Orion Digital (ORIO) Financials
Ticker history: MOGO became ORIO (Orion Digital Corp.) on . Earlier news and filings retain their original names and dates. View MOGO history.
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2024, filed Apr 29, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ORIO SEC filings page.
Orion Digital Corp. (ORIO) reported $49.4M in revenue for fiscal year 2024, up 0.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (20-F and 6-K reports).
Financial Health Signals
Orion Digital Corp. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Orion Digital Corp. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Orion Digital Corp. reported a net loss of $9.5M while operations used $883K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Orion Digital Corp. reported an operating loss of $2.6M against $4.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Orion Digital Corp. generated $49.4M in revenue in fiscal year 2024. This represents an increase of 0.1% from the prior year.
Orion Digital Corp.'s EBITDA was $3.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.8% from the prior year.
Orion Digital Corp. reported a net loss of $9.5M in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
Orion Digital Corp. earned -$0.39 per diluted share (EPS) in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Orion Digital Corp. recorded an outflow of $938K in free cash flow in fiscal year 2024, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Orion Digital Corp. held $5.9M in cash as of fiscal year 2024; no long-term debt figure is on record for that period.
Not reported for fiscal year 2024.
Margins & Returns
Orion Digital Corp.'s gross margin was 65.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 6.0 percentage points from the prior year.
Orion Digital Corp.'s operating margin was -5.2% in fiscal year 2024, reflecting core business profitability. This is up 0.7 percentage points from the prior year.
Orion Digital Corp.'s net profit margin was -19.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.2 percentage points from the prior year.
Orion Digital Corp.'s ROE was -16.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.2 percentage points from the prior year.
Capital Allocation
Orion Digital Corp. invested $55K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 66.2% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
ORIO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $49.4M+0.1% | $49.4M-3.0% | $51.0M+13.2% | $45.0M+29.8% | $34.7M-24.8% | $46.1M+11.3% | $41.4M+13.9% | $36.4M-2.0% | $37.1M |
| Cost of Revenue | $17.0M+21.1% | $14.1M-16.2% | $16.8M+86.8% | $9.0M+31.0% | $6.9M-52.7% | $14.5M+16.8% | $12.4M+30.1% | $9.5M-33.1% | $14.3M |
| Gross Profit | $32.4M-8.3% | $35.3M+3.4% | $34.2M-5.2% | $36.0M+29.5% | $27.8M-12.0% | $31.6M+9.0% | $29.0M+8.2% | $26.8M+17.4% | $22.9M |
| Operating Income | -$2.6Mn/m | -$2.9Mn/m | -$24.8Mn/m | -$27.8M-3213.7% | $893Kn/m | -$2.8M | N/A | N/A | N/A |
| EBITDA | $3.3M-16.8% | $3.9Mn/m | -$15.5M | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $4.7M+1.3% | $4.6M+34.0% | $3.4M+6.6% | $3.2M-33.8% | $4.9M-44.4% | $8.7M+27.4% | $6.9M+19.5% | $5.7M+25.8% | $4.6M |
| Income Tax | -$237Kn/m | -$303Kn/m | -$248Kn/m | -$182Kn/m | $0 | N/A | N/A | N/A | N/A |
| Net Income | -$9.5Mn/m | -$13.5Mn/m | -$122.4Mn/m | -$26.0Mn/m | -$10.5Mn/m | -$8.4M | N/A | N/A | N/A |
| EPS (Basic) | -$0.39n/m | -$0.55 | -$1.60n/m | -$0.41 | -$0.37 | N/A | N/A | N/A | N/A |
| EPS (Diluted) | -$0.39n/m | -$0.55 | -$1.60n/m | -$0.41 | -$0.37 | N/A | N/A | N/A | N/A |
| Diluted Shares (Avg) | 24M-1.8% | 25M | 25M+21.1% | 21M | 29M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
ORIO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $131.7M-16.3% | $157.4M-3.9% | $163.7M-46.9% | $308.3M+276.3% | $81.9M-29.7% | $116.6M+20.3% | $96.9M-9.9% | $107.6M | N/A |
| Cash & Equivalents | $5.9M-51.5% | $12.2M-43.5% | $21.6M-59.2% | $53.0M+458.1% | $9.5M+18.2% | $8.0M-46.4% | $15.0M-53.8% | $32.4M+133.6% | $13.9M |
| Goodwill | $26.6M-8.3% | $29.1M+2.5% | $28.3M-48.3% | $54.9Mn/m | $0-100.0% | $30.5M+33.8% | $22.8M+22.0% | $18.7M+37.5% | $13.6M |
| Total Liabilities | $75.3M-12.8% | $86.4M+5.7% | $81.7M-15.8% | $97.1M+24.8% | $77.8M-32.5% | $115.2M+11.5% | $103.3M+6.9% | $96.6M | N/A |
| Total Equity | $56.4M-20.6% | $71.0M-13.4% | $81.9M-61.2% | $211.1M+5042.7% | $4.1M+203.8% | $1.4Mn/m | -$6.4M-157.8% | $11.0M+159.5% | $4.2M |
| Retained Earnings | -$239.9Mn/m | -$251.3Mn/m | -$232.0Mn/m | -$116.0Mn/m | -$90.2Mn/m | -$78.4Mn/m | -$66.5Mn/m | -$50.8M | N/A |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
ORIO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$883Kn/m | -$6.9Mn/m | -$20.0Mn/m | -$24.3M-170.8% | $34.3Mn/m | -$11.7Mn/m | -$21.4Mn/m | -$17.1Mn/m | -$9.5M |
| Depreciation & Amortization | $5.8M-14.9% | $6.9M-26.5% | $9.3M | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | $55K-66.2% | $162K-51.8% | $336K-7.4% | $363K+1913.6% | $18K-96.4% | $499K-80.0% | $2.5M+674.1% | $323K-53.6% | $696K |
| Free Cash Flow | -$938Kn/m | -$7.1Mn/m | -$20.3Mn/m | -$24.7M-171.9% | $34.3Mn/m | -$12.2Mn/m | -$23.9Mn/m | -$17.4Mn/m | -$10.2M |
| Investing Cash Flow | -$1.9Mn/m | -$2.3Mn/m | -$6.8Mn/m | -$31.0Mn/m | -$3.9Mn/m | -$7.0Mn/m | -$8.1Mn/m | -$4.3Mn/m | -$5.5M |
| Financing Cash Flow | -$2.4Mn/m | -$652Kn/m | -$2.3M-102.3% | $98.5Mn/m | -$29.1M-364.4% | $11.0M-25.4% | $14.8M-62.1% | $38.9M+649.4% | $5.2M |
| Share Buybacks | N/A | $185K | N/A | $1.9M | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.
ORIO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.6%-6.0pp | 71.5%+4.5pp | 67.1%-13.0pp | 80.0%-0.2pp | 80.2%+11.6pp | 68.6%-1.5pp | 70.0%-3.7pp | 73.8%+12.2pp | 61.6% |
| Operating Margin | -5.2%+0.7pp | -5.9%+42.8pp | -48.7%+13.1pp | -61.8%-64.3pp | 2.6%+8.7pp | -6.1% | N/A | N/A | N/A |
| Net Margin | -19.2%+8.2pp | -27.4% | -240.3% | -57.7%-27.4pp | -30.4%-12.3pp | -18.1% | N/A | N/A | N/A |
| Return on Equity | -16.8%+2.2pp | -19.1%+130.3pp | -149.4%-137.1pp | -12.3%+244.5pp | -256.8%+361.1pp | -617.9% | N/A | N/A | N/A |
| Return on Assets | -7.2%+1.4pp | -8.6%+66.2pp | -74.8%-66.4pp | -8.4%+4.4pp | -12.9%-5.7pp | -7.2% | N/A | N/A | N/A |
| Liabilities-to-Equity | 1.34+0.1x | 1.22+0.2x | 1.00+0.5x | 0.46-18.5x | 18.95-66.3x | 85.24 | N/A | 8.76 | N/A |
| Asset Turnover | 0.38+0.1x | 0.310.0x | 0.31+0.2x | 0.15-0.3x | 0.420.0x | 0.400.0x | 0.43+0.1x | 0.34 | N/A |
| FCF Margin | -1.9%+12.5pp | -14.4%+25.4pp | -39.8%+15.0pp | -54.9%-153.8pp | 99.0%+125.5pp | -26.5%+31.2pp | -57.7%-9.9pp | -47.8%-20.4pp | -27.4% |
Not reported in any period shown, so not listed: Current Ratio, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Orion Digital Corp. ORIO | FY2024 | $49.4M | -$9.5M | -19.2% | $20.3M | — |
| Smartbird, Inc. BIRD | FY2025 | $152.5M | -$77.3M | -50.7% | $23.0M | 20/100 |
| Exyn Technologies, Inc. EXYN | FY2025 | $5.8M | -$12.2M | N/A | $18.4M | 13/100 |
| ChowChow Cloud International Holdings Limited CHOW | FY2025 | $32.2M | -$3.0M | -9.4% | $15.6M | 57/100 |
| MBody AI Ltd. MBAI | FY2025 | N/A | $4.1M | N/A | $28.8M | — |
| Intrusion Inc New INTZ | FY2025 | $7.0M | -$9.1M | N/A | $14.3M | 53/100 |
Where Orion Digital Corp. Ranks
Frequently Asked Questions
Orion Digital Corp. (ORIO) reported $49.4M in total revenue for fiscal year 2024. This represents a 0.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Orion Digital Corp. (ORIO) revenue grew by 0.1% year-over-year, from $49.4M to $49.4M in fiscal year 2024.
No, Orion Digital Corp. (ORIO) reported a net loss of $9.5M in fiscal year 2024, with a net profit margin of -19.2%.
Orion Digital Corp. (ORIO) had EBITDA of $3.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
Orion Digital Corp. (ORIO) had a gross margin of 65.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
Orion Digital Corp. (ORIO) had an operating margin of -5.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
Orion Digital Corp. (ORIO) had a net profit margin of -19.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Orion Digital Corp. (ORIO) has a return on equity of -16.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
Orion Digital Corp. (ORIO) recorded an outflow of $938K in free cash flow during fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Orion Digital Corp. (ORIO) recorded an outflow of $883K in operating cash flow during fiscal year 2024, representing cash used by core business activities.
Orion Digital Corp. (ORIO) had $131.7M in total assets as of fiscal year 2024, including both current and long-term assets.
Orion Digital Corp. (ORIO) invested $55K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Orion Digital Corp. (ORIO) had a liabilities-to-equity ratio of 1.34 as of fiscal year 2024, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2024, because the filing data we hold for that year carries no long-term debt figure.
Orion Digital Corp. (ORIO) had a return on assets of -7.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Orion Digital Corp. (ORIO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $20.3M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Orion Digital Corp. (ORIO) trades at 0.4x sales, its market capitalization divided by $49.4M revenue, FY2024. The market capitalization is $20.3M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Orion Digital Corp. (ORIO) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Orion Digital Corp. (ORIO) reported a net loss of $9.5M while operations used $883K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Orion Digital Corp. (ORIO) reported an operating loss of $2.6M against $4.7M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.