Q3 2025 Alphatec Holdings Inc Earnings Call Transcript
Key Points
- Alphatec Holdings Inc (ATEC) reported a 30% year-over-year revenue growth, reaching $197 million in Q3 2025.
- The company achieved an adjusted EBITDA of $26 million, representing 13% of revenue, and improved by 840 basis points.
- Alphatec Holdings Inc (ATEC) has a strong cash position with $156 million in cash on hand and $60 million available on a revolving credit line.
- The company is experiencing strong surgeon adoption, with a 26% increase in net new surgeon users in Q3 2025.
- Alphatec Holdings Inc (ATEC) raised its full-year revenue guidance by $18 million to $760 million, reflecting confidence in continued growth.
- The company faces uncertainties that could cause actual results to differ materially from forward-looking statements.
- Non-GAAP R&D expenses increased year-over-year by more than $2 million, reflecting ongoing investment needs.
- The company is absorbing the impact of expected tariffs, which could affect cost of goods sold by low single-digit millions of dollars for the full year.
- Despite strong growth, the company acknowledges that its influence in the deformity market is still in its infancy.
- Alphatec Holdings Inc (ATEC) is still working on expanding its international market presence, which remains a smaller portion of its overall revenue.
Good afternoon, everyone, and welcome to the webcast of ATEC's third quarter financial results. We would like to remind everyone that participants on the call will make forward-looking statements. These statements are based on current expectations and are subject to uncertainties that could cause actual results to differ materially.
These uncertainties are detailed in documents filed regularly with the SEC. During this call, you may hear the company refer to non-GAAP or adjusted measures. Reconciliations of these measures to US GAAP can be found in the supplemental financial tables included in today's press release, which identify and quantify all excluded items and provide management's view of why this information is useful to investors.
Leading today's call will be ATEC's Chairman and CEO, Pat Miles; and CFO, Todd Koning. Now I will turn the call over to Pat Miles.
Thanks very much, Lacie. Appreciate it. Welcome to the Q3 ATEC financial results
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