ORIO

Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 11:00 a.m. ET Investor Relations - Craig Armitage Founder and Chief Executive Officer - David Marshall Feller President and Chief Financial Officer - Gregory Dean Feller Operator: Morning, ladies and gentlemen, and welcome to the Orion Digital Second Quarter 26 Earnings Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you need assistance, please press 0 for the operator. This call is being recorded on Thursday, 08/06/2026. I would now like to turn the conference over to Craig Armitage, Investor Relations. Please go ahead. Craig Armitage: Thank you, Joanna, and good morning, everyone. Before we begin, I would like to cover a few brief items. Today's call will include forward looking statements based on current assumptions and subject to risks and uncertainties that could cause actual results to differ materially. The Company undertakes no obligation to update these statements except as required by law. Additional information about these risks is included in Orion Digital's Q2 filings, and the periodic filings with Canadian and U. S. Regulators which you will find on SEDAR+, EDGAR, and on the Orion Investor Relations website. In addition, today's discussion will include certain non-IFRS or adjusted financial measures. These should be considered as a supplement to and not a substitute for IFRS results We have included reconciliations of these measures in the Q2 press release and other filings. With that, I will turn the call over to David Marshall Feller. David? David Marshall Feller: Thanks, Craig. I am joined today by our President and CFO, Gregory Dean Feller. Before I get into wealth, a word on the quarter: Consolidated adjusted EBITDA was $3.3 million up 115% sequentially and 70% year over year, with margins expanding to 19.5%. Gregory will cover the mechanics, but I want to talk about something the numbers do not fully capture. On July 27, we commercially launched intelligent investing. We are still early, and we expect to make a lot of improvements from here. But we are encouraged by what we are seeing so far. Intelligent investing pairs commission free investing with independent AI powered research and a structured system for how members make and track capital allocation decisions. Built on top of an established wealth business with the regulatory and operating foundation already in place. Here's the belief behind it. The retail investing industry promised democratization. Access, low cost, empowerment. What the economics of the category actually reward is activity. Because revenue follows transaction volume. that is not a claim about anyone's motives. it is what the incentive structure produces. We built something else. We are asset class neutral. Over time, subject to regulatory approval, we expect to support a broader range of instruments. What we are not neutral on is process. Every asset class on the platform gets the same discipline. Documented decisions, and performance measured against a benchmark over time. The instrument is not the problem, offering it with no record of the reasoning behind it is. That is rooted in a simple premise. Behavior is not a byproduct of information. it is a byproduct of environment. Give someone perfect information inside an activity driven environment and they will still behave accordingly. We want engagement, too, just pointed at research, patience, and reviewing decisions instead of trading activity. that is why the platform is calm rather than stimulating. Why members get full access to FinChat's professional research platform, and why we are building towards the decision architecture that asks investors to document the reasoning and revisit it later. Our thesis is that the platforms that win the next era will be the ones that can demonstrate performance, not the ones that win the most trading activity. And to be precise about what performance means, not a big year, which is often just risk or luck. But compounding over decades. that is the number that actually builds wealth. Looking forward, we expect model capability to keep improving. And over time, we believe AI becomes a meaningful part of how investors make better, more disciplined decisions. Not by replacing judgment, but by helping surface what actually drove good outcomes and what did not. That only works if the underlying system is capturing the right data now. The decisions, the reasoning, the context behind them. Structured well enough to eventually determine what drives good outcomes over time. That is a data-structure problem today and an intelligence layer we intend to build on top of it over time. We are building towards a capital allocation system with AI eventually as part of what makes it smarter and as more disciplined decisions run through it. Not a trading app with a feature bolted on. This is a commercializing off of a real business. $545 million in client assets, up 18% year over year. And $4.1 million in wealth revenue, up 14%. That foundation is what has let us commercialize without starting from zero. For the rest of the year, we will be putting the platform in front of more investors, testing what brings in the right ones, and building an acquisition model that earns the right to more growth capital. This is not a trading app. it is built for investors who want to improve their performance often because they are not happy with it today and who want to do the research and discipline professional allocators have always had. With that, I will pass it over to Gregory, who will take you through the quarter, the financials, and the outlook. Gregory Dean Feller: Thank you, David. I will now focus on the financial performance behind the quarter. How we are allocating capital and what investors should watch as we continue to execute the strategy our CEO outlined: Q2 was an important financial milestone for Orion. Adjusted EBITDA increased $3.3 million up 115% sequentially and 70% year over year. Adjusted EBITDA margin expanded to 19.5%, gross margin increased to 75% and we generated $1.3 million of operating income. The results demonstrate that Orion has meaningful earnings and cash generation while operating with a lower level of lending deployment. As we have made clear in our disclosures, this should not be viewed as a normalized quarterly run rate in the near term. Some of the improvements reflected lower customer acquisition costs, lower loan loss provisions, and lower funding requirements associated with reduced lending deployment. As we selectively increase lending originations, and continue investing behind marketing of intelligent investing, some of these costs will naturally increase during the second half. Key takeaway is that we strengthened the underlying economics of the business while establishing a more disciplined framework for deploying capital. Turning to revenue. Revenue was $16.9 million in the quarter, essentially unchanged from the prior year. Within the results, wealth revenue increased 14% to $4.1 million while assets under management in our consolidated wealth business increased 18% to $545.3 million. Important to distinguish those existing assets from the adoption of the newly launched intelligent investing experience. Our existing wealth business provides a regulatory, operating, and technology foundation for commercialization of intelligent investing. But to be clear, our total AUM includes both our intelligent investing platform and our legacy wealth business. Payments revenue was $2.4 million down 9% year over year primarily reflecting lower nonrecurring services revenue in the quarter. While European transaction volume of $2.8 billion was up slightly from the last quarter and stable year over year. Interest revenue declined 3%, reflecting the deliberate reduction in Mogo lending operations. We continue to accept the near-term revenue pressure from lowered lending revenue because we believe deploying additional lending capital below our return and liquidity requirements would create lower quality growth. Our objective is to build a more durable earnings base not simply maximize near-term revenue. The improvement in profitability reflected 3 primary factors: continued growth in wealth, lower lending acquisition costs and provisions and continued operating discipline across the business. Looking ahead, we expect the second half adjusted EBITDA to moderate from first half levels as lending originations gradually and as associated provisions normalize, and commercialization of investments for wealth increase. that is entirely consistent with our strategy. Our objective is not to maximize quarterly EBITDA, it is to invest where returns justify the capital while continuing to improve the long term cash generation. Turning to cash flow. Cash remains 1 of the most important ways we evaluate our performance. Cash provided by operating activities in the quarter was $2.7 million compared with $900 thousand in the prior year period. Core operating cash generation of $5.1 million. This supplemental measure is intended to show the cash generated by our operating business before growth investment in lending activity, and corporate finance activity. Excluding the $3 million nonrecurring receipt included in the prior year quarter, core operating cash generation increased by approximately $1.1 million or 29% During the quarter, we invested approximately $900 thousand in growth and platform development, and approximately $1.65 million into our loan portfolio. We also repaid approximately $1.6 million under the lending credit facility and just over $500 thousand of debentures. After these investing and financing activities together with share repurchases, total cash declined by approximately $500 thousand in the quarter to $25.1 million Our primary financial objective remains achieving sustainable consolidated cash flow after funding recurring growth investment, lending, capital requirements and corporate obligations. Now I want to talk about our capital allocation. Capital allocation is ultimately what ties the financial strategy together. Our first priorities are maintaining liquidity and meeting our obligations. From there, we evaluate every discretionary use of capital against expected returns, payback, downside risk and long term value creation. In lending, our current framework targets approximately 18 to 24 months for return. Total capital includes both the equity we are required to contribute on the lending facility and customer acquisition costs. This represents a higher investment standard than we have historically used. We will also increase originations only where expected net yields credit performance, acquisition costs and capital requirements satisfy those return thresholds. Growth on the lending portfolio is an output of qualifying economics. It is not the objective. At the quarter end, gross loan receivables were $75.4 million while the related lending credit facility was $49.8 million Additional investment in Intelligent Investing will be driven by demonstrated customer engagement, retention, funded account growth and customer economics. Carta is now positioned to fund its ordinary platform investment and growth internally. Lastly, share repurchases and debt reduction continue to compete for capital alongside internal investment opportunities. Turning to our outlook, we are not changing it from Q1 guidance. However, based on stronger than expected first half performance, we expect full year adjusted EBITDA to be at the upper end or exceed our previously communicated guidance range of $6 million to $7 million As investors assess our execution in the coming quarters, I would encourage them to focus on 3 areas: disciplined growth in the lending portfolio under our updated return framework measured commercialization progress in intelligent investing, and Carta continuing to operate as a financially self sustaining business. With that, operator, we are now happy to turn it over and take questions. Operator: Thank you. Ladies and gentlemen, we will now take questions from analysts. If you wish to ask a question, please press *, followed by 1. If you are using a speakerphone, please lift the handset before pressing any keys. We have no questions from analysts. I will turn the call back over to Gregory Dean Feller for closing comments. Gregory Dean Feller: Great. Thank you. Actually, before we do close, I did want to answer or address 1 question that we have understandably received from a number of investors, which relates to the NASDAQ notice. As we did disclose, we received a NASDAQ notice regarding the minimum bid price requirement, which was not unexpected given where the share price has been trading. As you know, we are also listed on the Toronto Stock Exchange. That said, maintaining our Nasdaq listing is very important to us. And we have a defined compliance period And our primary focus is on executing the business and continuing to close what we believe is a meaningful disconnect between our operating performance and our market valuation. So with that, if there are no other questions, I think we will end the call. Thank you, everyone, again for joining, and we look forward to giving you an update for the next quarter. Thanks, everyone. Operator: Ladies and gentlemen, this concludes your conference call for today. We thank you for participating, and we ask that you please disconnect your lines. Before you buy stock in Orion Digital, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Orion Digital wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $400,209!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,375,393!* Now, it’s worth noting Stock Advisor’s total average return is 964% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 13, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Orion Digital (ORIO) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

This article first appeared on GuruFocus. Adjusted EBITDA: $3.3 million, up 115% sequentially and 70% year over year. Adjusted EBITDA Margin: Expanded to 19.5%. Gross Margin: Increased to 75%. Operating Income: $1.3 million. Revenue: $16.9 million, essentially unchanged from the prior year. Wealth Revenue: Increased 14% to $4.1 million. Client Assets (Wealth): $545.3 million, up 18% year over year. Payments Revenue: $2.4 million, down 9% year over year. European Transaction Volume: $2.8 billion, up slightly from the last quarter and stable year over year. Interest Revenue: Declined 3%, reflecting reduced lending operations. Cash Provided by Operating Activities: $2.7 million, compared with $900,000 in the prior year period. Core Operating Cash Generation: $5.1 million, up approximately $1.1 million or 29% excluding a $3 million nonrecurring receipt. Growth and Platform Development Investment: Approximately $900,000. Loan Portfolio Investment: Approximately $1.65 million. Gross Loan Receivables: $75.4 million at quarter end. Lending Credit Facility: $49.8 million at quarter end. Total Cash: Declined by approximately $500,000 in the quarter to $25.1 million. Full Year Adjusted EBITDA Guidance: Expected to be at the upper end or exceed the previously communicated range of $6 million to $7 million. Warning! GuruFocus has detected 4 Warning Signs with ORIO. Is ORIO fairly valued? Test your thesis with our free DCF calculator. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Consolidated adjusted EBITDA surged 115% sequentially and 70% year-over-year to $3.3 million, with margins expanding to 19.5%. Wealth revenue grew 14% year-over-year to $4.1 million, supported by an 18% increase in client assets to $545.3 million. Gross margin improved to 75%, and operating income reached $1.3 million, demonstrating strong earnings capacity. Cash provided by operating activities rose to $2.7 million in Q2, up from $0.9 million in the prior year, with core operating cash generation up 29%. The company raised its full-year adjusted EBITDA guidance to the upper end or above the $6 million to $7 million range, reflecting stronger-than-expected first-half performance. Revenue remained essentially flat year-over-year at $16.9 million, with payments revenue down 9% and interest revenue down 3%. The company expects second-half adjusted EBITDA to moderate as lending originations increase and commercialization investments for Wealth rise. Total cash declined by approximately $500,000 in the quarter to $25.1 million after investing and financing activities. The company received a Nasdaq notice regarding the minimum bid price requirement, highlighting a disconnect between operating performance and market valuation. Near-term profitability improvements were partly due to lower customer acquisition costs and loan loss provisions, which are not expected to be a normalized run rate. Q: What is the significance of the Intelligent Investing launch, and how does it differentiate Orion Digital from traditional trading platforms? A: David Feller, Chairman and CEO, highlighted the commercial launch of Intelligent Investing on July 27, which pairs commission-free investing with independent AI-powered research and a structured system for tracking capital allocation decisions. He emphasized that the platform is asset-class neutral and focuses on process discipline, aiming to shift the industry's incentive structure away from trading activity toward research, patience, and performance. The thesis is that platforms demonstrating long-term compounding performance will win the next era, not those maximizing transaction volume. Q: How did Orion Digital's Q2 2026 financial performance compare to expectations, and what drove the improvements? A: Gregory Feller, President and CFO, reported adjusted EBITDA of $3.3 million, up 115% sequentially and 70% year-over-year, with margins expanding to 19.5%. The improvements were driven by continued growth in Wealth, lower lending acquisition costs and provisions, and operating discipline. However, he cautioned that this should not be viewed as a normalized run rate, as costs will increase in the second half with selective lending growth and marketing investments for Intelligent Investing. Q: What is the company's updated capital allocation framework for its lending business? A: Gregory Feller explained that the new framework targets an 18- to 24-month return on total capital, including equity contributions and customer acquisition costs. This represents a higher investment standard than historically used. Growth in the lending portfolio is now an output of qualifying economics, not the objective, and originations will only increase where expected net yields, credit performance, and capital requirements satisfy these thresholds. Q: What is the outlook for the full year 2026, and what areas should investors focus on? A: The company maintained its Q1 guidance but expects full-year adjusted EBITDA to be at the upper end or exceed the $6 million to $7 million range due to stronger-than-expected first-half performance. Gregory Feller advised investors to focus on three areas: disciplined growth in the lending portfolio under the updated return framework, measured commercialization progress in Intelligent Investing, and Carta's continued operation as a financially self-sustaining business. Q: How did the company address the Nasdaq minimum bid price notice? A: Gregory Feller acknowledged the receipt of a Nasdaq notice regarding the minimum bid price requirement, which was not unexpected given the share price. He emphasized that maintaining the Nasdaq listing is very important, and the company has a defined compliance period. The primary focus is on executing the business and closing the disconnect between operating performance and market valuation. Q: What were the key revenue drivers and challenges in Q2 2026? A: Total revenue was $16.9 million, essentially unchanged year-over-year. Wealth revenue increased 14% to $4.1 million, with AUM up 18% to $545.3 million. Payments revenue declined 9% to $2.4 million due to lower nonrecurring services revenue, while interest revenue fell 3% due to the deliberate reduction in lending operations. The company accepted near-term revenue pressure to build a more durable earnings base. Q: How is the company managing cash flow and capital allocation priorities? A: Cash provided by operating activities was $2.7 million in Q2, up from $900,000 in the prior year. Core operating cash generation was $5.1 million, up 29% excluding a nonrecurring receipt. The company invested approximately $900,000 in growth and platform development and $1.65 million into the loan portfolio, while repaying debt. The primary financial objective is achieving sustainable consolidated cash flow after funding growth investments, lending capital, and corporate obligations. Q: What is the strategic importance of the data structure behind Intelligent Investing? A: David Feller emphasized that the platform is built to capture structured data on decisions, reasoning, and context, which will enable an AI intelligence layer over time. He noted that this is a data structure problem today, and the goal is to build a capital allocation system where AI helps surface what drives good outcomes, rather than a trading app with a feature bolted on. This long-term approach is intended to improve investor discipline and performance. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Adjusted EBITDA Increased 115% Sequentially and 70% Year-over-Year Adjusted EBITDA Margin Expanded to 19.5% from 9.1% in Q1 Core Operating Cash Generation of $5.1 Million Wealth AUM Increased 18% Year-over-Year to $545.3 Million Wealth Revenue Increased 14% Year-over-Year to $4.1 Million Orion Digital reports in Canadian dollars and in accordance with IFRS. VANCOUVER, British Columbia, August 06, 2026--(BUSINESS WIRE)--Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) ("Orion Digital" or the "Company") today reported financial results for the second quarter ended June 30, 2026. Orion Digital operates established businesses across Canadian wealth, European payments infrastructure and Canadian consumer finance. Intelligent Investing is the Company’s principal area of growth investment; Carta provides an established European payments platform from which to pursue self-funded commercial opportunities; and Mogo lending is managed to generate risk-adjusted returns and cash through disciplined capital deployment. Management allocates capital among these businesses based on expected returns, capital efficiency and liquidity requirements. Q2 2026 marked an important milestone in Orion Digital’s evolution. The Company demonstrated improved earnings and cash generation at a lower level of Mogo lending deployment, commercially launched Intelligent Investing subsequent to quarter-end and continued executing across Carta Worldwide. Total revenue was $16.9 million compared with $17.0 million in Q2 2025, as growth in Wealth partially offset lower Payments and interest revenue following the reduction in Mogo lending originations communicated last quarter. Wealth revenue increased 14% year-over-year, Wealth assets under management increased 18% to $545.3 million, and Wealth and Payments together represented 38% of total revenue compared with 36% in the prior-year quarter. Gross profit increased to $12.6 million from $12.2 million, while gross margin expanded to 75% from 72%. The increase primarily reflected lower loan-loss provisions and transaction costs associated with reduced lending deployment, together with continued Wealth revenue growth. Adjusted EBITDA1 increased 115% sequentially and 70% year-over-year to $3.3 million, near the top of the Company’s previously announced guidance range of $2.5 million to $3.5 million. Adjusted EBITDA margin expanded to 19.5% from 9.1% in Q1 2026 and the Company generated operating income of $1.3 million. Cash provided by operating activities1 was $2.7 million during Q2 2026, compared with $0.9 million in Q2 2025. Core operating cash generation1, a supplemental measure management uses to assess cash generated by Orion Digital’s operating businesses before capital deployment and corporate financing activities, was $5.1 million. Q2 2025 included a $3.0 million non-recurring cash receipt. Excluding that receipt, core operating cash generation increased by approximately $1.1 million, or 29%, year-over-year. Although Q2 demonstrated the earnings and cash-generation capacity of the business at a lower level of lending deployment, management does not view the quarter as a normalized run rate. Second-half Adjusted EBITDA is expected to be lower than the first half as lending deployment gradually increases, associated loan-loss provisions increase, and the marketing investment expands following the commercial launch of Intelligent Investing. Adjusted net income1 was $1.1 million, or $0.04 per share, compared with an adjusted net loss of $0.4 million, or ($0.02) per share, in the prior-year quarter. Net loss was $0.7 million compared with net income of $13.5 million in Q2 2025. The prior-year result included a significant non-operating revaluation gain. Q2 2026 KPI Scorecard Management Commentary David Feller, Founder and CEO "Wealth assets under management reached $545 million and Wealth revenue increased 14%. Subsequent to quarter-end, we commercially launched Intelligent Investing, beginning the platform’s commercialization phase." "We believe increasingly abundant research and information are increasing the importance of disciplined investment decision-making. Intelligent Investing is organized around the investment decision and is designed to help members research, document, benchmark and review their investment decisions over time. Our focus now is to introduce the platform to a broader group of investors, evaluate customer engagement and retention, continuously improve the platform and build an effective customer-acquisition model before increasing investment." "Intelligent Investing is being commercialized from an established Canadian wealth business, providing the regulatory, operating and technology foundation for commercialization. We intend to allocate additional capital based on demonstrated customer use and long-term customer economics." Greg Feller, President and CFO "Adjusted EBITDA more than doubled sequentially to $3.3 million, increasing 115% from Q1 and 70% year-over-year, while Adjusted EBITDA margin expanded to 19.5%. The result was near the top of our guidance range and reflected lower lending deployment, reduced acquisition spending and provisions, continued Wealth growth and operating-cost management." "Cash provided by operating activities was $2.7 million, while core operating cash generation was $5.1 million. Excluding the $3.0 million non-recurring receipt in the prior-year quarter, core operating cash generation increased by approximately $1.1 million, or 29%. While Q2 should not be viewed as a normalized run rate, it demonstrated our ability to generate meaningful earnings and operating cash while preserving financial flexibility." "Total revenue was $16.9 million compared with $17.0 million a year ago. We are prepared to accept near-term revenue pressure rather than deploy lending capital below our return, payback or liquidity thresholds." Wealth Platform — Intelligent Investing Intelligent Investing is Orion Digital’s Canadian wealth business, designed to help investors improve the quality and consistency of their investment decisions through commission-free investing, independent AI-powered research and a structured capital-allocation system. The platform is organized around the investment decision and is designed to help investors document investment theses, benchmark performance, review outcomes and improve decision quality over time. On July 27, 2026, subsequent to quarter-end, the Company commercially launched Intelligent Investing, beginning the Company’s commercialization phase. During the remainder of 2026, the Company intends to introduce the platform to a broader group of investors, evaluate customer engagement and member retention, continuously improve the product and allocate additional capital based on demonstrated customer use and long-term customer economics. Wealth is currently the Company’s principal area of growth investment. Payments Platform — Carta Worldwide Carta provides payments infrastructure supporting payment programs processing more than $11 billion of annual payment volume and reaching more than five million end users across Europe through its clients. European transaction volume was $2.8 billion in Q2 2026, consistent with the prior-year period. For the first six months of 2026, European transaction volume was $5.5 billion, an increase of 6% year-over-year. Payments revenue was $2.4 million, a decrease of 9% from Q2 2025, primarily reflecting lower non-recurring services revenue compared with the prior-year period. Mogo Lending — Return-Based Capital Deployment Mogo is Orion Digital’s established Canadian consumer finance business, with more than two decades of operating history and underwriting experience. During Q2, the Company reduced originations as previously announced. The lower deployment level reduced customer-acquisition costs, incremental loan-loss provisions and associated funding requirements, contributing to the stronger earnings and cash-generation profile during the quarter. The reduced deployment also provided management with additional portfolio-performance data and reinforced the Company’s focus on capital efficiency and expected returns rather than origination growth. Gross loans receivable declined to $75.4 million at June 30, 2026 from $77.9 million at March 31, 2026. The related lending credit facility declined to $49.8 million from $51.4 million. Net corporate capital used by the lending portfolio4 was $3.3 million during Q2, compared with $4.5 million in the prior-year quarter. This supplemental measure combines changes in loans receivable with net advances from, or repayments to, the credit facility that directly funds the lending portfolio. The Company expects to increase originations gradually as credit performance, customer-acquisition costs and expected capital payback meet management’s return and liquidity thresholds. Future deployment will continue to be governed by expected lifetime returns, capital payback objectives, credit performance, acquisition costs and liquidity requirements rather than predetermined volume targets. Cash Generation and Capital Allocation Core operating cash generation is a supplemental measure used to assess cash generated by Orion Digital’s operating businesses before growth investment, lending deployment and corporate financing activities. During the quarter, the Company invested $0.9 million in growth and platform development3 and deployed $3.3 million of net corporate capital used by the lending portfolio. After portfolio investments and monetizations5, corporate financing and shareholder capital allocation activates6 (including share repurchases), cash decreased by approximately $0.5 million to $23.3 million. Core operating cash generation and the related capital-allocation measures are supplemental measures used by management to evaluate how cash is generated and deployed. Detailed definitions and reconciliations to the consolidated statement of cash flows are included in the Company’s MD&A for the three and six months ended June 30, 2026. Management evaluates material uses of capital based on expected returns, capital efficiency, payback, liquidity requirements, downside risk and long-term per-share value. Liquidity At June 30, 2026, Orion Digital held: cash of $23.3 million; restricted cash of $1.8 million; marketable securities of $4.2 million; and an investment portfolio of $5.6 million. Cash and restricted cash totaled $25.1 million, an increase of $4.9 million, or 24%, from $20.2 million at December 31, 2025. Total cash, restricted cash, marketable securities and investments were $34.8 million at June 30, 2026. The Company’s reported debt includes both corporate obligations and the lending credit facility that directly finances its consumer loan portfolio. At June 30, 2026, the lending credit facility was $49.8 million compared with gross loans receivable of $75.4 million. Management evaluates portfolio funding separately from corporate obligations when assessing liquidity and leverage, while recognizing the facility’s credit-performance, covenant and liquidity risks. The Company intends to maintain sufficient liquidity to meet corporate obligations and fund lending commitments while investing selectively in Intelligent Investing and Carta, gradually increasing Mogo lending deployment where expected returns meet established thresholds and pursuing share repurchases when management believes they represent an attractive use of capital. During Q2, the Company repurchased 113,628 common shares at an average price of $1.32 per share. As of June 30, 2026, Orion Digital had repurchased a total of 1,829,537 common shares since June 2022. 2026 Outlook The outlook that follows constitutes forward-looking information within the meaning of applicable securities laws and is based on assumptions and subject to risks. Actual results could vary materially as a result of numerous factors, including risk factors beyond Orion Digital’s control. Management expects to continue executing its capital allocation framework throughout the remainder of 2026, balancing profitability, liquidity and long-term growth opportunities across its Lending, Wealth and Payments businesses. Following the commercial launch of Intelligent Investing in July 2026, management's focus has shifted from product development to commercialization. During the remainder of 2026, the Company intends to introduce the platform to a broader group of investors, learn from how customers use it, continuously enhance the platform and allocate additional capital based on customer engagement, member retention and long-term customer economics. Management believes long-term success will be driven less by initial customer acquisition and more by building a platform that members actively use, continue to subscribe to and incorporate into their investing process over time. We expect to continue investing selectively in Carta while expanding the platform's capabilities. Carta's existing infrastructure gives us a foundation to add capabilities over time, including in stablecoin-enabled payments, and we will invest in those opportunities where the expected returns meet our capital allocation criteria. Following the deliberate reduction in Mogo’s lending deployment during the first half of 2026, management expects to gradually increase lending deployment while continuing to evaluate new originations against expected risk-adjusted returns, capital payback objectives, liquidity requirements and overall capital allocation priorities. Consistent with the guidance outlined earlier this year, management currently expects Adjusted EBITDA7 during the second half of 2026 to be lower than the first half as we ramp up origination volume again and increase marketing investment following the commercial launch of Intelligent Investing. Management does not view the second quarter as establishing a new earnings run rate, but rather as demonstrating the underlying earnings and cash-generation capacity of the business under the Company's current capital allocation framework. Based on the Company's stronger-than-expected operating performance during the first half of 2026, management believes Orion is well positioned relative to its previously communicated full-year Adjusted EBITDA7 guidance of $6.0 million to $7.0 million. While second-half Adjusted EBITDA7 is expected to moderate as the Company increases investment in future growth, management currently expects full-year Adjusted EBITDA7 to trend toward the upper end of, and potentially exceed, its previously communicated guidance range. Management also continues to expect consolidated revenue for 2026 to be modestly lower than 2025. Conference Call & Webcast Orion Digital will host a conference call to discuss its Q2 2026 financial results today, Thursday, August 6, 2026 at 11:00 a.m. ET. 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: 67332. The webcast can be accessed at orion-digital.com/events. Listeners should access the webcast or call 10-15 minutes before the start time to ensure they are connected. A replay is available at (289) 819-1325 or (888) 660-6264 until August 13, 2026; Playback code 67332#. Non-IFRS Financial Measures This press release makes reference to certain non‑IFRS financial measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. These measures are provided as additional information to complement the IFRS financial measures contained herein by providing further metrics to understand the Company’s results of operations from management’s perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. We use non‑IFRS financial measures, including adjusted revenue, adjusted subscription and services revenue, adjusted payments revenue, adjusted other subscription and services revenue, adjusted EBITDA, adjusted net income (loss), core operating cash generation and cash provided by (used in) operating activities before investment in gross loans receivable, to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures. We also use non‑IFRS financial measures in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess our ability to meet our capital expenditure and working capital requirements. For more information, please see "Non-IFRS Financial Measures" in our Management’s Discussion and Analysis for the period ended June 30, 2026, which is available at www.sedarplus.com and at www.sec.gov. The following tables present a reconciliation of each non-IFRS financial measure to the most comparable IFRS financial measure. Adjusted EBITDA Adjusted net income (loss) Cash provided by (used in) operations before Investment in gross loans receivable Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of applicable securities legislation, including statements regarding the Company’s capital allocation strategy, Orion Digital’s strategic initiatives including in respect of its wealth management and payments platforms and financial outlook for 2026. Forward-looking statements are typically identified by words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Orion Digital’s growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, many of which are outside of Orion Digital’s control, including the receipt of any required regulatory approval. For a description of the risks associated with Orion Digital’s business please refer to the "Risk Factors" section of Orion Digital’s current annual information form, which is available at www.sedarplus.com and www.sec.gov. Except as required by law, Orion Digital disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. About Orion Digital Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) is an established financial technology company operating three businesses: Intelligent Investing, its Canadian wealth platform; Carta Worldwide, its European payments infrastructure platform; and Mogo, its Canadian consumer finance business. Intelligent Investing is focused on helping investors improve the quality and consistency of their investment decisions through commission-free investing, independent AI-powered research and a structured capital-allocation system. Intelligent Investing is commercializing from an established Canadian wealth business administering more than $545 million in client assets. Carta provides payments infrastructure supporting programs that process more than $11 billion of annual payment volume and reach more than five million end users across Europe through its clients. Mogo is an established Canadian consumer finance platform managed to generate cash and long-term economic returns through disciplined, return-based capital deployment. Orion Digital allocates capital across its businesses based on expected returns, capital efficiency and liquidity requirements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260806055972/en/ Contacts Investor [email protected] US Investor Relations ContactLytham Partners, LLCBen ShamsianNew York | [email protected] (646) 829-9701

Burke & Herbert Financial Services (BHRB) came out with quarterly earnings of $1.87 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $1.8 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +0.27%. A quarter ago, it was expected that this bank holding company would post earnings of $1.91 per share when it actually produced earnings of $1.98, delivering a surprise of +3.66%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Burke & Herbert, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $84.7 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.65%. This compares to year-ago revenues of $83.01 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Burke & Herbert shares have added about 3.4% since the beginning of the year versus the S&P 500's gain of 4.3%. While Burke & Herbert has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Burke & Herbert was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.67 on $111.8 million in revenues for the coming quarter and $8.15 on $446.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Orion Digital Corp. (ORIO), another stock in the same industry, has yet to report results for the quarter ended March 2026. This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of -75%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Orion Digital Corp.'s revenues are expected to be $12.43 million, up 3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Burke & Herbert Financial Services Corp. (BHRB) : Free Stock Analysis Report Orion Digital Corp. (ORIO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Q4 Revenue: $14.5 million, up 32% year-over-year. Combined Segment Revenue (Wealth and Payments): $24.4 million, up 27% year-over-year. Full Year Revenue: $68.6 million. Adjusted EBITDA: $7.1 million for the full year. Cash and Investments: $41 million at year-end. Assets Under Management (AUM): $498 million, up from $428 million in the previous year. Payment Network Volume: $12 billion processed, up 4% year-over-year. Platform Members: 2.3 million, growing 6% year-over-year. Q4 Total Revenue: $17.4 million, compared to $18 million in Q4 of '24. Adjusted Subscription Services Revenue: $41.5 million, up 12% from the previous year. Gross Margin: 70% for the full year. Transaction Volume (Carta): $11.9 billion for the year. Adjusted Payments Revenue Growth: 23% for the year. Warning! GuruFocus has detected 4 Warning Signs with ORIO. Is ORIO fairly valued? Test your thesis with our free DCF calculator. Release Date: March 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Orion Digital Corp (NASDAQ:ORIO) reported a 70% year-over-year growth in Assets Under Management (AUM) and a 32% increase in revenue to $14.5 million for Q4. The company's subscription and services revenue now represents 62% of total revenue, indicating a successful shift towards a recurring revenue model. The payment network processed $12 billion in volume, marking a 4% increase year-over-year. Orion Digital Corp (NASDAQ:ORIO) ended the year with $41 million in cash and investments, providing flexibility for future investments. The Intelligent Investing platform is designed to optimize long-term compounding, differentiating it from traditional trading platforms. Total revenue for the year decreased to $68.6 million from $71.2 million in 2024, partly due to exiting two unprofitable businesses. The company faces pressure on interest revenue due to rate changes in Canada, impacting the lending portfolio. The consumer lending portfolio is not being managed for growth, which could limit future revenue potential in this segment. Despite growth in subscription services, overall revenue remained relatively stable, indicating potential challenges in scaling other business areas. The company is cautious about macroeconomic conditions, which may affect its strategic decisions and growth opportunities. Q: Can you elaborate on the outlook for the lending platform and its importance to the overall business? A: Gregory Feller, President and CFO, explained that the focus is on managing the loan book for cash flow rather than growth, due to the impact of rate caps implemented in 2025. The goal is to keep the loan book relatively flat, with a decline in interest revenue expected. Long-term, lending is seen as an important cash flow-generating component, but the strategic focus is on Wealth and Payments. Q: What does the rollout of phase two of Intelligent Investing entail, and what can customers expect? A: David Feller, CEO, stated that phase two involves unifying the self-directed investing app, MogoTrade, with the managed investing offering under the new Intelligent Investing platform. This will result in a single, unified app and brand, expected to be completed within 30 to 60 days. Q: How are you prioritizing capital allocation between share repurchases and investments in growth areas? A: Gregory Feller indicated that the priority order for capital allocation is first to Wealth, second to Payments, and third to share repurchases. This reflects a focus on investing in areas with higher potential returns. Q: Is there potential for mergers and acquisitions (M&A) on the Wealth side? A: Gregory Feller mentioned that while they are open to opportunities, the current focus is on the rollout of Intelligent Investing. David Feller added that any M&A would likely focus on enhancing the platform's capabilities rather than acquiring existing customer bases. Q: Given the strong capital position, how does the company view its repurchase program? A: Gregory Feller reiterated that while share repurchases are a priority, the main focus remains on investing in the Wealth and Payments platforms to drive growth and returns. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Wealth AUM of $498M, up 17% Year-over-year European Payments Volume of $11.1B, up 14% Year-over-year FY 2025 Adjusted EBITDA1 of $7.1M Strong Balance Sheet with $41.3M Cash, Marketable Securities & Investments Orion Digital reports in Canadian dollars and in accordance with IFRS VANCOUVER, British Columbia, March 12, 2026--(BUSINESS WIRE)--Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) ("Orion Digital" or the "Company") today reported financial results for the fourth quarter and full year ended December 31, 2025. Orion Digital operates a digital wealth platform supported by payments infrastructure that enables transaction authorization across financial networks. The Company generates the majority of its revenue from recurring subscription and services revenue through its Intelligent Investing wealth platform, supported by Carta Worldwide, its payments infrastructure platform that provides issuer processing and transaction authorization capabilities. Subscription and services revenue represented 62% of total revenue in 2025, reflecting Orion Digital’s continued transition toward platform-driven recurring revenue. The Wealth platform represents the Company’s primary growth engine. The Company also operates a mature consumer lending portfolio that generates stable cash flow and supports capital allocation and continued investment in its platform businesses. As financial systems become increasingly automated, platforms that control how capital is allocated and how transactions are authorized are becoming increasingly important. Orion Digital’s wealth and payments platforms operate within these infrastructure layers. Adjusted growth rates exclude certain non-core businesses exited during 2024 -2025 in order to better reflect underlying platform growth. These exited operations represented approximately $6.1 million of revenue in 2024 and $0.8 million in 2025. Fourth Quarter 2025 Highlights Revenue: $17.4 million (–4% YoY reported; +7% adjusted for exited non-core businesses) Subscription & Services revenue: $10.9 million (–4% reported; +15% adjusted1) Wealth revenue: $3.8 million (+32% YoY) Payments revenue: $2.4 million (+1% reported; +12% adjusted1) Wealth + Payments revenue: $6.2 million (+18% reported; +24% adjusted1) Gross margin: 70% (vs 63% in 2024) Adjusted EBITDA1: $2.2 million (+5% YoY) Cash provided by operations before investment in gross loans receivable1: $6.0 million (+46% YoY) Full-Year 2025 Highlights Revenue: $68.6 million (–4% reported due to exited businesses; +4% adjusted excluding exited operations) Subscription & Services revenue: $42.3 million (–2% reported; +12% adjusted1) Wealth revenue: $14.5 million (+36% YoY) Payments revenue: $9.9 million (+15% reported; +23% adjusted1) Wealth + Payments revenue: $24.4 million (+27% reported; +31% adjusted1) Gross margin: 70% (vs 66% in 2024) Adjusted EBITDA1: $7.1 million (+7% YoY) Cash provided by operations before investment in gross loans receivable1: $19.6 million (+35% YoY) Management Commentary David Feller, Founder & CEO "2025 marked an important step in our transition toward a platform-driven business model. Subscription and services revenue now represents 62% of total revenue, while our Wealth and Payments platforms grew 27% year-over-year, or 31% on an adjusted basis. As financial systems become increasingly automated and AI-driven, the layers that govern capital allocation and transaction authorization become more important. Orion Digital is focused on building scalable infrastructure platforms with recurring revenue and operating leverage that operate at those critical points within the financial system." Greg Feller, President & CFO "Our platform businesses continue to drive improving operating economics. Adjusted subscription and services revenue increased 12% year-over-year while Wealth and Payments revenue grew 31% on an adjusted basis. Full-year results exceeded previously communicated ranges, reflecting stronger-than-expected platform growth, stable lending performance, and continued operating discipline. For full-year 2025 our operating businesses generated $19.6 million of cash flow before loan portfolio deployment, an increase of approximately 35% year-over-year, and the monetization of our remaining WonderFi position further strengthened our balance sheet entering 2026." Wealth Platform (Intelligent Investing) For full-year 2025, Wealth revenue increased 36% year-over-year to $14.5 million, reflecting increasing adoption of the Intelligent Investing platform and expansion of subscription-based wealth services designed to support disciplined capital allocation and long-term investment behavior. Key operating metrics include: Wealth revenue: $14.5 million (+36% YoY) Assets under management: $498 million (+17% YoY) Financial markets are entering a period where artificial intelligence and automated analytical tools are rapidly compressing informational advantages. As data analysis and financial research become widely accessible through AI systems, the traditional edge derived from information asymmetry is likely to diminish. In this environment, long-term investment outcomes are increasingly determined by capital allocation discipline, portfolio construction, and investor behavior rather than trading activity. The Intelligent Investing platform is designed around this principle. The system emphasizes structured allocation frameworks and behavioral discipline intended to support long-term compounding rather than activity-driven trading. Payments Platform (Carta) For full-year 2025, Payments revenue totaled $9.9 million, reflecting continued expansion of the Company’s European payments platform following the exit of Canadian programs. Key operating metrics include: Payments revenue: $9.9 million (+15% reported; +23% adjusted1) European transaction volume1: $11.1 billion (+14% YoY) Total transaction volume: $11.9 billion European transaction volume growth reflects continued expansion of the Company’s issuer processing platform across existing European programs. During the year the Company completed the migration of its payments platform infrastructure to Oracle Cloud Infrastructure (OCI), improving scalability, resilience, and operational efficiency. Carta operates within the authorization layer of payment networks, providing the infrastructure that authorizes transactions, enforces program rules, and connects payment activity to regulated settlement networks. Balance Sheet and Liquidity At December 31, 2025 the Company held $41.3 million in cash, marketable securities and investments, including: Cash & restricted cash: $20.2 million Marketable securities & private investments: $21.1 million In January 2026, Orion Digital monetized its remaining WonderFi position. This liquidity provides significant financial flexibility relative to the Company’s current market capitalization. The Company maintains a Nasdaq share repurchase authorization of up to $10 million, with capital allocation evaluated across share repurchases and continued investment in its Wealth and Payments platforms. 2026 Outlook The outlook that follows constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond Orion Digital’s control. The Company expects continued growth in subscription and services revenue in 2026 as its Wealth platform expands and its Payments infrastructure continues to scale. Key drivers include: Wealth: Revenue growth driven by the rollout of Intelligent Investing Phase 2 in the first half of the year, expanding the platform beyond the managed portfolio offering introduced in Phase 1. Payments: Revenue growth supported by the expansion of existing European programs and new program launches following the Company’s exit from the Canadian payments market in 2025. Consolidated revenue is expected to remain relatively stable in 2026, reflecting the disciplined management of the Company’s consumer lending portfolio. Reflecting these trends, Orion Digital expects Adjusted EBITDA2 in the range of approximately $7.0 million to $8.0 million in 2026. 1Non-IFRS measure. For more information regarding our use of these non-IFRS measures and, where applicable, a reconciliation to the most comparable IFRS measure, see "Non-IFRS Financial Measures" in the Company’s MD&A for the period ended December 31, 2025. 2Adjusted EBITDA is a non-IFRS measure. Management has not reconciled these forward-looking non-IFRS measures to their most directly comparable IFRS measure, net loss before tax. This is because the Company cannot predict with reasonable certainty and without unreasonable efforts the ultimate outcome of certain IFRS components of such reconciliations due to market-related assumptions that are not within our control as well as certain legal or advisory costs, tax costs or other costs that may arise. For these reasons, management is unable to assess the probable significance of the unavailable information, which could materially impact the amount of the future directly comparable IFRS measures. Conference Call & Webcast Orion Digital will host a conference call to discuss its Q4 2025 financial results at 1:00 p.m. ET on March 12, 2026. 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: 80924. The webcast can be accessed at orion-digital.com/events. Listeners should access the webcast or call 10-15 minutes before the start time to ensure they are connected. Non-IFRS Financial Measures This press release makes reference to certain non‑IFRS financial measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. These measures are provided as additional information to complement the IFRS financial measures contained herein by providing further metrics to understand the Company’s results of operations from management’s perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. We use non‑IFRS financial measures, including adjusted revenue, adjusted subscription and services revenue, adjusted payments revenue, adjusted EBITDA, adjusted net income (loss) and cash provided by (used in) operating activities before investment in gross loans receivable, to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures. We also use non‑IFRS financial measures in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess our ability to meet our capital expenditure and working capital requirements. For more information, please see "Non-IFRS Financial Measures" in our Management’s Discussion and Analysis for the period ended December 31, 2025, which is available at www.sedarplus.com and at www.sec.gov. The following tables present a reconciliation of each non-IFRS financial measure to the most comparable IFRS financial measure. Adjusted Total Revenue Adjusted Subscription and Services Revenue Adjusted Payments Revenue Adjusted EBITDA Cash Provided by (used in) Operations before Investment in Gross Loans Receivable Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of applicable securities legislation, including statements regarding the Company’s capital allocation strategy, Orion Digital’s strategic initiatives including in respect of its wealth management and payments platforms and financial outlook for 2026. Forward-looking statements are typically identified by words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Orion Digital’s growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, many of which are outside of Orion Digital’s control, including the receipt of any required regulatory approval. For a description of the risks associated with Orion Digital’s business please refer to the "Risk Factors" section of Orion Digital’s current annual information form, which is available at www.sedarplus.com and www.sec.gov. Except as required by law, Orion Digital disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. About Orion Digital Corp. Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) operates digital wealth and payments infrastructure platforms generating recurring subscription and services revenue. Its Intelligent Investing platform provides digital wealth management solutions in Canada, and its wholly owned subsidiary Carta Worldwide provides issuer processing and payments infrastructure across Europe. The Company also operates a consumer lending business with over 20 years of operating history that generates cash flow and is managed with a focus on stability and risk control. View source version on businesswire.com: https://www.businesswire.com/news/home/20260312128023/en/ Contacts Investor Relations [email protected] US Investor Relations Contact Lytham Partners, LLC Ben Shamsian New York | Phoenix [email protected] (646) 829-9701