Orion Digital Corp. (ORIO) Key Metrics
ORIO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Canadian dollarsORIO returns How much profit the business earns on the capital it uses.
ORIO financial health Debt, liquidity and how easily interest is covered.
ORIO efficiency & capital use Working capital cycle and where the cash goes.
ORIO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ORIO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ORIO cash returned to shareholders
ORIO key metrics in Canadian dollars
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −11.1% | −15.6% | −17.5% | −87.0% | −24.1% | −381.5% | — | — | −202.8% | −133.9% |
| Return on invested capital (ROIC) | −2.3% | −2.2% | −2.0% | −11.5% | −14.3% | 0.8% | −1.0% | −0.5% | −5.2% | −4.0% |
| Return on assets (ROA) | −4.7% | −6.9% | −8.3% | −53.8% | −13.3% | −10.3% | −7.7% | −16.4% | −16.9% | −16.6% |
| Return on tangible assets | −7.8% | −11.4% | −13.5% | −117.2% | −12.2% | −15.7% | −8.3% | −19.4% | −16.5% | −19.7% |
| Free cash flow margin | 28.6% | −6.4% | 10.9% | −50.7% | −67.9% | 185.1% | 10.6% | 6.7% | 6.5% | −27.4% |
| Financial health | ||||||||||
| Total debt | C$84.6M | C$85.6M | C$88.9M | C$87.7M | C$88.7M | C$90.4M | C$140.0M | C$129.0M | C$111.3M | C$86.7M |
| Cash & short-term investments | C$32.3M | C$34.6M | C$42.5M | C$29.3M | C$67.8M | C$12.1M | C$10.7M | C$20.4M | C$41.2M | C$18.8M |
| Net debt | C$52.3M | C$51.0M | C$46.4M | C$58.5M | C$21.0M | C$78.2M | C$129.3M | C$108.7M | C$70.1M | C$67.9M |
| Debt / equity | 1.17 | 1.05 | 0.95 | 0.79 | 0.33 | 17.22 | 77.80 | — | 7.95 | 15.09 |
| Debt / assets | 0.49 | 0.45 | 0.43 | 0.40 | 0.23 | 0.86 | 0.90 | 0.98 | 0.81 | 0.87 |
| Net debt / EBITDA | 6.10 | 28.54 | — | — | — | 7.17 | 19.01 | 17.22 | — | — |
| Current ratio | 1.49 | 1.50 | 1.62 | 1.49 | 2.06 | — | — | — | — | — |
| Quick ratio | 1.49 | 1.50 | 1.62 | 1.49 | 2.06 | — | — | — | — | — |
| Interest coverage | -0.4 | -0.5 | -0.6 | -5.7 | -6.3 | 0.1 | -0.1 | -0.0 | -0.3 | -0.3 |
| Working capital | C$33.7M | C$35.8M | C$45.5M | C$32.9M | C$69.6M | — | — | — | — | — |
| Invested capital | C$124.6M | C$132.2M | C$140.2M | C$169.3M | C$290.7M | C$83.5M | C$131.1M | C$100.0M | C$84.1M | C$73.7M |
| Tangible asset value | C$8.0M | C$11.8M | C$18.8M | C$30.7M | C$147.4M | −C$13.7M | −C$20.0M | −C$27.3M | −C$1.1M | −C$6.6M |
| Net current asset value | C$587,000 | −C$1.6M | C$4.9M | −C$10.5M | C$11.3M | — | — | — | — | — |
| Capital allocation | ||||||||||
| Share buybacks (net) | C$1.1M | C$104,000 | C$846,549 | C$1.6M | C$0 | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 5.7% | — | 11.9% | — | — | — | — | — | — | — |
| Capex / revenue | 0.1% | 4.6% | 0.2% | 11.5% | 13.9% | 0.1% | 1.1% | 6.0% | 0.8% | 1.9% |
| Capex / operating cash flow | 0.3% | — | — | — | — | 0.1% | 9.2% | 47.2% | 11.3% | — |
| Capex / depreciation | 0.01 | 0.39 | 0.02 | 0.63 | 0.63 | 0.00 | 0.08 | 0.50 | 0.10 | 0.46 |
| Stock-based compensation / revenue | 2.6% | 2.7% | 3.8% | 12.6% | 20.3% | — | — | — | — | — |
| R&D / revenue | 16.5% | 14.9% | 16.2% | 18.8% | 18.5% | 57.5% | — | — | — | — |
| SG&A / revenue | 40.4% | 28.7% | 31.1% | 58.2% | 78.2% | 69.2% | — | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 358.3 | 362.9 | 392.3 | 346.8 | 407.9 | — | — | — | — | 456.7 |
| Days payables outstanding | 78.2 | 81.6 | 119.3 | 85.6 | 157.7 | — | — | — | — | — |
| Cash conversion cycle (days) | 280.1 | 281.3 | 273.0 | 261.2 | 250.2 | — | — | — | — | — |
| Receivables turnover | 1.02 | 1.01 | 0.93 | 1.05 | 0.89 | — | — | — | — | 0.80 |
| Payables turnover | 4.67 | 4.47 | 3.06 | 4.27 | 2.31 | — | — | — | — | — |
| Asset turnover | 0.37 | 0.36 | 0.30 | 0.22 | 0.23 | 0.17 | 0.43 | 0.42 | 0.42 | 0.49 |
| Average receivables | C$66.8M | C$70.8M | C$70.1M | C$65.5M | C$64.3M | — | — | — | — | C$62.9M |
| Average payables | C$3.9M | C$5.5M | C$6.1M | C$5.3M | C$5.0M | — | — | — | — | — |
| Intangibles / total assets | 37.1% | 36.6% | 36.1% | 36.2% | 31.1% | 18.1% | 14.1% | 14.1% | 11.1% | 12.4% |
Computed from ORIO's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
ORIO valuation and financial ratios
Orion Digital earned a return on equity of −11.1% and a return on invested capital of −2.3% in fiscal 2025. It ended the year with C$84.6 million of debt and C$32.3 million in cash and short-term investments, net debt of C$52.3 million. It returned C$1.1 million to shareholders: C$0 in dividends and C$1.1 million in share buybacks, 6% of free cash flow.
See the ORIO income statement, the ORIO chart for price history, or the ORIO stock overview for the latest quote and news.
ORIO key metrics FAQ
What is Orion Digital's return on equity?
Orion Digital's return on equity (ROE) was −11.1% in fiscal 2025: net income of -C$8.5 million on average shareholders' equity of C$76.8 million.
What is Orion Digital's ROIC?
Orion Digital's return on invested capital was −2.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Orion Digital have?
Orion Digital had total debt of C$84.6 million at the end of fiscal 2025, a debt-to-equity ratio of 1.17 and C$52.3 million of net debt (6.10 times EBITDA).
Does Orion Digital buy back its shares?
Yes. Orion Digital spent C$1.1 million on net share repurchases in fiscal 2025.
What is Orion Digital's current ratio?
Orion Digital's current ratio was 1.49 at the end of fiscal 2025: current assets were 1.49 times current liabilities.