Align Technology debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Cash & equivalents

USD millions

$1,102.591M

Net debt

USD millions

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / equity

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / assets

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Net debt / EBITDA

× · TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / FCF

× · TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Interest coverage

× · TTM

—

Current ratio

1.4×

Diluted shares

Million shares

71.52M shares

Basic shares

Million shares

71.5M shares

Share count growth

-1.47%

Share repurchases

USD millions

$66.931M

Quarterly data

Align Technology capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	—	1,102.59	—	—	—	—	—	—	1.4×	71.52	71.5	-1.47%	66.93
FY 2026 Q1	Mar 31, 2026	—	1,059.83	—	—	—	—	—	—	1.39×	71.61	71.43	-2.91%	31.2
FY 2025 Q4	Dec 31, 2025	—	1,094.91	—	—	—	—	—	—	1.36×	71.72	71.68	-3.67%	97.25
FY 2025 Q3	Sep 30, 2025	—	1,004.59	—	—	—	—	—	—	1.29×	72.42	72.38	-3.16%	71.56
FY 2025 Q2	Jun 30, 2025	—	901.16	—	—	—	—	—	—	1.23×	72.59	72.57	-3.48%	96.05
FY 2025 Q1	Mar 31, 2025	—	873.01	—	—	—	—	—	—	1.21×	73.62	73.56	-2.15%	201.09
FY 2024 Q4	Dec 31, 2024	—	1,043.89	—	—	—	—	—	—	1.22×	74.53	74.42	-1.7%	202.87
FY 2024 Q3	Sep 30, 2024	—	1,041.94	—	—	—	—	—	—	1.26×	74.76	74.74	-2.39%	0
FY 2024 Q2	Jun 30, 2024	—	761.43	—	—	—	—	—	—	1.18×	75.22	75.18	-1.75%	150.01
FY 2024 Q1	Mar 31, 2024	—	865.81	—	—	—	—	—	—	1.23×	75.32	75.18	-2.27%	0
FY 2023 Q4	Dec 31, 2023	—	937.44	—	—	—	—	—	—	1.18×	75.73	75.7	-2.37%	300
FY 2023 Q3	Sep 30, 2023	—	1,239.01	—	—	—	—	—	—	1.27×	76.83	76.57	-1.95%	0
FY 2023 Q2	Jun 30, 2023	—	951.96	—	—	—	—	—	—	1.17×	76.69	76.52	-2.39%	0
FY 2023 Q1	Mar 31, 2023	—	832.38	—	—	—	—	—	—	1.16×	77.11	76.92	-2.31%	292.36
FY 2022 Q4	Dec 31, 2022	—	942.05	—	—	—	—	—	—	1.26×	77.73	77.54	-1.54%	160
FY 2022 Q3	Sep 30, 2022	—	1,044.52	—	—	—	—	—	—	1.38×	78.24	78.09	-1.03%	0
FY 2022 Q2	Jun 30, 2022	—	877.5	—	—	—	—	—	—	1.32×	78.55	78.4	-0.78%	200
FY 2022 Q1	Mar 31, 2022	—	926.12	—	—	—	—	—	—	1.33×	79.19	78.74	-0.33%	75.04
FY 2021 Q4	Dec 31, 2021	—	1,099.37	—	—	—	—	—	—	1.3×	79.65	78.76	-0.12%	100
FY 2021 Q3	Sep 30, 2021	—	1,237.82	—	—	—	—	—	—	1.37×	79.52	78.9	0.1%	115.04
FY 2021 Q2	Jun 30, 2021	—	1,086.36	—	—	—	—	—	—	1.32×	79.64	79.01	0.3%	160
FY 2021 Q1	Mar 31, 2021	—	1,131.7	—	—	—	—	—	—	1.52×	79.8	79	0.52%	0
FY 2020 Q4	Dec 31, 2020	—	960.84	—	—	—	—	—	—	1.4×	79.68	78.85	0.35%	0
FY 2020 Q3	Sep 30, 2020	—	615.53	—	—	—	—	—	—	1.31×	79.16	78.82	-0.64%	0
FY 2020 Q2	Jun 30, 2020	—	404.36	—	—	—	—	—	—	1.22×	78.77	78.77	-1.47%	0
FY 2020 Q1	Mar 31, 2020	—	790.7	—	—	—	—	—	—	1.73×	79.03	78.59	-1.59%	0
FY 2019 Q4	Dec 31, 2019	—	550.43	—	—	—	—	—	—	1.68×	79.22	78.58	-1.64%	100.5
FY 2019 Q3	Sep 30, 2019	—	490.36	—	—	—	—	—	—	1.73×	79.83	79.33	-0.97%	200
FY 2019 Q2	Jun 30, 2019	—	423.5	—	—	—	—	—	—	1.85×	80.59	79.94	-0.34%	49.5
FY 2019 Q1	Mar 31, 2019	—	588	—	—	—	—	—	—	1.79×	80.69	79.86	-0.22%	50
FY 2018 Q4	Dec 31, 2018	—	636.9	—	—	—	—	—	—	1.88×	80.82	79.89	-0.24%	50
FY 2018 Q3	Sep 30, 2018	—	420.86	—	—	—	—	—	—	1.98×	81.36	80.11	-0.06%	150
FY 2018 Q2	Jun 30, 2018	—	547.99	—	—	—	—	—	—	2.23×	81.47	80.22	0.03%	0
FY 2018 Q1	Mar 31, 2018	—	498	—	—	—	—	—	—	2.26×	81.63	80.04	0.17%	100
FY 2017 Q4	Dec 31, 2017	—	449.51	—	—	—	—	—	—	2.32×	82.05	80.08	0.52%	50
FY 2017 Q3	Sep 30, 2017	—	362.61	—	—	—	—	—	—	2.39×	81.79	80.16	0.23%	15
FY 2017 Q2	Jun 30, 2017	—	358.18	—	—	—	—	—	—	2.36×	81.63	80.19	0.3%	35
FY 2017 Q1	Mar 31, 2017	—	261.03	—	—	—	—	—	—	2.51×	81.53	79.9	0.09%	3.79
FY 2016 Q4	Dec 31, 2016	—	389.28	—	—	—	—	—	—	2.69×	81.37	79.67	0.23%	38.04
FY 2016 Q3	Sep 30, 2016	—	419.95	—	—	—	—	—	—	2.66×	81.47	79.98	0.21%	23.17
FY 2016 Q2	Jun 30, 2016	—	167.71	—	—	—	—	—	—	2.76×	81.28	79.95	-0.38%	35
FY 2016 Q1	Mar 31, 2016	—	154.42	—	—	—	—	—	—	2.85×	81.32	79.83	-0.78%	0
FY 2015 Q4	Dec 31, 2015	—	167.71	—	—	—	—	—	—	2.69×	81.36	79.48	-0.96%	11.19
FY 2015 Q3	Sep 30, 2015	—	174.04	—	—	—	—	—	—	2.91×	81.09	79.81	-1.02%	39.82
FY 2015 Q2	Jun 30, 2015	—	161.75	—	—	—	—	—	—	2.95×	81.39	80.26	-0.95%	49
FY 2015 Q1	Mar 31, 2015	—	189.98	—	—	—	—	—	—	3.28×	81.82	80.46	-0.81%	1.78
FY 2014 Q4	Dec 31, 2014	—	199.87	—	—	—	—	—	—	3.26×	81.81	80.25	-0.22%	20.82
FY 2014 Q3	Sep 30, 2014	—	180.68	—	—	—	—	—	—	3.1×	82.01	80.63	0.83%	28.42
FY 2014 Q2	Jun 30, 2014	—	167.47	—	—	—	—	—	—	2.96×	82.34	81.03	0.56%	49
FY 2014 Q1	Mar 31, 2014	—	182.77	—	—	—	—	—	—	3.23×	82.82	81.12	-0.16%	0
FY 2013 Q4	Dec 31, 2013	—	242.95	—	—	—	—	—	—	3.11×	82.71	80.43	-0.76%	0
FY 2013 Q3	Sep 30, 2013	—	175.84	—	—	—	—	—	—	2.95×	81.85	79.97	-1.81%	0
FY 2013 Q2	Jun 30, 2013	—	164.5	—	—	—	—	—	—	2.75×	82.15	80.58	0.24%	92.67
FY 2013 Q1	Mar 31, 2013	—	328.75	—	—	—	—	—	—	3.67×	81.25	81.25	2.54%	2.44
FY 2012 Q4	Dec 31, 2012	—	306.39	—	—	—	—	—	—	3.12×	83.11	81.04	2.93%	37.41
FY 2012 Q3	Sep 30, 2012	—	304.91	—	—	—	—	—	—	3.19×	81.44	81.44	3.8%	7.27
FY 2012 Q2	Jun 30, 2012	—	262.8	—	—	—	—	—	—	3.03×	82.95	80.38	3.2%	0
FY 2012 Q1	Mar 31, 2012	—	224.36	—	—	—	—	—	—	2.84×	81.86	79.24	3.11%	2.52
FY 2011 Q4	Dec 31, 2011	—	240.68	—	—	—	—	—	1,771.76×	2.6×	81.05	78.74	3.15%	7.75
FY 2011 Q3	Sep 30, 2011	—	202.23	—	—	—	—	—	—	2.72×	80.27	78.46	3.12%	0
FY 2011 Q2	Jun 30, 2011	—	168.61	—	—	—	—	—	—	2.62×	80.32	77.89	2.89%	—
FY 2011 Q1	Mar 31, 2011	—	308.61	—	—	—	—	—	—	4.75×	79.36	76.84	—	—
FY 2010 Q4	Dec 31, 2010	—	294.66	—	—	—	—	—	5,407.05×	4.18×	78.76	76.34	—	—
FY 2010 Q3	Sep 30, 2010	—	264.92	—	—	—	—	—	—	4.47×	78.11	76.08	—	—
FY 2010 Q2	Jun 30, 2010	—	235.8	—	—	—	—	—	—	4.49×	77.61	75.7	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · ALGN, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.