What is Alphatec Holdings, Inc.'s earnings per share (EPS)?

Alphatec Holdings, Inc. (ATEC) reported diluted earnings per share of -$0.96 for fiscal year 2025. This represents a 15.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Alphatec Holdings, Inc. (ATEC) Financials

ATEC

Trailing 12 months to June 30, 2026

Revenue $815.1M +19.5% YoY

Net Income -$110.0M +33.7% YoY

EPS (Diluted) -$0.72 +36.3% YoY

Free Cash Flow $2.3M +110.3% YoY

Market Cap $1.6B as of Oct 8, 2026

Price / Sales 2.0x on $815.1M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ATEC SEC filings page.

Alphatec Holdings, Inc. (ATEC) reported $815.1M in revenue over the twelve months to Jun 30, 2026, up 19.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ATEC FY2025 2026-10-03

By FY2025, rapid sales growth had turned operating cash flow positive, but heavy liabilities and reinvestment still leave little accounting profit.

Cash conversion changed materially: operating cash flow moved from -$44.7M in FY2024 to $45.2M in FY2025 even as the company reported a net loss of $143.4M. Depreciation and working-capital movements helped bridge that gap, while capital expenditures of $42.5M consumed nearly all operating cash, leaving free cash flow of just $2.8M.

Margin expansion reached the operating line: gross margin rose from 64.3% in FY2023 to 69.6% in FY2025, while the operating margin improved to -10.8%. The pattern indicates that improved gross economics and better cost absorption—not sales growth alone—are narrowing losses.

The balance sheet remains thinly capitalized: liabilities nearly match assets, leaving only a small equity cushion. Debt of $501.4M alongside a current ratio of 2.1x shows positive short-term coverage, but continued dependence on liability financing.

Financial Health Signals

Financial Health Score 35/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Alphatec Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Alphatec Holdings, Inc. has an operating margin of -10.8%, meaning the company loses $11 on every $100 of revenue. This results in a profitability score of 25/100. This is up from -22.3% the prior year.

Growth

Alphatec Holdings, Inc.'s revenue surged 25.0% year-over-year to $764.2M, reflecting rapid business expansion. This strong growth earns a score of 87/100.

Leverage

Alphatec Holdings, Inc. has elevated debt relative to equity (D/E of 40.35), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 1/100, reflecting increased financial risk.

Liquidity

Alphatec Holdings, Inc.'s current ratio of 2.06 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Alphatec Holdings, Inc. generated $45.2M in operating cash flow, capex of $42.5M consumed most of it, leaving $2.8M in free cash flow. This results in a low score of 10/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Alphatec Holdings, Inc. posts a -1153.7% return on equity (ROE), meaning it loses $1154 for every $100 of shareholders' equity. This results in a returns score of 29/100.

Altman Z-Score Distress

-0.31

Alphatec Holdings, Inc. scores -0.31, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.6B) relative to total liabilities ($778.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Alphatec Holdings, Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

N/A

Alphatec Holdings, Inc. reported a net loss of $143.4M while generating $45.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Alphatec Holdings, Inc. reported an operating loss of $82.1M against $45.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$213.5M

YoY+15.1%

QoQ+11.1%

5Y CAGR+28.0%

10Y CAGR+20.8%

Alphatec Holdings, Inc. generated $213.5M in revenue in Q2 2026. This represents an increase of 15.1% from the same quarter a year earlier. Against the prior quarter it is up 11.1%.

EBITDA

$13.3M

YoY+594.1%

QoQ+485.7%

Alphatec Holdings, Inc.'s EBITDA was $13.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 594.1% from the same quarter a year earlier. Against the prior quarter it is up 485.7%.

Net Income

-$25.8M

YoY+37.3%

QoQ+24.0%

Alphatec Holdings, Inc. reported -$25.8M in net income in Q2 2026. This represents an increase of 37.3% from the same quarter a year earlier. Against the prior quarter it is up 24.0%.

EPS (Diluted)

-$0.16

YoY+40.7%

QoQ+27.3%

Alphatec Holdings, Inc. earned -$0.16 per diluted share (EPS) in Q2 2026. This represents an increase of 40.7% from the same quarter a year earlier. Against the prior quarter it is up 27.3%.

Cash & Balance Sheet

Free Cash Flow

$582K

YoY-88.9%

QoQ+105.4%

10Y CAGR-20.6%

Alphatec Holdings, Inc. generated $582K in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 88.9% from the same quarter a year earlier. Against the prior quarter it is up 105.4%.

Cash & Debt

$118.7M

YoY-24.4%

QoQ-15.2%

5Y CAGR+9.2%

10Y CAGR+29.0%

Alphatec Holdings, Inc. held $118.7M in cash against $510.7M in long-term debt as of Q2 2026.

Shares Outstanding

154M

YoY+4.4%

QoQ0.0%

5Y CAGR+9.1%

10Y CAGR+4.2%

Alphatec Holdings, Inc. had 154M shares outstanding in Q2 2026. This represents an increase of 4.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

72.2%

YoY+2.6pp

QoQ+1.1pp

5Y change+6.2pp

10Y change+6.5pp

Alphatec Holdings, Inc.'s gross margin was 72.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Operating Margin

-0.9%

YoY+6.2pp

QoQ+10.9pp

5Y change+56.5pp

Alphatec Holdings, Inc.'s operating margin was -0.9% in Q2 2026, reflecting core business profitability. This is up 6.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.9 percentage points.

Net Margin

-12.1%

YoY+10.1pp

QoQ+5.6pp

5Y change+49.3pp

10Y change+4.2pp

Alphatec Holdings, Inc.'s net profit margin was -12.1% in Q2 2026, showing the share of revenue converted to profit. This is up 10.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.6 percentage points.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

R&D Spending

$18.2M

YoY-0.6%

QoQ+3.5%

5Y CAGR+18.3%

Alphatec Holdings, Inc. invested $18.2M in research and development in Q2 2026. This represents a decrease of 0.6% from the same quarter a year earlier. Against the prior quarter it is up 3.5%.

Capital Expenditures

$19.9M

YoY+93.0%

QoQ+64.8%

5Y CAGR-0.9%

10Y CAGR+17.4%

Alphatec Holdings, Inc. invested $19.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 93.0% from the same quarter a year earlier. Against the prior quarter it is up 64.8%.

Share Buybacks

Not reported for Q2 2026.

ATEC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ATEC quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$815.1M	$764.2M+25.0%	$611.6M+26.8%	$482.3M+37.4%	$350.9M+44.3%	$243.2M+67.9%	$144.9M+27.7%	$113.4M+23.7%	$91.7M-9.9%	$101.7M-15.4%	$120.2M-10.5%	$134.4M-13.1%	$154.6M-24.5%	$204.7M+4.3%	$196.3M-0.7%	$197.7M
Cost of Revenue	$237.7M	$232.3M+24.0%	$187.3M+8.9%	$172.1M+46.1%	$117.8M+37.9%	$85.5M+101.7%	$42.4M+18.2%	$35.8M+25.9%	$28.5M-15.1%	$33.5M-24.0%	$44.1M-4.9%	$46.4M+3.1%	$45.0M-42.9%	$78.7M+11.2%	$70.8M-10.6%	$79.2M
Gross Profit	$577.4M	$531.9M+25.4%	$424.3M+36.8%	$310.2M+33.1%	$233.1M+47.7%	$157.8M+53.9%	$102.5M+32.1%	$77.6M+22.7%	$63.2M-7.3%	$68.2M-10.4%	$76.1M-13.5%	$88.0M-19.7%	$109.7M-11.8%	$124.3M+0.4%	$123.8M+5.8%	$116.9M
R&D Expenses	$77.1M	$76.3M-5.5%	$80.7M+15.1%	$70.1M+59.2%	$44.0M+37.5%	$32.0M+70.8%	$18.7M+35.4%	$13.8M+40.6%	$9.9M+100.3%	$4.9M-46.8%	$9.2M-47.9%	$17.8M+5.8%	$16.8M+18.4%	$14.2M-4.7%	$14.9M-11.9%	$16.9M
SG&A Expenses	$524.1M	$498.5M+10.7%	$450.2M+20.3%	$374.1M+24.7%	$300.0M+30.9%	$229.3M+77.5%	$129.2M+27.0%	$101.7M+40.0%	$72.6M+3.8%	$70.0M+165.6%	$26.3M-6.4%	$28.1M-17.4%	$34.0M-29.0%	$47.9M+20.1%	$39.9M+9.8%	$36.4M
Operating Income	-$49.2M	-$82.1M+39.7%	-$136.2M+21.5%	-$173.4M-18.0%	-$147.0M-14.8%	-$128.1M-117.6%	-$58.9M-24.5%	-$47.3M-110.7%	-$22.4M-149.3%	-$9.0M+41.5%	-$15.4M+91.3%	-$175.9M-11942.0%	$1.5M+102.0%	-$73.4M-646.5%	-$9.8M+59.9%	-$24.5M
EBITDA	N/A	-$4.6M+92.0%	-$57.8M+50.7%	-$117.3M-10.8%	-$105.8M-4.4%	-$101.3M-111.4%	-$47.9M-20.7%	-$39.7M-153.6%	-$15.7M-928.3%	-$1.5M+49.5%	-$3.0M+98.1%	-$156.8M-889.2%	$19.9M+142.1%	-$47.2M-437.9%	$14.0M+400.8%	-$4.6M
Interest Expense	$48.5M	$45.9M+84.6%	$24.9M+49.5%	$16.6M+202.3%	$5.5M-22.6%	$7.1M-42.6%	$12.4M+25.4%	$9.9M+38.2%	$7.1M-6.3%	$7.6M+41.9%	$5.4M+34.2%	$4.0M+32.4%	$3.0M-23.7%	$4.0M-35.2%	$6.1M+101.7%	$3.0M
Income Tax	$262K	-$45K-190.0%	$50K+118.1%	-$277K+61.3%	-$716K+36.6%	-$1.1M-879.3%	$145K+160.7%	-$239K+82.4%	-$1.4M-3902.9%	-$34K+99.3%	-$4.6M-304.4%	-$1.1M-381.6%	$407K-87.2%	$3.2M+374.3%	-$1.2M+74.3%	-$4.5M
Net Income	-$110.0M	-$143.4M+11.6%	-$162.1M+13.1%	-$186.6M-23.4%	-$151.3M-5.8%	-$143.0M-81.1%	-$79.0M-38.6%	-$57.0M-96.7%	-$29.0M-1163.1%	-$2.3M+92.3%	-$29.9M+83.3%	-$178.7M-1287.0%	-$12.9M+84.3%	-$82.2M-431.9%	-$15.5M+30.3%	-$22.2M
EPS (Basic)	N/A	-$0.96+15.0%	-$1.13+26.6%	-$1.54-5.5%	-$1.46+2.0%	-$1.49-26.3%	-$1.18	N/A	-$1.20-566.7%	-$0.18+94.8%	-$3.49+83.8%	-$21.53-1254.1%	-$1.59-87.1%	-$0.85-400.0%	-$0.17	N/A
EPS (Diluted)	-$0.72	-$0.96+15.0%	-$1.13+26.6%	-$1.54-5.5%	-$1.46+2.0%	-$1.49-26.3%	-$1.18	N/A	-$1.20	-$1.08	-$3.49	-$21.53-1033.2%	-$1.90	-$0.85-400.0%	-$0.17	N/A
Diluted Shares (Avg)	N/A	150M+5.0%	143M+17.9%	121M+17.3%	103M+7.5%	96M+43.5%	67M	N/A	35M	13M	9M	8M+1.9%	8M	96M+6.7%	90M+1.6%	89M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$213.5M+15.1%	$192.1M+13.6%	$212.9M+20.4%	$196.5M+30.4%	$185.5M+27.5%	$169.2M+22.2%	$176.8M+28.1%	$150.7M+27.4%
Cost of Revenue	$59.4M+5.3%	$55.6M+4.6%	$63.4M+14.9%	$59.2M+23.4%	$56.4M+31.3%	$53.2M+29.3%	$55.2M+29.0%	$48.0M+25.6%
Gross Profit	$154.1M+19.4%	$136.5M+17.7%	$149.5M+22.9%	$137.3M+33.7%	$129.1M+25.8%	$116.0M+19.2%	$121.6M+27.7%	$102.7M+28.3%
R&D Expenses	$18.2M-0.6%	$17.6M+5.9%	$22.7M-2.2%	$18.7M-8.2%	$18.3M-4.3%	$16.6M-7.9%	$23.2M+4.3%	$20.4M+1.8%
SG&A Expenses	$134.0M+13.1%	$137.1M+7.9%	$128.7M+12.2%	$124.3M+13.8%	$118.5M+5.1%	$127.0M+11.8%	$114.7M+10.1%	$109.2M+19.5%
Operating Income	-$1.9M+85.4%	-$22.6M+49.0%	-$8.8M+63.0%	-$15.9M+52.7%	-$13.1M+62.9%	-$44.3M-2.2%	-$23.8M+46.9%	-$33.7M+12.1%
EBITDA	$13.3M+594.1%	-$3.4M+85.9%	$18.9M+317.9%	-$1.0M+94.0%	$1.9M+109.8%	-$24.4M+4.2%	$4.5M+115.9%	-$17.2M+27.7%
Interest Expense	$11.0M-10.9%	$11.7M+49.5%	$12.9M+80.3%	$12.9M+96.0%	$12.3M+111.7%	$7.8M+46.8%	$7.2M+61.9%	$6.6M+47.4%
Income Tax	$156K+521.6%	$50K+178.1%	-$18K-104.1%	$74K+305.6%	-$37K+87.1%	-$64K+7.2%	$441K+455.6%	-$36K+69.2%
Net Income	-$25.8M+37.3%	-$33.9M+34.7%	-$21.7M+34.8%	-$28.6M+27.9%	-$41.1M-1.1%	-$51.9M-7.0%	-$33.3M+32.1%	-$39.6M+7.1%
EPS (Basic)	-$0.16+40.7%	-$0.22+37.1%	-$0.15+34.8%	-$0.19+32.1%	-$0.27+6.9%	-$0.35-2.9%	-$0.23+36.1%	-$0.28+20.0%
EPS (Diluted)	-$0.16+40.7%	-$0.22+37.1%	-$0.15+34.8%	-$0.19+32.1%	-$0.27+6.9%	-$0.35-2.9%	-$0.23+36.1%	-$0.28+20.0%
Diluted Shares (Avg)	157M+4.4%	154M+5.0%	N/A	151M+5.5%	150M+5.1%	147M+4.1%	N/A	143M+17.2%

ATEC Balance Sheet

ATEC quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$791.2M+2.0%	$775.7M-3.7%	$805.2M+54.6%	$521.0M-8.9%	$572.1M+119.0%	$261.2M+53.7%	$169.9M+31.3%	$129.5M+52.9%	$84.7M-10.1%	$94.2M-35.6%	$146.3M-57.6%	$344.9M-5.7%	$365.6M-4.3%	$382.1M+4.2%	$366.7M
Current Assets	$450.9M+8.0%	$417.4M-7.5%	$451.1M+76.5%	$255.6M-22.8%	$331.2M+79.8%	$184.2M+70.0%	$108.3M+43.4%	$75.5M+13.6%	$66.5M-8.7%	$72.8M-28.2%	$101.5M-10.3%	$113.1M-0.6%	$113.7M-6.8%	$122.1M+4.8%	$116.4M
Cash & Equivalents	$160.8M+15.8%	$138.8M-37.2%	$221.0M+160.9%	$84.7M-54.8%	$187.2M+73.8%	$107.8M+128.7%	$47.1M+62.2%	$29.1M+29.3%	$22.5M+14.7%	$19.6M+74.5%	$11.2M-43.1%	$19.7M-7.5%	$21.3M-4.0%	$22.2M+7.6%	$20.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$169.4M-3.3%	$175.3M+28.1%	$136.8M+34.8%	$101.5M+10.7%	$91.7M+99.4%	$46.0M+32.0%	$34.9M+21.2%	$28.8M+5.4%	$27.3M-9.3%	$30.1M-7.8%	$32.6M-21.8%	$41.7M-0.5%	$41.9M-15.9%	$49.9M+8.6%	$45.9M
Accounts Receivable	$97.3M+17.3%	$83.0M+14.3%	$72.6M+20.9%	$60.1M+43.4%	$41.9M+78.1%	$23.5M+45.7%	$16.1M+7.0%	$15.1M+1.8%	$14.8M-19.9%	$18.5M-31.1%	$26.9M-33.6%	$40.4M-2.3%	$41.4M+0.9%	$41.0M-1.7%	$41.7M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$75.2M+6.0%	$71.0M-2.8%	$73.0M+54.1%	$47.4M+19.3%	$39.7M+185.6%	$13.9M0.0%	$13.9M0.0%	$13.9M	N/A	$0	$0-100.0%	$171.3M-6.4%	$183.0M+1.2%	$180.8M+7.3%	$168.6M
Total Liabilities	$778.8M-1.4%	$789.9M+8.6%	$727.1M+30.9%	$555.6M+13.1%	$491.4M+274.1%	$131.3M+4.0%	$126.3M+12.9%	$111.9M+0.5%	$111.3M-18.0%	$135.7M-25.8%	$182.9M-6.7%	$196.0M+1.0%	$194.0M+42.3%	$136.3M+12.3%	$121.4M
Current Liabilities	$219.2M+43.2%	$153.0M-2.9%	$157.6M+13.5%	$138.9M+37.4%	$101.1M+73.4%	$58.3M+60.2%	$36.4M+18.9%	$30.6M+2.9%	$29.7M-25.9%	$40.1M-67.9%	$125.0M+96.6%	$63.6M-20.2%	$79.7M+40.4%	$56.8M-0.6%	$57.1M
Non-Current Liabilities	$559.6M-12.1%	$636.9M+11.8%	$569.5M+36.7%	$416.8M+6.8%	$390.3M+434.4%	$73.0M-18.8%	$89.9M+10.6%	$81.3M-0.3%	$81.6M-14.6%	$95.6M+65.1%	$57.9M-56.3%	$132.4M+15.9%	$114.2M+43.7%	$79.5M+23.8%	$64.2M
Long-Term Debt	$501.4M-12.7%	$574.5M+12.4%	$511.0M+46.2%	$349.5M+7.1%	$326.5M+759.2%	$38.0M-28.9%	$53.4M+26.4%	$42.3M+12.0%	$37.8M-12.4%	$43.1M+8877.5%	$480K-99.4%	$74.6M+49.3%	$50.0M+25.0%	$40.0M+67.9%	$23.8M
Total Equity	$12.4M+187.7%	-$14.2M-118.1%	$78.1M+325.3%	-$34.7M-143.0%	$80.7M-37.9%	$129.9M+197.7%	$43.6M+148.3%	$17.6M+165.9%	-$26.7M+35.8%	-$41.5M-13.5%	-$36.6M-124.6%	$149.0M-13.2%	$171.7M-30.2%	$245.8M+0.2%	$245.3M
Retained Earnings	-$1.4B-11.2%	-$1.3B-14.5%	-$1.1B-20.0%	-$932.3M-19.4%	-$781.0M-22.4%	-$638.0M-14.1%	-$558.9M-11.4%	-$501.9M-9.2%	-$459.5M-0.5%	-$457.2M-7.0%	-$427.2M-71.9%	-$248.6M-5.5%	-$235.7M-53.6%	-$153.5M-11.2%	-$138.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$791.0M+0.1%	$799.5M+1.8%	$791.2M+2.0%	$787.2M+5.5%	$790.3M+2.8%	$785.5M+1.4%	$775.7M-3.7%	$745.9M+11.3%
Current Assets	$449.0M+1.3%	$456.2M+4.9%	$450.9M+8.0%	$439.8M+21.3%	$443.3M+17.7%	$434.9M+7.3%	$417.4M-7.5%	$362.4M+8.7%
Cash & Equivalents	$118.7M-24.4%	$139.9M-8.7%	$160.8M+15.8%	$155.7M+92.3%	$157.1M+57.3%	$153.2M+6.4%	$138.8M-37.2%	$81.0M-33.9%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$194.9M+14.8%	$186.0M+8.9%	$169.4M-3.3%	$166.9M-8.9%	$169.8M-1.5%	$170.9M+11.7%	$175.3M+28.1%	$183.1M+40.1%
Accounts Receivable	$110.1M+14.8%	$106.4M+18.9%	$97.3M+17.3%	$96.8M+23.4%	$95.9M+14.2%	$89.5M+0.9%	$83.0M+14.3%	$78.5M+21.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$74.2M-1.4%	$74.5M+3.0%	$75.2M+6.0%	$75.2M+2.5%	$75.2M+4.5%	$72.3M+0.1%	$71.0M-2.8%	$73.4M+2.6%
Total Liabilities	$803.1M+4.8%	$804.8M-7.6%	$778.8M-1.4%	$775.7M+3.8%	$766.5M+2.0%	$871.4M+18.2%	$789.9M+8.6%	$747.3M+4.6%
Current Liabilities	$238.0M+54.3%	$240.2M+52.2%	$219.2M+43.2%	$220.8M+41.4%	$154.2M-9.0%	$157.9M-6.7%	$153.0M-2.9%	$156.2M+5.5%
Non-Current Liabilities	$565.1M-7.7%	$564.6M-20.9%	$559.6M-12.1%	$554.9M-6.1%	$612.3M+5.2%	$713.5M+25.7%	$636.9M+11.8%	$591.0M+4.4%
Long-Term Debt	$510.7M-7.5%	$507.9M-7.0%	$501.4M-12.7%	$495.0M-5.9%	$552.0M+6.8%	$545.8M+6.6%	$574.5M+12.4%	$525.9M+3.8%
Total Equity	-$12.1M-150.8%	-$5.3M+93.8%	$12.4M+187.7%	$11.5M+944.8%	$23.8M+38.9%	-$85.9M-328.9%	-$14.2M-118.1%	-$1.4M+96.9%
Retained Earnings	-$1.5B-8.0%	-$1.5B-9.4%	-$1.4B-11.2%	-$1.4B-12.4%	-$1.4B-13.7%	-$1.3B-14.2%	-$1.3B-14.5%	-$1.2B-16.6%

ATEC Cash Flow Statement

ATEC quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$56.5M	$45.2M+201.3%	-$44.7M+43.1%	-$78.5M-4.5%	-$75.1M-2.5%	-$73.3M-58.0%	-$46.4M-40.1%	-$33.1M-29.3%	-$25.6M-193.4%	-$8.7M+12.4%	-$10.0M-198.4%	$10.1M+149.9%	-$20.3M-359.7%	$7.8M-32.7%	$11.6M-13.5%	$13.4M
Depreciation & Amortization	N/A	$77.5M-1.2%	$78.4M+39.7%	$56.1M+36.4%	$41.2M+53.9%	$26.8M+144.4%	$10.9M+44.5%	$7.6M+11.6%	$6.8M-9.3%	$7.5M-39.5%	$12.4M-35.0%	$19.0M+3.5%	$18.4M-30.0%	$26.3M+10.4%	$23.8M+19.7%	$19.9M
Stock-Based Compensation	N/A	$73.7M+0.6%	$73.3M-9.8%	$81.2M+100.3%	$40.6M+11.3%	$36.5M+106.4%	$17.7M+61.2%	$11.0M+106.6%	$5.3M+33.2%	$4.0M+144.8%	$1.6M-38.5%	$2.6M-42.0%	$4.6M+11.7%	$4.1M+10.5%	$3.7M+52.2%	$2.4M
Capital Expenditures	$54.2M	$42.5M-49.0%	$83.2M+3.4%	$80.5M+62.8%	$49.5M-27.9%	$68.5M+196.3%	$23.1M+77.5%	$13.0M+100.1%	$6.5M-14.2%	$7.6M-14.6%	$8.9M-27.4%	$12.2M+8.4%	$11.3M-21.3%	$14.4M-8.3%	$15.6M+90.7%	$8.2M
Free Cash Flow	$2.3M	$2.8M+102.2%	-$127.9M+19.6%	-$159.0M-27.6%	-$124.6M+12.2%	-$141.9M-104.0%	-$69.5M-50.7%	-$46.2M-43.7%	-$32.1M-96.8%	-$16.3M+13.4%	-$18.9M-788.2%	-$2.1M+93.3%	-$31.6M-382.4%	-$6.5M-61.5%	-$4.1M-177.9%	$5.2M
Investing Cash Flow	-$72.2M	-$53.4M+42.7%	-$93.1M+34.4%	-$142.0M-143.6%	-$58.3M+63.1%	-$157.8M-561.2%	-$23.9M-83.1%	-$13.0M+39.9%	-$21.7M-233.6%	-$6.5M-110.5%	$62.0M+605.9%	-$12.2M-11.3%	-$11.0M+42.4%	-$19.1M+1.5%	-$19.4M-103.8%	-$9.5M
Financing Cash Flow	-$22.4M	$30.0M-46.6%	$56.2M-84.3%	$356.9M+1042.9%	$31.2M-90.0%	$312.0M+138.5%	$130.8M+103.8%	$64.2M+19.1%	$53.9M+202.4%	$17.8M+141.1%	-$43.4M-564.3%	-$6.5M-121.3%	$30.7M+187.6%	$10.7M+26.1%	$8.5M+222.6%	-$6.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$25.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$20.5M+31.9%	$1.3M+125.6%	$20.7M+96.5%	$14.0M+362.8%	$15.5M+236.5%	-$5.0M+86.9%	$10.5M+142.1%	-$5.3M+69.1%
Depreciation & Amortization	$15.2M+1.3%	$19.1M-3.9%	$19.1M-4.5%	$14.9M-9.7%	$15.0M-4.5%	$19.9M+11.3%	$20.0M+24.9%	$16.5M+13.2%
Stock-Based Compensation	$18.1M+16.1%	$23.7M+6.0%	N/A	$16.4M-6.2%	$15.6M-7.9%	$22.3M+28.8%	N/A	$17.5M-13.0%
Capital Expenditures	$19.9M+93.0%	$12.1M+21.7%	$13.0M+556.4%	$9.2M-41.7%	$10.3M-69.7%	$9.9M-68.3%	$2.0M-92.3%	$15.8M-18.3%
Free Cash Flow	$582K-88.9%	-$10.8M+27.9%	$7.7M-9.7%	$4.8M+122.7%	$5.2M+111.5%	-$15.0M+78.5%	$8.5M+116.9%	-$21.2M+42.2%
Investing Cash Flow	-$22.7M-86.6%	-$19.9M-71.3%	-$15.7M-320.0%	-$13.9M+30.1%	-$12.2M+66.1%	-$11.6M+65.5%	-$3.7M+86.7%	-$19.9M+7.0%
Financing Cash Flow	-$19.5M-5435.5%	-$1.8M-105.8%	$206K-99.6%	-$1.3M-119.6%	$366K-88.7%	$30.8M+803.9%	$50.6M-66.6%	$6.7M-88.9%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

ATEC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ATEC quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	69.6%+0.2pp	69.4%+5.0pp	64.3%-2.1pp	66.4%+1.5pp	64.9%-5.9pp	70.8%+2.3pp	68.4%-0.6pp	69.0%+1.9pp	67.1%+3.7pp	63.3%-2.2pp	65.5%-5.4pp	70.9%+10.2pp	60.7%-2.3pp	63.1%+3.9pp	59.1%
Operating Margin	-10.8%+11.5pp	-22.3%+13.7pp	-35.9%+5.9pp	-41.9%+10.8pp	-52.6%-12.0pp	-40.6%+1.1pp	-41.7%-17.2pp	-24.5%-15.6pp	-8.8%+3.9pp	-12.8%	-130.9%	1.0%+36.8pp	-35.9%-30.9pp	-5.0%+7.4pp	-12.4%
Net Margin	-18.8%+7.8pp	-26.5%+12.2pp	-38.7%+4.4pp	-43.1%+15.7pp	-58.8%-4.3pp	-54.5%-4.3pp	-50.2%-18.6pp	-31.6%-29.3pp	-2.3%+22.6pp	-24.9%	-133.0%	-8.3%+31.8pp	-40.2%-32.3pp	-7.9%+3.3pp	-11.2%
Return on Equity	-1153.7%	N/A	-238.9%	N/A	-177.3%-116.5pp	-60.8%+69.8pp	-130.7%+34.2pp	-164.9%	N/A	N/A	N/A	-8.6%+39.2pp	-47.9%-41.6pp	-6.3%+2.7pp	-9.0%
Return on Assets	-18.1%+2.8pp	-20.9%+2.3pp	-23.2%+5.9pp	-29.0%-4.0pp	-25.0%+5.2pp	-30.2%+3.3pp	-33.5%-11.2pp	-22.4%-19.7pp	-2.7%+29.1pp	-31.8%+90.3pp	-122.1%-118.4pp	-3.7%+18.8pp	-22.5%-18.4pp	-4.0%+2.0pp	-6.0%
Current Ratio	2.06-0.7x	2.73-0.1x	2.86+1.0x	1.84-1.4x	3.28+0.1x	3.16+0.2x	2.98+0.5x	2.47+0.2x	2.24+0.4x	1.81+1.0x	0.81-1.0x	1.78+0.4x	1.43-0.7x	2.15+0.1x	2.04
Debt-to-Equity	40.35	N/A	6.54	N/A	4.05+3.8x	0.29-0.9x	1.23-1.2x	2.41	N/A	N/A	N/A	0.50+0.2x	0.29+0.1x	0.16+0.1x	0.10
Asset Turnover	0.97+0.2x	0.79+0.2x	0.60-0.1x	0.67+0.2x	0.43-0.1x	0.55-0.1x	0.670.0x	0.71-0.5x	1.20-0.1x	1.28+0.4x	0.92+0.5x	0.45-0.1x	0.560.0x	0.510.0x	0.54
FCF Margin	0.4%+21.3pp	-20.9%+12.1pp	-33.0%+2.5pp	-35.5%+22.8pp	-58.3%-10.3pp	-48.0%-7.3pp	-40.7%-5.7pp	-35.0%-19.0pp	-16.1%-0.4pp	-15.7%-14.1pp	-1.6%+18.8pp	-20.4%-17.2pp	-3.2%-1.1pp	-2.1%-4.7pp	2.6%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	72.2%+2.6pp	71.0%+2.5pp	70.2%+1.4pp	69.9%+1.7pp	69.6%-0.9pp	68.6%-1.7pp	68.8%-0.2pp	68.2%+0.5pp
Operating Margin	-0.9%+6.2pp	-11.8%+14.4pp	-4.1%+9.3pp	-8.1%+14.2pp	-7.0%+17.2pp	-26.2%+5.1pp	-13.5%+19.0pp	-22.4%+10.1pp
Net Margin	-12.1%+10.1pp	-17.6%+13.0pp	-10.2%+8.7pp	-14.5%+11.7pp	-22.2%+5.8pp	-30.7%+4.3pp	-18.9%+16.7pp	-26.3%+9.8pp
Return on Equity	N/A	N/A	-174.9%	-248.4%	-173.1%+64.7pp	N/A	N/A	N/A
Return on Assets	-3.3%+2.0pp	-4.2%+2.4pp	-2.8%+1.5pp	-3.6%+1.7pp	-5.2%+0.1pp	-6.6%-0.4pp	-4.3%+1.8pp	-5.3%+1.1pp
Current Ratio	1.89-1.0x	1.90-0.9x	2.06-0.7x	1.99-0.3x	2.88+0.7x	2.75+0.4x	2.73-0.1x	2.32+0.1x
Debt-to-Equity	N/A	N/A	40.35	43.02	23.22-7.0x	N/A	N/A	N/A
Asset Turnover	0.270.0x	0.240.0x	0.270.0x	0.250.0x	0.230.0x	0.220.0x	0.23+0.1x	0.200.0x
FCF Margin	0.3%-2.5pp	-5.6%+3.2pp	3.6%-1.2pp	2.5%+16.5pp	2.8%+34.1pp	-8.8%+41.5pp	4.8%+41.6pp	-14.1%+16.9pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Alphatec Holdings, Inc. ATEC	FY2025	$764.2M	-$143.4M	-18.8%	$1.6B	35/100
Inspire Medical Systems, Inc. INSP	FY2025	$912.0M	$145.4M	16.0%	$2.0B	64/100
PROCEPT BioRobotics Corporation PRCT	FY2025	$308.1M	-$96K	0.0%	$1.0B	54/100
Haemonetics Corporation HAE	FY2026	$1.3B	$97K	0.0%	$4.6B	58/100
QuidelOrtho Corporation QDEL	FY2025	$2.7B	-$1.1B	-41.4%	$844.2M	23/100
LivaNova PLC LIVN	FY2025	$1.4B	-$242.5M	-17.5%	$4.2B	59/100

Where Alphatec Holdings, Inc. Ranks

Frequently Asked Questions

What is Alphatec Holdings, Inc.'s annual revenue?

Alphatec Holdings, Inc. (ATEC) reported $764.2M in total revenue for fiscal year 2025. This represents a 25.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Alphatec Holdings, Inc.'s revenue growing?

Alphatec Holdings, Inc. (ATEC) revenue grew by 25.0% year-over-year, from $611.6M to $764.2M in fiscal year 2025.

Is Alphatec Holdings, Inc. profitable?

No, Alphatec Holdings, Inc. (ATEC) reported a net income of -$143.4M in fiscal year 2025, with a net profit margin of -18.8%.

What is Alphatec Holdings, Inc.'s EBITDA?

Alphatec Holdings, Inc. (ATEC) had EBITDA of -$4.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Alphatec Holdings, Inc. have?

As of fiscal year 2025, Alphatec Holdings, Inc. (ATEC) had $160.8M in cash and equivalents against $501.4M in long-term debt.

What is Alphatec Holdings, Inc.'s gross margin?

Alphatec Holdings, Inc. (ATEC) had a gross margin of 69.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Alphatec Holdings, Inc.'s operating margin?

Alphatec Holdings, Inc. (ATEC) had an operating margin of -10.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Alphatec Holdings, Inc.'s net profit margin?

Alphatec Holdings, Inc. (ATEC) had a net profit margin of -18.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Alphatec Holdings, Inc.'s return on equity (ROE)?

Alphatec Holdings, Inc. (ATEC) has a return on equity of -1153.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Alphatec Holdings, Inc.'s free cash flow?

Alphatec Holdings, Inc. (ATEC) generated $2.8M in free cash flow during fiscal year 2025. This represents a 102.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Alphatec Holdings, Inc.'s operating cash flow?

Alphatec Holdings, Inc. (ATEC) generated $45.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Alphatec Holdings, Inc.'s total assets?

Alphatec Holdings, Inc. (ATEC) had $791.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Alphatec Holdings, Inc.'s capital expenditures?

Alphatec Holdings, Inc. (ATEC) invested $42.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Alphatec Holdings, Inc. spend on research and development?

Alphatec Holdings, Inc. (ATEC) invested $76.3M in research and development during fiscal year 2025.

How many shares does Alphatec Holdings, Inc. have outstanding?

Alphatec Holdings, Inc. (ATEC) had 151M shares outstanding as of fiscal year 2025.

What is Alphatec Holdings, Inc.'s current ratio?

Alphatec Holdings, Inc. (ATEC) had a current ratio of 2.06 as of fiscal year 2025, which is generally considered healthy.

What is Alphatec Holdings, Inc.'s debt-to-equity ratio?

Alphatec Holdings, Inc. (ATEC) had a debt-to-equity ratio of 40.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Alphatec Holdings, Inc.'s return on assets (ROA)?

Alphatec Holdings, Inc. (ATEC) had a return on assets of -18.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Alphatec Holdings, Inc.'s P/E ratio?

Alphatec Holdings, Inc. (ATEC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $1.6B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Alphatec Holdings, Inc.'s price-to-sales ratio?

Alphatec Holdings, Inc. (ATEC) trades at 2.0x sales, its market capitalization divided by revenue of $815.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.6B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Alphatec Holdings, Inc.'s Altman Z-Score?

Alphatec Holdings, Inc. (ATEC) has an Altman Z-Score of -0.31, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Alphatec Holdings, Inc.'s Piotroski F-Score?

Alphatec Holdings, Inc. (ATEC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Alphatec Holdings, Inc.'s earnings high quality?

Alphatec Holdings, Inc. (ATEC) reported a net loss of $143.4M while generating $45.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Alphatec Holdings, Inc. cover its interest payments?

Alphatec Holdings, Inc. (ATEC) reported an operating loss of $82.1M against $45.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Alphatec Holdings, Inc.?

Alphatec Holdings, Inc. (ATEC) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.