Description

Align Technology: No-Refinement Aligners—A Breakthrough Product or a Strategic Revenue Unlock?

Align Technology reported robust financial performance for the fourth quarter and full year 2025, with revenues and margins surpassing expectations. The company achieved a record $1.048 billion in quarterly revenues and $4 billion in annual revenues, driven by strong demand for its Clear Aligner systems. Clear Aligner volumes reached record levels with 677,000 cases in Q4, a 7.7% year-over-year increase, contributing to annual Clear Aligner revenues of $3.2 billion and volumes of 2.6 million cases. Among the positives, Align Technology’s strategic focus on expanding its international footprint and strengthening partnerships with Dental Service Organizations (DSOs) proved successful. DSOs in regions like Europe, the Middle East, Africa, Latin America, and Asia-Pacific exhibited notable growth, with DSOs in the Americas achieving double-digit growth. This indicates Align’s capability to capitalize on emerging markets and enhance its market presence globally.