Align Technology Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $4.03B | $4.00B | $3.86B | $3.73B | $3.95B | $2.47B | $2.41B |
| Clear Aligner | — | $3.25B | $3.23B | $3.20B | $3.07B | $3.25B | $2.10B | $2.03B |
| Systems and Services | — | $789.6M | $768.9M | $662.9M | $662.1M | $705.5M | $370.5M | $381.0M |
| Cost of Revenue | — | $1.32B | $1.20B | $1.16B | $1.10B | $1.02B | $708.7M | $662.9M |
| Gross Profit | — | $2.71B | $2.80B | $2.71B | $2.63B | $2.94B | $1.76B | $1.74B |
| Gross Margin | — | 67.2% | 70.0% | 70.1% | 70.5% | 74.3% | 71.3% | 72.5% |
| Operating Expenses | ||||||||
| Research & Development | — | $369.9M | $364.2M | $346.8M | $305.3M | $250.3M | $175.3M | $157.4M |
| SG&A Expense | — | $1.76B | $1.76B | $1.70B | $1.67B | $1.71B | $1.20B | $1.07B |
| Operating Income | — | $545.8M | $607.6M | $643.3M | $642.6M | $976.4M | $387.2M | $542.5M |
| Operating Margin | — | 13.5% | 15.2% | 16.7% | 17.2% | 24.7% | 15.7% | 22.5% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | $585.3M | $609.0M | $641.2M | $599.1M | $1.01B | $378.9M | $562.7M |
| Income Tax Expense | — | $174.9M | $187.6M | $196.2M | $237.5M | $240.4M | $-1.40B | $112.3M |
| Net Income | — | $410.4M | $421.4M | $445.1M | $361.6M | $772.0M | $1.78B | $442.8M |
| Net Margin | — | 10.2% | 10.5% | 11.5% | 9.7% | 19.5% | 71.8% | 18.4% |
| EPS (Basic) | — | $5.66 | $5.63 | $5.82 | $4.62 | $9.78 | $22.55 | $5.57 |
| EPS (Diluted) | — | $5.65 | $5.62 | $5.81 | $4.61 | $9.69 | $22.41 | $5.53 |
| Shares Outstanding (Basic) | 71.3M | 72.5M | 74.9M | 76.4M | 78.2M | 78.9M | 78.8M | 79.4M |
| Shares Outstanding (Diluted) | 71.3M | 72.6M | 75.0M | 76.6M | 78.4M | 79.7M | 79.2M | 80.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |