Align Technology (ALGN) 10-K Summaries & Annual Filing History
Review Align Technology, Inc. (ALGN) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Align Technology reported a modest revenue increase for the latest fiscal year, with operating income and net income reflecting ongoing profitability. The company maintains a strong cash position and relies on operating cash flow to fund its business.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4B
Revenue reported for the fiscal year.
Operating income
$545.8M
Income from operations reported for the year.
Net income
$410.4M
Net income reported for the year.
Operating cash flow
$593.2M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $3.7B | -5.5% |
| Dec 31, 2023 | $3.9B | +3.4% |
| Dec 31, 2024 | $4B | +3.5% |
| Dec 31, 2025 | $4B | +0.9% |
Business overview
Align Technology designs and manufactures clear aligners and intraoral scanners. The company operates globally, with a significant portion of its cash held by foreign subsidiaries.
Financial performance
Revenue for the fiscal year was approximately four billion dollars, showing a slight increase compared to the prior year. Operating income was about five hundred forty-six million dollars, and net income was about four hundred ten million dollars. Operating cash flow was roughly five hundred ninety-three million dollars.
Material risks
The filing identifies risk factors in Item 1A, though specific details are not provided in the supplied context. The company's reliance on foreign subsidiaries for a large portion of cash exposes it to potential repatriation constraints. Purchase commitments totaling over one billion dollars represent a material cash requirement.
Liquidity and capital
The company's principal liquidity source is operating cash flow, supplemented by a three-hundred-million-dollar revolving credit facility. Management believes current cash and borrowing capacity are sufficient to fund operations for at least the next twelve months.
What to watch
Monitor the company's ability to repatriate foreign earnings and the impact on its cash position.