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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.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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