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Mogo Inc reported Q3 2025 earnings with record AUM of $498mln, up 22% YoY. Wealth revenue grew 27% and payments revenue increased 11% YoY. EBITDA guidance was raised, with $46.1mln in total cash and investments. Interest revenue was down 5% due to a rate cap implemented at the start of the year. The lending business is currently a drag on overall revenue growth. Mogo is rolling out a new intelligent investing platform, which may require increased spending and impact short-term margins.

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