Mogo Income Statement 2024-2011 | MOGO

Brief overview of income trends at Mogo

This overview is based on financial performance over the past five years. According to figures from Mogo, revenue changed from 59.8 million Canadian dollars to 71.2 million Canadian dollars over five years. The total change was +19.1%, with a CAGR of approximately 3.6%. The revenue trend is close to stagnation.

The gross result shifted from 41 million Canadian dollars to 46.7 million Canadian dollars, or +13.8%. Direct costs outpaced revenue, limiting the benefit of changes in sales. Gross profit as a share of revenue changed from 68.6% to 65.6%. The margin decline reflects a less favorable sales-and-cost structure.

The five-year EBITDA result moved by −1.5%: from −3.7 million Canadian dollars to −3.7 million Canadian dollars. Operating performance weakened relative to revenue. At the operating-margin level, the figure shifted from −6.1% to −5.2%. The EBITDA margin stayed near its previous level.

The final result was −10.8 million Canadian dollars initially and −13.7 million Canadian dollars in the final year. The negative result deepened, showing weaker final efficiency.

Market capitalization changed from 68 million Canadian dollars to 19.5 million Canadian dollars (−71.3%). Capitalization grew more slowly than the underlying results.

Overall conclusion

The current trajectory does not yet confirm a sustainable recovery. Key strengths include consistent operating efficiency. The main areas of concern are a low EBITDA margin, pressure from direct costs and lower net income. The key question is whether sales can be converted into sustainable profit.