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Companies / Health Care / Align Technology
ALGN

Align Technology

Health CareMedical InstrumentsS&P 500
Ticker ALGNTEMPE, AZFiscal year ends DecemberBook value per share $59.09Diluted shares 71.6M

Align Technology, Inc. (Nasdaq: ALGN) designs, manufactures and markets Invisalign clear aligners for orthodontic treatment, Vivera retainers, iTero intraoral scanners and related services, and exocad dental CAD/CAM software. Its customers include orthodontists, general and specialist dental practitioners, dental… From the company’s description.

In fiscal 2025, Align Technology reported revenue of $4.03B, up 0.9% from fiscal 2024, and net income of $410.35M. Its operating margin was 13.5%, and operations generated $593.22M in cash. Over the twelve months to Jun 30, 2026, revenue was $4.14B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.03BFY2025
+0.9% year over year
Last 12 mo $4.14B
13.53%FY2025
−1.7 percentage points
Last 12 mo 13.23%
$410.35MFY2025
−2.6% year over year
Last 12 mo $413.58M
10.75%FY2025
−0.8 percentage points
Last 12 mo 9.77%
Cash & financing
$593.22MFY2025
−19.6% year over year
Last 12 mo $755.70M
$490.78MFY2025
−21.2% year over year
Last 12 mo $633.57M
—
72.6MFY2025
−3.2% year over year
Last 12 mo 71.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Align Technology does

In the company’s own words

Align Technology, Inc. (Nasdaq: ALGN) designs, manufactures and markets Invisalign clear aligners for orthodontic treatment, Vivera retainers, iTero intraoral scanners and related services, and exocad dental CAD/CAM software. Its customers include orthodontists, general and specialist dental practitioners, dental laboratories, dental support organizations and, through selected retail and online channels, consumers purchasing complementary accessories. Align operates two reportable segments: Clear Aligner, which generated approximately 80% of worldwide net revenue in 2025, and Imaging Systems and CAD/CAM Services, which contributed the remaining 20%. Its products support digital workflows spanning patient scanning, diagnosis, treatment planning, orthodontic care and retention, as well as restorative dentistry and laboratory design. Major brands and platforms include Invisalign, iTero, exocad and the Align Digital Platform; in 2024, the company acquired Cubicure, a developer of direct 3D-printing technologies. Align reported net revenue of approximately $4.0 billion for fiscal 2025 and sold directly or through authorized distributors in more than 100 countries at year-end. Its website is www.aligntech.com.

Company details
Sector
Health Care
Industry (SIC)
Medical Instruments
Headquarters
TEMPE, AZ
Fiscal year end
December
CIK
1097149
SIC
3842

Financial performance, year by year

Fiscal 2013–2025 · USD
$-413.95M$827.91M$2.07B$3.31B$4.55B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Align Technology — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

567
funds hold it
1 of 35
superinvestors hold it
$5.23B
held by funds, at market
43.1%
of shares held by funds

Superinvestors in Align Technology · what they did last quarter

Ruane CunniffDECREASED -2.9%
Ruane, Cunniff & Goldfarb (Sequoia)
3.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Align Technology’s weight in each

0.22%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
0.19%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.14%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Align Technology and its peers compare on margins and cash generation over ten years?”
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