Orion Digital Corp. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Orion Digital Q2 2026 Earnings Summary

Key Highlights

  • Consolidated adjusted EBITDA reached $3.3 million, up 115% sequentially from Q1 2026 and 70% year-over-year from Q2 2025, with margins expanding to 19.5%.
  • Revenue totaled $16.9 million, essentially flat year-over-year from Q2 2025.
  • Operating income of $1.3 million; gross margin improved to 75%.
  • Commercially launched "Intelligent Investing" platform on July 27, 2026, combining commission-free investing with AI-powered research and decision tracking.
  • Client assets in wealth business grew to $545.3 million (up 18% YoY); no material contribution yet from new platform.

Wealth Business Performance

  • Wealth revenue: $4.1 million, +14% vs. Q2 2025.
  • Assets under management: $545.3 million, +18% vs. Q2 2025.
  • Platform provides regulatory and operational foundation for Intelligent Investing commercialization; focus on disciplined, long-term capital allocation rather than trading activity.

Other Segment Results (vs. Q2 2025)

  • Payments revenue: $2.4 million, -9% YoY due to lower non-recurring services; European transaction volume stable at $2.8 billion.
  • Interest revenue: declined 3% YoY from deliberate reduction in Mogo lending operations to prioritize higher-quality returns.

Cash Flow and Capital Allocation

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Operator: Morning, ladies and gentlemen, and welcome to the Orion Digital Second Quarter 26 Earnings Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you need assistance, please press 0 for the operator. This call is being recorded on Thursday, 08/06/2026. I would now like to turn the conference over to Craig Armitage, Investor Relations. Please go ahead. Craig Armitage: Thank you, Joanna, and good morning, everyone. Before we begin, I would like to cover a few brief items. Today's call will include forward looking statements based on current assumptions and subject to risks and uncertainties that could cause actual results to differ materially. The Company undertakes no obligation to update these statements except as required by law. Additional information about these risks is included in Orion Digital's Q2 filings, and the periodic filings with Canadian and U. S. Regulators which you will find on SEDAR+, EDGAR, and on the Orion Investor Relations website. In addition, today's discussion will include certain non-IFRS or adjusted financial measures. These should be considered as a supplement to and not a substitute for IFRS results We have included reconciliations of these measures in the Q2 press release and other filings. With that, I will turn the call over to David Marshall Feller. David? David Marshall Feller: Thanks, Craig. I am joined today by our Presiden

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