MeridianLink, Inc. announced its financial results for the first quarter ended March 31, 2025, on May 12, 2025. The company reported total revenue of $81.5 million, a 5% increase year-over-year. Lending Software Solutions revenue grew 10% year-over-year to $67.1 million. Cash flow from operations was $42.4 million, representing 52% of revenue, and free cash flow was $40.6 million, or 50% of revenue. The company reported an adjusted net income of 9 cents per share, beating estimates, while the GAAP net loss was 6 cents per share.
Concurrently, MeridianLink announced that Larry Katz, current President, will succeed Nicolaas Vlok as Chief Executive Officer, effective October 1, 2025. Mr. Vlok, who became CEO in 2019, will continue to serve on MeridianLink’s Board of Directors after the transition. Additionally, Troy Coggiola joined MeridianLink as Chief Strategy Officer in April 2025, to elevate the company's growth strategies.
The company's full year 2025 financial guidance remains unchanged, with GAAP revenue expected between $326 million and $334 million, and Adjusted EBITDA between $131.5 million and $137.5 million. Larry Katz stated that the solid bookings were driven by an increased mix of larger deals, continued cross-sell momentum, and accelerated demand for mortgage lending solutions, underscoring the company's commitment to product innovation and customer success.
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