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Mar 31, 2025
MeridianLink Q1 2025 Earnings Report
MeridianLink reported modest revenue growth and strong free cash flow, despite posting a net loss in Q1 2025.
Key Takeaways
MeridianLink achieved a 5% year-over-year revenue increase in Q1 2025, supported by 10% growth in lending software solutions and efficient cost management. Although the company reported a net loss, free cash flow remained strong, and leadership transition plans were announced.
Revenue rose 5% year-over-year to $81.5 million, driven by lending software.
Net loss was $4.7 million, while non-GAAP net income reached $7.1 million.
Free cash flow was $40.6 million, representing 50% of revenue.
Larry Katz announced as successor to CEO Nicolaas Vlok, effective October 1, 2025.
Revenue by Segment
Forward Guidance
MeridianLink reaffirmed full-year 2025 guidance, maintaining a cautious but optimistic view of growth and profitability.
Positive Outlook
- Full-year revenue guidance of $326M–$334M reaffirmed
- Adjusted EBITDA guidance set at $131.5M–$137.5M
- Strong free cash flow margin of 50% this quarter
- Bookings momentum supported by mortgage lending deals
- Ongoing enhancements to MeridianLink One platform
Challenges Ahead
- Net loss of $4.7M despite top-line growth
- Data verification segment declined 15% YoY
- Mortgage-related revenue decreased to 17% of total
- Continued headwinds in macro environment
- No increase in total assets despite strong cash position
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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