Meridianlink Inc Financials
Meridianlink Inc (MLNK) reported $325.9M in revenue over the twelve months to Jun 30, 2025, up 6.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash conversion remains positive even as rising overhead and leverage keep MeridianLink's reported earnings negative.
The cash-conversion gap between FY2024 net loss of-$29.8M and operating cash flow of$77.8M signals that noncash expenses and other accounting items are separating reported earnings from cash generation. Meanwhile, debt-to-equity rose from 0.7x in FY2022 to 1.1x in FY2024 as equity contracted, adding balance-sheet leverage even while cash flow remained positive.
Gross margin edged up from
Free cash flow of
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Meridianlink Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Meridianlink Inc has an operating margin of 1.5%, meaning the company retains $1 of operating profit per $100 of revenue. This results in a moderate score of 50/100, indicating healthy but not exceptional operating efficiency. This is down from 5.1% the prior year.
Meridianlink Inc's revenue grew a modest 4.2% year-over-year to $316.3M. This slow but positive growth earns a score of 49/100.
Meridianlink Inc has elevated debt relative to equity (D/E of 1.09), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 9/100, reflecting increased financial risk.
With a current ratio of 2.42, Meridianlink Inc holds $2.42 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.
Meridianlink Inc converts 24.5% of revenue into free cash flow ($77.4M). This strong cash generation earns a score of 90/100.
Meridianlink Inc posts a -7.0% return on equity (ROE), meaning it loses $7 for every $100 of shareholders' equity. This results in a returns score of 43/100. This is up from -8.4% the prior year.
Meridianlink Inc scores 1.70, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.5B) relative to total liabilities ($533.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Meridianlink Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Meridianlink Inc reported a net loss of $29.8M while generating $77.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Meridianlink Inc earns $0.12 in operating income for every $1 of interest expense ($4.6M vs $38.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Meridianlink Inc generated $316.3M in revenue in fiscal year 2024. This represents an increase of 4.2% from the prior year.
Meridianlink Inc's EBITDA was $62.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.3% from the prior year.
Meridianlink Inc reported -$29.8M in net income in fiscal year 2024. This represents an increase of 30.0% from the prior year.
Meridianlink Inc earned -$0.39 per diluted share (EPS) in fiscal year 2024. This represents an increase of 26.4% from the prior year.
Cash & Balance Sheet
Meridianlink Inc generated $77.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 15.5% from the prior year.
Meridianlink Inc held $92.8M in cash against $464.9M in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Meridianlink Inc's gross margin was 65.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the prior year.
Meridianlink Inc's operating margin was 1.5% in fiscal year 2024, reflecting core business profitability. This is down 3.7 percentage points from the prior year.
Meridianlink Inc's net profit margin was -9.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 4.6 percentage points from the prior year.
Meridianlink Inc's ROE was -7.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.
Capital Allocation
Meridianlink Inc invested $39.5M in research and development in fiscal year 2024. This represents a decrease of 17.0% from the prior year.
Meridianlink Inc spent $104.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 71.4% from the prior year.
Meridianlink Inc invested $367K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 61.1% from the prior year.
MLNK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $84.6M+3.8% | $81.5M+2.6% | $79.4M-1.2% | $80.4M+2.2% | $78.7M+1.1% | $77.8M+4.3% | $74.6M-2.5% | $76.5M |
| Cost of Revenue | $27.5M-0.7% | $27.7M+4.1% | $26.6M-3.7% | $27.6M-1.9% | $28.2M+8.1% | $26.1M+4.2% | $25.0M-7.3% | $27.0M |
| Gross Profit | $57.1M+6.2% | $53.8M+1.8% | $52.8M+0.2% | $52.7M+4.4% | $50.5M-2.4% | $51.7M+4.4% | $49.5M+0.1% | $49.5M |
| R&D Expenses | $11.4M+4.3% | $10.9M+8.6% | $10.0M+0.3% | $10.0M+1.2% | $9.9M+4.4% | $9.5M-11.4% | $10.7M-4.8% | $11.2M |
| SG&A Expenses | $28.6M+3.1% | $27.7M-14.5% | $32.4M+9.3% | $29.6M+1.4% | $29.2M+16.1% | $25.2M+12.0% | $22.5M-3.2% | $23.2M |
| Operating Income | $5.2M+46.0% | $3.6M+2102.8% | -$178K-107.0% | $2.6M+333.3% | -$1.1M-132.7% | $3.4M-50.6% | $6.8M+21.8% | $5.6M |
| Interest Expense | $8.7M0.0% | $8.7M-1.9% | $8.9M-12.6% | $10.2M+3.8% | $9.8M+2.2% | $9.6M-4.5% | $10.0M+2.6% | $9.8M |
| Income Tax | $1.1M+73.4% | $617K+275.3% | -$352K-143.1% | $816K+98.1% | $412K+1187.5% | $32K-99.9% | $27.8M+3570.1% | -$800K |
| Net Income | -$3.0M+35.7% | -$4.7M+39.5% | -$7.7M-9.8% | -$7.1M+27.1% | -$9.7M-82.2% | -$5.3M+82.1% | -$29.6M-1329.4% | -$2.1M |
| EPS (Diluted) | -$0.04+33.3% | -$0.06+40.0% | -$0.10-11.1% | -$0.09+30.8% | -$0.13-85.7% | -$0.07+81.1% | -$0.37-1133.3% | -$0.03 |
MLNK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $936.9M-5.1% | $987.0M+2.7% | $961.3M-0.7% | $967.9M-1.9% | $986.9M+1.7% | $970.5M-2.6% | $996.3M-4.7% | $1.0B |
| Current Assets | $137.9M-21.5% | $175.6M+27.1% | $138.2M+3.5% | $133.4M-4.9% | $140.3M+26.2% | $111.1M-10.7% | $124.4M-13.7% | $144.2M |
| Cash & Equivalents | $91.1M-29.3% | $128.9M+38.9% | $92.8M+12.8% | $82.3M-11.6% | $93.0M+49.3% | $62.3M-22.6% | $80.4M-17.5% | $97.6M |
| Accounts Receivable | N/A | N/A | N/A | $36.9M+11.2% | $33.2M-3.6% | $34.4M+13.6% | $30.3M-4.5% | $31.8M |
| Goodwill | $610.1M0.0% | $610.1M0.0% | $610.1M0.0% | $610.1M0.0% | $610.1M0.0% | $610.1M0.0% | $610.1M+0.1% | $609.3M |
| Total Liabilities | $544.3M-1.9% | $555.0M+4.0% | $533.8M-2.9% | $549.6M+0.4% | $547.4M+8.6% | $504.2M+3.3% | $488.0M-0.7% | $491.6M |
| Current Liabilities | $68.8M-13.0% | $79.0M+38.6% | $57.0M-20.4% | $71.6M+4.2% | $68.7M-6.8% | $73.7M+32.0% | $55.8M-19.4% | $69.2M |
| Long-Term Debt | $463.1M-0.2% | $464.0M-0.2% | $464.9M-0.3% | $466.1M-0.2% | $467.1M+11.4% | $419.1M-0.2% | $420.0M-0.2% | $420.9M |
| Total Equity | $392.6M-9.1% | $431.9M+1.0% | $427.5M+2.2% | $418.3M-4.8% | $439.5M-5.7% | $466.3M-8.2% | $508.2M-8.2% | $553.8M |
| Retained Earnings | -$342.5M-19.6% | -$286.4M-1.7% | -$281.7M-2.8% | -$274.1M-16.2% | -$235.8M-20.2% | -$196.2M-33.9% | -$146.5M-60.6% | -$91.2M |
Not reported in any period shown, so not listed: Inventory.
MLNK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.2M-54.7% | $42.4M+206.6% | $13.8M-32.9% | $20.6M+43.5% | $14.4M-50.6% | $29.0M+132.7% | $12.5M-41.4% | $21.3M |
| Capital Expenditures | $154K+60.4% | $96K-37.7% | $154K+152.5% | $61K+1.7% | $60K-34.8% | $92K-84.6% | $596K+1319.0% | $42K |
| Free Cash Flow | $19.0M-54.9% | $42.3M+209.3% | $13.7M-33.5% | $20.5M+43.6% | $14.3M-50.6% | $28.9M+143.6% | $11.9M-44.1% | $21.3M |
| Investing Cash Flow | -$2.1M-22.5% | -$1.7M+2.7% | -$1.8M+5.2% | -$1.9M+2.5% | -$1.9M+1.1% | -$1.9M+52.5% | -$4.1M-221.0% | -$1.3M |
| Financing Cash Flow | -$54.9M-1119.0% | -$4.5M-190.4% | -$1.6M+94.7% | -$29.5M-261.3% | $18.3M+140.4% | -$45.3M-77.3% | -$25.5M+18.5% | -$31.3M |
| Share Buybacks | $52.8M | $0 | $0-100.0% | $31.1M+4.3% | $29.8M-32.3% | $44.0M+72.5% | $25.5M-16.4% | $30.5M |
Not reported in any period shown, so not listed: Dividends Paid.
MLNK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.5%+1.5pp | 66.0%-0.5pp | 66.5%+0.9pp | 65.6%+1.4pp | 64.2%-2.3pp | 66.5%+0.1pp | 66.4%+1.8pp | 64.7% |
| Operating Margin | 6.2%+1.8pp | 4.4%+4.6pp | -0.2%-3.4pp | 3.2%+4.6pp | -1.4%-5.7pp | 4.3%-4.8pp | 9.1%+1.8pp | 7.3% |
| Net Margin | -3.6%+2.2pp | -5.8%+4.0pp | -9.8%-1.0pp | -8.8%+3.5pp | -12.3%-5.5pp | -6.8%+32.8pp | -39.6%-37.0pp | -2.7% |
| Return on Equity | -0.8%+0.3pp | -1.1%+0.7pp | -1.8%-0.1pp | -1.7%+0.5pp | -2.2%-1.1pp | -1.1%+4.7pp | -5.8%-5.4pp | -0.4% |
| Return on Assets | -0.3%+0.1pp | -0.5%+0.3pp | -0.8%-0.1pp | -0.7%+0.2pp | -1.0%-0.4pp | -0.5%+2.4pp | -3.0%-2.8pp | -0.2% |
| Current Ratio | 2.01-0.2x | 2.22-0.2x | 2.42+0.6x | 1.86-0.2x | 2.04+0.5x | 1.51-0.7x | 2.23+0.1x | 2.08 |
| Debt-to-Equity | 1.18+0.1x | 1.070.0x | 1.090.0x | 1.11+0.1x | 1.06+0.2x | 0.90+0.1x | 0.83+0.1x | 0.76 |
| FCF Margin | 22.5%-29.3pp | 51.8%+34.7pp | 17.2%-8.4pp | 25.6%+7.4pp | 18.2%-19.0pp | 37.2%+21.3pp | 15.9%-11.9pp | 27.8% |
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Where Meridianlink Inc Ranks
Frequently Asked Questions
What is Meridianlink Inc's annual revenue?
Meridianlink Inc (MLNK) reported $316.3M in total revenue for fiscal year 2024. This represents a 4.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Meridianlink Inc's revenue growing?
Meridianlink Inc (MLNK) revenue grew by 4.2% year-over-year, from $303.6M to $316.3M in fiscal year 2024.
Is Meridianlink Inc profitable?
No, Meridianlink Inc (MLNK) reported a net income of -$29.8M in fiscal year 2024, with a net profit margin of -9.4%.
What is Meridianlink Inc's EBITDA?
Meridianlink Inc (MLNK) had EBITDA of $62.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Meridianlink Inc have?
As of fiscal year 2024, Meridianlink Inc (MLNK) had $92.8M in cash and equivalents against $464.9M in long-term debt.
What is Meridianlink Inc's gross margin?
Meridianlink Inc (MLNK) had a gross margin of 65.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Meridianlink Inc's operating margin?
Meridianlink Inc (MLNK) had an operating margin of 1.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Meridianlink Inc's net profit margin?
Meridianlink Inc (MLNK) had a net profit margin of -9.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Meridianlink Inc's return on equity (ROE)?
Meridianlink Inc (MLNK) has a return on equity of -7.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Meridianlink Inc's free cash flow?
Meridianlink Inc (MLNK) generated $77.4M in free cash flow during fiscal year 2024. This represents a 15.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Meridianlink Inc's operating cash flow?
Meridianlink Inc (MLNK) generated $77.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Meridianlink Inc's total assets?
Meridianlink Inc (MLNK) had $961.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Meridianlink Inc's capital expenditures?
Meridianlink Inc (MLNK) invested $367K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Meridianlink Inc spend on research and development?
Meridianlink Inc (MLNK) invested $39.5M in research and development during fiscal year 2024.
What is Meridianlink Inc's current ratio?
Meridianlink Inc (MLNK) had a current ratio of 2.42 as of fiscal year 2024, which is generally considered healthy.
What is Meridianlink Inc's debt-to-equity ratio?
Meridianlink Inc (MLNK) had a debt-to-equity ratio of 1.09 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Meridianlink Inc's return on assets (ROA)?
Meridianlink Inc (MLNK) had a return on assets of -3.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Meridianlink Inc's Altman Z-Score?
Meridianlink Inc (MLNK) has an Altman Z-Score of 1.70, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Meridianlink Inc's Piotroski F-Score?
Meridianlink Inc (MLNK) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Meridianlink Inc's earnings high quality?
Meridianlink Inc (MLNK) reported a net loss of $29.8M while generating $77.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Meridianlink Inc cover its interest payments?
Meridianlink Inc (MLNK) has an interest coverage ratio of 0.12x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Meridianlink Inc?
Meridianlink Inc (MLNK) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.