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Align Technology

ALGN

Align Technology is a leading global medical device company that designs, manufactures, and markets the Invisalign system, iTero intraoral scanners, and exocad CAD/CAM software.

Market cap
$12.58B-14.8%
Revenue$4.1B+2.9%
Net income$429.9M+5.0%
Free cash flow$583.6M-7.5%
EPS (diluted)$5.95+8.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q1 2026

Income statement

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Revenue$1.0B+6.2%
Gross profit$736.6M+8.3%
Operating income$142.0M+8.3%
Net income$112.8M+21.0%
EPS (diluted)$1.57+23.6%

Balance sheet

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Cash & equivalents$1.1B+21.4%
Total debt$116.0M-2.1%
Total equity$4.1B+9.4%
Total assets$6.3B+3.5%

Cash flow

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Operating cash flow$151.0M+187%
CapEx$30.8M+21.7%
Free cash flow$120.3M+339%

Valuation & ratios

Valuation

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Market cap$12.58B-14.8%
Enterprise value$11.63B-17.7%
P/E29.3×-4.8×
P/S3.1×-0.7×

Profitability

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Gross margin67.6%-2.3pp
Operating margin13.6%-1.1pp
Net margin10.5%+0.2pp
FCF margin14.3%-1.6pp

Returns & leverage

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Return on equity10.8%0.0pp
Debt / equity0.0×
Current ratio1.4×+0.2×

Segments

By segment

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Clear Aligner$856.0M+7.4%
Systems and Services$184.1M+0.9%

Competitors

Profile

Align Technology is a leading global medical device company that designs, manufactures, and markets the Invisalign system, iTero intraoral scanners, and exocad CAD/CAM software. The company provides a comprehensive digital platform for orthodontics and restorative dentistry, enabling dental professionals to deliver end-to-end digital treatment planning and implementation. Its core value proposition lies in replacing traditional wires and brackets with proprietary clear aligner technology and integrated digital workflows.

Competitive position

Align Technology is the global leader in the clear aligner market with a significant first-mover advantage and a massive proprietary dataset from millions of treated cases.

GeographiesNorth America, Europe, Middle East, Africa, Asia Pacific, Latin America
Customer segmentsDental Practices, Orthodontic Clinics, Dental Laboratories, Dental Support Organizations
Business modelManufacturing, Direct-to-Professional Sales, Subscription, Software Licensing
SuppliersSpecialized scanning equipment manufacturers, Rapid prototyping machine suppliers, Medical-grade resin and polymer suppliers, Optics and electronic component manufacturers
CustomersOrthodontists, General Practitioners, Dental Support Organizations, Dental Laboratories, Retail consumers (for accessory products)
Listed2001
Employees21.7K
CEOJoseph Hogan
FilingsSEC EDGAR

Questions, answered.

What is Align Technology's market cap?
Align Technology (ALGN) has a market capitalization of $12.6B and trades on NASDAQ.
What is Align Technology's revenue and profitability?
Align Technology generated $4.1B in trailing twelve-month revenue with net income of $429.9M, representing a net margin of 10.5%. Gross margin stands at 67.6%, with free cash flow of $583.6M. These figures are based on the Q1 2026 filing.
Who are Align Technology's competitors?
Align Technology's key competitors include Envista, Dentsply Sirona, 3M, and others. These companies compete in similar markets and product categories.
Who does Align Technology partner with?
Align Technology's notable partners include Operation Smile, America’s ToothFairy, INCAE Business School.
What subsidiaries does Align Technology have?
Align Technology's subsidiaries include exocad, Cubicure GmbH.
Where is Align Technology headquartered?
Align Technology is headquartered in United States of America and employs approximately 21,670 people. It has been publicly traded since 2001.