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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments108,87277,79655,780115,752100,259146,746
Cash and cash equivalents108,87277,79655,780115,752100,259146,746
Receivables35,10437,40132,90533,02333,87632,160
Prepaid expense6,4916,9946,0698,3095,7397,083
Capitalized contract cost3,4713,1962,9382,8352,7042,572
Other current assets1,351608440409959355
Other undisclosed current assets  30,00030,00030,00030,000 
Total current assets:155,289155,995128,132190,328173,537188,916
Noncurrent Assets
Operating lease, right-of-use asset1,6711,9292,1852,6382,5622,311
Property, plant and equipment3,4913,8914,2455,0445,3305,613
Intangible assets, net (including goodwill)882,784894,314906,132851,102862,559852,653
Goodwill608,576608,902608,657571,554569,129564,799
Intangible assets, net (excluding goodwill)274,208285,412297,475279,548293,430287,854
Deferred income tax assets17,88614,89313,93910,71710,8181,608
Other noncurrent assets5,0034,7844,5244,1704,1534,089
Total noncurrent assets:910,835919,811931,025873,671885,422866,274
TOTAL ASSETS:1,066,1241,075,8061,059,1571,063,9991,058,9591,055,190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,93238,08833,74943,97541,98428,427
Taxes payable2,9392,939
Employee-related liabilities9,0569,462
Accounts payable4,1493,9861,2492,1731,5632,555
Accrued liabilities30,78334,10232,50029,80728,02025,872
Deferred revenue26,30234,09016,94522,65523,25929,293
Debt3,5453,5063,5053,3673,3623,256
Other undisclosed current liabilities    (11,995)(12,401) 
Total current liabilities:64,77975,68454,19958,00256,20460,976
Noncurrent Liabilities
Long-term debt and lease obligation421,808422,526423,404423,599424,439424,712
Long-term debt, excluding current maturities421,808422,526423,404423,599424,439424,712
Liabilities, other than long-term debt1,6862,1572,4631,9051,9991,647
Deferred revenue8419921,141378378 
Other liabilities8451,1651,3221,5271,6211,647
Total noncurrent liabilities:423,494424,683425,867425,504426,438426,359
Total liabilities:488,273500,367480,066483,506482,642487,335
Equity
Equity, attributable to parent577,851575,439579,091580,493576,317567,855
Common stock132132128128126120
Additional paid in capital636,193626,905621,396614,222607,085600,608
Accumulated deficit(58,474)(51,598)(42,433)(33,857)(30,894)(32,873)
Total equity:577,851575,439579,091580,493576,317567,855
TOTAL LIABILITIES AND EQUITY:1,066,1241,075,8061,059,1571,063,9991,058,9591,055,190

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues75,41577,13570,55171,75472,98772,754
Cost of revenue
(Cost of Goods and Services Sold)
(28,494)(27,955)(26,752)(27,815)(27,226)(24,538)
Gross profit:46,92149,18043,79943,93945,76148,216
Operating expenses(45,438)(47,484)(43,229)(39,415)(36,861)(33,622)
Operating income:1,4831,6965704,5248,90014,594
Nonoperating expense(8,532)(8,561)(7,221)(6,528)(5,220)(4,195)
Interest and debt expense(9,316)(9,031)(7,578)(6,855)(5,436)(4,358)
Income (loss) from continuing operations before equity method investments, income taxes:(16,365)(15,896)(14,229)(8,859)(1,756)6,041
Other undisclosed income from continuing operations before income taxes9,3169,0317,5786,8555,4364,358
Income (loss) from continuing operations before income taxes:(7,049)(6,865)(6,651)(2,004)3,68010,399
Income tax expense (benefit)1,8191,1991,188(890)(1,508)(2,920)
Income (loss) from continuing operations:(5,230)(5,666)(5,463)(2,894)2,1727,479
Income (loss) before gain (loss) on sale of properties:(2,894)2,1727,479
Net income (loss) available to common stockholders, diluted:(5,230)(5,666)(5,463)(2,894)2,1727,479

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(5,230)(5,666)(5,463)(2,894)2,1727,479
Comprehensive income (loss), net of tax, attributable to parent:(5,230)(5,666)(5,463)(2,894)2,1727,479

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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