A company still losing money with growing sales, with elevated risk.
Going well
Sales up 15% in the latest quarter vs a year ago
Sales up 25% last year
Watch out for
Share count growing 13.2% a year (dilution)
Losing money
High debt: 45.54x equity
Money moves
No insider buying or selling in the last 30 days
Institutions cut 0.3% from their holdings in the quarter ending June 2026 (144 bought, 135 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$10.90-1.8% that day
Company value
$1.7B
Share price times all shares
Price vs sales
2.1x
No profit over the last year, so this compares value with sales instead
Cash vs value
7%
Cash as a share of company value
Debt vs value
34%
Debt as a share of company value
From ATEC's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$213.5M+15% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $815.1M, up 19% from the 12 months before. Over 5 years, sales grew about 40% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of ATEC. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$1.9B
Profit in 5 years$195M
Price these guesses point to$11.73+7.6% vs $10.90 todayAbout +1.5% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 17% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissDebt under half of equityNot relying on borrowed money.45.54x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-18.8%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+45.2% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.69.6%
Revenue
$764.2M
+25.0% vs prior year
5-year growth
+39.5%/yr
revenue, per year
Total debt
$565.9M
45.54x equity
Current ratio
2.06x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 4
Revenue
$213.5M
+15.1% YoY
EPS
-$0.16
vs -$0.27
Op. margin
-0.9%
+6.2 pts
Gross margin
72.2%
+2.6 pts
Free cash flow
$582K
Share count
+4.4%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
0.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.3%
Institutions cut 0.3% from their holdings. 144 bought, 135 sold. 2 quarters of net selling in a row.
Shares held by institutions112.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+8.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
154M
Why elevated risk
Losing money
Share count growing 8.7% a year
Owes more than it owns (negative equity)
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 5
Results filedFeb 24
Results filedJan 12
Results filedOct 30, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardThomas Andrew CarlsEVP, Data & Imaging Solutions