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Financial statements

Orion Digital Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data Orion Digital Corp. files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue49.945.556.659.844.257.568.965.271.2
Cost of revenue19.211.916.918.88.7511.522.718.624.5
Gross profit30.733.639.64135.54646.246.746.7
Selling and marketing11.326.528.620.220.3
Operating income-3.651.14-35.5-33.6-3.88-3.71
Interest expense3.480.540.570.630.413.94
Pre-tax income-13.4-33.4-166-18.3-14
Income tax0-0.23-0.34-0.4-0.34
Net income-10.8-13.4-33.2-166-17.9-13.7
EBITDA4.49.55-22.8-20.95.194.71
EPS, basic-0.94-1.07-0.97-0.42-0.47-0.53-2.17-0.72-0.56
EPS, diluted-0.94-1.07-0.97-0.42-0.47-0.53-2.17-0.72-0.56

Balance sheet

FY2016FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash and equivalents18.640.620.410.412.167.829.316.18.53
Property, plant and equipment6.246.359.068.25.326.096.440.991.06
Lease right-of-use assets4.823.883.432.620.67
Goodwill070.138.438.438.4
Total assets135132151104394221208190
Accounts payable7.479.4511.37.8420.82124.122.2
Total liabilities12114114999.2124111114108
Retained earnings-63.6-90.8-102-115-148-314-332-346
Total equity5.713.8-8.691.755.2427011193.781.2
Total liabilities and equity135132151104394221208190

Cash flow statement

FY2016FY2018FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Net income-10.8-13.4-33.2-166-17.9-13.7
Depreciation and amortization2.713.496.888.058.4112.712.69.078.42
Cash from operations-12.7-21.4-29.2-15.243.8-31.1-27-9.17-1.27
Capital expenditures-0.93-0.4-3.41-0.65-0.02-0.46-0.46-0.21-0.08
Cash from investing-7.34-5.42-11.1-9.09-4.97-39.6-9.15-3.09-2.79
Debt issued5.0810.618.4-0.23
Debt repaid-0.23-38.9-2.39-2.19
Cash from financing6.9748.720.114.3-37.1126-3.08-0.86-3.52
Exchange rate effect00.460.74-0.02-0.02
Net change in cash-13.121.9-20.1-101.755.6-38.5-13.1-7.6
Free cash flow-13.7-21.8-32.6-15.943.8-31.6-27.5-9.38-1.35
Interest paid-12.9-14.917.58.647.977.919.679.98

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin65.6%Gross profit / revenue.
Operating margin-5.2%Operating income / revenue.
EBITDA margin6.6%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-19.7%Pre-tax income / revenue.
Net margin-19.2%Net income / revenue.
FCF margin-1.9%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-1.8%Cash from operations / revenue.
Return on assets (ROA)-6.9%Net income / average total assets.
Capex / revenue0.1%Capital expenditures / revenue.
D&A / revenue11.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y9.2%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y7.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y3.6%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y0.0%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y0.5%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y2.6%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y-9.2%EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 5y1.4%Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-8.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-21.6%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y4.6%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets57.2%Total liabilities / total assets.
Goodwill and intangibles / assets20.2%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.36xRevenue / average total assets.
Fixed asset turnover69.3xRevenue / average property, plant and equipment.
Days payables345 days365 x average accounts payable / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-CA$0.56Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-CA$0.56Net income per basic share, as reported (split-adjusted).
What was Orion Digital Corp.'s revenue in fiscal 2024?

Orion Digital Corp. reported revenue of CA$71.2M for fiscal 2024, 9.2% higher than the year before.

Was Orion Digital Corp. profitable in fiscal 2024?

No. It reported a net loss of CA$13.7M.

How much free cash flow did Orion Digital Corp. generate in fiscal 2024?

Cash from operations of CA$1.3M minus capital expenditures of CA$79.0K left free cash flow of -CA$1.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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