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Dec 31, 2024
MeridianLink Q4 2024 Earnings Report
MeridianLink reported strong Q4 2024 revenue growth and improved profitability metrics.
Key Takeaways
MeridianLink's Q4 2024 revenue increased 7% year-over-year to $79.4 million, driven by demand for digital lending solutions. Lending software solutions revenue grew 7% to $63.8 million, while data verification software solutions revenue increased 4% to $15.6 million. The company reported a net loss of $7.7 million, while non-GAAP net income reached $5.9 million. Free cash flow stood at $12.1 million, reflecting solid cash generation.
Q4 2024 revenue grew 7% year-over-year to $79.4 million.
Lending software solutions revenue increased 7% to $63.8 million.
Net loss of $7.7 million, but non-GAAP net income reached $5.9 million.
Free cash flow totaled $12.1 million, representing 15% of revenue.
MeridianLink
MeridianLink
MeridianLink Revenue by Segment
Revenue by Segment
Lending Software Solutions Revenue
CapyFin.com Forward Guidance
MeridianLink expects steady growth in fiscal 2025, with revenue projected to increase and continued investments in digital lending solutions.
Positive Outlook
- FY 2025 revenue expected between $326M and $334M.
- Adjusted EBITDA forecasted between $131.5M and $137.5M.
- Strong pipeline with record bookings in Q4 2024.
- Continued expansion in digital lending and verification services.
- Stock repurchase program of up to $129.5M authorized.
Challenges Ahead
- Macroeconomic conditions may impact financial institutions' spending.
- Higher operating expenses could pressure profitability in early 2025.
- Interest expense remains a headwind due to debt levels.
- Potential regulatory changes could affect data verification services.
- Competitive pressures in digital lending may lead to pricing adjustments.