We solve the problem first. The vehicle follows.
OCAL Financial is a technology-enabled automotive financing and purchasing platform. We redesigned the entire vehicle purchasing process around the customer's financial eligibility, needs and convenience: approved by a lender first, then the one vehicle that approval supports, sourced through OPENLANE and delivered to the driveway anywhere in the province. Zero standing inventory, no loans on our books, and audited statements on the public record.
A funded vehicle transaction is a retail vehicle sale arranged through OCAL's platform for which the customer's financing contract was funded by a lender and the vehicle was delivered to the customer. The cumulative count is drawn from the Company's transaction records and lender reporting since its first funded transaction in 2021 and is not a measure presented in its financial statements.
WHY INVESTORS LEAN INThe problems OCAL solves
Some people cannot get approved where they shop. Some cannot find the right vehicle at a payment they can carry. Some live hours from the nearest lot. Some have never had financing explained to them. OCAL solves each of these, in that order, and every one solved is a funded transaction.
Read more02Proven commercial traction
More than 1,500 funded vehicle transactions since 2021 and audited revenue of $6.48 million in fiscal 2025, up 19 percent, from two provinces with no growth capital. OCAL generates revenue today; it is not developing a product.
Read more03Operating leverage
The cost base is largely fixed: licences, people, systems and an office that do not grow with the count. In fiscal 2025 revenue rose 18.8 percent and gross profit 32.7 percent while operating expenses fell 9.8 percent, and the operating loss halved. As volume increases the Company has the potential to spread its fixed costs across more vehicle sales. The number that moves is the count.
Read moreFiscal 2025 beside fiscal 2024, from the audited statements
Investors used to spend the first half hour of every call rebuilding OCAL's numbers from scraps. Here are the audited totals for the year ended 31 August 2025 beside the year before (DMCL LLP): revenue up 19 percent, gross profit up 33 percent, operating expenses down 10 percent, the operating loss halved and cash from operations positive. From 10 November 2026, the operating metrics for each closed month are published in a monthly results release under fixed definitions and kept on the Operating metrics page.
| Fiscal year ended 31 August | FY2025 (audited) | FY2024 (audited) | Change |
|---|---|---|---|
| Revenue | $6,480,254 | $5,454,893 | +18.8% |
| Of which vehicle sales | $5,630,980 | $4,774,670 | +17.9% |
| Of which finance, insurance and other | $849,274 | $680,223 | +24.9% |
| Gross profit | $810,751 | $610,787 | +32.7% |
| Gross margin | 12.5% | 11.2% | +1.3 pts |
| Of which gross profit from finance, insurance and other | $701,727 (87% of gross profit) | ||
| Vehicle write-downs included in cost of sales | $353,094 | $67,243 | |
| Operating expenses | $1,114,195 | $1,234,843 | (9.8%) |
| Operating loss | ($303,444) | ($624,056) | Halved |
| Net loss | ($322,090) | ($586,206) | Down 45% |
| Cash from operating activities | $64,121 | ($85,157) | Positive |
| Cash at year end | $266,936 | $161,680 | +65% |
From the audited financial statements for the year ended 31 August 2025 and their FY2024 comparatives (DMCL LLP), filed on SEDAR+. No per-vehicle figures are shown until the first monthly operating update; nothing from fiscal 2026 until the audited statements are filed.
Operating metrics: definitions, cadence and the history. Every figure above is in the statements filed on SEDAR+ under OCAL Financial Inc.; analysts can pull the filed data there. On SEDAR+, search the issuer name OCAL Financial Inc.
LATEST NEWS- OCAL Financial Reports a Historical Repossession Rate Under One Percent, Highlighting the Strength of Its Asset-Light Automotive Financing Platform, and Announces Meeting Date for Its 2026 Annual General and Special MeetingOperating update
- OCAL Financial Introduces OCAL Showroom, a Live Virtual View of Its Dealership OperationsOperations
- OCAL Financial Outlines Its Integrated AI Demand EngineTechnology
- OCAL Financial Surpasses 1,250 Funded Vehicle DealsOperating update
WHERE TO STARTMany of the people who come to us face challenges with financing approval, finding the right vehicle, accessing a dealership or simply understanding their financing options. We solve the problem first and the vehicle follows.
Mehdi Moghareh, Chief Executive Officer
The investment case
The problem, the platform, the solution and the thesis: proven traction, operating leverage, and a roadmap that opens one province at a time.
Read moreCHECKStock and share structure
Live TSXV chart, listings, shares outstanding, warrants, options, escrow and the July 2026 financing.
Read moreVERIFYFinancial reports
Audited FY2025 statements, MD&A, interims and the Filing Statement, with direct SEDAR+ links.
Read moreMEETLeadership and board
One founder ran the dealerships. The other one's family ran the auction. Together they removed everything in between.
Read moreUpcoming
- 10Nov 2026
October 2026 monthly results release (the first monthly operating update)
The first monthly results release: vehicles funded and delivered, average vehicle selling price, gross profit per vehicle and gross margin for October 2026, under the definitions on the Operating metrics page, with the prior month beside each figure.
- 10Dec 2026
Annual general and special meeting of shareholders
9:00 am Vancouver time, Suite 1600, 925 West Georgia Street, Vancouver. Record date 2 November 2026. Business: set the number of directors at four, elect the directors, approve a new omnibus equity incentive plan and reappoint DMCL LLP as auditor. The management information circular and form of proxy are sent to shareholders and filed on SEDAR+ before the meeting; the voting results are posted here afterwards.
- 29Dec 2026
Audited fiscal 2026 results and MD&A (filing deadline)
Year ended 31 August 2026. Statements posted here the day they are filed, with a plain-language summary and an email to the list.
- 29Jan 2027
First quarter fiscal 2027 interim results (filing deadline)
Quarter ended 30 November 2026.
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Thirty minutes with the founders
The next step for a serious investor is a call with Mehdi and Matthew, the Showroom on the screen with live files, and the model behind every number on this site.