Meridianlink, Inc. ( (MLNK) ) has released its Q1 earnings. Here is a breakdown of the information Meridianlink, Inc. presented to its investors.
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MeridianLink, Inc. is a prominent provider of cloud-based software solutions for financial institutions and consumer reporting agencies, specializing in digital lending, account opening, background screening, and data verification. The company leverages its unified data platform, MeridianLink One, to support growth and compliance for its diverse clientele.
In its first quarter of 2025, MeridianLink reported a total revenue of $81.5 million, marking a 5% increase year-over-year. The growth was primarily driven by its lending software solutions, which saw a 10% rise in revenue. The company also announced a leadership transition, with Larry Katz set to succeed Nicolaas Vlok as CEO in October 2025.
Key financial metrics from the quarter include an operating income of $3.6 million and a non-GAAP operating income of $19.1 million. Despite a net loss of $4.7 million, the company achieved an adjusted EBITDA of $34.8 million. Cash flow from operations was strong at $42.4 million, representing 52% of total revenue, with free cash flow at $40.6 million.
Strategically, MeridianLink continued to expand its market presence with significant bookings momentum, particularly in mortgage lending solutions. The company enhanced its platform to improve efficiency for financial institutions, exemplified by Solarity Credit Union’s successful implementation of MeridianLink Mortgage.
Looking ahead, MeridianLink maintains its financial guidance for 2025, projecting revenue between $326 million and $334 million. The company remains focused on product innovation and strategic initiatives to drive long-term value for its stakeholders.