Mogo(US:MOGO) Businesswireยท2025-11-07 12:30Core Insights - Mogo Inc. reported significant growth in its platform and assets under management, achieving a record $498 million in assets, with Bitcoin holdings increasing over 300% quarter-over-quarter [1][4][5] - The company experienced a year-over-year revenue increase of 27% in wealth revenue and 11% in payments revenue, indicating strong operational performance [1][10] - Mogo raised its 2025 EBITDA guidance due to robust platform performance, with an adjusted EBITDA margin of 11.6% [1][8] Financial Highlights - Total members reached 2.29 million, marking a 6% increase year-over-year [4] - Assets under management (AUM) grew by 22% year-over-year to a record $498 million [4] - Payments volume (excluding Canada) was $2.8 billion, reflecting a 12% year-over-year increase [4] - Adjusted total revenue increased by 2% year-over-year to $17.0 million [10] - Adjusted subscription and services revenue rose by 7% year-over-year to $10.3 million [10] - Adjusted EBITDA was $2.0 million, up from $1.9 million in Q2 2025 [10] Strategic Initiatives - Mogo is advancing its Intelligent Investing platform, integrating self-directed and managed investing into a unified experience [2][6] - The company has implemented a Bitcoin treasury strategy, increasing its Bitcoin holdings to $4.7 million, funded through excess cash and monetization of investments [5] - Mogo plans to focus on expanding its wealth and payments sectors, positioning itself for profitable growth into 2026 [2][5] Operational Developments - The company ceased payments operations in Canada effective Q1 2025 to concentrate on European markets, where payments revenue from European transactions increased by 11% [9] - Mogo's management emphasizes behavioral investing principles to enhance investor outcomes, addressing the common issue of investor underperformance due to behavioral factors [2]