PMGC Holdings Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 13, 2026, reporting total assets of $133,101,280 and 1,168,935 shares outstanding as of November 11, 2026.

Key Highlights

  • Total assets of $133,101,280 as of September 30, 2026, up from $12,868,473 as of December 31, 2025, according to the filing.
  • Restricted cash held in Trust Account of $100,422,693 appeared on the September 30, 2026 balance sheet, with no comparable amount reported as of December 31, 2025.
  • Cash of $12,981,851 as of September 30, 2026, compared to $5,402,333 as of December 31, 2025, the company disclosed.
  • Goodwill of $3,037,815 was reported as of September 30, 2026, versus $977,774 as of December 31, 2025.
  • Shares outstanding of 1,168,935 of common stock, par value $0.0001 per share, as of November 11, 2026, per the filing.
  • The company is classified as a non-accelerated filer, smaller reporting company, and emerging growth company, as indicated on the cover page.

PMGC Holdings Balance Sheet Shows Significant Asset Growth in Third Quarter 2026

PMGC Holdings Inc. (NASDAQ:ELAB), formerly known as Elevai Labs Inc., filed its unaudited condensed consolidated financial statements for the nine months ended September 30, 2026. According to the filing, total assets reached $133,101,280 as of September 30, 2026, a substantial increase from $12,868,473 reported as of December 31, 2025. The company is incorporated in Nevada and maintains its principal executive offices at 520 Newport Center Drive, Suite 470, Newport Beach, CA 92660.

The filing disclosed a Restricted cash held in Trust Account of $100,422,693 as of September 30, 2026, an item that did not appear on the December 31, 2025 balance sheet. Other asset changes include an increase in inventory from $95,098 to $930,234, an increase in intangibles, net, from $2,892,397 to $5,729,533, and growth in goodwill from $977,774 to $3,037,815, all as reported in the condensed consolidated balance sheets. Operating lease right-of-use assets also grew from $1,241,527 to $4,624,072 over the same period.

On the liabilities side, the filing reported accounts payable and accrued liabilities of $1,483,580 as of September 30, 2026, compared to $697,633 as of December 31, 2025. Due to related parties increased from $1,032,895 to $1,695,520, and the current portion of consideration payable rose from $206,250 to $1,261,280. The filing also noted the appearance of a current portion of equipment financing payable of $119,648 as of September 30, 2026, with no corresponding amount as of December 31, 2025. The filing contains forward-looking statements that, according to the company's cautionary language, "are inherently subject to risks and uncertainties, many of which are beyond our control."

What Was Disclosed

PMGC Holdings Inc. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing unaudited condensed consolidated balance sheet data showing total assets of $133,101,280, driven in part by a $100,422,693 restricted cash balance held in a Trust Account, alongside notable increases in goodwill and intangibles.