Filing Flows › Alphatec Holdings (ATEC) › Q2 2025
Alphatec Holdings (ATEC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Alphatec Holdings (ATEC) reported revenue of $186M for the second quarter 2025 (Q2 2025), +27% from a year earlier and +10% from the quarter before. Operating margin was -7.1%, net loss $41.1M (22.2% of revenue).
Alphatec Holdings, Q2 2025: revenue $186M (+28% year over year), operating margin -7.1%, net loss $41.1M, operating cash flow $15.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $186M | +10% | +27% |
| Operating profit | −$13.1M | — | — |
| Net earnings | −$41.1M | — | — |
| Operating cash flow | $15.5M | — | — |
| Free cash flow | $5.2M | — | — |
What changed
Revenue was $185.5M in Q2 2025, up 27% year over year and up 10% from the previous quarter.
Gross margin was 69.6%, down 0.9 points from a year earlier. Operating costs exceeded revenue by $13.1M, an operating margin of -7.1%. Operating expenses grew 3% against revenue growth of 27%. The quarter ended with a net loss of $41.1M, narrower than the previous quarter's $51.9M loss. Net interest and other expense of $28.1M was the main reason.
Operating cash flow was $15.5M. Non-cash charges added back $19.3M of depreciation and amortization and $15.6M of share-based compensation. Working capital and other items added $21.7M. Capital expenditures of $10.3M left free cash flow of $5.2M.
Questions
What was Alphatec Holdings' revenue in the second quarter 2025?
Alphatec Holdings (ATEC) reported revenue of $186M for the second quarter 2025 (Q2 2025), +27% from a year earlier and +10% from the quarter before.
Was Alphatec Holdings profitable in the second quarter 2025?
Operating loss was $13.1M (-7.1% of revenue) and net loss $41.1M.
Source: Alphatec Holdings 10-Q on SEC EDGAR.