Company: ALGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001097149-25-000079
Chunk: 136

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 136
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 equivalents and marketable securities balances in our Condensed Consolidated Balance Sheets as of September 30, 2025 and Consolidated Balance Sheets as of December 31, 2024 (in thousands):Reported as:September 30, 2025AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFair ValueCash and Cash EquivalentsCash$797,412 $— $— $797,412 $797,412 Money market funds190,785 — — 190,785 190,785 Certificate of deposits16,392 — — 16,392 16,392 Total$1,004,589 $— $— $1,004,589 $1,004,589 Reported as:December 31, 2024AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFair ValueCash and Cash EquivalentsCash$752,423 $— $— $752,423 $752,423 Money market funds291,464 — — 291,464 291,464 Total$1,043,887 $— $— $1,043,887 $1,043,887 We had no short-term or long-term marketable securities as of September 30, 2025 or December 31, 2024.Fair Value MeasurementsFair value is an exit price, representing the amount that would be received from selling an asset or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. We use the U.S. GAAP fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. This hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value:Level 1 — Inputs to the valuation techniques that are quoted prices in active markets for identical assets or liabilities.Level 2 — Inputs to the valuation techniques that are other than quoted prices but are observable for the assets or liabilities, either directly or indirectly. Level 3 — Inputs to the valuation techniques that are unobservable for the assets or liabilities.The following tables summarize our financial assets measured at fair value as of September 30, 2025 and December 31, 2024 (in thousands):DescriptionBalance as ofSeptember