Company: ALGN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001097149-25-000064
Chunk: 25

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 25
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Q4 2023January 2023$100.0 Q4 2023465,518 $214.81 Q2 2024January 2023$150.0 Q2 2024598,302 $250.73 Q4 2024January 2023$275.0 Q1 20251,241,509 $221.50 Q1 2025January 2023$225.0 Q2 20251,339,124 $168.02 As of June 30, 2025 the January 2023 Repurchase Program was complete. In April 2025, our Board of Directors authorized a plan to repurchase up to $1.0 billion of our common stock (the “April 2025 Repurchase Program”). The April 2025 Repurchase Program is expected to be completed over a period of up to three years. 

On August 5, 2025 we announced a plan to repurchase $200 million of our common stock through open market repurchases beginning in the third quarter of 2025 and continuing into the first quarter of 2026. The number of shares to be repurchased and the average price per share are not determinable as of the filing of this Quarterly Report on Form 10-Q. Upon completion of these open market repurchases the Company will have $800.0 million remaining available for repurchases under the April 2025 Repurchase Program. 

Note 11. Accounting for Income Taxes 

Our provision for income taxes was $48.9 million and $47.3 million for the three months ended June 30, 2025 and 2024, respectively, representing effective tax rates of 28.2% and 32.9%, respectively. Our provision for income taxes was $96.1 million and $100.7 million for the six months ended June 30, 2025 and 2024, respectively, representing effective tax rates of 30.6% and 33.3%. Our effective tax rate differs from the statutory federal income tax rate of 21% for the three and six months 

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ended June 30, 2025 and 2024 primarily due to the recognition of additional tax expense resulting from U.S. taxes on foreign earnings, foreign income taxed at different rates, state income taxes and non-deductible expenses in the U.S.We exercise significant judgment in regard to estimates of future market growth