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Align Technology (ALGN)
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Align Technology Balance Sheet 2025-2007 | ALGN
Brief overview of Align Technology's balance sheet strength
The review uses the five latest available annual reports between 2021 and 2025.
Assets changed little, standing at $5.9 billion initially and $6.2 billion at the end. The balance sheet stayed close to its former scale.
Growth in the asset base was not matched by liabilities: +4.9% versus -5.8%. The balance sheet moved in a more conservative direction.
Equity accounts for 65% of assets. Against the initial 61%, the capital position looks resilient.
The period ended with net cash: net debt stood at -$980.5 million. This supports financial flexibility.
Cash equals 17.6% of the balance sheet, compared with 18.5% five periods ago. This is the readily available cushion.
Accumulated earnings ended at $2.5 billion, a change of -5.9%. They remain an important part of the capital base.
Balance sheet takeaway
Align Technology has a solid balance sheet cushion. Capital and liquidity support development without excessive reliance on debt.
Annual Balance Sheet Align Technology
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-980 M | -925 M | -811 M | -815 M | -975 M | - | -491 M | -637 M | -450 M | -389 M | -168 M | -200 M | -243 M | -306 M | -241 M | - | - | - | - |
Long Term Debt |
82.5 M | 88.2 M | 97 M | 100 M | 103 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long Term Debt Current |
31.9 M | 31.1 M | 29.7 M | 26.6 M | 22.7 M | 21.7 M | 15.7 M | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 184 M | 107 M | 130 M | 46.4 M | 39 M | 33.4 M | 22.8 M | 19.2 M | 10.4 M | - | - | - | - |
Total Current Liabilities |
1.92 B | 2.04 B | 2.07 B | 1.93 B | 1.92 B | 1.33 B | 971 M | 692 M | 498 M | 354 M | 272 M | 202 M | 175 M | 156 M | 148 M | 93 M | 81.2 M | - | - |
Total Liabilities |
2.18 B | 2.36 B | 2.45 B | 2.35 B | 2.32 B | 1.6 B | 1.15 B | 800 M | 627 M | 401 M | 311 M | 235 M | 198 M | 175 M | 158 M | 99.2 M | 82.2 M | - | - |
Deferred Revenue |
1.26 B | 1.33 B | 1.43 B | 1.34 B | 1.15 B | 778 M | 564 M | 406 M | 267 M | 191 M | 130 M | 90.7 M | 77.3 M | 62 M | 52.3 M | 33.8 M | 32.3 M | - | - |
Retained Earnings |
2.46 B | 2.48 B | 2.45 B | 2.57 B | 2.62 B | 2.22 B | 440 M | 378 M | 263 M | 131 M | 27.4 M | -30.5 M | -95.9 M | -89.6 M | -117 M | -178 M | -252 M | - | - |
Total Assets |
6.23 B | 6.21 B | 6.08 B | 5.95 B | 5.94 B | 4.83 B | 2.5 B | 2.05 B | 1.78 B | 1.4 B | 1.16 B | 988 M | 832 M | 756 M | 649 M | 477 M | 355 M | - | - |
Cash and Cash Equivalents |
1.09 B | 1.04 B | 937 M | 942 M | 1.1 B | 961 M | 550 M | 637 M | 450 M | 389 M | 168 M | 200 M | 243 M | 306 M | 241 M | 295 M | 166 M | 87.1 M | 89.1 M |
Book Value |
4.05 B | 3.85 B | 3.63 B | 3.6 B | 3.62 B | 3.23 B | 1.35 B | 1.25 B | 1.15 B | 995 M | 848 M | 753 M | 634 M | 581 M | 491 M | 378 M | 273 M | - | - |
Total Shareholders Equity |
4.05 B | 3.85 B | 3.63 B | 3.6 B | 3.62 B | 3.23 B | 1.35 B | 1.25 B | 1.15 B | 999 M | 848 M | 753 M | 634 M | 581 M | 491 M | 378 M | 378 M | 219 M | 161 M |
All numbers in USD currency
Quarterly Balance Sheet Align Technology
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
86.6 M | 83.4 M | 87.3 M | 90.5 M | 86.5 M | 88.2 M | 96.4 M | 98.3 M | 95.1 M | 97 M | 98.5 M | 105 M | 99 M | 100 M | 96.7 M | - | 105 M | 103 M | 74.4 M | 74.2 M | 63.8 M | 64.4 M | 64.4 M | 64.4 M | 64.4 M | 43.5 M | 43.5 M | 43.5 M | 43.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
2.19 B | 2.16 B | 2.28 B | 2.31 B | 2.31 B | 2.36 B | 2.42 B | 2.4 B | 2.4 B | 2.45 B | 2.52 B | 2.51 B | 2.42 B | 2.35 B | 2.22 B | - | 2.28 B | 2.32 B | 2.13 B | 2.01 B | 1.68 B | 1.6 B | 1.6 B | 1.6 B | 1.6 B | 1.15 B | 1.15 B | 1.15 B | 1.15 B | 800 M | 800 M | 800 M | 800 M | 630 M | 630 M | 630 M | 630 M | 401 M | 401 M | 401 M | 401 M | 311 M | 311 M | 311 M | 311 M | 235 M | 235 M | 235 M | 235 M | 198 M | 198 M | 198 M | 198 M | 175 M | 175 M | 175 M | 175 M | 158 M | 158 M | 158 M | 158 M | 85.8 M | 74.7 M |
Deferred Revenue |
1.19 B | 1.24 B | 1.29 B | 1.32 B | 1.32 B | 1.33 B | 1.38 B | 1.38 B | 1.41 B | 1.43 B | 1.41 B | 1.4 B | 1.38 B | 1.34 B | 1.29 B | - | 1.21 B | 1.15 B | 1.07 B | 976 M | 863 M | 778 M | 778 M | 778 M | 778 M | 564 M | 564 M | 564 M | 564 M | 393 M | 393 M | 393 M | 393 M | 268 M | 268 M | 268 M | 268 M | 191 M | 191 M | 191 M | 191 M | 130 M | 130 M | 130 M | 130 M | 90.7 M | 90.7 M | 90.7 M | 90.7 M | 77.3 M | 77.3 M | 77.3 M | 77.3 M | 62 M | 62 M | 62 M | 62 M | 52.3 M | 52.3 M | 52.3 M | 52.3 M | 30.1 M | 27 M |
Retained Earnings |
2.6 B | 2.55 B | 2.42 B | 2.43 B | 2.39 B | 2.48 B | 2.57 B | 2.46 B | 2.5 B | 2.45 B | 2.61 B | 2.49 B | 2.37 B | 2.57 B | 2.67 B | - | 2.68 B | 2.62 B | 2.53 B | 2.46 B | 2.42 B | 2.22 B | 2.22 B | 2.22 B | 2.22 B | 440 M | 440 M | 440 M | 440 M | 378 M | 378 M | 378 M | 378 M | 267 M | 267 M | 267 M | 267 M | 131 M | 131 M | 131 M | 131 M | 27.4 M | 27.4 M | 27.4 M | 27.4 M | -30.5 M | -30.5 M | -30.5 M | -30.5 M | -95.9 M | -95.9 M | -95.9 M | -95.9 M | -89.6 M | -89.6 M | -89.6 M | -89.6 M | -117 M | -117 M | -117 M | -117 M | -188 M | -205 M |
Total Assets |
6.42 B | 6.31 B | 6.23 B | 6.22 B | 6.1 B | 6.21 B | 6.37 B | 6.16 B | 6.16 B | 6.08 B | 6.32 B | 6.14 B | 5.9 B | 5.95 B | 5.91 B | - | 5.94 B | 5.94 B | 5.65 B | 5.4 B | 5.07 B | 4.83 B | 4.83 B | 4.83 B | 4.83 B | 2.5 B | 2.5 B | 2.5 B | 2.5 B | 2.05 B | 2.05 B | 2.05 B | 2.05 B | 1.78 B | 1.78 B | 1.78 B | 1.78 B | 1.4 B | 1.4 B | 1.4 B | 1.4 B | 1.16 B | 1.16 B | 1.16 B | 1.16 B | 988 M | 988 M | 988 M | 988 M | 832 M | 832 M | 832 M | 832 M | 756 M | 756 M | 756 M | 756 M | 649 M | 649 M | 649 M | 649 M | 445 M | 409 M |
Cash and Cash Equivalents |
1.1 B | 1.06 B | 1 B | 901 M | 873 M | 1.04 B | 1.04 B | 762 M | 867 M | 937 M | 1.24 B | 952 M | 833 M | 942 M | 1.04 B | 878 M | 927 M | 1.1 B | 1.24 B | 1.09 B | 1.13 B | 961 M | 961 M | 961 M | 961 M | 550 M | 550 M | 550 M | 550 M | 637 M | 637 M | 637 M | 637 M | 450 M | 450 M | 450 M | 450 M | 389 M | 389 M | 389 M | 389 M | 168 M | 168 M | 168 M | 168 M | 200 M | 200 M | 200 M | 200 M | 243 M | 243 M | 243 M | 243 M | 306 M | 306 M | 306 M | 306 M | 306 M | 241 M | 241 M | 241 M | 265 M | 236 M |
Book Value |
4.23 B | 4.15 B | 3.96 B | 3.91 B | 3.79 B | 3.85 B | 3.94 B | 3.76 B | 3.76 B | 3.63 B | 3.8 B | 3.64 B | 3.48 B | 3.6 B | 3.69 B | - | 3.67 B | 3.62 B | 3.52 B | 3.38 B | 3.39 B | 3.23 B | 3.23 B | 3.23 B | 3.23 B | 1.35 B | 1.35 B | 1.35 B | 1.35 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.15 B | 1.15 B | 1.15 B | 1.15 B | 995 M | 995 M | 995 M | 995 M | 848 M | 848 M | 848 M | 848 M | 753 M | 753 M | 753 M | 753 M | 634 M | 634 M | 634 M | 634 M | 581 M | 581 M | 581 M | 581 M | 491 M | 491 M | 491 M | 491 M | 359 M | 334 M |
Total Shareholders Equity |
4.23 B | 4.15 B | 3.96 B | 3.91 B | 3.79 B | 3.85 B | 3.94 B | 3.76 B | 3.76 B | 3.63 B | 3.8 B | 3.64 B | 3.48 B | 3.6 B | 3.69 B | 3.6 B | 3.67 B | 3.62 B | 3.52 B | 3.38 B | 3.39 B | 3.23 B | 3.23 B | 3.23 B | 3.23 B | 1.35 B | 1.35 B | 1.35 B | 1.35 B | 1.25 B | 1.25 B | 1.25 B | 1.25 B | 1.15 B | 1.15 B | 1.15 B | 1.15 B | 999 M | 995 M | 995 M | 995 M | 848 M | 848 M | 848 M | 848 M | 753 M | 753 M | 753 M | 753 M | 634 M | 634 M | 634 M | 634 M | 581 M | 581 M | 581 M | 581 M | 491 M | 491 M | 491 M | 491 M | 359 M | 334 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Align Technology, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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NNOX
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