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Leases | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Leases | Leases Lessee Information We have operating leases for our digital treatment planning and office facilities, retail spaces, vehicles and office equipment. The components of lease expense consist of following (in thousands):
|  | Year Ended December 31,
Lease Cost |  | 2025 |  | 2024 |  | 2023
Operating lease cost 1 |  | $ | 43,401 |  |  | $ | 42,299 |  |  | $ | 44,614 |
Variable lease cost 2 |  | 4,054 |  |  | 3,630 |  |  | 16,013 |
Total lease cost |  | $ | 47,455 |  |  | $ | 45,929 |  |  | $ | 60,627 |
1 Includes expense associated with short term leases, lease terms of 12 months or less, which is not material. 2 Includes payments related to agreements with embedded leases that are not otherwise reflected on the balance sheet. The following table provides a summary of our operating lease terms and discount rates:
|  |  |  | December 31,
Remaining Lease Term and Discount Rate |  |  |  | 2025 |  | 2024
Weighted average remaining lease term (in years) |  |  |  | 5.1 |  | 5.4
Weighted average discount rate |  |  |  | 4.1 | % |  | 3.8 | %
As of December 31, 2025, the future payments related to our operating lease liabilities are as follows (in thousands):
Fiscal Year Ending December 31, |  |  |  | Operating Leases
2026 |  |  |  | $ | 35,694 |
2027 |  |  |  | 29,595 |
2028 |  |  |  | 23,986 |
2029 |  |  |  | 15,564 |
2030 |  |  |  | 7,212 |
Thereafter |  |  |  | 13,060 |
Total lease payments |  |  |  | 125,111 |
Less: Imputed interest |  |  |  | (10,665) |
Total lease liabilities |  |  |  | $ | 114,446 |
As of December 31, 2025, we had additional leases that had not commenced with future lease payments of $58.4 million. These leases will commence during 2026 with non-cancelable lease terms of two to fourteen years. Lessor Information We lease iTero intraoral scanners to customers which are classified as operating leases. Our portfolio of leased iTero scanners included in Property, plant and equipment, net are as follows:
|  | December 31,
|  | 2025 |  | 2024
Scanners under operating leases, gross |  | $ | 55,576 |  |  | $ | 33,770 |
Less: accumulated depreciation |  | (26,222) |  |  | (12,038) |
Scanners under operating leases, net |  | $ | 29,354 |  |  | $ | 21,732 |
As of December 31, 2025, the future lease payments due to us are as follows (in thousands):
Fiscal Year Ending December 31, |  |  |  | Operating Leases
2026 |  |  |  | $ | 33,898 |
2027 |  |  |  | 28,587 |
2028 |  |  |  | 8,736 |
2029 |  |  |  | 1,080 |
Thereafter |  |  |  | — |
Total lease payments |  |  |  | $ | 72,301 |
For the years ended December 31, 2025, 2024 and 2023, operating lease income was $28.8 million, $21.7 million and $16.6 million, respectively. Operating lease income is recorded in Net revenues in our Consolidated Statements of Operations.
Leases | Leases Lessee Information We have operating leases for our digital treatment planning and office facilities, retail spaces, vehicles and office equipment. The components of lease expense consist of following (in thousands):
|  | Year Ended December 31,
Lease Cost |  | 2025 |  | 2024 |  | 2023
Operating lease cost 1 |  | $ | 43,401 |  |  | $ | 42,299 |  |  | $ | 44,614 |
Variable lease cost 2 |  | 4,054 |  |  | 3,630 |  |  | 16,013 |
Total lease cost |  | $ | 47,455 |  |  | $ | 45,929 |  |  | $ | 60,627 |
1 Includes expense associated with short term leases, lease terms of 12 months or less, which is not material. 2 Includes payments related to agreements with embedded leases that are not otherwise reflected on the balance sheet. The following table provides a summary of our operating lease terms and discount rates:
|  |  |  | December 31,
Remaining Lease Term and Discount Rate |  |  |  | 2025 |  | 2024
Weighted average remaining lease term (in years) |  |  |  | 5.1 |  | 5.4
Weighted average discount rate |  |  |  | 4.1 | % |  | 3.8 | %
As of December 31, 2025, the future payments related to our operating lease liabilities are as follows (in thousands):
Fiscal Year Ending December 31, |  |  |  | Operating Leases
2026 |  |  |  | $ | 35,694 |
2027 |  |  |  | 29,595 |
2028 |  |  |  | 23,986 |
2029 |  |  |  | 15,564 |
2030 |  |  |  | 7,212 |
Thereafter |  |  |  | 13,060 |
Total lease payments |  |  |  | 125,111 |
Less: Imputed interest |  |  |  | (10,665) |
Total lease liabilities |  |  |  | $ | 114,446 |
As of December 31, 2025, we had additional leases that had not commenced with future lease payments of $58.4 million. These leases will commence during 2026 with non-cancelable lease terms of two to fourteen years. Lessor Information We lease iTero intraoral scanners to customers which are classified as operating leases. Our portfolio of leased iTero scanners included in Property, plant and equipment, net are as follows:
|  | December 31,
|  | 2025 |  | 2024
Scanners under operating leases, gross |  | $ | 55,576 |  |  | $ | 33,770 |
Less: accumulated depreciation |  | (26,222) |  |  | (12,038) |
Scanners under operating leases, net |  | $ | 29,354 |  |  | $ | 21,732 |
As of December 31, 2025, the future lease payments due to us are as follows (in thousands):
Fiscal Year Ending December 31, |  |  |  | Operating Leases
2026 |  |  |  | $ | 33,898 |
2027 |  |  |  | 28,587 |
2028 |  |  |  | 8,736 |
2029 |  |  |  | 1,080 |
Thereafter |  |  |  | — |
Total lease payments |  |  |  | $ | 72,301 |
For the years ended December 31, 2025, 2024 and 2023, operating lease income was $28.8 million, $21.7 million and $16.6 million, respectively. Operating lease income is recorded in Net revenues in our Consolidated Statements of Operations.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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