Northwire Canada EditionWednesday, July 29, 2026
Sign inSubscribe
Northwire
⌕
GTWO 9.40 −1.4% CDA 0.890 +0.0% IZN 0.060 +0.0% AUMB 0.580 +0.0% BOL 0.075 +15.4% ABRA 13.77 −4.4% GMIN 40.15 −4.6% PBM 0.045 +0.0% AEF 0.145 +0.0% EDCU 0.425 −6.6% SCD 0.165 −2.9% DLTA 0.165 +6.5% AAUC 24.28 −17.7% CNL 17.95 +0.0% SAG 0.880 −2.2% MEK 0.055 +10.0% GTWO 9.40 −1.4% CDA 0.890 +0.0% IZN 0.060 +0.0% AUMB 0.580 +0.0% BOL 0.075 +15.4% ABRA 13.77 −4.4% GMIN 40.15 −4.6% PBM 0.045 +0.0% AEF 0.145 +0.0% EDCU 0.425 −6.6% SCD 0.165 −2.9% DLTA 0.165 +6.5% AAUC 24.28 −17.7% CNL 17.95 +0.0% SAG 0.880 −2.2% MEK 0.055 +10.0%
Production / Operations

Mogo Reports Continued Platform Growth and Record Assets Under Management in Q3 2025

By The Northwire Desk — AI Analysis Nov 07, 2025 · 07:30 MOGO · 2 MOGO INC. J
MOGO · Price

Executive Summary

  • Mogo reported record AUM of $498 M (up 22% YoY) and a 27% YoY increase in wealth revenue for Q3 2025.
  • Adjusted EBITDA rose to $2.0 M (11.6% margin), prompting an upward revision of full‑year 2025 Adjusted EBITDA guidance to $6–7 M.
  • Bitcoin holdings surged >300% quarter‑over‑quarter to $4.7 M, reflecting the company’s strategic reserve allocation.

Key Details

  • Platform Scale: Total members 2.29 M (+6% YoY).
  • Revenue Highlights:
  • Adjusted total revenue $17.0 M (+2% YoY).
  • Adjusted subscription & services revenue $10.3 M (+7% YoY).
  • Wealth revenue $3.7 M (+27% YoY).
  • Payments revenue (ex‑Canada) $2.4 M (+11% YoY).
  • Profitability: Adjusted EBITDA $2.0 M, margin 11.6%; adjusted net loss $(3.4 M) driven by a $3.0 M revaluation loss on marketable securities & private investments.
  • Cash Position: Total cash & investments $46.1 M (cash $18.1 M, marketable securities $20.8 M, private investments $7.1 M). Book value $77.5 M ($3.24 per share).
  • Bitcoin Treasury Strategy: Board authorized up to $50 M in Bitcoin; Q3 holdings increased to $4.7 M (funded by excess cash & investment monetizations).
  • Strategic Initiatives: Launch of “Intelligent Investing” platform integrating self‑directed and managed investing; rollout began Q3 2025, continuing into Q1 2026.
  • Guidance Update: Full‑year 2025 Adjusted EBITDA guidance raised to $6–7 M (previously $5–6 M); revenue guidance reaffirmed.
  • Conference Call: November 7, 2025 at 11:00 a.m. ET; dial‑in details provided.

Notable Quotes

“Q3 was another quarter of disciplined execution,” – David Feller, Founder & CEO.
“We continue to generate positive EBITDA and consistent top‑line growth…strategic monetizations, including the successful sale of a portion of our WonderFi holdings last quarter, strengthen our balance sheet.” – Greg Feller, President & CFO.

Read the original news release →