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MeridianLink (MLNK) investor relations material
MeridianLink Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 8% year-over-year to $166.1 million for the six months ended June 30, 2025, led by Lending Software Solutions growth.
Net loss narrowed to $7.7 million for the six months, with Q2 net loss at $3.0 million.
Gross profit increased 8% year-over-year to $110.8 million, with Q2 gross profit at $57.1 million.
A definitive merger agreement was signed in August 2025 to be acquired for $2.0 billion ($20.00 per share), pending approvals.
CEO transition announced, with Laurence E. Katz (Larry Katz) to become CEO effective October 1, 2025.
Financial highlights
Q2 2025 revenue was $84.6 million, up 8% from Q2 2024, with lending software revenue up 12% and data verification down 7%.
Adjusted EBITDA for Q2 2025 was $38.4 million (45% margin), up from $31.8 million in Q2 2024.
Gross margin for Q2 2025 was 67.5%, up from 64.2% in Q2 2024.
Cash flow from operations for the first half of 2025 was $61.5 million; Q2 free cash flow margin was 20%.
Non-GAAP net income for Q2 2025 was $10.3 million (12% margin), up from $3.0 million year-over-year.
Outlook and guidance
The company suspended full-year 2025 guidance due to the pending acquisition.
The pending merger is expected to impact future reporting; no material impact anticipated from recent tax legislation.
Management is monitoring macroeconomic conditions, including elevated interest rates and inflation.
- Q1 2025 revenue reached $81.5M with 85% from subscriptions and robust profitability.MLNK
Investor Presentation - Strong cross-sell growth and disciplined cost management position the business for future expansion.MLNK
UBS Global Technology and AI Conference - Q3 revenue up 5% to $80.4M, 42% EBITDA margin, net loss widens, strong buybacks.MLNK
Q3 2024 - Q2 revenue up 4% to $78.7M, 40% EBITDA margin, $29.9M repurchased, net loss widens.MLNK
Q2 2024 - Q1 2025 revenue up 5%, lending software up 10%, 43% EBITDA margin, and $129.5M buyback approved.MLNK
Q1 2025 - Q4 revenue up 7%, FY adjusted EBITDA margin at 41%, and new $129.5M buyback plan announced.MLNK
Q4 2024
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