MeridianLink, Inc. has reported its second quarter results for 2025, showing total revenue of $84.6 million, an 8% increase from the same period last year. The strong performance was driven by lending software solutions revenue, which reached $68.7 million, marking a 12% year-over-year growth.
The company's cash flow from operations for the second quarter was $19.2 million, representing 23% of the total revenue. Additionally, the free cash flow stood at $17.1 million, accounting for 20% of the revenue.
In terms of profitability, MeridianLink reported an operating income of $5.2 million, or 6% of revenue, and a non-GAAP operating income of $23.0 million, or 27% of revenue. However, the company also noted a net loss of $(3.0) million, or (4)% of revenue, and adjusted EBITDA of $38.4 million, equivalent to 45% of revenue.
The company also announced its entry into a definitive agreement to be acquired by Centerbridge Partners, L.P. in an all-cash transaction valuing MeridianLink at an enterprise value of approximately $2.0 billion or $20.00 per share.
As a result of the pending acquisition, MeridianLink has cancelled its earnings conference call and suspended its financial guidance for the full year 2025.
These figures indicate a positive growth trajectory for MeridianLink, particularly in its lending software solutions revenue, cash flow from operations, and free cash flow, despite the challenges posed by the uncertain business environment. Following these announcements, the company's shares moved 24.75%, and are now trading at a price of $19.81. Check out the company's full 8-K submission here.
