Drilling profitability year-over-year, MeridianLink Adjusted margin, ended range. and finished and with of Throughout guidance end growth, free flow the million growth X% a revenue a solid Thank flow was quarter which EBITDA adjusted the and the of at XX% cash exceeded achieved high generated achieved or $XX.X conversion. which fourth cash free We our year of guidance revenue into or of and XX% is $XX.X QX, afternoon, GAAP million $XX.X equivalents. with in we XXXX, you, $XX.X million, Larry, everyone. expanded quarter. high end our cash improved revenue We good consistent of EBITDA the cash range. million
growth, in have describe we data quarters, revenue reference prior Before downsell. I large verification further a our customer to made
to agreement. from total XXXX headwind identified We revenue verification litigation a million that We downsell will forward, XXX of and anticipate totaled and as in that the are years. customer and revenue revenue revenue agreement the growth active XXXX. prior the We $XX.X have agreement. impact with this X-year has a Revenue downsell approximately reached mutually approximately from by this annual parties an our will This in basis drop total claims points. result in by reduced a into million our recent to XXXX customer the growth adjustment anticipate with going to customer be entering in been $X data
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revenue Moving subscription for by higher release. driven driven new grew total by solutions we revenue successful to year-over-year, partner and activation QX our what X% Other growth implementation customers, additional the software recognition and XX% Subscription XX% of fees significantly by both to performance our revenue onetime existing revenue revenue total X% grew X% revenue. from year-over-year, of source. contributing share in Services was bookings. growth revenue as of primarily software grew implemented at our with from driven This ACV year-over-year, refer associated by true-ups.
lending X% year-over-year total revenue. our of accounted software and QX in Total XX% by type. at looking X% approximately revenue was revenue growth for solution Now growth
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software represented of which to mortgage-related verification Turning attributable to X% XX% total in in verification a for This data accounted solutions. X% year-over-year increase data of and total revenue. software increased revenue increase Revenue was XX% QX. revenue,
previously customer As in customer from in we quarter. mentioned lap the onetime QX, the the downsell accelerated I revenue
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single-digit [ year. Describing at full We contributed terms customer $XXX.X essentially of half digits had challenging the achieved X ] growth drag. churn Revenue onetime and in X% DBS combined were first offset increased record and downsell highest of mid-single three, look Larry the algorithm, in the each let's growth, price volumes in Notwithstanding, year one, other; the were low Now results. low the release digits; we revenue years. revenue two, in X% each the adjusted a a solid in-year single ACV and operating revenue XXXX the especially a and environment, margin and to as bookings EBITDA for year. million mentioned,
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revenue. X% our total year-over-year X% type. total was solution software Total lending at looking nearly XX% accounted and by growth revenue for Now revenue of
the our lending the revenue. most revenue lending especially in of highlights the Excluding from from attributable approximately year.
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verification revenue for revenue, accounted single decline of to Turning large XX% data in previously. total driven and to of by XX% year-over-year Revenue an solutions. was in the onetime decrease discussed verification software XX% X% This revenue decline mortgage-related the mortgage-related in This was customer which a software total of data attributable represented data declined verification revenue. downsell year.
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updates quarterly mentioned, forward, provide our only we Nicolaas calls. guidance going annual on will As
longer insights on will provide trends. we quarterly will anticipated into While no guidance, relevant, comment provide and where we prospective
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Moving point XXXX. the XXXX recent and customers guidance. to consumer data an on to Ongoing economic for with environment in uncertain conversations
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the ACV growth total steady revenue. a will expect dynamics, expect X% now rate for describe revenue we a In midpoint side, flat modest X% expect of growth Two, we consumer continue higher our to of approximately single driven and churn will mid-single lending and the price On are drag. to will in XXXX. environment, guidance volumes year-over-year.
I customer in low digits combined consumer expect to other. algorithm. DBS and we expected pace. Three, in growth revenue the each contributing data year-over-year driver our we renewal our volumes be releasing release Understanding a revenue we be terms non-mortgage XXXX, grow single-digit the in expect offset ACV be verification that by largest these One, interest continue to of longer at the at
Excluding the be and customer growth. total will downsell, revenue slightly to our products a be year-over-year across neutral volumes positive contribution all
Now guide. focusing adjusted on EBITDA the
For the of EBITDA million adjusted XX% million, adjusted full be $XXX.X at representing approximately year an midpoint. expect to XXXX, range EBITDA and our margin we between $XXX.X the
drive to As revenue our go-to-market product road and increases, we investing team growth. are map in
We business investing become are continue a manage and to appropriately. the eventually company XX Rule to of
Given trends, and growth our strong give us revenue of into the economic annual sequential through quarterly our second confidence revenue and in normal half visibility release XXXX. customers percentage with seasonality data, year. MeridianLink's ACV growth expectations QX stronger we revenue the subscription of recent insight high anticipate from relatively in our in
in revenue These as XXXX as sales of to contraction for will investments and invest the be a will XXX ramp percentage our go-to-market impacted approximately increase we a map marketing be in to our and will Both expect half, modest product in We timing road there capabilities. XXXX compared and the and of expenses second R&D margins. QX. will up in that by start bps
to order we about second forward. quarter the the that adjusted highest year.
I'd capital expect we first, margins with priorities repeatability end investing how in to organic the areas the To to in slightly result, thinking be our of EBITDA are going reiterate, is: a of As before organization. in allocation the deliver growth half scale like in declining and first
larger-than-usual excited have at repurchasing our stock to on the value. help announce to right this our invested to to million. third, $XXX.X we point, trading We would I'm On recruited disciplined XXXX, at remain right new repurchase February, M&A. I team. in And price intrinsic Second, stock-based to new program Board as in a organization. our authorized leadership In that shares acquire up we recently and ready us execute our development to made deal a to corporate last scale grants compensation when the comment on the discount like philosophy.
Our grants share down come expectation will is XXXX. that in
team. the work to outstanding the who despite year closely resilient We customers. like I'd reiterate we all every of to benefit and effort the thanks faced Finally, for the how the our our been, skill day because has dedication company the employees of challenges our ended of of strongly
execution time this a Looking remains macro the takes year during forward, is paramount, which recover. we while believe to
As and Larry turn and any that to infrastructure operator. marketing itself, manifests to I happy it of future scale.
With growth in investing support sales I'll continue Nicolaas, are your that, and we and will technology, questions, take the and to over
