Filing Flows › Alphatec Holdings (ATEC) › Q3 2025
Alphatec Holdings (ATEC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Alphatec Holdings (ATEC) reported revenue of $197M for the third quarter 2025 (Q3 2025), +30% from a year earlier and +6% from the quarter before. Operating margin was -8.1%, net loss $28.6M (14.5% of revenue).
Alphatec Holdings, Q3 2025: revenue $197M (+30% year over year), operating margin -8.1%, net loss $28.6M, operating cash flow $14.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | +6% | +30% |
| Operating profit | −$15.9M | — | — |
| Net earnings | −$28.6M | — | — |
| Operating cash flow | $14.0M | -10% | — |
| Free cash flow | $4.8M | -8% | — |
What changed
Revenue was $196.5M in Q3 2025, up 30% year over year and up 6% from the previous quarter.
Gross margin was 69.9%, up 1.7 points from a year earlier. Operating costs exceeded revenue by $15.9M, an operating margin of -8.1%. Operating expenses grew 12% against revenue growth of 30%. The fastest-growing cost line was Other operating costs (+49%). The quarter ended with a net loss of $28.6M, narrower than the previous quarter's $41.1M loss.
Operating cash flow was $14.0M. Non-cash charges added back $19.2M of depreciation and amortization and $16.4M of share-based compensation. Working capital and other items added $7.1M. Capital expenditures of $9.2M left free cash flow of $4.8M.
Questions
What was Alphatec Holdings' revenue in the third quarter 2025?
Alphatec Holdings (ATEC) reported revenue of $197M for the third quarter 2025 (Q3 2025), +30% from a year earlier and +6% from the quarter before.
Was Alphatec Holdings profitable in the third quarter 2025?
Operating loss was $15.9M (-8.1% of revenue) and net loss $28.6M.
Source: Alphatec Holdings 10-Q on SEC EDGAR.