Dec 31, 2021

MeridianLink Q4 2021 Earnings Report

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

Key Takeaways

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

Total Revenue
$64M
Previous year: $40.4M
+58.6%
EPS
$0.01
Previous year: -$0.74
-101.4%
Adjusted EBITDA Margin
38%
Previous year: 52%
-26.9%
Gross Profit
$41.7M
Previous year: $37.9M
+9.9%
Cash and Equivalents
$114M
Previous year: $37.7M
+201.1%
Free Cash Flow
$19.4M
Previous year: $11.6M
+67.4%
Total Assets
$1.03B
Previous year: $964M
+6.5%

MeridianLink

MeridianLink

MeridianLink Revenue by Segment

Forward Guidance

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

Positive Outlook

  • 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

Revenue & Expenses

Visualization of income flow from segment revenue to net income