Align Technology (ALGN) investor relations material

Executive summary

• Achieved record FY 2025 revenues of $4.0 billion, with $3.2 billion from clear aligners and $789.6 million from systems and services.

• Operating margin reached 13.5% GAAP and 21.8% non-GAAP; diluted net income per share was $5.65 GAAP, $10.51 non-GAAP.

• Repurchased $466 million in stock, maintained over $1 billion in cash, and ended the year with no debt.

• International growth was strong, especially in EMEA, Latin America, and APAC; North America stabilized.

• Continued investment in AI-driven software, digital diagnostics, and 3D printing to drive innovation and efficiency.

Voting matters and shareholder proposals

• Proposal 1: Election of ten directors, all with diverse backgrounds and skills.

• Proposal 2: Advisory vote to approve executive compensation, emphasizing pay-for-performance.

• Proposal 3: Ratification of PricewaterhouseCoopers LLP as independent auditor.

• Proposal 4: Ratification of bylaw provision allowing shareholders with 25% ownership for one year to call special meetings.

Board of directors and corporate governance

• Board consists of ten directors post-meeting, 90% independent, with a separate CEO and Chair.

• Four standing committees: Audit, Compensation and Human Capital, Nominating and Governance, and Technology.

• Annual board and committee evaluations, robust stockholder engagement, and regular refreshment with six new directors since 2017.

• Proxy access, majority voting, and special meeting rights adopted in recent years.