Company: ALGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001097149-25-000079
Chunk: 140

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 140
---
,978 Other current assets57,040 81,576 Total prepaid expenses and other current assets$174,114 $198,582 Accrued liabilities consist of the following (in thousands): September 30,2025December 31,2024Accrued payroll and benefits$210,499 $248,003 Accrued expenses62,177 66,391 Accrued income taxes39,522 48,808 Accrued sales and marketing expenses34,247 37,617 Current operating lease liabilities33,993 31,063 Accrued property, plant and equipment8,411 13,462 Other accrued liabilities157,444 152,844 Total accrued liabilities$546,293 $598,188 Accrued warranty, which is included in the “Other accrued liabilities” category of the Total accrued liabilities table above, consists of the following activity (in thousands):Nine Months EndedSeptember 30, 20252024Balance at beginning of period$31,211 $22,426 Charged to cost of net revenues12,596 14,658 Actual warranty expenditures(9,108)(9,889)Balance at end of period$34,699 $27,195 Deferred revenues consist of the following (in thousands):September 30,2025December 31,2024Deferred revenues - current$1,294,623 $1,331,146 Deferred revenues - long-term 184,424 102,164 Total deferred revenues$1,379,047 $1,433,310 1 Included in Other long-term liabilities within our Condensed Consolidated Balance Sheets.During the three months ended September 30, 2025 and 2024, we recognized $995.7 million and $977.9 million of net revenues, respectively, of which $200.0 million and $199.0 million was included in the deferred revenues balance at December 31, 2024 and 2023, respectively.During the nine months ended September 30, 2025 and 2024, we recognized $2,987.4 million and $3,003.8 million of net revenues, respectively, of which $675.3 million and $658.2 million was included in the deferred revenues balance at December 31, 2024 and 2023, respectively.Our unfulfilled performance obligations, including deferred revenues and backlog, as of