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.
Mogo Inc. (NASDAQ: MOGO; TSX: MOGO) regularly issues news updates as a digital wealth and payments business with a strategic Bitcoin treasury. Its press releases cover developments across its Intelligent Investing wealth platform, Carta Worldwide payments infrastructure, and its evolving capital allocation strategy anchored in Bitcoin and hard assets.
Recent news has included the announcement of a corporate name change to Orion Digital Corp., with the company explaining that this reflects its evolution into a founder-led, multi-engine digital finance platform operating across wealth, payments, and digital assets. Other updates have highlighted quarterly financial and operational results, including growth in wealth revenue, payments revenue, assets under management, and member counts, as well as disclosures about Adjusted EBITDA and other non-IFRS measures.
Investors following MOGO news can also see announcements about its Bitcoin treasury strategy, such as board-approved allocation frameworks and increases in Bitcoin holdings funded through excess cash and monetization of investments. The company has reported transactions involving its equity position in WonderFi Technologies Inc., describing partial and full monetizations and linking these to balance sheet strength and digital asset reserves.
Additional news items include participation in investor conferences, board appointments, warrant-related matters, and regulatory or corporate updates furnished via Form 6-K. This news page aggregates these releases so readers can review how Mogo communicates its progress in digital wealth, payments infrastructure, and Bitcoin-focused capital allocation over time.
Mogo Inc. announced the extension of its $60 million Credit Facility with Fortress Investment Group to January 2, 2026. The company sees this extension as a positive move that will provide resources and flexibility for its digital lending product.
Mogo Inc. (NASDAQ:MOGO) reported record quarterly revenue of $17.9 million, up 13% year-over-year, with total AUM increasing by 22% to over $400 million. The company also saw a 150% increase in MogoTrade assets year-over-year. Quarterly payments volume rose by 18% to $2.6 billion, and Mogo ended Q1 with $53.4 million in cash, marketable securities, and investments. Revenue growth reflects an acceleration in core products, with Subscription & Services revenue reaching $10.7 million, and improvements in efficiency seen through decreased operating expenses and a 23% increase in revenue per employee. Cash flow from operating activities surged by 2,609% to $1.8 million, and net loss improved to $3.6 million. Adjusted EBITDA was $1.0 million, and Mogo repurchased 17,093 shares in Q1. The company added Bitcoin & Bitcoin ETFs to its treasury management strategy. Business highlights include a growth in payments volume, assets under management exceeding $400 million, and the launch of Moka.ai and
Mogo Inc. (TSX:MOGO) will announce its Q1 2024 financial results on May 9, 2024, with a conference call hosted by CEO David Feller and CFO Greg Feller. The live webcast will include a slide presentation, and financial results will be issued prior to market open. Details for the conference call and webcast are provided.
Mogo congratulates WonderFi and KAOS Capital on their cooperation agreement and expresses support for the nomination of three new directors. The Company views this as a positive step towards realizing the growth potential of WonderFi as the only fully-regulated crypto exchange in the Canadian market. Mogo has entered into a mutual standstill agreement with WonderFi and has agreed to sell up to 20 million of its WonderFi shares over time. The Company will also maintain one seat on WonderFi's board and has granted KAOS a right of first refusal over the same shares Mogo may sell.
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