Welcome to our dedicated page for Mogo news (Ticker: MOGO), a resource for investors and traders seeking the latest updates and insights on Mogo stock.
Orion Digital Corp., formerly Mogo Inc., reports developments tied to its digital finance platform, operating results, and capital structure. The company operates across wealth, payments, and digital assets, with Intelligent Investing as its wealth platform and Carta Worldwide as its payments infrastructure business for issuer processing and transaction authorization.
Company news commonly covers quarterly and annual financial results, wealth revenue and assets under management, payments volume, capital allocation, share repurchase activity, and the transition from Mogo to Orion Digital. Updates also reference the company's mature consumer lending portfolio and Bitcoin treasury strategy as part of its broader platform-driven business model.
Mogo (NASDAQ:MOGO) has announced a significant strategic alignment with Bitcoin, including a $50 million Bitcoin treasury authorization approved by its Board of Directors. The company plans to build this position using excess cash and future monetizations from investments in Gemini and Hootsuite.
As a pioneering move, Mogo will adopt Bitcoin as its corporate hurdle rate for all capital allocation decisions. The company is implementing a dual-compounding strategy, combining Bitcoin reserves with operational growth across its Wealth, Lending, and Payments divisions that serve nearly 2 million Canadian members.
The strategy includes launching a 60/40 equity/Bitcoin portfolio for its $400M+ AUM platform, developing Bitcoin-related loan products, and exploring stablecoin infrastructure for its $12 billion annual international payments volume.
Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO), a digital wealth and payments business, held its Annual General Meeting of shareholders with 38.94% of outstanding shares represented through 9,529,647 votes cast.
All proposed resolutions were approved, including the election of directors, reappointment of MNP LLP as auditor, and renewal of the company's stock option plan. Notable director election results showed strong support for David Feller (97.55% approval) and Gregory Feller (97.54% approval), while other directors received varying levels of support ranging from 68.11% to 86.02%.
The stock option plan renewal was approved with 77.87% support, and MNP LLP's reappointment as auditor received overwhelming approval at 99.65% of votes cast.
Robinhood Markets has entered into a definitive agreement to acquire WonderFi Technologies, in which Mogo (NASDAQ: MOGO) is the largest shareholder with approximately 82 million shares. The all-cash transaction values WonderFi at C$250 million, offering C$0.36 per share - a 41% premium to WonderFi's closing price on May 12, 2025, and a 71% premium to its 30-day VWAP.
Mogo, along with other key shareholders holding approximately 28% of WonderFi shares, has signed voting support agreements in favor of the arrangement. The acquisition follows Mogo's strategic role in orchestrating the July 2023 merger between Coinsquare and WonderFi, which consolidated two major Canadian crypto trading platforms. The transaction is expected to close in the second half of 2025, subject to shareholder and regulatory approvals.
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), a digital wealth and payments company, has announced its participation in the upcoming D. Boral Capital Inaugural Global Conference on May 14, 2025 in New York. The company's President & Co-founder, Greg Feller, will be available for one-on-one meetings with interested parties at The Plaza Hotel. Investors and stakeholders interested in scheduling meetings can contact John Perez at jperez@dboralcapital.com.
Mogo reported its Q1 2025 financial results, showing mixed performance across its digital wealth and payments businesses. Total revenue was $17.3 million, a 3% decrease year-over-year, while adjusted revenue grew 2% to $16.7 million. The company's Wealth Revenue grew 41% to $3.5 million, and Payments Revenue increased 34% to $2.6 million.
Key financial metrics include gross profit of $11.6 million, Adjusted EBITDA of $1.1 million, and a net loss of $11.9 million, which included an $8.3 million non-operating revaluation loss. The company maintained a solid balance sheet with $38.8 million in cash, marketable securities, and investments. Mogo's payments volume reached $3.2 billion, up 26% YoY, while assets under management grew 8% to $436 million.
The company launched MOGO 3.0, focusing on becoming AI-native, and reiterated its 2025 guidance, expecting 20-25% growth in wealth revenue and mid-to-high teens growth in payments.
Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO), a digital wealth and payments business, has scheduled its Q1 2025 financial results announcement for Thursday, May 8, 2025. The company will release its financial results before the market opens, followed by a conference call and webcast at 3:00 p.m. ET.
The presentation will be hosted by David Feller, Mogo's Founder & CEO, and Greg Feller, President & CFO. The live webcast will include a slide presentation and can be accessed at investors.mogo.ca. A replay will be available until June 8, 2025.
Mogo Inc. (NASDAQ:MOGO) reported strong Q4 and FY 2024 results, with notable growth across key segments. Q4 revenue increased 5.2% to $18.0 million, while full-year revenue grew 9.2% to $71.2 million. The company achieved net income of $10.4 million in Q4 2024.
Key highlights include:
- Wealth revenue grew 19% in Q4, reaching $2.9 million
- Payments revenue increased 27% in Q4 to $2.4 million
- Payment volume processed reached $11.5 billion in 2024, up 16% year-over-year
- Assets under management grew 22% to $428 million
- Cash, marketable securities & investments totaled $49.1 million
The company updated its 2025 guidance, projecting 20-25% growth in wealth business revenue and mid-to-high teens growth in payments. However, subscription & services revenue is expected to decrease 5-8% due to exiting the institutional brokerage business. Adjusted EBITDA is forecast at $5-6 million for fiscal 2025.
Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO), a digital wealth and payments business, has scheduled its Q4 and full-year 2024 financial results announcement for March 20, 2025. The company will release its financial results before the market opens, followed by a conference call and webcast at 10:30 a.m. ET. The presentation will include a slide deck and will be hosted by David Feller, Founder & CEO, and Greg Feller, President & CFO.
Mogo (NASDAQ:MOGO) (TSX:MOGO) has announced an amendment to its senior credit facility with Fortress Investment Group. The key changes include:
- Extension of maturity date by three years to January 2, 2029
- Interest rate reduction of 100 basis points
- Potential increase in available capital from $60.0 million to $100.0 million
The amended facility supports Mogo's digital credit solution while lowering its cost of capital and increasing financial flexibility. The company has maintained a partnership with Fortress for over 10 years.