Digital wealth and payments firm Mogo posts Q2 net income

Orion Digital

07/08/2025 12:41

Overview

Mogo Q2 net income C$13.5 mln, compared to loss of C$12.4 year ago

Total subscription and services revenue of C$10.4 mln, almost same as last yr

Co repurchased 523,091 shares, ~2% of outstanding shares

Outlook

Mogo reiterates full-year financial guidance as previously communicated

Company aims to integrate Bitcoin trading with equities on platform

Result Drivers

WEALTH PLATFORM EXPANSION - Co reports growth in wealth revenue, up 48% yr/yr, attributed to shift in investor behavior towards long-term discipline

PAYMENTS GROWTH - Payments revenue increased 23% yr/yr, reflecting expansion in core business

WONDERFI REVALUATION - Net income driven by CAD 12.7 mln gain from WonderFi position revaluation following acquisition announcement by Robinhood

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
C$10.40 mln
C$16 mln (1 Analyst)
Q2 Adjusted Net Income
C$13.47 mln
Q2 Adjusted EBITDA
C$1.93 mln
Q2 Gross Profit
C$12.20 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the financial technology (fintech) peer group is "buy"

Wall Street's median 12-month price target for Mogo Inc is C$3.00, about 25% above its August 6 closing price of C$2.25

Press Release: ID:nBw7nfXPNa

(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.)