Alphatec Holdings Inc (NASDAQ:ATEC) Soars on Strong Q3 2025 Earnings Beat and Raised Guidance

Alphatec Holdings Inc (NASDAQ:ATEC) has reported financial results for the third quarter of 2025 that significantly surpassed analyst expectations, prompting a substantial positive reaction in its stock price during after-hours trading.

Earnings and Revenue Performance

The company’s performance for the quarter ended September 30, 2025, demonstrated robust growth, with both top and bottom-line results coming in well ahead of Wall Street forecasts.

• Revenue: The company reported total revenue of $196.5 million, exceeding the analyst consensus estimate of $186.3 million. This represents a strong beat on the top line.
• Earnings Per Share (EPS): On a non-GAAP basis, the company reported net income of $4 million, translating to earnings per share of $0.03. This result dramatically outperformed the analyst estimate for a loss of $0.14 per share, indicating a significant improvement in profitability.

Market Reaction

The market responded favorably to the earnings beat and raised guidance. Following the release, the stock surged over 21% in after-market trading. This sharp price movement reflects investor optimism regarding the company's accelerating revenue growth and its unexpected swing to a non-GAAP profit.

Updated Financial Outlook

Adding to the positive sentiment, Alphatec Holdings raised its financial guidance for the full year 2025. The company now anticipates:

• Full-Year 2025 Revenue: $760 million, up from a previous expectation of $742 million. This new forecast implies a 24% growth rate and sits above the analyst consensus estimate of approximately $756.9 million.
• Full-Year 2025 Adjusted EBITDA: Approximately $91 million, increased from a prior outlook of $83 million.

For the fourth quarter, the company's implied revenue guidance suggests a figure around $208.8 million, which is marginally above the analyst estimate of $208.7 million.

Operational Highlights

The press release highlighted several key drivers behind the strong quarterly results:

• Surgical Revenue Growth: Surgical revenue reached $177 million, a 31% increase, driven by continued adoption of the company's PTP and LTP platforms.
• EOS Imaging Growth: Revenue from the EOS imaging system was $20 million, growing 29% year-over-year.
• Surgeon Adoption: The company achieved a 26% growth in net new surgeon users, which it considers a key leading indicator for future growth.
• Profitability and Cash Flow: Adjusted EBITDA was $26 million, representing a 13% margin and an 840 basis point expansion year-over-year. The company also reported $5 million in free cash flow for the quarter and is free cash flow positive for the trailing twelve months.

Conclusion

Alphatec Holdings delivered a standout quarter, convincingly beating earnings estimates and raising its full-year outlook. The market's vigorous after-hours reaction underscores a positive reassessment of the company's growth trajectory and its evolving profitability profile. The results suggest that the company's strategic focus on spine-specific innovations and surgeon adoption is yielding tangible financial benefits.

For a detailed look at historical earnings and future analyst estimates for Alphatec Holdings, visit the earnings estimates page for ATEC.

Disclaimer: This article is for informational purposes only and is not intended as investment advice. All investment decisions involve risk, and readers should conduct their own research before making any investment decisions.