Orion Digital (ORIO) Operating Expenses (2017 - 2026)
Orion Digital's (ORIO) quarterly Operating Expenses came in at $9.0 million in Q1 2026, little changed YoY from $9.1 million in Q1 2025, and up 2.65% on a QoQ basis from $8.8 million in Q4 2025.
Orion Digital (ORIO) Operating Expenses (2017 - 2026) Analysis & Trends
Orion Digital (ORIO) has 10 years of Operating Expenses data on file, last reported at $9.0 million in 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 grew to $9.0 million in Q1 2026, from $8.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $19.5 million in Q1 2022 to a low of $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 slumped 48.63%.
- Tracing ORIO's Operating Expenses over 5 years: stood at $11.4 million in 2022, then slipped by 24.82% to $8.6 million in 2023, then slipped by 4.05% to $8.2 million in 2024, then rose by 6.66% to $8.8 million in 2025, then climbed by 2.65% to $9.0 million in 2026.
- The last three Operating Expenses figures came in at $9.0 million (Q1 2026), $8.8 million (Q4 2025), and $9.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 13.05 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 726.59 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Orion Digital | 20.27 Mn | 2.96 Mn | 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 |