NYSE$MLNK

MeridianLink Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported revenue growth of 19% year-over-year and adjusted EBITDA margins of 38% for Q4.

MeridianLink reported Q4 2021 revenue of $64.0 million, a 19% increase year-over-year, and an adjusted EBITDA margin of 38%. The company exceeded guidance in Q4, driven by strong momentum in the consumer side of the business, which was up 23% year-over-year.

  • Revenue of $64.0 million, an increase of 19% year-over-year
  • Operating income of $7.8 million, or 12% of revenue and Non-GAAP operating profit of $11.7 million, or 18% of revenue
  • Adjusted EBITDA of $24.6 million, or 38% of revenue
  • Cash flow from operations of $20.8 million, and Free Cash Flow of $19.4 million

Headline financials

Total Revenue

$64M

Previous: $40.4M+58.6%
EPS (adj)

$0.01

Previous: -$0.74+101.4%
Adjusted EBITDA Margin

38.0%

Previous: 52.0%-26.9%
Capital Expenditures

$151K

Previous: $738K-79.5%
Free Cash Flow

$19.4M

Previous: $11.6M+67.4%
Net Income

-$3.21M

Previous: -$4.09M+21.4%
Operating Income

$7.78M

Previous: $2.89M+169.4%
Gross Profit

$41.7M

Previous: $37.9M+9.9%
Cash & Equivalents

$114M

Previous: $37.7M+201.1%
Total Assets

$1.03B

Previous: $964M+6.5%
Stock-Based Comp

$3.9M

Previous: $783K+398.2%

Revenue & EPS history

MeridianLink · Revenue · Quarterly

$64M

Q4 2021+58.6%vs Q4 2020
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

MeridianLink · $64M total across 2 segments · Q4 2021

  • Lending Software Solutions
    $43.8M
  • Data Verification Software Solutions
    $20.3M

Forward guidance

The Company issues first quarter financial guidance and initiates full year 2022 financial guidance as follows:

Tailwinds

  • Revenue is expected to be in the range of $68.3 million to $69.3 million
  • Adjusted EBITDA is expected to be in the range of $26.5 million to $27.5 million
  • Revenue is expected to be in the range of $288.0 million to $292.0 million
  • 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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