MeridianLink, Inc. Reports Steady Growth in 2024

Meridianlink, Inc. ( (MLNK) ) has released its Q4 earnings. Here is a breakdown of the information Meridianlink, Inc. presented to its investors.

MeridianLink, Inc. is a prominent provider of cloud-based software solutions for financial institutions and consumer reporting agencies, specializing in digital lending, account opening, and data verification platforms. The company recently released its financial results for the fourth quarter and fiscal year 2024, showcasing a steady growth trajectory despite economic challenges.

For the fourth quarter of 2024, MeridianLink reported a revenue of $79.4 million, marking a 7% increase compared to the previous year. The company’s lending software solutions contributed significantly to this growth, with a revenue of $63.8 million, also up by 7% year-over-year. Despite an operating loss of $0.2 million, the company achieved a non-GAAP operating income of $17.8 million, representing 22% of its revenue.

Throughout the fiscal year 2024, MeridianLink generated a total revenue of $316.3 million, a 4% increase from the previous year. The lending software solutions segment saw a 7% rise, reaching $249.3 million. While the company faced a net loss of $29.8 million, it maintained a strong adjusted EBITDA of $130.7 million, equating to 41% of its revenue. The company also reported robust cash flows from operations, amounting to $77.8 million.

Looking ahead, MeridianLink’s management remains optimistic about the company’s growth prospects. With a newly approved stock repurchase program and strategic investments aimed at driving demand and accelerating revenue growth, the company is well-positioned to scale its operations in 2025 and beyond.