Orion Digital Corp. (ORIO) Income Statement
ORIO 2025 at a glance
Fiscal year ended December 31, 2025 · Canadian dollarsORIO revenue and net income
Where ORIO's revenue goes
2025Each bar shows an amount and its share of revenue. ORIO kept −12.5% of revenue as net income.
ORIO profit margins
ORIO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −4.4% | −0.4% | +24.7% | +4.6% |
| Gross profit | +6.5% | +2.4% | +17.1% | +2.9% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ORIO income statement in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$68.1M | C$71.2M | C$65.2M | C$68.9M | C$57.5M | C$22.6M | C$61.7M | C$56.4M | C$49.4M | C$50.2M |
| Cost of revenue | C$18.4M | C$24.5M | C$18.6M | C$22.7M | C$11.5M | C$8.8M | C$8.9M | C$14.3M | C$12.7M | C$7.6M |
| Gross profit | C$49.7M | C$46.7M | C$46.7M | C$46.2M | C$46.0M | C$22.6M | C$52.8M | C$42.1M | C$36.7M | C$42.6M |
| Research & development | C$11.2M | C$10.6M | C$10.6M | C$13.0M | C$10.7M | C$13.0M | — | — | — | — |
| Sales, general & admin | C$27.5M | C$20.5M | C$20.3M | C$40.1M | C$45.0M | C$15.6M | — | — | — | — |
| Total operating expenses | C$53.4M | C$50.4M | C$50.5M | C$79.8M | C$80.0M | C$21.4M | C$46.0M | C$42.6M | C$41.8M | C$46.2M |
| Operating income | −C$3.7M | −C$3.7M | −C$3.9M | −C$33.5M | −C$33.9M | C$1.1M | −C$1.5M | −C$544,268 | −C$5.2M | −C$3.6M |
| Interest expense | C$9.5M | C$7.4M | C$7.0M | C$5.9M | C$5.4M | C$15.0M | C$22.8M | C$19.3M | C$14.9M | C$12.3M |
| Income before taxes | −C$8.9M | −C$14.0M | −C$18.3M | −C$166.0M | −C$33.4M | −C$13.4M | −C$11.1M | −C$22.0M | −C$20.0M | −C$17.2M |
| Income taxes | −C$335,725 | −C$341,000 | −C$400,000 | −C$336,000 | −C$232,000 | — | — | — | — | C$519 |
| Net income | −C$8.5M | −C$13.7M | −C$17.9M | −C$165.7M | −C$33.2M | −C$13.4M | −C$11.1M | −C$22.0M | −C$20.0M | −C$17.2M |
| EBITDA | C$8.6M | C$1.8M | −C$2.2M | −C$147.5M | −C$15.3M | C$10.9M | C$6.8M | C$6.3M | −C$1.1M | −C$1.6M |
| Gross margin | 73.0% | 65.6% | 71.5% | 67.1% | 80.0% | 100.0% | 85.6% | 74.7% | 74.2% | 84.8% |
| Operating margin | −5.5% | −5.2% | −5.9% | −48.6% | −59.0% | 5.0% | −2.4% | −1.0% | −10.5% | −7.2% |
| Net margin | −12.5% | −19.2% | −27.4% | −240.3% | −57.7% | −59.5% | −18.0% | −38.9% | −40.5% | −34.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$16.9M | C$16.6M | C$23.9M | C$17.0M | C$16.9M | C$17.3M | C$18.0M | C$17.7M | C$17.5M | C$18.0M | C$17.2M | C$15.7M |
| Cost of revenue | C$4.2M | C$4.6M | C$7.2M | C$5.2M | C$4.7M | C$5.7M | C$6.7M | C$5.8M | C$5.6M | C$6.4M | C$6.6M | C$5.2M |
| Gross profit | C$12.6M | C$12.0M | C$16.7M | C$11.8M | C$12.2M | C$11.6M | C$11.4M | C$11.9M | C$11.9M | C$11.5M | C$10.6M | C$10.5M |
| Research & development | C$2.8M | C$3.0M | C$4.1M | C$2.7M | C$2.8M | C$2.8M | C$2.7M | C$2.4M | — | — | — | — |
| Sales, general & admin | C$4.0M | C$4.8M | C$5.7M | C$5.0M | C$5.1M | C$5.7M | C$4.3M | C$5.1M | — | — | — | — |
| Total operating expenses | C$11.3M | C$15.6M | C$16.8M | C$12.4M | C$12.8M | C$13.0M | C$11.5M | C$12.3M | C$21.5M | C$12.3M | −C$2.8M | C$16.8M |
| Operating income | C$1.3M | −C$3.6M | −C$120,747 | −C$578,000 | −C$603,000 | −C$1.4M | −C$124,000 | −C$398,000 | −C$9.6M | −C$802,397 | C$13.4M | −C$6.3M |
| Interest expense | C$1.5M | C$2.3M | C$2.2M | C$1.6M | C$1.5M | C$1.6M | C$1.8M | C$1.9M | C$2.9M | C$2.6M | C$3.0M | C$2.5M |
| Income before taxes | −C$729,000 | −C$5.9M | −C$7.9M | −C$4.6M | C$13.5M | −C$12.0M | C$10.3M | −C$8.2M | −C$12.4M | −C$3.7M | C$8.4M | −C$9.6M |
| Income taxes | C$15,000 | −C$99,255 | −C$134,468 | −C$99,000 | −C$40,000 | −C$99,000 | −C$84,000 | −C$80,000 | −C$91,937 | −C$85,148 | −C$79,006 | −C$122,611 |
| Net income | −C$744,000 | −C$5.8M | −C$7.8M | −C$4.5M | C$13.5M | −C$11.9M | C$10.4M | −C$8.1M | −C$12.3M | −C$3.6M | C$8.5M | −C$9.5M |
| EBITDA | C$2.6M | −C$1.6M | −C$3.7M | −C$1.1M | C$17.0M | −C$8.4M | C$14.1M | −C$4.3M | −C$7.5M | C$1.6M | C$15.8M | −C$4.2M |
| Gross margin | 74.9% | 72.0% | 69.9% | 69.5% | 72.0% | 67.0% | 63.1% | 67.3% | 68.1% | 64.2% | 61.7% | 66.9% |
| Operating margin | 7.5% | −21.7% | −0.5% | −3.4% | −3.6% | −8.0% | −0.7% | −2.3% | −54.9% | −4.5% | 77.7% | −40.1% |
| Net margin | −4.4% | −35.1% | −32.6% | −26.6% | 79.8% | −68.5% | 57.6% | −45.9% | −70.7% | −20.1% | 49.4% | −60.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in ORIO's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ORIO financial results
In fiscal year 2025 (ended December 31, 2025), Orion Digital reported revenue of C$68.1 million, down 4.4% from the year before. It had a net loss of C$8.5 million, a net profit margin of −12.5%. Over five years revenue grew at an average rate of 24.7% a year. Figures are in Canadian dollars, the currency of its financial statements.
See the ORIO stock overview for the latest quote and news, or the ORIO chart for price history and technical indicators.
ORIO income statement FAQ
What is Orion Digital's annual revenue?
Orion Digital reported total revenue of C$68.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 4.4% from C$71.2 million the previous year.
Is Orion Digital profitable?
No. Orion Digital reported a net loss of C$8.5 million in fiscal 2025, a net profit margin of −12.5%; its operating margin was −5.5%.
What is Orion Digital's gross margin?
Orion Digital's gross margin was 73.0% in fiscal 2025: for every $100 of revenue, Orion Digital kept $73 after the direct cost of its products and services.
How much does Orion Digital spend on research and development?
Orion Digital spent C$11.2 million on research and development in fiscal 2025, 16.5% of revenue.
How fast is Orion Digital growing?
Revenue grew 24.7% a year on average over the last five fiscal years, from C$22.6 million to C$68.1 million.
When will Orion Digital report its next earnings?
Orion Digital is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does Orion Digital's fiscal year end?
Orion Digital's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.