CLMB · Climb Global Solutions, Inc.

Climb Global Solutions reported strong first quarter 2026 results, with net sales surging 32% to $182.4 million, driven by double-digit organic growth from new and existing vendors and contributions from the February 24, 2026 acquisition of Interworks. Gross billings, a key operational metric, increased 14% to $542.8 million, reflecting robust transaction volume. Gross profit rose 13% to $26.5 million, while SG&A expenses increased to $20.3 million due to one-time investments in infrastructure and growth initiatives, remaining flat as a percentage of gross billings at 4%. Net income declined to $3.3 million ($0.18 diluted EPS) from $3.7 million ($0.20) in the prior year, impacted by a higher effective tax rate. Adjusted net income was $3.6 million ($0.19 diluted EPS), and adjusted EBITDA grew 4% to $7.9 million, with effective margin of 29.9%. The balance sheet remains strong with $41.8 million in cash and no debt. The company suspended its quarterly dividend to preserve capital for organic and inorganic growth, including strategic acquisitions. Management highlighted the Interworks integration, which adds over 600 cloud reseller relationships, and continued investment in automation and AI tools to scale efficiently. The company evaluated 39 new brands and signed two agreements, consistent with its strategy of cultivating high-impact vendor relationships.