Orion Digital (ORIO) Operating Expenses (2017 - 2026)
Orion Digital (ORIO) posted Operating Expenses of $9.0 million for Q1 2026, up 2.65% on a QoQ basis from $8.8 million in Q4 2025, and little changed year-over-year from $9.1 million in Q1 2025.
Orion Digital (ORIO) Operating Expenses (2017 - 2026) Analysis & Trends
Orion Digital's Operating Expenses history runs 10 years deep, the most recent figure standing at $9.0 million for Q1 2026.
- Quarterly Operating Expenses changed 0.4% year-over-year to $9.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $36.0 million (changed 0.29% YoY) and the FY2025 annual result came in at $36.1 million, down 1.99% from the prior year.
- Operating Expenses was $9.0 million for Q1 2026 at Orion Digital, up from $8.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $19.5 million in Q1 2022 and bottomed at $8.2 million in Q4 2024.
- A 5-year average of $10.6 million and a median of $9.2 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 78.84% — and 2023, when it sank 48.63%.
- Orion Digital's Operating Expenses stood at $11.4 million in 2022, then declined by 24.82% to $8.6 million in 2023, then declined by 4.05% to $8.2 million in 2024, then advanced by 6.66% to $8.8 million in 2025, then increased by 2.65% to $9.0 million in 2026.
- Business Quant data shows ORIO's Operating Expenses at $9.0 million in Q1 2026, $8.8 million in Q4 2025, and $9.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Orion Digital | 15.29 Bn | 15.27 Bn | 8.49 Mn | 9.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.02 Mn |
| Dec 31, 2025 | 8.78 Mn |
| Sep 30, 2025 | 8.98 Mn |
| Jun 30, 2025 | 9.23 Mn |
| Mar 31, 2025 | 9.05 Mn |
| Dec 31, 2024 | 8.24 Mn |
| Sep 30, 2024 | 9.01 Mn |
| Jun 30, 2024 | 9.61 Mn |
| Mar 31, 2024 | 9.98 Mn |
| Dec 31, 2023 | 8.58 Mn |
| Sep 30, 2023 | 9.12 Mn |
| Jun 30, 2023 | 9.76 Mn |
| Mar 31, 2023 | 10.00 Mn |
| Dec 31, 2022 | 11.42 Mn |
| Sep 30, 2022 | 14.16 Mn |
| Jun 30, 2022 | 16.62 Mn |
| Mar 31, 2022 | 19.46 Mn |
| Dec 31, 2021 | 18.68 Mn |
| Sep 30, 2021 | 17.60 Mn |
| Jun 30, 2021 | 17.97 Mn |