ATEC

Alphatec Holdings, Inc. (NASDAQ: ATEC) is a spine-focused medical device company based in Carlsbad, CA. It develops advanced surgical solutions like the PTP™ approach and AlphaInformatiX® platform to improve spine surgery outcomes.

In Q2 2025, ATEC reported $186M revenue (up 28% YoY), achieved positive free cash flow, and raised full-year guidance to $742M. Though still posting net losses, the company is gaining traction with strong growth, expanding margins, and increasing surgeon adoption.