Orion Digital (ORIO) Q3 2026 earnings summary

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.