PMGC Holdings Assets Jump 102% to $26M, Q1 Revenue Hits $682K
PMGC Holdings’ total assets reached $26.0 million in Q1 2026, rising 102% from $12.87 million at year-end 2025, while cash and equivalents climbed to $14.4 million. Q1 revenue hit $682,000—exceeding full-year 2025 sales of $590,000—driven by the SVM Machining acquisition and a new $40 million equity facility.
1. Q1 2026 Balance Sheet Expansion
PMGC Holdings closed March 31, 2026 with total assets of $26.0 million, up 102% from $12.87 million at year-end 2025. Shareholders’ equity rose 61% to $12.6 million, cash balances hit a record $14.4 million, and net working capital improved to $5.1 million.
2. Record Quarterly Revenue
The company reported Q1 2026 revenue of $682,000, surpassing full-year 2025 sales of $590,000 and marking a 124% sequential increase from Q4 2025’s $304,000. This performance reflects contributions from all three manufacturing and packaging subsidiaries, including SVM Machining’s partial period results.
3. Strategic Financing Initiatives
On April 17, 2026, PMGC executed a $40 million equity purchase facility with an institutional investor, receiving an initial $10 million tranche. The facility provides flexible capital over 24 months to support the company’s active M&A pipeline in aerospace, defense, and industrial manufacturing.
4. Recent Acquisition and Defense Unit Formation
Subsequent to quarter-end, PMGC formed NorthStrive Defense Tech to pursue advanced drone and autonomous systems, securing options on GPS-denied navigation and multi-domain payload technologies. On May 12, 2026, the company closed its acquisition of A&B Aerospace, which generated $4.5 million in trailing-twelve-month revenue and is cash-flow positive.