Earnings ·
Orion Digital raises full-year Adjusted EBITDA guidance to $7–8 million on Q3 results
MOGOOrion Digital Corp.
Orion Digital reported third-quarter revenue of $17.0 million, consistent with the prior year, as 14% growth in Wealth and Payments revenue offset a 9% decline in interest revenue. The company generated $2.5 million in operating cash flow and repaid approximately $4.3 million of debt. Management raised its full-year Adjusted EBITDA guidance to $7.0–$8.0 million from the previous range of $6.0–$7.0 million, citing a 35% year-over-year increase in first-nine-months Adjusted EBITDA to $6.7 million. The company operates a Canadian consumer financial services platform encompassing Intelligent Investing and Mogo Lending, alongside Carta Worldwide, its European payments infrastructure business.