Latest news with #LarryKatz
Yahoo
13-05-2025
- Business
- Yahoo
MeridianLink Inc (MLNK) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Market ...
Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. MeridianLink Inc (NYSE:MLNK) achieved a total revenue of $81.5 million, marking a 5% growth year over year. The company reported an adjusted EBITDA of $34.8 million, reflecting a strong 43% adjusted EBITDA margin. MeridianLink Inc (NYSE:MLNK) has successfully transitioned its solutions from on-premise to the cloud, establishing its platform, MeridianLink 1, as a market leader. The company has expanded its customer base to nearly 2,000 financial institutions and credit reporting agencies. MeridianLink Inc (NYSE:MLNK) has built a robust partner marketplace with over 600 partners, enhancing its ecosystem. The macroeconomic environment remains uncertain, which could impact future financial performance. Services revenue declined by 4% year over year, primarily due to a one-time core upgrade program. Data verification software solutions revenue declined by 15% year over year, impacted by a large customer downsell. The company anticipates a modest deceleration in revenue growth in the second half of the year. There is a potential headwind from tariffs affecting the auto lending vertical, which could impact future demand. Warning! GuruFocus has detected 4 Warning Signs with MLNK. Q: Larry, could you provide more color on the strategic changes you're planning as the new CEO? Are these new initiatives or a continuation of existing strategies? A: Larry Katz, President: It's a continuation of our strategy with a focus on accelerating growth. We're emphasizing product breadth and depth, making it easier to do business with us, and strengthening our talent. These strategies are crucial for scaling and competing effectively. Q: How are you managing the demand backdrop given the macroeconomic variability, especially regarding ACV release? A: Larry Katz, President: Our pipeline remains strong and healthy. While we see some softness at the top of the funnel, we haven't noticed changes in sales cycles. We expect potential softness in new logos due to the uncertainty, but cross-sells remain robust. Q: Can you discuss the growth and customer profile changes in the consumer lending business? A: Larry Katz, President: Growth is driven by ACV release, both from cross-sell and new logos. Our platform is recognized as a leader, and we're seeing success with larger AUM clients, demonstrating the platform's scalability and value. Q: What are your expectations for the auto lending vertical in 2025, considering potential tariffs? A: Elias Olmeda, CFO: We anticipate 7% year-over-year growth in consumer lending, acknowledging uncertainty in auto lending. We saw some volume improvement, but we're cautious about potential pull-forward effects due to tariffs. Q: What is your approach to M&A given your current cash position and market conditions? A: Larry Katz, President: M&A is core to our strategy, focusing on tuck-ins, near adjacencies, and transformational deals. We have a strong balance sheet and are disciplined in evaluating opportunities, looking for the right deals at the right price. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
12-05-2025
- Business
- Business Wire
MeridianLink Reports First Quarter 2025 Results
COSTA MESA, Calif.--(BUSINESS WIRE)-- MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced financial results for the first quarter ended March 31, 2025. MeridianLink® also announced today that Larry Katz, MeridianLink's President, will succeed Nicolaas Vlok as Chief Executive Officer effective October 1, 2025. Mr. Vlok, who became Chief Executive Officer in 2019, will continue to serve on MeridianLink's Board of Directors after the transition. 'We are pleased with our first quarter results, which underscore our ability to manage our business amidst an unpredictable macro backdrop," said Larry Katz, current President and incoming Chief Executive Officer. 'We benefited from a favorable demand environment as customers turned to MeridianLink for solutions that serve their consumers and communities. Our solid bookings were driven by an increased mix of larger deals, continued cross-sell momentum, and accelerated demand for mortgage lending solutions. As the most trusted, comprehensive and scalable platform for community financial institutions, we remain committed to product innovation and customer success. With a strong foundation and a market-leading position, I'm honored and energized to shape MeridianLink's next chapter as we execute on strategic initiatives that will deliver long-term value to our customers, partners, and shareholders.' 'We've accomplished a lot over the last years, expanding the business meaningfully, growing revenue from approximately $150 million in 2019 to $330 million at the midpoint of guidance for 2025. We shifted our solutions from on-premise to the cloud, and established our platform, MeridianLink® One, as the market leader, today, and grew our customer base to nearly 2,000 financial institutions and CRAs,' said Nicolaas Vlok, Chief Executive Officer of MeridianLink. 'Now, Larry will lead us into MeridianLink's next chapter. He's an operator with deep experience in both consumer finance and SaaS, and at companies that have operated at scale. I couldn't be more confident in Larry as my successor, and together with the rest of our team, they will position the company to thrive in its next phase of profitable growth.' Quarterly Financial Highlights: Revenue of $81.5 million, an increase of 5% year-over-year Lending software solutions revenue of $67.1 million, an increase of 10% year-over-year Operating income of $3.6 million, or 4% of revenue, and non-GAAP operating income of $19.1 million, or 23% of revenue Net loss of $(4.7) million, or (6)% of revenue, and adjusted EBITDA of $34.8 million, or 43% of revenue Cash flows from operations of $42.4 million, or 52% of revenue, and free cash flow of $40.6 million, or 50% of revenue Business and Operating Highlights: MeridianLink welcomed Troy Coggiola as its new Chief Strategy Officer on April 21, 2025. Mr. Coggiola brings industry expertise and will help the Company meet customers' needs through product innovation, partnerships, and acquisitions. We achieved solid bookings momentum through our land and expand strategy, highlighted by continued strength in cross-sell and fifteen mortgage lending deals selected by new and existing customers. MeridianLink announced the go-live of Solarity Credit Union on MeridianLink® Mortgage, which enabled them to optimize their application to funding process, reduce processing time by a third, and increase operational efficiency. We enhanced MeridianLink One to streamline deposit account applications for returning consumers, reducing secondary account opening time by approximately 70%. Business Outlook Based on information as of today, May 12, 2025, financial guidance for 2025 remains unchanged and is as follows: Full Year 2025: Revenue is expected to be in the range of $326.0 million to $334.0 million Adjusted EBITDA is expected to be in the range of $131.5 million to $137.5 million Conference Call Information MeridianLink will hold a conference call to discuss its first quarter results today, May 12, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The conference call can be accessed by dialing (800) 549-8228 from North America toll-free or the International number of (289) 819-1520 with Conference ID 69715. A live webcast of the conference call can be accessed from the investor relations page of MeridianLink's website at An archived replay of the webcast will be available at the same website following the conclusion of the call. A telephonic replay will be available until 8:59 p.m. Pacific Time (11:59 p.m. Eastern Time) on Monday, May 19, 2025, by dialing (888) 660-6264 from North America or the International number of (289) 819-1325 with Playback Passcode 69715. MeridianLink uses its investor relations website ( press releases, SEC filings, public conference calls and webcasts, blog posts on its website, as well as its social media channels, such as its LinkedIn page ( X (formerly Twitter) feed (@meridianlink), and Facebook page ( as a means of disclosing material information and for complying with its disclosure obligations under Regulation FD. Information contained on or accessible through the websites is not incorporated by reference into this release, and links for these websites are inactive textual references only. About MeridianLink MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink's cloud-based digital lending, account opening, background screening, and data verification software solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike. For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at Operational Measures Definitions We reference bookings, which is an internal operational measure of the business. Bookings is defined as the minimum annual contracted value, or ACV, of newly sold capabilities of our software-as-a-service, or SaaS, products and professional services orders, inclusive of any corresponding fees owed to third parties. Bookings is a useful metric as it reflects the SaaS and services that have not been delivered. Management uses bookings to plan their go-to-market and services activities and inform product development efforts. We reference ACV and ACV release, which are internal operational measures of the business. In any given period, ACV represents the minimum annualized SaaS revenue commitment from fully activated contracts in effect for customers at the end of the applicable period. ACV release is the portion of ACV that is recognized as subscription revenue throughout the twelve-month period beginning on the date after our software solutions are fully implemented. ACV and ACV release are useful to investors in assessing the growth and trajectory of our business. ACV and ACV release are used by management in financial and operational decision-making. Non-GAAP Financial Measures To supplement the financial measures presented in accordance with generally accepted accounting principles, or GAAP, we provide certain non-GAAP financial measures, such as adjusted EBITDA and adjusted EBITDA margin; non-GAAP operating income (loss); non-GAAP net income (loss); non-GAAP cost of revenue; non-GAAP sales and marketing expenses; non-GAAP research and development expenses; non-GAAP general and administrative expenses; and free cash flow. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Rather, we believe that these non-GAAP financial measures, when viewed in addition to and not in lieu of our reported GAAP financial results, provide investors with additional meaningful information to assess our financial performance and trends, enable comparison of financial results between periods, and allow for greater transparency with respect to key metrics utilized internally in analyzing and operating our business. The following definitions are provided: Non-GAAP operating income (loss): GAAP operating income (loss), excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, expenses associated with our public offering, restructuring related costs, expenses for services performed by third party consultants relating to efforts to remediate our material weakness, and third party acquisition related costs. Non-GAAP operating margin is Non-GAAP operating income (loss) divided by total GAAP revenue. Non-GAAP net income (loss): GAAP net income (loss), excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, expenses associated with our public offering, restructuring related costs, expenses for services performed by third party consultants relating to efforts to remediate our material weakness, third party acquisition related costs, and the effect of income taxes, on non-GAAP items. The effects of income taxes on non-GAAP items reflect a fixed long-term projected tax rate of 24%. Non-GAAP net income (loss) margin is Non-GAAP net income (loss) divided by total GAAP revenue. The Company employs a structural long-term projected non-GAAP income tax rate of 24% for greater consistency across reporting periods, eliminating effects of items not directly related to the Company's operating structure that may vary in size and frequency. This long-term projected non-GAAP income tax rate is determined by analyzing a mix of historical and projected tax filing positions, assumes no additional acquisitions during the projection period and does not include the impact from the partial deferred tax asset valuation allowance, and takes into account various factors, including the Company's anticipated tax structure, its tax positions in different jurisdictions, and current impacts from key U.S. legislation where the Company operates. We will reevaluate this tax rate, as necessary, for significant events such as significant alterations in the U.S. tax environment, substantial changes in the Company's geographic earnings mix due to acquisition activity, or other shifts in the Company's strategy or business operations. Adjusted EBITDA: GAAP net income (loss) before interest expense, provision for income taxes, depreciation and amortization of intangible assets, share-based compensation expense, employer payroll taxes on employee stock transactions, expenses associated with our public offering, restructuring related costs, expenses for services performed by third party consultants relating to efforts to remediate our material weakness, and third party acquisition-related costs. Non-GAAP cost of revenue: GAAP cost of revenue, excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, and amortization of developed technology. Non-GAAP operating expenses, including non-GAAP general and administrative, research and development, and sales and marketing costs: GAAP operating expenses, excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, expenses associated with our public offering, expenses for services performed by third party consultants relating to efforts to remediate our material weakness, third party acquisition related costs, and depreciation and amortization of intangible assets, as applicable. Free cash flow: GAAP cash flow provided by operating activities less GAAP purchases of property and equipment (Capital Expenditures) and GAAP capitalized software additions (Capitalized Software). Reconciliations to comparable GAAP financial measures are available in the accompanying schedules, which are posted as part of this earnings release on our website. No reconciliation to the most comparable GAAP measure is provided with respect to certain forward-looking non-GAAP financial measures as the GAAP measures are not accessible on a forward-looking basis. We cannot reliably predict all necessary components or their impact to reconcile such financial measures without unreasonable effort due to market-related assumptions that are not within our control as well as certain legal or advisory costs, tax costs or other costs that may arise. The events necessitating a non-GAAP adjustment are inherently unpredictable and may have a significant impact on our future GAAP financial results. Forward-Looking Statements This release contains, and our above-referenced conference call and webcast will contain, statements which are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Generally, these statements can be identified by the use of words such as 'anticipates,' 'believes,' 'estimates,' 'expects,' 'intends,' 'may,' 'plans,' 'projects,' 'seeks,' 'should,' 'will,' and variations of such words or similar expressions, although not all forward-looking statements contain these identifying words. Further, statements describing our strategy, outlook, guidance, plans, intentions, or goals are also forward-looking statements. These forward-looking statements reflect our predictions, expectations, or forecasts, including, but not limited to, statements regarding, and guidance with respect to, our strategy, our future financial and operational performance, including financial guidance for 2025, future economic and market conditions, including with respect to the demand environment, our strategic initiatives, our Chief Executive Officer transition and leadership plans, our ability to drive demand, maintain bookings momentum, increase platform wins and lending deals, and accelerate revenue growth, our ability to scale, the strength of our pipeline, our ability to retain and attract customers and product partners, the benefit to us and our customers of integrations with our product partners, our development or delivery of new or enhanced solutions and anticipated results of those solutions for our customers, our ability to effectively implement, integrate, and service our customers, our market size and growth opportunities, our competitive positioning, projected costs, technological capabilities and plans, and objectives of management. Actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, risks related to our business and industry, as well as those set forth in Item 1A. Risk Factors, or elsewhere, in our Annual Report on Form 10-K for the most recently ended fiscal year, any updates in our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K, and our other SEC filings. These forward-looking statements are based on reasonable assumptions as of the date hereof. The plans, intentions, or expectations disclosed in our forward-looking statements may not be achieved, and you should not rely upon forward-looking statements as predictions of future events. We undertake no obligation, other than as required by applicable law, to update any forward-looking statements, whether as a result of new information, future events, or otherwise. As of December 31, 2024 Assets Current assets: Cash $ 128,895 $ 92,765 Accounts receivable, net 35,412 34,422 Prepaid expenses and other current assets 11,300 10,973 Total current assets 175,607 138,160 Property and equipment, net 1,893 2,167 Right of use assets, net 849 1,095 Intangible assets, net 188,899 201,522 Goodwill 610,063 610,063 Other assets 9,647 8,326 Total assets $ 986,958 $ 961,333 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 5,796 $ 6,798 Accrued liabilities 29,821 29,383 Deferred revenue 39,727 17,170 Current portion of debt, net of debt issuance costs 3,678 3,678 Total current liabilities 79,022 57,029 Long-term debt, net of debt issuance costs 463,989 464,922 Deferred tax liabilities, net 11,598 11,287 Long-term deferred revenue — 75 Other long-term liabilities 412 527 Total liabilities 555,021 533,840 Commitments and contingencies Stockholders' Equity: Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at March 31, 2025 and December 31, 2024 — — Common stock, $0.001 par value; 600,000,000 shares authorized, 76,659,145 and 76,049,681 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 127 127 Additional paid-in capital 718,186 709,057 Accumulated deficit (286,376 ) (281,691 ) Total stockholders' equity 431,937 427,493 Total liabilities and stockholders' equity $ 986,958 $ 961,333 Expand Condensed Consolidated Statements of Operations (unaudited) (in thousands, except share and per share data) Three Months Ended March 31, 2025 2024 Revenues, net $ 81,488 $ 77,816 Cost of revenues: Subscription and services 22,827 21,344 Amortization of developed technology 4,896 4,729 Total cost of revenues 27,723 26,073 Gross profit 53,765 51,743 Operating expenses: General and administrative 27,685 25,179 Research and development 10,912 9,485 Sales and marketing 11,603 10,536 Restructuring related costs — 3,191 Total operating expenses 50,200 48,391 Operating income 3,565 3,352 Other (income) expense, net: Interest and other income (1,079 ) (956 ) Interest expense 8,712 9,582 Total other expense, net 7,633 8,626 Loss before provision for income taxes (4,068 ) (5,274 ) Provision for income taxes 617 32 Net loss $ (4,685 ) $ (5,306 ) Net loss per share: Basic $ (0.06 ) $ (0.07 ) Diluted $ (0.06 ) $ (0.07 ) Weighted average common stock outstanding: Basic 76,516,629 77,335,072 Diluted 76,516,629 77,335,072 Expand Net Revenues by Major Source (unaudited) (in thousands) Three Months Ended March 31, 2025 2024 Subscription fees $ 68,745 $ 65,912 Professional services 8,666 9,010 Other 4,077 2,894 Total $ 81,488 $ 77,816 Expand Net Revenues by Solution Type (unaudited) (in thousands) Three Months Ended March 31, 2025 2024 Lending software solutions $ 67,069 $ 60,903 Data verification software solutions 14,419 16,913 Total $ 81,488 $ 77,816 % Growth (decline) attributable to: Lending software solutions 8 % Data verification software (3 )% Total % growth 5 % ___________ Expand Percent Revenue Related to the Mortgage Loan Market (unaudited) Three Months Ended March 31, 2025 2024 Lending software solutions 10 % 11 % Data verification software 49 % 57 % Total % revenue related to mortgage loan market 17 % 21 % Expand Condensed Consolidated Statements of Cash Flows (unaudited) (in thousands) Three Months Ended March 31, 2025 2024 Cash flows from operating activities: Net loss $ (4,685 ) $ (5,306 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation 383 376 Amortization of intangible assets 14,303 14,148 Amortization of costs capitalized to obtain revenue contracts 1,109 980 Provision for expected credit losses 555 234 Amortization of debt issuance costs 282 212 Share-based compensation expense 12,381 7,803 Deferred income taxes 311 (184 ) Changes in operating assets and liabilities: Accounts receivable (1,751 ) (4,444 ) Prepaid expenses and other current assets and other assets (2,146 ) (1,934 ) Accounts payable (1,021 ) (270 ) Accrued liabilities and other long-term liabilities 147 (2,501 ) Deferred revenue 22,482 19,924 Net cash provided by operating activities 42,350 29,038 Cash flows from investing activities: Capitalized software additions (1,620 ) (1,837 ) Purchases of property and equipment (96 ) (92 ) Net cash used in investing activities (1,716 ) (1,929 ) Cash flows from financing activities: Repurchases of common stock — (44,000 ) Proceeds from exercise of stock options 14 191 Taxes paid related to net share settlement of restricted stock units (3,326 ) (294 ) Principal payments of debt (1,192 ) (1,088 ) Net cash used in financing activities (4,504 ) (45,265 ) Net increase (decrease) in cash and cash equivalents 36,130 (18,156 ) Cash and cash equivalents, beginning of period 92,765 80,441 Cash and cash equivalents, end of period $ 128,895 $ 62,285 Expand Supplemental disclosures of cash flow information: Cash paid for interest $ 8,428 $ 9,365 Cash paid for income taxes 95 32 Non-cash investing and financing activities: Shares withheld with respect to net settlement of restricted stock units 3,326 294 Excise taxes payable included in repurchases of common stock — 377 Share-based compensation expense included in capitalized software additions 60 69 Purchases of property and equipment included in accounts payable and accrued liabilities 21 44 Expand Reconciliation from GAAP to Non-GAAP Results (unaudited) (in thousands, except share and per share data) Three Months Ended March 31, 2025 2024 Operating income $ 3,565 $ 3,352 Add: Share-based compensation expense 12,381 7,936 Add: Employer payroll taxes on employee stock transactions 625 422 Add: Expenses associated with public offering — 1,389 Add: Restructuring related costs (1) — 3,191 Add: Expenses associated with material weakness remediation (2) 2,063 — Add: Acquisition related costs 446 — Non-GAAP operating income $ 19,080 $ 16,290 Operating margin 4 % 4 % Non-GAAP operating margin 23 % 21 % Three Months Ended March 31, 2025 2024 Net loss $ (4,685 ) $ (5,306 ) Add: Share-based compensation expense 12,381 7,936 Add: Employer payroll taxes on employee stock transactions 625 422 Add: Expenses associated with public offering — 1,389 Add: Restructuring related costs (1) — 3,191 Add: Expenses associated with material weakness remediation (2) 2,063 — Add: Acquisition related costs 446 — Subtract: Income tax effect on non-GAAP items (3,724 ) (3,105 ) Non-GAAP net income $ 7,106 $ 4,527 Non-GAAP basic net income per share $ 0.09 $ 0.06 Non-GAAP diluted net income per share $ 0.09 $ 0.06 Weighted average shares used to compute Non-GAAP basic net income per share 76,516,629 77,335,072 78,972,794 80,479,008 Net loss margin (6 )% (7 )% Non-GAAP net income margin 9 % 6 % Three Months Ended March 31, 2025 2024 Net loss $ (4,685 ) $ (5,306 ) Interest expense 8,712 9,582 Provision for income taxes 617 32 Depreciation and amortization of intangible assets 14,686 14,524 Share-based compensation expense 12,381 7,936 Employer payroll taxes on employee stock transactions 625 422 Expenses associated with public offering — 1,389 Restructuring related costs (1) — 3,191 Expenses associated with material weakness remediation (2) 2,063 — Acquisition related costs 446 — Adjusted EBITDA $ 34,845 $ 31,770 Net loss margin (6 )% (7 )% Adjusted EBITDA margin 43 % 41 % _______________ Expand (1) Restructuring related costs for the three months ended March 31, 2024 are inclusive of forfeitures of share-based compensation associated with restructuring in the amount of $0.1 million. (2) Expenses for services performed by third party consultants related to efforts to remediate our previously identified material weakness. Expand Reconciliation from GAAP to Non-GAAP Results (unaudited) (in thousands) Three Months Ended March 31, 2025 2024 Cost of revenue $ 27,723 $ 26,073 Less: Share-based compensation expense 1,670 782 Less: Employer payroll taxes on employee stock transactions 112 48 Less: Amortization of developed technology 4,896 4,729 Non-GAAP cost of revenue $ 21,045 $ 20,514 Cost of revenue as a % of revenue 34 % 34 % Non-GAAP cost of revenue as a % of revenue 26 % 26 % Three Months Ended March 31, 2025 2024 General and administrative $ 27,685 $ 25,179 Less: Share-based compensation expense 5,597 4,393 Less: Employer payroll taxes on employee stock transactions 226 136 Less: Expenses associated with public offering — 1,389 Less: Expenses associated with material weakness remediation 2,063 — Less: Acquisition related costs 446 — Less: Depreciation expense 383 376 Less: Amortization of intangible assets 9,407 9,419 Non-GAAP general & administrative $ 9,563 $ 9,466 General and administrative as a % of revenue 34 % 32 % Non-GAAP general and administrative as a % of revenue 12 % 12 % Three Months Ended March 31, 2025 2024 Research and development $ 10,912 $ 9,485 Less: Share-based compensation expense 2,995 1,502 Less: Employer payroll taxes on employee stock transactions 158 121 Non-GAAP research and development $ 7,759 $ 7,862 Research and development as a % of revenue 13 % 12 % Non-GAAP research and development as a % of revenue 10 % 10 % Three Months Ended March 31, 2025 2024 Sales and marketing $ 11,603 $ 10,536 Less: Share-based compensation expense 2,119 1,259 Less: Employer payroll taxes on employee stock transactions 129 117 Non-GAAP sales and marketing $ 9,355 $ 9,160 Sales and marketing as a % of revenue 14 % 14 % Non-GAAP sales and marketing as a % of revenue 11 % 12 % Three Months Ended March 31, 2025 2024 Net cash provided by operating activities $ 42,350 $ 29,038 Less: Capitalized software 1,620 1,837 Less: Capital expenditures 96 92 Free cash flow $ 40,634 $ 27,109 Net cash provided by operating actives as a % of revenue 52 % 37 % Free cash flow as a % of revenue 50 % 35 % Expand
Business Wire
07-05-2025
- Business
- Business Wire
MeridianLink Celebrates 2025 Arc and Customer Choice Award Winners
COSTA MESA, Calif.--(BUSINESS WIRE)-- MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced the recipients of its 2025 Arc Awards and the inaugural Customer Choice Awards during MeridianLink LIVE!, the Company's annual event that brings together industry-leading financial institutions, held at the Universal Orlando Resort in Orlando, Fla. This year's Arc Awards celebrates MeridianLink ® customers who have harnessed the Company's solutions to solve complex business challenges, fuel meaningful growth, and make a lasting impact in their communities. Winners were selected from a competitive pool of nearly 70 entries, chosen for their innovative use cases and commitment to consumer impact. The Customer Choice Awards, a new recognition program, spotlights top-performing MeridianLink ® Marketplace partners that have delivered measurable success through seamless integrations with the MeridianLink ® One platform. Finalists were selected by a MeridianLink panel and then voted on by customers across the Company's nationwide network, reflecting the direct voice of the user community. The recipients of the 2025 MeridianLink Arc Awards are: Bangor Savings Bank Empower Federal Credit Union Greater Iowa Credit Union Keesler Federal Credit Union Intrepid Credit Union Community Choice Credit Union GECU Financial Center First Credit Union Vermont Federal Credit Union Municipal Credit Union The recipients of the 2025 MeridianLink Customer Choice Awards are: Socure Zest AI 'The Arc and Customer Choice Awards celebrate the innovation and collaboration at the heart of our ecosystem,' said Larry Katz, president of MeridianLink. 'Whether it's a financial institution driving local impact, providing personalized and seamless experiences for consumers, or using data and insights to make smarter decisions faster, or an innovative partner helping accelerate growth by automating more lending capabilities, this year's winners represent what's possible when technology and purpose align. We're honored to recognize these organizations for their contributions as they humanize lending.' Now in its third year, the Arc Awards continue to spotlight institutions redefining how technology can enhance financial experiences. The Customer Choice Awards join this tradition by honoring Marketplace partners that help elevate performance across key areas like fraud prevention, loan origination, account opening, and deposit growth. For more information about MeridianLink and its products, visit MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink's cloud-based digital lending, account opening, background screening, and data verification solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike. For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at
Yahoo
15-04-2025
- Business
- Yahoo
How much does food for Easter cost locally?
CHICOPEE, Mass. (WWLP) – On Monday, Chicopee residents headed to their favorite local stores to pick out everything they need to prepare the perfect meal for Easter Sunday. Even though some foods are a bit pricier this time of year, people seem to be less worried about what they're paying and more worried about if there's enough in stores to be able to make what they need. Gas prices in Springfield fall 4.4 cents, now averaging $2.90 per gallon 'Prime rib, lamb, ham, and tenderloin–those are the four major meats that people are buying when they come into Arnold's Meats,' said Larry Katz, owner of Arnold's Meats. Despite inflation, people are coming in to buy what they need for Easter brunch or just a night at home. The average price for a dozen eggs statewide is $5.04. Katz said that those who come in are not as vocal about grocery prices, but rather about other factors in their lives. 'Customers are really speaking out about everything, not just food,' Katz said. 'They're speaking out about the prices of automobiles, and everything else that's going up. As far as our products, pork prices have actually dropped. Hams have stayed the same, and boneless prime rib is up a bit.' The average American who chooses to go out to brunch on Easter could spend anywhere between $30 to $100 per person. Cooking at home, while messier, is cheaper. Walmart is currently selling a family Easter meal that runs approximately $35. Some grocery chains around the region only allow for shoppers to buy one dozen eggs per shopping trip, but at Arnold's, that's not the case. 'Egg prices are dropping,' Katz said. 'People can buy as much as they want. We do sell to a lot of restaurants and schools, so people can buy as many as they want, we have plenty of eggs.' Arnold's Meats is open every day this week, except Easter itself. Locals said it's become a staple for last-minute shopping. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
