Revenue and Growth
MeridianLink achieved $81.5 million in total revenue, a 5% growth year-over-year. Adjusted EBITDA was $34.8 million, representing a 43% adjusted EBITDA margin.
Expansion and Innovation
The company expanded its customer base to nearly 2,000 financial institutions and CRAs, and grew its partner marketplace to over 600 partners. It also emphasized innovation in consumer and mortgage sectors.
Leadership Transition
Larry Katz will assume the role of CEO on October 1, following a planned transition. Under Nicolaas Vlok’s leadership, the company expanded significantly, and Katz is expected to continue this trajectory.
Customer Success and Engagement
Positive feedback was received during the MeridianLink LIVE! conference, which hosted over 1,300 attendees, highlighting strong customer engagement and satisfaction.
Consumer Lending Growth
Consumer lending revenue grew 11% year-over-year, driven by ACV release and an uptick in volumes, particularly in automotive.