Mogo Inc. Reports Q2 2025 Earnings and Strategic Developments: Revenue Down 4%, Net Income Up $26 Million, Wealth Revenue Up 48%

Mogo Finance Technology reported Q2 2025 earnings with revenue of $16.9 million, a 4% decrease YoY. Wealth and payments revenue increased by 48% and 23%, respectively. Net income was $13.5 million, a significant improvement from a net loss of $12.4 million in Q2 2024. Adjusted EBITDA rose to $1.9 million, and the member base grew by 5% to 2.25 million. Management expects subscription and services revenue to grow at a mid-to-high single-digit rate and wealth revenue to increase by 20-25% in 2025.

Mogo Inc. (MOGO) has reported robust financial results for the second quarter of 2025, showcasing significant growth in its wealth and payments segments. The company's stock closed at $1.72, up 4.88% from the previous session, following an impressive 37% gain over the past six months. Despite the stock remaining well below its 52-week high of $3.83, the company's performance highlights its commitment to innovation and market expansion.

Key Takeaways
- Wealth revenue increased by 48% year-over-year (YoY).
- Payments revenue rose by 23%.
- The company achieved a positive cash flow.
- Mogo is developing a unified AI-native platform set to launch in Q4 2025, focusing on the European payments market.

Company Performance
Mogo’s Q2 2025 performance was marked by robust growth in key revenue segments. Wealth revenue surged 48% compared to the previous year, while payments revenue saw a 23% increase. The company maintained a healthy current ratio of 3.94, indicating strong short-term liquidity. Mogo continued to focus on long-term investment strategies, targeting disciplined investors.

Financial Highlights
- Net income: $13.5 million
- Adjusted EBITDA margin: 11.4%
- Book value: $81.6 million ($3.41 per share)
- Cash, marketable securities, and investments: Over $50 million

Outlook & Guidance
Looking ahead, Mogo plans to launch its AI-native platform in Q4 2025, integrating crypto and equity trading within a single regulated account. The company is also exploring regulatory approval for crypto trading, anticipating a six-month timeline for full compliance. Additionally, Mogo intends to continue its Bitcoin treasury strategy, reflecting its commitment to innovation in digital finance.

Executive Commentary
CEO Dave Feller emphasized the company’s focus on long-term investment strategies, stating, "The next great investment platform won’t be the ones that monetize attention. They’ll be the ones that help people perform." He further highlighted Mogo’s unique approach: "Our members aren’t optimizing for activity. They’re optimizing for discipline."

Risks and Challenges
Regulatory hurdles in crypto trading could delay new product launches. Market volatility in cryptocurrencies may impact revenue stability. Increased competition from established investment platforms could challenge market share. Economic uncertainties in Europe may affect payment volumes. Potential technological challenges in launching the new AI-native platform.

References
[1] https://www.investing.com/news/transcripts/earnings-call-transcript-mogo-q2-2025-sees-48-wealth-revenue-growth-93CH-4179004