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Orion Digital (ORIO) investor relations material
Orion Digital Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was $17.0M, flat YoY; 14% growth in Wealth and Payments offset a 9% decline in interest revenue. Net loss narrowed to $3.1M from $4.5M.
Wealth and Payments generated $6.9M, or 41% of revenue, up from 36% a year earlier.
9M Adjusted EBITDA rose 35% to $6.7M; Q3 Adjusted EBITDA was $1.9M versus $2.0M YoY and $3.3M in Q2.
Financial highlights
Q3 operating cash flow was $2.5M; core operating cash generation was $5.4M, up 23% YoY.
Cash, restricted cash, marketable securities and investments totaled $30.9M at September 30, 2026.
9M net loss was $9.7M versus $2.9M in 9M 2025.
Outlook and guidance
FY 2026 Adjusted EBITDA guidance increased to $7.0M–$8.0M from $6.0M–$7.0M, based on 9M results and current Q4 expectations.
FY 2026 consolidated revenue is expected to be modestly lower than in 2025.
Intelligent Investing plans further AI development and a broader early-2027 marketing campaign; Carta is focused on resuming commercial growth in 2027.
- Adjusted EBITDA up 115% sequentially; Wealth AUM and revenue show strong double-digit growth.ORIO
Q2 2026 - Adjusted EBITDA up 46% and cash up 97% year-over-year, with strong platform and app growth.ORIO
Q1 2026 - Recurring revenue and platform growth boosted margins and cash flow, with strong 2026 outlook.ORIO
Q4 2025 - Record AUM, double-digit revenue growth, and raised EBITDA guidance signal strong momentum.ORIO
Q3 2025 - Q2 2025 saw $13.5M profit, robust segment growth, and strategic Bitcoin and crypto expansion.ORIO
Q2 2025 - Record payments and AUM growth, raised 2024–2025 guidance, and first positive adjusted net income targeted.ORIO
Q3 2024 - Q2 revenue up 10% YoY, gross margin at 67.5%, and payments volume rose 12%.ORIO
Q2 2024 - Wealth and payments growth, AI transformation, and margin gains offset higher net loss.ORIO
Q1 2025 - FY 2024 revenue up 9.2% to $71.2M, with net income of $10.4M and strong segment growth.ORIO
Q4 2024
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