Alphatec Holdings Reports Strong 2025 Results, Achieves Positive Free Cash Flow, and Raises 2026 Guidance

summarizeSummary

Alphatec Holdings announced strong full-year 2025 financial results, including 25% revenue growth and the achievement of positive free cash flow, while also raising its adjusted EBITDA guidance for 2026.

check_boxKey Events

• Strong Full-Year 2025 Financial Performance

  The company reported total revenue of $764 million for the full year 2025, representing 25% year-over-year growth, alongside significant profit margin expansion with a 12% Non-GAAP adjusted EBITDA margin.

• Achieved Positive Free Cash Flow

  Alphatec Holdings generated $3 million in free cash flow for the full year 2025, including $8 million in the fourth quarter, marking a pivotal milestone in its transition to cash generation and self-sustaining growth.

• Raised 2026 Financial Outlook

  The company increased its adjusted EBITDA guidance for the full year 2026 to approximately $134 million (15% of revenue), up from $130 million previously, and expects to generate at least $20 million in free cash flow.

• New Product Introduction

  Alphatec Holdings announced the clearance and release of its Valence® intraoperative platform, further expanding its procedural ecosystem.

auto_awesomeAnalysis

Alphatec Holdings delivered robust full-year 2025 financial results, highlighted by significant revenue growth and substantial profit margin expansion. The achievement of positive free cash flow for the full year 2025, and a strong projection for 2026, marks a pivotal operational milestone, signaling the company's transition to self-sustaining growth. The upward revision of 2026 adjusted EBITDA guidance further reinforces a positive outlook and strong operational execution, suggesting continued momentum and improved financial health.