Align Technology said Clear Aligner net revenues for Q2 2025 decreased $27 million compared to the same period in the prior year, primarily due to a decrease in average selling price driven by a product mix shift to lower priced products and higher discounts, which decreased net revenues by $34 million.

10-QQuarterly reportFiled Aug 6, 2025Period of report Jun 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Align Technology said Clear Aligner net revenues for Q2 2025 decreased $27 million compared to the same period in the prior year, primarily due to a decrease in average selling price driven by a product mix shift to lower priced products and higher discounts, which decreased net revenues by $34 million.
The company said Systems and Services net revenues for Q2 2025 increased $11 million compared to the same period in the prior year, citing an increase of $11 million in scanner wand sales as a principal factor, while scanner system sales decreased $6 million.
The company said operating cash flow for the 6 months ended June 30, 2025 was $181 million, and net income was approximately $218 million. The company attributed a net outflow of accounts receivable of $121 million to timing of collections.
The company said its board of directors approved a share repurchase program of up to $1.0 billion in April 2025, and as of June 30, 2025 cash and cash equivalents were $901 million, with $297 million expended on share repurchases during the 6 months.

Key figures

Quarter ended June 30, 2025

Revenue: $1.0B
Operating income: $163M
Net income: $125M
EPS: $1.72
Gross profit: $708M

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.

Q2 Clear Aligner Net Revenues Decline and Average Selling Price Changes

Align Technology said Clear Aligner net revenues for Q2 2025 decreased $27 million compared to the same period in the prior year, primarily due to a decrease in average selling price driven by a product mix shift to lower priced products and higher discounts, which decreased net revenues by $34 million.

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

Q2 Systems and Services Net Revenues Increase

The company said Systems and Services net revenues for Q2 2025 increased $11 million compared to the same period in the prior year, citing an increase of $11 million in scanner wand sales as a principal factor, while scanner system sales decreased $6 million.

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

6-Month Operating Cash Flow and Net Income

The company said operating cash flow for the 6 months ended June 30, 2025 was $181 million, and net income was approximately $218 million. The company attributed a net outflow of accounts receivable of $121 million to timing of collections.

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

Share Repurchase Program Approval and Cash Position

The company said its board of directors approved a share repurchase program of up to $1.0 billion in April 2025, and as of June 30, 2025 cash and cash equivalents were $901 million, with $297 million expended on share repurchases during the 6 months.

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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