Orion Digital Corp. (ORIO:CA) Q4 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
0mins
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: 0.885
Low
4.00
Averages
4.00
High
4.00
Current: 0.885
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.
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- AGM Overview: Orion Digital Corp. held its annual general meeting on May 22, 2026, via live audiocast, with all resolutions approved, demonstrating shareholder support and trust in corporate governance.
- Voting Results: A total of 7,698,984 votes were cast at the meeting, representing 32.22% of the company's outstanding shares as of May 11, 2026, indicating strong shareholder engagement and interest in the company's future.
- Director Elections: All nominated directors received high levels of support, with David Feller and Gregory Feller securing 97.56% and 97.57% of votes respectively, reflecting shareholders' strong endorsement of the current board.
- Auditor Appointment: MNP LLP was re-appointed as the company's auditor with 98.75% approval, ensuring continuity and compliance in financial auditing, which further enhances investor confidence.
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- Cash and Investment Position: As of the reporting date, Orion Digital held $35.4 million in cash, marketable securities, and investments, providing ample financial support for future expansion and innovation, thereby strengthening its financial stability.
- Compliance Reporting: Orion Digital adheres to International Financial Reporting Standards (IFRS) for its financial reporting, ensuring transparency and compliance, which is crucial for attracting investors and enhancing market trust.
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- Executive Hosts: The call will be hosted by Founder & CEO David Feller and President & CFO Greg Feller, ensuring that investors receive direct insights and interpretations of the financial results from top management, which enhances transparency and trust.
- Replay Information: After the call, investors can access a replay by dialing (289) 819-1325 or (888) 660-6264, available until May 14, 2026, providing a convenient way for those unable to attend live to obtain key information.
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- Hosts of the Call: The call will be hosted by David Feller, Mogo's Founder & CEO, and Greg Feller, President & CFO, highlighting the company's commitment to financial transparency and investor communication.
- Dial-In Information: Participants can join the call by dialing (289) 514-5100 or (800) 717-1738, with Conference ID 63182, ensuring easy access for investors to the latest company updates.
- Replay Availability: After the call, investors can access a replay at (289) 819-1325 or (888) 660-6264 until May 14, 2026, further enhancing the accessibility of information for stakeholders.
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- 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 Shareholders Approve All Resolutions at AGM
- AGM Overview: Orion Digital Corp. held its annual general meeting on May 22, 2026, via live audiocast, with all resolutions approved, demonstrating shareholder support and trust in corporate governance.
- Voting Results: A total of 7,698,984 votes were cast at the meeting, representing 32.22% of the company's outstanding shares as of May 11, 2026, indicating strong shareholder engagement and interest in the company's future.
- Director Elections: All nominated directors received high levels of support, with David Feller and Gregory Feller securing 97.56% and 97.57% of votes respectively, reflecting shareholders' strong endorsement of the current board.
- Auditor Appointment: MNP LLP was re-appointed as the company's auditor with 98.75% approval, ensuring continuity and compliance in financial auditing, which further enhances investor confidence.
See More
Orion Digital Reports Q1 Revenue of $16.85M with Strong Payment Volume Growth
- Revenue Performance: Orion Digital reported Q1 revenue of $16.85 million, indicating stable growth in the market, reflecting the effectiveness of its business model and sustained strong market demand.
- Payment Volume Growth: The company's European payment volume reached $2.7 billion, a 12% year-over-year increase, which not only enhances its market share but also signifies its growing competitiveness in the digital payments sector.
- Cash and Investment Position: As of the reporting date, Orion Digital held $35.4 million in cash, marketable securities, and investments, providing ample financial support for future expansion and innovation, thereby strengthening its financial stability.
- Compliance Reporting: Orion Digital adheres to International Financial Reporting Standards (IFRS) for its financial reporting, ensuring transparency and compliance, which is crucial for attracting investors and enhancing market trust.
See More
Orion Digital to Discuss Q1 2026 Financial Results in Conference Call
- Earnings Call Announcement: Orion Digital will hold a conference call on May 7, 2026, at 11:00 a.m. ET to discuss its Q1 2026 financial results, with the financial report expected to be released prior to market open, thereby providing investors with timely insights into the company's performance.
- Executive Hosts: The call will be hosted by Founder & CEO David Feller and President & CFO Greg Feller, ensuring that investors receive direct insights and interpretations of the financial results from top management, which enhances transparency and trust.
- Replay Information: After the call, investors can access a replay by dialing (289) 819-1325 or (888) 660-6264, available until May 14, 2026, providing a convenient way for those unable to attend live to obtain key information.
- 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 offering digital wealth management solutions in Canada, showcasing the company's ongoing innovation in the fintech sector.
See More
Orion Digital to Host Q1 2026 Financial Results Conference Call
- Earnings Call Announcement: Orion Digital will hold a conference call on May 7, 2026, at 11:00 a.m. ET to discuss its Q1 2026 financial results, with the aim of providing transparent information to investors prior to market open.
- Hosts of the Call: The call will be hosted by David Feller, Mogo's Founder & CEO, and Greg Feller, President & CFO, highlighting the company's commitment to financial transparency and investor communication.
- Dial-In Information: Participants can join the call by dialing (289) 514-5100 or (800) 717-1738, with Conference ID 63182, ensuring easy access for investors to the latest company updates.
- Replay Availability: After the call, investors can access a replay at (289) 819-1325 or (888) 660-6264 until May 14, 2026, further enhancing the accessibility of information for stakeholders.
See More
Invesco Solar ETF Underperforms Amid Market Decline
- ETF Decline: The Invesco Solar ETF is down approximately 1.3% in Monday afternoon trading, indicating underperformance amidst market fluctuations, which could negatively impact investor confidence and lead to capital outflows.
- Weak Component Stocks: Within the ETF, shares of Solaredge Technologies fell about 7.3%, while Nextpower shares dropped approximately 4.2%, reflecting market pressures on these companies that may affect their future financing and expansion plans.
- Market Sentiment Impact: The overall market volatility has dampened investor confidence in the solar sector, potentially prompting more investors to reassess their portfolios in renewable energy.
- Uncertain Industry Outlook: The short-term performance of the solar industry may be influenced by broader market trends in the current economic environment, necessitating investors to monitor policy changes and market demand dynamics for more informed investment decisions.
See More
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- 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
