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Stock

PMGC Holdings

ELAB
16
Biotechnology · Healthcare
Price
$5.21
-0.02 (-0.38%)
Market Cap
$2.4M
Exchange
NASDAQ Capital Market
Winston Score
16
Winston is worried
Weak fundamentals across most pillars.
Data as of Sep 5, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Mixed
Valuation
Data not available

Share count rising — dilution

+130.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 884 (2021) → 2K (2025)

§Winston Score History

The full picture

PMGC Holdings Inc. functions as a biopharmaceutical firm, primarily dedicated to sourcing and advancing innovative aesthetic and therapeutic solutions. Its flagship product, EL-22, is a pioneering engineered probiotic designed to tackle the critical challenge of maintaining muscle mass during weight reduction regimens, especially those utilizing GLP-1 receptor agonists. Beyond its core operations, the company also engages in medical scientific research and development and manages various investment firms. Formerly known as Elevai Labs, Inc., the organization adopted its current name, PMGC Holdings Inc., in December 2024. Established in 2020, PMGC Holdings Inc. maintains its headquarters in Newport Beach, California.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

+98.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$147,010/ year

Rising (+40% vs prior year)

24.9% of revenue

In line with sector average (18%)

Investing heavily in future products and technology

Cash Runway

~2 years

$19M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$19M cash & investments at current burn rate

Heavy R&D investment

PMGC Holdings is putting 25% of revenue into R&D and that number is rising. With 2+ years of cash runway, they have time to let it pay off.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
8.0%
Thin — 8.0% gross margin
Profit after running costs
Operating Margin
-292.2%
Losing money on operations — -292.2%
Return on the money invested
ROCE
-40.1%
Weak — -40.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-350.6%
Burning cash (-350.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.83
Moderate — manageable debt (0.83)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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