Mogo Historical Income Statement
| MOGO Stock | CAD 1.93 0.01 0.52% |
Historical analysis of Mogo income statement accounts such as Total Revenue of 49 M can show how well Mogo Inc performed in making a profits. Evaluating Mogo income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Mogo's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Mogo Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mogo Inc is a good buy for the upcoming year.
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About Mogo Income Statement Analysis
Mogo Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Mogo shareholders. The income statement also shows Mogo investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Mogo Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Mogo Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Mogo Inc minus its cost of goods sold. It is profit before Mogo operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Mogo's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Mogo Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 25th of January 2025, Interest Expense is likely to grow to about 11.6 M, while Depreciation And Amortization is likely to drop about 9.9 M.
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 46.2M | 46.3M | 53.2M | 34.1M | Total Revenue | 68.9M | 64.8M | 74.6M | 49.0M |
Mogo income statement Correlations
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Mogo Account Relationship Matchups
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Mogo income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 43.7M | 78.9M | 104.1M | 9.1M | 10.4M | 9.9M | |
| Selling General Administrative | 10.4M | 28.5M | 28.9M | 16.9M | 19.5M | 13.8M | |
| Selling And Marketing Expenses | 4.8M | 16.5M | 11.2M | 3.3M | 3.8M | 3.6M | |
| Total Revenue | 44.2M | 57.5M | 68.9M | 64.8M | 74.6M | 49.0M | |
| Gross Profit | 35.5M | 46.0M | 46.2M | 46.3M | 53.2M | 34.1M | |
| Other Operating Expenses | 43.1M | 91.5M | 102.4M | 69.1M | 79.5M | 59.0M | |
| Operating Income | 2.3M | (33.9M) | (33.5M) | (3.9M) | (3.5M) | (3.7M) | |
| Ebit | (41.6M) | (83.4M) | (147.6M) | (11.3M) | (10.1M) | (10.6M) | |
| Research Development | 13.0M | 10.7M | 13.0M | 10.6M | 12.2M | 10.3M | |
| Ebitda | 2.1M | (4.5M) | (43.5M) | (2.2M) | (2.0M) | (2.1M) | |
| Total Operating Expenses | 34.4M | 80.0M | 79.7M | 50.5M | 58.1M | 44.1M | |
| Income Before Tax | (13.4M) | (33.4M) | (166.0M) | (18.3M) | (16.5M) | (17.3M) | |
| Net Income | (27.0M) | (33.2M) | (165.7M) | (17.9M) | (16.1M) | (16.9M) | |
| Interest Expense | 12.4M | 9.2M | 5.9M | 7.0M | 8.1M | 11.6M | |
| Net Income From Continuing Ops | (13.4M) | (33.2M) | (165.7M) | (17.9M) | (16.1M) | (16.9M) | |
| Cost Of Revenue | 8.7M | 11.5M | 22.7M | 18.6M | 21.3M | 16.8M | |
| Total Other Income Expense Net | (14.6M) | 2.1M | (132.4M) | (14.4M) | (13.0M) | (13.6M) | |
| Net Income Applicable To Common Shares | (10.8M) | (13.4M) | (33.2M) | (165.7M) | (149.1M) | (141.7M) | |
| Income Tax Expense | 13.5M | (232K) | (336K) | (400K) | (460K) | (437K) | |
| Net Interest Income | (12.4M) | (11.5M) | (8M) | (10.5M) | (12.1M) | (12.7M) | |
| Reconciled Depreciation | 8.4M | 12.7M | 12.6M | 9.1M | 10.4M | 9.7M |
Pair Trading with Mogo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mogo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mogo will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Mogo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mogo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mogo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mogo Inc to buy it.
The correlation of Mogo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mogo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mogo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mogo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.