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ALIGN TECHNOLOGY, INC. FY 2025 10-K, explained in plain English

ALGN · 10-K for the period ending December 31, 2025, filed February 27, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$4.0B
Gross margin67.2%
Operating income$545.8M
Net income$410.4M
Diluted EPS$5.65
Cash & equivalents$1.1B
Total assets$6.2B
Long-term debt— not reported

Key takeaway

Align Technology reported full-year 2025 revenue of about $4.03 billion with a 67.2% gross margin, driven mainly by Invisalign System and iTero scanner sales.

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Beneath the surface

The company recorded a $23.1 million impairment of long-lived assets and a $4.2 million litigation settlement loss, both one-off items that modestly dented reported operating income without appearing in headline figures.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for ALGN.

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