MeridianLink Q3 2024 Earnings Report
Key Takeaways
MeridianLink reported Q3 2024 revenue of $80.4 million, a 5% year-over-year increase, driven by a 7% increase in lending software solutions revenue. The company's net loss was $(7.1) million, while adjusted EBITDA reached $33.8 million.
Revenue increased by 5% year-over-year, reaching $80.4 million.
Lending software solutions revenue grew by 7% year-over-year, totaling $63.0 million.
Operating income was $2.6 million, representing 3% of revenue.
The company returned $31.3 million to stockholders through stock repurchases.
MeridianLink
MeridianLink
MeridianLink Revenue by Segment
Forward Guidance
MeridianLink expects Q4 2024 revenue to be in the range of $76.0 million to $80.0 million and adjusted EBITDA to be in the range of $29.5 million to $32.5 million. Full year 2024 revenue is expected to be in the range of $313.0 million to $317.0 million and adjusted EBITDA to be in the range of $127.0 million to $130.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income