Orion Digital reported Q2 2026 financial results showing adjusted EBITDA of $3.3 million, up 115% sequentially and 70% year-over-year. The adjusted EBITDA margin expanded to 19.5% from 9.1% in Q1 2026. The Vancouver-based company's wealth assets under management grew 18% year-over-year to $545.3 million, whilst wealth revenue increased 14% to $4.1 million. Core operating cash generation reached $5.1 million during the quarter. Total revenue was $16.9 million, essentially flat compared with Q2 2025, as wealth growth offset lower payments and interest revenue. Gross profit increased to $12.6 million from $12.2 million, with gross margin expanding to 75% from 72%. The company operates across Canadian wealth management, European payments infrastructure, and Canadian consumer finance.

Orion Digital, formerly Mogo Inc., reported Q1 2026 results showing adjusted EBITDA growth of 46% year-over-year to $1.5 million and a 97% increase in cash position to $25.6 million. The company recently launched its new Intelligent Investing app, a next-generation wealth platform designed for long-term capital allocation. Total revenue was $16.9 million, with wealth revenue growing 12% to $3.9 million and European payments transaction volume increasing 12% to $2.7 billion. Assets under management reached $495.6 million, up 14% year-over-year. The company is temporarily reducing Q2 loan originations by 50% to demonstrate cash generation capability, with plans to increase originations and marketing investment in the second half of 2026. Full-year adjusted EBITDA guidance is $6.0 million to $7.0 million.