艾利科技 2024年度报告

TRANSITION REPORT PURSUANT TO SECTION13 OR15(d)OFTHE SECURITIES EXCHANGEACTOF 1934 For the transition period fromtoCommission file number:000-32259________________________________________________________________________ ALIGN TECHNOLOGY,INC.(Exact name of registrant as specified in its charter)________________________________________________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that preparedor issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☒ The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was approximately $12.9billion as of June28,2024 based on the closing sale price of the registrant’s common stock on the Nasdaq Global Select Market on such date. Shares held by persons who may bedeemed affiliates have been excluded.This determination of affiliate status is not necessarily a conclusive determination for other purposes. On February20, 2025,73,597,648shares of the registrant’s common stock were outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive Proxy Statement relating to its 2025 annual meeting of stockholders are incorporated by reference into PartIII ofthis Annual Report on Form10-K where indicated. The registrant’s definitive proxy statement will be filed with the U.S. Securities and ExchangeCommission within 120 days after the end of the fiscal year to which this report relates. ALIGN TECHNOLOGY,INC.FORM 10-KFor the Year Ended December31, 2024TABLE OF CONTENTS PagePARTI3Item1.Business3Information about our Executive Officers20Item1A.Risk Factors20Item1B.Unresolved Staff Comments35Item1C.Cybersecurity35Item2.Properties37Item3.Legal Proceedings37Item4.Mine Safety Disclosures37PART II38Item5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities38Item6.[Reserved]40Item7.Management’s Discussion and Analysis of Financial Condition and Results of Operations40Item7A.Quantitative and Qualitative Disclosures About Market Risk52Item8.Financial Statements and Supplementary Data54Item9.Changes in and DisagreementsWith Accountants on Accounting and Financial Disclosure92Item9A.Controls and Procedures92Item9B.Other Information92Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections93PARTIII93Item10.Directors, Executive Officers and Corporate Governance93Item11.Executive Compensation93Item12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters94Item13.Certain Relationships and Related Transactions,and Director Independence94Item14.Principal Accountant Fees and Services94PARTIV95Item15.Exhibits and Financial Statement Schedules95Item16.Form 10-K Summary98Signatures99 Invisalign, Align, the I