Item 15. Exhibits and Financial Statement Schedules.

(a)Financial Statements

1.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

2.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 at Beginning of Period		Additions (Reductions) to Costs and Expenses		Write Offs		Balance at End 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:


Exhibit Number	Description	Form	Date	Exhibit Number Incorporated by Reference herein	Filed herewith
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.				*


Exhibit Number	Description	Form	Date	Exhibit Number Incorporated by Reference herein	Filed herewith
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				*
32.1 t	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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