Business
Mogo Reports Results for Q1 2025
Total Revenue of $17.3 million Wealth Revenue growth of 41% over prior year ...
About this update from Orion Digital Corp.
[{"type":"text","content":"Mogo Reports Results for Q1 2025\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth14 { width: 14% }\n.bwwidth2 { width: 2% }\n.bwwidth68 { width: 68% }\n \n\n\n\n\n\n Total Revenue of $17.3 million\n \n\n\n\n\n\n Wealth Revenue growth of 41% over prior year\n \n\n\n\n\n\n Payments Revenue growth of 34% over prior year\n \n\n\n\n\n\n Solid Balance Sheet with Cash\n \n 1\n \n , Marketable Securities & Investments of $38.8 million\n \n\n\n\n\n Mogo reports in Canadian dollars and in accordance with IFRS\n \n\n\n\n\n\n Mogo Inc.\n \n (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced its financial and operational results for the first quarter ended March 31, 2025.\n \n\n “Our Q1 results were highlighted by continued strong double-digit growth from our Wealth and Payments businesses – the two main growth priorities for Mogo,” said Greg Feller, Mogo’s Chief Financial Officer. “Given our current scale in these markets, and the massive opportunity for disruption through innovation, we are making disciplined investments in these businesses while maintaining positive Adjusted EBITDA. This is about scaling intelligently and with agility as we build for long-term growth, underpinned our new AI-native platform strategy. We increased our cash position from year end, and expect additional monetizations this year to further strengthen our balance sheet.”\n \n\n “This quarter we launched MOGO 3.0, our internal initiative to become a fully AI-native company,” said David Feller, Mogo’s Founder and CEO. “That means consolidating our platforms, automating core workflows, ...