PMGC Holdings Inc. [NASDAQ: ELAB] Reports Q1 2026 Results and Files Form 10-Q; Total Assets Reach Over $26.0 Million, Up 102% from Year-End 2025 and 193% Year-over-Year
PMGC Holdings (Nasdaq: ELAB) filed its Q1 2026 Form 10-Q and reported strong balance sheet expansion driven by financing and M&A, including the SVM Machining acquisition.
Sentiment and the balance of points
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Rhea-AI Summary
PMGC Holdings (Nasdaq: ELAB) filed its Q1 2026 Form 10-Q and reported strong balance sheet expansion driven by financing and M&A, including the SVM Machining acquisition.
Total assets reached ~$26.0M, up 102% from year-end 2025. Shareholders’ equity rose to ~$12.6M and cash to ~$14.4M, the Company’s largest cash balance. Q1 2026 revenue was ~$682,000, exceeding full-year 2025 revenue and up ~124% sequentially.
Subsequent events include forming NorthStrive Defense Tech, a new $40M equity purchase facility with an institutional investor, and closing the acquisition of A&B Aerospace, a cash-flow-positive aerospace manufacturer with ~$4.5M trailing-twelve-month revenue.
Positive
- Total assets up 102% from year-end 2025 to about $26.0M
- Shareholders’ equity up 61% from year-end 2025 to about $12.6M
- Cash balance grew to about $14.4M from $5.4M, highest in company history
- Q1 2026 revenue ~$682,000, exceeding entire FY2025 revenue of ~$590,000
- Sequential revenue growth of about 124% versus Q4 2025 (~$304,000)
- A&B Aerospace acquisition adds ~$4.5M TTM revenue and cash-flow-positive operations
- $40M equity purchase facility provides committed, flexible capital over a 24-month period
Negative
- None.
Details
News Market Reaction – ELAB
On May 15, the day this news came out, ELAB closed 0.97% above the previous close.
Data tracked by StockTitan Argus for the May 15 session.
Key Figures
- Total assets
- approximately $26.0 million
- As of March 31, 2026; up 102% from $12.87M and 193% year-over-year
- Shareholders’ equity
- approximately $12.6 million
- As of March 31, 2026; up 61% from $7.84M and 55% year-over-year
- Cash and cash equivalents
- approximately $14.4 million
- Quarter-end Q1 2026; up from $5.4M at year-end 2025
- Net working capital
- approximately $5.1 million
- Improved from $2.9M at year-end 2025
- Q1 2026 revenue
- approximately $682,000
- Three months ended March 31, 2026; versus $nil in Q1 2025
- FY 2025 revenue
- approximately $590,000
- Q1 2026 revenue exceeded entire FY2025 revenue in a single quarter
- Sequential revenue growth
- approximately 124%
- Versus approximately $304,000 in Q4 2025
- Equity purchase facility
- $40 million
- New equity purchase facility with initial approximately $10M tranche funded
Previous Earnings Reports
-
Q3 2024 results with higher margins, funding, and pipeline progress.
-
Q2 2024 revenue growth and restructuring alongside continued net losses.
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Q1 2024 strong revenue growth with higher operating expenses and losses.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
Form 10-Q regulatory
equity purchase facility financial
trailing-twelve-month financial
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NEWPORT BEACH, Calif., May 15, 2026 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (Nasdaq: ELAB) (“PMGC” or the “Company”), a diversified holding company, has filed its Quarterly Report on Form 10-Q (the “Quarterly Report”) for the three months ended March 31, 2026, with the U.S. Securities and Exchange Commission (“SEC”).
The Quarterly Report is available on the SEC’s website at www.sec.gov under the Company’s filings.
Q1 2026 was a quarter of meaningful balance sheet growth, driven by the Company’s financing and M&A activities, including the closing of the SVM Machining Inc. (“SVM”) acquisition. SVM is a Northern California-based precision machining and manufacturing services company serving medical, aerospace, biotech & pharmaceutical, semiconductor, and transportation markets.
Balance Sheet Highlights
- Total assets increased to approximately
$26.0 million as of March 31, 2026, up102% from approximately$12.87 million at year-end 2025 and up193% year-over-year. - Shareholders’ equity grew to approximately
$12.6 million , up61% from approximately$7.84 million at year-end 2025 and up55% year-over-year. - Cash and cash equivalents ended the quarter at approximately
$14.4 million , up from$5.4 million at year-end 2025 and representing the largest cash balance in the Company’s history. - Net working capital improved to approximately
$5.1 million from$2.9 million at year-end 2025.
Revenue Growth
Q1 2026 revenue reflects the contribution from all three operating manufacturing and packaging subsidiaries, with SVM Machining contributing a partial period following its closing on February 2, 2026.
- Revenue for the three months ended March 31, 2026 was approximately
$682,000 , compared to $nil for the same period in 2025. - Q1 2026 revenue exceeded the Company’s entire FY2025 revenue of approximately
$590,000 in a single quarter. - On a sequential basis, revenue grew approximately
124% from approximately$304,000 in the fourth quarter of 2025.
Subsequent Events
Subsequent to quarter-end, the Company executed several additional strategic initiatives:
- Formation of NorthStrive Defense Tech LLC (“NorthStrive Defense”) on April 2, 2026, a company that will focus on identifying, acquiring, and commercializing advanced defense technologies, with an emphasis on drone and autonomous systems. Following this formation, NorthStrive Defense signed two agreements with the option to acquire a patented GPS-denied autonomous drone navigation technology and multi-domain drone payload technology designed for air and water operations.
- Entry into a new
$40 million equity purchase facility with an institutional investor on April 17, 2026, with an initial tranche of approximately$10 million funded at closing. The Company may draw additional amounts at its sole discretion over a 24-month commitment period. This facility will provide the Company with committed, flexible capital to continue executing on its active M&A pipeline currently focused on aerospace, defense, and industrial manufacturing. - Closing of the acquisition of A&B Aerospace, Inc. (“A&B Aerospace”) on May 12, 2026. A&B Aerospace is a precision machining and aerospace manufacturing company based in California, serving Tier 1 customers, including Boeing, Honeywell, and Moog. A&B generated approximately
$4.5 million in trailing-twelve-month revenue and is cash-flow positive.
About PMGC Holdings Inc.
PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 30, 2026, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
IR Contact: IR@pmgcholdings.com
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