09:32 AM EST, 11/07/2025 (MT Newswires) -- Mogo ( MOGO ) , a digital wealth and payments business, on Friday reported a narrowed adjusted net loss in the third quarter and raised its adjusted EBITDA guide for 2025.

U.S.-listed shares of the company were last seen down 11.3% at US$1.26 in pre-market trading.

For the three-months ended Sept. 30, adjusted net loss was C$3.4 million compared with $6.3 million, a year earlier, primarily due to a $3.0 million revaluation loss on marketable securities and private investments.

Total revenue decreased to $17.0 million in the quarter compared with $17.7 million, a year-ago, but beat a consensus estimate compiled by FactSet of $16.1 million.

"Our Q3 results reflect sustained momentum across our two core growth pillars, wealth and payments, which continue to scale organically and are well-positioned for profitable expansion into 2026," said Mogo ( MOGO ) Chief Financial Officer Greg Feller. "With the wind-down of our legacy trading business now behind us and continued execution of our Bitcoin treasury strategy, we're entering 2026 with a stronger foundation and multiple tailwinds supporting our momentum."

The company also recorded Assets Under Management of $498 million. Mogo ( MOGO ) increased its Bitcoin holdings in Q3 by over 300% from Q2, reaching $4.7 million, funded through excess cash and the monetization of investments while maintaining operational liquidity.

Revenue guidance for fiscal 2025 was reiterated and its full-year 2025 adjusted EBITDA guidance was increased to $6-7 million from $5-6 million.

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