Filing Flows › Alphatec Holdings (ATEC) › Q4 2025
Alphatec Holdings (ATEC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Alphatec Holdings (ATEC) reported revenue of $213M for the fourth quarter 2025 (Q4 2025), +20% from a year earlier and +8% from the quarter before. Operating margin was -4.1%, net loss $21.7M (10.2% of revenue).
Alphatec Holdings, Q4 2025: revenue $213M (+20% year over year), operating margin -4.1%, net loss $21.7M, operating cash flow $20.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $213M | +8% | +20% |
| Operating profit | −$8.8M | — | — |
| Net earnings | −$21.7M | — | — |
| Operating cash flow | $20.7M | +47% | +97% |
| Free cash flow | $7.7M | +61% | -10% |
What changed
Revenue was $212.9M in Q4 2025, up 20% year over year and up 8% from the previous quarter.
Gross margin was 70.2%, up 1.4 points from a year earlier. Operating costs exceeded revenue by $8.8M, an operating margin of -4.1%. Operating expenses grew 9% against revenue growth of 20%. The fastest-growing cost line was SG&A (+12%). The quarter ended with a net loss of $21.7M, narrower than the previous quarter's $28.6M loss. Net interest and other expense of $12.9M was the main reason.
Operating cash flow was $20.7M (up 97% year over year). Non-cash charges added back $19.1M of depreciation and amortization and $19.4M of share-based compensation. Working capital and other items added $3.9M. Capital expenditures of $13.0M left free cash flow of $7.7M.
Questions
What was Alphatec Holdings' revenue in the fourth quarter 2025?
Alphatec Holdings (ATEC) reported revenue of $213M for the fourth quarter 2025 (Q4 2025), +20% from a year earlier and +8% from the quarter before.
Was Alphatec Holdings profitable in the fourth quarter 2025?
Operating loss was $8.8M (-4.1% of revenue) and net loss $21.7M.
Source: Alphatec Holdings 10-K on SEC EDGAR.