Alphatec Holdings, Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
ATEC$7.00-5.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net loss | $(65,158) | $(121,629) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 59,398 | 58,391 |
| Stock-based compensation | 55,759 | 54,321 |
| Amortization of debt discount and debt issuance costs | 21,519 | 15,626 |
| Amortization of right-of-use assets | 3,927 | 3,687 |
| Write-down for excess and obsolete inventories | 11,241 | 11,323 |
| Loss on disposal of assets | 1,905 | 2,295 |
| Loss on debt extinguishment | 11,883 | 17,576 |
| Gain on derivative liability | — | (620) |
| Other | 664 | 5,603 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (16,514) | (18,505) |
| Inventories | (49,282) | (1,509) |
| Prepaid expenses and other current assets | (3,638) | 710 |
| Other assets | (449) | 192 |
| Accounts payable | 14,130 | (16,338) |
| Accrued expenses | (2,475) | 19,314 |
| Lease liabilities | (3,706) | (3,571) |
| Contract liabilities | 1,277 | (620) |
| Other long-term liabilities | 178 | (1,697) |
| Net cash provided by operating activities | 40,659 | 24,549 |
| Investing activities: | ||
| Purchase of property and equipment | (45,311) | (29,491) |
| Note receivable | (5,000) | — |
| Purchase of intangible assets | (11,503) | (5,185) |
| Cash paid for equity investment | — | (3,000) |
| Other | (2,606) | — |
| Net cash used in investing activities | (64,420) | (37,676) |
| Financing activities: | ||
| Repayment of term loan | (200,000) | — |
| Proceeds from issuance of term loan | 172,385 | — |
| Proceeds from revolving credit facility | 72,747 | 11,160 |
| Repayment of convertible notes | (63,250) | — |
| Repayment of revolving credit facility | (18,214) | (60,592) |
| Payment of debt extinguishment costs | (12,070) | — |
| Payments related to tax withholdings for share-based compensation | (6,085) | (3,735) |
| Payment of debt issuance costs | (1,868) | (706) |
| Proceeds from issuance of convertible notes, net | — | 392,850 |
| Repurchase of convertible notes | — | (268,231) |
| Purchase of capped calls | — | (42,485) |
| Other | (632) | 1,551 |
| Net cash (used in) provided by financing activities | (56,987) | 29,812 |
| Effect of exchange rate changes on cash | (122) | 216 |
| Net change in cash and cash equivalents | (80,870) | 16,901 |
| Cash and cash equivalents at beginning of period | 160,806 | 138,840 |
| Cash and cash equivalents at end of period | $79,936 | $155,741 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $13,497 | $18,766 |
| Cash paid for income taxes | $425 | $348 |
| Supplemental disclosure of noncash activities: | ||
| Purchases of property and equipment in accounts payable and accrued expenses | $14,393 | $1,036 |
| Purchase of intangible assets in accrued expenses and other long-term liabilities | $4,780 | $4,780 |
| Financed insurance | $1,020 | $1,347 |
| Recognition of lease liabilities | $20,820 | $66 |
| Recognition of derivative liability | $— | $124,062 |
| Common stock issued for asset acquisition | $2,136 | $1,000 |
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