UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to_______ Commission file number: 001-40680 ____________________________ MeridianLink, Inc. (Exact Name of Registrant as Specified in its Charter) ...

Financial Performance - Third quarter revenue reached $80.4 million, a 5% increase year-over-year, driven by lending software solutions revenue of $63.0 million, which grew by 7% year-over-year[1][2] - Operating income was $2.6 million, representing 3% of revenue, while non-GAAP operating income was $18.0 million, or 22% of revenue[2] - The company reported a net loss of $(7.1) million, or (9)% of revenue, with adjusted EBITDA of $33.8 million, equating to 42% of revenue[2] - Cash flows from operations totaled $20.6 million, or 26% of revenue, and free cash flow was $18.7 million, or 23% of revenue[2] - Total revenues for the three months ended September 30, 2024, were $80,369 thousand, representing a 3.9% increase from $76,488 thousand in the same period of 2023[22] - Subscription fees contributed $67,344 thousand in Q3 2024, up from $64,613 thousand in Q3 2023, indicating a growth of 4.3%[23] - Gross profit for the three months ended September 30, 2024, was $52,719 thousand, compared to $49,476 thousand in Q3 2023, reflecting a 4.5% increase[22] - Operating income decreased to $2,559 thousand in Q3 2024 from $5,569 thousand in Q3 2023, a decline of 54.0%[22] - Net loss for the three months ended September 30, 2024, was $7,051 thousand, compared to a net loss of $2,069 thousand in Q3 2023, representing a significant increase in losses[22] - The company reported a net loss of $22,027,000 for the nine months ended September 30, 2024, compared to a net loss of $12,965,000 for the same period in 2023, representing an increase in losses of 70.5%[26] Cash Flow and Liquidity - MeridianLink returned $31.3 million to stockholders through the repurchase of 1.4 million shares[2] - The company reported a net cash provided by operating activities of $63,989,000 for the nine months ended September 30, 2024, compared to $55,486,000 in 2023, an increase of 15.4%[26] - Cash and cash equivalents increased to $82,266 thousand as of September 30, 2024, from $80,441 thousand as of December 31, 2023, a growth of 2.3%[21] - The company’s cash and cash equivalents at the end of the period were $82,266,000, down from $97,560,000 at the end of the previous year, a decrease of 15.6%[26] - Net cash provided by operating activities was $20,595 million in Q3 2024, slightly down from $21,301 million in Q3 2023, with free cash flow at $18,735 million, compared to $18,817 million in the prior year[35] Future Guidance - Fourth quarter revenue guidance is projected to be between $76.0 million and $80.0 million, with adjusted EBITDA expected between $29.5 million and $32.5 million[4] - Full year 2024 revenue is anticipated to be in the range of $313.0 million to $317.0 million, with adjusted EBITDA expected between $127.0 million and $130.0 million[4] Strategic Initiatives - The company successfully launched Broadway Bank on its MeridianLink® Mortgage platform, reducing loan processing time by up to six days[3] - MeridianLink's land and expand strategy is driving demand for its digital lending solutions in a competitive market[3] - The company completed a secondary public offering of 6 million shares, enhancing liquidity and attracting new investors[3] Expenses and Cost Management - Research and development expenses for the three months ended September 30, 2024, were $10,019,000, a decrease from $11,248,000 in 2023, representing a decline of 10.9%[31] - General and administrative expenses for Q3 2024 totaled $29,649 million, up from $23,218 million in Q3 2023, with general and administrative as a percentage of revenue increasing to 37% from 30%[33] - Sales and marketing expenses reached $10,492 million in Q3 2024, compared to $9,441 million in Q3 2023, with sales and marketing as a percentage of revenue at 13%, up from 12%[34] - Share-based compensation expense increased to $34,690,000 for the nine months ended September 30, 2024, from $22,879,000 in 2023, an increase of 51.6%[28] - Cost of revenue for Q3 2024 was $27,650 million, a slight increase from $27,012 million in Q3 2023, with a cost of revenue as a percentage of revenue at 34% compared to 35% in the previous year[32] - Non-GAAP cost of revenue for Q3 2024 was $21,483 million, representing 27% of revenue, consistent with the previous year[32] - Non-GAAP general and administrative expenses for Q3 2024 were $19,687 million, reflecting a significant increase from $11,938 million in Q3 2023[33] - Non-GAAP sales and marketing expenses were $8,571 million in Q3 2024, compared to $8,154 million in Q3 2023, maintaining a non-GAAP sales and marketing percentage of 11%[34] Balance Sheet Highlights - Total current assets increased to $133,443 thousand as of September 30, 2024, from $124,427 thousand as of December 31, 2023, a growth of 7.3%[21] - Total liabilities rose to $549,621 thousand as of September 30, 2024, compared to $488,004 thousand as of December 31, 2023, an increase of 12.6%[21] - Total stockholders' equity decreased to $418,322 thousand as of September 30, 2024, from $508,247 thousand as of December 31, 2023, a decline of 17.7%[21] Performance Metrics - The adjusted EBITDA margin for the nine months ended September 30, 2024, was 41%, compared to 36% in 2023, indicating an improvement of 5 percentage points[29] - The percentage of revenue related to the mortgage loan market for lending software solutions was 10% in Q3 2024, down from 12% in Q3 2023[25] - Non-GAAP operating income for the nine months ended September 30, 2024, was $49,872,000, compared to $35,846,000 in 2023, reflecting an increase of 39.1%[27] - The company’s adjusted EBITDA for the nine months ended September 30, 2024, was $97,352,000, up from $81,888,000 in 2023, marking a growth of 19.0%[29] - The overall performance indicates a focus on managing costs while maintaining revenue growth, with strategic investments in sales and marketing[32][33][34][35]

MeridianLink, Inc. (NYSE:MLNK) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Gianna Rotellini – Investor Relations Nicolaas Vlok – Chief Executive Officer Larry Katz – President and Chief Financial Officer Conference Call Participants Andrew Schmidt – Citi Matthew Kikkert – Stifel Saket Kalia – Barclays Alex Sklar – Raymond James Spencer Lebov – BTIG Cris Kennedy – William Blair Koji Ikeda – Bank of America Operator Good afternoon, ladies and gentlemen, and welcome to the M ...

● ● ● ● ● ● ● ● ● ● ............ ...... ..... ···· meridianlink Second Quarter 2024 Results August 2024 Forward-Looking Statements 2 and Disclaimers Information in this presentation and the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to fu ...

MeridianLink (MLNK) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this provider of cloud-based software services for financial institutions would post earnings of $0.09 per share when it actually produced earnings of $0.06, delivering a ...

Revenue and Financial Performance - The company reported that approximately 70% of revenue for the full-year 2023 is attributable to lending activities, highlighting the importance of lending for financial institutions [115]. - Subscription fee revenues for Q2 2024 were $78.676 million, up from $75.415 million in Q2 2023, representing a growth of 3.4% [149]. - Revenues for the three months ended June 30, 2024, increased to $78,676 thousand, a 4% increase from $75,415 thousand in the same period of 2023 [151]. - Revenues for the six months ended June 30, 2024, rose to $156,492 thousand, reflecting a 3% increase from $152,550 thousand in the prior year [151]. - Gross profit for the three months ended June 30, 2024, was $50,500 thousand, an 8% increase from $46,921 thousand in 2023 [156]. - Gross profit for the six months ended June 30, 2024, reached $102,243 thousand, a 6% increase from $96,101 thousand in the same period last year [156]. - The net loss for Q2 2024 was $9.670 million, compared to a net loss of $5.230 million in Q2 2023, representing an increase in loss of 85.5% [149]. - Adjusted EBITDA for Q2 2024 was $31.75 million, up 17.9% from $27.12 million in Q2 2023 [188]. Expenses and Cost Management - Total operating expenses for Q2 2024 were $51.597 million, compared to $45.438 million in Q2 2023, reflecting an increase of 13.4% [149]. - General and administrative expenses for Q2 2024 were $29.237 million, up from $24.409 million in Q2 2023, an increase of 19.5% [149]. - Research and development expenses for Q2 2024 were $9.905 million, down from $11.754 million in Q2 2023, a decrease of 15.8% [149]. - Sales and marketing expenses increased to $11.467 million in Q2 2024 from $8.558 million in Q2 2023, a rise of 34.5% [149]. - The total share-based compensation expense for the first half of 2024 was $20.429 million, compared to $13.893 million in the same period of 2023, an increase of 47.3% [150]. - Interest expense increased to $9.80 million in Q2 2024 from $9.32 million in Q2 2023, reflecting a rise of 5.0% [188]. - Share-based compensation expense rose to $12.50 million in Q2 2024, compared to $9.37 million in Q2 2023, an increase of 33.0% [188]. - Restructuring-related costs for Q2 2024 were $0.99 million, up from $0.72 million in Q2 2023, indicating a rise of 37.5% [188]. Strategic Initiatives and Market Focus - The company has identified significant untapped market potential in loan origination and digital banking, focusing on customer acquisition and revenue growth as financial institutions adopt online lending practices [114]. - The company aims to strengthen customer relationships through high-quality implementations and support services, which are critical for customer retention and incremental sales opportunities [119]. - The company has made several strategic acquisitions to enhance its capabilities, including the acquisition of Beanstalk Networks LLC in November 2022, which improved its mortgage lending technology [117]. - The company plans to expand its sales and marketing activities, anticipating an increase in expenses in absolute dollars [143]. Financing and Capital Management - The company completed a secondary offering on February 9, 2024, selling 6,906,015 shares at an offering price of $19.00 per share, with no proceeds received by the company from this sale [126]. - The company amended its credit agreement in May 2024, lowering the interest rate on its term loan from 3.26% to 2.75% plus Term SOFR, while increasing the principal amount by $50 million [122]. - The company increased the aggregate principal amount of the term loan by $50.0 million in May 2024, generating net proceeds of approximately $48.7 million after financing fees [169]. - The company continues to monitor its financing requirements and may pursue refinancing opportunities to reduce interest rates and extend maturities [171]. - The company has filed a shelf registration statement effective January 8, 2024, allowing for offerings up to $500.0 million [169]. Cash Flow and Liquidity - Cash and cash equivalents as of June 30, 2024, were $93.0 million, with an unused capacity under the revolving line of credit of $50.0 million [170]. - Net cash provided by operating activities increased by $9.2 million, or 27%, for the six months ended June 30, 2024, compared to the same period in 2023 [174]. - Cash used in investing activities decreased by $29.3 million, or 115%, for the six months ended June 30, 2024, compared to the same period in 2023 [177]. - Cash used in financing activities increased by $20.4 million, or 312%, for the six months ended June 30, 2024, compared to the same period in 2023 [178]. Restructuring and Realignment - The company incurred restructuring charges of $4.2 million related to its 2024 Realignment Plan, which included a workforce reduction of approximately 12% [124]. - Restructuring related costs for the three months ended June 30, 2024, were $988 thousand, a 38% increase from $717 thousand in 2023 [164]. - The company incurred $1.86 million in litigation-related charges during Q2 2024, with no comparable charges in Q2 2023 [188]. Tax and Deferred Revenue - Provision for income taxes was $0.4 million for the three months ended June 30, 2024, compared to a benefit from income taxes of $1.8 million for the same period in 2023, representing a change of $2.2 million [167]. - The company reported a total of $19 million in deferred revenue reduction from purchase accounting for acquisitions prior to 2022 in Q2 2023 [188]. Accounting and Compliance - The company early adopted ASU 2021-08 on January 1, 2022, affecting the accounting for contract assets and liabilities [188]. - There were no significant changes in market risk exposures since December 31, 2023 [189].

Exhibit 99.1 meridianlink MeridianLink Reports Second Quarter 2024 Results Second quarter revenue of $78.7 million grows 4% year-over-year driven by lending software solutions revenue of $61.6 million, reflecting growth of 11% year-over-year COSTA MESA, Calif., August 8, 2024 — MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced financial results for the second quarter ended June 30, 2024. "Our second qu ...

MeridianLink, Inc. (NYSE:MLNK) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Gianna Rotellini - Investor Relations Nicolaas Vlok - Chief Executive Officer Larry Katz - Chief Financial Officer Chris Maloof - President of Go-to-Market Conference Call Participants Koji Ikeda - Bank of America Nik Cremo - UBS Adib Choudhury - William Blair Alex Sklar - Raymond James Operator Good afternoon, ladies and gentlemen, and welcome to the MeridianLink First Quarter 2024 Earnings Conferenc ...

First Quarter 2024 Review May 2024 Forward-Looking Statements Information in this presentation and the accompanying oral presentation, including any statements regarding MeridianLink's customer data and other metrics, is based on data and analyses from various sources as of December 31, 2023, unless otherwise indicated. This presentation includes trademarks, which are protected under applicable intellectual property laws and are the property of MeridianLink, Inc. or its subsidiaries. This presentation may a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to_______ Commission file number: 001-40680 ____________________________ MeridianLink, Inc. (Exact Name of Registrant as Specified in its Charter) ___ ...