Company: ALGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001097149-25-000079
Chunk: 30

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 30
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 forward contract$— $50,000 Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$29,503 $29,854 Right-of-use assets obtained in exchange for lease obligations:Operating leases$19,996 $25,422 

Note 14. Segments and Geographical Information

Segment InformationWe report segment information based on the management approach. The management approach designates the internal reporting used by our Chief Operating Decision Maker (“CODM”), our Chief Executive Officer, for decision making and 

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performance assessment as the basis for determining our reportable segments. We group our operations into two reportable segments; Clear Aligner segment and Imaging Systems and CAD/CAM services (“Systems and Services”) segment, which are based on our predominant product lines.Our CODM uses gross profit and income from operations to assess each reportable segment's performance, by reviewing each measure against internal forecasts and historical performance. Our CODM may also benchmark each segment's performance against our competitors and external expectations.Summarized financial information by reportable segment is as follows (in thousands):  Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Net revenuesClear Aligner$805,799 $786,844 $2,407,259 $2,435,833 Systems and Services189,893 191,028 580,144 567,960 Total net revenues$995,692 $977,872 $2,987,403 $3,003,793 Cost of net revenues1Clear Aligner$282,941 $234,003 $758,506 $715,309 Systems and Services73,550 62,095 201,471 186,266 Total cost of goods sold$356,491 $296,098 $959,977 $901,575 Gross profitClear Aligner$522,858 $552,841 $1,648,753 $1,720,524 Systems and Services116,343 128,933 378,673 381,694 Total gross profit$639,201 $681,774 $2,027,426 $2,102,218 Other Segment expensesClear Aligner$272,150 $276,522 $870,810 $858,341 Systems and Services56,502 60,189 174,