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Align Technology cash flow statement

In fiscal 2025, Align Technology's operations generated $593m of cash; it spent $102m on capital projects, leaving free cash flow of $491m. It returned $466m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations741301301341862272382484395557476621,173569786738593756
Depreciation and amortisation101112181718182438557994109126142145237254
Stock-based pay151619212640535459718898114133154174186179
Capital spending718303819245371196223150155401292178116102122
Free cash flow6711110095167203185177243331598507771277608623491634
Free cash flow after stock pay52958174140163132123184261509409657143454449305454
Share buybacks—08479598102961043004000375435592353466267
Shares issued81226423418111414171820262627252220

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Align Technology's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Align Technology.