Alphatec Holdings Inc. (NASDAQ:ATEC) is one of the best cheap stocks under $10 to buy in June. On May 5, Alphatec Holdings reported Q1 2026 financial results, highlighted by a 17% increase in surgical revenue and 14% growth in total revenue to $192 million. The company achieved a non-GAAP adjusted EBITDA of $21 million, an expansion of 460 basis points year-over-year, while also securing a new bank facility that reduces annual interest expenses by over $6 million and extends debt maturities to 2031.
Performance was driven by a 21% increase in surgical case volume and a 23% rise in net new surgeon users. Despite adjusting expectations for its EOS business, the company maintains confidence in its procedural ecosystem, reporting an ending cash balance of $140 million and a trailing twelve-month free cash flow of $7 million.
For the full year 2026, Alphatec Holdings Inc. (NASDAQ:ATEC) expects total revenue of approximately $882 million, reflecting 15% growth, with surgical revenue anticipated to reach $805 million. Leadership continues to project an adjusted EBITDA of approximately $134 million, or 15% of revenue, and expects to generate at least $20 million in free cash flow.
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Alphatec Holdings Inc. (NASDAQ:ATEC) is a medical technology company focused on designing, developing, and advancing surgical solutions and devices specifically for the treatment of spinal disorders. The company aims to improve outcomes in spine surgery through a combination of innovative implants, enabling technologies, and procedural solutions tailored to surgeons and patients.
While we acknowledge the potential of ATEC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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