Company: ALGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001097149-25-000034
Chunk: 38

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 38
---
Item 1.        Financial Statements. 

ALIGN TECHNOLOGY, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

Three Months EndedMarch 31, 20252024Net revenues$979,262 $997,431 Cost of net revenues299,154 299,615 Gross profit680,108 697,816 Operating expenses:Selling, general and administrative447,629 451,822 Research and development97,201 91,859 Legal settlement loss4,178 — Total operating expenses549,008 543,681 Income from operations131,100 154,135 Interest income and other income (expense), net:Interest income5,316 4,392 Other income (expense), net4,026 (141)      Total interest income and other income (expense), net9,342 4,251 Net income before provision for income taxes140,442 158,386 Provision for income taxes47,212 53,358 Net income$93,230 $105,028 Net income per share:Basic$1.27 $1.40 Diluted$1.27 $1.39 Shares used in computing net income per share:Basic73,562 75,175 Diluted73,615 75,322 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

3 

Table of Contents

ALIGN TECHNOLOGY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

(unaudited)

 Three Months EndedMarch 31, 20252024Net income$93,230 $105,028 Other comprehensive income (loss):Change in foreign currency translation adjustment, net of tax12,199 (2,932)Change in unrealized gains (losses) on investments, net of tax— 203 Other comprehensive income (loss)12,199 (2,729)Comprehensive income$105,429 $102,299 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

4 

Table of Contents

ALIGN TECHNOLOGY, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

(unaudited)

March 31,2025December 31,2024