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A handful of small-cap companies are quietly laying the groundwork for long-term success. They are expanding market share, improving profitability, and scaling their business models while most investors ignore them for the short-term volatility.With a market cap of $2.07 billion, Alphatec Holdings (ATEC) is one such small-cap stock that investors may regret not buying 10 years from now.3 Highest Rated Dividend Kings for Generations of IncomeAs Nvidia Launches New AI Laptop Chips, Should You Buy NVDA Stock?GE Aerospace Is Linking Up with Palantir. Should You Buy GE Stock Here?Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.Let’s find out why.www.barchart.comAlphatec is completely focused on spine surgery, a massive and still-evolving market. It has built an integrated ecosystem of implants, imaging, navigation, and data-driven surgical tools aimed at simplifying complex spinal procedures. ATEC stock has dipped 34% so far this year, compared to the S&P 500 Index’s ($SPX) modest gain of 0.5%.While larger, established MedTech giants like Intuitive Surgical (ISRG), Medtronic (MDT), Stryker (SYK), and Johnson & Johnson (JNJ) offer a more varied portfolio of products, Alphatec has chosen to focus 100% on just one area—the spine. That strategy appears to be working. The company reported its fourth quarter and full year 2025 results on Tuesday. For Q4, Alphatec reported $213 million in revenue, up 20% year-over-year (YoY). Surgical revenue grew 21% in the quarter, supported by 21% procedural volume growth and a 23% increase in net new surgeon users.For the full year, surgical revenue reached $687 million, up 26% from 2024, driven by 22% procedural volume growth and 3% growth in average revenue per procedure. EOS imaging revenue contributed an additional $77 million, growing 15% YoY. Total revenue for the year increased 25% YoY to $764 million, driven by surgeon adoption, rising utilization, and expanding procedural complexity.Management stressed the company’s predictable adoption model, wherein new surgeons begin with lateral procedures and, over time, expand utilization across additional techniques. This reveals Alphatec has built a consistent, multi-year ramp pattern in surgeon usage, resulting in ongoing growth without relying only on new additions. What makes Alphatec a compelling buy now is that profitability is scaling along with revenue. The company reported its third profitable quarter with $9 million in adjusted net income. For the full year, the company reported adjusted net income of $8 million, compared to a loss in 2024. Gross margin held steady at roughly 70%. Importantly, while it continues investing heavily in instruments and inventory to support growth, it generated $3 million in free cash flow for the full year. Management expects at least $20 million in free cash flow in 2026 while maintaining aggressive growth investment. 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