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Alphatec Holdings, Inc.(ATEC)Earnings, Financials & Key Ratios
ATEC•NASDAQ
$9.38
Price updated Jul 7, 2026
AboutAlphatec Holdings, Inc., a medical technology company, designs, develops, and advances technologies for the surgical treatment of spinal disorders. The company offers SafeOp Neural InformatiX System, an Alpha InformatiX product platform designed to reduce the risk of intraoperative nerve injury; Sigma transforaminal lumbar interbody fusion pedicle-based access system that provides direct visualization of anatomical landmarks; Sigma PTP Access and Patient Positioning System; squadron lateral retractor designed to maximize patient outcomes; Invictus Spinal Fixation System, a thoracolumbar fixation system to treat a range of pathologies; and Invictus MIS SingleStep System that provides minimally invasive pedicle screw placement. It also provides Invictus Modular Fixation Systems designed to increase adaptability with the power of screw modularity; OsseoScrew system to restore the integrity of the spinal column; Arsenal spinal fixation system, a comprehensive thoracolumbar fixation platform to fix a range of degenerative to deformity pathologies and surgical procedures; Aspida Anterior Lumbar Plating System, a fixation system for anterior lumbar interbody fusion; AMP Anti-Migration Plate; OCT Spinal Fixation System; trestle luxe anterior cervical plate system; and Insignia Anterior Cervical Plate System. In addition, the company offers IdentiTi Porous Ti, Transcend Lateral, and Battalion Posterior Interbody Implants; and biologics consisting of Cervical Structural Allograft Spacers, 3D ProFuse Demineralized Bone Scaffold, Neocore Osteoconductive Matrix, Alphagraft Demineralized and Cellular Bone Matrix, and Amnioshield Amniotic Tissue Barrier, as well as EOS imaging products. It sells its products through a network of independent distributors and direct sales representatives in the United States. The company was founded in 1990 and is headquartered in Carlsbad, California.Show more
- Revenue$764M+25.0%
- EBITDA$435K+100.8%
- Net Income-$143M+11.6%
- EPS (Diluted)-0.96+15.0%
- Gross Margin69.6%+0.3%
- EBITDA Margin0.06%+100.7%
- Operating Margin-10.75%+51.7%
- Net Margin-18.76%+29.2%
- ROE-630.66%-116.2%
ATEC Price & Volume
Alphatec Holdings, Inc. (ATEC) stock price & volume — 10-year historical chart
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Aggressive Revenue Growth Faces Structural Leverage Constraints
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Negative
Financial:Strained
Cash Flow:Improving
Primary Risk:High leverage and insolvency
Key Thesis Takeaways
- Alphatec Holdings demonstrates robust top-line momentum with year-over-year revenue growth consistently exceeding 20%, driven by its proceduralization strategy in the competitive spine market.
- However, the company faces significant fundamental headwinds, including persistent operating losses and a debt-to-equity ratio that has surged to 33.03 as of 2026Q1.
- Investors should monitor whether the recent shift toward positive free cash flow, reaching $9.6 million in 2025Q4, can be sustained to offset the ongoing reliance on stock-based compensation and high leverage.
Verdict Logic
while revenue growth is compelling, the company's precarious balance sheet and reliance on $19.4 million in quarterly stock-based compensation to mask net losses of $21.7 million in 2025Q4 warrant a cautious approach.
ATEC Growth Metrics
Alphatec Holdings, Inc. (ATEC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years15.22%
5 Years39.46%
3 Years29.62%
TTM-7.36%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM24.27%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM27.83%
Return on Capital
10 Years-30.18%
5 Years-28.22%
3 Years-22.95%
Last Year-13.75%
ATEC Recent Earnings
Alphatec Holdings, Inc. (ATEC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.22-2100.0%
$0.01
Rev
$192M-2.7%
$198M
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$0.06+50.0%
$0.04
Rev
$213M+0.7%
$212M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.03+200.0%
$0.03
Rev
$197M-6.1%
$209M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.02+133.3%
$0.06
Rev
$186M+1.6%
$183M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.22vs $0.01-2100.0% | $192Mvs $198M-2.7% |
| Q1 2026 | Feb 24, 2026 | $0.06vs $0.04+50.0% | $213Mvs $212M+0.7% |
| Q4 2025 | Oct 30, 2025 | $0.03vs $0.03+200.0% | $197Mvs $209M-6.1% |
| Q3 2025 | Jul 31, 2025 | $0.02vs $0.06+133.3% | $186Mvs $183M+1.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Alphatec Holdings, Inc. (ATEC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $9.38 | $1.42B | -9.77 | 24.95% | -18.76% | -630.66% | — | |
| $123.77 | $9.1B | -21.16 | — | — | -42.78% | — | |
| $0.42 | $58.84M | 13.98 | 14.21% | 1.5% | 3.68% | — | |
| $78.83 | $10.63B | 20.11 | 16.65% | 18.92% | 13.04% | — | |
| $313.38 | $120.14B | 37.31 | 11.16% | 13.21% | 15.1% | — | |
| $89.41 | $17.51B | 25.19 | 7.2% | 9.05% | 5.77% | — |
Compare ATEC vs Peers
Alphatec Holdings, Inc. (ATEC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ATEC SEC Filings & Documents
Alphatec Holdings, Inc. (ATEC) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ATEC Frequently Asked Questions
Alphatec Holdings, Inc. (ATEC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Alphatec Holdings, Inc.'s revenue?
Alphatec Holdings, Inc. (ATEC) reported $595.0M in revenue for fiscal year 2025. This represents a 3239% increase from $17.8M in 2004.
How fast is Alphatec Holdings, Inc. growing?
Alphatec Holdings, Inc. (ATEC) grew revenue by 25.0% over the past year. This is strong growth.
Is ATEC profitable?
Alphatec Holdings, Inc. (ATEC) reported a net loss of $125.4M for fiscal year 2025.
Dividend & Returns
What is ATEC's return on equity?
Alphatec Holdings, Inc. (ATEC) has a return on equity (ROE) of -630.7%. Negative ROE indicates the company is unprofitable.
What is Alphatec Holdings, Inc.'s free cash flow?
Alphatec Holdings, Inc. (ATEC) generated $6.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.