Earnings ·
Orion Digital reports Q2 revenue of $16.9M with adjusted EBITDA up 70% to $3.3M
ORIOOrion Digital Corp.
Orion Digital Corp. reported unaudited financial results for the three and six months ended June 30, 2026. Total revenue was $16.9 million in Q2, consistent with the prior year, while total revenue for the first half of 2026 decreased slightly to $33.7 million from $34.3 million. The company reported a net loss of $0.7 million in Q2 and $6.6 million for the six-month period, primarily due to non-operating revaluation gains on marketable securities recorded in the prior year periods. Adjusted EBITDA increased 70% year-over-year to $3.3 million in Q2 and rose 61% to $4.8 million for the first half of 2026, driven by reduced lending deployment and lower loan-loss provisions. Wealth revenue grew 14% to $4.1 million, with assets under management reaching $545.3 million. The company repurchased 113,628 shares in Q2 and maintains a Nasdaq authorization of up to $10 million for share buybacks. Orion Digital Corp. operates as a financial technology company providing wealth management, payments infrastructure, and consumer lending services.