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

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 10
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 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 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