Canada's Orion Digital Q1 adjusted EBITDA rises 46%

Orion Digital

07/05/2026 12:51

Overview

Canada digital wealth and payments platform's Q1 revenue declined slightly yr/yr, adjusted EBITDA up 46%

Company's cash and restricted cash rose 97% yr/yr after converting non-core holdings

Orion Digital launched new Intelligent Investing app, expanding its wealth platform

Outlook

Orion Digital sees Q2 2026 adjusted EBITDA of C$2.5 mln to C$3.5 mln

Company expects full-year 2026 adjusted EBITDA of C$6.0 mln to C$7.0 mln

Orion Digital expects consolidated revenue to be modestly lower year-over-year

Result Drivers

WEALTH PLATFORM GROWTH - Wealth revenue rose 12% yr/yr and assets under management grew 14% as Intelligent Investing scaled, per CFO Greg Feller

PAYMENTS VOLUME - European payments transaction volume increased 12% yr/yr, though adjusted payments revenue was flat

CASH POSITION - Cash and restricted cash rose 97% yr/yr, mainly from converting non-core holdings into operating capital, including monetization of WonderFi position, per CFO Greg Feller

Company press release: ID:nBwwpgXwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$16.86 mln
C$16.94 mln (1 Analyst)
Q1 Adjusted EBITDA
C$1.50 mln
C$1.65 mln (1 Analyst)
Q1 Gross Profit
C$11.60 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)