PMGC Holdings Inc. (NASDAQ: ELAB) filed its quarterly report for the three months ended March 31, 2026, showing total assets of approximately $26.0 million, according to a company statement.

The Newport Beach, California-based holding company reported total assets increased 102% from approximately $12.87 million at year-end 2025 and 193% year-over-year. Shareholders' equity grew to approximately $12.6 million, up 61% from approximately $7.84 million at year-end 2025.

Cash and cash equivalents reached approximately $14.4 million at quarter-end, compared to $5.4 million at year-end 2025. Net working capital improved to approximately $5.1 million from $2.9 million at year-end 2025.

Revenue for the quarter was approximately $682,000, compared to no revenue in the same period of 2025. The company reported this exceeded its entire fiscal year 2025 revenue of approximately $590,000. Sequential revenue grew approximately 124% from approximately $304,000 in the fourth quarter of 2025.

The company completed the acquisition of SVM Machining Inc., a Northern California precision machining company, on February 2, 2026. SVM serves medical, aerospace, biotech, pharmaceutical, semiconductor and transportation markets.

After the quarter ended, PMGC formed NorthStrive Defense Tech LLC on April 2, 2026, focusing on defense technologies including drone and autonomous systems. The company entered into a $40 million equity purchase facility with an institutional investor on April 17, 2026, with an initial $10 million funded at closing.

PMGC completed the acquisition of A&B Aerospace Inc. on May 12, 2026. The California-based precision machining and aerospace manufacturing company serves customers including Boeing, Honeywell and Moog, generating approximately $4.5 million in trailing-twelve-month revenue.