October 30, 2025. Leads & Copy — Alphatec Holdings, Inc. (Nasdaq: ATEC) reported its financial results for the third quarter ended September 30, 2025, showcasing revenue growth and positive financial outlook.
Total revenue reached $197 million, with a GAAP gross margin of 70%. Surgical revenue grew by 31% to $177 million, driven by the momentum of PTPTM and LTPTM. EOS revenue increased by 29% year-over-year to $20 million, fueled by increased adoption of EOS Insight®. The company saw a 26% growth in net new surgeon users. Adjusted EBITDA was $26 million, representing 13% of revenue, an expansion of 840 basis points year-over-year. ATEC generated $5 million in free cash flow during the quarter and is free cash flow positive over the trailing twelve months.
For the full year 2025, ATEC now expects total revenue to grow 24% to $760 million, with surgical revenue of $684 million and EOS revenue of $76 million. Non-GAAP adjusted EBITDA is projected to be approximately $91 million.
Pat Miles, Chairman and Chief Executive Officer, expressed pride in the ATEC team’s performance and highlighted the company’s focus on integrating data and informatics into procedural solutions to improve spine care.
ATEC will host a live webcast today at 1:30 p.m. PT / 4:30 p.m. ET to discuss these results. A replay of the webcast will be available on the company’s Investor Relations section of ATEC’s corporate website for twelve months.
Source: Alphatec Holdings, Inc.
