Orion Digital Corp. (ORIO:CA) Q4 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
0mins
Should l Buy ORIO?
Source: SeekingAlpha
Q4 Revenue $14.5 million, up 32% year-over-year. Growth driven by Wealth segment.
Combined Revenue (Wealth and Payments) $24.4 million, up 27% year-over-year. Reflects quality of revenue mix and shift towards recurring, platform-driven economics.
Platform Members 2.3 million, growing 6% year-over-year.
Payment Network Volume $12 billion, up 4% year-over-year.
Full Year Revenue $68.6 million, compared to $71.2 million in '24. Decrease due to exiting 2 unprofitable businesses and rate changes in Canada. Adjusted for these, revenue increased 4% year-over-year.
Adjusted EBITDA $7.1 million, an increase of 7% year-over-year. Reflects improving operating leverage and recurring revenue growth.
Cash and Investments $41 million at year-end, more than doubled due to portfolio monetizations and capital discipline.
Wealth Platform Revenue $14.5 million in Q4, growing 36% year-over-year. Growth supported by Intelligent Investing platform rollout.
Assets Under Management (AUM) $498 million, up from $428 million in '24 and $288 million in '22.
Payments Processed by Carta $11.9 billion for the year. Excluding Canada exit, $11.1 billion, up 14% year-over-year.
Adjusted Payments Revenue Increased 23% for the year and 12% for the quarter.
Adjusted Subscription Services Revenue $41.5 million, up 12% year-over-year, now representing 62% of total revenue.
Gross Margin 70% for the full year.
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Analyst Views on ORIO
Wall Street analysts forecast ORIO stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.935
Low
4.00
Averages
4.00
High
4.00
Current: 0.935
Low
4.00
Averages
4.00
High
4.00
No data
About ORIO
Orion Digital Corp., formerly Mogo Inc., is a digital finance company operating across wealth, payments, and digital assets. Through its wholly owned subsidiaries, including Carta Worldwide, and its Intelligent Investing platform, the Company powers the infrastructure that moves money across businesses and platforms and helps individuals master the art of building wealth through discipline and behavioral edge. It operates across three integrated engines: Intelligent Investing, Carta Worldwide, and Bitcoin Treasury. Intelligent Investing is a behavioral-edge wealth platform. Carta Worldwide is a global payments infrastructure powering billions in annual processing. Bitcoin Treasury is a long-duration digital asset reserve with early-mover credibility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Orion Digital Corp Reports Q4 Revenue Growth and Strategic Focus
- Revenue Growth: Orion Digital Corp reported Q4 revenue of $14.5 million, a 32% year-over-year increase, indicating strong performance in Wealth and Payments, although total annual revenue declined, reflecting challenges in strategic adjustments.
- AUM Increase: The company's Assets Under Management (AUM) reached $498 million by year-end, up 70% from $428 million last year, demonstrating success in client acquisition and asset management, thereby enhancing market competitiveness.
- Strong Cash Position: With $41 million in cash and investments at year-end, the company maintains flexibility for future investments, despite pressures from interest rate changes, ensuring stable cash flow to support strategic growth.
- Strategic Focus: The company prioritizes capital allocation to Wealth, Payments, and share repurchases, reflecting a commitment to high-return areas, while acknowledging limitations in growth within the consumer lending segment, yet viewing it as a vital cash flow component for the future.
See More
Orion Digital Reports Q4 Revenue Growth and Strategic Adjustments
- Revenue Performance: Orion Digital reported Q4 revenue of $17.4 million, reflecting a 4% decline in reported figures but a 4% increase when adjusted, demonstrating resilience and market adaptability following the exit from certain businesses.
- Wealth and Payments Revenue Growth: Wealth revenue surged 32% year-over-year to $3.8 million, while payments revenue grew 1% to $2.4 million, resulting in combined wealth and payments revenue of $6.2 million, an 18% increase, indicating success in diversifying revenue streams.
- Gross Margin Improvement: The company's gross margin increased from 63% in 2024 to 70%, a significant enhancement that not only boosts profitability but also provides a stronger financial foundation for future investments and expansion.
- Strong Cash Flow: Cash provided by operations before investment in gross loans receivable reached $6.0 million, a 46% year-over-year increase, showcasing significant improvements in operational efficiency and cash management, thereby enhancing financial stability.
See More
Orion Digital Reports Strong 2025 Financial Results with 36% Wealth Revenue Growth
- AUM Growth: Orion Digital's assets under management reached CAD 498 million, reflecting a 17% year-over-year increase, indicating the growing appeal of its Intelligent Investing platform, which effectively attracts more client funds and lays a solid foundation for future revenue growth.
- Payments Business Expansion: In FY 2025, Orion Digital reported payments revenue of CAD 9.9 million, a 15% increase, while European payment transaction volume reached CAD 11.1 billion, up 14%, showcasing the company's ongoing expansion in the European market and enhancement of its payments infrastructure.
- Stable Cash Flow: The company generated CAD 19.6 million in cash flow from operations in FY 2025, a 35% year-over-year increase, providing significant financial flexibility for capital allocation and future investments, supporting ongoing investments in its wealth and payments platforms.
- Adjusted EBITDA Growth: Orion Digital achieved an adjusted EBITDA of CAD 7.1 million in FY 2025, a 7% increase, demonstrating significant progress in its transition to a platform-driven business model, enhancing its long-term profitability and market competitiveness.
See More
Orion Digital to Host Q4 & Full-Year 2025 Earnings Call
- Earnings Call Announcement: Orion Digital will hold a conference call on March 12, 2026, at 1:00 p.m. ET to discuss its Q4 and Full-Year 2025 financial results, with results released prior to market open, ensuring timely access to critical information for investors.
- Executive Leadership: The call will be hosted by Founder & CEO David Feller and President & CFO Greg Feller, highlighting the company's commitment to financial transparency and investor relations, which is crucial for enhancing market confidence.
- Live Webcast Format: The meeting will be conducted via live webcast, including a slide presentation, aimed at providing investors with a more intuitive understanding of financial data, thereby improving the efficiency and clarity of information dissemination.
- Company Overview: Orion Digital Corp. operates digital wealth and payments infrastructure platforms focused on generating recurring subscription and service revenue, with its Intelligent Investing platform and subsidiary Carta Worldwide offering comprehensive financial services in North America and Europe, showcasing the company's competitiveness in the digital finance sector.
See More
Orion Digital Exits WonderFi Position, Boosts Cash to CDN$27 Million
- Cash Flow Enhancement: Orion Digital's exit from its remaining WonderFi position increases cash and cash equivalents by over 50% in Q3 2025, reaching approximately CDN$27 million, significantly enhancing the company's liquidity and financial flexibility.
- Investment Cycle Completion: This monetization marks the conclusion of a successful investment cycle, further strengthening the balance sheet and providing greater flexibility for future capital allocation, ensuring disciplined execution of long-term strategies across wealth, payments, and digital assets.
- Positive Market Reaction: In the context of Robinhood's acquisition of WonderFi, Orion Digital's decision to monetize its shares in the open market prioritizes the time value of capital, a move expected to bolster investor confidence in the company's future growth potential.
- Clear Strategic Positioning: With a materially higher cash position, Orion Digital is well-positioned to effectively evaluate capital allocation opportunities consistent with its strategies in wealth, payments, and digital assets, further driving the company's long-term growth objectives.
See More
Orion Digital Corp Reports Q4 Revenue Growth and Strategic Focus
- Revenue Growth: Orion Digital Corp reported Q4 revenue of $14.5 million, a 32% year-over-year increase, indicating strong performance in Wealth and Payments, although total annual revenue declined, reflecting challenges in strategic adjustments.
- AUM Increase: The company's Assets Under Management (AUM) reached $498 million by year-end, up 70% from $428 million last year, demonstrating success in client acquisition and asset management, thereby enhancing market competitiveness.
- Strong Cash Position: With $41 million in cash and investments at year-end, the company maintains flexibility for future investments, despite pressures from interest rate changes, ensuring stable cash flow to support strategic growth.
- Strategic Focus: The company prioritizes capital allocation to Wealth, Payments, and share repurchases, reflecting a commitment to high-return areas, while acknowledging limitations in growth within the consumer lending segment, yet viewing it as a vital cash flow component for the future.
See More
Orion Digital Reports Q4 Revenue Growth and Strategic Adjustments
- Revenue Performance: Orion Digital reported Q4 revenue of $17.4 million, reflecting a 4% decline in reported figures but a 4% increase when adjusted, demonstrating resilience and market adaptability following the exit from certain businesses.
- Wealth and Payments Revenue Growth: Wealth revenue surged 32% year-over-year to $3.8 million, while payments revenue grew 1% to $2.4 million, resulting in combined wealth and payments revenue of $6.2 million, an 18% increase, indicating success in diversifying revenue streams.
- Gross Margin Improvement: The company's gross margin increased from 63% in 2024 to 70%, a significant enhancement that not only boosts profitability but also provides a stronger financial foundation for future investments and expansion.
- Strong Cash Flow: Cash provided by operations before investment in gross loans receivable reached $6.0 million, a 46% year-over-year increase, showcasing significant improvements in operational efficiency and cash management, thereby enhancing financial stability.
See More
Orion Digital Reports Strong 2025 Financial Results with 36% Wealth Revenue Growth
- AUM Growth: Orion Digital's assets under management reached CAD 498 million, reflecting a 17% year-over-year increase, indicating the growing appeal of its Intelligent Investing platform, which effectively attracts more client funds and lays a solid foundation for future revenue growth.
- Payments Business Expansion: In FY 2025, Orion Digital reported payments revenue of CAD 9.9 million, a 15% increase, while European payment transaction volume reached CAD 11.1 billion, up 14%, showcasing the company's ongoing expansion in the European market and enhancement of its payments infrastructure.
- Stable Cash Flow: The company generated CAD 19.6 million in cash flow from operations in FY 2025, a 35% year-over-year increase, providing significant financial flexibility for capital allocation and future investments, supporting ongoing investments in its wealth and payments platforms.
- Adjusted EBITDA Growth: Orion Digital achieved an adjusted EBITDA of CAD 7.1 million in FY 2025, a 7% increase, demonstrating significant progress in its transition to a platform-driven business model, enhancing its long-term profitability and market competitiveness.
See More
Orion Digital to Host Q4 & Full-Year 2025 Earnings Call
- Earnings Call Announcement: Orion Digital will hold a conference call on March 12, 2026, at 1:00 p.m. ET to discuss its Q4 and Full-Year 2025 financial results, with results released prior to market open, ensuring timely access to critical information for investors.
- Executive Leadership: The call will be hosted by Founder & CEO David Feller and President & CFO Greg Feller, highlighting the company's commitment to financial transparency and investor relations, which is crucial for enhancing market confidence.
- Live Webcast Format: The meeting will be conducted via live webcast, including a slide presentation, aimed at providing investors with a more intuitive understanding of financial data, thereby improving the efficiency and clarity of information dissemination.
- Company Overview: Orion Digital Corp. operates digital wealth and payments infrastructure platforms focused on generating recurring subscription and service revenue, with its Intelligent Investing platform and subsidiary Carta Worldwide offering comprehensive financial services in North America and Europe, showcasing the company's competitiveness in the digital finance sector.
See More
Orion Digital Exits WonderFi Position, Boosts Cash to CDN$27 Million
- Cash Flow Enhancement: Orion Digital's exit from its remaining WonderFi position increases cash and cash equivalents by over 50% in Q3 2025, reaching approximately CDN$27 million, significantly enhancing the company's liquidity and financial flexibility.
- Investment Cycle Completion: This monetization marks the conclusion of a successful investment cycle, further strengthening the balance sheet and providing greater flexibility for future capital allocation, ensuring disciplined execution of long-term strategies across wealth, payments, and digital assets.
- Positive Market Reaction: In the context of Robinhood's acquisition of WonderFi, Orion Digital's decision to monetize its shares in the open market prioritizes the time value of capital, a move expected to bolster investor confidence in the company's future growth potential.
- Clear Strategic Positioning: With a materially higher cash position, Orion Digital is well-positioned to effectively evaluate capital allocation opportunities consistent with its strategies in wealth, payments, and digital assets, further driving the company's long-term growth objectives.
See More
