secwatch.observer — SEC 8-K summary
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Issuer:     Alphatec Holdings, Inc. (ATEC)
CIK:        0001350653
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001193125-26-067062
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alphatec FY2025 revenue $764M (+25% YoY); guides FY2026 ~$890M, raises EBITDA guidance
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- Full-year 2025 total revenue $764M (+25% YoY); GAAP net loss $143M; non-GAAP net income $8M.
- Q4 2025 revenue $213M; adjusted EBITDA $33M (16% margin), expanding 390 bps YoY; positive Q4 free cash flow $8M.
- FY2026 guidance: revenue ~$890M (+17%); adj. EBITDA ~$134M (15% of rev, up from $130M); FCF >=$20M.
- Surgical revenue $190M in Q4 (+21% YoY); net new surgeon users +23% in Q4, +20% full year.
- Valence intraoperative platform cleared and released; EOS Insight proliferation noted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350653/000119312526067062/0001193125-26-067062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350653/000119312526067062/atec-20260224.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-067062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer