Quarterly ResultAug 6, 2026, 04:54 PM
Orion Digital Q2 Adj. EBITDA $3.3M, Up 115% Seq.; Wealth AUM +18%
AI Summary
Orion Digital Corp. reported strong Q2 2026 financial results, with Adjusted EBITDA increasing 115% sequentially to $3.3 million and 70% year-over-year. The company's Wealth Assets Under Management (AUM) grew 18% year-over-year to $545.3 million, and Wealth revenue rose 14%. Total revenue was $16.9 million, a slight decrease from the prior year, attributed to reduced Mogo lending originations. The company commercially launched its Intelligent Investing platform post-quarter end and expects full-year Adjusted EBITDA to trend towards the upper end of, or potentially exceed, its guidance range of $6.0 million to $7.0 million.
Key Highlights
- Adjusted EBITDA increased 115% sequentially to $3.3 million in Q2 2026.
- Adjusted EBITDA grew 70% year-over-year to $3.3 million.
- Wealth Assets Under Management (AUM) increased 18% year-over-year to $545.3 million.
- Wealth revenue increased 14% year-over-year to $4.1 million.
- Total revenue was $16.9 million, compared to $17.0 million in Q2 2025.
- Gross profit increased to $12.6 million from $12.2 million, with gross margin expanding to 75%.
- Core operating cash generation was $5.1 million.
- Repurchased 113,628 common shares at an average price of $1.32 per share in Q2.
Price Impact
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