Mogo Inc
NASDAQ:MOGO
Mogo Inc
Mogo, Inc. operates as a financial technology company. The company is headquartered in Vancouver, British Columbia and currently employs 344 full-time employees. The firm offers a financial health application that offers consumers with simple solutions to help them manage and control their finances. The company allows users to sign up for a MogoAccount and get access to products, including free credit score monitoring, identity fraud protection, digital spending account with Platinum Prepaid Visa Card, digital mortgage experience, the MogoCrypto account, which enables the buying and selling of bitcoin, and access to smart consumer credit products through MogoMoney. The firm also provides digital payments solutions. Its subsidiaries include Carta Worldwide and Moka Financial Technologies Inc.
Mogo, Inc. operates as a financial technology company. The company is headquartered in Vancouver, British Columbia and currently employs 344 full-time employees. The firm offers a financial health application that offers consumers with simple solutions to help them manage and control their finances. The company allows users to sign up for a MogoAccount and get access to products, including free credit score monitoring, identity fraud protection, digital spending account with Platinum Prepaid Visa Card, digital mortgage experience, the MogoCrypto account, which enables the buying and selling of bitcoin, and access to smart consumer credit products through MogoMoney. The firm also provides digital payments solutions. Its subsidiaries include Carta Worldwide and Moka Financial Technologies Inc.
Record AUM: Assets under management reached a record $498 million, up 22% year-over-year.
Wealth & Payments Growth: Wealth revenue grew 27% and payments revenue increased 11% compared to last year.
Bitcoin Holdings: Bitcoin holdings grew over 300% quarter-over-quarter, now totaling $4.7 million.
Profitability: Adjusted EBITDA was $2 million with an 11.6% margin, up sequentially from Q2.
Raised EBITDA Guidance: 2025 adjusted EBITDA guidance increased to $6–7 million, up from $5–6 million.
Platform Launch: Rolled out their new intelligent investing platform, unifying managed and self-directed investing.
Stable Balance Sheet: Ended the quarter with $46.1 million in total cash and investments.
