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Alphatec (ATEC) Financials

Alphatec logo
$9.78 +0.04 (+0.36%)
Closing price 03:59 PM Eastern
Extended Trading
$9.78 0.00 (0.00%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Alphatec

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -179 -30 -2.29 -42 -57 -79 -143 -151 -187 -162 -143
Consolidated Net Income / (Loss)		 -179 -30 -2.29 -29 -57 -79 -143 -151 -187 -162 -143
Net Income / (Loss) Continuing Operations		 -171 -26 -4.54 -29 -57 -79 -143 -151 -187 -162 -143
Total Pre-Tax Income 		-172 -31 -4.57 -30 -57 -79 -144 -152 -187 -162 -143
Total Operating Income		 -176 -15 -9.00 -22 -47 -59 -128 -147 -173 -136 -82
Total Gross Profit		 88 76 68 63 78 103 158 233 310 424 532
Total Revenue		 134 120 102 92 113 145 243 351 482 612 764
Operating Revenue		 134 120 102 92 113 145 243 351 482 612 764
Total Cost of Revenue		 46 44 34 28 36 42 85 118 172 187 232
Operating Cost of Revenue		 46 44 34 28 36 42 85 118 172 187 232
Total Operating Expenses		 264 92 77 86 125 161 286 380 484 560 614
Selling, General & Admin Expense		 28 26 70 73 102 129 229 300 374 450 499
Research & Development Expense		 18 9.25 4.92 9.85 14 19 32 44 70 81 76
Amortization Expense		 1.20 0.93 0.69 0.74 0.70 0.69 5.35 10 14 16 15
Other Operating Expenses / (Income)		 - - - 5.68 8.55 8.55 11 24 22 9.80 24
Restructuring Charge		 0.60 2.29 2.21 2.93 0.06 4.22 8.06 1.93 2.83 3.46 0.38
Total Other Income / (Expense), net		 3.46 -16 4.43 -7.73 -9.87 -20 -16 -5.03 -14 -26 -61
Interest Expense		 4.00 9.48 - 0.59 9.87 20 15 5.51 17 25 63
Other Income / (Expense), net		 7.45 -0.72 12 -7.14 - 0.00 -1.56 0.47 3.12 -1.03 2.22
Income Tax Expense		 -1.15 -4.63 -0.03 -1.36 -0.24 0.15 -1.13 -0.72 -0.28 0.05 -0.05
Basic Earnings per Share		 ($21.53) ($3.49) ($0.18) ($1.20) ($1.09) ($1.18) ($1.49) ($1.46) ($1.54) ($1.13) ($0.96)
Weighted Average Basic Shares Outstanding		 8.30M 8.58M 12.79M 35.32M 52.23M 67.02M 96.20M 103.37M 121.24M 142.95M 150.06M
Diluted Earnings per Share		 ($21.53) ($3.49) ($1.08) ($1.20) ($1.09) ($1.18) ($1.49) ($1.46) ($1.54) ($1.13) ($0.96)
Weighted Average Diluted Shares Outstanding		 8.30M 8.58M 13.28M 35.32M 52.23M 67.02M 96.20M 103.37M 121.24M 142.95M 150.06M
Weighted Average Basic & Diluted Shares Outstanding		 102.15M 9.05M 25.47M 35.32M 52.23M 67.02M 96.20M 111.11M 137.98M 144.15M 151.36M

Quarterly Income Statements for Alphatec

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -49 -48 -41 -40 -33 -52 -41 -29 -22 -34 -26
Consolidated Net Income / (Loss)		 -49 -48 -41 -40 -33 -52 -41 -29 -22 -34 -26
Net Income / (Loss) Continuing Operations		 -49 -48 -41 -40 -33 -52 -41 -29 -22 -34 -26
Total Pre-Tax Income 		-49 -49 -41 -40 -33 -52 -41 -29 -22 -34 -26
Total Operating Income		 -45 -43 -35 -34 -24 -44 -13 -16 -8.82 -23 -1.91
Total Gross Profit		 95 97 103 103 122 116 129 137 149 136 154
Total Revenue		 138 138 146 151 177 169 186 197 213 192 214
Operating Revenue		 138 138 146 151 177 169 186 197 213 192 214
Total Cost of Revenue		 43 41 43 48 55 53 56 59 63 56 59
Operating Cost of Revenue		 43 41 43 48 55 53 56 59 63 56 59
Total Operating Expenses		 140 141 138 136 145 160 142 153 158 159 156
Selling, General & Admin Expense		 104 114 113 109 115 127 119 124 129 137 134
Research & Development Expense		 22 18 19 20 23 17 18 19 23 18 18
Amortization Expense		 3.82 3.85 3.84 3.85 4.72 4.10 3.80 3.73 3.42 3.92 3.92
Other Operating Expenses / (Income)		 9.47 4.43 2.09 2.09 1.19 12 1.59 6.52 3.46 0.53 -0.09
Restructuring Charge		 0.32 0.79 0.14 0.93 1.71 0.37 0.01 0.00 - 0.00 0.00
Total Other Income / (Expense), net		 -4.37 -5.22 -5.66 -5.95 -9.07 -7.68 -28 -13 -13 -11 -24
Interest Expense		 4.42 5.34 5.82 6.57 7.15 25 12 13 13 12 23
Other Income / (Expense), net		 0.04 0.12 0.16 0.62 -1.92 18 -16 0.31 -0.03 0.45 -0.87
Income Tax Expense		 -0.12 -0.07 -0.29 -0.04 0.44 -0.06 -0.04 0.07 -0.02 0.05 0.16
Basic Earnings per Share		 ($0.36) ($0.34) ($0.29) ($0.28) ($0.22) ($0.35) ($0.27) ($0.19) ($0.15) ($0.22) ($0.16)
Weighted Average Basic Shares Outstanding		 121.24M 140.98M 142.69M 143.49M 142.95M 146.73M 149.91M 151.40M 150.06M 154.05M 156.58M
Diluted Earnings per Share		 ($0.36) ($0.34) ($0.29) ($0.28) ($0.22) ($0.35) ($0.27) ($0.19) ($0.15) ($0.22) ($0.16)
Weighted Average Diluted Shares Outstanding		 121.24M 140.98M 142.69M 143.49M 142.95M 146.73M 149.91M 151.40M 150.06M 154.05M 156.58M
Weighted Average Basic & Diluted Shares Outstanding		 137.98M 139.88M 140.46M 141.77M 144.15M 146.17M 147.98M 148.55M 151.36M - 154.45M

Annual Cash Flow Statements for Alphatec

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -8.51 8.52 2.87 6.59 18 61 79 -103 136 -82 22
Net Cash From Operating Activities		 10 -9.96 -8.73 -26 -33 -46 -73 -75 -78 -45 45
Net Cash From Continuing Operating Activities		 10 -9.96 -8.73 -26 -33 -46 -73 -75 -78 -45 45
Net Income / (Loss) Continuing Operations		 -179 -30 -2.29 -29 -57 -79 -143 -151 -187 -162 -143
Consolidated Net Income / (Loss)		 -179 -30 -2.29 -29 -57 -79 -143 -151 -187 -162 -143
Depreciation Expense		 19 12 7.48 6.79 7.58 11 27 41 56 78 77
Amortization Expense		 4.70 3.63 2.76 2.09 4.64 4.66 5.29 4.80 7.18 9.36 28
Non-Cash Adjustments To Reconcile Net Income		 171 8.80 -6.26 3.75 20 33 60 53 99 89 107
Changes in Operating Assets and Liabilities, net		 -5.62 -4.83 -10 -9.26 -8.53 -16 -22 -23 -54 -59 -23
Net Cash From Investing Activities		 -12 62 -6.50 -22 -13 -24 -158 -58 -142 -93 -53
Net Cash From Continuing Investing Activities		 -12 62 -6.50 -22 -13 -24 -158 -58 -142 -93 -53
Purchase of Property, Plant & Equipment		 -12 -8.90 -7.60 -6.51 -13 -23 -69 -49 -81 -83 -42
Acquisitions		 0.00 -0.25 - -16 0.00 -0.76 -83 -8.83 -61 -9.91 -10
Other Investing Activities, net		 - - 1.10 - - 0.00 -2.99 0.00 0.00 0.00 -0.77
Net Cash From Financing Activities		 -6.53 -43 18 54 64 131 312 31 357 56 30
Net Cash From Continuing Financing Activities		 -6.53 -43 18 54 64 131 312 31 357 56 30
Repayment of Debt		 -153 -190 -103 -123 -116 -23 -57 -28 -138 -166 -67
Repurchase of Preferred Equity		 - - - - - - - - 0.00 0.00 -268
Issuance of Debt		 147 147 96 125 124 42 316 63 282 223 407
Issuance of Common Equity		 0.38 0.11 24 52 56 108 132 0.00 213 0.00 0.00
Other Financing Activities, net		 - - - - - 3.34 -54 -3.04 -1.06 -0.56 -42
Effect of Exchange Rate Changes		 0.15 -0.09 0.28 -0.02 0.03 0.09 -1.40 -0.37 -0.19 -0.55 0.13
Cash Interest Paid		 7.63 7.37 4.70 5.14 5.97 6.33 5.03 3.86 17 20 24
Cash Income Taxes Paid		 0.62 0.92 0.11 0.13 0.16 0.19 0.22 0.27 0.33 0.28 0.39

Quarterly Cash Flow Statements for Alphatec

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 98 -77 -44 -19 58 14 3.82 -1.32 5.07 -21 -21
Net Cash From Operating Activities		 -25 -38 -11 -5.34 11 -5.04 16 14 21 1.29 21
Net Cash From Continuing Operating Activities		 -25 -38 -11 -5.34 11 -5.04 16 14 21 1.29 21
Net Income / (Loss) Continuing Operations		 -49 -48 -41 -40 -33 -52 -41 -29 -22 -34 -26
Consolidated Net Income / (Loss)		 -49 -48 -41 -40 -33 -52 -41 -29 -22 -34 -26
Depreciation Expense		 16 18 20 21 20 20 19 19 19 19 20
Amortization Expense		 1.99 2.09 2.26 2.43 2.59 3.69 7.70 7.93 8.27 8.09 9.56
Non-Cash Adjustments To Reconcile Net Income		 25 21 22 23 23 28 36 20 22 27 36
Changes in Operating Assets and Liabilities, net		 -18 -31 -15 -11 -1.27 -5.12 -6.49 -4.20 -7.37 -19 -19
Net Cash From Investing Activities		 -28 -34 -36 -20 -3.75 -12 -12 -14 -16 -20 -23
Net Cash From Continuing Investing Activities		 -28 -34 -36 -20 -3.75 -12 -12 -14 -16 -20 -23
Purchase of Property, Plant & Equipment		 -26 -31 -34 -16 -1.98 -9.93 -10 -9.23 -13 -12 -20
Acquisitions		 -2.50 -2.31 -1.79 -4.04 -1.77 -1.68 -1.85 -4.66 -2.00 -2.22 -2.16
Other Investing Activities, net		 - - - - - 0.00 - - - -5.58 -0.62
Net Cash From Financing Activities		 152 -4.37 3.24 6.69 51 31 0.37 -1.31 0.21 -1.77 -20
Net Cash From Continuing Financing Activities		 152 -4.37 3.24 6.69 51 31 0.37 -1.31 0.21 -1.77 -20
Repayment of Debt		 -185 -42 -43 -27 -53 -52 -5.69 388 -397 -2.36 -228
Issuance of Debt		 190 42 46 34 101 397 3.70 -389 396 2.75 212
Other Financing Activities, net		 -0.06 -4.70 -0.33 0.29 3.02 -45 2.36 -0.05 1.21 -2.17 -3.92
Effect of Exchange Rate Changes		 0.09 -0.46 -0.21 -0.33 0.45 0.30 0.08 -0.16 -0.09 -0.52 0.48
Cash Interest Paid		 6.07 5.46 4.30 5.58 4.97 6.53 5.19 7.05 5.05 6.55 0.14

Annual Balance Sheets for Alphatec

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 146 94 85 129 170 261 572 521 805 776 791
Total Current Assets		 101 73 66 76 108 184 331 256 451 417 451
Cash & Equivalents		 6.30 20 22 29 47 108 187 85 221 139 161
Accounts Receivable		 27 19 15 15 16 24 42 60 73 83 97
Inventories, net		 33 30 27 29 35 46 92 102 137 175 169
Prepaid Expenses		 3.14 4.26 1.77 2.03 9.88 5.44 10 9.36 21 20 23
Plant, Property, & Equipment, net		 16 15 13 13 20 37 87 102 150 156 135
Total Noncurrent Assets		 29 6.29 5.51 41 42 40 153 163 204 202 205
Goodwill		 - - - 14 14 14 40 47 73 71 75
Intangible Assets		 8.81 5.71 5.25 26 26 25 85 83 102 94 93
Other Noncurrent Operating Assets		 0.50 0.52 0.21 0.35 2.35 1.72 29 33 29 37 36
Total Liabilities & Shareholders' Equity		 146 94 85 129 170 261 572 521 805 776 791
Total Liabilities		 159 112 88 88 103 108 469 532 703 766 755
Total Current Liabilities		 125 40 30 31 36 58 101 139 158 153 219
Short-Term Debt		 80 3.11 3.31 3.28 0.49 4.17 0.34 15 1.81 1.66 65
Accounts Payable		 14 8.70 3.88 4.40 7.77 18 26 35 49 53 41
Accrued Expenses		 21 28 22 22 26 35 56 72 88 81 97
Other Current Liabilities		 0.69 - - - 1.31 0.89 19 17 19 17 17
Total Noncurrent Liabilities		 34 72 58 58 66 49 368 393 546 613 536
Long-Term Debt		 0.48 43 38 42 53 38 326 350 511 575 501
Capital Lease Obligations		 - - - - - - - 27 24 27 24
Other Noncurrent Operating Liabilities		 32 29 20 15 13 11 41 17 11 11 11
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		 -37 -42 -27 18 44 130 79 -35 78 -14 12
Total Preferred & Common Equity		 -37 -42 -27 18 44 130 79 -35 78 -14 12
Total Common Equity		 -37 -42 -27 18 44 130 79 -35 78 -14 12
Common Stock		 417 420 437 524 607 771 893 934 1,230 1,306 1,466
Retained Earnings		 -427 -457 -459 -502 -559 -638 -782 -932 -1,119 -1,281 -1,424
Treasury Stock		 -0.10 -0.10 -0.10 -0.10 -0.10 -0.10 -25 -25 -25 -25 -25
Accumulated Other Comprehensive Income / (Loss)		 -21 0.97 1.09 1.06 1.09 1.20 -5.99 -11 -8.32 -14 -4.43

Quarterly Balance Sheets for Alphatec

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 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 570 628 670 775 769 746 785 790 787 799 791
Total Current Assets		 299 300 334 405 377 362 435 443 440 456 449
Cash & Equivalents		 117 101 123 144 100 81 153 157 156 140 119
Accounts Receivable		 62 60 65 89 84 78 89 96 97 106 110
Inventories, net		 108 120 131 153 172 183 171 170 167 186 195
Prepaid Expenses		 12 19 16 20 20 20 21 21 20 24 25
Plant, Property, & Equipment, net		 110 119 134 171 181 171 147 140 138 138 139
Total Noncurrent Assets		 161 209 203 198 211 212 204 207 209 205 203
Goodwill		 48 73 72 72 72 73 72 75 75 74 74
Intangible Assets		 81 106 102 100 99 99 95 96 96 90 88
Other Noncurrent Operating Assets		 32 31 29 26 40 40 37 36 38 41 40
Total Liabilities & Shareholders' Equity		 570 628 670 775 769 746 785 790 787 799 791
Total Liabilities		 604 633 691 713 728 724 848 743 752 781 779
Total Current Liabilities		 143 139 148 169 169 156 158 154 221 240 238
Short-Term Debt		 16 2.21 1.77 2.55 2.29 1.79 2.57 1.93 65 66 65
Accounts Payable		 39 44 50 60 73 60 39 47 37 46 62
Accrued Expenses		 69 74 77 88 76 76 99 87 103 112 93
Other Current Liabilities		 19 19 19 19 18 19 18 18 17 17 18
Total Noncurrent Liabilities		 462 494 543 544 558 567 690 589 531 541 542
Long-Term Debt		 419 455 507 512 517 526 546 552 495 508 511
Capital Lease Obligations		 26 25 24 21 30 29 27 26 25 23 22
Other Noncurrent Operating Liabilities		 16 13 12 11 12 12 118 11 11 10 9.11
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		 -58 -28 -44 38 17 -1.36 -86 24 12 -5.35 -12
Total Preferred & Common Equity		 -58 -28 -44 38 17 -1.36 -86 24 12 -5.35 -12
Total Common Equity		 -58 -28 -44 38 17 -1.36 -86 24 12 -5.35 -12
Common Stock		 952 1,034 1,063 1,241 1,262 1,280 1,283 1,427 1,444 1,485 1,504
Retained Earnings		 -976 -1,027 -1,070 -1,167 -1,208 -1,248 -1,333 -1,374 -1,403 -1,458 -1,484
Treasury Stock		 -25 -25 -25 -25 -25 -25 -25 -25 -25 -25 -25
Accumulated Other Comprehensive Income / (Loss)		 -9.69 -9.51 -12 -11 -12 -8.41 -10 -4.26 -4.35 -6.45 -6.67

Annual Metrics And Ratios for Alphatec

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -13.09% -10.52% -15.39% -9.87% 23.70% 27.71% 67.89% 44.26% 37.45% 26.81% 24.95%
EBITDA Growth		 -609.34% 99.93% 13,654.08% -255.86% -69.34% -23.38% -125.58% -3.03% -6.39% 53.80% 150.94%
EBIT Growth		 -5,171.03% 90.44% 118.90% -1,072.67% -59.83% -24.51% -120.21% -13.03% -16.22% 19.43% 41.76%
NOPAT Growth		 -26,037.03% 91.26% 41.45% -149.25% -110.68% -24.51% -117.55% -14.77% -17.98% 21.47% 39.69%
Net Income Growth		 -1,287.02% 83.25% 92.33% -1,163.08% -96.73% -38.58% -81.07% -5.78% -23.36% 13.14% 11.57%
EPS Growth		 -1,287.02% 83.79% 69.05% -11.11% 9.17% -8.26% -26.27% 2.01% -5.48% 26.62% 15.04%
Operating Cash Flow Growth		 149.94% -198.37% 12.35% -193.37% -29.34% -40.13% -57.97% -2.48% -4.46% 43.11% 201.30%
Free Cash Flow Firm Growth		 3,310.77% -99.36% -2,405.84% -347.91% 15.33% -11.88% -344.39% 36.35% -56.48% 37.50% 68.16%
Invested Capital Growth		 -91.20% -55.67% 73.84% 270.12% 27.68% 18.61% 176.10% 21.70% 41.32% 13.61% -1.91%
Revenue Q/Q Growth		 4.80% 19.55% -0.79% -1.01% 6.59% 8.71% 14.07% 10.03% 7.11% 6.78% 4.96%
EBITDA Q/Q Growth		 -11.86% -104.45% 621.52% -127.08% 2.27% -6.37% -20.69% 7.13% -5.47% 32.35% 617.91%
EBIT Q/Q Growth		 -9.50% 8.14% 124.40% -61.17% -1.72% -4.50% -21.19% 3.11% -6.78% 12.19% 17.45%
NOPAT Q/Q Growth		 -7.39% 13.64% 27.75% -22.27% -16.81% -4.50% -19.73% 2.07% -5.99% 13.37% 15.44%
Net Income Q/Q Growth		 -5.70% 15.64% 85.39% -211.83% -12.65% -14.11% -9.24% 2.64% -8.29% 8.85% 7.49%
EPS Q/Q Growth		 -5.70% 15.70% 4.42% -445.45% 27.33% 0.00% 0.00% 5.81% -2.67% 11.02% 6.80%
Operating Cash Flow Q/Q Growth		 81.47% -324.71% 51.36% -49.45% 0.06% 4.80% -12.27% 7.78% -26.83% 44.31% 28.97%
Free Cash Flow Firm Q/Q Growth		 58.35% -98.90% 45.04% -13.32% 2.89% -16.36% -6.23% -3.54% -10.35% 30.33% -42.70%
Invested Capital Q/Q Growth		 -67.93% 17,582.35% 5.14% 8.87% -1.98% 5.34% 1.69% 4.06% 7.05% -4.83% 0.20%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 65.50% 63.31% 67.06% 68.97% 68.41% 70.76% 64.87% 66.42% 64.32% 69.37% 69.60%
EBITDA Margin		 -107.66% -0.08% 13.06% -22.58% -30.91% -29.86% -40.12% -28.65% -22.18% -8.08% 3.29%
Operating Margin		 -130.86% -12.79% -8.85% -24.47% -41.68% -40.63% -52.65% -41.89% -35.95% -22.27% -10.75%
EBIT Margin		 -125.32% -13.38% 2.99% -32.26% -41.68% -40.63% -53.30% -41.75% -35.31% -22.43% -10.46%
Profit (Net Income) Margin		 -132.96% -24.89% -2.25% -31.60% -50.25% -54.53% -58.81% -43.12% -38.70% -26.51% -18.76%
Tax Burden Percent		 103.64% 96.74% 50.15% 96.04% 99.76% 100.18% 99.22% 99.53% 99.85% 100.03% 99.97%
Interest Burden Percent		 102.37% 192.24% -150.41% 101.99% 120.87% 133.95% 111.22% 103.76% 109.77% 118.13% 179.47%
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)		 -97.91% -73.32% -51.04% -42.63% -50.10% -50.88% -54.25% -38.26% -34.07% -21.39% -12.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 -218.93% -136.94% -33.48% -117.21% -251.91% 77.73% -198.61% -59.97% -55.06% -38.51% -31.46%
Return on Net Nonoperating Assets (RNNOA)		 -126.01% 267.17% 72.93% -109.39% -55.06% -20.70% -57.27% -290.78% -377.69% -270.32% -618.41%
Return on Equity (ROE)		 -223.93% 193.85% 21.89% -152.01% -105.16% -71.58% -111.52% -329.04% -411.75% -291.71% -630.66%
Cash Return on Invested Capital (CROIC)		 69.72% 3.83% -104.97% -157.54% -74.41% -67.91% -147.89% -57.83% -68.32% -34.13% -10.31%
Operating Return on Assets (OROA)		 -68.56% -13.38% 3.40% -27.63% -31.58% -27.30% -31.11% -26.81% -25.68% -17.36% -10.20%
Return on Assets (ROA)		 -72.74% -24.88% -2.57% -27.06% -38.07% -36.64% -34.33% -27.68% -28.15% -20.51% -18.30%
Return on Common Equity (ROCE)		 -157.69% 490.25% 71.21% 36.22% -59.37% -56.27% -91.00% -160.13% -197.35% -167.82% 24.18%
Return on Equity Simple (ROE_SIMPLE)		 488.51% 72.10% 8.61% -164.87% -130.65% -60.82% -180.09% 436.42% -238.92% 1,144.21% 0.00%
Net Operating Profit after Tax (NOPAT)		 -123 -11 -6.30 -16 -33 -41 -90 -103 -121 -95 -57
NOPAT Margin		 -91.60% -8.95% -6.19% -17.13% -29.18% -28.44% -36.86% -29.32% -25.17% -15.59% -7.52%
Net Nonoperating Expense Percent (NNEP)		 121.01% 63.62% -17.56% 74.58% 201.80% -128.62% 144.36% 21.71% 20.99% 17.13% 19.22%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -28.87% -19.75% -16.17% -9.55%
Cost of Revenue to Revenue		 34.50% 36.69% 32.94% 31.03% 31.59% 29.24% 35.13% 33.58% 35.68% 30.63% 30.40%
SG&A Expenses to Revenue		 20.93% 21.90% 68.76% 79.22% 89.67% 89.16% 94.27% 85.51% 77.57% 73.61% 65.24%
R&D to Revenue		 13.31% 7.69% 4.84% 10.75% 12.21% 12.94% 13.16% 12.55% 14.54% 13.20% 9.98%
Operating Expenses to Revenue		 196.35% 76.10% 75.91% 93.44% 110.09% 111.39% 117.52% 108.31% 100.28% 91.64% 80.35%
Earnings before Interest and Taxes (EBIT)		 -168 -16 3.04 -30 -47 -59 -130 -147 -170 -137 -80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -145 -0.10 13 -21 -35 -43 -98 -101 -107 -49 25
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 5.63 9.98 8.77 14.29 0.00 26.36 0.00 251.53
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 105.44 12.48 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.23 0.24 0.44 1.08 3.84 7.86 4.67 3.70 4.27 2.13 4.09
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)		 6.17 8.74 5.53 2.40 6.29 12.48 5.35 5.51 5.75 3.78 7.69
Enterprise Value to Revenue (EV/Rev)		 0.93 0.66 0.85 1.52 4.11 7.57 5.34 4.64 4.97 2.93 4.68
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 6.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 142.16
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 28.51 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)		 12.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 79.11
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.43 140.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -6.18 -2.58 -13.44 1.11 0.80 0.27 3.17 -35.34 5.27 63.97 16.37
Long-Term Debt to Equity		 -0.04 -2.41 -12.36 1.03 0.80 0.25 3.17 -33.99 5.26 63.79 14.58
Financial Leverage		 0.58 -1.95 -2.18 0.93 0.22 -0.27 0.29 4.85 6.86 7.02 19.66
Leverage Ratio		 3.08 -7.79 -8.53 5.62 2.76 1.95 3.25 11.89 14.63 14.22 34.47
Compound Leverage Factor		 3.15 -14.98 12.84 5.73 3.34 2.62 3.61 12.33 16.06 16.80 61.85
Debt to Total Capital		 119.29% 163.25% 108.04% 52.53% 44.51% 21.55% 76.03% 102.91% 84.06% 98.46% 94.24%
Short-Term Debt to Total Capital		 118.58% 11.00% 8.70% 3.78% 0.40% 2.13% 0.08% 3.93% 0.28% 0.27% 10.31%
Long-Term Debt to Total Capital		 0.71% 152.25% 99.34% 48.76% 44.11% 19.42% 75.95% 98.98% 83.78% 98.19% 83.93%
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		 35.10% 83.39% 62.08% 27.21% 19.48% 12.06% 5.49% 6.21% 3.70% 3.85% 3.77%
Common Equity to Total Capital		 -54.39% -146.64% -70.12% 20.26% 36.01% 66.38% 18.48% -9.12% 12.24% -2.31% 1.99%
Debt to EBITDA		 -0.55 -471.48 3.09 -2.20 -1.54 -0.97 -3.35 -3.89 -5.02 -12.21 23.43
Net Debt to EBITDA		 -0.49 -271.55 1.40 -0.80 -0.19 1.52 -1.43 -3.05 -2.95 -9.40 17.04
Long-Term Debt to EBITDA		 0.00 -439.71 2.84 -2.04 -1.52 -0.88 -3.35 -3.74 -5.00 -12.18 20.87
Debt to NOPAT		 -0.65 -4.29 -6.52 -2.90 -1.63 -1.02 -3.65 -3.80 -4.42 -6.33 -10.26
Net Debt to NOPAT		 -0.58 -2.47 -2.95 -1.05 -0.21 1.59 -1.56 -2.98 -2.60 -4.87 -7.46
Long-Term Debt to NOPAT		 0.00 -4.00 -5.99 -2.69 -1.62 -0.92 -3.64 -3.66 -4.41 -6.31 -9.14
Altman Z-Score		 -7.05 -5.51 -5.45 -4.38 -1.80 3.31 -0.30 -1.03 0.15 -0.68 0.95
Noncontrolling Interest Sharing Ratio		 29.58% -152.90% -225.26% 123.83% 43.54% 21.39% 18.40% 51.33% 52.07% 42.47% 103.83%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.81 1.81 2.24 2.47 2.98 3.16 3.28 1.84 2.86 2.73 2.06
Quick Ratio		 0.27 0.95 1.25 1.44 1.74 2.25 2.27 1.04 1.86 1.45 1.18
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 88 0.56 -13 -58 -49 -55 -244 -156 -243 -152 -48
Operating Cash Flow to CapEx		 82.67% -111.94% -114.92% -415.31% -254.15% -200.88% -106.96% -151.93% -97.49% -53.65% 106.54%
Free Cash Flow to Firm to Interest Expense		 21.91 0.06 0.00 -98.40 -4.98 -2.75 -16.80 -28.25 -14.63 -6.11 -0.76
Operating Cash Flow to Interest Expense		 2.53 -1.05 0.00 -43.40 -3.36 -2.32 -5.04 -13.65 -4.72 -1.79 0.71
Operating Cash Flow Less CapEx to Interest Expense		 -0.53 -1.99 0.00 -53.85 -4.68 -3.48 -9.76 -22.63 -9.55 -5.14 0.04
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.55 1.00 1.14 0.86 0.76 0.67 0.58 0.64 0.73 0.77 0.98
Accounts Receivable Turnover		 3.99 5.30 6.10 6.13 7.26 7.30 7.44 6.88 7.27 7.86 8.48
Inventory Turnover		 1.25 1.41 1.17 1.02 1.13 1.05 1.24 1.22 1.44 1.20 1.35
Fixed Asset Turnover		 6.38 7.72 7.33 7.08 6.88 5.14 3.92 3.71 3.83 3.99 5.24
Accounts Payable Turnover		 3.92 3.97 5.33 6.88 5.89 3.34 3.94 3.90 4.11 3.67 4.95
Days Sales Outstanding (DSO)		 91.41 68.88 59.79 59.54 50.27 49.99 49.09 53.03 50.21 46.43 43.06
Days Inventory Outstanding (DIO)		 292.76 259.49 312.46 359.50 324.02 348.35 294.10 299.33 252.83 304.11 270.85
Days Payable Outstanding (DPO)		 93.17 92.02 68.49 53.08 61.99 109.31 92.55 93.69 88.81 99.36 73.76
Cash Conversion Cycle (CCC)		 290.99 236.35 303.76 365.97 312.30 289.03 250.64 258.67 214.23 251.19 240.14
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 20 9.02 16 58 74 88 243 295 417 474 465
Invested Capital Turnover		 1.07 8.19 8.24 2.49 1.72 1.79 1.47 1.30 1.35 1.37 1.63
Increase / (Decrease) in Invested Capital		 -211 -11 6.66 42 16 14 155 53 122 57 -9.06
Enterprise Value (EV)		 126 79 87 139 466 1,097 1,298 1,627 2,399 1,790 3,578
Market Capitalization		 30 29 44 99 435 1,139 1,135 1,297 2,060 1,301 3,125
Book Value per Share		 ($0.36) ($4.66) ($1.59) $0.41 $0.71 $1.66 $0.80 ($0.33) $0.57 ($0.10) $0.08
Tangible Book Value per Share		 ($0.45) ($5.30) ($1.91) ($0.53) $0.07 $1.16 ($0.46) ($1.57) ($0.71) ($1.26) ($1.05)
Total Capital		 67 28 38 87 121 196 430 380 638 613 626
Total Debt		 80 46 41 46 54 42 327 391 537 603 590
Total Long-Term Debt		 0.48 43 38 42 53 38 326 376 535 602 525
Net Debt		 72 27 19 17 6.82 -66 140 306 316 465 429
Capital Expenditures (CapEx)		 12 8.90 7.60 6.17 13 23 69 49 81 83 42
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 48 16 18 19 25 22 43 47 74 127 135
Debt-free Net Working Capital (DFNWC)		 56 36 40 48 72 130 230 132 295 266 296
Net Working Capital (NWC)		 -24 33 37 45 72 126 230 117 294 264 232
Net Nonoperating Expense (NNE)		 56 19 -4.01 13 24 38 53 48 65 67 86
Net Nonoperating Obligations (NNO)		 33 27 19 17 6.85 -66 140 306 316 465 429
Total Depreciation and Amortization (D&A)		 24 16 10 8.88 12 16 32 46 63 88 105
Debt-free, Cash-free Net Working Capital to Revenue		 35.39% 13.48% 17.28% 20.88% 22.31% 15.36% 17.74% 13.40% 15.42% 20.80% 17.72%
Debt-free Net Working Capital to Revenue		 41.82% 29.77% 39.36% 52.57% 63.84% 89.75% 94.73% 37.54% 61.24% 43.50% 38.77%
Net Working Capital to Revenue		 -17.52% 27.18% 36.11% 48.99% 63.41% 86.88% 94.59% 33.28% 60.86% 43.23% 30.32%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($21.48) ($3.49) ($0.18) ($1.20) ($1.09) ($1.18) ($1.50) ($1.47) ($1.54) ($1.13) ($0.96)
Adjusted Weighted Average Basic Shares Outstanding		 8.30M 8.58M 12.79M 35.32M 62.99M 95.15M 99.79M 103.37M 121.24M 142.95M 150.06M
Adjusted Diluted Earnings per Share		 ($21.48) ($3.49) ($1.08) ($1.20) ($1.09) ($1.18) ($1.50) ($1.47) ($1.54) ($1.13) ($0.96)
Adjusted Weighted Average Diluted Shares Outstanding		 8.30M 8.58M 13.28M 35.32M 62.99M 95.15M 99.79M 103.37M 121.24M 142.95M 150.06M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($1.09) ($1.18) ($1.50) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 8.51M 9.05M 25.47M 46.85M 52.23M 67.02M 96.20M 111.11M 137.98M 144.15M 151.36M
Normalized Net Operating Profit after Tax (NOPAT)		 -7.70 -7.94 -5.14 -18 -33 -38 -84 -102 -119 -93 -57
Normalized NOPAT Margin		 -5.73% -6.61% -5.05% -19.60% -29.14% -26.40% -34.54% -28.94% -24.76% -15.19% -7.49%
Pre Tax Income Margin		 -128.28% -25.73% -4.50% -32.90% -50.38% -54.43% -59.27% -43.32% -38.76% -26.50% -18.77%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -42.09 -1.70 0.00 -50.13 -4.79 -2.95 -8.91 -26.61 -10.23 -5.51 -1.26
NOPAT to Interest Expense		 -30.77 -1.14 0.00 -26.62 -3.35 -2.06 -6.16 -18.69 -7.29 -3.83 -0.91
EBIT Less CapEx to Interest Expense		 -45.15 -2.64 0.00 -60.58 -6.11 -4.10 -13.63 -35.60 -15.07 -8.86 -1.93
NOPAT Less CapEx to Interest Expense		 -33.83 -2.07 0.00 -37.07 -4.68 -3.22 -10.88 -27.67 -12.13 -7.18 -1.57
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% -17.48% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Alphatec

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 151,356,620.00 151,356,620.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 151,356,620.00 151,356,620.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.22 -0.17
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 30.23% 26.92% 24.51% 27.45% 28.14% 22.17% 27.46% 30.38% 20.44% 13.55% 15.07%
EBITDA Growth		 -26.13% 12.01% 59.29% 54.10% 88.25% 87.28% 85.83% 214.57% 688.62% 272.04% 1,540.60%
EBIT Growth		 -31.81% -9.04% 26.05% 13.66% 42.53% 38.57% 17.86% 52.76% 65.61% 16.64% 90.38%
NOPAT Growth		 -27.99% -7.42% 29.19% 12.14% 46.87% -2.19% 62.94% 52.73% 62.97% 49.02% 85.42%
Net Income Growth		 -41.10% -11.41% 20.82% 7.12% 32.08% -7.04% -1.14% 27.86% 34.81% 34.68% 37.34%
EPS Growth		 -12.50% 15.00% 32.56% 20.00% 38.89% -2.94% 6.90% 32.14% 31.82% 37.14% 40.74%
Operating Cash Flow Growth		 -197.56% -109.77% 36.25% 69.09% 142.09% 86.89% 236.46% 362.82% 96.54% 125.62% 31.93%
Free Cash Flow Firm Growth		 -98.76% -139.93% -5.08% 0.72% 52.10% 135.96% 107.36% 117.36% 103.93% -310.94% -310.13%
Invested Capital Growth		 41.32% 46.01% 29.80% 27.79% 13.61% -20.59% -3.93% -6.84% -1.91% 32.10% 4.22%
Revenue Q/Q Growth		 16.66% 0.37% 5.12% 3.54% 17.30% -4.31% 9.67% 5.91% 8.36% -9.78% 11.14%
EBITDA Q/Q Growth		 -22.92% 13.17% 44.00% 23.20% 68.53% 5.98% 37.63% 720.87% 61.66% -72.52% 422.28%
EBIT Q/Q Growth		 -16.90% 3.49% 18.68% 5.89% 22.19% -3.16% -8.73% 45.88% 43.34% -150.03% 87.45%
NOPAT Q/Q Growth		 -16.87% 3.32% 18.54% 4.54% 29.33% -85.96% 70.46% -21.77% 44.65% -156.05% 91.55%
Net Income Q/Q Growth		 -15.06% 1.19% 16.12% 2.62% 15.86% -55.73% 20.74% 30.54% 23.97% -56.04% 23.96%
EPS Q/Q Growth		 -2.86% 5.56% 14.71% 3.45% 21.43% -59.09% 22.86% 29.63% 21.05% -46.67% 27.27%
Operating Cash Flow Q/Q Growth		 -44.66% -53.73% 70.36% 53.12% 296.99% -147.89% 408.55% -9.70% 47.31% -93.76% 1,488.85%
Free Cash Flow Firm Q/Q Growth		 -15.42% -33.33% 20.71% 3.79% 44.30% 184.63% -83.78% 126.99% -87.39% -4,644.31% 83.84%
Invested Capital Q/Q Growth		 7.05% 14.99% 8.20% 1.73% -4.83% -24.19% 30.90% -1.35% 0.20% 2.10% 3.27%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 68.99% 70.30% 70.48% 68.16% 68.77% 68.56% 69.58% 69.87% 70.21% 71.04% 72.17%
EBITDA Margin		 -19.41% -16.79% -8.94% -6.63% -1.78% -1.75% -0.99% 5.83% 8.70% 2.65% 12.45%
Operating Margin		 -32.49% -31.30% -24.25% -22.36% -13.47% -26.18% -7.05% -8.11% -4.14% -11.75% -0.89%
EBIT Margin		 -32.46% -31.21% -24.15% -21.95% -14.56% -15.70% -15.56% -7.95% -4.16% -11.52% -1.30%
Profit (Net Income) Margin		 -35.57% -35.02% -27.94% -26.28% -18.85% -30.68% -22.17% -14.54% -10.20% -17.65% -12.07%
Tax Burden Percent		 99.75% 99.86% 99.30% 99.91% 101.34% 99.88% 99.91% 100.26% 99.92% 100.15% 100.61%
Interest Burden Percent		 109.86% 112.36% 116.54% 119.87% 127.78% 195.72% 142.63% 182.41% 245.65% 152.95% 922.43%
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)		 -30.79% -29.40% -21.16% -20.19% -12.94% -28.99% -7.02% -8.59% -4.72% -15.53% -1.06%
ROIC Less NNEP Spread (ROIC-NNEP)		 -36.48% -34.33% -25.00% -23.81% -17.21% -34.13% -14.35% -12.44% -8.20% -19.65% -6.48%
Return on Net Nonoperating Assets (RNNOA)		 -250.25% -957.48% -574.42% -12,537.73% -120.81% 23,501.29% -142.07% -196.28% -161.18% 391.48% -99.24%
Return on Equity (ROE)		 -281.04% -986.88% -595.58% -12,557.93% -133.75% 23,472.30% -149.09% -204.87% -165.89% 375.96% -100.31%
Cash Return on Invested Capital (CROIC)		 -68.32% -69.79% -52.07% -49.19% -34.13% -0.69% -12.74% -7.05% -10.31% -37.80% -11.31%
Operating Return on Assets (OROA)		 -23.61% -23.76% -18.68% -17.75% -11.26% -12.92% -13.62% -7.55% -4.06% -11.44% -1.34%
Return on Assets (ROA)		 -25.87% -26.66% -21.62% -21.26% -14.59% -25.26% -19.41% -13.81% -9.95% -17.53% -12.45%
Return on Common Equity (ROCE)		 -134.69% 778.03% 181.85% 339,675.85% -76.95% 961,688.49% -69.19% -36.24% 6.36% 778.57% -19.93%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -510.24% -1,057.26% 0.00% 0.00% 192.62% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -31 -30 -25 -24 -17 -31 -9.16 -11 -6.17 -16 -1.34
NOPAT Margin		 -22.74% -21.91% -16.98% -15.65% -9.43% -18.33% -4.94% -5.68% -2.90% -8.23% -0.63%
Net Nonoperating Expense Percent (NNEP)		 5.69% 4.93% 3.84% 3.62% 4.27% 5.14% 7.34% 3.85% 3.48% 4.12% 5.42%
Return On Investment Capital (ROIC_SIMPLE)		 -5.11% - - - -2.83% -6.34% -1.52% -1.87% -1.03% -2.67% -0.23%
Cost of Revenue to Revenue		 31.01% 29.70% 29.52% 31.84% 31.23% 31.44% 30.42% 30.13% 29.79% 28.96% 27.83%
SG&A Expenses to Revenue		 75.47% 82.13% 77.44% 72.45% 64.79% 75.08% 63.87% 63.26% 60.44% 71.34% 62.76%
R&D to Revenue		 16.15% 13.01% 13.12% 13.51% 13.15% 9.80% 9.85% 9.51% 10.68% 9.14% 8.51%
Operating Expenses to Revenue		 101.49% 101.60% 94.73% 90.52% 82.25% 94.74% 76.63% 77.98% 74.35% 82.80% 73.07%
Earnings before Interest and Taxes (EBIT)		 -45 -43 -35 -33 -26 -27 -29 -16 -8.85 -22 -2.78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -27 -23 -13 -10.00 -3.15 -2.96 -1.85 11 19 5.09 27
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 26.36 50.05 85.43 0.00 0.00 0.00 68.26 187.01 251.53 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)		 4.27 3.67 2.71 1.36 2.13 2.28 2.38 2.96 4.09 2.09 1.61
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)		 5.75 5.07 3.95 2.57 3.78 5.31 4.40 5.61 7.69 4.48 3.69
Enterprise Value to Revenue (EV/Rev)		 4.97 4.48 3.58 2.24 2.93 2.97 3.03 3.58 4.68 2.70 2.22
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 742.80 142.16 64.03 29.39
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 0.00 131.88 74.25 79.11 41.25 32.05
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		 5.27 8.76 13.48 25.04 63.97 -9.22 12.25 16.65 16.37 32.67 51.80
Long-Term Debt to Equity		 5.26 8.71 13.42 24.96 63.79 -9.18 12.20 14.81 14.58 29.08 46.16
Financial Leverage		 6.86 27.89 22.97 526.58 7.02 -688.52 9.90 15.78 19.66 -19.92 15.31
Leverage Ratio		 14.63 50.93 38.62 841.42 14.22 -1,320.96 17.70 26.73 34.47 -35.96 26.84
Compound Leverage Factor		 16.07 57.22 45.01 1,008.59 18.17 -2,585.36 25.24 48.76 84.66 -55.00 247.61
Debt to Total Capital		 84.06% 89.75% 93.09% 96.16% 98.46% 112.16% 92.45% 94.34% 94.24% 97.03% 98.11%
Short-Term Debt to Total Capital		 0.28% 0.43% 0.39% 0.31% 0.27% 0.50% 0.31% 10.43% 10.31% 10.66% 10.68%
Long-Term Debt to Total Capital		 83.78% 89.32% 92.71% 95.85% 98.19% 111.66% 92.14% 83.90% 83.93% 86.37% 87.43%
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		 3.70% 3.96% 4.00% 4.08% 3.85% 4.60% 3.76% 3.81% 3.77% 3.84% 3.88%
Common Equity to Total Capital		 12.24% 6.29% 2.90% -0.24% -2.31% -16.76% 3.79% 1.86% 1.99% -0.87% -1.98%
Debt to EBITDA		 -5.02 -5.16 -6.47 -7.62 -12.21 -19.74 -32.32 166.77 23.43 17.96 9.69
Net Debt to EBITDA		 -2.95 -3.77 -5.29 -6.52 -9.40 -14.48 -23.57 122.35 17.04 13.74 7.77
Long-Term Debt to EBITDA		 -5.00 -5.14 -6.44 -7.60 -12.18 -19.66 -32.22 148.33 20.87 15.98 8.64
Debt to NOPAT		 -4.42 -4.34 -4.84 -5.06 -6.33 -5.99 -7.21 -8.60 -10.26 -14.10 -17.33
Net Debt to NOPAT		 -2.60 -3.17 -3.96 -4.33 -4.87 -4.39 -5.26 -6.31 -7.46 -10.79 -13.89
Long-Term Debt to NOPAT		 -4.41 -4.32 -4.82 -5.04 -6.31 -5.96 -7.19 -7.65 -9.14 -12.55 -15.45
Altman Z-Score		 0.66 0.31 -0.12 -0.74 -0.21 -0.21 0.06 0.42 1.24 -0.07 -0.28
Noncontrolling Interest Sharing Ratio		 52.07% 178.84% 130.53% 2,804.87% 42.47% -3,997.12% 53.59% 82.31% 103.83% -107.09% 80.14%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.86 2.39 2.22 2.32 2.73 2.75 2.88 1.99 2.06 1.90 1.89
Quick Ratio		 1.86 1.37 1.08 1.02 1.45 1.54 1.64 1.14 1.18 1.03 0.96
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -153 -173 -137 -132 -73 62 10 23 2.89 -131 -21
Operating Cash Flow to CapEx		 -97.23% -122.76% -33.41% -33.73% 532.81% -50.72% 150.60% 152.06% 159.53% 10.68% 102.92%
Free Cash Flow to Firm to Interest Expense		 -34.73 -32.38 -23.58 -20.07 -10.28 2.45 0.82 1.78 0.22 -11.19 -0.93
Operating Cash Flow to Interest Expense		 -5.66 -7.20 -1.96 -0.81 1.47 -0.20 1.26 1.09 1.60 0.11 0.90
Operating Cash Flow Less CapEx to Interest Expense		 -11.49 -13.06 -7.82 -3.22 1.20 -0.59 0.42 0.37 0.60 -0.92 0.03
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.73 0.76 0.77 0.81 0.77 0.82 0.88 0.95 0.98 0.99 1.03
Accounts Receivable Turnover		 7.27 6.77 7.51 8.01 7.86 7.21 7.58 8.31 8.48 8.04 7.91
Inventory Turnover		 1.44 1.34 1.13 1.11 1.20 1.23 1.24 1.28 1.35 1.32 1.30
Fixed Asset Turnover		 3.83 3.64 3.60 3.75 3.99 4.04 4.26 4.70 5.24 5.53 5.84
Accounts Payable Turnover		 4.11 3.51 2.84 3.19 3.67 4.02 3.55 4.65 4.95 5.54 4.35
Days Sales Outstanding (DSO)		 50.21 53.88 48.61 45.56 46.43 50.62 48.12 43.94 43.06 45.41 46.14
Days Inventory Outstanding (DIO)		 252.83 273.20 323.07 327.46 304.11 296.47 293.34 285.11 270.85 277.50 279.98
Days Payable Outstanding (DPO)		 88.81 103.99 128.71 114.46 99.36 90.73 102.88 78.57 73.76 65.93 83.96
Cash Conversion Cycle (CCC)		 214.23 223.10 242.98 258.56 251.19 256.36 238.58 250.48 240.14 256.99 242.16
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 417 453 490 498 474 359 470 464 465 475 490
Invested Capital Turnover		 1.35 1.34 1.25 1.29 1.37 1.58 1.42 1.51 1.63 1.89 1.70
Increase / (Decrease) in Invested Capital		 122 143 112 108 57 -93 -19 -34 -9.06 115 20
Enterprise Value (EV)		 2,399 2,295 1,934 1,280 1,790 1,907 2,069 2,604 3,578 2,127 1,812
Market Capitalization		 2,060 1,880 1,462 781 1,301 1,462 1,623 2,152 3,125 1,647 1,309
Book Value per Share		 $0.57 $0.27 $0.12 ($0.01) ($0.10) ($0.60) $0.16 $0.08 $0.08 ($0.04) ($0.08)
Tangible Book Value per Share		 ($0.71) ($0.95) ($1.10) ($1.24) ($1.26) ($1.76) ($1.01) ($1.08) ($1.05) ($1.12) ($1.11)
Total Capital		 638 597 590 579 613 513 627 620 626 615 609
Total Debt		 537 536 549 557 603 575 580 585 590 596 597
Total Long-Term Debt		 535 533 547 555 602 572 578 520 525 531 532
Net Debt		 316 391 449 476 465 422 423 429 429 457 479
Capital Expenditures (CapEx)		 26 31 34 16 1.98 9.93 10 9.23 13 12 20
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 74 94 110 127 127 126 134 128 135 142 157
Debt-free Net Working Capital (DFNWC)		 295 239 209 208 266 280 291 284 296 281 276
Net Working Capital (NWC)		 294 236 207 206 264 277 289 219 232 216 211
Net Nonoperating Expense (NNE)		 18 18 16 16 17 21 32 17 16 18 24
Net Nonoperating Obligations (NNO)		 316 391 449 476 465 422 423 429 429 457 479
Total Depreciation and Amortization (D&A)		 18 20 22 23 23 24 27 27 27 27 29
Debt-free, Cash-free Net Working Capital to Revenue		 15.42% 18.46% 20.29% 22.18% 20.80% 19.67% 19.64% 17.56% 17.72% 17.98% 19.31%
Debt-free Net Working Capital to Revenue		 61.24% 46.63% 38.77% 36.32% 43.50% 43.53% 42.66% 38.96% 38.77% 35.76% 33.87%
Net Working Capital to Revenue		 60.86% 46.13% 38.34% 36.00% 43.23% 43.13% 42.38% 30.08% 30.32% 27.43% 25.89%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.36) ($0.34) ($0.29) ($0.28) ($0.22) ($0.35) ($0.27) ($0.19) ($0.15) ($0.22) ($0.16)
Adjusted Weighted Average Basic Shares Outstanding		 121.24M 140.98M 142.69M 143.49M 142.95M 146.73M 149.91M 151.40M 150.06M 154.05M 156.58M
Adjusted Diluted Earnings per Share		 ($0.36) ($0.34) ($0.29) ($0.28) ($0.22) ($0.35) ($0.27) ($0.19) ($0.15) ($0.22) ($0.16)
Adjusted Weighted Average Diluted Shares Outstanding		 121.24M 140.98M 142.69M 143.49M 142.95M 146.73M 149.91M 151.40M 150.06M 154.05M 156.58M
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		 137.98M 139.88M 140.46M 141.77M 144.15M 146.17M 147.98M 148.55M 151.36M 0.00 154.45M
Normalized Net Operating Profit after Tax (NOPAT)		 -31 -30 -25 -23 -15 -31 -9.15 -11 -6.17 -16 -1.34
Normalized NOPAT Margin		 -22.58% -21.57% -16.91% -15.22% -8.75% -18.17% -4.93% -5.68% -2.90% -8.23% -0.63%
Pre Tax Income Margin		 -35.66% -35.07% -28.14% -26.31% -18.60% -30.72% -22.19% -14.51% -10.21% -17.62% -12.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -10.14 -8.09 -6.04 -5.03 -3.60 -1.04 -2.35 -1.21 -0.69 -1.89 -0.12
NOPAT to Interest Expense		 -7.11 -5.68 -4.25 -3.59 -2.33 -1.22 -0.74 -0.87 -0.48 -1.35 -0.06
EBIT Less CapEx to Interest Expense		 -15.97 -13.96 -11.91 -7.44 -3.88 -1.44 -3.18 -1.93 -1.69 -2.92 -0.99
NOPAT Less CapEx to Interest Expense		 -12.93 -11.54 -10.11 -6.00 -2.61 -1.61 -1.58 -1.58 -1.48 -2.38 -0.93
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%

Financials Breakdown Chart

Key Financial Trends

Alphatec’s latest quarter shows top-line growth, but profitability and balance-sheet leverage remain the main story. In Q1 2026, revenue rose to $192.1 million from $176.8 million a year earlier, but the company still posted a net loss of $33.9 million. Cash generation improved versus the prior year, yet cash declined sequentially because investing and financing uses outweighed operating inflows.

  • Revenue continues to grow: Q1 2026 revenue increased 8.6% year over year, showing the business is still expanding.
  • Gross profit remains strong: Gross profit was $136.5 million in Q1 2026, implying a solid gross margin of about 71%.
  • Operating cash flow was positive: The company generated $1.3 million from operations in Q1 2026, versus a cash outflow in Q1 2025.
  • Balance-sheet cash is still meaningful: Alphatec ended Q1 2026 with $139.9 million in cash and equivalents.
  • Quarterly net loss improved versus Q1 2025: Net loss narrowed to $33.9 million from $51.9 million in the prior-year quarter.
  • Liquidity is decent, but not overwhelming: Current assets of $456.2 million exceeded current liabilities of $240.2 million, suggesting near-term obligations are covered.
  • Inventory remains elevated: Inventories were $186.0 million, which ties up a large amount of working capital.
  • Debt remains significant: Total debt was about $573.4 million combined short-term and long-term, so leverage is still a major factor for investors.
  • Equity remains negative: Total common equity was negative $5.3 million in Q1 2026, reflecting accumulated losses and a highly leveraged capital structure.
  • Share count has been rising: Basic weighted average shares increased to 154.1 million from 146.7 million in Q1 2025, which can dilute future per-share gains.
  • Still unprofitable: Alphatec has not yet reached GAAP profitability, posting operating losses and net losses in every quarter shown.
  • Operating expenses are very high: SG&A alone was $137.1 million in Q1 2026, slightly higher than gross profit, keeping operating income negative.
  • Interest burden is heavy: Interest expense was $11.7 million in Q1 2026, which continues to pressure earnings.
  • Cash declined quarter over quarter: Cash fell to $139.9 million from $155.7 million in Q3 2025, partly due to investing activity and modest financing outflows.
  • Working-capital swings remain a drag: Changes in operating assets and liabilities reduced operating cash flow by $19.5 million in Q1 2026.

Longer-term trend: Alphatec has clearly grown revenue over the last four years, but profitability has remained elusive. Revenue has climbed from $109.1 million in Q1 2023 to $192.1 million in Q1 2026, yet net losses have stayed sizable and debt has remained high. The good news is that operating cash flow has improved from deeply negative levels in 2023 and early 2024 to roughly breakeven-to-positive recently. The concern is that the company is still relying on a mix of debt and equity-linked financing while carrying a large interest burden and negative book equity.

Bottom line: Alphatec looks like a growth story that is still in the heavy-investment phase. Investors will likely focus on whether revenue growth can continue while SG&A scales more slowly and operating cash flow stays positive. Until then, the stock remains a higher-risk turnaround-style name.

08/14/26 04:11 PM ETAI Generated. May Contain Errors.

Alphatec Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Alphatec's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Alphatec's net income appears to be on an upward trend, with a most recent value of -$143.36 million in 2025, falling from -$178.68 million in 2015. The previous period was -$162.12 million in 2024. View Alphatec's forecast to see where analysts expect Alphatec to go next.

Alphatec's total operating income in 2025 was -$82.13 million, based on the following breakdown:
  • Total Gross Profit: $531.89 million
  • Total Operating Expenses: $614.02 million

Over the last 10 years, Alphatec's total revenue changed from $134.39 million in 2015 to $764.16 million in 2025, a change of 468.6%.

Alphatec's total liabilities were at $755.18 million at the end of 2025, a 1.4% decrease from 2024, and a 374.0% increase since 2015.

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 $160.81 million as of their latest financial filing in 2025.

Over the last 10 years, Alphatec's book value per share changed from -0.36 in 2015 to 0.08 in 2025, a change of -123.1%.


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Financial statements for NASDAQ:ATEC last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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