MeridianLink, Inc.
(NYSE:MLNK)

MeridianLink, Inc. provides cloud-based software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the United States. Its software solutions enable financial institutions to streamline loan decisioning, account opening, deposit taki...

Website: http://www.meridianlink.com

Founded: 1998

IPO Price: $26 (Jul 28, 2021)

Sector: Technology

Industry: Software—Application

Technology

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30

revenues	84,597,000	81,488,000	79,437,000	80,369,000	78,676,000	77,816,000	74,579,000	76,488,000	75,415,000	77,135,000	70,551,000	71,754,000	72,987,000	72,754,000	64,024,000	67,367,000	68,474,000
cost of revenues:
subscription and services	23,080,000	22,827,000	21,766,000	22,790,000	23,373,000	21,344,000	20,389,000	22,488,000	23,984,000	23,501,000	22,486,000	23,812,000	23,376,000	21,104,000	19,025,000	23,467,000	17,997,000
amortization of developed technology	4,445,000	4,896,000	4,863,000	4,860,000	4,803,000	4,729,000	4,641,000	4,524,000	4,510,000	4,454,000	4,266,000	4,003,000	3,850,000	3,434,000	3,329,000	3,219,000	3,109,000
total cost of revenues	27,525,000	27,723,000	26,629,000	27,650,000	28,176,000	26,073,000	25,030,000	27,012,000	28,494,000	27,955,000	26,752,000	27,815,000	27,226,000	24,538,000	22,354,000	26,686,000	21,106,000
gross profit	57,072,000	53,765,000	52,808,000	52,719,000	50,500,000	51,743,000	49,549,000	49,476,000	46,921,000	49,180,000	43,799,000	43,939,000	45,761,000	48,216,000	41,670,000	40,681,000	47,368,000
yoy	13.01%	3.91%	6.58%	6.55%	7.63%	5.21%	13.13%	12.60%	2.53%	2.00%	5.11%	8.01%	-3.39%
qoq	6.15%	1.81%	0.17%	4.39%	-2.40%	4.43%	0.15%	5.45%	-4.59%	12.29%	-0.32%	-3.98%	-5.09%	15.71%	2.43%	-14.12%
operating expenses:
general and administrative	28,553,000	27,685,000	32,393,000	29,649,000	29,237,000	25,179,000	22,481,000	23,218,000	24,409,000	22,555,000	22,233,000	21,423,000	20,806,000	18,187,000	20,276,000	29,917,000	16,622,000
research and development	11,380,000	10,912,000	10,045,000	10,019,000	9,905,000	9,485,000	10,703,000	11,248,000	11,754,000	13,812,000	12,178,000	11,518,000	10,487,000	8,409,000	8,529,000	13,533,000	7,288,000
sales and marketing	11,933,000	11,603,000	10,687,000	10,492,000	11,467,000	10,536,000	9,580,000	9,441,000	8,558,000	8,213,000	7,139,000	6,311,000	5,465,000	4,743,000	4,305,000	5,994,000	4,224,000
restructuring related costs			-139,000		988,000	3,191,000			717,000	2,904,000
total operating expenses	51,866,000	50,200,000	52,986,000	50,160,000	51,597,000	48,391,000	42,764,000	43,907,000	45,438,000	47,484,000	43,229,000	39,415,000	36,861,000	33,622,000	33,891,000	49,444,000	28,134,000
operating income	5,206,000	3,565,000	-178,000	2,559,000	-1,097,000	3,352,000	6,785,000	5,569,000	1,483,000	1,696,000	570,000	4,524,000	8,900,000	14,594,000	7,779,000	-8,763,000	19,234,000
yoy	-574.57%	6.35%	-102.62%	-54.05%	-173.97%	97.64%	1090.35%	23.10%	-83.34%	-88.38%	-92.67%	-151.63%	-53.73%
qoq	46.03%	-2102.81%	-106.96%	-333.27%	-132.73%	-50.60%	21.84%	275.52%	-12.56%	197.54%	-87.40%	-49.17%	-39.02%	87.61%	-188.77%	-145.56%
other expense, net:
interest and other income	-1,566,000	-1,079,000	-961,000	-1,371,000	-1,636,000	-956,000	-1,433,000	-1,342,000
interest expense	8,715,000	8,712,000	8,880,000	10,165,000	9,797,000	9,582,000	10,031,000	9,780,000	9,316,000	9,031,000	7,578,000	6,855,000	5,436,000	4,358,000	5,542,000	7,165,000	9,846,000
total other expense	7,149,000	7,633,000	7,919,000	8,794,000	8,161,000	8,626,000	8,598,000	8,438,000	8,532,000	8,561,000	7,221,000	6,528,000	5,220,000	4,195,000	11,125,000	11,507,000	9,836,000
income before provision for income taxes	-1,943,000	-4,068,000					-4,195,750	-2,869,000	-7,049,000	-6,865,000	-6,651,000	-2,004,000	3,680,000	10,399,000	-3,346,000	-20,270,000	9,398,000
provision for income taxes	1,070,000	617,000	-352,000	816,000	412,000	32,000	27,761,000	-800,000	-1,819,000	-1,199,000	-1,188,000	890,000	1,508,000	2,920,000	-133,000	1,176,000	1,966,000
net income	-3,013,000	-4,685,000	-7,745,000	-7,051,000	-9,670,000	-5,306,000	-29,574,000	-2,069,000	-5,230,000	-5,666,000	-5,463,000	-2,894,000	2,172,000	7,479,000	-3,213,000	-21,446,000	7,432,000
yoy	-68.84%	-11.70%	-73.81%	240.79%	84.89%	-6.35%	441.35%	-28.51%	-340.79%	-175.76%	70.03%	-86.51%	-70.78%
qoq	-35.69%	-39.51%	9.84%	-27.08%	82.25%	-82.06%	1329.39%	-60.44%	-7.70%	3.72%	88.77%	-233.24%	-70.96%	-332.77%	-85.02%	-388.56%
net income per share															-0.01	-0.34
basic	-0.04	-0.06	-0.1	-0.09	-0.13	-0.07	-0.37	-0.03	-0.06	-0.07	-0.06	-0.04	0.03	0.09
diluted	-0.04	-0.06	-0.1	-0.09	-0.13	-0.07	-0.37	-0.03	-0.06	-0.07	-0.06	-0.04	0.03	0.09
weighted-average common stock outstanding:
basic	76,479,047	76,516,629	76,270,632	75,631,670	76,527,803	77,335,072	80,349,895	81,073,915	80,911,113	80,659,978	80,454,356	80,659,320	80,418,520	79,974,071
diluted	76,479,047	76,516,629	76,270,632	75,631,670	76,527,803	77,335,072	80,349,895	81,073,915	80,911,113	80,659,978	82,403,679	80,659,320	82,223,181	82,228,936
income before income taxes			-5,191,750	-6,235,000	-9,258,000	-5,274,000
acquisition related costs											1,679,000	163,000	103,000	2,283,000
other income									-784,000	-470,000	-357,000	-327,000	-216,000	-163,000			-10,000
loss on debt repayment and extinguishment
class a preferred return																-2,780,000	-9,232,000
net income attributable to common stockholders											-5,463,000	-2,894,000	2,172,000	7,479,000
other expense															-9,750	-9,000
loss on debt repayment															1,087,750	4,351,000
net loss attributable to common stockholders															-3,213,000	-24,226,000
weighted-average common stock outstanding – basic and diluted															63,813,770,000	71,697,083,000
net income per share															-0.01	-0.34
net loss attributable to common unitholders																	-1,800,000
weighted-average units outstanding – basic and diluted																	52,015,526,000
loss per common unit – basic and diluted																	-30

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31

assets
current assets:
cash	91,088,000	128,895,000
accounts receivable	34,585,000	35,412,000	34,422,000	38,868,000	35,924,000	36,623,000	32,412,000	33,996,000	35,104,000	37,401,000	32,905,000	24,913,000	24,913,000	24,913,000	24,913,000	28,565,000	29,086,000	24,913,000
prepaid expenses and other current assets	12,253,000	11,300,000	10,973,000	12,309,000	11,323,000	12,238,000	11,574,000	12,640,000	11,313,000	10,798,000	9,447,000	9,398,000	9,398,000	9,398,000	9,398,000	10,712,000	9,322,000	9,398,000
total current assets	137,926,000	175,607,000	138,160,000	133,443,000	140,256,000	111,146,000	124,427,000	144,196,000	155,289,000	155,995,000	128,132,000	147,956,000	147,956,000	147,956,000	147,956,000	132,306,000	69,865,000	147,956,000
property and equipment	1,749,000	1,893,000	2,167,000	2,362,000	2,664,000	3,011,000	3,337,000	3,651,000	3,491,000	3,891,000	4,245,000	5,989,000	5,989,000	5,989,000	5,989,000	6,300,000	7,105,000	5,989,000
right of use assets	697,000	849,000	1,095,000	639,000	806,000	967,000	1,140,000	1,407,000	1,671,000	1,929,000	2,185,000
intangible assets	177,067,000	188,899,000	201,522,000	214,125,000	226,525,000	238,818,000	251,060,000	262,791,000	274,208,000	285,412,000	297,475,000	298,597,000	298,597,000	298,597,000	298,597,000	309,454,000	320,162,000	298,597,000
goodwill	610,063,000	610,063,000	610,063,000	610,063,000	610,063,000	610,063,000	610,063,000	609,333,000	608,576,000	608,902,000	608,657,000	564,799,000	564,799,000	564,799,000	564,799,000	565,048,000	565,054,000	564,799,000
other assets	9,431,000	9,647,000	8,326,000	7,311,000	6,622,000	6,495,000	6,224,000	5,738,000	5,003,000	4,784,000	4,524,000	4,266,000	4,266,000	4,266,000	4,266,000	3,247,000	3,043,000	4,266,000
total assets	936,933,000	986,958,000	961,333,000	967,943,000	986,936,000	970,500,000	996,251,000	1,045,317,000	1,066,124,000	1,075,806,000	1,059,157,000	1,025,893,000	1,025,893,000	1,025,893,000	1,025,893,000	1,020,166,000	970,350,000	1,025,893,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	4,342,000	5,796,000	6,798,000	6,165,000	6,035,000	4,135,000	4,405,000	4,847,000	4,149,000	3,986,000	1,249,000	2,335,000	2,335,000	2,335,000	2,335,000	1,175,000	2,400,000	2,335,000
accrued liabilities	30,700,000	29,821,000	29,383,000	31,914,000	30,608,000	28,369,000	30,673,000	34,159,000	30,783,000	34,102,000	32,500,000	24,667,000	24,667,000	24,667,000	24,667,000	22,322,000	21,730,000	24,667,000
deferred revenue	30,110,000	39,727,000	17,170,000	29,767,000	28,337,000	37,683,000	17,224,000	26,694,000	26,302,000	34,090,000	16,945,000	14,707,000	14,707,000	14,707,000	14,707,000	20,889,000	21,094,000	14,707,000
current portion of debt, net of debt issuance costs	3,632,000	3,678,000	3,678,000	3,773,000	3,768,000	3,543,000	3,542,000
total current liabilities	68,784,000	79,022,000	57,029,000	71,619,000	68,748,000	73,730,000	55,844,000	69,248,000	64,779,000	75,684,000	54,199,000	43,848,000	43,848,000	43,848,000	43,848,000	44,386,000	49,123,000	43,848,000
long-term debt	463,125,000	463,989,000	464,922,000					420,921,000	421,808,000	422,526,000	423,404,000	425,371,000	425,371,000	425,371,000	425,371,000	419,890,000	613,095,000	425,371,000
deferred tax liabilities	12,069,000	11,598,000	11,287,000	11,369,000	10,928,000	10,639,000	10,823,000
long-term deferred revenue			75,000	160,000	261,000	257,000	792,000	692,000	841,000	992,000	1,141,000
other long-term liabilities	314,000	412,000	527,000	336,000	390,000	439,000	541,000	690,000	845,000	1,165,000	1,322,000					77,000	127,000
total liabilities	544,292,000	555,021,000	533,840,000	549,621,000	547,400,000	504,167,000	488,004,000	491,551,000	488,273,000	500,367,000	480,066,000	469,615,000	469,615,000	469,615,000	469,615,000	464,778,000	662,801,000	469,615,000
commitments and contingencies
stockholders’ equity:
preferred stock, 0.001 par value...
common stock, 0.001 par value...	125,000	127,000	127,000	126,000	126,000	127,000	129,000	130,000	132,000	132,000	128,000	88,000	88,000	88,000	88,000	79,000		88,000
additional paid-in capital	734,970,000	718,186,000	709,057,000	692,285,000	675,191,000	662,403,000	654,634,000	644,854,000	636,193,000	626,905,000	621,396,000	596,542,000	596,542,000	596,542,000	596,542,000	592,448,000	3,368,000	596,542,000
accumulated deficit	-342,454,000	-286,376,000	-281,691,000	-274,089,000	-235,781,000	-196,197,000	-146,516,000	-91,218,000	-58,474,000	-51,598,000	-42,433,000	-40,352,000	-40,352,000	-40,352,000	-40,352,000	-37,139,000	-15,687,000	-40,352,000
total stockholders’ equity	392,641,000	431,937,000	427,493,000	418,322,000	439,536,000	466,333,000	508,247,000	553,766,000	577,851,000	575,439,000	579,091,000	556,278,000	556,278,000	556,278,000				556,278,000
total liabilities and stockholders’ equity	936,933,000	986,958,000	961,333,000	967,943,000	986,936,000	970,500,000	996,251,000	1,045,317,000	1,066,124,000	1,075,806,000	1,059,157,000	1,025,893,000	1,025,893,000	1,025,893,000				1,025,893,000
cash and cash equivalents			92,765,000	82,266,000	93,009,000	62,285,000	80,441,000	97,560,000	108,872,000	77,796,000	55,780,000	113,645,000	113,645,000	113,645,000	113,645,000	93,029,000	29,236,000	113,645,000
debt, net of debt issuance costs				466,137,000	467,073,000	419,102,000	420,004,000
escrow deposit										30,000,000	30,000,000
deferred tax assets								18,201,000	17,886,000	14,893,000	13,939,000	4,286,000	4,286,000	4,286,000	4,286,000	3,811,000	5,121,000	4,286,000
stockholders’ equity
current portion of long-term debt, net of debt issuance costs								3,548,000	3,545,000	3,506,000	3,505,000	2,139,000	2,139,000	2,139,000	2,139,000		1,757,000	2,139,000
deferred rent												396,000	396,000	396,000	396,000	425,000	456,000	396,000
restricted cash																	2,221,000
related party receivable from sellers of meridianlink
liabilities, preferred units, and stockholders’ equity/members’ deficit
tazworks, llc purchase liability
related party liability due to sellers of meridianlink
class a preferred units, no par value; unlimited units authorized, 319,913 units issued and outstanding at december 31, 2020; liquidation preference of 402,607 at december 31, 2020
stockholders’ equity/members’ deficit
class b common units, no par value; unlimited units authorized, 51,492,805 units issued and outstanding at december 31, 2020
total stockholders’ equity/members’ deficit															556,278,000	555,388,000
total liabilities, preferred units, and stockholders’ equity/members’ deficit															1,025,893,000	1,020,166,000
liabilities and stockholders’ equity/members’ deficit
class a preferred units, no par value; unlimited units authorized, 319,913 units issued and outstanding as of december 31, 2020; liquidation preference of 402,607 as of december 31, 2020
class b common units, no par value; unlimited units authorized, 51,492,805 units issued and outstanding as of december 31, 2020
liabilities and members’ deficit
payable due to sellers of teledata communications, inc.																	2,142,000
class a preferred units, no par value, unlimited units authorized, 319,859 and 319,913 units issued and outstanding as of june 30, 2021 and december 31, 2020, respectively; liquidation preference of 420,706 and 402,607 as of june 30, 2021 and december 31, 2020, respectively																	319,859,000
members’ deficit
class b common units, no par value, unlimited units authorized, 52,112,904 and 51,492,805 units issued and outstanding as of june 30, 2021 and december 31, 2020, respectively																	9,000
total members’ deficit																	-12,310,000
total liabilities, preferred units, and members’ deficit																	970,350,000
revenues																	68,474,000
cost of revenues:
subscription and services																	17,997,000
amortization of developed technology																	3,109,000
total cost of revenues																	21,106,000
gross profit																	47,368,000
operating expenses:
general and administrative																	16,622,000
research and development																	7,288,000
sales and marketing																	4,224,000
total operating expenses																	28,134,000
operating income																	19,234,000
other income, net:
other income																	-10,000
interest expense																	9,846,000
total other income																	9,836,000
income before benefit from income taxes																	9,398,000
benefit from income taxes																	1,966,000
net income																	7,432,000
class a preferred return																	-9,232,000
net income attributable to common unitholders																	-1,800,000
weighted-average units outstanding – basic and diluted																	52,015,526,000
loss per common unit – basic and diluted																	-30

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30

cash flows from operating activities:
net loss	-3,013,000	-4,685,000		-7,051,000	-9,670,000	-5,306,000
adjustments to reconcile net loss to net cash from operating activities:
depreciation	300,000	383,000
amortization of intangible assets	13,851,000	14,303,000
amortization of costs capitalized to obtain revenue contracts	1,154,000	1,109,000
provision for expected credit losses	-203,000	555,000	174,000	43,000	327,000	234,000	303,000	186,000	-91,000	532,000
amortization of debt issuance costs	293,000	282,000	-94,000	283,000	252,000	212,000	188,000	228,000	434,000	235,000	1,055,000	276,000	945,000	484,000	862,000	734,000
share-based compensation expense	17,122,000	12,381,000	16,672,000	14,254,000	12,626,000	7,803,000	8,334,000	8,323,000	9,002,000	4,891,000	6,260,000	7,254,000	5,439,000	3,808,000
deferred income taxes	470,000	311,000	-82,000	441,000	289,000	-184,000	28,137,000	-315,000	-2,994,000	-1,198,000	-3,288,000	1,168,000	1,346,000	2,679,000	-66,000	1,150,000
changes in operating assets and liabilities:
accounts receivable	2,102,000	-1,751,000	4,877,000	-2,987,000	371,000	-4,444,000	1,283,000	914,000	2,388,000	-5,028,000	-41,000	1,842,000	-1,558,000	-7,248,000	3,652,000	608,000
prepaid expenses and other current assets and other assets	-2,488,000	-2,146,000
accounts payable	-1,432,000	-1,021,000	677,000	83,000	1,945,000	-270,000	-462,000	677,000	238,000	2,717,000	-1,114,000	609,000	-1,360,000	301,000	1,078,000	-922,000
accrued liabilities and other long-term liabilities	658,000	147,000
deferred revenue	-9,617,000	22,482,000	-12,682,000	1,330,000	-9,343,000	19,924,000	-9,370,000	243,000	-7,939,000	16,997,000	-5,550,000	-604,000	-6,510,000	14,586,000	-6,182,000	-205,000
net cash from operating activities	19,197,000	42,350,000	13,813,000	20,595,000	14,356,000	29,038,000	12,478,000	21,301,000	6,104,000	28,081,000	7,352,000	19,565,000	12,807,000	34,863,000	20,823,000	19,103,000
capital expenditures	-2,102,000	-1,716,000	-1,763,000	-1,860,000	-1,907,000	-1,929,000	-2,842,000	-2,484,000	-2,809,000	-2,058,000	-2,152,000	-2,653,000	-2,618,000	-1,941,000	-1,467,000	-1,513,000
free cash flows	17,095,000	40,634,000	12,050,000	18,735,000	12,449,000	27,109,000	9,636,000	18,817,000	3,295,000	26,023,000	5,200,000	16,912,000	10,189,000	32,922,000	19,356,000	17,590,000
cash flows from investing activities:
capitalized software additions	-1,948,000	-1,620,000	-1,609,000	-1,799,000	-1,847,000	-1,837,000	-2,246,000	-2,442,000	-2,638,000	-1,924,000	-1,905,000	-2,244,000	-2,557,000	-1,522,000	-1,316,000	-1,374,000
purchases of property and equipment	-154,000	-96,000	-154,000	-61,000	-60,000	-92,000	-596,000	-42,000	-171,000	-134,000	-247,000	-409,000	-61,000	-419,000	-151,000	-139,000
net cash from investing activities	-2,102,000	-1,716,000	-1,763,000	-1,860,000	-1,907,000	-1,929,000	-4,061,000	-1,265,000	27,517,000	-2,058,000	-63,981,000	-2,732,000	-55,677,000	-1,941,000	-652,000	-1,500,000
cash flows from financing activities:
repurchases of common stock			0	-31,059,000	-29,788,000	-44,000,000	-25,511,000	-30,515,000	-1,655,000	-3,490,000	-3,113,000	-69,000
excise taxes paid on share repurchases
proceeds from exercise of stock options	27,000	14,000	2,157,000	4,006,000	531,000	191,000	740,000	608,000	431,000	594,000	25,000	0	7,000	179,000	397,000
proceeds from employee stock purchase plan			863,000	0			886,000	0			855,000	0
taxes paid related to net share settlement of restricted stock units	-1,394,000	-3,326,000	-2,976,000	-1,234,000	-1,382,000	-294,000	-264,000
principal payments of debt	-1,178,000	-1,192,000	-1,192,000	-1,190,000	-1,190,000	-1,088,000	-1,087,000
proceeds from debt issuance
payments of debt issuance costs			0	0											-5,237,000	0
payments of deferred offering costs			0	-1,000	0	-74,000									-355,000	-2,427,000
net cash from financing activities	-54,902,000	-4,504,000	-1,551,000	-29,478,000	18,275,000	-45,265,000	-25,536,000	-31,348,000	-2,545,000	-4,007,000	-3,343,000	-1,340,000	-3,617,000	179,000	445,000	43,969,000
net increase in cash and cash equivalents	-37,807,000	36,130,000	10,499,000	-10,743,000	30,724,000	-18,156,000	-17,119,000	-11,312,000	31,076,000	22,016,000
cash and cash equivalents, beginning of period	0	92,765,000	0	0	0	80,441,000	0	0	0	55,780,000
cash and cash equivalents, end of period	-37,807,000	128,895,000	10,499,000	-10,743,000	30,724,000	62,285,000	-17,119,000	-11,312,000	31,076,000	77,796,000
net income							-29,574,000	-2,069,000	-5,230,000	-5,666,000	-5,463,000	-2,894,000	2,172,000	7,479,000	-3,213,000	-21,446,000
adjustments to reconcile net income to net cash from operating activities:
loss on disposal of property and equipment			12,000	84,000	0	6,000
gain on change in fair value of earnout											0
changes in operating assets and liabilities, net of acquisitions:
prepaid expenses and other assets			-3,759,000	-1,699,000	763,000	-960,000	930,000	-2,200,000	-759,000	-1,636,000	2,777,000	-3,141,000	1,121,000	-460,000	453,000	-4,405,000
accrued liabilities			-2,856,000	1,221,000	2,224,000	-2,501,000	-1,732,000	881,000	-3,369,000	1,706,000	-2,034,000	1,818,000	-2,259,000	194,000	1,969,000	810,000
return (payment) of escrow deposit							0	0
funds received in connection with former business combination
funds paid in connection with former business combination
acquisition, net of cash acquired – beanstalk networks llc
acquisition, net of cash and restricted cash acquired – streetshares, inc.											1,000	-79,000
payment of regulation a+ investor note											0	0
depreciation and amortization				14,593,000	14,572,000	14,524,000	14,441,000	14,433,000	14,424,000	14,531,000	14,236,000	13,370,000	13,471,000	12,905,000	12,799,000	12,697,000
return of escrow deposit
proceeds from debt				0
loss on sublease liability															0	0
loss on debt repayment and extinguishment
other adjustments															0	-2,000
deferred rent															-23,000	-22,000
acquisition, net of cash and restricted cash acquired – saylent technologies, inc.
acquisition, net of cash acquired – tazworks, llc
repurchases of class a units															0	0
repurchases of class b units															0	0
proceeds from initial public offering, net of underwriters’ discounts and commissions															80,000
payment due to effect of corporate conversion															0
proceeds from long-term debt															435,000,000	0
payments of class a cumulative preferred return															0	0
payment to sellers of saylent technologies, inc.
payment to sellers of teledata communications, inc															0
holdback payment to sellers of meridianlink															0
acquisition, net of cash acquired – beanstalk networks l.l.c.								0
funds payable in connection with former business combination
loss on disposal of fixed assets											514,000	29,000	0	135,000		317,000
taxes paid related to net share settlement of rsus									-1,026,000	-24,000	-22,000
principal payments of long-term debt									-1,088,000	-1,087,000	-1,088,000	-1,087,000			-428,665,000	-200,000,000
impairment of trademarks
acquisition, net of cash acquired – teledata communications, inc.
escrow deposit											0	0
payments of financing obligation due to related party
net increase in cash, cash equivalents and restricted cash											-59,972,000			33,101,000	20,616,000	61,572,000
cash, cash equivalents and restricted cash, beginning of period											0	0	0	113,645,000	0
cash, cash equivalents and restricted cash, end of period											-59,972,000	15,493,000	-46,487,000	146,746,000	20,616,000
reconciliation of cash, cash equivalents, and restricted cash
cash and cash equivalents											-59,972,000	15,493,000	-46,487,000	146,746,000	20,616,000	63,793,000
restricted cash
cash, cash equivalents, and restricted cash											-59,972,000	15,493,000	-46,487,000	146,746,000	20,616,000	61,572,000
provision for doubtful accounts
net decrease in cash, cash equivalents and restricted cash
loss on disposal of fixed assets and termination of financing obligation
related party receivable due from sellers of meridianlink
proceeds from financing obligation due to related party
payments to sellers of meridianlink
stock/unit-based compensation expense
loss on debt repayment
acquisitions, net of cash acquired – tazworks, llc																1,000
acquisitions, net of cash acquired – saylent technologies, inc																12,000
unit-based compensation expense
holdback payment to prior shareholders
cash, cash equivalents, and restricted cash, beginning of period
cash, cash equivalents, and restricted cash, end of period
supplemental disclosures of cash flow information:
cash paid for interest
cash paid for income taxes
non-cash investing and financing activities:
purchases of property and equipment included in accounts payable and accrued expenses
deferred offering costs included in accounts payable and accrued expenses
vesting of class b units
paycheck protection program (“ppp”) loan forgiven, reclassified from long- and short-term debt to payable due to sellers of teledata communications, inc
related party receivable net against holdback payment to prior shareholders

MeridianLink, Inc.(NYSE:MLNK)

MeridianLink, Inc.
(NYSE:MLNK)