MeridianLink Inc., a provider of software platforms for financial institutions, reported its first quarter 2025 financial results. The company achieved a total revenue of $81.5 million, marking a 5% increase year-over-year. This growth was primarily driven by lending software solutions revenue, which rose by 10% to $67.1 million compared to the same period last year. MeridianLink reported an operating income of $3.6 million, representing 4% of its revenue. However, the company recorded a net loss of $4.7 million, equating to (6)% of its revenue. The adjusted EBITDA stood at $34.8 million, or 43% of revenue. Additionally, cash flows from operations were $42.4 million, accounting for 52% of revenue, while free cash flow was $40.6 million, or 50% of revenue. In terms of business updates, MeridianLink welcomed Troy Coggiola as its new Chief Strategy Officer, effective April 21, 2025. Mr. Coggiola is expected to drive product innovation, partnerships, and acquisitions. The company also noted continued strength in its cross-sell strategy and reported fifteen new mortgage lending deals. Moreover, the implementation of MeridianLink® Mortgage at Solarity Credit Union has led to a reduction in processing time by a third, thereby boosting operational efficiency. MeridianLink announced that Larry Katz will take over as Chief Executive Officer, succeeding Nicolaas Vlok, effective October 1, 2025. For the full year 2025, the company maintains its revenue outlook in the range of $326.0 million to $334.0 million and adjusted EBITDA guidance between $131.5 million and $137.5 million.