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Pmgc Holdings (ELAB) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 14, 2025

Pmgc Holdings (ELAB) reported revenue of $286K for the third quarter 2025 (Q3 2025), -46% from a year earlier. Operating margin was -769.0%, net loss $2.6M (907.3% of revenue).

Revenue$286K
Year over year-46%
Quarter over quarter—
Operating margin-769.0%
Net earnings−$2.6M

Pmgc Holdings, Q3 2025: revenue $286K (-46% year over year), operating margin -769.0%, net loss $2.6M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$286K—-46%
Operating profit−$2.2M——
Net earnings−$2.6M——
Operating cash flow−$1.5M——

What changed

Revenue was $286K in Q3 2025, down 46% year over year.

Gross margin was 27.3%, down 47.4 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -769.0%. Operating expenses grew 123% against a revenue fall of 46%. The fastest-growing cost line was Sales & marketing (+473%). The quarter ended with a net loss of $2.6M.

Operating cash flow was −$1.5M. Non-cash charges added back $35K of depreciation and $13K of share-based compensation. Working capital and other items added $1.1M.

Questions

What was Pmgc Holdings' revenue in the third quarter 2025?

Pmgc Holdings (ELAB) reported revenue of $286K for the third quarter 2025 (Q3 2025), -46% from a year earlier.

Was Pmgc Holdings profitable in the third quarter 2025?

Operating loss was $2.2M (-769.0% of revenue) and net loss $2.6M.

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Source: Pmgc Holdings 10-Q on SEC EDGAR.