Alphatec Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $764.2M | $611.6M | $482.3M | $350.9M | $243.2M |
| Cost of revenue | $232.3M | $187.3M | $172.1M | $117.8M | $85.5M |
| Gross profit | $531.9M | $424.3M | $310.2M | $233.1M | $157.8M |
| Selling, general & administrative | $498.5M | $450.2M | $374.1M | $300.0M | $229.3M |
| Research and development | $76.3M | $80.7M | $70.1M | $44.0M | $32.0M |
| Operating expenses | $614.0M | $560.4M | $483.6M | $380.0M | $285.8M |
| Operating income | -$82.1M | -$136.2M | -$173.4M | -$147.0M | -$128.1M |
| Interest expense | $45.9M | $24.9M | $16.6M | $5.5M | $7.1M |
| Pretax income | -$143.4M | -$162.1M | -$186.9M | -$152.0M | -$144.2M |
| Income tax expense | -$45,000 | $50,000 | -$277,000 | -$716,000 | -$1.1M |
| Net income | -$143.4M | -$162.1M | -$186.6M | -$151.3M | -$143.0M |
| Balance Sheet | |||||
| Cash and equivalents | $160.8M | $138.8M | $221.0M | $84.7M | $187.2M |
| Current assets | $450.9M | $417.4M | $451.1M | $255.6M | $331.2M |
| Total assets | $791.2M | $775.7M | $805.2M | $521.0M | $572.1M |
| Current liabilities | $219.2M | $153.0M | $157.6M | $138.9M | $101.1M |
| Total debt | $691.7M | $589.5M | $526.6M | $371.7M | $336.1M |
| Stockholders' equity | $12.4M | -$14.2M | $78.1M | -$34.7M | $80.7M |
| Cash Flow Statement | |||||
| Cash from operations | $45.2M | -$44.7M | -$78.5M | -$75.1M | -$73.3M |
| Depreciation and amortization | $77.5M | $78.4M | $56.1M | $41.2M | $26.8M |
| Stock-based compensation | $73.7M | $73.3M | $81.2M | $40.6M | $36.5M |
| Capital expenditure | $42.5M | $83.2M | $80.5M | $49.5M | $68.5M |
| Free cash flow | $2.8M | -$127.9M | -$159.0M | -$124.6M | -$141.9M |
| Share repurchases | — | — | — | — | $25.0M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 151.4M · Free float 54.6%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.