Saturday 17 October 2026 Export ATEC’s income statement to Excel — free account

Alphatec Holdings, Inc.

Alphatec Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $764.2 million, up 25.0% from fiscal 2024. In the quarter to June 2026, revenue grew 15.1%, EPS grew 40.7%, free cash flow fell 146.9% and total debt fell 7.79%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

10.45 0.48 −4.39%

Follow ATEC

Alert me

Market cap: $1.7B
P/E: 0.0×
Fwd P/E: −16.4×
Dividend yield: —
F-score: 6/9
Altman Z: 0.89
Beneish M: −3.43
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 2.01

Total sells 92.64

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	—	1	—
Sell	12	13	1	2	5	—	—	1	—	1	—	—

Insider Ownership 22.86%

Capital & Financial Ratios $m

Market Cap 1,690.00

Revenue 815.05

Net Income (109.99)

Free Cash Flow (5.74)

Net Debt 392.08

Current Ratio 1.89

Debt/Equity (42.32)

P/E ratio 0.00

Fwd P/E (16.40)

P/S ratio 2.01

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 553.31%

Next Y EPS Growth 86.61%

Next Y revenue growth 15.43%

Next 5Y EPS Growth 160.23%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 39.18%

10-year low 10-year high

EV/Sales against its own 10 years 41.39%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	221	139	161	119
Receivables	73	83	97	110
Inventory	137	175	169	195
Other	—	—	—	—
	451	417	451	449

	2023	2024	2025	Q'26
Payables	49	53	41	62
ST’ Debt	2	2	—	—
Other	14	10	10	11
	158	153	219	238

Compound Annual Growth %

	10y	5y	3y
Sales	18.98%	39.46%	29.62%
Cash Flow	16.15%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	(37.46%)	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	192	214	—	—	—
’25	169	186	197	213	764
’24	138	146	151	177	612
’23	109	117	118	138	482
’22	71	84	90	106	351
’21	44	62	63	74	243
’20	30	30	41	44	145

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	21	—	—	—
’25	(5)	16	14	21	45
’24	(38)	(11)	(5)	11	(45)
’23	(18)	(18)	(17)	(25)	(78)
’22	(25)	(27)	(15)	(8)	(75)
’21	(19)	(17)	(23)	(15)	(73)
’20	(17)	(13)	(10)	(7)	(46)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(13)	(2)	—	—	—
’25	(17)	3	3	6	(4)
’24	(72)	(47)	(25)	7	(138)
’23	(35)	(38)	(39)	(53)	(165)
’22	(38)	(42)	(30)	(23)	(133)
’21	(34)	(37)	(36)	(34)	(142)
’20	(20)	(17)	(15)	(18)	(70)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.22)	(0.16)	—	—	—
’25	(0.35)	(0.27)	(0.19)	(0.14)	(0.96)
’24	(0.34)	(0.29)	(0.28)	(0.23)	(1.13)
’23	(0.40)	(0.43)	(0.35)	(0.37)	(1.54)
’22	(0.43)	(0.36)	(0.35)	(0.33)	(1.47)
’21	(0.26)	(0.39)	(0.43)	(0.40)	(1.50)
’20	(0.33)	(0.25)	(0.24)	(0.35)	(1.18)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	1.80	1.58	2.02	1.18	2.19	10.31	5.73	8.66	4.88	8.81	Analyst estimates 2026–2028 Powerpack
	High	9.65	5.80	4.21	7.75	14.97	19.36	13.65	19.14	17.34	22.66
People
People	Employees	162	138	195	227	296	561	705	839	867	913
	Revenue/emp, $m	0.74	0.74	0.47	0.50	0.49	0.43	0.50	0.57	0.71	0.84
Income, $m
Income, $m	Revenue	120	102	92	113	145	243	351	482	612	764
	Gross margin, %	63.31	67.06	68.97	68.41	70.76	64.87	66.42	61.36	66.72	67.63
	EBT	(31)	(5)	(30)	(57)	(79)	(144)	(152)	(187)	(162)	(143)
	EBT margin, %	(25.73)	(4.50)	(32.90)	(50.38)	(54.43)	(59.27)	(43.32)	(38.76)	(26.50)	(18.77)
	Net income	(30)	(2)	(29)	(57)	(79)	(143)	(151)	(187)	(162)	(143)
	Depreciation	15	7	7	9	12	32	46	63	88	105
Per share, $
Per share, $	Revenue	14.01	7.96	2.60	2.17	2.16	2.53	3.39	3.98	4.28	5.09
	Earnings	(3.57)	(0.18)	(1.20)	(1.09)	(1.18)	(1.50)	(1.47)	(1.54)	(1.13)	(0.96)
	Cash flow	(1.16)	(0.68)	(0.73)	(0.63)	(0.69)	(0.76)	(0.73)	(0.65)	(0.31)	0.30
	Capex	(0.91)	(0.51)	(0.17)	(0.25)	(0.36)	(0.71)	(0.56)	(0.72)	(0.65)	(0.33)
	Free cash flow	(2.07)	(1.19)	(0.90)	(0.88)	(1.05)	(1.47)	(1.29)	(1.36)	(0.96)	(0.03)
	Book value	(4.84)	(2.08)	0.50	0.84	1.94	0.83	(0.34)	0.64	(0.10)	0.08
	Shares, m	9	13	35	52	67	96	103	121	143	150
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	0.23	0.34	0.88	3.27	6.72	4.52	3.49	3.73	2.15	4.13
	P/B	0.00	0.00	4.60	8.50	7.49	13.84	0.00	23.05	0.00	254.09
	EV/Sales	0.45	0.52	1.06	3.33	6.27	5.11	4.30	4.34	2.86	4.66
	EV/FCF	(2.97)	(3.30)	(2.99)	(8.05)	(12.84)	(8.70)	(11.30)	(12.65)	(12.70)	(807.85)
Cash, $m
Cash, $m	Operating cash flow	(10)	(9)	(26)	(33)	(46)	(73)	(75)	(78)	(45)	45
	Capex	(8)	(6)	(6)	(13)	(24)	(69)	(58)	(87)	(93)	(50)
	Free cash flow	(18)	(15)	(32)	(46)	(70)	(142)	(133)	(165)	(138)	(4)
Balance, $m
Balance, $m	Working capital	33	37	45	72	126	230	117	294	264	232
	Total debt	46	41	46	54	43	331	369	513	576	501
	Net debt	27	19	17	7	(65)	144	285	292	437	341
	Shareholders’ equity	(42)	(27)	18	44	130	79	(35)	78	(14)	12
Returns, %
Returns, %	ROA	(24.88)	(2.57)	(39.66)	(38.07)	(36.64)	(34.33)	(27.68)	(28.15)	(20.51)	(18.30)
	ROIC	0.00	0.00	(41.14)	(58.56)	(56.43)	(35.86)	(36.75)	(29.29)	(20.11)	(14.54)
	ROE	76.65	6.73	934.91	(186.27)	(91.05)	(136.68)	(676.09)	(859.11)	(507.05)	16,450.51

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
UFPT UFP Technologies, Inc.	$2.3B	31.2×	23.6×	+15.07% (above 0%: growing)	+20.63% (above 0%: growing)	−35.77% (below 0%: shrinking)	29.27%	16.15%	Compare
BFLY Butterfly Network, Inc.	$2.1B	— (loss-making)	— (loss-making)	+39.47% (above 0%: growing)	n/m	−113.85% (below 0%: shrinking)	71.41%	(41.90%)	Compare
AXGN AxoGen, Inc.	$2.1B	— (loss-making)	— (loss-making)	+23.06% (above 0%: growing)	n/m	−17.36% (below 0%: shrinking)	72.67%	(3.09%)	Compare
INSP Inspire Medical Systems, Inc.	$2.0B	14.8×	93.5×	−7.60% (below 0%: shrinking)	n/m	+322.84% (above 0%: growing)	85.48%	(0.26%)	Compare
ESTA Establishment Labs Holdings Inc.	$1.8B	— (loss-making)	— (loss-making)	+31.66% (above 0%: growing)	n/m	+2.75% (above 0%: growing)	70.64%	(6.35%)	Compare
ATEC Alphatec Holdings, Inc.	$1.7B	— (loss-making)	— (loss-making)	+15.07% (above 0%: growing)	n/m	−146.87% (below 0%: shrinking)	72.17%	(0.89%)
NVCR NovoCure Limited	$1.7B	— (loss-making)	— (loss-making)	+15.60% (above 0%: growing)	n/m	+105.68% (above 0%: growing)	77.61%	(5.75%)	Compare
CNMD CONMED Corporation	$1.4B	25.3×	8.8×	+0.33% (above 0%: growing)	+11.59% (above 0%: growing)	+45.96% (above 0%: growing)	57.49%	10.60%	Compare
BVS Bioventus Inc.	$1.2B	16.4×	21.4×	+3.76% (above 0%: growing)	+345.45% (above 0%: growing)	−25.11% (below 0%: shrinking)	68.97%	12.48%	Compare
Median of peers	$1.9B	20.8×	22.5×	+15.34%	+20.63%	−7.30%	71.03%	(1.67%)

All 149 Medical Devices stocks →

Alphatec Holdings, Inc. (ATEC) key facts

Strength: Alphatec Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $764.2 million, up 25.0% from fiscal 2024.
Alphatec Holdings, Inc. (ATEC) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
As of October 16, 2026, ATEC traded at $10.45, a market capitalization of $1.7 billion.
Return on equity was 16,450.5% and debt-to-equity -42.32.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.89 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.