Core 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]

Core Insights - Mogo Inc. reported significant growth in its platform and assets under management, achieving a record $498 million in assets, with a 22% year-over-year increase [4] - The company experienced a 27% year-over-year increase in wealth revenue and an 11% increase in payments revenue [4][10] - Mogo raised its 2025 EBITDA guidance due to strong platform performance, with an adjusted EBITDA margin of 11.6% [8][10] Financial Performance - Total members reached 2.29 million, marking a 6% increase year-over-year [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] - Operating cash flow was reported at ($3.0) million, with total cash and investments amounting to $46.1 million [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 increased its Bitcoin holdings by over 300% quarter-over-quarter, reaching $4.7 million [5] - Mogo's strategic focus includes the successful sale of a portion of its WonderFi holdings to strengthen its balance sheet [2] Market Position and Outlook - Mogo's payments volume (excluding Canada) reached $2.8 billion, reflecting a 12% year-over-year growth driven by international expansion [4] - The company is well-positioned for profitable expansion into 2026, with a focus on launching its next-generation wealth platform [2] - Mogo reiterated its revenue guidance for fiscal 2025 while increasing its full-year 2025 adjusted EBITDA guidance from $5–6 million to $6–7 million [8]

Summary of Mogo Conference Call - August 19, 2025 Company Overview - **Company**: Mogo (Ticker: MOGO) - **Industry**: Fintech, focusing on wealth management and cryptocurrency Key Financial Highlights - **Q2 Results**: - Positive net income of CAD 13.5 million [3] - Wealth revenue increased by 48% year-over-year [3] - Payments revenue grew by 23% [3] - Adjusted EBITDA margin of 11% [3] - Book value of CAD 81.6 million, approximately CAD 3.41 per share [3] - Cash and securities investments exceeding CAD 50 million [3] Strategic Focus - **Unique Positioning**: Mogo aims to combine high-growth fintech with a Bitcoin treasury strategy, targeting a 50/50 balance between wealth management and Bitcoin investments [3][11] - **Bitcoin Treasury Program**: - Launched in 2020, Mogo was one of the first public companies to adopt Bitcoin on its balance sheet [4] - Recent monetization of investment in WonderFi, a crypto exchange, with proceeds of nearly CAD 30 million expected from its acquisition by Robinhood [4] - **Intelligent Investing Platform**: - Subscription-based model designed to promote long-term wealth building through disciplined investment behavior [5] - Focus on attracting retail investors who have previously lost money in speculative trading [5][16] Regulatory and Market Opportunities - **Crypto Trading Approval**: Mogo is pursuing full regulatory approval for crypto trading, potentially becoming the second company in Canada to offer both crypto and equities trading [6][7] - **Payments Business**: - Carta Worldwide, focused on Europe, is experiencing organic growth of 15% in volume and over 20% in revenue [8] - Migration to Oracle Cloud to enhance scalability and cost efficiency [8] Market Trends and Consumer Behavior - **Wealth Management**: - Targeting the younger generation, with CAD 3 trillion in assets currently in underperforming mutual funds in Canada [14] - Emphasis on long-term investment strategies over speculative trading [15] - **Consumer Shift**: - Increasing disillusionment among retail investors with speculative platforms, leading to a search for more stable investment options [15][16] Financial Health and Future Outlook - **Balance Sheet Strength**: - Strong cash position with CAD 50 million in cash and investments, primarily from the WonderFi stake [10] - Ongoing stock buybacks due to perceived undervaluation [10] - **Investment Strategy**: - Mogo's investments will be benchmarked against Bitcoin returns, reinforcing a disciplined investment approach [11] Conclusion - Mogo is positioned to capitalize on the growing demand for integrated wealth management and cryptocurrency services, with a strong focus on regulatory compliance and consumer education. The company's dual compounding strategy aims to leverage both fintech growth and Bitcoin investments to drive long-term value for shareholders.