12 February 2025

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Align Technology Reports Q4 2024 and Full-Year Financial Results

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Align Technology, the maker of Invisalign clear aligners, iTero intraoral scanners, and exocad CAD/CAM software, announced its financial results for the fourth quarter (Q4’24) and full year ended December 31, 2024.

Q4’24 revenues reached $995.2 million, marking a 1.8% sequential increase and a 4.0% year-over-year rise. Clear Aligner revenues totaled $794.3 million, up 0.9% sequentially and 1.6% year-over-year. Imaging Systems and CAD/CAM Services generated $200.9 million, reflecting a 5.2% sequential and 14.9% year-over-year increase. The company’s net income for Q4’24 was $103.8 million ($1.39 per diluted share), with an adjusted non-GAAP net income of $181.6 million ($2.44 per diluted share).

For the full year, Align reported total revenues of $4.0 billion, up 3.5% from 2023, with Clear Aligner revenues at $3.2 billion (up 1.0%) and Imaging Systems and CAD/CAM Services at $768.9 million (up 16.0%). Clear Aligner shipments grew 6.1% in Q4’24 and 3.5% for the full year. Align ended 2024 with $1.04 billion in cash and cash equivalents and no debt.

CEO Joe Hogan highlighted the company’s strong performance, particularly in Clear Aligner volume growth across key markets, and continued momentum in the Systems and Services segment. CFO John Morici emphasized the company’s focus on shareholder value, noting $353 million in stock repurchases during 2024.

Key milestones included Align’s ranking on the 2025 Patent 300 list, the expansion of the Invisalign® Palatal Expander System, and a $30 million equity investment in Smile Doctors. Looking ahead, Align expects modest revenue growth in 2025, driven by increased Clear Aligner volumes and continued innovation in digital dentistry.

Source: https://www.aligntech.com/