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10-QHIGH RiskDETERIORATING

Alphatec Holdings, Inc.

alphatecspine.com
Filed: May 5, 2026 CIK: 0001350653Health Care
View original filing on SEC.gov

AI Executive Summary

AI-powered analysis of 10-Q filing content

Alphatec Holdings shows concerning deterioration with stockholders' equity turning negative to -$5.3M from positive $12.4M in Q4 2025, while maintaining high debt levels of $573.4M. Despite 13.5% revenue growth, the company continues burning cash and posted a $33.9M net loss, indicating significant financial stress for this medical device company.

Red Flags Detected (6)

Stockholders' equity turned negative from $12.4M to -$5.3M in one quarter

High total debt burden of $573.4M ($65.5M short-term + $507.9M long-term)

Cash decreased by $20.9M to $139.9M indicating negative cash flow

3 more red flags detected

Key Takeaways

Company achieved 13.5% revenue growth but cannot convert to profitability

Capital structure shows signs of distress with negative equity position

3 more takeaways

Filing Overview

Form TypeQuarterly Report (10-Q)
Filing DateMay 5, 2026
Risk LevelHIGH
TrendDETERIORATING
AI Confidence85%
Red Flags6

What This Means

High Risk Filing: This company is showing signs of financial stress or significant operational challenges.

Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.

Quarterly Report: Interim filing with unaudited financial data for the quarter.

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