Company: ALGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001097149-25-000079
Chunk: 47

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 47
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 ended September 30, 2025, restructuring and other charges increased compared to the same period in 2024. Refer to Note 15 "Restructuring and other charges" of the Notes to the Condensed Consolidated Financial Statements for more information.

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Legal settlement loss (in millions):  Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 20252024Change20252024ChangeLegal settlement loss$— $0.1 $(0.1)$4.2 $31.2 $(27.0)% of net revenues— %— %0.1 %1.0 %

Changes and percentages are based on actual values. Certain tables may not sum or recalculate due to rounding.

For the nine months ended September 30, 2025, we recorded losses of $4 million due to legal settlements. Refer to Note 7 “Legal Proceedings” of the Notes to Condensed Consolidated Financial Statements for more information.

Income from operations (in millions): Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 20252024Change20252024ChangeClear AlignerIncome from operations$250.7 $276.3 $(25.6)$777.9 $862.2 $(84.2)Operating margin %31.1 %35.1 %32.3 %35.4 %Systems and ServicesIncome from operations$59.8 $68.7 $(8.9)$204.0 $189.2 $14.8 Operating margin %31.5 %36.0 %35.2 %33.3 %Total income from operations 1$96.3 $162.3 $(66.0)$390.4 $463.5 $(73.0)Operating margin %9.7 %16.6 %13.1 %15.4 %

Changes and percentages are based on actual values. Certain tables may not sum or recalculate due to rounding.

1 Refer to Note 14 “Segments and Geographical Information” of the Notes to Condensed Consolidated Financial Statements for details on unallocated corporate expenses and the reconciliation to Income from Operations.

For the three and nine months ended September 30, 2025, our operating margin decreased compared to the same periods in 2024 primarily due to lower gross margin and higher restructuring and other charges.

Clear Aligner