Orion Digital Reports Q1 2026: Adjusted EBITDA + 46% YoY, Revenue + 97% YoY; New Smart Planting System Released

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Non-IFRS Financial Measures

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This press release refers to certain non-IFRS financial measures. These measures are not recognized measures under IFRS, they do not have a fixed definition determined by IFRS and therefore are less likely to be compared with similar measures presented by other companies. These measures are provided as additional information to complement the IFRS financial measures contained herein by providing additional metrics to understand the Company’s operating results from management’s perspective. Accordingly, they should not be considered alone or as a substitute for an analysis of our financial information reported under IFRS. We use non-IFRS financial measures, including adjusted revenue, adjusted subscription and service revenue, adjusted fee revenue, adjusted subscription and service revenue, adjusted EBITDA, adjusted net (loss) income, cash provided (used) in operating activities before investment in gross loan receivables, to provide investors with additional measures of our performance and thus visibility so that it is not is the state of the business in IFRS financial measures. We also use non-IFRS financial measures to facilitate comparisons of operating performance from period to period, prepare annual operating budgets and assess our ability to meet our capital expenditures and working capital requirements. For more information, please see “Non-IFRS Financial Measures” in our management’s discussion and analysis for the period ended March 31, 2026, available at

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The following tables show a reconciliation of each non-IFRS financial measure to the most comparable IFRS financial measure.

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Adjusted Net Income

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Adjusted Revenue for Subscriptions and Services

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Adjusted Fee Income

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Fixed additional revenue for subscriptions and services

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Adjusted EBITDA

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Cash Provided (used) Activities Before Investments Total Earnings

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Forward-Looking Statements

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This news release contains “forward-looking statements” within the meaning of applicable securities law, including statements regarding the Company’s capital allocation strategy, Orion Digital’s strategic plans including with respect to wealth management and payment platforms and the financial outlook for 2026. Forward-looking statements are generally identified by words such as “may”, “likely”, “likely” “anticipate”, “believe”, “expect”, “intend”, “possible”, “estimate”, “budget”, “planned”, “plans”, “planned”, “forecasts”, “goals” and similar expressions. Forward-looking statements are actually based on a number of estimates and assumptions that, although management considered reasonable 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 could cause actual financial results, performance or achievements to differ materially from the estimated future results, performance or achievements expressed or implied by such forward-looking statements and forward-looking statements are not guarantees of future performance. Orion Digital’s growth, its ability to expand into new products and markets and its future financial performance expectations are subject to a number of conditions, many of which are beyond 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 prospectus, available at

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. 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.

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Information about the company Orion Digital Corp.

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View the source version at businesswire.com:

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