Mogo Inc Stock Price, News & Analysis

Robinhood Markets has entered into a definitive agreement to acquire WonderFi Technologies, in which Mogo (NASDAQ: MOGO) is the largest shareholder with approximately 82 million shares. The all-cash transaction values WonderFi at C$250 million, offering C$0.36 per share - a 41% premium to WonderFi's closing price on May 12, 2025, and a 71% premium to its 30-day VWAP.

Mogo, along with other key shareholders holding approximately 28% of WonderFi shares, has signed voting support agreements in favor of the arrangement. The acquisition follows Mogo's strategic role in orchestrating the July 2023 merger between Coinsquare and WonderFi, which consolidated two major Canadian crypto trading platforms. The transaction is expected to close in the second half of 2025, subject to shareholder and regulatory approvals.

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), a digital wealth and payments company, has announced its participation in the upcoming D. Boral Capital Inaugural Global Conference on May 14, 2025 in New York. The company's President & Co-founder, Greg Feller, will be available for one-on-one meetings with interested parties at The Plaza Hotel. Investors and stakeholders interested in scheduling meetings can contact John Perez at jperez@dboralcapital.com.

Mogo reported its Q1 2025 financial results, showing mixed performance across its digital wealth and payments businesses. Total revenue was $17.3 million, a 3% decrease year-over-year, while adjusted revenue grew 2% to $16.7 million. The company's Wealth Revenue grew 41% to $3.5 million, and Payments Revenue increased 34% to $2.6 million.

Key financial metrics include gross profit of $11.6 million, Adjusted EBITDA of $1.1 million, and a net loss of $11.9 million, which included an $8.3 million non-operating revaluation loss. The company maintained a solid balance sheet with $38.8 million in cash, marketable securities, and investments. Mogo's payments volume reached $3.2 billion, up 26% YoY, while assets under management grew 8% to $436 million.

The company launched MOGO 3.0, focusing on becoming AI-native, and reiterated its 2025 guidance, expecting 20-25% growth in wealth revenue and mid-to-high teens growth in payments.

Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO), a digital wealth and payments business, has scheduled its Q1 2025 financial results announcement for Thursday, May 8, 2025. The company will release its financial results before the market opens, followed by a conference call and webcast at 3:00 p.m. ET.

The presentation will be hosted by David Feller, Mogo's Founder & CEO, and Greg Feller, President & CFO. The live webcast will include a slide presentation and can be accessed at investors.mogo.ca. A replay will be available until June 8, 2025.

Mogo Inc. (NASDAQ:MOGO) reported strong Q4 and FY 2024 results, with notable growth across key segments. Q4 revenue increased 5.2% to $18.0 million, while full-year revenue grew 9.2% to $71.2 million. The company achieved net income of $10.4 million in Q4 2024.

Key highlights include:

• Wealth revenue grew 19% in Q4, reaching $2.9 million
• Payments revenue increased 27% in Q4 to $2.4 million
• Payment volume processed reached $11.5 billion in 2024, up 16% year-over-year
• Assets under management grew 22% to $428 million
• Cash, marketable securities & investments totaled $49.1 million

The company updated its 2025 guidance, projecting 20-25% growth in wealth business revenue and mid-to-high teens growth in payments. However, subscription & services revenue is expected to decrease 5-8% due to exiting the institutional brokerage business. Adjusted EBITDA is forecast at $5-6 million for fiscal 2025.

Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO), a digital wealth and payments business, has scheduled its Q4 and full-year 2024 financial results announcement for March 20, 2025. The company will release its financial results before the market opens, followed by a conference call and webcast at 10:30 a.m. ET. The presentation will include a slide deck and will be hosted by David Feller, Founder & CEO, and Greg Feller, President & CFO.

Mogo (NASDAQ:MOGO) (TSX:MOGO) has announced an amendment to its senior credit facility with Fortress Investment Group. The key changes include:

• Extension of maturity date by three years to January 2, 2029
• Interest rate reduction of 100 basis points
• Potential increase in available capital from $60.0 million to $100.0 million

The amended facility supports Mogo's digital credit solution while lowering its cost of capital and increasing financial flexibility. The company has maintained a partnership with Fortress for over 10 years.

Carta Worldwide, a digital payment solutions subsidiary of Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), reported processing nearly $3.0 billion in payment volume during Q3 2024, marking a 23% increase from Q3 2023. The company's payment volume now runs at an annual rate of $12 billion, driven by expansion with major European customers. Mogo has been investing in Carta's technology platform, positioning it for growth in the global payments market.

Mogo Inc. (NASDAQ:MOGO) reported strong Q3 2024 results with notable growth across key metrics. Revenue increased 9% year-over-year to $17.7 million, while Subscription & Services revenue grew 12% to $10.7 million. Payment volume reached a record $3.0 billion, up 23% year-over-year. Assets under management increased 22% to $409 million. The company achieved $2.1 million in Adjusted EBITDA and raised its 2024 guidance. Notably, Mogo expects to achieve positive Adjusted Net Income in 2025 for the first time in its history, with projected Adjusted EBITDA of $10-12 million.