Earnings ·
Alphatec Reports Q3 Revenue of $221M and Updates Full-Year Outlook to $862M
ATECAlphatec Holdings, Inc.
Alphatec Holdings reported third-quarter revenue of $221 million, a 13% increase year-over-year, driven by a 14% rise in surgical revenue to $202 million. Case volumes grew 20%, and net new surgeon users increased 25%. The company posted a GAAP net loss of $5 million but reported non-GAAP net income of $15 million and adjusted EBITDA of $38 million. Management cited lower biologics attachment as the primary reason for missing internal expectations, though hardware revenue grew 17%. Alphatec updated its full-year 2026 financial outlook, now expecting total revenue of approximately $862 million and adjusted EBITDA of approximately $137 million. The company operates in the medical device industry, specializing in innovative spine surgery solutions.