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Jun 30, 2024
MeridianLink Q2 2024 Earnings Report
MeridianLink's second quarter performance reflected resilience and continued demand for MeridianLink One.
Key Takeaways
MeridianLink reported a 4% year-over-year increase in revenue to $78.7 million, driven by an 11% increase in lending software solutions revenue. The company's operating loss was $(1.1) million, while non-GAAP operating income was $15.5 million. MeridianLink returned $29.9 million to stockholders via stock repurchases.
Revenue increased by 4% year-over-year, reaching $78.7 million.
Lending software solutions revenue grew by 11% year-over-year, totaling $61.6 million.
The company had an operating loss of $(1.1) million, but a non-GAAP operating income of $15.5 million.
MeridianLink repurchased 1.6 million shares, returning $29.9 million to stockholders.
MeridianLink
MeridianLink
MeridianLink Revenue by Segment
Revenue by Segment
Lending Software Solutions Revenue
CapyFin.comData Verification Software Solutions Revenue
CapyFin.com Forward Guidance
The Company issues third quarter financial guidance and updates full year 2024 financial guidance.
Positive Outlook
- Third quarter revenue is expected to be in the range of $78.0 to $81.0 million.
- Third quarter adjusted EBITDA is expected to be in the range of $30.0 to $33.0 million.
- Full year revenue is expected to be in the range of $312.0 to $318.0 million.
- Full year adjusted EBITDA is expected to be in the range of $123.0 to $128.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income