ALGN FY 2024 Earnings Report — Align Technology, Inc. Revenue & Financial Results | Market Cap Arena

Align Technology, Inc.ALGN

FY 2024 Earnings

Reported February 28, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$4.0B	—	$3.9B	—	3.5%
Op. Income	$608M	—	$643M	—	-5.6%
Gross Margin	70.0%	—	70.1%	—	-0.1pp
Net Margin	10.5%	—	11.5%	—	-1.0pp
EPS (Diluted)	$5.62	—	$5.81	—	-3.3%
Free Cash Flow	$623M	—	$608M	—	2.4%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.2B
GROSS PROFIT	$2.8B
R&D Expenses	$364M
Selling & Marketing	$185M
General & Administrative	$1.6B
SG&A Expenses	$1.8B
Other Expenses	$64M
Operating Expenses	$2.2B
Cost & Expenses	$3.4B
OPERATING INCOME	$608M
Interest Income	$20M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$609M
Income Tax Expense	$188M
Net Income from Continuing Ops	$421M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$421M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$421M
D&A	$145M
EBIT	$672M
EBITDA	$817M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$1.2B
GROSS PROFIT	$2.8B
R&D Expenses	$364M
Selling & Marketing	$185M
General & Administrative	$1.6B
SG&A Expenses	$1.8B
Other Expenses	$64M
Operating Expenses	$2.2B
Cost & Expenses	$3.4B
OPERATING INCOME	$608M
Interest Income	$20M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$609M
Income Tax Expense	$188M
Net Income from Continuing Ops	$421M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$421M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$421M
D&A	$145M
EBIT	$672M
EBITDA	$817M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$421M
Depreciation & Amortization	$145M
Stock-Based Compensation	$174M
Deferred Income Tax	$26M
Other Non-Cash Items	$45M
Change in Working Capital	-$72M
OPERATING CASH FLOW	$738M
Capital Expenditure	-$116M
Acquisitions (Net)	-$183M
Purchases of Investments	$0
Sales/Maturities of Investments	$44M
Other Investing Activities	$235.0K
NET CASH FROM INVESTING	-$255M
Net Debt Issuance	$0
Common Stock Repurchased	-$353M
Common Dividends Paid	$0
Other Financing Activities	-$28M
NET CASH FROM FINANCING	-$356M
FREE CASH FLOW	$623M
Net Change in Cash	$106M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$254M
Other Current Assets	$82M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$1.4B
Goodwill	$443M
Intangible Assets	$103M
Long-Term Investments	$0
Tax Assets	$1.6B
Other Non-Current Assets	$234M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$6.2B
Account Payables	$109M
Short-Term Debt	$0
Deferred Revenue	$1.3B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$236M
TOTAL NON-CURRENT LIABILITIES	$325M
TOTAL LIABILITIES	$2.4B
Common Stock	$7.0K
Additional Paid-In Capital	$1.4B
Retained Earnings	$2.5B
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.9B
Minority Interest	$0
TOTAL EQUITY	$3.9B
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$119M
Net Debt	-$925M