ALIGN TECHNOLOGY INC

ALGN 10-Q · Q1 2026

ALGN Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 1,040,087 979,262 +6.2%
Show Business Segments breakouts
Clear Aligner · Operating Segments 856,024 796,843 +7.4%
Systems and Services · Operating Segments 184,063 182,419 +0.9%
Show Geography breakouts
CH 245,148 224,132 +9.4%
Other International 390,451 331,812 +17.7%
US 404,488 423,318 -4.4%
Cost of Revenue 303,500 299,154 +1.5%
Show Business Segments breakouts
Clear Aligner · Operating Segments 243,155 234,754 +3.6%
Systems and Services · Operating Segments 60,345 64,400 -6.3%
Gross Profit 736,587 680,108 +8.3%
Show Business Segments breakouts
Clear Aligner · Operating Segments 612,869 562,089 +9.0%
Systems and Services · Operating Segments 123,718 118,019 +4.8%
Selling, General & Administrative 465,342 447,629 +4.0%
Research & Development 98,658 97,201 +1.5%
Gain Loss Related To Litigation Settlement 30,632 4,178 +633.2%
Operating Expenses 594,632 549,008 +8.3%
Show Business Segments breakouts
Clear Aligner · Operating Segments 305,070 301,865 +1.1%
Systems and Services · Operating Segments 57,642 59,556 -3.2%
Show Consolidation Items breakouts
Corporate Non Segment 231,920 187,587 +23.6%
Operating Income 141,955 131,100 +8.3%
Show Business Segments breakouts
Clear Aligner · Operating Segments 307,799 260,224 +18.3%
Systems and Services · Operating Segments 66,076 58,463 +13.0%
Show Consolidation Items breakouts
Corporate Non Segment -231,920 -187,587 -23.6%
Operating Segments 373,875 318,687 +17.3%
Interest Income Other 3,911 5,316 -26.4%
Non-Operating Income (Expense) 3,020 4,026 -25.0%
Interest Income And Other Income Expense Net 6,931 9,342 -25.8%
Income Before Taxes 148,886 140,442 +6.0%
Income Tax Expense (Benefit) 36,115 47,212 -23.5%
Net Income 112,771 93,230 +21.0%
Show Equity Components breakouts
Retained Earnings 112,771 93,230 +21.0%
Show Change In Accounting Estimate By Type breakouts
Service Life · Specifically identified manufacturing assets -11.8
EPS (Basic) 1.58 1.27 +24.4%
Show Change In Accounting Estimate By Type breakouts
Service Life · Specifically identified manufacturing assets -0.17
EPS (Diluted) 1.57 1.27 +23.6%
Show Change In Accounting Estimate By Type breakouts
Service Life · Specifically identified manufacturing assets -0.16
Wtd Avg Shares (Basic) 71,425 73,562 -2.9%
Wtd Avg Shares (Diluted) 71,614 73,615 -2.7%
Comprehensive Income 107,476 105,429 +1.9%
Other Comprehensive Income -5,295 12,199 -143.4%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 1,059,834 873,012 +21.4%
Show Financial Instrument breakouts
Cash 860,883 757,327 +13.7%
Cash · Cash And Cash Equivalents 860,883 757,327 +13.7%
Certificates Of Deposit 15,612 15,077 +3.5%
Certificates Of Deposit · Cash And Cash Equivalents 15,612 15,077 +3.5%
Money Market Funds 183,339 100,608 +82.2%
Money Market Funds · Cash And Cash Equivalents 183,339 100,608 +82.2%
Show Balance Sheet Location breakouts
Cash And Cash Equivalents 1,059,834 873,012 +21.4%
Accounts Receivable 1,125,114 1,061,976 +5.9%
Inventory 214,944 246,567 -12.8%
Prepaid Expenses & Other Current Assets 215,706 220,474 -2.2%
Assets Of Disposal Group Including Discontinued Operation Current 39,832
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts
Juarez, Mexico manufacturing facility 27.9
Total Current Assets 2,655,430 2,402,029 +10.5%
Non-Current Assets
Property, Plant & Equipment 1,108,092 1,264,847 -12.4%
Operating Lease Right-of-Use Assets 110,223 113,179 -2.6%
Goodwill 503,041
Show Business Segments breakouts
Clear Aligner 162,640
Systems and Services 340,401
Deferred Tax Assets 1,471,425 1,523,479 -3.4%
Other Non-Current Assets 365,144 238,925 +52.8%
Total Assets 6,314,173 6,102,820 +3.5%
Intangible Assets 100,818 102,750 -1.9%
Other Assets
Intangible Assets Net Excluding Goodwill 100,818 102,750 -1.9%
Current Liabilities
Accounts Payable 123,720 125,382 -1.3%
Accrued Liabilities 546,879 546,173 +0.1%
Deferred Revenue 1,235,254 1,319,393 -6.4%
Total Current Liabilities 1,905,853 1,990,948 -4.3%
Non-Current Liabilities
Accrued Income Taxes Noncurrent 67,287 99,781 -32.6%
Operating Lease Liabilities 83,422 86,487 -3.5%
Other Non-Current Liabilities 108,192 131,361 -17.6%
Total Liabilities 2,164,754 2,308,577 -6.2%
Stockholders' Equity
Common Stock 7 7 0.0%
Additional Paid-In Capital 1,530,934 1,386,807 +10.4%
Accumulated Other Comprehensive Income 70,093 18,177 +285.6%
Retained Earnings 2,548,385 2,389,252 +6.7%
Total Stockholders' Equity 4,149,419 3,794,243 +9.4%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 70,093 18,177 +285.6%
Additional Paid In Capital 1,530,934 1,386,807 +10.4%
Common Stock 7 7 0.0%
Retained Earnings 2,548,385 2,389,252 +6.7%
Total Liabilities & Equity 6,314,173 6,102,820 +3.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Deferred Income Taxes 40,644 33,683 +20.7%
Depreciation & Amortization 56,548 39,148 +44.4%
Show Business Segments breakouts
Clear Aligner · Operating Segments 37,638 18,904 +99.1%
Systems and Services · Operating Segments 10,534 8,469 +24.4%
Show Consolidation Items breakouts
Corporate Non Segment 8,376 11,775 -28.9%
Stock-Based Compensation 40,924 44,997 -9.1%
Show Business Segments breakouts
Clear Aligner · Operating Segments 5,949 5,818 +2.3%
Systems and Services · Operating Segments 377 403 -6.5%
Show Consolidation Items breakouts
Corporate Non Segment 34,598 38,776 -10.8%
Operating Lease Right Of Use Asset Amortization Expense 10,062 9,457 +6.4%
Impairment Of Long Lived Assets To Be Disposed Of -11,699
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts
Juarez, Mexico manufacturing facility -11.7 23.1 -150.6%
Equity Fair Value Adjustment -7,724
Other Non-Cash Items 7,309 2,950 +147.8%
Change in Accounts Receivable -40,989 -65,302 +37.2%
Change in Inventory 9,349 7,396 +26.4%
Change in Prepaid & Other Assets -44,492 -21,970 -102.5%
Change in Accounts Payable 4,929 8,575 -42.5%
Increase Decrease In Accrued Liabilities And Other Operating Liabilities 5,376 -67,877 +107.9%
Increase Decrease In Accrued Income Taxes Payable -913 3,316 -127.5%
Increase Decrease In Deferred Revenue -31,053 -34,927 +11.1%
Net Cash from Operations 151,042 52,676 +186.7%
Investing Activities
Payments To Acquire Businesses Net Of Cash Acquired -18,963
Capital Expenditures -30,785 -25,289 -21.7%
Payments To Acquire Notes Receivable -31,342
Payments To Acquire Equity Method Investments -50,491
Net Cash from Investing -131,581 -25,289 -420.3%
Financing Activities
Proceeds From Issuance Of Common Stock 11,718 13,909 -15.8%
Share Repurchases -31,195 -201,088 +84.5%
Show Share Repurchase Program breakouts
April 2025 Repurchase Program -200
Tax Withholding for Share Compensation -28,651 -19,577 -46.4%
Net Cash from Financing -48,128 -206,756 +76.7%
Supplemental
Unpaid Capital Expenditures 14,444 13,851 +4.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -6,387 8,480 -175.3%
Net Change in Cash -35,054 -170,889 +79.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,061,132 874,074 +21.4%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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