MeridianLink, Inc. (NYSE: MLNK), a provider of modern software platforms for financial institutions and consumer reporting agencies, reported its first-quarter fiscal year 2025 results. The company achieved total revenue of $81.5 million, reflecting a 5% increase year-over-year. The lending software solutions segment generated $67.1 million, marking a 10% year-over-year uptick.

Adjusted EBITDA for the quarter stood at $34.8 million, representing a 43% adjusted EBITDA margin. Cash flow from operations reached $42.4 million, accounting for 52% of revenue, and free cash flow was $40.6 million, approximately 50% of revenue. The company indicated that subscription revenue, which comprised 84% of total revenue, grew 4% from the previous year.

MeridianLink’s business continued to exhibit strength, with total bookings increasing compared to both the prior quarter and the same quarter last year. Cross-sell and upsell strategies contributed to this growth. The firm noted a favorable demand environment and completed 15 mortgage lending deals, nearly 90% more than a year earlier.

The company expects revenue for the full year 2025 to range between $326 million and $334 million, showing an estimated increase of 3% to 6% from $316.3 million in 2024. MeridianLink maintained its outlook despite the recognized uncertainty in the macroeconomic conditions.

Adjusted EBITDA for 2025 is projected to be between $131.5 million and $137.5 million, with an expected adjusted EBITDA margin of approximately 41%. The revenue growth outlook is driven primarily by a mid-single-digit contribution from annual contract value (ACV) release, balanced against anticipated low single-digit impacts from churn and pricing adjustments.

Overall, the company demonstrated solid performance with continuing efforts in enhancing its platform and customer relations, evidenced by the significant achievements in revenue growth and profitability metrics.