MeridianLink Inc. (MLNK) Financial Statements (2024 and earlier)

Company Profile

Business Address 3560 HYLAND AVE STE 200
COSTA MESA, CA 92626
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments55,780113,645
Cash and cash equivalents55,780113,645
Receivables32,90524,913
Prepaid expense6,0696,752
Capitalized contract cost2,9382,402
Other current assets440244
Other undisclosed current assets30,000 
Total current assets:128,132147,956
Noncurrent Assets
Operating lease, right-of-use asset2,185 
Property, plant and equipment4,2455,989
Intangible assets, net (including goodwill)906,132863,396
Goodwill608,657564,799
Intangible assets, net (excluding goodwill)297,475298,597
Deferred income tax assets 13,9394,286
Other noncurrent assets4,5244,266
Total noncurrent assets:931,025877,937
TOTAL ASSETS:1,059,1571,025,893
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33,74927,002
Accounts payable1,2492,335
Accrued liabilities32,50024,667
Deferred revenue16,94514,707
Debt3,5052,139
Total current liabilities:54,19943,848
Noncurrent Liabilities
Long-term debt and lease obligation423,404425,371
Long-term debt, excluding current maturities423,404425,371
Liabilities, other than long-term debt2,463396
Deferred revenue1,141 
Deferred rent credit  396
Deferred income tax liabilities  
Other liabilities1,322 
Total noncurrent liabilities:425,867425,767
Total liabilities:480,066469,615
Equity
Equity, attributable to parent579,091556,278
Common stock12888
Additional paid in capital621,396596,542
Accumulated deficit(42,433)(40,352)
Total equity:579,091556,278
TOTAL LIABILITIES AND EQUITY:1,059,1571,025,893

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Revenues288,046267,676
Cost of revenue
(Cost of Goods and Services Sold)
(106,331)(89,622)
Gross profit:181,715178,054
Operating expenses(153,127)(140,399)
Operating income:28,58837,655
Nonoperating expense(23,164)(42,510)
Interest and debt expense(24,227)(9,944)
Loss from continuing operations before equity method investments, income taxes:(18,803)(14,799)
Other undisclosed income from continuing operations before income taxes24,2279,944
Income (loss) from continuing operations before income taxes:5,424(4,855)
Income tax expense(4,130)(5,141)
Income (loss) from continuing operations:1,294(9,996)
Loss before gain (loss) on sale of properties:(9,996)
Net income (loss) attributable to parent:1,294(9,996)
Preferred stock dividends and other adjustments  (20,944)
Net income (loss) available to common stockholders, diluted:1,294(30,940)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
Net income (loss):1,294(9,996)
Comprehensive income (loss), net of tax, attributable to parent:1,294(9,996)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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