Stock Analysis on Net
Stock Analysis on Net

Align Technology Inc. (NASDAQ:ALGN)

This company has been moved to the archive! The financial data has not been updated since November 3, 2023.

Common-Size Income Statement
Quarterly Data

Align Technology Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net revenues 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of net revenues -30.94 -28.79 -29.95 -31.48 -30.46 -29.08 -27.11 -27.79 -25.67 -24.96 -24.33 -26.85 -27.25 -36.33 -28.42 -27.37 -27.96 -28.04 -26.75 -28.26 -26.42 -25.43 -25.07
Gross profit 69.06% 71.21% 70.05% 68.52% 69.54% 70.92% 72.89% 72.21% 74.33% 75.04% 75.67% 73.15% 72.75% 63.67% 71.58% 72.63% 72.04% 71.96% 73.25% 71.74% 73.58% 74.57% 74.93%
Selling, general and administrative -42.49 -45.22 -46.62 -45.49 -44.76 -43.98 -45.15 -43.76 -42.17 -42.73 -44.38 -41.75 -42.57 -72.94 -51.35 -43.01 -45.69 -44.61 -45.01 -42.47 -42.33 -43.26 -45.69
Research and development -9.24 -8.83 -9.27 -9.26 -8.64 -7.53 -7.38 -7.03 -6.46 -5.71 -6.10 -5.86 -6.07 -11.46 -7.54 -6.36 -6.53 -6.47 -6.83 -6.70 -6.47 -6.28 -6.77
Restructuring and other charges 0.00 0.00 0.00 -1.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Impairments and other charges (gains), net 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.12 0.00 -5.43 0.00 0.00 0.00 0.00
Litigation settlement gain 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.49 0.00 0.00 0.00 0.00 0.00
Operating expenses -51.73% -54.05% -55.89% -56.02% -53.41% -51.50% -52.53% -50.79% -48.63% -48.44% -50.48% -47.61% -48.63% -84.39% -58.89% -49.37% -51.11% -42.58% -57.27% -49.18% -48.80% -49.54% -52.46%
Income (loss) from operations 17.32% 17.16% 14.16% 12.50% 16.13% 19.41% 20.35% 21.42% 25.71% 26.60% 25.20% 25.55% 24.12% -20.72% 12.69% 23.26% 20.94% 29.38% 15.98% 22.56% 24.78% 25.03% 22.47%
Interest income 0.58 0.44 0.25 0.31 0.19 0.03 0.07 0.07 0.04 0.04 0.18 0.04 0.04 0.13 0.36 0.45 0.57 0.58 0.48 0.42 0.44 0.39 0.50
Other income (expense), net -1.02 -0.48 -0.13 -0.01 -2.55 -1.53 -1.16 -0.15 0.04 -0.05 3.86 0.12 0.97 -0.27 -3.37 0.27 -0.36 2.31 -1.05 -0.14 -0.17 -1.45 0.04
Interest income and other income (expense), net -0.44% -0.03% 0.12% 0.30% -2.36% -1.50% -1.09% -0.09% 0.08% -0.01% 4.04% 0.16% 1.02% -0.14% -3.01% 0.72% 0.21% 2.89% -0.57% 0.28% 0.28% -1.06% 0.54%
Net income (loss) before (provision for) benefit from income taxes 16.88% 17.12% 14.27% 12.79% 13.77% 17.91% 19.26% 21.34% 25.79% 26.59% 29.24% 25.71% 25.14% -20.86% 9.68% 23.98% 21.14% 32.27% 15.41% 22.84% 25.06% 23.97% 23.01%
(Provision for) benefit from income taxes -4.24 -5.96 -4.96 -8.16 -5.61 -6.27 -5.47 -2.82 -7.98 -6.83 -6.84 -6.66 -6.15 9.34 265.86 -5.31 -4.26 -7.18 -1.60 -4.22 -4.87 -1.57 -0.66
Equity in losses of investee, net of tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.60 -0.72 -0.39 -0.22 -0.75 -0.41
Net income (loss) 12.65% 11.16% 9.31% 4.63% 8.17% 11.63% 13.80% 18.52% 17.81% 19.76% 22.39% 19.05% 18.98% -11.52% 275.54% 18.66% 16.88% 24.50% 13.09% 18.24% 19.96% 21.64% 21.94%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Align Technology Inc. income (loss) from operations as a percentage of net revenues increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Net income (loss) before (provision for) benefit from income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Align Technology Inc. net income (loss) before (provision for) benefit from income taxes as a percentage of net revenues increased from Q1 2023 to Q2 2023 but then slightly decreased from Q2 2023 to Q3 2023.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Align Technology Inc. net income (loss) as a percentage of net revenues increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.