Orion Digital Repurchases One Million Shares

Detailed summary

Orion Digital Corp. announced that it repurchased one million shares of its common shares under the previously announced Nasdaq share repurchase authorization.

This press release is provided by Business Wire and is published as received.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) (“Orion Digital” or the “Company”) today announced that on November 10, 2026, it repurchased one million shares of its common shares under the Company’s previously announced Nasdaq share repurchase authorization, at an average of US$1.15 per share, representing approximately 4% of the common shares outstanding as at September 30, 2026. Following this transaction, the Company has approximately US$5.7 million remaining under the authorization.

The Company intends to continue to evaluate opportunities to repurchase its common shares when it believes prevailing market prices represent an attractive use of capital. Including this most recent transaction, the Company has repurchased 1,245,725 common shares in 2026. Since 2022, the Company has repurchased common shares equivalent to approximately 11% of its common shares outstanding as at September 30, 2026.

“We remain focused on allocating capital where we believe it can generate attractive long-term returns for shareholders,” said Greg Feller, President and CFO. “At current levels, we believe opportunistic share repurchases represent an attractive use of capital given the underlying value and opportunity we see in the business.”

In its recently reported Q3 2026 financial results, the Company generated $2.5 million of operating cash flow and repaid $4.3 million of debt. Orion Digital ended September 30, 2026 with $30.9 million in cash, restricted cash, marketable securities and investments.

This news release contains “forward-looking statements” within the meaning of applicable securities legislation, including statements regarding the Company’s capital allocation strategy, and future share repurchases.

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