Form 8-K - Current report

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 7, 2024

MeridianLink, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-40680			82-4844620
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

3560 Hyland Avenue, Suite 200

Costa Mesa, CA 92626

(Address of principal executive offices and Zip Code)

[phone]

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.001 per share			MLNK			The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 2.02 Results of Operations and Financial Condition.

On May 7, 2024, MeridianLink, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024. A copy of this press release is furnished as Exhibit 99.1 and is incorporated by reference herein.

Item 7.01 Regulation FD Disclosure.

On May 7, 2024, the Company issued a press release announcing its financial results for the first quarter ended March 31, 2024. A copy of this press release is furnished as Exhibit 99.1 and is incorporated by reference herein.

The Company also furnishes herewith, as Exhibit 99.2, a presentation, dated May 2024, to be given to investors and others and made available on the Company's investor relations website at ir.meridianlink.com.

The information contained in this Item 2.02 and 7.01 of this Current Report on Form 8-K, including the Exhibit 99.1 and 99.2 attached hereto, is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.			Exhibit Description
99.1			Press Release dated May 7, 2024 announcing the financial results for the first quarter ended March 31, 2024.
99.2			Investor Presentation Materials.
104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			MERIDIANLINK, INC.
Date: May 7, 2024
			By:			/s/ Laurence E. Katz
						Laurence E. Katz
						Chief Financial Officer

Exhibit 99.1

MeridianLink Reports First Quarter 2024 Results

First quarter revenue of $77.8 million grows 1% year-over-year driven by lending software solutions revenue of $60.9 million, reflecting growth of 5% year-over-year

COSTA MESA, Calif., May 7, 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 first quarter ended March 31, 2024.

“Our solid first quarter results highlight the team’s ability to continue executing on our strategy to empower customers to out compete with MeridianLink® One,” said Nicolaas Vlok, chief executive officer of MeridianLink®. “In the face of challenging lending conditions, we are well-positioned to capitalize on the opportunities that lie ahead with the solid foundation we have strategically invested in, bolstered by a healthy balance sheet and sound capital allocation strategy.”

Quarterly Financial Highlights:

•Revenue of $77.8 million, an increase of 1% year-over-year

•Lending software solutions revenue of $60.9 million, an increase of 5% year-over-year

•Operating income of $3.4 million, or 4% of revenue, and non-GAAP operating income of $16.3 million, or 21% of revenue    

•Net loss of $(5.3) million, or (7)% of revenue, and adjusted EBITDA of $31.8 million, or 41% of revenue

•Cash flows from operations of $29.0 million, or 37% of revenue, and free cash flow of $27.1 million, or 35% of revenue

Business and Operating Highlights:

•MeridianLink welcomed Larry Katz as its new chief financial officer, bringing extensive financial expertise and strategic leadership to help drive the Company’s financial performance and create value for customers and stockholders.

•We generated solid demand for the MeridianLink One platform, enabling new and existing customers to better meet the evolving needs of clients in both consumer and mortgage lending and capture a greater share of their debt wallet.

•MeridianLink announced Space Coast Credit Union’s successful go-live on its Advanced Decisioning capabilities, resulting in the instant decisioning of 13% more loans overall, and a 53% increase in the decisioning of applications for credit tiers over 660.

•To promote data-driven decision-making, we launched MeridianLink® Insight Lite, our new interactive data analytics and reporting tool that enhances reporting functionality for MeridianLink® Consumer and Opening customers.

Business Outlook

Based on information as of today, May 7, 2024, the Company issues second quarter financial guidance and updates full year 2024 financial guidance as follows:

Second Quarter Fiscal 2024:

•Revenue is expected to be in the range of $76.0 million to $79.0 million

•Adjusted EBITDA is expected to be in the range of $29.0 million to $32.0 million

Full Year 2024:

•Revenue is expected to be in the range of $311.0 million to $319.0 million

•Adjusted EBITDA is expected to be in the range of $123.0 million to $130.0 million

Conference Call Information

MeridianLink will hold a conference call to discuss its first quarter results today, May 7, 2024, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The conference call can be accessed by dialing [phone] from North America toll-free or the International number of [phone] with Conference ID 16153. A live webcast of the conference call can be accessed from the investor relations page of MeridianLink’s website at ir.meridianlink.com. An archived replay of the webcast will be available at the same website following the conclusion of the call. A telephonic replay will be available until 8:59 p.m. Pacific Time (11:59 p.m. Eastern

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Time) on Tuesday, May 14, 2024, by dialing [phone] from North America or the International number of [phone] with Playback Passcode 16153.

For More Information:

Press Contact

Becky Frost

[phone]

[e-mail]

Investor Relations Contact

Gianna Rotellini

[phone]

[e-mail]

About MeridianLink

MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink’s cloud-based digital lending, account opening, background screening, and data verification software solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike.

For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at www.meridianlink.com.

Non-GAAP Financial Measures

To supplement the financial measures presented in accordance with generally accepted accounting principles, or GAAP, we provide certain non-GAAP financial measures, such as adjusted EBITDA and adjusted EBITDA margin; non-GAAP operating income (loss); non-GAAP net income (loss); non-GAAP cost of revenue; non-GAAP sales and marketing expenses; non-GAAP research and development expenses; non-GAAP general and administrative expenses; and free cash flow. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Rather, we believe that these non-GAAP financial measures, when viewed in addition to and not in lieu of our reported GAAP financial results, provide investors with additional meaningful information to assess our financial performance and trends, enable comparison of financial results between periods, and allow for greater transparency with respect to key metrics utilized internally in analyzing and operating our business. The following definitions are provided:

•Non-GAAP operating income (loss): GAAP operating income (loss), excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, expenses associated with our initial public offering and secondary offering, restructuring related costs, and sponsor and third-party acquisition-related costs.

•Non-GAAP net income (loss): GAAP net income (loss), excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, expenses associated with our initial public offering and secondary offering, restructuring related costs, sponsor and third-party acquisition-related costs, and the effect of income taxes, including the partial valuation allowance, on non-GAAP items. The effects of income taxes on non-GAAP items reflect a fixed long-term projected tax rate of 24%.

The Company employs a structural long-term projected non-GAAP income tax rate of 24% for greater consistency across reporting periods, eliminating effects of items not directly related to the Company's operating structure that may vary in size and frequency. This long-term projected non-GAAP income tax rate is determined by analyzing a mix of historical and projected tax filing positions, assumes no additional acquisitions during the projection period or include the impact from the partial deferred tax asset valuation allowance, and takes into account various factors, including the Company’s anticipated tax structure, its tax positions in different jurisdictions, and current impacts from key U.S. legislation where the Company operates. We will reevaluate this tax rate, as necessary, for significant events such as significant alterations in the U.S. tax environment, substantial changes in the Company’s geographic earnings mix due to acquisition activity, or other shifts in the Company’s strategy or business operations.

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•Adjusted EBITDA: net income (loss) before interest expense, taxes, depreciation and amortization, share-based compensation expense, employer payroll taxes on employee stock transactions, expenses associated with our initial public offering and secondary offering, restructuring related costs, sponsor and third-party acquisition related costs, and deferred revenue reductions from purchase accounting for acquisitions prior to the adoption of ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers,” which we early adopted on January 1, 2022 on a prospective basis. Deferred revenue from acquisitions prior to the adoption of ASU 2021-08 was recognized on a straight line basis through December 31, 2023.

•Non-GAAP cost of revenue: GAAP cost of revenue, excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, and amortization of developed technology.

•Non-GAAP operating expenses: GAAP operating expenses, excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, expenses associated with our initial public offering and secondary offering, and depreciation and amortization, as applicable.

•Free cash flow: GAAP cash flow from operating activities less GAAP purchases of property and equipment (Capital Expenditures) and capitalized costs related to developed technology (Capitalized Software).

Reconciliations to comparable GAAP financial measures are available in the accompanying schedules, which are posted as part of this earnings release on our website. No reconciliation is provided with respect to certain forward-looking non-GAAP financial measures as the GAAP measures are not accessible on a forward-looking basis. We cannot reliably predict all necessary components or their impact to reconcile such financial measures without unreasonable effort. The events necessitating a non-GAAP adjustment are inherently unpredictable and may have a significant impact on our future GAAP financial results.

Forward-Looking Statements

This release contains, and our above-referenced conference call and webcast will contain, statements which are not historical facts and are considered forward-looking 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. Generally, these statements can be identified by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” and variations of such words or similar expressions, although not all forward-looking statements contain these identifying words. Further, statements describing our strategy, outlook, guidance, plans, intentions, or goals are also forward-looking statements. These forward-looking statements reflect our predictions, expectations, or forecasts, including, but not limited to, statements regarding, and guidance with respect to, our strategy, our future financial and operational performance, future economic and market conditions, our strategic initiatives, our leadership transition and plans, , our ability to retain and attract customers and product partners, the benefit to us and our customers of integrations with our product partners, our development or delivery of new or enhanced solutions and anticipated results of those solutions for our customers, our ability to effectively implement, integrate, and service our customers, our market size and growth opportunities, our competitive positioning, projected costs, technological capabilities and plans, and objectives of management. Actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, risks related to our business and industry, as well as those set forth in Item 1A. Risk Factors, or elsewhere, in our Annual Report on Form 10-K for the most recently ended fiscal year, any updates in our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K, and our other SEC filings. These forward-looking statements are based on reasonable assumptions as of the date hereof. The plans, intentions, or expectations disclosed in our forward-looking statements may not be achieved, and you should not rely upon forward-looking statements as predictions of future events. We undertake no obligation, other than as required by applicable law, to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

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Condensed Consolidated Balance Sheets

(unaudited)

(in thousands, except share and per share data)

			As of
			March 31, 2024						December 31, 2023
Assets
Current assets:
Cash and cash equivalents			$	62,285					$	80,441
Accounts receivable, net			36,623						32,412
Prepaid expenses and other current assets			12,238						11,574
Total current assets			111,146						124,427
Property and equipment, net			3,011						3,337
Right of use assets, net			967						1,140
Intangible assets, net			238,818						251,060
Goodwill			610,063						610,063
Other assets			6,495						6,224
Total assets			$	970,500					$	996,251
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable			$	4,135					$	4,405
Accrued liabilities			28,369						30,673
Deferred revenue			37,683						17,224
Current portion of debt, net of debt issuance costs			3,543						3,542
Total current liabilities			73,730						55,844
Debt, net of debt issuance costs			419,102						420,004
Deferred tax liabilities, net			10,639						10,823
Long-term deferred revenue			257						792
Other long-term liabilities			439						541
Total liabilities			$	504,167					$	488,004
Commitments and contingencies
Stockholders’ Equity:
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at March 31, 2024 and December 31, 2023			—						—
Common stock, $0.001 par value; 600,000,000 shares authorized, 76,338,829 and 78,447,701 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively			127						129
Additional paid-in capital			662,403						654,634
Accumulated deficit			(196,197)						(146,516)
Total stockholders’ equity			466,333						508,247
Total liabilities and stockholders’ equity			$	970,500					$	996,251

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Condensed Consolidated Statements of Operations

(unaudited)

(in thousands, except share and per share data)

									Three Months Ended March 31,
															2024						2023
Revenues, net															$	77,816					$	77,135
Cost of revenues:
Subscription and services															21,344						23,501
Amortization of developed technology															4,729						4,454
Total cost of revenues															26,073						27,955
Gross profit															51,743						49,180
Operating expenses:
General and administrative															25,179						22,555
Research and development															9,485						13,812
Sales and marketing															10,536						8,213
Restructuring related costs															3,191						2,904
Total operating expenses															48,391						47,484
Operating income															3,352						1,696
Other (income) expense, net:
Interest and other income															(956)						(470)
Interest expense															9,582						9,031
Total other expense, net															8,626						8,561
Loss before income taxes															(5,274)						(6,865)
Provision for (benefit from) income taxes															32						(1,199)
Net loss															$	(5,306)					$	(5,666)
Net loss per share:
Basic															$	(0.07)					$	(0.07)
Diluted															$	(0.07)					$	(0.07)
Weighted average common stock outstanding:
Basic															77,335,072						80,659,978
Diluted															77,335,072						80,659,978

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Net Revenues by Major Source

(unaudited)

(in thousands)

									Three Months Ended March 31,
															2024						2023
Subscription fees															$	65,912					$	66,405
Professional services															9,010						8,435
Other															2,894						2,295
Total															$	77,816					$	77,135

Net Revenues by Solution Type

(unaudited)

(in thousands)

									Three Months Ended March 31,
															2024						2023
Lending software solutions															$	60,903					$	58,001
Data verification software solutions															16,913						19,134
Total															$	77,816					$	77,135
% Growth attributable to:
Lending software solutions															4%
Data verification software															(3)%
Total % growth															1%
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Percent Revenue Related to the Mortgage Loan Market

(unaudited)

									Three Months Ended March 31,
															2024						2023
Lending software solutions															11%						11%
Data verification software															58%						61%
Total % revenue related to mortgage loan market															21%						24%

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Condensed Consolidated Statements of Cash Flows

(unaudited)

(in thousands)

			Three Months Ended March 31,
			2024						2023
Cash flows from operating activities:
Net loss			$	(5,306)					$	(5,666)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization			14,524						14,531
Provision for expected credit losses			234						532
Amortization of debt issuance costs			212						235
Share-based compensation expense			7,803						4,891
Deferred income taxes			(184)						(1,198)
Loss on disposal of property and equipment			6						—
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable			(4,444)						(5,028)
Prepaid expenses and other assets			(960)						(1,636)
Accounts payable			(270)						2,717
Accrued liabilities			(2,501)						1,706
Deferred revenue			19,924						16,997
Net cash provided by operating activities			29,038						28,081
Cash flows from investing activities:
Capitalized software additions			(1,837)						(1,924)
Purchases of property and equipment			(92)						(134)
Net cash used in investing activities			(1,929)						(2,058)
Cash flows from financing activities:
Repurchases of common stock			(44,000)						(3,490)
Proceeds from exercise of stock options			191						594
Taxes paid related to net share settlement of restricted stock units			(294)						(24)
Principal payments of debt			(1,088)						(1,087)
Payments of deferred offering costs			(74)						—
Net cash used in financing activities			(45,265)						(4,007)
Net (decrease) increase in cash and cash equivalents			(18,156)						22,016
Cash and cash equivalents, beginning of period			80,441						55,780
Cash and cash equivalents, end of period			$	62,285					$	77,796

Supplemental disclosures of cash flow information:
Cash paid for interest			$	9,365					$	9,019
Cash paid for income taxes			32						50
Non-cash investing and financing activities:
Shares withheld with respect to net settlement of restricted stock units			294						24
Excise taxes payable included in repurchases of common stock			377						9
Share-based compensation expense capitalized to software additions			69						48
Purchase price allocation adjustment related to income tax effects for StreetShares acquisition			—						245
Purchases of property and equipment included in accounts payable and accrued liabilities			44						79
Vesting of restricted stock awards and restricted stock units			—						4

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Reconciliation from GAAP to Non-GAAP Results

(unaudited)

(in thousands, except share and per share data)

									Three Months Ended March 31,
															2024						2023
Operating income															$	3,352					$	1,696
Add: Share-based compensation expense															7,936						5,190
Add: Employer payroll taxes on employee stock transactions															422						126
Add: Expenses associated with public offering															1,389						—
Add: Restructuring related costs(1)															3,191						2,904
Non-GAAP operating income															$	16,290					$	9,916
Operating margin															4%						2%
Non-GAAP operating margin															21%						13%
									Three Months Ended March 31,
															2024						2023
Net loss															$	(5,306)					$	(5,666)
Add: Share-based compensation expense															7,936						5,190
Add: Employer payroll taxes on employee stock transactions															422						126
Add: Expenses associated with public offering															1,389						—
Add: Restructuring related costs(1)															3,191						2,904
Subtract: Income tax effect on non-GAAP items															(3,105)						(1,973)
Non-GAAP net income															$	4,527					$	581
Non-GAAP basic net income per share															$	0.06					$	0.01
Non-GAAP diluted net income per share															$	0.06					$	0.01
Weighted average shares used to compute Non-GAAP basic net income per share															77,335,072						80,659,978
Weighted average shares used to compute Non-GAAP diluted net income per share															80,479,008						82,538,596
Net loss margin															(7)%						(7)%
Non-GAAP net income margin															6%						1%
									Three Months Ended March 31,
															2024						2023
Net loss															$	(5,306)					$	(5,666)
Interest expense															9,582						9,031
Taxes															32						(1,199)
Depreciation and amortization															14,524						14,531
Share-based compensation expense															7,936						5,190
Employer payroll taxes on employee stock transactions															422						126
Expenses associated with public offering															1,389						—
Restructuring related costs(1)															3,191						2,904
Deferred revenue reduction from purchase accounting for acquisitions prior to 2022															—						20
Adjusted EBITDA															$	31,770					$	24,937
Net loss margin															(7)%						(7)%
Adjusted EBITDA margin															41%						32%

(1) Restructuring related costs for the three months ended March 31, 2024 and 2023 are inclusive of $133 thousand and $299 thousand, respectively, of stock-based compensation forfeitures recorded associated with restructuring.

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Reconciliation from GAAP to Non-GAAP Results

(unaudited)

(in thousands)

									Three Months Ended March 31,
															2024						2023
Cost of revenue															$	26,073					$	27,955
Less: Share-based compensation expense															782						853
Less: Employer payroll taxes on employee stock transactions															48						22
Less: Amortization of developed technology															4,729						4,454
Non-GAAP cost of revenue															$	20,514					$	22,626
Cost of revenue as a % of revenue															34%						36%
Non-GAAP cost of revenue as a % of revenue															26%						29%
									Three Months Ended March 31,
															2024						2023
General and administrative															$	25,179					$	22,555
Less: Share-based compensation expense															4,393						2,264
Less: Employer payroll taxes on employee stock transactions															136						51
Less: Expenses associated with public offering															1,389						—
Less: Depreciation expense															376						495
Less: Amortization of intangibles															9,419						9,582
Non-GAAP general & administrative															$	9,466					$	10,163
General and administrative as a % of revenue															32%						29%
Non-GAAP general and administrative as a % of revenue															12%						13%
									Three Months Ended March 31,
															2024						2023
Research and development															$	9,485					$	13,812
Less: Share-based compensation expense															1,502						1,783
Less: Employer payroll taxes on employee stock transactions															121						27
Non-GAAP research and development															$	7,862					$	12,002
Research and development as a % of revenue															12%						18%
Non-GAAP research and development as a % of revenue															10%						16%
									Three Months Ended March 31,
															2024						2023
Sales and marketing															$	10,536					$	8,213
Less: Share-based compensation expense															1,259						290
Less: Employer payroll taxes on employee stock transactions															117						26
Non-GAAP sales and marketing															$	9,160					$	7,897
Sales and marketing as a % of revenue															14%						11%
Non-GAAP sales and marketing as a % of revenue															12%						10%
									Three Months Ended March 31,
															2024						2023
Net cash provided by operating activities															$	29,038					$	28,081
Less: Capitalized software															1,837						1,924
Less: Capital expenditures															92						134
Free cash flow															$	27,109					$	26,023

©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. 1 Connecting you to better First Quarter 2024 Review May 2024 Exhibit 99.2

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Forward-Looking Statements and Disclaimers 2 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 future events or our future financial or operating performance. All statements other than statements of historical fact included in this presentation and the accompanying oral presentation, including statements regarding, and guidance with respect to, our strategy, future operations, financial position, projected costs, our future financial and operational performance, prospects, market size and growth opportunities, future economic conditions, competitive position, strategic initiatives, development or delivery of new or enhanced solutions, technological capabilities, plans, and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. These forward-looking statements reflect our predictions, expectations, or forecasts. Actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, risks related to economic and market conditions, including interest rate fluctuations; our ability to retain and attract customers; our ability to expand and evolve our offerings, features, and functionalities or respond to rapid technological changes; our ability to identify and integrate strategic initiatives; our leadership transition and plans; our realignment plan, including expected associated timing, benefits, and costs; our stock repurchase programs, including the execution and amount of repurchases; our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; our ability to compete in a highly-fragmented and competitive landscape; market demand for our products and solutions; our ability to effectively implement, integrate, and service our customers; our ability to retain and attract product partners; the benefit to us and our customers of integrations with our product partners; our commercial disputes, including potential losses related thereto; our future financial performance, including, but not limited to, trends in revenue, costs of revenue, gross profit or gross margin, operating expenses, and number of customers; and our high levels of indebtedness; as well as those set forth in Item 1A. Risk Factors, or elsewhere, in our Annual Report on Form 10-K for the most recently ended fiscal year, any updates in our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K, and our other SEC filings. These forward-looking statements are based on reasonable assumptions as of the date hereof. The plans, intentions, or expectations disclosed in our forward-looking statements may not be achieved, and you should not rely upon forward- looking statements as predictions of future events. We undertake no obligation, other than as required by applicable law, to update any forward-looking statements, whether as a result of new information, future events, or otherwise. 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 contains statistical data, estimates, and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on our internal sources. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that data nor do we undertake to update such data after the date of this presentation. Copyright Notice: All copyrightable text and graphics, the selection, arrangement, and presentation of all materials (including information in the public domain) are ©2024 MeridianLink, Inc. All rights reserved. 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 also contain trademarks, service marks, copyrights, and trade names of other companies, which are the property of their respective owners and are used for reference purposes only. Such use should not be construed as an endorsement of the platform and products of MeridianLink. Solely for convenience, trademarks and trade names may appear without the ® or symbols, but such references are not intended to indicate that, with respect to our intellectual property, we will not assert, to the fullest extent under applicable law, our rights or the right of the applicable licensor to these trademarks and trade names.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. MeridianLink at a Glance 3 A leading provider of cloud-based software solutions for regional and community financial institutions GROWTH AND SCALE $69.2M 4% Growth YoY $235.1M$304.3M (8)% Growth YoY 8% Growth YoY PREDICTABLE, RECURRING & ATTRACTIVE MARGIN PROFILE 84% Subscription Fee Revenue 72% Adj. Gross Margin(3) 39% Adj. EBITDA Margin(3) Total Revenue Lending Solutions Revenue Data Verification Solutions Revenue Note: Financial data as of the last-twelve-month period ended March 31, 2024. (1) As of March 31, 2024. (2) Source: 2023 IDC FinTech Rankings Top 100, as of September 2023 (3) Adj. gross profit and adj. EBITDA are non-GAAP Measures. Adj. gross profit is calculated by subtracting non-GAAP cost of revenue from net revenues. Adj. gross profit margin represents adj. gross profit as a percentage of revenues. Adj. EBITDA margin represents Adj. EBITDA as a percentage of revenues. For a definition and reconciliation of non-GAAP cost of revenue and adj. EBITDA, please refer to the Appendix. • Provider of digital lending, credit data, and account opening software solutions • A leading position serving ~2,000 customers across the middle market(1) • Named to IDC Global FinTech Top 50(2) • Headquartered in Costa Mesa, CA • Founded in 1998

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Strong Execution and Transformation as a Public Company 4 Rule of 40+(1) Company Operating with stable, adj. EBITDA-positive growth since IPO Transformed Go-to-Market Strategic investments in go- to-market to enable next stage of growth Next-Gen Platform Launch and Innovation Strengthened positioning by accelerating product and automation capabilities post- cloud migration M&A Execution Successfully executed two acquisitions of OpenClose and StreetShares Key Leadership Up-tiering executive leadership across key functional areas Optimized Services Accelerated implementation driving faster revenue and ACV release (1) Rule of 40 refers to the summation of year-over-year growth of total revenue and adj. EBITDA margin for the quarter ended March 31, 2024. Adj. EBITDA margin represents adj. EBITDA as a percentage of revenues. Adj. EBITDA is a non-GAAP measure. For a definition and reconciliation of adj. EBITDA, please refer to the Appendix.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. ©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. 5 Goals for 2024 and Beyond Next phase of growth acceleration Empower customer’s growth journey and generate demand through digitalization and automation Invest in customer success to achieve full utilization of MeridianLink One, which increases retention and cross- sell opportunity Improve implementation capabilities to accelerate growth for the company through ACV release Strengthen competitive positioning and value of MeridianLink One by acquiring differentiating capabilities and increasing market share 1 2 3 4 Digital Transformation Customer Success Inorganic Growth Opportunities Accelerating Time-to- Revenue

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. 6 MeridianLink Investment Highlights

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Investment Highlights 7 • Attractive Positioning in Large TAM with Significant Runway1 • Multiple Vectors to Sustain Future Growth5 • MeridianLink One: a Unified, Modern Cloud Native Platform4 • A Leader in Strategic Consumer Lending Ecosystem3 • Digital Transformation is Imperative, Driving Demand Among Mid-Market FIs2

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Large TAM with Significant Runway 8 MeridianLink serves nearly the entire consumer lending wallet with runway to expand across the entire addressable market Data Access: Consumer Data & CRA Enablement Total Addressable Market ~$10B$0.3B $0.6B $1.0B $2.4B $5.8B Collections Portfolio & Lending Performance Account Opening & Point-of-Sale Loan Origination(1) Source: "Total Addressable Market Study", Cornerstone Advisors, January 2021. (1) Loan origination market size is inclusive of consumer, mortgage, and commercial loan origination.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Digital Transformation Has Significantly Accelerated 9 Consumer lending is at the forefront of a 10+ year digitalization opportunity I N N O V AT O R S E A R LY A D O P T E R S E A R LY M A J O R I T Y L AT E M A J O R I T Y L A G G A R D S DIG ITA L ADOPTION CURVE 100% 0% Consumer Lending Mortgage Lending Continued digital growth expected as laggards follow the market trends COVID-19 fast-tracked the consumer adoption to digital Growth in Digital Transactions Accelerated Growth vs. pre-COVID Substantial Expected Future YoY Increases

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. FIs Continue to Prioritize Technology Investment 10 Software investment growth to drive required digitalization and optimization, empowering mid-market FIs to more effectively compete >2x DIGITAL SPEND IN 2022 (1) ~30% GROWTH IN TECH SPEND (2) DIGITAL PRIORITIZATION (3) 79% of banks and CUs plan to increase technology spend over next 2 years with digital banking, fraud, and data analytics as top priorities (1) “2023 Digital Banking Performance Metrics,” Cornerstone Advisors, May 2023 (2) “US Bank Technology Spending: Steady Investment to Stave Off Looming Competition,” Insider Intelligence, May 2022 (3) “2023 Strategic Priorities Benchmark Study: Strategic Inflection Points in 2022 Drive Market Shifts in 2023,” Jack Henry, May 2023 6–10% most common expected increase in tech spend 2022 2026E ~$86B ~$112B ~$425K per $1B assets 2022 ~$200K per $1B assets 2021

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Platform Leader Among A Generally Fragmented Competitor Set 11 More comprehensive solutions relative to incumbent and early-stage alternatives • Modern, cloud-based solution • Compelling innovation and delivery • Extensive partner marketplace • Comprehensive and diversified coverage across the consumer debt wallet • Focused on the middle market • Lending implementation efficiency Consumer Loan Origination Mortgage Loan Origination Data VerificationWhy Do We Win?

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. MeridianLink One: A Leading Cloud Native Digital Lending Platform 12 MeridianLink® One unifies the financial institution experience with a powerful, integrated mid-market lending solution to originate consumer and mortgage loans Financial Institutions Borrowers Marketing Automation Universal Portal Universal Platform Intelligent Cross-Sell Collections Data & Analytics Checking / Savings Certificates of Deposits Personal Loan Auto Loan Credit Card Mortgage Home Equity Small Business Data-driven workflows to acquire new customers and extend the financial relationship over time • Shared Data Lake • Enhanced Product Connectivity • Centralized Insights EXPECTATIONS FOR THE NEAR FUTURE

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Multi-Vector Growth Strategy 13 Multiple actionable initiatives to accelerate growth Paper-to-Digital Transition in Target Market Key Customer Themes Underpinning Growth Pursue Unrealized Upsell & Cross-Sell Expand Product Offerings Enhance Partner Marketplace Monetization Robust Pipeline of M&A Opportunities Add New Logos Capitalize on Organic Volume Growth Competition Among Financial Institutions

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Resilient Target Market Growth 14Source: “Credit Union Trends Report," TruStage, March 2024. Federal Reserve Economic Data, Federal Reserve Bank of St. Louis, April 2024 FI Loan Growth Trends Over the Long-Term (% Change Y/Y) Credit unions have continued to be the winners in consumer lending 2.7% Avg. (2009-2023) 7.6% Avg. (2009-2023)

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Targeting New Logos and Expanding the Sweet Spot for Sales 15 Focused sales strategies to strategically grow FI base up and down market <$100M AUM 3,600+ FIs $10B+ AUM 175+ FIs $100M – $1B AUM 4,250+ FIs S W E E T S P O T $1B – $10B AUM 1,200+ FIs D O W N M A R K E T U P M A R K E T Inside Sales Big Game Hunters Multi-Pronged Direct Sales Focused on Market Segments

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Increasing Platform Connectivity Unlocking Cross-Sell Opportunity 16 5 Increase deposits and liquidity Enhance loan origination pipeline to fund more loans Drive engagement and grow revenue from existing relationships Provide a consistent digital consumer experience across all loan types Consumer Scorecard

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Expansive Partner Marketplace Provides FI Flexibility 17 MeridianLink is the gateway for a deep network of partners participating in originations Indirect Auto Portals Home Banking Portals Lead Gen POS Portals Credit Bureaus / Data Custom Scoring Alternative Decisioning Verification Services Fraud Detection Account Funding Switch Kit Doc Engines / Compliance Vehicle Valuation Settlement Services eSignature Core Banking Imaging Cold Storage HMDA Reporting Origination ServicesComplianceDigital Applications UnderwritingFunding & Closing

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. 18 MeridianLink Financial Highlights

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Financial Highlights 19 • Recurring Revenue Model Helps Drive Predictable YoY Growth1 • Strong Non-GAAP Free Cash Flow Conversion and Generation5 • Efficient Operating Model with Strong Unit Economics, Generating Positive Adj. EBITDA4 • Continued Investment in Operations to Drive Future Growth3 • Lending Solutions Software: Attractive Growth Engine2 Note: Adj. EBITDA, non-GAAP free cash flow and non-GAAP operating income are non-GAAP measures. For a definition and reconciliation of non-GAAP adj. EBITDA, free cash flow and operating income, please refer to the Appendix. FCF Conversion refers to non-GAAP free cash flow / non-GAAP operating income.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Recurring Revenue Model Helps Drive Predictable Top Line Growth 20 Total Revenue Quarterly Revenue Breakdown ($ millions) ($ millions) % Subscription Professional Services OtherSubscription Fees Lending Software Solutions Revenue Data Verification Software Solutions Revenue (1) YoY Growth is calculated as current quarter financial performance divided by financial performance of the same quarter a year earlier minus one.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Lending Revenues Have Shown Continued Growth at Scale 21 Lending Solutions Revenue Data Verification Solutions Revenue LTM Q1’24A Total Revenue: $304M % YoY Lending Revenue Growth¹Revenue from Mortgage Loan Market % of Total Revenue % of Lending Software Solutions 2023 Q1’24A 11% 58% Mortgage Contribution to Revenue ($ millions) % of Data Verification Software Solutions (1) YoY Growth is calculated as either the LTM quarter or fiscal year financial performance divided by financial performance of the same LTM quarter a year earlier or previous fiscal year minus one. 12% 59%

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Investing in Future Growth and Transformation 22 Non-GAAP General & Administrative Non-GAAP Research & Development Non-GAAP Sales & Marketing ($ millions) ($ millions) ($ millions) S&M % of RevenueR&D % of RevenueG&A % of Revenue Note: For a definition and reconciliation of non-GAAP operating expenses, please refer to the Appendix.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Attractive Margins 23 Adj. Gross Profit ($ millions) Adj. EBITDA ($ millions) Adj. EBITDA Adj. EBITDA Margin Note: Adj. gross profit and adj. EBITDA are non-GAAP measures. Adj. gross profit is calculated by subtracting non-GAAP cost of revenue from net revenues. Adj. gross profit margin represents adj. gross profit as a percentage of revenues. Adj. EBITDA margin represents adj. EBITDA as a percentage of revenues. For a definition and reconciliation of non-GAAP cost of revenue and adj. EBITDA, please refer to the Appendix. Adj. Gross Profit Adj. Gross Profit Margin

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Attractive Operating Income and Free Cash Flow Conversion 24 Non-GAAP Operating Income Free Cash Flow ($ millions) Non-GAAP Operating Income Non-GAAP Operating Margin Free Cash Flow Free Cash Flow Margin Note: Non-GAAP operating income and Free Cash Flow are non-GAAP measures. Non-GAAP operating margin represents non-GAAP operating income as a percentage of revenues. Free Cash Flow margin represents Free Cash Flow as a percentage of revenues. For a definition and reconciliation of non-GAAP operating income and Free Cash Flow, please refer to the Appendix. (1) Free Cash Flow / Non-GAAP Operating Income. ($ millions) FCF Conversion(1) 117% 113% 262% 182%

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Q4 2023 Performance 25 ($ in thousands) Q1 2023A Q1 2024A Delta Consolidated Statements of Operations Data Revenue $77,135 $77,816 $681 Gross profit 49,180 51,743 2,563 % Gross margin 63.8% 66.5% 2.7% Net (loss) (5,666) (5,306) 360 % Net (loss) margin (7.3)% (6.8)% 0.5% Non-GAAP Financial Data Adj. EBITDA(1) 24,937 31,770 6,833 % Adj. EBITDA margin(1) 32.3% 40.8% 8.5% Note: This financial information has been prepared by and is the responsibility of our management. Our independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to this preliminary financial data or the accounting treatment thereof and does not express an opinion or any other form of assurance with respect thereto. (1) Adj. EBITDA is a non-GAAP measure. Adj. EBITDA margin represents Adj. EBITDA as a percentage of revenues. For a definition and reconciliation of Adj. EBITDA, please refer to the Appendix.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Guidance Update 26 Guidance Update Three Months Ended June 30, 2024 Year Ended December 31, 2024 ($ in thousands) Q2 2023A Low (Estimated) High (Estimated) 2023A Low (Estimated) High (Estimated) Revenue $75,415 $76,000 $79,000 $303,617 $311,000 $319,000 % Growth 3% 1% 5% 5% 2% 5% Adj. EBITDA(1) 27,116 29,000 32,000 112,990 123,000 130,000 % Growth (4)% 7% 18% 2% 9% 15% % Margin(1) 36% 38% 41% 37% 40% 41% Note: This financial information has been prepared by and is the responsibility of our management. Our independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to this preliminary financial data or the accounting treatment thereof and does not express an opinion or any other form of assurance with respect thereto. (1) Adj. EBITDA is a non-GAAP measure. Adj. EBITDA margin represents Adj. EBITDA as a percentage of revenues. For a definition and reconciliation of Adj. EBITDA, please refer to the Appendix.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. 27 Appendix

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED.©2024 MERIDIA LINK, INC. ALL IGHTS RESERVED. Non-GAAP Financial Measures 28 To supplement the financial measures presented in accordance with United States generally accepted accounting principles, or GAAP, we provide certain non-GAAP financial measures, such as adjusted EBITDA and adjusted EBITDA margin; non-GAAP operating income (loss); non-GAAP net income (loss); non-GAAP cost of revenue; non-GAAP sales and marketing expenses; non-GAAP research and development expenses; non-GAAP general and administrative expenses; and Free Cash Flow. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Rather, we believe that these non-GAAP financial measures, when viewed in addition to and not in lieu of our reported GAAP financial results, provide investors with additional meaningful information to assess our financial performance and trends, enable comparison of financial results between periods, and allow for greater transparency with respect to key metrics utilized internally in analyzing and operating our business. The following definitions are provided: • Non-GAAP operating income (loss): GAAP operating income (loss), excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, expenses associated with our initial public offering and secondary offering, restructuring related costs, and sponsor and third-party acquisition-related costs. • Non-GAAP net income (loss): GAAP net income (loss), excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, expenses associated with our initial public offering and secondary offering, restructuring related costs, sponsor and third-party acquisition-related costs, and the effect of income taxes, including the partial valuation allowance, on non-GAAP items. The effects of income taxes on non-GAAP items reflect a fixed long-term projected tax rate of 24%. The Company employs a structural long-term projected non-GAAP income tax rate of 24% for greater consistency across reporting periods, eliminating effects of items not directly related to the Company's operating structure that may vary in size and frequency. This long-term projected non-GAAP income tax rate is determined by analyzing a mix of historical and projected tax filing positions, assumes no additional acquisitions during the projection period or include the impact from the partial deferred tax asset valuation allowance, and takes into account various factors, including the Company’s anticipated tax structure, its tax positions in different jurisdictions, and current impacts from key U.S. legislation where the Company operates. We will reevaluate this tax rate, as necessary, for significant events such as significant alterations in the U.S. tax environment, substantial changes in the Company’s geographic earnings mix due to acquisition activity, or other shifts in the Company’s strategy or business operations. • Adjusted EBITDA: net income (loss) before interest expense, taxes, depreciation and amortization, share-based compensation expense, employer payroll taxes on employee stock transactions, expenses associated with our initial public offering and secondary offering, restructuring related costs, sponsor and third-party acquisition related costs, and deferred revenue reductions from purchase accounting for acquisitions prior to the adoption of ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers,” which we early adopted on January 1, 2022 on a prospective basis. Deferred revenue from acquisitions prior to the adoption of ASU 2021-08 was recognized on a straight line basis through December 31, 2023. • Non-GAAP cost of revenue: GAAP cost of revenue, excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, and amortization of developed technology. • Non-GAAP operating expenses: GAAP operating expenses, excluding the impact of share-based compensation, employer payroll taxes on employee stock transactions, expenses associated with our initial public offering and secondary offering, and depreciation and amortization, as applicable. • Free cash flow: GAAP cash flow from operating activities less GAAP purchases of property and equipment (Capital Expenditures) and capitalized costs related to developed technology (Capitalized Software). Reconciliations to comparable GAAP financial measures are available in the accompanying schedules, which are included in the Appendix of this presentation. No reconciliation is provided with respect to certain forward-looking non-GAAP financial measures as the GAAP measures are not accessible on a forward-looking basis. We cannot reliably predict all necessary components or their impact to reconcile such financial measures without unreasonable effort. The events necessitating a non-GAAP adjustment are inherently unpredictable and may have a significant impact on our future GAAP financial results.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Financial Reconciliations 29 ($ in thousands) 2022A 2023A Q1’24A Reconciliation of Net Income (Loss) to Adjusted EBITDA(1) Net income (loss) $1,294 ($42,539) ($5,306) (+) Interest expense, net 24,227 38,158 $9,582 (+/-) Tax expense3 4,130 23,943 $32 (+) Depreciation & amortization 53,982 57,829 $14,524 (+) Share-based compensation expense 22,761 31,213 $7,936 (+) Employer payroll taxes on employee stock transactions 350 687 $422 (+) Expenses associated with public offering – – $1,389 (+) Restructuring related costs4 – 3,621 $3,191 (+) Sponsor and third-party acquisition related costs 4,228 – – (+) Deferred revenue reduction from purchase accounting for acquisitions prior to 2022 227 78 – Adjusted EBITDA(1) $111,199 $112,990 $31,770 Net income (loss) margin 0% (14)% (7)% Adjusted EBITDA margin(2) 39% 37% 41% Non-GAAP Adjusted EBITDA (1) We define Adj. EBITDA as net income (loss) before interest expense, taxes, depreciation, amortization, share-based compensation expense, employer payroll taxes on employee stock transactions, certain expenses associated with our public offering, sponsor and third-party acquisition related costs, losses resulting from early repayment of debt, impairment of trademarks, lease termination charges, and deferred revenue reductions from purchase accounting. (2) Adj. EBITDA margin represents Adj. EBITDA as a percentage of revenues. (3) Taxes reflects a one-time non-cash tax expense of $29.4 million recorded during the quarter ended December 31, 2023, for the recognition of a partial valuation allowance on certain deferred tax assets. (4) Restructuring related costs for the year ended December 31, 2023 and the three months ended March 31, 2024 are inclusive of $663 thousand and $133 thousand, respectively, of stock-based compensation forfeitures recorded associated with restructuring.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Financial Reconciliations (Cont’d) 30 ($ in thousands) 2022A 2023A Q1’24A Revenues, net $288,046 $303,617 $77,816 Cost of revenue 106,331 108,491 26,073 (-) Share-based compensation expense 4,630 3,848 782 (-) Employer payroll taxes on employee stock transactions 127 157 48 (-) Amortization of developed technology 15,553 18,129 4,729 Non-GAAP cost of revenue 86,021 86,357 20,514 Adjusted gross profit $202,025 $217,260 $57,302 GAAP gross margin 63% 66% 66% Adjusted gross margin 70% 72% 74% Adjusted Gross Profit ($ in thousands) 2022A 2023A Q1’24A Operating income $28,588 $15,533 $3,352 (+) Share-based compensation expense 22,761 31,213 7,936 (+) Employer payroll taxes on employee stock transactions 350 687 422 (+) Expenses associated with public offering – – 1,389 (+) Sponsor and third-party acquisition related costs 4,228 – – (+) Restructuring related costs1 – 3,621 3,191 Non-GAAP operating income $55,927 $51,054 $16,290 GAAP operating margin 10% 5% 4% Non-GAAP operating margin 19% 17% 21% Non-GAAP Operating Income Note: Adj. gross profit is a non-GAAP Measure. Adj. gross profit is calculated by subtracting non-GAAP cost of revenue from net revenues. Adj. gross profit margin represents adj. gross profit as a percentage of revenues. (1) Restructuring related costs for the year ended December 31, 2023 and the three months ended March 31, 2024 are inclusive of $663 thousand and $133 thousand, respectively, of stock-based compensation forfeitures recorded associated with restructuring. ($ in thousands) 2022A 2023A Q1’24A Net cash provided by operating activities $74,587 $67,964 $29,038 (-) Capital expenditures 1,136 943 92 (-) Capitalized software 8,228 9,250 1,837 Non-GAAP free cash flow $65,223 $57,771 $27,109 Net cash provided by operating activities as a % of revenue 26% 22% 37% Free cash flow as a % of revenue 23% 19% 35% Free Cash Flow

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Financial Reconciliations (Cont’d) 31 ($ in thousands) 2022A 2023A Q1’24A Sales and marketing $23,658 $35,792 $10,536 (-) Share-based compensation expense 2,160 3,849 1,259 (-) Employer payroll taxes on employee stock transactions 40 95 117 Non-GAAP sales and marketing $21,458 $31,848 $9,160 GAAP sales and marketing as a % of revenue 8% 12% 14% Non-GAAP sales and marketing as a % of revenue 7% 10% 12% Non-GAAP Sales and Marketing Expense ($ in thousands) 2022A 2023A Q1’24A Research and development $42,592 $47,517 $9,485 (-) Share-based compensation expense 6,472 7,060 1,502 (-) Employer payroll taxes on employee stock transactions 102 189 121 Non-GAAP research and development $36,018 $40,268 $7,862 GAAP research and development as a % of revenue 15% 16% 12% Non-GAAP research and development as a % of revenue 13% 13% 10% Non-GAAP Research and Development Expense ($ in thousands) 2022A 2023A Q1’24A General and administrative $82,649 $92,663 $25,179 (-) Share-based compensation expense 9,499 16,456 4,393 (-) Employer payroll taxes on employee stock transactions 81 246 136 (-) Expenses associated with public offering – – 1,389 (-) Depreciation expense 2,319 1,860 376 (-) Amortization of intangibles 36,110 37,840 9,419 Non-GAAP general and administrative $34,640 $36,261 $9,446 GAAP general and administrative as a % of revenue 29% 31% 32% Non-GAAP general and administrative as a % of revenue 12% 12% 12% Non-GAAP General and Administrative Expense

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Balance Sheet Highlights 32 ($ in thousands) 2022A 2023A Q1’24A Total current assets $128,132 $124,427 $111,146 Property and equipment, net 4,245 3,337 3,011 Intangible assets, net 297,475 251,060 238,818 Goodwill 608,657 610,063 610,063 Other assets 20,648 7,364 7,462 Total assets $1,059,157 $996,251 $970,500 Total current liabilities $54,199 $55,844 $73,730 Long-term debt, net of debt issuance costs 423,404 420,004 419,102 Other liabilities 2,463 12,156 11,335 Total liabilities $480,066 $488,004 $504,167 Total stockholders’ equity 579,091 508,247 466,333 Total liabilities and stockholders’ equity $1,059,157 $996,251 $970,500

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Net Leverage 33 ($ in thousands) 2022A 2023A Q1’24A 2021 Term loan $431,738 $427,388 $426,300 (-) Debt issuance costs 4,829 3,842 3,655 (-) Cash and cash equivalents 55,780 80,441 62,285 Net Leverage $371,129 $343,105 $360,360 LTM Adjusted EBITDA 111,199 112,990 119,823 Leverage multiple 3.3x 3.0x 3.0x 3.1

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED. Financial Supplement 34 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Lending software solutions $ 191.1 $189.2 $188.1 $186.4 $185.5 $182.3 $166.2 $160.0 $152.7 Data verification software solutions $ 65.3 $68.4 $69.3 $71.3 $73.4 $77.1 $81.8 $85.1 $87.0 Total $ 256.4 $257.5 $257.4 $257.7 $258.9 $259.4 $248.1 $245.1 $239.7 Annual Recurring Revenue (ARR)¹ Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Lending software solutions 101.1% 101.4% 106.0% 108.9% 113.3% 113.1% 109.1% 107.8% 107.9% Data verification software solutions 90.3% 88.5% 84.3% 83.5% 84.0% 87.0% 89.9% 92.1% 96.5% Total 98.1% 97.5% 98.8% 100.0% 102.6% 103.4% 101.8% 101.7% 103.3% ARR Net Retention Rate² Organic Customer Growth Rate4 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Lending software solutions 1,555 1,567 1,588 1,594 1,603 1,606 1,519 1,510 1,488 Data verification software solutions 430 429 435 436 430 427 431 427 422 Total 1,985 1,996 2,023 2,030 2,033 2,033 1,950 1,937 1,910 Total Customer³ Count Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Lending software solutions (3.0)% (2.4)% (0.9)% 0.1% 1.5% 2.8% 3.3% 2.9% 2.3% Data verification software solutions 0.0% 0.5% 0.9% 2.1% 1.9% 0.5% 0.0% 0.2% (0.2)% Total (2.4)% (1.8)% (0.5)% 0.5% 1.6% 2.3% 2.5% 2.3% 1.7% (1) Annual Recurring Revenue, or ARR, is calculated as the total subscription fee revenues calculated in the latest twelve-month measurement period for those revenue-generating entities in place throughout the entire twelve-month measurement period plus the subscription fee revenues calculated on an annualized basis from new entity activations in the measurement period. (2) ARR Net Retention Rate is calculated as the total ARR in the latest twelve-month period from the revenue-generating entities in place as of the prior-year period, expressed as a percentage of the total ARR for the prior-year period from the same cohort of entities. (3) Customer defined as a legal entity that has a contractual relationship with us to use our software solutions. (4) Organic Customer Growth Rate is the percentage increase in the number of total customers on the last day of the measurement period compared to the number of total customers on the day twelve months prior to the measurement date, which measures the change in total customers, net of both customer terminations and customer additions between the respective measurement periods.

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©2024 MERIDIANLINK, INC. ALL RIGHTS RESERVED.©2024 MERIDIA LINK, INC. ALL IGHTS RESERVED. [e-mail] 35

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Cover	May 07, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	May 07, 2024
Entity Registrant Name	MeridianLink, Inc.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-40680
Entity Tax Identification Number	82-4844620
Entity Address, Address Line One	3560 Hyland Avenue, Suite 200
Entity Address, City or Town	Costa Mesa
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92626
City Area Code	714
Local Phone Number	708-6950
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	MLNK
Security Exchange Name	NYSE
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Central Index Key	0001834494
Amendment Flag	false

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