Align Technology (ALGN) 10-K Summary — Year Ended Dec 31, 2024
Align Technology's annual report shows a slight increase in revenue compared to the prior year, with positive operating income and net income. The company maintains strong liquidity through cash holdings and a credit facility.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Align Technology's annual report shows a slight increase in revenue compared to the prior year, with positive operating income and net income. The company maintains strong liquidity through cash holdings and a credit facility.
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
$607.6M
Income from operations reported for the year.
Net income
$421.4M
Net income reported for the year.
Operating cash flow
$738.2M
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, 2021 | $4B | n/a |
| Dec 31, 2022 | $3.7B | -5.5% |
| Dec 31, 2023 | $3.9B | +3.4% |
| Dec 31, 2024 | $4B | +3.5% |
Business overview
The filing indicates that the company manufactures and sells products, supported by significant purchase commitments for inventory, marketing, and research and development services. Its business overview is detailed in Item 1 of the filing.
Financial performance
Revenue grew compared to the prior year, while operating income and net income remained positive. Operating cash flow was robust, supporting the company's investments.
Material risks
The filing includes a risk factors section in Item 1A, but the provided text does not elaborate on specific risks. Readers should consult the full filing for details.
Liquidity and capital
The company holds substantial cash and equivalents, along with a revolving credit facility, and expects these resources to fund operations for at least the next year.
What to watch
Monitor the trend in revenue growth and the company's ability to sustain operating cash flow.