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Orion Digital Corp., formerly Mogo Inc., reports developments tied to its digital finance platform, operating results, and capital structure. The company operates across wealth, payments, and digital assets, with Intelligent Investing as its wealth platform and Carta Worldwide as its payments infrastructure business for issuer processing and transaction authorization.
Company news commonly covers quarterly and annual financial results, wealth revenue and assets under management, payments volume, capital allocation, share repurchase activity, and the transition from Mogo to Orion Digital. Updates also reference the company's mature consumer lending portfolio and Bitcoin treasury strategy as part of its broader platform-driven business model.
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.
Mogo, a digital wealth and payments business listed on TSX and NASDAQ, has announced it will release its Q3 2024 financial results before market open on November 6, 2024. The company will hold a conference call and webcast at 12:00 p.m. ET on the same day, featuring a slide presentation. The call will be hosted by David Feller, Founder & CEO, and Greg Feller, President & CFO. A replay of the call will be available until December 6, 2024.
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), a digital wealth and payments company, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 9-11, 2024 in New York. Key details include:
- Greg Feller, Mogo's President, will represent the company
- Mogo's presentation is set for September 9 at 2:30 PM ET
- The company will also engage in one-on-one meetings during the conference
- Investors can access a webcast of Mogo's presentation after the conference via the Events page on the company's investor relations site
This participation offers Mogo an opportunity to showcase its digital wealth and payments business to a global investment audience, potentially attracting new investors and partnerships.
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) reported its Q2 2024 financial results, showing 10% year-over-year revenue growth to $17.6 million. The company's Adjusted EBITDA increased to $1.4 million, while quarterly payments volume rose 12% to $2.8 billion. Mogo ended Q2 with $41.5 million in cash, marketable securities & investments.
Key highlights include:
- Gross profit of $11.8 million
- Gross Margin increased to 67.5%
- Operating expenses remained stable at $13.1 million
- Positive cash flow from operating activities of $0.5 million
- Net loss of $12.4 million, primarily due to non-operating revaluation loss
Mogo also announced strategic partnerships with Postmedia and Thomas Lee of Fundstrat to enhance its wealth platform offerings.