Revenue Growth
MeridianLink achieved $81.5 million in total revenue, representing a 5% growth year-over-year.
Adjusted EBITDA and Margin
The company reported an adjusted EBITDA of $34.8 million, resulting in a 43% adjusted EBITDA margin.
Customer and Market Expansion
MeridianLink expanded its customer base to nearly 2,000 financial institutions and CRAs, and processed 28 million consumer loan applications in 2024.
Product and Platform Enhancements
Enhancements to the MeridianLink One platform included streamlining deposit account applications, reducing time for secondary accounts by 70%.
Mortgage Lending Success
Completed 15 mortgage lending deals, up nearly 90% year-over-year, marking the highest count in over two years.
Financial Health and Cash Flow
Generated $40.6 million of free cash flow, which is 50% of revenue, and ended the quarter with $128.9 million in cash and equivalents.