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We have completed the 2025 restructuring plan and incurred approximately $ 40.2 million in total restructuring expenses. We do not expect to incur additional restructuring expenses in connection with the 2025 restructuring plan.
Read in the filing ↗ Also in 10-Q of Nov 4, 2026, 10-Q of May 6, 2026
approximately $ 2.1 million of additional restructuring expense recorded in Cost of net revenues. As of September 30, 2026, we had no remaining restructuring liability related to the 2024 Restructuring.
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2 Includes approximately $ 0.6 million of restructuring expense decreases related to the 2023 restructuring.
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Activity related to the restructuring liabilities associated with our restructuring initiatives consist of the following (in thousands):
Read in the filing ↗ Also in 10-Q of Aug 6, 2025, 10-Q of Nov 5, 2025, 10-K of Feb 27, 2026, 10-Q of May 6, 2026, 10-Q of Aug 5, 2026, 10-Q of Nov 4, 2026
2 2025 restructuring activities include an immaterial amount of charges for non post-employment benefit related restructuring expense.
Read in the filing ↗ Also in 10-K of Feb 27, 2026, 10-Q of May 6, 2026
In the fourth quarter of 2024, we incurred approximately $ 37.0 million in restructuring expenses, of which $ 13.0 million remained unpaid and were included in Accrued liabilities as of December 31, 2024. During the year ended 2025, we reduced our December 31, 2024 restructuring liability by approximately $ 14.6 million primarily due to cash payments, offset by approximately $ 2.1 million of additional restructuring expense recorded in Cost of net revenues. As of March 31, 2026, we had no remaining restructuring liability related to the 2024 Restructuring.
Read in the filing ↗ Also in 10-Q of Aug 5, 2026, 10-Q of Nov 4, 2026
During 2023, we incurred approximately $ 14.0 million in restructuring expenses, of which $ 5.3 million remained unpaid and were included in Accrued liabilities as of December 31, 2023. As of December 31, 2024, we had no remaining restructuring liability related to the 2023 Restructuring.
Read in the filing ↗ Also in 10-K of Feb 27, 2026
Restructuring and other charges increased in 2024 compared to 2023 due to higher severance and other one-time post-employment benefits, driven by a more significant restructuring plan initiated in 2024. Refer to Note 17 “Restructuring and Other Charges” of the Notes to Consolidated Financial Statements for more information.
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During the fourth quarter of 2023, we incurred approximately $ 14.0 million in restructuring expenses, of which $ 5.3 million remained unpaid and were included in Accrued liabilities as of December 31, 2023. As of December 31, 2024, we had no remaining restructuring liability related to the 2023 Restructuring.
Read in the filing ↗ Also in 10-K of Feb 28, 2025, 10-Q of Nov 5, 2025, 10-Q of Aug 6, 2025
Restructuring and other charges Balance as of December 31, 2022 1 $ 3,916 Restructuring charges 13,989 Cash payments and adjustments (12,606) Balance as of December 31, 2023 1 5,299 Restructuring charges 2 36,393 Cash payments and adjustments (28,691) Balance as of December 31, 2024 1 $ 13,001
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Restructuring and other charges increased in 2025 compared to the same period in 2024 due to higher severance and other one-time post-employment benefits, driven by a more significant restructuring plan initiated in 2025. Refer to Note 17 “Restructuring and Other Charges” of the Notes to Consolidated Financial Statements for more information.
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December 31, 2024 restructuring liability by approximately $ 14.6 million primarily due to cash payments, offset by approximately $ 2.1 million of additional restructuring expense recorded in Cost of net revenues.
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was recorded in Cost of net revenues and $ 33.2 million was recorded in Restructuring and other charges. These restructuring activities were primarily related to employee severance and other one-time post-employment benefits.
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During the fourth quarter of 2024, we initiated a restructuring plan to increase efficiencies across the organization which is expected to be completed in 2025. We incurred approximately $ 37.0 million in restructuring expenses, of which $ 3.8 million
Read in the filing ↗ Also in 10-Q of Aug 6, 2025
(2) During the fourth quarter 2024, we initiated restructuring plans to reduce headcount and increase efficiencies across the organization and lower the overall cost structure. Restructuring charges are primarily related to severance and other post-employment one-time benefits.
Read in the filing ↗ Also in 8-K of Jul 30, 2025
(2) During the fourth quarters of 2023 and 2024, we initiated restructuring plans to reduce headcount and increase efficiencies across the organization and lower the overall cost structure. Restructuring charges are primarily related to severance and other post-employment one-time benefits.
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For the three and nine months ended September 30, 2025, restructuring and other charges increased compared to the same period in 2024. Refer to Note 15 "Restructuring and other charges" of the Notes to the Condensed Consolidated Financial Statements for more information.
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For the three and nine months ended September 30, 2026, restructuring and other charges decreased compared to the same period in 2025. Refer to Note 15 "Restructuring and other charges" of the Notes to the Condensed Consolidated Financial Statements for more information.
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In the third quarter of 2025, we initiated a plan to realign certain business groups and reduce our global workforce as part of our continued effort to right size our labor force in response to the current macroeconomic environment. As of June 30, 2026, we incurred a total of approximately $40.2 million in restructuring charges under this plan, of which $2.5 million remained unpaid. These charges were primarily related to involuntary termination benefits, including employee severance and other post-employment benefits in connection with the 2025 restructuring plan, which has been completed. We do not expect to incur additional restructuring expenses in connection with the 2025 restructuring plan.
Read in the filing ↗ Also in 10-Q of May 6, 2026, 10-Q of May 6, 2026
Align also announced today a global organizational restructuring plan that eliminates or transfers identified positions to other locations. There are impacted employees in every region and they will receive severance and other benefits based on applicable laws, severance plans, or contracts governing their position and country of employment. As part of the restructuring plan, Raj Pudipeddi’s position as executive vice president and managing director of the Americas region and chief marketing officer has been eliminated and he will leave Align in the fourth quarter of 2024. As a result of the restructuring plan, we anticipate incurring restructuring charges in the fourth quarter related to severance of approximately $30 million or 3% points impact on operating margin.
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• We expect Q4’24 GAAP operating margin to be slightly lower than 14.0% primarily due to restructuring charges related to severance as we adjust headcount for the existing business environment. We estimate these restructuring charges to impact Q4’24 GAAP operating margin by approximately 3 points
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In connection with the 2025 restructuring activities discussed in Note 14 “Restructuring and Other Charges,” during the third quarter of 2025, we classified a disposal group associated with a manufacturing facility in Juarez, Mexico as held for sale and recognized an impairment loss of $ 23.1 million.
Read in the filing ↗ Also in 10-Q of Nov 4, 2026, 10-Q of May 6, 2026
• Q3'25 restructuring, impairment, and accelerated depreciation charges of $88.3 million
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(2) During the fourth quarter of 2024 and the third quarter of 2025, we initiated restructuring plans to reduce headcount and increase efficiency across the organization and lower the overall cost structure. Restructuring charges are primarily related to involuntary termination benefits, including employee severance and other post-employment benefits.
Read in the filing ↗ Also in 8-K of Jul 29, 2026, 8-K of Oct 29, 2025
Commenting on Align’s restructuring actions today, Align Technology CFO and EVP Global Finance, John Morici said, “We continually evaluate and evolve our business to provide doctors with the best tools and resources that they deserve, while managing our operations responsibly. Today’s restructuring action was designed to adjust our operations to more closely align with the existing business environment. We expect the restructuring actions we announced today to be margin accretive in 2025, even as we scale our next generation direct 3D printing fabrication manufacturing.”
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• In the third quarter of 2025, we initiated a restructuring plan which will continue through the fourth quarter of 2025. We anticipate incurring between approximately $40.0 million and $50.0 million in total restructuring expenses, primarily related to involuntary termination benefits, including employee severance and other post-employment benefits.
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We may incur additional costs not currently contemplated due to events related to or resulting from these restructuring actions. Refer to Note 1 “Summary of Significant Accounting Policies,” Note 17 “Restructuring and Other Charges,” and Note 18 “Assets Held for Sale,” in the Notes to Consolidated Financial Statements for further discussion.
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(2) Represents accelerated depreciation on manufacturing assets disposed of, or expected to be disposed of, other than by sale in connection with the Company's 2025 restructuring and planned 2026 manufacturing optimization activities. In Q1 2026, $15.6 million, or 0.4%, impact was included in “Asset sale, accelerated depreciation and restructuring charges.
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2 2025 restructuring activities include an immaterial amount of charges not related to post-employment benefits.
Read in the filing ↗ Also in 10-Q of Nov 4, 2026
(2) During the fourth quarters of 2022 and 2023, we initiated restructuring plans to increase efficiencies across the organization and lower the overall cost structure. Restructuring charges recorded to Cost of net revenues and operating expenses primarily related to post employment benefits, lease termination charges and asset impairments in 2022 and post employment benefits in 2023.
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which $ 13.0 million remained unpaid and were included in Accrued liabilities as of December 31, 2024. During the first half of 2025, we reduced our December 31, 2024 restructuring liability by approximately $ 12.9 million primarily due to cash payments, offset by approximately $ 2.0 million of additional restructuring expense recorded in Cost of net revenues.
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• In the third quarter of 2025, we initiated a restructuring plan to realign certain business groups and reduce our global workforce. This plan represents our continued effort to right size our labor force with the current macroeconomic environment. We incurred $41 million in total restructuring expenses, primarily related to involuntary termination benefits, including employee severance and other post-employment benefits. We may also incur additional costs not currently contemplated due to events related to or resulting from any such action. Refer to Note 17 “Restructuring and Other Charges” of the Notes to Consolidated Financial Statements for more information.
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(2) Restructuring and other charges recorded in gross profit and operating expenses primarily relate to severance costs.
Read in the filing ↗ Also in 8-K of Jul 24, 2024, 8-K of Oct 23, 2024
• We are nearing completion of the restructuring actions that are intended to sharpen operational focus, reducing ongoing costs, and enhance capital efficiency. We expect these restructuring actions, as well as other initiatives, to improve our GAAP and non-GAAP operating margins by at least 100 basis points year-over-year - 5 - Align Technology Announces Third Quarter 2025 Financial Results
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During the third quarter of 2026, we initiated a plan to realign certain business groups and reduce our global workforce as part of our continued effort to right size our labor force in response to the current macroeconomic environment. We anticipate incurring between $35.0 million and $37.0 million in total restructuring expenses in connection with the 2026 restructuring plan, primarily related to involuntary termination benefits, including employee severance and other post-employment benefits. As of September 30, 2026, we incurred a total of $28.5 million in restructuring charges under this plan, of which $20.7 million remained unpaid.
Read in the filing ↗ Also in 10-K of Feb 27, 2026, 10-Q of Nov 4, 2026, 10-Q of Nov 5, 2025
For more information, see Note 14. “Restructuring and Other Charges” of the Notes to Condensed Consolidated Financial Statements
Read in the filing ↗ Also in 10-Q of Aug 5, 2026, 10-Q of Nov 4, 2026
(5) Restructuring charges are primarily related to involuntary termination benefits, including employee severance and other post-employment benefits.
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GAAP operating margin ~16.1%-16.2% Stock-based compensation ~4.2% Amortization of intangibles(1) ~0.5% Depreciation on assets disposed of in connection ~0.4% with restructuring plans(2) Gain on Assets held for sale(3) ~(0.3%) Legal settlement and contingencies loss(4) ~1.8% Restructuring and other charges(5) ~0.9% Non-GAAP operating margin ~23.7%
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The 2023 and 2024 restructuring activities were primarily related to employee severance and other one-time post-employment benefits.
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The gross margin percentage decreased in 2024 as compared to 2023 primarily due to lower ASPs and higher restructuring expense.
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(3) Restructuring and other charges are primarily related to involuntary termination benefits, including employee severance and other post-employment benefits.
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The 2023 and 2024 restructuring charges were primarily related to involuntary termination benefits, including employee severance and other post-employment benefits.
Read in the filing ↗ Also in 10-K of Feb 27, 2026
The 2024 and 2025 restructuring activities were primarily related to involuntary termination benefits, including employee severance and other post-employment benefits.
Read in the filing ↗ Also in 10-Q of Aug 5, 2026, 10-Q of Nov 4, 2026
In connection with the 2025 Restructuring activities, refer to Note 15 “Restructuring and Other Charges”, we have undertaken additional actions to optimize our manufacturing footprint. These actions include disposing, either by sale or other than by sale, of certain capital assets, including various manufacturing assets and facilities. For discussion of assets disposed of other than by sale refer to Note 1 “Summary of Significant Accounting Policies."
Read in the filing ↗ Also in 10-K of Feb 27, 2026
(2) In the fourth quarter 2026, we anticipate one-time charge of approximately $2M related to contract terminations in connection with the 2026 restructuring plan.
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Three Months Ended March 31, 2024 2023 ────────────────────────────────────────────────────────────────────────────── GAAP gross profit $ 697,816 $ 660,654 Stock-based compensation 2,064 1,807 Amortization of 3,724 2,774 intangibles(1) Restructuring charges(2) — -8 Non-GAAP gross profit $ 703,604 $ 665,227 GAAP gross margin 70.0 % 70.0 % Non-GAAP gross margin 70.5 % 70.5 % GAAP total operating $ 543,681 $ 527,138 expenses Stock-based compensation -36,724 -35,928 Amortization of -863 -867 intangibles(1) Restructuring and other — 177 charges(2) Non-GAAP total operating $ 506,094 $ 490,520 expenses GAAP income from $ 154,135 $ 133,516 operations Stock-based compensation 38,788 37,735 Amortization of 4,587 3,641 intangibles(1) Restructuring and other — -185 charges(2) Non-GAAP income from $ 197,510 $ 174,707 operations GAAP operating margin 15.5 % 14.2 % Non-GAAP operating margin 19.8 % 18.5 % GAAP net income before provision for $ 158,386 $ 134,624 income taxes Stock-based compensation 38,788 37,735 Amortization of 4,587 3,641 intangibles(1) Restructuring and other — -185 charges(2) Non-GAAP net income before provision $ 201,761 $ 175,815 forincome taxes
Read in the filing ↗ Also in 8-K of Apr 30, 2025
• Number of employees was 20,435 as of June 30, 2026, a decrease of 4.9% year-over-year primarily due to workforce reduction associated with the 2025 restructuring plan.
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• Number of employees was 20,180 as of September 30, 2026, a decrease of 4.2% year-over-year primarily due to workforce reduction associated with the 2025 restructuring plan.
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GAAP operating margin Slightly below 14.0% Stock-based compensation ~5.0% Amortization of intangibles(1) ~0.5% Restructuring charges(2) ~3.0% Non-GAAP operating margin Slightly above 22.1%
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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.
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GAAP operating margin ~19.6%-20.0% Stock-based compensation ~4.9% Amortization of intangibles(1) ~0.4% Restructuring and other charges(2) ~0.7%-0.9% Non-GAAP operating margin Approximately 26.0%
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(2) First quarter 2026, we initiated the disposal of certain manufacturing fixed assets, in connection with our 2025 restructuring plan. Accordingly, we revised the useful lives of these assets and recorded accelerated depreciation expense.
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(2) During the fourth quarters of 2024 and the third quarter of 2025, we initiated restructuring plans to reduce headcount and increase efficiencies across the organization and lower the overall cost structure. Restructuring charges are primarily related to involuntary termination benefits, including employee severance and other post-employment one-time benefits. - 22 - Align Technology Announces Fourth Quarter and Fiscal 2025 Results (3) During the third quarter of 2025, we recorded an impairment loss related to a manufacturing facility that met the criteria to be classified as assets held for sale during the quarter.
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GAAP operating margin Approximately 17.0% Stock-based compensation ~5.0% Amortization of intangibles(1) ~0.5% Restructuring charges(2) ~0.1% Legal settlement loss(3) ~0.1% Non-GAAP operating margin Approximately 22.5%
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GAAP gross margin 64.0% - 65.0% Stock-based compensation ~0.1% Amortization of intangibles(1) ~0.5% Asset write-down and Restructuring charges(2) ~5.0% - 6.0% Non-GAAP gross margin Approximately 70.5%
Read in the filing ↗ Also in 8-K of Jul 30, 2025
GAAP operating margin 10.5% - 11.5% Stock-based compensation ~5.0% Amortization of intangibles(1) ~0.5% Asset write-down and Restructuring charges(2) ~5.0% - 6.0% Non-GAAP operating margin Approximately 22.0%
Read in the filing ↗ Also in 8-K of Jul 30, 2025
(4) During the third quarter 2025, we initiated the disposal of certain manufacturing fixed assets, in connection with our 2025 restructuring plan. Accordingly, we revised the useful lives of these assets and recorded accelerated depreciation expense.
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Total operating margin percentage decreased in 2024 compared to 2023 primarily due to increased legal settlement losses, restructuring and other charges and employee costs. Refer to Note 8 “Legal Proceedings” of the Notes to Consolidated Financial Statements.
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(2) In the fourth quarter 2026, we anticipate incurring restructuring and other charges of approximately $7-9M, related to early termination of leases and involuntary termination benefits, including employee severance and other post- employment benefits. ALIGN TECHNOLOGY, INC.
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For the three months ended September 30, 2026, our gross margin increased compared to the same period in 2025, primarily due to operational efficiencies and roll-off of accelerated depreciation, partially offset by restructuring charges and lower ASPs.
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GAAP operating margin Slightly below 18.0% Stock-based compensation ~4.5% Amortization of intangibles(1) ~0.5% Asset sale, accelerated depreciation and ~0.1% restructuring charges Legal settlements(2) ~0.7% Non-GAAP operating margin Approximately 23.7%
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