Vancouver-based Orion Digital reported strong financial growth in the first quarter of 2026, with adjusted EBITDA increasing 46% year-over-year and cash rising 97% compared to the same period last year, according to results released through Business Wire.
The digital financial services company also announced the launch of its new Intelligent Investing App during the quarter.
Financial Performance
Total cash, marketable securities and investments reached $35.4 million as of the end of Q1 2026. The company's wealth management division showed steady growth with assets under management (AUM) of $495.6 million, representing a 14% increase year-over-year.
Wealth revenue totaled $3.9 million for the quarter, up 12% from the same period in 2025. The company's European payments division processed $2.7 billion in volume, marking a 12% year-over-year increase.
Geographic and Reporting Standards
Orion Digital reports its financial results in Canadian dollars and follows International Financial Reporting Standards (IFRS). The company is headquartered in Vancouver, British Columbia.
Business Segments
The company operates multiple business lines including wealth management services and European payment processing. The wealth management segment generated $3.9 million in revenue during Q1 2026, while managing nearly half a billion dollars in client assets.
The European payments business processed $2.7 billion in transaction volume, indicating continued growth in the company's cross-border payment services.
Product Development
During the first quarter, Orion Digital released its Intelligent Investing App, expanding its digital offerings in the financial technology space. The app represents the company's continued investment in technology-driven financial services.
The strong cash position of $35.4 million in total cash, marketable securities and investments provides the company with resources for continued operations and potential expansion of its wealth management and payments businesses.
