08:19 AM EDT, 08/07/2025 (MT Newswires) -- Mogo Inc. ( MOGO ) , a digital wealth and payments business, was at last look up 7% in US premarket trade Thursday as it swung to a second quarter profit, despite lower total subscription and services revenue, while it reiterated its full-year financial guidance as previously communicated with its year end results on March 20, 2025.

For Q2, Mogo ( MOGO ) had net income of $13.5 million -- compared to a loss of $12.44 million a year earlier -- driven by mark-to-market gains including $12.7 million from the revaluation of Mogo's ( MOGO ) WonderFi position, following the announced acquisition of WonderFi by Robinhood.

Among other highlights, Mogo ( MOGO ) reported total subscription and services revenue of $10.397 billion, down from $10.436 billion. It had Adjusted EBITDA of $1.9 million (11.4% margin), up from $1.1 million in Q1 2025 and $1.4 million in Q2 2024. It also had Operating Cash Flow of $0.9 million and $6.2 million before investment in loan receivables.

"We continued to strengthen and expand our Intelligent Investing wealth platform during the second quarter," said David Feller, Founder & CEO. "The growth we're seeing reflects a shift in investor behavior -- a growing preference for long-term discipline over short-term speculation. Our platform is designed to meet that shift head-on."

"We also began moving forward with our plan to enable crypto trading alongside equities," added Feller. "If approved, Mogo ( MOGO ) would become one of only two companies in Canada authorized to offer both asset classes through a single, integrated, regulated platform. This is not just a product expansion, it's the foundation for a structural moat."

"This was one of our strongest quarters ever; profitable, cash-flow positive, and increasingly aligned with our long-term capital strategy," said Greg Feller, President & CFO. "We began our Bitcoin treasury strategy in 2024, and in Q2 we expanded both its scale and strategic focus. Following the quarter, we increased our bitcoin holdings using proceeds from the approximately $14 million partial monetization of our WonderFi position. That's a real-time example of our dual-compounding strategy at work: combining long-term operational growth with strategic capital appreciation. With our remaining investment portfolio and our growing Bitcoin reserve, this approach is becoming a core pillar of our long-term shareholder value creation strategy."