ALIGN TECHNOLOGY INC
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
ALGN$174.260.0%Stored close · as of Nov 10, 2026
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Item 15. Exhibits and Financial Statement Schedules
(a)Financial Statements
- Consolidated financial statements
The following documents are filed as part of this Annual Report on Form 10-K:
| Report of Independent Registered Public Accounting Firm | 58 |
|---|---|
| Consolidated Statements of Operations for the year ended December 31, 2025, 2024 and 2023 | 60 |
| Consolidated Statements of Comprehensive Income for the year ended December 31, 2025, 2024 and 2023 | 61 |
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | 62 |
| Consolidated Statements of Stockholders’ Equity for the year ended December 31, 2025, 2024 and 2023 | 63 |
| Consolidated Statements of Cash Flows for the year ended December 31, 2025, 2024 and 2023 | 64 |
| Notes to Consolidated Financial Statements | 65 |
- The following financial statement schedule is filed as part of this Annual Report on Form 10-K:
Schedule II—Valuation and Qualifying Accounts and Reserves for the year ended December 31, 2025, 2024 and 2023
All other schedules have been omitted as they are not required, not applicable, or the required information is otherwise included.
SCHEDULE II: VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
| Balance atBeginningof Period | Additions(Reductions)to Costs andExpenses | WriteOffs | Balance atEnd of Period | |
|---|---|---|---|---|
| (in thousands) | ||||
| Allowance for doubtful accounts: | ||||
| Year Ended December 31, 2023 | $10,343 | $8,002 | $(3,452) | $14,893 |
| Year Ended December 31, 2024 | $14,893 | $8,282 | $(4,044) | $19,131 |
| Year Ended December 31, 2025 | $19,131 | $18,738 | $(3,656) | $34,213 |
| Valuation allowance for deferred tax assets: | ||||
| Year Ended December 31, 2023 | $23,286 | $(8,295) | $— | $14,991 |
| Year Ended December 31, 2024 | $14,991 | $4,399 | $— | $19,390 |
| Year Ended December 31, 2025 | $19,390 | $(7,892) | $— | $11,498 |
(b)The following exhibits are included in this Annual Report on Form 10-K:
| ExhibitNumber | Description | Form | Date | ExhibitNumberIncorporatedby Referenceherein | Filedherewith |
|---|---|---|---|---|---|
| 3.1 | Amended and Restated Certificate of Incorporation of Align Technology, Inc. | 10-Q | 8/6/2025 | 3.1 | |
| 3.2 | Amended and Restated Bylaws of Align Technology, Inc. | 8-K | 2/26/2026 | 3.1 | |
| 4.1 | Form of Specimen Common Stock Certificate | S-1/A (File No. 333-49932) | 1/17/2001 | 4.1 | |
| 4.2 | Description of the Registered Securities of Align Technology, Inc. | * | |||
| 10.1† | Align Technology, Inc. 2010 Employee Stock Purchase Plan (as amended and restated as of May 19, 2021) | 8-K | 5/20/2021 | 10.1 | |
| 10.2† | Align Technology, Inc. 2005 Incentive Plan (as amended on May 21, 2025) | 8-K | 5/21/2025 | 10.1 | |
| 10.3† | Form of RSU Agreement under 2005 Incentive Plan (Non-employee Director Form) | 10-K | 2/28/2020 | 10.5 | |
| 10.4† | Align 2019 Global RSU Agreement | 10-K | 2/28/2019 | 10.6 | |
| 10.5† | Form of RSU Agreement under 2005 Incentive Plan (CEO Form) | 10-K | 2/28/2025 | 10.7 | |
| 10.6† | Form of RSU Agreement under 2005 Incentive Plan (Executive Officer Form for officers appointed after September 2016) | 10-Q | 5/5/2023 | 10.2 | |
| 10.7† | Form of RSU Agreement under 2005 Incentive Plan (Executive Officer Form for officers appointed prior to September 2016) | 10-Q | 5/5/2023 | 10.3 | |
| 10.8† | Form of MSU Agreement under 2005 Incentive Plan (CEO Form) | 10-Q | 5/5/2023 | 10.4 | |
| 10.9† | Form of MSU Agreement under 2005 Incentive Plan (Executive Officer Form for officers appointed after September 2016) | 10-Q | 5/5/2023 | 10.5 | |
| 10.10† | Form of MSU Agreement under 2005 Incentive Plan (Executive Officer Form for officers appointed prior to September 2016) | 10-Q | 5/5/2023 | 10.6 | |
| 10.11† | Form of Employment Agreement by and between Align Technology, Inc. and each executive officer (non-CEO Form) (for executive officers appointed prior to September 2016) | 10-Q | 5/8/2008 | 10.3 | |
| 10.12† | Form of Employment Agreement by and between Align Technology, Inc. and each executive officer (non-CEO Form) (for executive officers appointed after September 2016) | 10-K | 2/28/2017 | 10.8 | |
| 10.13† | Amended and Restated Chief Executive Officer Employment Agreement, dated April 16, 2015, by and between Align Technology, Inc. and Joseph Hogan | 10-Q | 5/1/2015 | 10.30 | |
| 10.14† | Employment Agreement, dated November 7, 2016, by and between Align Technology, Inc. and John F. Morici | 10-Q | 11/8/2016 | 10.2 | |
| 10.15† | Form of Indemnification Agreement by and between Align Technology, Inc. and each of its directors and executive officers | * | |||
| 10.16 | Credit Agreement, dated July 21, 2020, by and among Align Technology, Inc. and the lenders party thereto from time to time and Citibank, N.A., as administrative agent | 10-Q | 10/30/2020 | 10.1 | |
| 10.17 | First Amendment, dated April 21, 2022, to Credit Agreement by and among Align Technology, Inc. and the lenders party thereto from time to time and Citibank, N.A., as administrative agent, dated July 21, 2020 | 10-K | 2/27/2023 | 10.18 | |
| 10.18 | Second Amendment, dated December 23, 2022, to Credit Agreement by and among Align Technology, Inc. and the lenders party thereto from time to time and Citibank, N.A., as administrative agent, dated July 21, 2020 | 10-K | 2/27/2023 | 10.19 | |
| 10.19* | Share Purchase Agreement, dated September 1, 2023, by and among Align Holdings GmbH, Align Technology Switzerland GmbH and the Sellers provided therein | 10-Q | 11/3/2023 | 10.1 | |
| 19.1 | Align Technology, Inc. Insider Trading Policy | * | |||
| 21.1 | Subsidiaries of Align Technology, Inc. | * | |||
| ExhibitNumber | Description | Form | Date | ExhibitNumberIncorporatedby Referenceherein | Filedherewith |
|---|---|---|---|---|---|
| 23.1 · Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm · * | |||||
| 31.1 · Certifications of Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2003 · * | |||||
| 31.2 · Certifications of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2003 · * | |||||
| 32.1t · Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2003 · * | |||||
| 97.1 | Align Technology, Inc. Clawback Policy | 10-K | 2/28/2024 | 97.1 | |
| 101.INS | Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document). | * | |||
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document | * | |||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | * | |||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | * | |||
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | * | |||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | * | |||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) | * | |||
| † | Management contract or compensatory plan or arrangement. |
|---|---|
| * | Certain information contained in this exhibit has been omitted because it is not material and (i) would likely cause competitive harm to the registrant if publicly disclosed or (ii) is the type that the registrant treats as private or confidential. |
| t | Furnished herewith. |
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