NYSE$MLNK

MeridianLink Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

MeridianLink's Q3 2021 results were reported, featuring year-over-year revenue growth and high adjusted EBITDA margins.

MeridianLink reported strong Q3 2021 results with a 29% year-over-year revenue increase. The company's performance was driven by the adoption of its solutions by financial institutions and consumer reporting agencies.

  • Revenue increased by 29% year-over-year, reaching $67.4 million.
  • The company reported an operating loss of $(8.8) million, which is (13)% of revenue.
  • Adjusted EBITDA reached $31.0 million, representing 46% of revenue.
  • MeridianLink expanded its client base by adding over 60 new and existing clients to MeridianLink Portal.

Headline financials

Total Revenue

$67.4M

Previous: $39.6M+70.1%
EPS (adj)

$0.06

Previous: -$0.24+125.0%
Adjusted EBITDA Margin

46.0%

Previous: 56.0%-17.9%
Non-GAAP Operating Margin

25.0%

Previous: 36.0%-30.6%
Capital Expenditures

$139K

Previous: $574K-75.8%
Free Cash Flow

$17.6M

Previous: $24.3M-27.6%
Net Income

-$21.4M

Previous: $7.02M-405.6%
Operating Income

-$8.76M

Previous: $17.6M-149.9%
Gross Profit

$40.7M

Previous: $37.4M+8.8%
Cash & Equivalents

$93M

Previous: $141M-34.0%
Total Assets

$1.02B

No prior period
Stock-Based Comp

$25.5M

Previous: $745K+3326.4%

Revenue & EPS history

MeridianLink · Revenue · Quarterly

$67.4M

Q3 2021+70.1%vs Q3 2020
Beat estimate in 8 of 10 quarters(80%)
ActualEstimate

Revenue by segment

MeridianLink · $67.4M total across 2 segments · Q3 2021

  • Lending Software Solutions
    $44.7M+33.9%
  • Data Verification Software Solutions
    $22.7M+20.2%

Forward guidance

MeridianLink issued its fourth quarter financial guidance and raised the full year 2021 financial guidance.

Tailwinds

  • Revenue is expected to be in the range of $59.5 million to $60.5 million for Q4 2021.
  • Adjusted EBITDA is expected to be in the range of $21.0 million to $22.0 million for Q4 2021.
  • Full year 2021 revenue is expected to be in the range of $263.2 million to $264.2 million.
  • Full year 2021 adjusted EBITDA is expected to be in the range of $119.7 million to $120.7 million.
  • The company anticipates continued growth and profitability.

Headwinds

  • The company's projections are based on current information and are subject to change.
  • Actual results may differ materially from these forward-looking statements.
  • The company's performance is subject to various risks and factors beyond its control.
  • These risks are detailed in the company's SEC filings.
  • The company undertakes no obligation to update these forward-looking statements.

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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