November 7, 2025 — Leads & Copy —
Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), a digital wealth and payments business, has announced its financial and operational results for the third quarter ended September 30, 2025.
Founder & CEO David Feller stated that Q3 was a period of disciplined execution, with the company focused on advancing Intelligent Investing, a wealth platform unifying MogoTrade and Moka into a single brand and experience. This platform combines managed and self-directed investing under one behavioral operating system for building wealth, addressing the problem that most investing platforms prioritize engagement and firm profits over investor outcomes.
According to Feller, years of real trading data analysis confirmed that investor underperformance is primarily due to behavior rather than fees. Intelligent Investing aims to correct this by emphasizing temperament over activity. The unified, behaviorally aligned system will be rolled out starting this quarter and continuing into Q1 to help more Canadians become better investors, which Feller described as one of the largest untapped opportunities in wealth creation.
President & CFO Greg Feller noted that the Q3 results reflect sustained momentum across the wealth and payments pillars, which are scaling organically and are well-positioned for profitable expansion into 2026. The company continues to generate positive EBITDA and consistent top-line growth while strengthening its balance sheet through strategic monetizations, including the sale of a portion of its WonderFi holdings last quarter.
With the launch of its next-generation wealth platform approaching, this will be a key growth focus for 2026 and beyond. The wind-down of the legacy trading business is now complete, and the continued execution of the Bitcoin treasury strategy has the company entering 2026 with a stronger foundation and multiple tailwinds.
Key financial highlights for Q3 2025 include:
- Total members increased by 6% year-over-year to 2.29 million.
- Assets Under Management (AUM) reached a record $498 million, up 22% year-over-year.
- Payments volume (excluding Canada) increased by 12% year-over-year to $2.8 billion.
- Adjusted Total Revenue increased by 2% year-over-year to $17.0 million.
- Adjusted Subscription & Services Revenue increased by 7% year-over-year to $10.3 million.
- Wealth Revenue increased by 27% year-over-year to $3.7 million.
- Payments Revenue increased by 11% year-over-year to $2.4 million.
- Adjusted EBITDA was $2.0 million (11.6% margin).
- Adjusted Net Loss was $3.4 million.
- Operating Cash Flow was ($3.0) million, or $3.6 million before investment in loan receivables.
- Total Cash and Investments were $46.1 million.
- Book Value was approximately $77.5 million ($3.24 per share).
In July 2025, Mogo’s board approved a strategic initiative authorizing up to $50 million in Bitcoin allocations as a long-term reserve asset and capital benchmark. In Q3 2025, Mogo increased its Bitcoin holdings by over 300% from Q2, reaching $4.7 million.
Mogo continued to invest in its Intelligent Investing platform, integrating self-directed and managed investing under one modern interface. The new app, rolling out this quarter and continuing into Q1, represents a key milestone in Mogo’s evolution toward helping Canadians invest smarter and more consistently through behavioral discipline and data-driven design.
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.
Mogo will host a conference call to discuss its Q3 2025 financial results at 11:00 a.m. ET on November 7, 2025. The call will be hosted by David Feller, Founder and CEO, and Greg Feller, President and CFO. To participate in the call, dial (289) 514-5100 or (800) 717-1738 (International) using conference ID: 86409. The webcast can be accessed at http://mogo.ai/investor-relations.
Contact:
Greg Feller, President & CFO
Source: Mogo Inc.
