Recent Updates — MOGO

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.

Orion Digital Corp. raised its full-year 2026 Adjusted EBITDA guidance to a range of $7 million to $8 million, up from the previous estimate of $6 million to $7 million. The revision follows first-nine-month results showing Adjusted EBITDA of $6.7 million, a 35% increase year-over-year, driven by lower marketing spend and cost discipline. For the third quarter ended September 30, 2026, total revenue was $17.0 million, consistent with the prior year, while net loss narrowed to $3.1 million from $4.5 million. The company also reported a 13% increase in Wealth platform revenue and continued growth in its European payments infrastructure business. Orion Digital operates as a financial technology company focused on AI-driven wealth management, payments infrastructure, and consumer lending.