Short answer
Align Technology (ALGN) filed its fiscal 2024 10-K annual report with the SEC on Feb 28, 2025. It reported revenue of $4.0B (+3.5% year over year) and net income of $421M.
- Top risk flagged: Foreign currency risk with exposure to Euro, British Pound, Chinese Yuan, Polish Zloty, Canadian Dollar; 10% rate change could materially impact results
FY2024 key financial metrics · XBRL
- Revenue
- $4.0B
- +3.5% YoY
- Net income
- $421M
- −5.3% YoY
- Operating margin
- 15.2%
- −1.5 pp YoY
- Gross margin
- 70.0%
- −0.1 pp YoY
- EPS (diluted)
- $5.62
- −3.3% YoY
- ROE
- 10.9%
- −1.3 pp YoY
- Operating cash flow
- $738M
- −6.1% YoY
Source: XBRL data from the Align Technology (ALGN) FY2024 10-K on SEC EDGAR. USD.
Align Technology FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: global medical device firm revolutionizing orthodontics and restorative dentistry via the integrated Align™ Digital Platform (Invisalign clear aligners, iTero scanners, exocad software)
- New product launches in 2024: iTero Lumina™ intraoral scanner, iTero Multi-Direct Capture™ technology, ClinCheck® Smile Video, Invisalign Palatal Expander System with FDA 510(k) clearance
- Strategic pivot towards 3D printing: acquired Cubicure GmbH January 2024 to scale direct 3D printing of custom appliances, aiming to print millions daily and pilot 3D printed retainers in H1 2025
- Quantitative highlight: Clear Aligner segment drives 81% of net revenues in 2024; over 19 million patients treated with Invisalign worldwide to date
- Noteworthy fact: Invisalign Palatal Expander System is the first direct 3D printed orthodontic device, commercially available across multiple major markets by 2024 end
Management Discussion & Analysis
- Revenue not explicitly stated; 2024 sales adversely impacted by macroeconomic conditions and strong U.S. dollar
- Best performing: increased Invisalign shipments to teenage and younger patients (record shipments in 2024)
- Risks: macroeconomic headwinds, military conflicts (Ukraine, Middle East), tariffs, foreign exchange volatility, evolving product preferences
Risk Factors
- Foreign currency risk with exposure to Euro, British Pound, Chinese Yuan, Polish Zloty, Canadian Dollar; 10% rate change could materially impact results
- Inflation risk from rising global costs may outpace price increases, potentially harming revenues and operating results
- Interest rate risk low; 10% rate change would not materially affect income or cash flow on cash balances through 12/31/24
Generated from the filing text; verify against the original. How to read a 10-K
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