Mogo Finance Technology ( (MOGO) ) has released its Q2 earnings. Here is a breakdown of the information Mogo Finance Technology presented to its investors.
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Mogo Inc. is a financial technology company that operates in wealth, lending, and payments sectors, with a strategic focus on Bitcoin. The company aims to provide innovative financial solutions to enhance long-term financial health and success, primarily in the Canadian market. Mogo’s unique integration of subprime lending with wealth and investing solutions sets it apart in the industry.
In its latest earnings report for Q2 2025, Mogo highlighted several strategic developments and financial metrics. The company reported a revenue of $16.9 million, marking a 4% decrease from the previous year, attributed to the exit from its legacy institutional brokerage business. However, wealth and payments revenue saw significant increases, with wealth revenue up by 48% and payments revenue by 23% compared to the same period last year.
Key financial metrics showed a net income of $13.5 million, a substantial improvement from a net loss of $12.4 million in Q2 2024, driven by a revaluation gain on marketable securities. Adjusted EBITDA increased to $1.9 million, reflecting growth in core business areas. The company also reported a 5% increase in its member base, reaching 2.25 million members.
Looking ahead, Mogo’s management remains optimistic about its growth prospects. The company expects subscription and services revenue to grow at a mid-to-high single-digit rate, with wealth revenue projected to increase by 20-25% in 2025. Despite economic uncertainties, Mogo plans to continue its strategic investments in Bitcoin and digital assets, aiming to enhance shareholder value through both operating performance and investment returns.