Climb Global Solutions, Inc. ( (CLMB) ) has released its Q3 earnings. Here is a breakdown of the information Climb Global Solutions, Inc. presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Climb Global Solutions, Inc. is a value-added global IT distribution and solutions company that specializes in emerging and innovative technologies, operating across the U.S., Canada, and Europe. The company provides IT distribution and solutions for industries such as Security, Data Management, Connectivity, and more.
In the third quarter of 2025, Climb Global Solutions reported a significant increase in net sales by 35% to $161.3 million, although net income saw a slight decline compared to the previous year. The company has continued to expand its vendor partnerships and has benefited from its acquisition of Douglas Stewart Software & Services, LLC.
Key financial metrics from the earnings report include an 8% increase in gross billings to $504.6 million, with distribution segment gross billings rising by 9%. Despite a decrease in net income to $4.7 million, adjusted net income was reported at $6.0 million, and adjusted EBITDA was slightly down at $10.9 million. The company also declared a quarterly dividend of $0.17 per share.
Looking forward, Climb Global Solutions aims to continue its growth trajectory through strategic acquisitions, with a focus on expanding its presence in European markets. The company remains optimistic about closing out the year strongly, leveraging its robust balance sheet and history of successful mergers and acquisitions.