PMGC Holdings Financials
This page shows PMGC Holdings (ELAB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
PMGC’s cash position is being built by financing inflows, not yet by a self-supporting operating business.
From FY2023 to FY2025, financing cash flow totaled$16.9M against cumulative free cash burn of-$16.4M . That outside funding, rather than operating progress, explains why cash still ended FY2025 at$5.4M ; the company looks liquid in a snapshot, but its liquidity has not been self-generated or reinforced by cash conversion.
Current liabilities reached
FY2025 gross profit was only
Financial Health Signals
We are recalculating PMGC Holdings's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
PMGC Holdings passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, PMGC Holdings generates $0.77 in operating cash flow (-$5.9M OCF vs -$7.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
PMGC Holdings generated $590K in revenue in fiscal year 2025.
PMGC Holdings reported -$7.7M in net income in fiscal year 2025. This represents a decrease of 24.0% from the prior year.
Cash & Balance Sheet
PMGC Holdings generated -$6.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 16.0% from the prior year.
PMGC Holdings held $5.4M in cash against $0 in long-term debt as of fiscal year 2025.
PMGC Holdings had 80,699 shares outstanding in fiscal year 2025.
Margins & Returns
PMGC Holdings's gross margin was 31.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
PMGC Holdings's net profit margin was -1313.0% in fiscal year 2025, showing the share of revenue converted to profit.
PMGC Holdings's ROE was -98.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.1 percentage points from the prior year.
Capital Allocation
PMGC Holdings invested $147K in research and development in fiscal year 2025. This represents an increase of 40.5% from the prior year.
PMGC Holdings invested $442K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 4728.1% from the prior year.
ELAB Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $682K | N/A | $286K | N/A | N/A | N/A | $527K-12.9% | $606K |
| Cost of Revenue | $452K | N/A | $208K | N/A | N/A | N/A | $134K-19.7% | $166K |
| Gross Profit | $230K | N/A | $78K | N/A | N/A | N/A | $394K-10.3% | $439K |
| R&D Expenses | $47K | N/A | $15K-77.5% | $67K+105.6% | $32K | N/A | $4K-88.2% | $35K |
| SG&A Expenses | $1.4M | N/A | $727K+127.2% | $320K+53.0% | $209K | N/A | $167K+12.6% | $148K |
| Operating Income | N/A | N/A | -$2.2M | N/A | N/A | N/A | -$626K+55.6% | -$1.4M |
| Interest Expense | $184K | N/A | $17K+869950.0% | $2-100.0% | $10K | N/A | $642K+2619.9% | $24K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$5.0M | N/A | -$2.6M-361.3% | -$562K+65.0% | -$1.6M | N/A | -$1.5M-6.3% | -$1.4M |
| EPS (Diluted) | $-11.22 | N/A | $-4.95-962.2% | $-0.47+99.8% | $-243.76 | N/A | $-0.07 | $-0.08 |
ELAB Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $26.0M+102.3% | $12.9M-13.9% | $14.9M+59.3% | $9.4M+5.5% | $8.9M-1.2% | $9.0M-19.7% | $11.2M+120.6% | $5.1M |
| Current Assets | $16.4M+138.5% | $6.9M-29.7% | $9.8M+33.8% | $7.3M+7.1% | $6.8M+12.6% | $6.1M-26.5% | $8.2M+305.1% | $2.0M |
| Cash & Equivalents | $14.4M+165.7% | $5.4M-29.8% | $7.7M+35.5% | $5.7M+5.9% | $5.4M+34.6% | $4.0M-38.0% | $6.4M+6323.5% | $100K |
| Inventory | $254K+166.6% | $95K-26.0% | $128K | N/A | N/A | N/A | $986K+0.8% | $979K |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.9M+90.0% | $978K+1.9% | $960K | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $13.4M+166.9% | $5.0M-22.0% | $6.4M+1875.9% | $326K-57.1% | $760K-67.4% | $2.3M-11.9% | $2.7M+8.6% | $2.4M |
| Current Liabilities | $11.3M+186.6% | $3.9M-27.8% | $5.5M+1573.8% | $326K-57.1% | $760K-57.7% | $1.8M-15.6% | $2.1M+10.1% | $1.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $12.6M+60.9% | $7.8M-7.7% | $8.5M-6.2% | $9.0M+11.3% | $8.1M+22.1% | $6.7M-22.2% | $8.6M+224.1% | $2.6M |
| Retained Earnings | -$26.0M-23.6% | -$21.0M-16.5% | -$18.0M-16.8% | -$15.4M-3.8% | -$14.9M-12.1% | -$13.3M-17.1% | -$11.3M-15.3% | -$9.8M |
ELAB Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.0M-70.3% | -$1.8M-17.4% | -$1.5M-10.7% | -$1.3M+0.1% | -$1.3M+32.6% | -$2.0M-424.1% | -$382K+51.1% | -$781K |
| Capital Expenditures | $363K+4.7% | $347K | N/A | N/A | N/A | $0 | $0 | $0 |
| Free Cash Flow | -$3.3M-59.4% | -$2.1M | N/A | N/A | N/A | -$2.0M-424.1% | -$382K+51.1% | -$781K |
| Investing Cash Flow | -$2.5M-352.7% | -$549K+75.0% | -$2.2M-1216.7% | $197K+191.4% | -$215K+51.0% | -$439K-778.2% | -$50K+19.8% | -$62K |
| Financing Cash Flow | $14.4M+1441290700.0% | -$1-100.0% | $5.7M+288.8% | $1.5M-50.1% | $2.9M+294318600.0% | -$1 | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ELAB Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.8% | N/A | 27.3% | N/A | N/A | N/A | 74.7%+2.1pp | 72.5% |
| Operating Margin | N/A | N/A | -769.0% | N/A | N/A | N/A | -118.6%+114.0pp | -232.6% |
| Net Margin | -728.3% | N/A | -907.3% | N/A | N/A | N/A | -284.6%-51.3pp | -233.3% |
| Return on Equity | -39.4% | N/A | -30.6%-24.3pp | -6.2%+13.6pp | -19.8% | N/A | -17.5%+36.0pp | -53.5% |
| Return on Assets | -19.1% | N/A | -17.4%-11.4pp | -6.0%+12.1pp | -18.1% | N/A | -13.4%+14.4pp | -27.8% |
| Current Ratio | 1.45-0.3 | 1.74-0.0 | 1.79-20.6 | 22.38+13.4 | 8.97+5.6 | 3.36-0.5 | 3.86+2.8 | 1.05 |
| Debt-to-Equity | 1.07+0.4 | 0.64-0.1 | 0.76+0.7 | 0.04-0.1 | 0.09-0.3 | 0.35+0.0 | 0.31-0.6 | 0.92 |
| FCF Margin | -490.1% | N/A | N/A | N/A | N/A | N/A | -72.4%+56.6pp | -128.9% |
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Frequently Asked Questions
What is PMGC Holdings's annual revenue?
PMGC Holdings (ELAB) reported $590K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is PMGC Holdings profitable?
No, PMGC Holdings (ELAB) reported a net income of -$7.7M in fiscal year 2025, with a net profit margin of -1313.0%.
What is PMGC Holdings's gross margin?
PMGC Holdings (ELAB) had a gross margin of 31.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is PMGC Holdings's net profit margin?
PMGC Holdings (ELAB) had a net profit margin of -1313.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is PMGC Holdings's return on equity (ROE)?
PMGC Holdings (ELAB) has a return on equity of -98.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is PMGC Holdings's free cash flow?
PMGC Holdings (ELAB) generated -$6.4M in free cash flow during fiscal year 2025. This represents a -16.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is PMGC Holdings's operating cash flow?
PMGC Holdings (ELAB) generated -$5.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are PMGC Holdings's total assets?
PMGC Holdings (ELAB) had $12.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are PMGC Holdings's capital expenditures?
PMGC Holdings (ELAB) invested $442K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does PMGC Holdings spend on research and development?
PMGC Holdings (ELAB) invested $147K in research and development during fiscal year 2025.
What is PMGC Holdings's current ratio?
PMGC Holdings (ELAB) had a current ratio of 1.74 as of fiscal year 2025, which is generally considered healthy.
What is PMGC Holdings's debt-to-equity ratio?
PMGC Holdings (ELAB) had a debt-to-equity ratio of 0.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is PMGC Holdings's return on assets (ROA)?
PMGC Holdings (ELAB) had a return on assets of -60.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is PMGC Holdings's cash runway?
Based on fiscal year 2025 data, PMGC Holdings (ELAB) had $5.4M in cash against an annual operating cash burn of $5.9M. This gives an estimated cash runway of approximately 11 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is PMGC Holdings's Piotroski F-Score?
PMGC Holdings (ELAB) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are PMGC Holdings's earnings high quality?
PMGC Holdings (ELAB) has an earnings quality ratio of 0.77x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.