CLMB

MKT CAP:$387M

Climb Global Solutions, Inc.

Market Cap

$387M

Technology·Technology Distributors·🇺🇸 United States·NASDAQ

Technology·Technology·🇺🇸·NASDAQ

Stock Price

$21.13-$79.40 (-78.98%)

Apr 24, 2026

Company Details

Climb Global Solutions Inc. operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution an...

CEO

Dale Richard Foster

IPO Date

Jul 18, 1995

Website

www.climbglobalsolutions.com

Key Metrics TTM

Revenue

$551M

+56.6% YoY

Net Income

$17M

EPS (Diluted)

$3.75

Free Cash Flow

$40M

Revenue / Share

$121.49

Gross Margin

16.8%

Operating Margin

4.2%

Net Margin

3.1%

FCF Margin

7.2%

P/S

0.7x

P/E

22.6x

Earnings Reports

Q4 2025

Apr 29, 2026

PENDING

Q3 2025

Oct 30, 2025

$161MEPS $1.02

Q2 2025

Jul 31, 2025

$159MEPS $1.30

Q1 2025

May 1, 2025

$138M+49.4%EPS $0.81

FY 2024

Mar 11, 2025

$466M+32.3%EPS $4.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$61M	$8M	$3M
Q1 20	$63M	$8M	$938.0K
Q2 20	$57M	$7M	$758.0K
Q3 20	$61M	$7M	$817.0K
Q4 20	$71M	$11M	$3M
Q1 21	$63M	$11M	$2M
Q3 22	$76M	$14M	$4M
Q4 22	$89M	$16M	$6M
Q1 23	$85M	$15M	$4M
Q2 23	$82M	$14M	$2M
Q3 23	$78M	$14M	$3M
Q4 23	$107M	$21M	$8M
Q1 24	$92M	$17M	$4M
Q1 25	$138M	$23M	$5M
Q2 25	$159M	$26M	$8M
Q3 25	$161M	$26M	$7M

Valuation

Quarter	P/S	P/E
Q4 19	1.9x	57.0x
Q1 20	1.7x	62.8x
Q2 20	1.7x	79.2x
Q3 20	1.6x	97.4x
Q4 20	1.5x	86.4x
Q1 21	1.5x	75.0x
Q3 22	1.4x	56.8x
Q4 22	1.3x	35.0x
Q1 23	1.2x	32.7x
Q2 23	1.2x	33.0x
Q3 23	1.2x	32.7x
Q4 23	1.1x	31.8x
Q1 24	1.1x	33.4x
Q1 25	0.9x	27.9x
Q2 25	0.8x	22.1x
Q3 25	0.7x	22.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	$6M	$6M
Q1 20	-$2M	-$2M
Q2 20	$39M	$39M
Q3 20	-$4M	-$4M
Q4 20	$5M	$5M
Q1 21	$8M	$8M
Q3 22	$7M	$6M
Q4 22	-$3M	-$4M
Q1 23	$44M	$42M
Q2 23	-$14M	-$16M
Q3 23	$9M	$8M
Q4 23	$4M	$3M
Q1 24	$14M	$13M
Q1 25	$8M	$8M
Q2 25	-$2M	-$3M
Q3 25	$22M	$22M

Capital Expenditures

Quarter	CapEx
Q4 19	$14.0K
Q1 20	$0
Q2 20	$0
Q3 20	$1.0K
Q4 20	$3.0K
Q1 21	$123.0K
Q3 22	$827.0K
Q4 22	$1M
Q1 23	$1M
Q2 23	$2M
Q3 23	$1M
Q4 23	$809.0K
Q1 24	$1M
Q1 25	$729.0K
Q2 25	$672.0K
Q3 25	$271.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 19	+24.1%	+24.4%
Q1 20	+39.6%	+43.0%
Q2 20	+11.7%	+15.3%
Q3 20	+16.3%	+19.3%
Q4 20	+17.4%	+17.7%
Q1 21	+0.3%	-1.5%
Q3 22	+34.8%	+30.0%
Q4 22	+45.9%	+37.7%
Q1 23	+19.0%	+17.7%
Q2 23	+30.1%	+32.0%
Q3 23	+2.9%	+3.6%
Q4 23	+20.1%	+19.6%
Q1 24	+8.7%	+10.0%
Q1 25	+68.9%	+66.1%
Q2 25	+103.0%	+101.3%
Q3 25	+51.1%	+56.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$139.0K	0.2%
Q1 20	$167.0K	0.3%
Q2 20	$233.0K	0.4%
Q3 20	$637.0K	1.0%
Q4 20	$241.0K	0.3%
Q1 21	$279.0K	0.4%
Q3 22	$777.0K	1.0%
Q4 22	$406.0K	0.5%
Q1 23	$529.0K	0.6%
Q2 23	$2M	2.7%
Q3 23	$687.0K	0.9%
Q4 23	$726.0K	0.7%
Q1 24	$822.0K	0.9%
Q1 25	$1M	1.0%
Q2 25	$1M	0.7%
Q3 25	$1M	0.7%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 19	$120.0K	$5M	—
Q1 20	$7M	—	—
Q2 20	$509.0K	$5M	—
Q3 20	$6M	—	—
Q4 20	$166.0K	$7M	—
Q1 21	$8M	—	—
Q3 22	—	—	$9M
Q4 22	$9M	$198.0K	—
Q1 23	$4M	$6M	—
Q2 23	—	—	$12M
Q3 23	—	—	$10M
Q4 23	—	—	$13M
Q1 24	—	—	$13M
Q1 25	—	—	$17M
Q2 25	—	—	$16M
Q3 25	—	—	$16M

Revenue Segments

Quarter	Distribution	Solutions	Distribution Segment	Solutions Segment
Q3 22	$67M	$10M	—	—
Q1 23	$79M	$6M	—	—
Q2 23	$76M	$6M	—	—
Q3 23	$72M	$6M	—	—
Q4 23	$98M	$8M	—	—
Q1 24	$87M	$6M	—	—
Q2 25	—	—	$153M	$6M
Q3 25	—	—	$154M	$7M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$37M	$0	$37M
Q2 22	$29M	$0	$29M
Q3 22	$24M	$0	$24M
Q4 22	$20M	$0	$20M
Q1 23	$62M	$0	$62M
Q2 23	$44M	$0	$44M
Q3 23	$50M	$0	$50M
Q4 23	$36M	$0	$36M
Q1 24	$44M	$0	$44M
Q2 24	$48M	$0	$48M
Q3 24	$22M	$0	$22M
Q4 24	$30M	$0	$30M
Q1 25	$32M	$0	$32M
Q2 25	$29M	$0	$29M
Q3 25	$50M	$0	$50M
Q4 25	$37M	$0	$37M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 19	4M	+0.2%	+1.0%
Q1 20	4M	+0.2%	+1.0%
Q2 20	4M	-4.3%	-3.6%
Q3 20	4M	-0.9%	-4.7%
Q4 20	4M	+0.4%	-4.6%
Q1 21	4M	+0.3%	-4.5%
Q3 22	4M	+2.2%	+2.0%
Q4 22	4M	+0.3%	+3.2%
Q1 23	4M	+0.3%	+3.1%
Q2 23	4M	+0.7%	+3.5%
Q3 23	4M	+0.4%	+1.7%
Q4 23	4M	+0.3%	+1.7%
Q1 24	4M	+0.2%	+1.6%
Q1 25	4M	+1.3%	+2.3%
Q2 25	5M	+0.5%	+2.4%
Q3 25	5M	+0.3%	+2.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	—	—
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q3 22	—	—
Q4 22	$296.4K	300
Q1 23	$283.5K	300
Q2 23	$272.4K	300
Q3 23	$261.5K	300
Q4 23	$292.6K	365
Q1 24	$253.2K	365
Q1 25	$350.4K	394
Q2 25	$404.3K	394
Q3 25	$409.5K	394

Revenue / Employee