Quarterly ResultMay 7, 2026, 07:32 AM
Orion Digital Q1 Net Loss Halves to C$5.81M; EPS C$0.24
AI Summary
Orion Digital Corp. reported a significant reduction in net loss for the first quarter of 2026, halving to C$5.812 million from C$11.871 million in the prior year. Basic loss per share improved to C$0.24 from C$0.49. While total revenue saw a slight decrease to C$16.856 million, gross profit remained stable, and operating expenses along with revaluation losses were notably lower, contributing to the improved financial performance. The company also saw an increase in its cash and cash equivalents.
Key Highlights
- Net loss for Q1 2026 was C$5.812 million, a significant improvement from C$11.871 million in Q1 2025.
- Basic loss per share improved to C$0.24 in Q1 2026 from C$0.49 in Q1 2025.
- Total revenue for Q1 2026 was C$16.856 million, a slight decrease from C$17.330 million in Q1 2025.
- Gross profit remained stable at C$11.639 million in Q1 2026, compared to C$11.612 million in Q1 2025.
- Total operating expenses decreased to C$12.366 million in Q1 2026 from C$12.991 million in Q1 2025.
- Revaluation loss significantly reduced to C$2.863 million in Q1 2026 from C$7.662 million in Q1 2025.
- Cash and cash equivalents increased to C$23.742 million as of March 31, 2026, from C$17.702 million at December 31, 2025.
- Total assets were C$166.594 million as of March 31, 2026, down from C$173.634 million at December 31, 2025.