NYSE$MLNK

MeridianLink Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

MeridianLink's Q3 2023 financial performance reflected year-over-year revenue growth, driven by lending software solutions.

MeridianLink reported a 7% year-over-year increase in revenue, reaching $76.5 million, with lending software solutions driving growth. The company captured strong demand for MeridianLink One and launched new solutions to enhance the consumer experience.

  • Revenue increased by 7% year-over-year to $76.5 million.
  • Lending software solutions revenue grew by 12% year-over-year to $58.9 million.
  • Operating income was $5.6 million, representing 7% of revenue.
  • Net loss was $(2.1) million, or (3)% of revenue, while adjusted EBITDA was $29.8 million, or 39% of revenue.

Headline financials

Total Revenue

$76.5M

Previous: $71.8M+6.6%
EPS (adj)

$0.10

Previous: $0.06+66.7%
Adjusted EBITDA Margin

39.0%

Previous: 36.0%+8.3%
Non-GAAP Operating Margin

18.0%

Previous: 17.0%+5.9%
Capital Expenditures

-$2.48M

Previous: $409K-707.3%
Free Cash Flow

$18.8M

Previous: $16.9M+11.3%
Net Income

-$2.07M

Previous: -$2.9M+28.7%
Operating Income

$5.57M

Previous: $4.5M+23.8%
Gross Profit

$49.5M

Previous: $43.9M+12.6%
Cash & Equivalents

$97.6M

Previous: $116M-15.7%
Total Assets

$1.05B

Previous: $1.06B-1.8%
R&D Expense

$11.2M

No prior period
Stock-Based Comp

$8.32M

Previous: $7.25M+14.7%

Revenue & EPS history

MeridianLink · Revenue · Quarterly

$76.5M

Q3 2023+6.6%vs Q3 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

MeridianLink · $76.5M total across 2 segments · Q3 2023

  • Lending Software Solutions
    $58.9M
  • Data Verification Software Solutions
    $17.5M

Forward guidance

The Company issued fourth quarter financial guidance and reaffirms full year 2023 financial guidance.

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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