ALIGN TECHNOLOGY INC Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Numerator: | ||||||||||||||||||||
| Net income | $ | 410,351 | $ | 421,362 | $ | 445,053 | ||||||||||||||
| Denominator: | ||||||||||||||||||||
| Weighted average common shares outstanding, basic | 72,542 | 74,877 | 76,426 | |||||||||||||||||
| Dilutive effect of potential common stock | 46 | 116 | 142 | |||||||||||||||||
| Total shares, diluted | 72,588 | 74,993 | 76,568 | |||||||||||||||||
| Net income per share, basic | $ | 5.66 | $ | 5.63 | $ | 5.82 | ||||||||||||||
| Net income per share, diluted | $ | 5.65 | $ | 5.62 | $ | 5.81 | ||||||||||||||
Anti-dilutive potential common shares 1 | 1,239 | 685 | 293 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.