Company: ALGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001097149-25-000079
Chunk: 14

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 14
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NZ$4,3002,495 Korean Won₩3,200,0002,283 Chinese Yuan¥15,0002,108 Total notional contract amount$436,164 December 31, 2024Local Currency AmountNotional Contract Amount (USD)Euro€176,080$183,172 Polish ZlotyPLN283,00068,633 Canadian DollarC$97,00067,446 British Pound£37,60047,090 Israeli ShekelILS90,05524,740 Chinese Yuan¥164,50022,417 Brazilian RealR$83,10013,327 Japanese Yen¥2,000,00012,778 Swiss FrancCHF5,7006,314 New Zealand DollarNZ$7,0003,924 Czech KorunaKč72,8003,004 Australian DollarA$3,8002,355 New Taiwan DollarNT$58,7001,786 Korean Won₩2,000,0001,361 Total notional contract amount$458,347 

Note 3. Balance Sheet Components 

Inventories consist of the following (in thousands): September 30,2025December 31,2024Raw materials$97,264 $124,377 Work in process63,097 73,660 Finished goods67,800 56,250 Total inventories$228,161 $254,287 

13 

During the three months ended September 30, 2025, we recognized an impairment loss on inventory of $14.9 million to adjust our inventory balance to its net realizable value. This loss was recorded in Cost of net revenues in our Condensed Consolidated Statements of Operations.Prepaid expenses and other current assets consist of the following (in thousands):September 30,2025December 31,2024Value added tax receivables $41,190 $34,028 Prepaid expenses75,884 82,978 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 Accru