adminMogo Inc. (NASDAQ:MOGO) Q2 2025 Earnings Conference Call August 7, 2025 3:00 PM ET
Company Participants
Craig Armitage – Investor Relations Officer
David Marshall Feller – Founder, CEO & Chairman
Gregory Dean Feller – President, CFO & Director
Conference Call Participants
Scott Christian Buck – H.C. Wainwright & Co, LLC, Research Division
Operator
Good afternoon, ladies and gentlemen, and welcome to the Mogo’s Second Quarter 2025 Financial Results Conference Call. [Operator Instructions] This call is being recorded on Thursday, August 7, 2025.
I would now like to turn the conference over to Craig Armitage, Investor Relations. Please go ahead.
Craig Armitage
Thank you, and good afternoon, everyone. Just a few quick notes before we get started. Today’s call will contain forward-looking statements that are based on current assumptions and subject to risks and uncertainties that could cause actual results to differ materially from those projected. The company undertakes no obligation to update these statements, except as required by law. Information about the risks and uncertainties are included in Mogo’s Q2 filings as well as periodic filings with regulators in Canada and the U.S., which you can find on SEDAR+, EDGAR and you can also access via the Mogo Investor Relations website.
Lastly, today’s session will include several adjusted financial measures or non-IFRS measures. Please consider these as a supplement to and not as a substitute for the IFRS measures. You’ll see that we’ve included reconciliations to those in the press release and in the investor deck that accompanies the webcast.
And with that, I’ll turn it over to Dave Feller. Go ahead, Dave.
David Marshall Feller
Thanks, Craig. Thanks, everyone, for joining. Q2 was a strong quarter across the board, profitable, high margin and structurally aligned with our long-term vision. We delivered net income of $13.5 million. Wealth revenue grew 48% year-over-year. Payments was up 23% and adjusted EBITDA margin expanded to 11.4%. We
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