Company: ALGN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001097149-25-000064
Chunk: 219

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 219
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ensed Consolidated Financial Statements for more information.

Income from operations (in millions): Three Months EndedJune 30,Six Months EndedJune 30, 20252024Change20252024ChangeClear AlignerIncome from operations$267.0 $299.6 $(32.6)$527.2 $585.9 $(58.6)Operating margin %33.2 %36.0 %32.9 %35.5 %Systems and ServicesIncome from operations$85.7 $70.8 $14.9 $144.2 $120.5 $23.7 Operating margin %41.3 %36.0 %37.0 %32.0 %Total income from operations 1$163.0 $147.0 $16.0 $294.1 $301.2 $(7.0)Operating margin %16.1 %14.3 %14.8 %14.9 %

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 Condensed Consolidated Income from Operations.

For the three months ended June 30, 2025, our operating margin percentage increased compared to the same period in 2024 primarily due to legal settlement losses incurred in 2024 partially offset by lower gross margin from our clear aligner reportable segment.

For the six months ended June 30, 2025, our operating margin percentage decreased slightly compared to the same period in 2024 primarily due to lower gross margin from our clear aligner reportable segment partially offset by a decrease in legal settlement losses. 

Clear Aligner

For the three and six months ended June 30, 2025, our operating margin percentage decreased compared to the same periods in 2024 primarily due to a decrease in gross margin and a decrease in operating leverage primarily due to higher marketing spend.

Systems and Services

For the three and six months ended June 30, 2025, our operating margin percentage increased compared to the same periods in 2024 primarily due to higher gross margin and improved operating leverage primarily from lower employee spend.

33 

Interest income (in millions):  Three Months EndedJune 30,Six Months EndedJune 30,