1.7B741%down 2% from 2024
  2. Other International$1.5B736%up 10% from 2024
  3. Switzerland$920.6M723%down 6% from 2024
Regions by year
Regions202320242025
United States$1.7B$1.7B$1.7B
Other International$1.0B$1.3B$1.5B
Switzerland$1.2B$983.6M$920.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue33¢$1.3B
  • Research and development9¢$369.9M
  • Selling, general and admin44¢$1.8B
  • Income tax4¢$174.9M
  • Profit10¢$410.4M

Out of $4.0B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending17¢$102.4M
  • Share buybacks79¢$465.9M
  • Kept or used elsewhere4¢$24.8M

Out of $593.2M of cash from operations.7

Financial statements

Revenue8910117$4.0B in 2025+68% since 2019
0$2.0B$4.0B$6.0B2019: $2.4B$2.4B20192020: $2.5B$2.5B2020+3%2021: $4.0B$4.0B2021+60%2022: $3.7B$3.7B2022−6%2023: $3.9B$3.9B2023+3%2024: $4.0B$4.0B2024+4%2025: $4.0B$4.0B2025+1%
Gross profit8910117$2.7B in 2025+55% since 2019
0$1.0B$2.0B$3.0B2019: $1.7B$1.7B20192020: $1.8B$1.8B2020+1%2021: $2.9B$2.9B2021+66%2022: $2.6B$2.6B2022−10%2023: $2.7B$2.7B2023+3%2024: $2.8B$2.8B2024+3%2025: $2.7B$2.7B2025−3%
Operating income8910117$545.8M in 2025+1% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $542.5M$542.5M20192020: $387.2M$387.2M2020−29%2021: $976.4M$976.4M2021+152%2022: $642.6M$642.6M2022−34%2023: $643.3M$643.3M2023+0%2024: $607.6M$607.6M2024−6%2025: $545.8M$545.8M2025−10%
Net income8910117$410.4M in 2025−7% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $442.8M$442.8M20192020: $1.8B$1.8B2020+301%2021: $772.0M$772.0M2021−57%2022: $361.6M$361.6M2022−53%2023: $445.1M$445.1M2023+23%2024: $421.4M$421.4M2024−5%2025: $410.4M$410.4M2025−3%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Net revenues$4.0B$4.0B$3.9B
Cost of net revenues$1.3B$1.2B$1.2B
Gross profit$2.7B$2.8B$2.7B
Selling, general and administrative$1.8B$1.8B$1.7B
Research and development$369.9M$364.2M$346.8M
Restructuring and other charges$35.4M$33.2M$13.3M
Legal settlement loss$4.2M$31.0M$0
Total operating expenses$2.2B$2.2B$2.1B
Income from operations$545.8M$607.6M$643.3M
Interest income$16.0M$20.2M$17.3M
Other income (expense), net$23.5M-$18.9M-$19.4M
Total interest income and other income (expense), net$39.5M$1.3M-$2.1M
Net income before provision for income taxes$585.3M$609.0M$641.2M
Income Tax expense$174.9M$187.6M$196.2M
Net income$410.4M$421.4M$445.1M
Net income per share, basic (usd per share)$5.66$5.63$5.82
Diluted (usd per share)$5.65$5.62$5.81
Basic (shares)72.5M shares74.9M shares76.4M shares
Diluted (shares)72.6M shares75.0M shares76.6M shares

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The story

Align Technology was founded in 1997 by Zia Chishti and Kelsey Wirth, classmates at Stanford Graduate School of Business, and began working on the development of a clear aligner. Align received FDA clearance to market the Invisalign system in 1998, and it was first marketed in 2000. Align Technology went public on January 26, 2001, on the Nasdaq Stock Market.

In March 2011 Align acquired the Israeli company Cadent for $190 million; Cadent manufactured intraoral scanners that included 3D imaging, as well as software to display the acquired images and to plan treatment.

Joseph M. Hogan joined Align in June 2015, and is CEO and president.

The company's sales reached $1 billion for the first time in 2016 and its products were being used in about 8% of people who got braces. In 2017 the company was faced with the challenge of the expiration of its patents on its Invisalign system starting in October 2017 and the beginning of generic competition.

In March 2020, Align Technology announced that it has signed a definitive agreement to acquire exocad Global Holdings for approximately $418.7 million.

As of February 2023, Align Technology has assisted over 234,000 doctors and over 14.5 million patients worldwide.

In September 2023, it was announced Align Technology had acquired the Vienna-headquartered 3D printing technology and materials company, Cubicure GmbH.

From Wikipedia’s article on Align Technology, shared under CC BY-SA 4.0.6

Leadership

Who has led Align Technology, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph M. Hogan2015–now
200020052010201520202025
Board members and other officers (10)

Products and brands

  • clear aligner

Listed on Wikidata.1

Timeline

  1. Jun 1, 2015New chief executive Joseph M. Hogan becomes CEO1
  2. 1997Founded Founded1

Recent filings

  1. Aug 31, 20268-K
  2. Aug 31, 20263
  3. Aug 31, 20264
  4. Aug 12, 2026SCHEDULE 13G/A
  5. Aug 12, 2026SCHEDULE 13G/A
  6. Aug 6, 2026SCHEDULE 13G
  7. Aug 5, 202610-Q
  8. Jul 29, 20268-K
  9. Jul 29, 20268-K
  10. Jul 9, 20268-K
  11. Jun 22, 20268-K
  12. May 29, 2026SD
  13. May 22, 20264
  14. May 22, 20264
  15. May 22, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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