Alphatec (ATEC) Financials

$12.46 +0.02 (+0.16%)

Closing price 04:00 PM Eastern

Extended Trading

$12.85 +0.39 (+3.13%)

As of 06:12 PM Eastern

Annual Income Statements for Alphatec

This table shows Alphatec's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	-162	-187	-151	-143	-79	-57	-42	-2.29	-30	-179	-13
Consolidated Net Income / (Loss)	-162	-187	-151	-143	-79	-57	-29	-2.29	-30	-179	-13
Net Income / (Loss) Continuing Operations	-162	-187	-151	-143	-79	-57	-29	-4.54	-26	-171	-0.10
Total Pre-Tax Income	-162	-187	-152	-144	-79	-57	-30	-4.57	-31	-172	0.31
Total Operating Income	-136	-173	-147	-128	-59	-47	-22	-9.00	-15	-176	1.49
Total Gross Profit	424	310	233	158	103	78	63	68	76	88	110
Total Revenue	612	482	351	243	145	113	92	102	120	134	155
Operating Revenue	612	482	351	243	145	113	92	102	120	134	155
Total Cost of Revenue	187	172	118	85	42	36	28	34	44	46	45
Operating Cost of Revenue	187	172	118	85	42	36	28	34	44	46	45
Total Operating Expenses	560	484	380	286	161	125	86	77	92	264	108
Selling, General & Admin Expense	450	374	300	229	129	102	73	70	26	28	34
Research & Development Expense	81	70	44	32	19	14	9.85	4.92	9.25	18	17
Amortization Expense	16	14	10	5.35	0.69	0.70	0.74	0.69	0.93	1.20	1.23
Other Operating Expenses / (Income)	9.80	22	24	11	8.55	8.55	5.68	-	-	-	-
Restructuring Charge	3.46	2.83	1.93	8.06	4.22	0.06	2.93	2.21	2.29	0.60	-
Total Other Income / (Expense), net	-26	-14	-5.03	-16	-20	-9.87	-7.73	4.43	-16	3.46	-1.18
Interest Expense	25	17	5.51	15	20	9.87	0.59	-	9.48	4.00	3.02
Other Income / (Expense), net	-1.03	3.12	0.47	-1.56	0.00	-	-7.14	12	-0.72	7.45	1.84
Income Tax Expense	0.05	-0.28	-0.72	-1.13	0.15	-0.24	-1.36	-0.03	-4.63	-1.15	0.41
Basic Earnings per Share	($1.13)	($1.54)	($1.46)	($1.49)	($1.18)	($1.09)	($1.20)	($0.18)	($3.49)	($21.53)	($1.59)
Weighted Average Basic Shares Outstanding	142.95M	121.24M	103.37M	96.20M	67.02M	52.23M	35.32M	12.79M	8.58M	8.30M	8.11M
Diluted Earnings per Share	($1.13)	($1.54)	($1.46)	($1.49)	($1.18)	($1.09)	($1.20)	($1.08)	($3.49)	($21.53)	($1.90)
Weighted Average Diluted Shares Outstanding	142.95M	121.24M	103.37M	96.20M	67.02M	52.23M	35.32M	13.28M	8.58M	8.30M	8.15M
Weighted Average Basic & Diluted Shares Outstanding	144.15M	137.98M	111.11M	96.20M	67.02M	52.23M	35.32M	25.47M	9.05M	102.15M	99.10M

This table shows Alphatec's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-52	-33	-40	-41	-48	-49	-43	-51	-44	-35	-37
Consolidated Net Income / (Loss)	-52	-33	-40	-41	-48	-49	-43	-51	-44	-35	-37
Net Income / (Loss) Continuing Operations	-52	-33	-40	-41	-48	-49	-43	-51	-44	-35	-37
Total Pre-Tax Income	-52	-33	-40	-41	-49	-49	-43	-51	-44	-35	-37
Total Operating Income	-44	-24	-34	-35	-43	-45	-38	-50	-40	-35	-35
Total Gross Profit	116	122	103	103	97	95	80	65	70	69	60
Total Revenue	169	177	151	146	138	138	118	117	109	106	90
Operating Revenue	169	177	151	146	138	138	118	117	109	106	90
Total Cost of Revenue	53	55	48	43	41	43	38	52	39	37	30
Operating Cost of Revenue	53	55	48	43	41	43	38	52	39	37	30
Total Operating Expenses	160	145	136	138	141	140	118	114	111	104	94
Selling, General & Admin Expense	127	115	109	113	114	104	91	87	91	82	76
Research & Development Expense	17	23	20	19	18	22	20	15	13	12	12
Amortization Expense	4.10	4.72	3.85	3.84	3.85	3.82	3.87	3.71	2.88	2.93	2.77
Other Operating Expenses / (Income)	12	1.19	2.09	2.09	4.43	9.47	2.72	6.91	3.19	7.31	3.60
Restructuring Charge	0.37	1.71	0.93	0.14	0.67	0.32	0.41	1.93	0.18	0.11	0.05
Total Other Income / (Expense), net	-7.68	-9.07	-5.95	-5.66	-5.22	-4.37	-4.41	-1.57	-3.17	-0.28	-1.90
Interest Expense	25	7.15	6.57	5.82	5.34	4.42	4.46	3.89	3.87	1.33	1.29
Other Income / (Expense), net	18	-1.92	0.62	0.16	0.12	0.04	0.05	2.32	0.71	1.05	-0.62
Income Tax Expense	-0.06	0.44	-0.04	-0.29	-0.07	-0.12	-0.12	-0.05	0.01	-0.52	-0.08
Basic Earnings per Share	($0.35)	($0.22)	($0.28)	($0.29)	($0.34)	($0.36)	($0.35)	($0.43)	($0.40)	($0.32)	($0.35)
Weighted Average Basic Shares Outstanding	146.73M	142.95M	143.49M	142.69M	140.98M	121.24M	122.47M	118.72M	109.75M	103.37M	104.80M
Diluted Earnings per Share	($0.35)	($0.22)	($0.28)	($0.29)	($0.34)	($0.36)	($0.35)	($0.43)	($0.40)	($0.32)	($0.35)
Weighted Average Diluted Shares Outstanding	146.73M	142.95M	143.49M	142.69M	140.98M	121.24M	122.47M	118.72M	109.75M	103.37M	104.80M
Weighted Average Basic & Diluted Shares Outstanding	146.17M	144.15M	141.77M	140.46M	139.88M	137.98M	136.30M	120.32M	118.50M	111.11M	105.06M

This table details how cash moves in and out of Alphatec's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-82	136	-103	79	61	18	6.59	2.87	8.52	-8.51	-1.61
Net Cash From Operating Activities	-45	-78	-75	-73	-46	-33	-26	-8.73	-9.96	10	-20
Net Cash From Continuing Operating Activities	-45	-78	-75	-73	-46	-33	-26	-8.73	-9.96	10	-20
Net Income / (Loss) Continuing Operations	-162	-187	-151	-143	-79	-57	-29	-2.29	-30	-179	-13
Consolidated Net Income / (Loss)	-162	-187	-151	-143	-79	-57	-29	-2.29	-30	-179	-13
Depreciation Expense	78	56	41	27	11	7.58	6.79	7.48	12	19	18
Amortization Expense	9.36	7.18	4.80	5.29	4.66	4.64	2.09	2.76	3.63	4.70	6.70
Non-Cash Adjustments To Reconcile Net Income	89	99	53	60	33	20	3.75	-6.26	8.80	171	3.88
Changes in Operating Assets and Liabilities, net	-59	-54	-23	-22	-16	-8.53	-9.26	-10	-4.83	-5.62	-36
Net Cash From Investing Activities	-93	-142	-58	-158	-24	-13	-22	-6.50	62	-12	-11
Net Cash From Continuing Investing Activities	-93	-142	-58	-158	-24	-13	-22	-6.50	62	-12	-11
Purchase of Property, Plant & Equipment	-83	-81	-49	-69	-23	-13	-6.51	-7.60	-8.90	-12	-11
Acquisitions	-9.91	-61	-8.83	-83	-0.76	0.00	-16	-	-0.25	0.00	0.00
Other Investing Activities, net	0.00	0.00	0.00	-2.99	0.00	-	-	1.10	-	-	-
Net Cash From Financing Activities	56	357	31	312	131	64	54	18	-43	-6.53	31
Net Cash From Continuing Financing Activities	56	357	31	312	131	64	54	18	-43	-6.53	31
Repayment of Debt	-166	-138	-28	-57	-23	-116	-123	-103	-190	-153	-163
Issuance of Debt	223	282	63	316	42	124	125	96	147	147	193
Issuance of Common Equity	0.00	213	0.00	132	108	56	52	24	0.11	0.38	0.03
Other Financing Activities, net	-0.56	-1.06	-3.04	-54	3.34	-	-	-	-	-	-
Effect of Exchange Rate Changes	-0.55	-0.19	-0.37	-1.40	0.09	0.03	-0.02	0.28	-0.09	0.15	-1.07
Cash Interest Paid	20	17	3.86	5.03	6.33	5.97	5.14	4.70	7.37	7.63	5.89
Cash Income Taxes Paid	0.28	0.33	0.27	0.22	0.19	0.16	0.13	0.11	0.92	0.62	0.57

This table details how cash moves in and out of Alphatec's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	14	58	-19	-44	-77	98	22	-16	32	-21	-1.36
Net Cash From Operating Activities	-5.04	11	-5.34	-11	-38	-25	-17	-18	-18	-8.40	-15
Net Cash From Continuing Operating Activities	-5.04	11	-5.34	-11	-38	-25	-17	-18	-18	-8.40	-15
Net Income / (Loss) Continuing Operations	-52	-33	-40	-41	-48	-49	-43	-51	-44	-35	-37
Consolidated Net Income / (Loss)	-52	-33	-40	-41	-48	-49	-43	-51	-44	-35	-37
Depreciation Expense	20	20	21	20	18	16	15	14	12	11	11
Amortization Expense	3.69	2.59	2.43	2.26	2.09	1.99	1.79	1.87	1.53	1.40	1.30
Non-Cash Adjustments To Reconcile Net Income	28	23	23	22	21	25	25	30	19	14	15
Changes in Operating Assets and Liabilities, net	-5.12	-1.27	-11	-15	-31	-18	-16	-12	-7.29	-0.09	-4.55
Net Cash From Investing Activities	-12	-3.75	-20	-36	-34	-28	-21	-76	-17	-15	-16
Net Cash From Continuing Investing Activities	-12	-3.75	-20	-36	-34	-28	-21	-76	-17	-15	-16
Purchase of Property, Plant & Equipment	-9.93	-1.98	-16	-34	-31	-26	-19	-19	-16	-13	-9.65
Acquisitions	-1.68	-1.77	-4.04	-1.79	-2.31	-2.50	-2.01	-56	-0.54	-1.37	-5.98
Net Cash From Financing Activities	31	51	6.69	3.24	-4.37	152	60	78	67	1.01	29
Net Cash From Continuing Financing Activities	31	51	6.69	3.24	-4.37	152	60	78	67	1.01	29
Repayment of Debt	-52	-53	-27	-43	-43	-185	113	-34	-32	-26	-1.34
Repurchase of Preferred Equity	-268	-	-	-	-	-	-	-	-	-	-
Issuance of Debt	397	101	34	46	42	190	-61	55	99	28	35
Issuance of Common Equity	0.00	-	-	-	-	146	9.92	-	-	-	-
Other Financing Activities, net	-45	3.02	0.29	-0.33	-3.54	-0.06	-0.78	-0.45	0.22	-0.66	-4.21
Effect of Exchange Rate Changes	0.30	0.45	-0.33	-0.21	-0.46	0.09	-0.15	-0.16	0.03	0.81	-0.49
Cash Interest Paid	6.53	4.97	5.58	4.30	5.46	6.07	4.36	3.11	3.73	1.14	0.75
Cash Income Taxes Paid	0.00	-	-	-	-	0.09	0.04	-	-	-	0.01

This table presents Alphatec's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	776	805	521	572	261	170	129	85	94	146	345
Total Current Assets	417	451	256	331	184	108	76	66	73	101	113
Cash & Equivalents	139	221	85	187	108	47	29	22	20	6.30	20
Accounts Receivable	83	73	60	42	24	16	15	15	19	27	40
Inventories, net	175	137	102	92	46	35	29	27	30	33	42
Prepaid Expenses	20	21	9.36	10	5.44	9.88	2.03	1.77	4.26	3.14	5.47
Plant, Property, & Equipment, net	156	150	102	87	37	20	13	13	15	16	26
Total Noncurrent Assets	202	204	163	153	40	42	41	5.51	6.29	29	206
Goodwill	71	73	47	40	14	14	14	-	-	-	171
Intangible Assets	94	102	83	85	25	26	26	5.25	5.71	8.81	30
Other Noncurrent Operating Assets	37	29	33	29	1.72	2.35	0.35	0.21	0.52	0.50	4.18
Total Liabilities & Shareholders' Equity	776	805	521	572	261	170	129	85	94	146	345
Total Liabilities	766	703	532	469	108	103	88	88	112	159	172
Total Current Liabilities	153	158	139	101	58	36	31	30	40	125	64
Short-Term Debt	1.66	1.81	15	0.34	4.17	0.49	3.28	3.31	3.11	80	8.08
Accounts Payable	53	49	35	26	18	7.77	4.40	3.88	8.70	14	10
Accrued Expenses	81	88	72	56	35	26	22	22	28	21	35
Other Current Liabilities	17	19	17	19	0.89	1.31	-	-	-	0.69	8.70
Total Noncurrent Liabilities	613	546	393	368	49	66	58	58	72	34	109
Long-Term Debt	575	511	350	326	38	53	42	38	43	0.48	75
Capital Lease Obligations	27	24	27	-	-	-	-	-	-	-	-
Other Noncurrent Operating Liabilities	11	11	17	41	11	13	15	20	29	32	32
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	24	24	24	24	24	24	24	24	24	24	24
Total Equity & Noncontrolling Interests	-14	78	-35	79	130	44	18	-27	-42	-37	149
Total Preferred & Common Equity	-14	78	-35	79	130	44	18	-27	-42	-37	149
Total Common Equity	-14	78	-35	79	130	44	18	-27	-42	-37	149
Common Stock	1,306	1,230	934	893	771	607	524	437	420	417	414
Retained Earnings	-1,281	-1,119	-932	-782	-638	-559	-502	-459	-457	-427	-249
Treasury Stock	-25	-25	-25	-25	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10
Accumulated Other Comprehensive Income / (Loss)	-14	-8.32	-11	-5.99	1.20	1.09	1.06	1.09	0.97	-21	-11
Other Equity Adjustments	0.00	0.00	0.00	0.00	-4.00	-5.00	-5.00	-5.00	-5.00	-5.00	-5.00

This table presents Alphatec's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	785	746	769	775	670	628	570	516
Total Current Assets	435	362	377	405	334	300	299	269
Cash & Equivalents	153	81	100	144	123	101	117	106
Accounts Receivable	89	78	84	89	65	60	62	51
Inventories, net	171	183	172	153	131	120	108	102
Prepaid Expenses	21	20	20	20	16	19	12	9.72
Plant, Property, & Equipment, net	147	171	181	171	134	119	110	99
Total Noncurrent Assets	204	212	211	198	203	209	161	149
Goodwill	72	73	72	72	72	73	48	38
Intangible Assets	95	99	99	100	102	106	81	80
Other Noncurrent Operating Assets	37	40	40	26	29	31	32	31
Total Liabilities & Shareholders' Equity	785	746	769	775	670	628	570	516
Total Liabilities	848	724	728	713	691	633	604	515
Total Current Liabilities	158	156	169	169	148	139	143	125
Short-Term Debt	2.57	1.79	2.29	2.55	1.77	2.21	16	14
Accounts Payable	39	60	73	60	50	44	39	33
Accrued Expenses	99	76	76	88	77	74	69	62
Other Current Liabilities	18	19	18	19	19	19	19	17
Total Noncurrent Liabilities	690	567	558	544	543	494	462	390
Long-Term Debt	546	526	517	512	507	455	419	348
Capital Lease Obligations	27	29	30	21	24	25	26	27
Other Noncurrent Operating Liabilities	118	12	12	11	12	13	16	14
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	24	24	24	24	24	24	24	24
Total Equity & Noncontrolling Interests	-86	-1.36	17	38	-44	-28	-58	-23
Total Preferred & Common Equity	-86	-1.36	17	38	-44	-28	-58	-23
Total Common Equity	-86	-1.36	17	38	-44	-28	-58	-23
Common Stock	1,283	1,280	1,262	1,241	1,063	1,034	952	919
Retained Earnings	-1,333	-1,248	-1,208	-1,167	-1,070	-1,027	-976	-899
Treasury Stock	-25	-25	-25	-25	-25	-25	-25	-25
Accumulated Other Comprehensive Income / (Loss)	-10	-8.41	-12	-11	-12	-9.51	-9.69	-17

This table displays calculated financial ratios and metrics derived from Alphatec's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.81%	37.45%	44.26%	67.89%	27.71%	23.70%	-9.87%	-15.39%	-10.52%	-13.09%	-24.47%
EBITDA Growth	53.80%	-6.39%	-3.03%	-125.58%	-23.38%	-69.34%	-255.86%	13,654.08%	99.93%	-609.34%	158.63%
EBIT Growth	19.43%	-16.22%	-13.03%	-120.21%	-24.51%	-59.83%	-1,072.67%	118.90%	90.44%	-5,171.03%	104.42%
NOPAT Growth	21.47%	-17.98%	-14.77%	-117.55%	-24.51%	-110.68%	-149.25%	41.45%	91.26%	-26,037.03%	99.08%
Net Income Growth	13.14%	-23.36%	-5.78%	-81.07%	-38.58%	-96.73%	-1,163.08%	92.33%	83.25%	-1,287.02%	84.33%
EPS Growth	26.62%	-5.48%	2.01%	-26.27%	-8.26%	9.17%	-11.11%	69.05%	83.79%	-1,287.02%	84.33%
Operating Cash Flow Growth	43.11%	-4.46%	-2.48%	-57.97%	-40.13%	-29.34%	-193.37%	12.35%	-198.37%	149.94%	-359.65%
Free Cash Flow Firm Growth	37.50%	-56.48%	36.35%	-344.39%	-11.88%	15.33%	-347.91%	-2,405.84%	-99.36%	3,310.77%	-131.72%
Invested Capital Growth	13.61%	41.32%	21.70%	176.10%	18.61%	27.68%	270.12%	73.84%	-55.67%	-91.20%	0.99%
Revenue Q/Q Growth	6.78%	7.11%	10.03%	14.07%	8.71%	6.59%	-1.01%	-0.79%	19.55%	4.80%	-25.09%
EBITDA Q/Q Growth	32.35%	-5.47%	7.13%	-20.69%	-6.37%	2.27%	-127.08%	621.52%	-104.45%	-11.86%	182.51%
EBIT Q/Q Growth	12.19%	-6.78%	3.11%	-21.19%	-4.50%	-1.72%	-61.17%	124.40%	8.14%	-9.50%	105.61%
NOPAT Q/Q Growth	13.37%	-5.99%	2.07%	-19.73%	-4.50%	-16.81%	-22.27%	27.75%	13.64%	-7.39%	98.82%
Net Income Q/Q Growth	8.85%	-8.29%	2.64%	-9.24%	-14.11%	-12.65%	-211.83%	85.39%	15.64%	-5.70%	82.36%
EPS Q/Q Growth	11.02%	-2.67%	5.81%	0.00%	0.00%	27.33%	-445.45%	4.42%	15.70%	-5.70%	82.36%
Operating Cash Flow Q/Q Growth	44.31%	-26.83%	7.78%	-12.27%	4.80%	0.06%	-49.45%	51.36%	-324.71%	81.47%	-5.88%
Free Cash Flow Firm Q/Q Growth	30.33%	-10.35%	-3.54%	-6.23%	-16.36%	2.89%	-13.32%	45.04%	-98.90%	58.35%	-129.41%
Invested Capital Q/Q Growth	-4.83%	7.05%	4.06%	1.69%	5.34%	-1.98%	8.87%	5.14%	17,582.35%	-67.93%	-0.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.37%	64.32%	66.42%	64.87%	70.76%	68.41%	68.97%	67.06%	63.31%	65.50%	70.92%
EBITDA Margin	-8.08%	-22.18%	-28.65%	-40.12%	-29.86%	-30.91%	-22.58%	13.06%	-0.08%	-107.66%	18.37%
Operating Margin	-22.27%	-35.95%	-41.89%	-52.65%	-40.63%	-41.68%	-24.47%	-8.85%	-12.79%	-130.86%	0.96%
EBIT Margin	-22.43%	-35.31%	-41.75%	-53.30%	-40.63%	-41.68%	-32.26%	2.99%	-13.38%	-125.32%	2.15%
Profit (Net Income) Margin	-26.51%	-38.70%	-43.12%	-58.81%	-54.53%	-50.25%	-31.60%	-2.25%	-24.89%	-132.96%	-8.33%
Tax Burden Percent	100.03%	99.85%	99.53%	99.22%	100.18%	99.76%	96.04%	50.15%	96.74%	103.64%	-4,168.93%
Interest Burden Percent	118.13%	109.77%	103.76%	111.22%	133.95%	120.87%	101.99%	-150.41%	192.24%	102.37%	9.30%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	131.72%
Return on Invested Capital (ROIC)	-21.39%	-34.07%	-38.26%	-54.25%	-50.88%	-50.10%	-42.63%	-51.04%	-73.32%	-97.91%	-0.20%
ROIC Less NNEP Spread (ROIC-NNEP)	-38.51%	-55.06%	-59.97%	-198.61%	77.73%	-251.91%	-117.21%	-33.48%	-136.94%	-218.93%	-27.16%
Return on Net Nonoperating Assets (RNNOA)	-270.32%	-377.69%	-290.78%	-57.27%	-20.70%	-55.06%	-109.39%	72.93%	267.17%	-126.01%	-6.80%
Return on Equity (ROE)	-291.71%	-411.75%	-329.04%	-111.52%	-71.58%	-105.16%	-152.01%	21.89%	193.85%	-223.93%	-7.00%
Cash Return on Invested Capital (CROIC)	-34.13%	-68.32%	-57.83%	-147.89%	-67.91%	-74.41%	-157.54%	-104.97%	3.83%	69.72%	-1.19%
Operating Return on Assets (OROA)	-17.36%	-25.68%	-26.81%	-31.11%	-27.30%	-31.58%	-27.63%	3.40%	-13.38%	-68.56%	0.93%
Return on Assets (ROA)	-20.51%	-28.15%	-27.68%	-34.33%	-36.64%	-38.07%	-27.06%	-2.57%	-24.88%	-72.74%	-3.63%
Return on Common Equity (ROCE)	-167.82%	-197.35%	-160.13%	-91.00%	-56.27%	-59.37%	36.22%	71.21%	490.25%	-157.69%	-6.11%
Return on Equity Simple (ROE_SIMPLE)	1,144.21%	-238.92%	436.42%	-180.09%	-60.82%	-130.65%	-164.87%	8.61%	72.10%	488.51%	-8.65%
Net Operating Profit after Tax (NOPAT)	-95	-121	-103	-90	-41	-33	-16	-6.30	-11	-123	-0.47
NOPAT Margin	-15.59%	-25.17%	-29.32%	-36.86%	-28.44%	-29.18%	-17.13%	-6.19%	-8.95%	-91.60%	-0.30%
Net Nonoperating Expense Percent (NNEP)	17.13%	20.99%	21.71%	144.36%	-128.62%	201.80%	74.58%	-17.56%	63.62%	121.01%	26.95%
Return On Investment Capital (ROIC_SIMPLE)	-16.17%	-19.75%	-28.87%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	30.63%	35.68%	33.58%	35.13%	29.24%	31.59%	31.03%	32.94%	36.69%	34.50%	29.08%
SG&A Expenses to Revenue	73.61%	77.57%	85.51%	94.27%	89.16%	89.67%	79.22%	68.76%	21.90%	20.93%	22.02%
R&D to Revenue	13.20%	14.54%	12.55%	13.16%	12.94%	12.21%	10.75%	4.84%	7.69%	13.31%	11.07%
Operating Expenses to Revenue	91.64%	100.28%	108.31%	117.52%	111.39%	110.09%	93.44%	75.91%	76.10%	196.35%	69.96%
Earnings before Interest and Taxes (EBIT)	-137	-170	-147	-130	-59	-47	-30	3.04	-16	-168	3.32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-49	-107	-101	-98	-43	-35	-21	13	-0.10	-145	28
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	26.36	0.00	14.29	8.77	9.98	5.63	0.00	0.00	0.00	0.93
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	12.48	105.44	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.13	4.27	3.70	4.67	7.86	3.84	1.08	0.44	0.24	0.23	0.90
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.78	5.75	5.51	5.35	12.48	6.29	2.40	5.53	8.74	6.17	0.95
Enterprise Value to Revenue (EV/Rev)	2.93	4.97	4.64	5.34	7.57	4.11	1.52	0.85	0.66	0.93	1.43
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.53	0.00	0.00	7.77
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	28.51	0.00	0.00	66.42
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.40	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	140.21	1.43	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	63.97	5.27	-35.34	3.17	0.27	0.80	1.11	-13.44	-2.58	-6.18	0.48
Long-Term Debt to Equity	63.79	5.26	-33.99	3.17	0.25	0.80	1.03	-12.36	-2.41	-0.04	0.43
Financial Leverage	7.02	6.86	4.85	0.29	-0.27	0.22	0.93	-2.18	-1.95	0.58	0.25
Leverage Ratio	14.22	14.63	11.89	3.25	1.95	2.76	5.62	-8.53	-7.79	3.08	1.93
Compound Leverage Factor	16.80	16.06	12.33	3.61	2.62	3.34	5.73	12.84	-14.98	3.15	0.18
Debt to Total Capital	98.46%	84.06%	102.91%	76.03%	21.55%	44.51%	52.53%	108.04%	163.25%	119.29%	32.39%
Short-Term Debt to Total Capital	0.27%	0.28%	3.93%	0.08%	2.13%	0.40%	3.78%	8.70%	11.00%	118.58%	3.16%
Long-Term Debt to Total Capital	98.19%	83.78%	98.98%	75.95%	19.42%	44.11%	48.76%	99.34%	152.25%	0.71%	29.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.85%	3.70%	6.21%	5.49%	12.06%	19.48%	27.21%	62.08%	83.39%	35.10%	9.25%
Common Equity to Total Capital	-2.31%	12.24%	-9.12%	18.48%	66.38%	36.01%	20.26%	-70.12%	-146.64%	-54.39%	58.36%
Debt to EBITDA	-12.21	-5.02	-3.89	-3.35	-0.97	-1.54	-2.20	3.09	-471.48	-0.55	2.91
Net Debt to EBITDA	-9.40	-2.95	-3.05	-1.43	1.52	-0.19	-0.80	1.40	-271.55	-0.49	2.06
Long-Term Debt to EBITDA	-12.18	-5.00	-3.74	-3.35	-0.88	-1.52	-2.04	2.84	-439.71	0.00	2.63
Debt to NOPAT	-6.33	-4.42	-3.80	-3.65	-1.02	-1.63	-2.90	-6.52	-4.29	-0.65	-175.54
Net Debt to NOPAT	-4.87	-2.60	-2.98	-1.56	1.59	-0.21	-1.05	-2.95	-2.47	-0.58	-124.29
Long-Term Debt to NOPAT	-6.31	-4.41	-3.66	-3.64	-0.92	-1.62	-2.69	-5.99	-4.00	0.00	-158.39
Altman Z-Score	-0.68	0.15	-1.03	-0.30	3.31	-1.80	-4.38	-5.45	-5.51	-7.05	0.13
Noncontrolling Interest Sharing Ratio	42.47%	52.07%	51.33%	18.40%	21.39%	43.54%	123.83%	-225.26%	-152.90%	29.58%	12.83%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.73	2.86	1.84	3.28	3.16	2.98	2.47	2.24	1.81	0.81	1.78
Quick Ratio	1.45	1.86	1.04	2.27	2.25	1.74	1.44	1.25	0.95	0.27	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-152	-243	-156	-244	-55	-49	-58	-13	0.56	88	-2.73
Operating Cash Flow to CapEx	-53.65%	-97.49%	-151.93%	-106.96%	-200.88%	-254.15%	-415.31%	-114.92%	-111.94%	82.67%	-179.39%
Free Cash Flow to Firm to Interest Expense	-6.11	-14.63	-28.25	-16.80	-2.75	-4.98	-98.40	0.00	0.06	21.91	-0.90
Operating Cash Flow to Interest Expense	-1.79	-4.72	-13.65	-5.04	-2.32	-3.36	-43.40	0.00	-1.05	2.53	-6.71
Operating Cash Flow Less CapEx to Interest Expense	-5.14	-9.55	-22.63	-9.76	-3.48	-4.68	-53.85	0.00	-1.99	-0.53	-10.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.73	0.64	0.58	0.67	0.76	0.86	1.14	1.00	0.55	0.44
Accounts Receivable Turnover	7.86	7.27	6.88	7.44	7.30	7.26	6.13	6.10	5.30	3.99	3.78
Inventory Turnover	1.20	1.44	1.22	1.24	1.05	1.13	1.02	1.17	1.41	1.25	1.07
Fixed Asset Turnover	3.99	3.83	3.71	3.92	5.14	6.88	7.08	7.33	7.72	6.38	5.72
Accounts Payable Turnover	3.67	4.11	3.90	3.94	3.34	5.89	6.88	5.33	3.97	3.92	4.30
Days Sales Outstanding (DSO)	46.43	50.21	53.03	49.09	49.99	50.27	59.54	59.79	68.88	91.41	96.59
Days Inventory Outstanding (DIO)	304.11	252.83	299.33	294.10	348.35	324.02	359.50	312.46	259.49	292.76	339.71
Days Payable Outstanding (DPO)	99.36	88.81	93.69	92.55	109.31	61.99	53.08	68.49	92.02	93.17	84.92
Cash Conversion Cycle (CCC)	251.19	214.23	258.67	250.64	289.03	312.30	365.97	303.76	236.35	290.99	351.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	474	417	295	243	88	74	58	16	9.02	20	231
Invested Capital Turnover	1.37	1.35	1.30	1.47	1.79	1.72	2.49	8.24	8.19	1.07	0.67
Increase / (Decrease) in Invested Capital	57	122	53	155	14	16	42	6.66	-11	-211	2.26
Enterprise Value (EV)	1,790	2,399	1,627	1,298	1,097	466	139	87	79	126	221
Market Capitalization	1,301	2,060	1,297	1,135	1,139	435	99	44	29	30	138
Book Value per Share	($0.10)	$0.57	($0.33)	$0.80	$1.66	$0.71	$0.41	($1.59)	($4.66)	($0.36)	$1.52
Tangible Book Value per Share	($1.26)	($0.71)	($1.57)	($0.46)	$1.16	$0.07	($0.53)	($1.91)	($5.30)	($0.45)	($0.54)
Total Capital	613	638	380	430	196	121	87	38	28	67	255
Total Debt	603	537	391	327	42	54	46	41	46	80	83
Total Long-Term Debt	602	535	376	326	38	53	42	38	43	0.48	75
Net Debt	465	316	306	140	-66	6.82	17	19	27	72	59
Capital Expenditures (CapEx)	83	81	49	69	23	13	6.17	7.60	8.90	12	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	127	74	47	43	22	25	19	18	16	48	33
Debt-free Net Working Capital (DFNWC)	266	295	132	230	130	72	48	40	36	56	58
Net Working Capital (NWC)	264	294	117	230	126	72	45	37	33	-24	50
Net Nonoperating Expense (NNE)	67	65	48	53	38	24	13	-4.01	19	56	12
Net Nonoperating Obligations (NNO)	465	316	306	140	-66	6.85	17	19	27	33	59
Total Depreciation and Amortization (D&A)	88	63	46	32	16	12	8.88	10	16	24	25
Debt-free, Cash-free Net Working Capital to Revenue	20.80%	15.42%	13.40%	17.74%	15.36%	22.31%	20.88%	17.28%	13.48%	35.39%	21.63%
Debt-free Net Working Capital to Revenue	43.50%	61.24%	37.54%	94.73%	89.75%	63.84%	52.57%	39.36%	29.77%	41.82%	37.24%
Net Working Capital to Revenue	43.23%	60.86%	33.28%	94.59%	86.88%	63.41%	48.99%	36.11%	27.18%	-17.52%	32.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.13)	($1.54)	($1.47)	($1.50)	($1.18)	($1.09)	($1.20)	($0.18)	($3.49)	($21.48)	($1.56)
Adjusted Weighted Average Basic Shares Outstanding	142.95M	121.24M	103.37M	99.79M	95.15M	62.99M	35.32M	12.79M	8.58M	8.30M	8.11M
Adjusted Diluted Earnings per Share	($1.13)	($1.54)	($1.47)	($1.50)	($1.18)	($1.09)	($1.20)	($1.08)	($3.49)	($21.48)	($1.92)
Adjusted Weighted Average Diluted Shares Outstanding	142.95M	121.24M	103.37M	99.79M	95.15M	62.99M	35.32M	13.28M	8.58M	8.30M	8.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.50)	($1.18)	($1.09)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	144.15M	137.98M	111.11M	96.20M	67.02M	52.23M	46.85M	25.47M	9.05M	8.51M	8.32M
Normalized Net Operating Profit after Tax (NOPAT)	-93	-119	-102	-84	-38	-33	-18	-5.14	-7.94	-7.70	1.04
Normalized NOPAT Margin	-15.19%	-24.76%	-28.94%	-34.54%	-26.40%	-29.14%	-19.60%	-5.05%	-6.61%	-5.73%	0.67%
Pre Tax Income Margin	-26.50%	-38.76%	-43.32%	-59.27%	-54.43%	-50.38%	-32.90%	-4.50%	-25.73%	-128.28%	0.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.51	-10.23	-26.61	-8.91	-2.95	-4.79	-50.13	0.00	-1.70	-42.09	1.10
NOPAT to Interest Expense	-3.83	-7.29	-18.69	-6.16	-2.06	-3.35	-26.62	0.00	-1.14	-30.77	-0.16
EBIT Less CapEx to Interest Expense	-8.86	-15.07	-35.60	-13.63	-4.10	-6.11	-60.58	0.00	-2.64	-45.15	-2.64
NOPAT Less CapEx to Interest Expense	-7.18	-12.13	-27.67	-10.88	-3.22	-4.68	-37.07	0.00	-2.07	-33.83	-3.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-17.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Alphatec's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.17%	28.14%	27.45%	24.51%	26.92%	30.23%	31.64%	38.94%	53.82%	43.24%	42.87%
EBITDA Growth	87.28%	88.25%	54.10%	59.29%	12.01%	-26.13%	7.22%	-28.23%	14.47%	26.66%	8.17%
EBIT Growth	38.57%	42.53%	13.66%	26.05%	-9.04%	-31.81%	-7.66%	-33.22%	3.92%	12.16%	-3.94%
NOPAT Growth	-2.19%	46.87%	12.14%	29.19%	-7.42%	-27.99%	-9.69%	-39.47%	2.14%	8.16%	0.43%
Net Income Growth	-7.04%	32.08%	7.12%	20.82%	-11.41%	-41.10%	-15.93%	-38.48%	-2.14%	10.57%	14.50%
EPS Growth	-2.94%	38.89%	20.00%	32.56%	15.00%	-12.50%	0.00%	-19.44%	6.98%	21.95%	18.60%
Operating Cash Flow Growth	86.89%	142.09%	69.09%	36.25%	-109.77%	-197.56%	-17.67%	34.62%	25.83%	43.00%	37.40%
Free Cash Flow Firm Growth	135.96%	52.10%	0.72%	-5.08%	-139.93%	-98.76%	-90.82%	-64.28%	61.59%	57.47%	61.26%
Invested Capital Growth	-20.59%	13.61%	27.79%	29.80%	46.01%	41.32%	37.37%	33.94%	16.47%	21.70%	18.93%
Revenue Q/Q Growth	-4.31%	17.30%	3.54%	5.12%	0.37%	16.66%	1.15%	7.16%	2.99%	17.93%	6.76%
EBITDA Q/Q Growth	5.98%	68.53%	23.20%	44.00%	13.17%	-22.92%	31.89%	-21.04%	-24.46%	9.58%	5.87%
EBIT Q/Q Growth	-3.16%	22.19%	5.89%	18.68%	3.49%	-16.90%	19.40%	-19.91%	-16.67%	4.52%	0.27%
NOPAT Q/Q Growth	-85.96%	29.33%	4.54%	18.54%	3.32%	-16.87%	23.07%	-23.58%	-15.19%	-0.16%	2.18%
Net Income Q/Q Growth	-55.73%	15.86%	2.62%	16.12%	1.19%	-15.06%	16.98%	-18.03%	-25.14%	5.46%	0.83%
EPS Q/Q Growth	-59.09%	21.43%	3.45%	14.71%	5.56%	-2.86%	18.60%	-7.50%	-25.00%	8.57%	2.78%
Operating Cash Flow Q/Q Growth	-147.89%	296.99%	53.12%	70.36%	-53.73%	-44.66%	3.28%	2.47%	-118.07%	42.79%	46.27%
Free Cash Flow Firm Q/Q Growth	184.63%	44.30%	3.79%	20.71%	-33.33%	-15.42%	-1.84%	-81.05%	6.60%	-10.81%	12.33%
Invested Capital Q/Q Growth	-24.19%	-4.83%	1.73%	8.20%	14.99%	7.05%	3.32%	21.71%	4.98%	4.06%	0.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.56%	68.77%	68.16%	70.48%	70.30%	68.99%	67.69%	55.20%	64.55%	64.99%	66.25%
EBITDA Margin	-1.75%	-1.78%	-6.63%	-8.94%	-16.79%	-19.41%	-18.42%	-27.35%	-24.22%	-20.04%	-26.13%
Operating Margin	-26.18%	-13.47%	-22.36%	-24.25%	-31.30%	-32.49%	-32.44%	-42.64%	-36.98%	-33.06%	-38.93%
EBIT Margin	-15.70%	-14.56%	-21.95%	-24.15%	-31.21%	-32.46%	-32.40%	-40.66%	-36.33%	-32.07%	-39.61%
Profit (Net Income) Margin	-30.68%	-18.85%	-26.28%	-27.94%	-35.02%	-35.57%	-36.07%	-43.94%	-39.89%	-32.83%	-40.95%
Tax Burden Percent	99.88%	101.34%	99.91%	99.30%	99.86%	99.75%	99.73%	99.90%	100.03%	98.52%	99.79%
Interest Burden Percent	195.72%	127.78%	119.87%	116.54%	112.36%	109.86%	111.64%	108.19%	109.77%	103.91%	103.61%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-28.99%	-12.94%	-20.19%	-21.16%	-29.40%	-30.79%	-30.35%	-38.22%	-34.96%	-30.19%	-33.27%
ROIC Less NNEP Spread (ROIC-NNEP)	-34.13%	-17.21%	-23.81%	-25.00%	-34.33%	-36.48%	-34.92%	-43.45%	-40.57%	-34.80%	-39.65%
Return on Net Nonoperating Assets (RNNOA)	23,501.29%	-120.81%	-12,537.73%	-574.42%	-957.48%	-250.25%	1,239.42%	-924.13%	-717.53%	-168.73%	-112.20%
Return on Equity (ROE)	23,472.30%	-133.75%	-12,557.93%	-595.58%	-986.88%	-281.04%	1,209.06%	-962.35%	-752.49%	-198.92%	-145.46%
Cash Return on Invested Capital (CROIC)	-0.69%	-34.13%	-49.19%	-52.07%	-69.79%	-68.32%	-65.49%	-63.05%	-50.72%	-57.83%	-57.52%
Operating Return on Assets (OROA)	-12.92%	-11.26%	-17.75%	-18.68%	-23.76%	-23.61%	-24.59%	-30.08%	-25.28%	-20.59%	-22.67%
Return on Assets (ROA)	-25.26%	-14.59%	-21.26%	-21.62%	-26.66%	-25.87%	-27.37%	-32.51%	-27.76%	-21.08%	-23.44%
Return on Common Equity (ROCE)	961,688.49%	-76.95%	339,675.85%	181.85%	778.03%	-134.69%	4,132.38%	572.82%	399.78%	-96.81%	-95.12%
Return on Equity Simple (ROE_SIMPLE)	192.62%	0.00%	0.00%	-1,057.26%	-510.24%	0.00%	390.26%	591.35%	260.80%	0.00%	688.57%
Net Operating Profit after Tax (NOPAT)	-31	-17	-24	-25	-30	-31	-27	-35	-28	-25	-24
NOPAT Margin	-18.33%	-9.43%	-15.65%	-16.98%	-21.91%	-22.74%	-22.70%	-29.85%	-25.88%	-23.14%	-27.25%
Net Nonoperating Expense Percent (NNEP)	5.14%	4.27%	3.62%	3.84%	4.93%	5.69%	4.56%	5.24%	5.61%	4.60%	6.38%
Return On Investment Capital (ROIC_SIMPLE)	-6.34%	-2.83%	-	-	-	-5.11%	-	-	-	-6.88%	-
Cost of Revenue to Revenue	31.44%	31.23%	31.84%	29.52%	29.70%	31.01%	32.31%	44.80%	35.46%	35.01%	33.75%
SG&A Expenses to Revenue	75.08%	64.79%	72.45%	77.44%	82.13%	75.47%	77.30%	74.66%	83.64%	77.32%	84.54%
R&D to Revenue	9.80%	13.15%	13.51%	13.12%	13.01%	16.15%	16.91%	12.46%	12.15%	10.95%	13.48%
Operating Expenses to Revenue	94.74%	82.25%	90.52%	94.73%	101.60%	101.49%	100.12%	97.84%	101.52%	98.05%	105.17%
Earnings before Interest and Taxes (EBIT)	-27	-26	-33	-35	-43	-45	-38	-48	-40	-34	-36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.96	-3.15	-10.00	-13	-23	-27	-22	-32	-26	-21	-23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	85.43	50.05	26.36	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.28	2.13	1.36	2.71	3.67	4.27	3.47	5.05	4.46	3.70	2.87
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.31	3.78	2.57	3.95	5.07	5.75	5.12	6.72	6.78	5.51	4.30
Enterprise Value to Revenue (EV/Rev)	2.97	2.93	2.24	3.58	4.48	4.97	4.43	6.01	5.40	4.64	3.83
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-9.22	63.97	25.04	13.48	8.76	5.27	-25.92	-106.12	-13.28	-35.34	376.04
Long-Term Debt to Equity	-9.18	63.79	24.96	13.42	8.71	5.26	-25.83	-105.63	-12.81	-33.99	362.94
Financial Leverage	-688.52	7.02	526.58	22.97	27.89	6.86	-35.50	21.27	17.69	4.85	2.83
Leverage Ratio	-1,320.96	14.22	841.42	38.62	50.93	14.63	-60.77	38.53	36.28	11.89	8.17
Compound Leverage Factor	-2,585.36	18.17	1,008.59	45.01	57.22	16.07	-67.84	41.68	39.82	12.35	8.47
Debt to Total Capital	112.16%	98.46%	96.16%	93.09%	89.75%	84.06%	104.01%	100.95%	108.15%	102.91%	99.73%
Short-Term Debt to Total Capital	0.50%	0.27%	0.31%	0.39%	0.43%	0.28%	0.34%	0.46%	3.77%	3.93%	3.48%
Long-Term Debt to Total Capital	111.66%	98.19%	95.85%	92.71%	89.32%	83.78%	103.67%	100.49%	104.38%	98.98%	96.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.60%	3.85%	4.08%	4.00%	3.96%	3.70%	4.61%	4.93%	5.53%	6.21%	6.05%
Common Equity to Total Capital	-16.76%	-2.31%	-0.24%	2.90%	6.29%	12.24%	-8.62%	-5.89%	-13.68%	-9.12%	-5.79%
Debt to EBITDA	-19.74	-12.21	-7.62	-6.47	-5.16	-5.02	-5.25	-4.68	-4.80	-3.89	-3.59
Net Debt to EBITDA	-14.48	-9.40	-6.52	-5.29	-3.77	-2.95	-4.05	-3.70	-3.59	-3.05	-2.61
Long-Term Debt to EBITDA	-19.66	-12.18	-7.60	-6.44	-5.14	-5.00	-5.24	-4.66	-4.64	-3.74	-3.47
Debt to NOPAT	-5.99	-6.33	-5.06	-4.84	-4.34	-4.42	-4.65	-4.31	-4.51	-3.80	-3.70
Net Debt to NOPAT	-4.39	-4.87	-4.33	-3.96	-3.17	-2.60	-3.58	-3.40	-3.37	-2.98	-2.69
Long-Term Debt to NOPAT	-5.96	-6.31	-5.04	-4.82	-4.32	-4.41	-4.64	-4.29	-4.36	-3.66	-3.57
Altman Z-Score	-0.21	-0.21	-0.74	-0.12	0.31	0.66	-0.06	0.46	0.10	-0.32	-0.65
Noncontrolling Interest Sharing Ratio	-3,997.12%	42.47%	2,804.87%	130.53%	178.84%	52.07%	-241.78%	159.52%	153.13%	51.33%	34.61%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.75	2.73	2.32	2.22	2.39	2.86	2.25	2.16	2.09	1.84	2.14
Quick Ratio	1.54	1.45	1.02	1.08	1.37	1.86	1.26	1.16	1.25	1.04	1.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	62	-73	-132	-137	-173	-153	-133	-130	-72	-77	-70
Operating Cash Flow to CapEx	-50.72%	532.81%	-33.73%	-33.41%	-122.76%	-97.23%	-89.22%	-93.38%	-112.57%	-62.39%	-152.28%
Free Cash Flow to Firm to Interest Expense	2.45	-10.28	-20.07	-23.58	-32.38	-34.73	-29.80	-33.53	-18.61	-58.07	-54.20
Operating Cash Flow to Interest Expense	-0.20	1.47	-0.81	-1.96	-7.20	-5.66	-3.88	-4.59	-4.73	-6.32	-11.43
Operating Cash Flow Less CapEx to Interest Expense	-0.59	1.20	-3.22	-7.82	-13.06	-11.49	-8.22	-9.51	-8.93	-16.46	-18.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.82	0.77	0.81	0.77	0.76	0.73	0.76	0.74	0.70	0.64	0.57
Accounts Receivable Turnover	7.21	7.86	8.01	7.51	6.77	7.27	7.81	8.12	7.57	6.88	7.56
Inventory Turnover	1.23	1.20	1.11	1.13	1.34	1.44	1.43	1.42	1.30	1.22	1.12
Fixed Asset Turnover	4.04	3.99	3.75	3.60	3.64	3.83	3.87	3.86	3.78	3.71	3.62
Accounts Payable Turnover	4.02	3.67	3.19	2.84	3.51	4.11	3.99	4.12	3.69	3.90	3.49
Days Sales Outstanding (DSO)	50.62	46.43	45.56	48.61	53.88	50.21	46.71	44.94	48.25	53.03	48.30
Days Inventory Outstanding (DIO)	296.47	304.11	327.46	323.07	273.20	252.83	255.40	256.51	280.68	299.33	324.59
Days Payable Outstanding (DPO)	90.73	99.36	114.46	128.71	103.99	88.81	91.57	88.50	98.99	93.69	104.73
Cash Conversion Cycle (CCC)	256.36	251.19	258.56	242.98	223.10	214.23	210.54	212.95	229.94	258.67	268.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	359	474	498	490	453	417	390	377	310	295	284
Invested Capital Turnover	1.58	1.37	1.29	1.25	1.34	1.35	1.34	1.28	1.35	1.30	1.22
Increase / (Decrease) in Invested Capital	-93	57	108	112	143	122	106	96	44	53	45
Enterprise Value (EV)	1,907	1,790	1,280	1,934	2,295	2,399	1,994	2,536	2,102	1,627	1,221
Market Capitalization	1,462	1,301	781	1,462	1,880	2,060	1,561	2,131	1,733	1,297	915
Book Value per Share	($0.60)	($0.10)	($0.01)	$0.12	$0.27	$0.57	($0.37)	($0.24)	($0.53)	($0.33)	($0.22)
Tangible Book Value per Share	($1.76)	($1.26)	($1.24)	($1.10)	($0.95)	($0.71)	($1.81)	($1.74)	($1.69)	($1.57)	($1.34)
Total Capital	513	613	579	590	597	638	512	478	427	380	390
Total Debt	575	603	557	549	536	537	533	483	461	391	389
Total Long-Term Debt	572	602	555	547	533	535	531	481	445	376	375
Net Debt	422	465	476	449	391	316	410	382	345	306	283
Capital Expenditures (CapEx)	9.93	1.98	16	34	31	26	19	19	16	13	9.65
Debt-free, Cash-free Net Working Capital (DFCFNWC)	126	127	127	110	94	74	65	62	56	47	51
Debt-free Net Working Capital (DFNWC)	280	266	208	209	239	295	187	163	172	132	157
Net Working Capital (NWC)	277	264	206	207	236	294	186	161	156	117	143
Net Nonoperating Expense (NNE)	21	17	16	16	18	18	16	16	15	10	12
Net Nonoperating Obligations (NNO)	422	465	476	449	391	316	410	382	345	306	283
Total Depreciation and Amortization (D&A)	24	23	23	22	20	18	17	16	13	13	12
Debt-free, Cash-free Net Working Capital to Revenue	19.67%	20.80%	22.18%	20.29%	18.46%	15.42%	14.38%	14.72%	14.30%	13.40%	15.89%
Debt-free Net Working Capital to Revenue	43.53%	43.50%	36.32%	38.77%	46.63%	61.24%	41.60%	38.67%	44.29%	37.54%	49.16%
Net Working Capital to Revenue	43.13%	43.23%	36.00%	38.34%	46.13%	60.86%	41.20%	38.15%	40.16%	33.28%	44.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.35)	($0.22)	($0.28)	($0.29)	($0.34)	($0.36)	($0.35)	($0.43)	($0.40)	($0.32)	($0.35)
Adjusted Weighted Average Basic Shares Outstanding	146.73M	142.95M	143.49M	142.69M	140.98M	121.24M	122.47M	118.72M	109.75M	103.37M	104.80M
Adjusted Diluted Earnings per Share	($0.35)	($0.22)	($0.28)	($0.29)	($0.34)	($0.36)	($0.35)	($0.43)	($0.40)	($0.32)	($0.35)
Adjusted Weighted Average Diluted Shares Outstanding	146.73M	142.95M	143.49M	142.69M	140.98M	121.24M	122.47M	118.72M	109.75M	103.37M	104.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	146.17M	144.15M	141.77M	140.46M	139.88M	137.98M	136.30M	120.32M	118.50M	111.11M	105.06M
Normalized Net Operating Profit after Tax (NOPAT)	-31	-15	-23	-25	-30	-31	-27	-34	-28	-24	-24
Normalized NOPAT Margin	-18.17%	-8.75%	-15.22%	-16.91%	-21.57%	-22.58%	-22.46%	-28.70%	-25.77%	-23.07%	-27.21%
Pre Tax Income Margin	-30.72%	-18.60%	-26.31%	-28.14%	-35.07%	-35.66%	-36.17%	-43.98%	-39.88%	-33.33%	-41.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.04	-3.60	-5.03	-6.04	-8.09	-10.14	-8.59	-12.21	-10.23	-25.57	-27.69
NOPAT to Interest Expense	-1.22	-2.33	-3.59	-4.25	-5.68	-7.11	-6.02	-8.97	-7.29	-18.45	-19.05
EBIT Less CapEx to Interest Expense	-1.44	-3.88	-7.44	-11.91	-13.96	-15.97	-12.94	-17.13	-14.43	-35.70	-35.20
NOPAT Less CapEx to Interest Expense	-1.61	-2.61	-6.00	-10.11	-11.54	-12.93	-10.37	-13.89	-11.49	-28.58	-26.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Alphatec's Financials

When does Alphatec's fiscal year end?

According to the most recent income statement we have on file, Alphatec's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Alphatec's net income changed over the last 10 years?

Alphatec's net income appears to be on an upward trend, with a most recent value of -$162.12 million in 2024, rising from -$12.88 million in 2014. The previous period was -$186.64 million in 2023. Check out Alphatec's forecast to explore projected trends and price targets.

What is Alphatec's operating income?

Alphatec's total operating income in 2024 was -$136.17 million, based on the following breakdown:

Total Gross Profit: $424.26 million
Total Operating Expenses: $560.43 million

How has Alphatec revenue changed over the last 10 years?

Over the last 10 years, Alphatec's total revenue changed from $154.63 million in 2014 to $611.56 million in 2024, a change of 295.5%.

How much debt does Alphatec have?

Alphatec's total liabilities were at $766.28 million at the end of 2024, a 8.9% increase from 2023, and a 344.6% increase since 2014.

How much cash does Alphatec have?

In the past 10 years, Alphatec's cash and equivalents has ranged from $6.30 million in 2015 to $220.97 million in 2023, and is currently $138.84 million as of their latest financial filing in 2024.

How has Alphatec's book value per share changed over the last 10 years?

Over the last 10 years, Alphatec's book value per share changed from 1.52 in 2014 to -0.10 in 2024, a change of -106.6%.

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This page (NASDAQ:ATEC) was last updated on 5/29/2025 by MarketBeat.com Staff

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Alphatec (ATEC) Financials

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Alphatec (ATEC) Financials

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