v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Summary of Goodwill by Reportable Segment
The change in the carrying value of goodwill for the six months ended June 30, 2026, categorized by reportable segment, is as follows (in thousands):
Clear AlignerSystems and ServicesTotal
Balance as of December 31, 2025
$164,255 $327,578 $491,833 
Additions from acquisition1
— 18,588 18,588 
Foreign currency translation adjustments
(2,719)(10,401)(13,120)
Balance as of June 30, 2026
$161,536 $335,765 $497,301 
1 We recorded $18.6 million of goodwill within the Systems and Services segment for an immaterial acquisition that was completed in the first quarter of 2026. The amount recorded is based on preliminary estimates of the fair values of assets acquired and liabilities assumed and is subject to adjustment during the measurement period.
Schedule of Amortized Intangible Assets
Acquired intangible assets, excluding intangibles that were fully amortized, are as follows (in thousands): 
Weighted Average Amortization Period
(in years)
Gross Carrying Amount as of
June 30, 2026
Accumulated
Amortization
Net Carrying
Value as of
June 30, 2026
Existing technology11$146,652 $(74,561)$72,091 
Customer relationships1021,500 (13,438)8,062 
Trademarks and tradenames
79,800 (8,750)1,050 
Patents 12480 (340)140 
  Total finite-lived intangible assets178,432 (97,089)81,343 
In-process research and development1
12,558 12,558 
Foreign currency translation adjustments1,026 
  Total intangible assets, net
$94,927 
1 In connection with the immaterial acquisition completed during the first quarter of 2026, the Company recorded $12.6 million in acquired in-process research and development within the Systems and Services segment. Acquired in-process research and development is considered an indefinite-lived intangible asset until completion of the associated research and development efforts at which time the asset will be amortized over its estimated useful life.

Weighted Average Amortization Period
(in years)
Gross Carrying
Amount as of December 31, 2025
Accumulated
Amortization
Net Carrying
Value as of
December 31, 2025
Existing technology11$146,651 $(67,138)$79,513 
Customer relationships1021,500 (12,363)9,137 
Trademarks and tradenames79,800 (8,050)1,750 
Patents12480 (320)160 
  Total finite-lived intangible assets$178,431 $(87,871)90,560 
Foreign currency translation adjustments3,373 
  Total intangible assets, net
$93,933 
Intangible Asset, Finite-Lived, and Capitalized Cost, Software to be Sold, Leased, or Marketed, Estimated Amortization Expense
The total estimated future amortization expense for the acquired finite-lived intangible assets as of June 30, 2026 is as follows (in thousands):

Fiscal Year Ending December 31,Amortization
Remainder of 2026
$8,705 
202715,607 
202814,505 
202914,505 
20306,328 
20313,615 
Thereafter18,078 
Total$81,343