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Side-by-side financial comparison of Alphatec Holdings, Inc. (ATEC) and Galiano Gold Inc. (GAU). Click either name above to swap in a different company.

Alphatec Holdings, Inc. is the larger business by last-quarter revenue ($212.9M vs $166.8M, roughly 1.3× Galiano Gold Inc.). Over the past eight quarters, Alphatec Holdings, Inc.'s revenue compounded faster (24.0% CAGR vs 1.3%).

Alphatec Holdings, Inc. is a global medical technology company specializing in spinal surgery solutions. It designs, develops and markets spinal implants, surgical instruments and digital surgery platforms for orthopedic and neurosurgical procedures, serving providers across North America, Europe and core Asia-Pacific markets, addressing degeneration, deformity and trauma spinal pathologies.

Galiano Gold Inc. is a Canada-based mineral exploration and production firm focused on gold assets. Its core operation is the Asanko Gold Mine in Ghana, West Africa. It extracts, processes and sells gold products to global precious metals markets, catering to both industrial clients and investment sector purchasers.

ATEC vs GAU — Head-to-Head

Bigger by revenue
ATEC
ATEC
1.3× larger
ATEC
$212.9M
$166.8M
GAU
Faster 2-yr revenue CAGR
ATEC
ATEC
Annualised
ATEC
24.0%
1.3%
GAU

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ATEC
ATEC
GAU
GAU
Revenue
$212.9M
$166.8M
Net Profit
$-21.7M
Gross Margin
70.2%
Operating Margin
-4.1%
24.3%
Net Margin
-10.2%
Revenue YoY
20.4%
Net Profit YoY
34.8%
EPS (diluted)
$-0.15

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATEC
ATEC
GAU
GAU
Q4 25
$212.9M
Q3 25
$196.5M
$166.8M
Q2 25
$185.5M
$95.7M
Q1 25
$169.2M
$31.7M
Q4 24
$176.8M
Q3 24
$150.7M
$71.1M
Q2 24
$145.6M
$64.0M
Q1 24
$138.5M
$31.7M
Net Profit
ATEC
ATEC
GAU
GAU
Q4 25
$-21.7M
Q3 25
$-28.6M
Q2 25
$-41.1M
$4.1M
Q1 25
$-51.9M
$-3.2M
Q4 24
$-33.3M
Q3 24
$-39.6M
$1.1M
Q2 24
$-40.7M
$8.8M
Q1 24
$-48.5M
Gross Margin
ATEC
ATEC
GAU
GAU
Q4 25
70.2%
Q3 25
69.9%
Q2 25
69.6%
Q1 25
68.6%
Q4 24
68.8%
Q3 24
68.2%
Q2 24
70.5%
Q1 24
70.3%
Operating Margin
ATEC
ATEC
GAU
GAU
Q4 25
-4.1%
Q3 25
-8.1%
24.3%
Q2 25
-7.1%
18.4%
Q1 25
-26.2%
8.2%
Q4 24
-13.5%
Q3 24
-22.4%
Q2 24
-24.3%
Q1 24
-31.3%
17.2%
Net Margin
ATEC
ATEC
GAU
GAU
Q4 25
-10.2%
Q3 25
-14.5%
Q2 25
-22.2%
4.3%
Q1 25
-30.7%
-10.1%
Q4 24
-18.9%
Q3 24
-26.3%
1.5%
Q2 24
-27.9%
13.8%
Q1 24
-35.0%
EPS (diluted)
ATEC
ATEC
GAU
GAU
Q4 25
$-0.15
Q3 25
$-0.19
Q2 25
$-0.27
Q1 25
$-0.35
Q4 24
$-0.22
Q3 24
$-0.28
Q2 24
$-0.29
Q1 24
$-0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATEC
ATEC
GAU
GAU
Cash + ST InvestmentsLiquidity on hand
$160.8M
Total DebtLower is stronger
$565.9M
Stockholders' EquityBook value
$12.4M
Total Assets
$791.2M
Debt / EquityLower = less leverage
45.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEC
ATEC
GAU
GAU
Q4 25
$160.8M
Q3 25
$155.7M
Q2 25
$157.1M
Q1 25
$153.2M
Q4 24
$138.8M
Q3 24
$81.0M
Q2 24
$99.8M
Q1 24
$144.1M
Total Debt
ATEC
ATEC
GAU
GAU
Q4 25
$565.9M
Q3 25
$559.7M
Q2 25
$553.9M
Q1 25
$548.4M
Q4 24
$576.2M
Q3 24
$527.7M
Q2 24
$519.2M
Q1 24
$514.4M
Stockholders' Equity
ATEC
ATEC
GAU
GAU
Q4 25
$12.4M
Q3 25
$11.5M
Q2 25
$23.8M
Q1 25
$-85.9M
Q4 24
$-14.2M
Q3 24
$-1.4M
Q2 24
$17.1M
Q1 24
$37.6M
Total Assets
ATEC
ATEC
GAU
GAU
Q4 25
$791.2M
Q3 25
$787.2M
Q2 25
$790.3M
Q1 25
$785.5M
Q4 24
$775.7M
Q3 24
$745.9M
Q2 24
$768.6M
Q1 24
$774.6M
Debt / Equity
ATEC
ATEC
GAU
GAU
Q4 25
45.54×
Q3 25
48.64×
Q2 25
23.30×
Q1 25
Q4 24
Q3 24
Q2 24
30.34×
Q1 24
13.70×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATEC
ATEC
GAU
GAU
Operating Cash FlowLast quarter
$20.7M
$41.9M
Free Cash FlowOCF − Capex
$7.7M
FCF MarginFCF / Revenue
3.6%
Capex IntensityCapex / Revenue
6.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEC
ATEC
GAU
GAU
Q4 25
$20.7M
Q3 25
$14.0M
$41.9M
Q2 25
$15.5M
$17.5M
Q1 25
$-5.0M
$13.0M
Q4 24
$10.5M
Q3 24
$-5.3M
$28.6M
Q2 24
$-11.4M
$9.2M
Q1 24
$-38.4M
Free Cash Flow
ATEC
ATEC
GAU
GAU
Q4 25
$7.7M
Q3 25
$4.8M
Q2 25
$5.2M
Q1 25
$-15.0M
Q4 24
$8.5M
Q3 24
$-21.2M
Q2 24
$-45.5M
Q1 24
$-69.8M
FCF Margin
ATEC
ATEC
GAU
GAU
Q4 25
3.6%
Q3 25
2.4%
Q2 25
2.8%
Q1 25
-8.9%
Q4 24
4.8%
Q3 24
-14.1%
Q2 24
-31.3%
Q1 24
-50.4%
Capex Intensity
ATEC
ATEC
GAU
GAU
Q4 25
6.1%
Q3 25
4.7%
Q2 25
5.6%
Q1 25
5.9%
Q4 24
1.1%
Q3 24
10.5%
Q2 24
23.4%
Q1 24
22.6%
Cash Conversion
ATEC
ATEC
GAU
GAU
Q4 25
Q3 25
Q2 25
4.30×
Q1 25
Q4 24
Q3 24
26.04×
Q2 24
1.05×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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