NYSE$MLNK

MeridianLink Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

MeridianLink's Q1 2022 results were reported, with revenue up 7% year-over-year.

MeridianLink reported a strong start to 2022, exceeding guidance in Q1 with revenue of $72.8 million, a 7% increase year-over-year. The company's lending software solutions revenue grew by 14% year-over-year, and they achieved a 47% adjusted EBITDA margin.

  • Revenue increased by 7% year-over-year to $72.8 million.
  • Operating income was $14.6 million, representing 20% of revenue.
  • Adjusted EBITDA reached $34.0 million, or 47% of revenue.
  • The company completed the acquisition of StreetShares to enhance digital small business lending services.

Headline financials

Total Revenue

$72.8M

Previous: $51.2M+42.1%
EPS (adj)

$0.17

Previous: -$0.06+383.3%
Adjusted EBITDA Margin

47.0%

Previous: 51.0%-7.8%
Capital Expenditures

$419K

Previous: $245K+71.0%
Free Cash Flow

$32.9M

Previous: $28.5M+15.7%
Net Income

$7.48M

Previous: $7.23M+3.4%
Operating Income

$14.6M

Previous: $19.4M-24.8%
Gross Profit

$48.2M

Previous: $48.3M-0.2%
Cash & Equivalents

$147M

Previous: $73.5M+99.6%
Total Assets

$1.06B

No prior period
Stock-Based Comp

$3.81M

Previous: $643K+492.2%

Revenue & EPS history

MeridianLink · Revenue · Quarterly

$72.8M

Q1 2022+42.1%vs Q1 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

MeridianLink · $72.8M total across 2 segments · Q1 2022

  • Lending Software Solutions
    $49.2M+14.0%
  • Data Verification Software Solutions
    $23.6M-4.4%

Forward guidance

The Company issues second quarter financial guidance and updates full year 2022 financial guidance.

Tailwinds

  • Second Quarter Revenue is expected to be in the range of $71.5 million to $73.5 million
  • Second Quarter Adjusted EBITDA is expected to be in the range of $25.0 million to $27.0 million
  • Full Year 2022 Revenue is expected to be in the range of $289.0 million to $293.0 million
  • Full Year 2022 Adjusted EBITDA is expected to be in the range of $112.0 million to $116.0 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

+1.0%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+2.6%

Avg return

30 days after

57%

12 / 21 earnings

Positive

+24.6%

Q2 2025

Best reaction

-23.9%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025+24.6%+24.7%+25.3%
Q1 2025-2.0%-4.3%-5.3%
Q4 2025+16.6%+6.3%-9.7%
Q3 2024+0.2%+1.5%-4.1%
Q2 2024-4.2%-3.3%+2.0%
Q1 2024+1.4%-3.3%+13.4%
Q4 2023-4.4%-3.3%-3.4%
Q3 2023+2.1%
Q2 2023-23.9%
Q1 2023+1.3%
Q4 2022-0.2%
Q3 2022-14.8%
Q2 2022+4.0%
Q1 2022+16.9%
Q4 2021-2.4%
Q4 2019-2.4%
Q3 2020+3.3%
Q3 2021+3.3%
Q1 2021+2.1%
Q4 2020+2.1%
Q2 2021-2.2%
Q2 2020
Q1 2020

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