Exceptional Growth in Key Financial Metrics
Gross billings in Q1 2025 increased 34% to $474.6 million compared to the prior year. Net sales increased 49% to $138 million, driven by organic growth and the acquisition of DSS.
Strategic Partnerships and Vendor Selection
Climb signed agreements with four new innovative vendors, including a notable contract with Darktrace, contributing to a growing pipeline of over $30 million in potential gross billings.
Successful ERP System Implementation
The new ERP system has improved transactional speed and process accuracy, enhancing efficiency across global operations. All divisions are now live on the system.
Strong Financial Performance
Net income increased 35% to $3.7 million or $0.81 per diluted share. Adjusted EBITDA increased 38% to $7.6 million, reflecting strong organic growth.