Alphatec Holdings, Inc. (ATEC) Income Statement
ATEC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsATEC revenue and net income
Where ATEC's revenue goes
2025Each bar shows an amount and its share of revenue. ATEC kept −18.8% of revenue as net income.
ATEC profit margins
ATEC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +25.0% | +29.6% | +39.5% | +15.2% |
| Gross profit | +25.4% | +31.7% | +39.0% | +15.9% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ATEC quarterly EPS vs estimates
Alphatec beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 29, 2026 (estimate $-0.07).
ATEC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $764.2M | $611.6M | $482.3M | $350.9M | $243.2M | $144.9M | $113.4M | $91.7M | $101.7M | $120.2M |
| Cost of revenue | $232.3M | $187.3M | $172.1M | $117.8M | $85.5M | $42.4M | $35.8M | $28.5M | $39.4M | $44.1M |
| Gross profit | $531.9M | $424.3M | $310.2M | $233.1M | $157.8M | $102.5M | $77.6M | $63.2M | $62.3M | $76.1M |
| Research & development | $76.3M | $80.7M | $70.1M | $44.0M | $32.0M | $18.7M | $13.8M | $10.0M | $4.9M | $9.2M |
| Sales, general & admin | $498.5M | $450.2M | $351.9M | $300.0M | $229.3M | $129.2M | $101.7M | $72.5M | $64.4M | $77.3M |
| Total operating expenses | $614.0M | $560.4M | $483.6M | $380.0M | $285.8M | $161.4M | $124.9M | $83.2M | $70.0M | $87.5M |
| Operating income | −$82.1M | −$136.2M | −$173.4M | −$147.0M | −$128.1M | −$58.9M | −$47.3M | −$22.4M | −$9.0M | −$15.4M |
| Interest income | — | — | — | — | — | — | $9.9M | $7.1M | $4.4M | $3,000 |
| Interest expense | $21.1M | $24.9M | $16.6M | $5.5M | $7.1M | $12.4M | $27.2M | $7.1M | $7.6M | $5.4M |
| Income before taxes | −$143.4M | −$162.1M | −$186.9M | −$152.0M | −$144.2M | −$78.8M | −$57.1M | −$30.2M | −$4.6M | −$30.9M |
| Income taxes | −$45,000 | $50,000 | −$277,000 | −$716,000 | −$1.1M | $145,000 | −$239,000 | −$1.4M | −$34,000 | −$4.5M |
| Net income | −$143.4M | −$162.1M | −$186.6M | −$151.3M | −$143.0M | −$79.0M | −$57.0M | −$29.0M | −$2.3M | −$30.3M |
| EBITDA | −$39.7M | −$53.9M | −$110.6M | −$102.6M | −$106.9M | −$54.8M | −$38.8M | −$13.2M | $136,000 | −$13.2M |
| EPS (diluted) | $0.02 | −$0.49 | −$0.78 | −$0.85 | −$1.15 | −$0.93 | −$1.06 | −$0.92 | −$0.54 | −$2.91 |
| Gross margin | 69.6% | 69.4% | 64.3% | 66.4% | 64.9% | 70.8% | 68.4% | 69.0% | 61.3% | 63.3% |
| Operating margin | −10.7% | −22.3% | −36.0% | −41.9% | −52.7% | −40.6% | −41.7% | −24.5% | −8.8% | −12.8% |
| Net margin | −18.8% | −26.5% | −38.7% | −43.1% | −58.8% | −54.5% | −50.3% | −31.6% | −2.3% | −25.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $213.5M | $192.1M | $212.9M | $196.5M | $185.5M | $169.2M | $176.8M | $150.7M | $145.6M | $138.5M | $138.0M | $118.3M |
| Cost of revenue | $59.4M | $74.8M | $82.5M | $59.2M | $56.4M | $53.2M | $55.2M | $48.0M | $43.0M | $41.1M | $42.8M | $38.2M |
| Gross profit | $154.1M | $117.3M | $130.4M | $137.3M | $129.1M | $116.0M | $121.6M | $102.7M | $102.6M | $97.4M | $95.2M | $80.0M |
| Research & development | $18.2M | $17.6M | $22.7M | $18.7M | $18.3M | $16.6M | $23.2M | $20.4M | $19.1M | $18.0M | $22.3M | $20.0M |
| Sales, general & admin | $134.0M | $137.1M | $128.7M | $124.3M | $118.5M | $127.0M | $114.5M | $109.2M | $112.7M | $113.7M | $104.1M | $91.4M |
| Total operating expenses | $156.0M | $139.4M | $135.8M | $153.2M | $142.2M | $160.3M | $145.4M | $136.4M | $137.9M | $140.7M | $140.0M | $118.4M |
| Operating income | −$1.9M | −$22.1M | −$5.4M | −$15.9M | −$13.1M | −$44.3M | −$23.8M | −$33.7M | −$35.3M | −$43.3M | −$44.8M | −$38.4M |
| Interest expense | $11.0M | $11.7M | $5.2M | $12.9M | $12.3M | $7.8M | $7.2M | $6.6M | $5.8M | $5.3M | $4.4M | $4.5M |
| Income before taxes | −$25.6M | −$33.9M | −$21.7M | −$28.5M | −$41.2M | −$52.0M | −$32.9M | −$39.7M | −$41.0M | −$48.6M | −$49.2M | −$42.8M |
| Income taxes | $156,000 | $50,000 | −$18,000 | $74,000 | −$37,000 | −$64,000 | $441,000 | −$36,000 | −$286,000 | −$69,000 | −$124,000 | −$117,000 |
| Net income | −$25.8M | −$33.9M | −$21.7M | −$28.6M | −$41.1M | −$51.9M | −$33.3M | −$39.6M | −$40.7M | −$48.5M | −$49.1M | −$42.7M |
| EBITDA | $6.5M | −$1.7M | $3.9M | $4.8M | −$8.3M | −$23.0M | −$4.3M | −$11.2M | −$14.1M | −$24.3M | −$27.8M | −$22.7M |
| EPS (diluted) | −$0.16 | −$0.22 | $0.06 | $0.03 | $0.02 | −$0.09 | −$0.06 | −$0.13 | −$0.14 | −$0.16 | −$0.37 | −$0.11 |
| Gross margin | 72.2% | 61.1% | 61.2% | 69.9% | 69.6% | 68.6% | 68.8% | 68.2% | 70.5% | 70.3% | 69.0% | 67.7% |
| Operating margin | −0.9% | −11.5% | −2.5% | −8.1% | −7.1% | −26.2% | −13.5% | −22.4% | −24.3% | −31.3% | −32.5% | −32.4% |
| Net margin | −12.1% | −17.6% | −10.2% | −14.5% | −22.2% | −30.7% | −18.9% | −26.3% | −27.9% | −35.0% | −35.6% | −36.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ATEC's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ATEC financial results
In fiscal year 2025 (ended December 31, 2025), Alphatec reported revenue of $764.2 million, up 25.0% from the year before. It had a net loss of $143.4 million, a net profit margin of −18.8%. Diluted earnings per share came to $0.02. Over five years revenue grew at an average rate of 39.5% a year.
See the ATEC stock overview for the latest quote and news, or the ATEC chart for price history and technical indicators.
ATEC income statement FAQ
What is Alphatec's annual revenue?
Alphatec reported total revenue of $764.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 25.0% from $611.6 million the previous year.
Is Alphatec profitable?
No. Alphatec reported a net loss of $143.4 million in fiscal 2025, a net profit margin of −18.8%; its operating margin was −10.7%.
What is Alphatec's gross margin?
Alphatec's gross margin was 69.6% in fiscal 2025: for every $100 of revenue, Alphatec kept $70 after the direct cost of its products and services.
How much does Alphatec spend on research and development?
Alphatec spent $76.3 million on research and development in fiscal 2025, 10.0% of revenue.
How fast is Alphatec growing?
Revenue grew 39.5% a year on average over the last five fiscal years, from $144.9 million to $764.2 million.
What are Alphatec's earnings per share?
Alphatec earned $0.02 per diluted share in fiscal 2025, compared with $-0.49 a year earlier.
When will Alphatec report its next earnings?
Alphatec is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Alphatec's fiscal year end?
Alphatec's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.