Company: ALGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001097149-25-000079
Chunk: 230

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 230
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777.9 $862.2 $(84.2)Operating margin %31.1 %35.1 %32.3 %35.4 %Systems and ServicesIncome from operations$59.8 $68.7 $(8.9)$204.0 $189.2 $14.8 Operating margin %31.5 %36.0 %35.2 %33.3 %Total income from operations 1$96.3 $162.3 $(66.0)$390.4 $463.5 $(73.0)Operating margin %9.7 %16.6 %13.1 %15.4 %

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 Income from Operations.

For the three and nine months ended September 30, 2025, our operating margin decreased compared to the same periods in 2024 primarily due to lower gross margin and higher restructuring and other charges.

Clear Aligner

For the three and nine months ended September 30, 2025, our operating margin decreased compared to the same periods in 2024 primarily due to a decrease in gross margin.

Systems and Services

For the three months ended September 30, 2025, our operating margin decreased compared to the same period in 2024 primarily due to a decrease in gross margin.

For the nine months ended September 30, 2025, our operating margin increased compared to the same period in 2024 primarily due to improved operating leverage primarily from lower employee spend, partially offset by a decrease in gross margin.

Interest income (in millions):  Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 20252024Change20252024ChangeInterest income$3.2 $4.0 $(0.8)$11.4 $11.7 $(0.3)% of net revenues0.3 %0.4 %0.4 %0.4 %

Changes and percentages are based on actual values. Certain tables may not sum or recalculate due to rounding.

Interest income generally includes interest earned on cash, cash equivalents and investment balances. 

35 

For the three and nine months ended September