Align Technology said total net revenues for Q1 2025 decreased $18 million compared to the same period in the prior year, citing a decrease in Clear Aligner net revenues from lower average selling prices as the primary factor.

10-QQuarterly reportFiled May 8, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Align Technology said total net revenues for Q1 2025 decreased $18 million compared to the same period in the prior year, citing a decrease in Clear Aligner net revenues from lower average selling prices as the primary factor.
The company said Clear Aligner net revenues for Q1 2025 decreased $20 million compared to the same period in the prior year, with lower average selling prices accounting for $40 million of the decrease and unfavorable foreign exchange rates accounting for $26 million, partially offset by an increase in volume that added $46 million.
Align Technology said cash flows from operating activities for Q1 2025 were $53 million. For the same period, investing activities used net cash of $25 million and financing activities used net cash of $207 million, which included share repurchases of $201 million.
The company said that as of March 31, 2025, it had cash and cash equivalents of $873 million and had access to $300 million under its revolving line of credit. It added that in April 2025, its Board of Directors authorized a plan to repurchase up to $1.0 billion of its common stock, none of which has been utilized.

Key figures

Quarter ended March 31, 2025

Revenue: $979M
Operating income: $131M
Net income: $93M
EPS: $1.27
Gross profit: $680M
Operating cash flow: $53M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Revenue Decline and Clear Aligner Price Decrease

Align Technology said total net revenues for Q1 2025 decreased $18 million compared to the same period in the prior year, citing a decrease in Clear Aligner net revenues from lower average selling prices as the primary factor.

Source · Based on the MD&A text of the filing

Clear Aligner Revenue Drivers

The company said Clear Aligner net revenues for Q1 2025 decreased $20 million compared to the same period in the prior year, with lower average selling prices accounting for $40 million of the decrease and unfavorable foreign exchange rates accounting for $26 million, partially offset by an increase in volume that added $46 million.

Source · Based on the MD&A text of the filing

Operating Cash Flow and Use of Funds

Align Technology said cash flows from operating activities for Q1 2025 were $53 million. For the same period, investing activities used net cash of $25 million and financing activities used net cash of $207 million, which included share repurchases of $201 million.

Source · Based on the MD&A text of the filing

Cash Balance and Share Repurchase Authorization

The company said that as of March 31, 2025, it had cash and cash equivalents of $873 million and had access to $300 million under its revolving line of credit. It added that in April 2025, its Board of Directors authorized a plan to repurchase up to $1.0 billion of its common stock, none of which has been utilized.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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