Mogo Reports Positive Net Income and Strong Growth in Wealth and Payments in Q2 2025
Net Income of $13.5 Million
Wealth and Payments Revenues Up 48% and 23% Year over Year, Respectively
Adjusted EBITDA Margin3 of 11.4%; Operating Cash Flow positive
Total Cash2, Marketable Securities & Investments of $50.8 Million
Book Value of $81.6 Million ($3.41 per Share) as of Q2 2025
Mogo reports in Canadian dollars and in accordance with IFRS
Mogo Inc. (NASDAQ:MOGO; TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments company with a strategic Bitcoin treasury, today announced it has monetized approximately $13.8 million of its investment in WonderFi Technologies Inc. (“WonderFi”), representing just under 50% of its total holdings in the company.
This transaction is highly significant in the context of Mogo’s current market capitalization of approximately $50 million, underscoring the intrinsic value of the company’s investment portfolio and balance sheet.
The WonderFi shares were sold at a modest discount to the proposed deal value in connection with WonderFi’s pending acquisition by Robinhood Markets, Inc. The Company currently plans to hold the remaining shares until that transaction closes, which WonderFi has stated is expected to occur in the second half of 2025, subject to customary closing conditions (see WonderFi’s July 30, 2025 press release: link.).
“We saw a timely opportunity to unlock value on a portion of our position while retaining meaningful exposure to WonderFi,” said Greg Feller, President & CFO of Mogo. “This transaction reflects our disciplined approach to capital allocation and allows us to accelerate our Bitcoin treasury strategy.”
Mogo is allocating the proceeds from this monetization in line with its long-term capital strategy. With these proceeds, the Company has increased its investment in Bitcoin1 to approximately $2 million, further reinforcing its conviction in Bitcoin as a strategic reserve asset and a core pillar of its treasury strategy.