Company: ALGN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001097149-25-000064
Chunk: 130

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 130
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 financial statements, specified information about certain costs and expenses, including the amounts of inventory purchases, employee compensation, depreciation and intangible asset amortization. For public business entities, the provisions of ASU 2024-03 are effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. There will be no impact to our consolidated balance sheets or statements of operations; however, the Company is evaluating the effect of this pronouncement on our consolidated financial statement disclosures.

Note 2. Financial Instruments

Cash, Cash Equivalents and Marketable SecuritiesThe following tables summarize our cash, cash equivalents and marketable securities balances in our Condensed Consolidated Balance Sheets as of June 30, 2025 and Consolidated Balance Sheets as of December 31, 2024 (in thousands):Reported as:June 30, 2025AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFair ValueCash and Cash EquivalentsMarketable securities, short-termMarketable securities, long-termCash$823,785 $— $— $823,785 $823,785 $— $— Money market funds60,204 — — 60,204 60,204 — — Certificate of deposits17,168 — — 17,168 17,168 — — Total$901,157 $— $— $901,157 $901,157 $— $— Reported as:December 31, 2024AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesFair ValueCash and Cash EquivalentsMarketable securities, short-termMarketable securities, long-termCash$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 June 30, 2025 or December 31, 2024.Fair Value MeasurementsFair value is an exit price, representing the amount that would be