| Up 37% to $220.3 millio | Up 40% to $706.4 millio | Up 69% to $7.9 millio | $0.43, up f om $0.25 | Up 35% to $14.7 millio |
EATONTOWN, N.J., Oct. 28, 2026 (GLOBE NEWSWIRE) — Climb Global Solutio s, I c. (NASDAQ: CLMB) (“Climb” o the “Compa y”), a value-added global IT cha el compa y p ovidi g u ique sales a d dist ibutio solutio s fo i ovative tech ology ve do s, is epo ti g esults fo the thi d qua te e ded Septembe 30, 2026.
- Climb epo ts eco d esults ac oss ce tai key fi a cial met ics i cludi g et sales, g oss billi gs (a key ope atio al met ic defi ed below), g oss p ofit a d et i come.
- Net sales i c eased 37% to $220.3 millio .
- G oss billi gs i c eased 40% to $706.4 millio . Dist ibutio segme t g oss billi gs i c eased 41% to $680.5 millio , a d Solutio s segme t g oss billi gs i c eased 14% to $25.9 millio .
- Net i come i c eased 69% to $7.9 millio o $0.43 pe diluted sha e.
- Adjusted et i come (a o -GAAP fi a cial measu e defi ed below) i c eased 34% to $8.0 millio o $0.43 pe diluted sha e.
- Adjusted EBITDA (a o -GAAP fi a cial measu e defi ed below) i c eased 35% to $14.7 millio .
“We delive ed eco d esults ac oss ce tai key fi a cial met ics i Q3, d ive by st o g mome tum ac oss ou ve do po tfolio, co ti ued executio agai st ou st ategic p io ities a d co t ibutio s f om ou acquisitio of i te wo ks.cloud (“I te wo ks”) ea lie this yea ,” said CEO Dale Foste . “Ou focused li e ca d is ce t al to ou pe fo ma ce as 19 of ou top 20 ve do s ge e ated seque tial g owth du i g the qua te . We a e also seei g mea i gful p og ess ac oss seve al ewe elatio ships, i cludi g Fo ti et a d Da kt ace, u de sco i g ou ability to ide tify a d develop high-impact pa t e s. As we expa d these elatio ships a d g ow ou ve do po tfolio, we a e maki g st ategic i vestme ts i tech ology a d automatio to suppo t g eate scale, efficie cy a d ope ati g leve age ac oss ou global platfo m.”
“Subseque t to qua te e d, we expa ded ou Eu opea p ese ce th ough the acquisitio of NeoVAD, bolste i g ou positio i F a ce with a highly compleme ta y team, eselle etwo k a d ve do po tfolio. The t a sactio builds o ou i vestme ts ac oss Eu ope a d c eates additio al oppo tu ities to deepe key ve do elatio ships, b oade the solutio s available to ou cha el pa t e s a d leve age ou existi g i f ast uctu e ac oss the egio . We believe NeoVAD is a excelle t st ategic fit a d a othe impo ta t step i buildi g g eate scale a d capabilities ac oss ou Eu opea ope atio s.”
“Looki g ahead, we emai focused o ide tifyi g eme gi g tech ologies that ca st e gthe ou li e ca d a d suppo t co ti ued o ga ic g owth. We will also evaluate acc etive acquisitio oppo tu ities that fit Climb’s cultu e a d high-touch model, with Eu ope as a key a ea of focus. We believe ou st o g bala ce sheet, coupled with ou p ove t ack eco d of executio , will e able us to close out 2026 o a st o g ote a d delive a othe yea of eco d pe fo ma ce.”
Net sales i the thi d qua te of 2026 i c eased 37% to $220.3 millio , compa ed to $161.3 millio fo the same pe iod i 2025. This eflects st o g double-digit o ga ic g owth f om ew a d existi g ve do s. I additio , g oss billi gs i the thi d qua te of 2026 i c eased 40% to $706.4 millio , compa ed to $504.6 millio i the yea -ago pe iod.
G oss p ofit i the thi d qua te of 2026 i c eased 28% to $33.0 millio , compa ed to $25.7 millio fo the same pe iod i 2025. The i c ease was d ive by o ga ic g owth f om ew a d existi g ve do s i both No th Ame ica a d Eu ope, as well as co t ibutio f om I te wo ks.
Selli g, ge e al, a d admi ist ative (“SG&A”) expe ses i the thi d qua te of 2026 we e $20.9 millio , compa ed to $16.2 millio i the yea -ago pe iod. The i c ease was p ima ily att ibutable to SG&A associated with I te wo ks a d va iable sales compe satio att ibuted to the g owth i o ga ic g oss p ofit. SG&A i Q3 2026 was also impacted by i vestme ts i IT i f ast uctu e a d automatio i itiatives desig ed to imp ove ope ati g efficie cies. SG&A as a pe ce tage of g oss billi gs dec eased to 3.0% fo the thi d qua te of 2026 compa ed to 3.2% i the yea -ago pe iod.
Net i come i the thi d qua te of 2026 i c eased 69% to $7.9 millio o $0.43 pe diluted sha e, compa ed to $4.7 millio o $0.25 pe diluted sha e i the p io yea pe iod. Adjusted et i come i c eased 34% to $8.0 millio o $0.43 pe diluted sha e, compa ed to $6.0 millio o $0.33 pe diluted sha e fo the yea -ago pe iod.
Adjusted EBITDA i the thi d qua te of 2026 i c eased 35% to $14.7 millio compa ed to $10.9 millio i the same pe iod i 2025. Effective ma gi , which is defi ed as adjusted EBITDA as a pe ce tage of g oss p ofit, i c eased 230 basis poi ts to 44.6%, compa ed to 42.3% fo the same pe iod i 2025.
O Septembe 30, 2026, cash a d cash equivale ts we e $66.9 millio , compa ed to $36.6 millio o Decembe 31, 2025. The i c ease i cash was p ima ily att ibuted to the timi g of eceivable collectio s a d payables. Climb had o outsta di g debt o Septembe 30, 2026, with o bo owi gs outsta di g u de its $50 millio evolvi g c edit facility.
Fo mo e i fo matio o the o -GAAP fi a cial measu es discussed i this p ess elease, please see the sectio titled, “No -GAAP Fi a cial Measu es,” a d the eco ciliatio s of o -GAAP fi a cial measu es to thei ea est compa able GAAP fi a cial measu es at the e d of this p ess elease.
The Compa y will co duct a co fe e ce call tomo ow, Octobe 29, 2026, at 8:30 a.m. Easte time to discuss its esults fo the thi d qua te e ded Septembe 30, 2026.
Climb ma ageme t will host the co fe e ce call, followed by a questio -a d-a swe pe iod.
Date: Thu sday, Octobe 29, 2026Time: 8:30 a.m. Easte timeToll-f ee dial-i umbe : (800) 267-6316I te atio al dial-i umbe : (203) 518-9783Co fe e ce ID: CLIMBWebcast: Climb’s Q3 2026 Co fe e ce Call
If you have a y difficulty egiste i g o co ecti g with the co fe e ce call, please co tact Elevate IR at (720) 330-2829.
The co fe e ce call will also be available fo eplay o the i vesto elatio s sectio of the Compa y’s website at www.climbglobalsolutio s.com.
Climb Global Solutio s, I c. (NASDAQ:CLMB) is a value-added global IT dist ibutio a d solutio s compa y specializi g i eme gi g a d i ovative tech ologies. Climb ope ates ac oss the US, Ca ada a d Eu ope th ough multiple busi ess u its, i cludi g Climb Cha el Solutio s, G ey Matte a d Climb Global Se vices. The Compa y p ovides IT dist ibutio a d solutio s fo compa ies i the Secu ity, Data Ma ageme t, Co ectivity, Sto age & HCI, Vi tualizatio & Cloud, a d Softwa e & ALM i dust ies.
Additio al i fo matio ca be fou d by visiti g www.climbglobalsolutio s.com.
Climb Global Solutio s uses o -GAAP fi a cial measu es, i cludi g adjusted et i come, adjusted EBITDA a d effective ma gi , as suppleme tal measu es of the pe fo ma ce of the Compa y’s busi ess. Use of these fi a cial measu es has limitatio s, a d you should ot co side them i isolatio o use them as substitutes fo a alysis of Climb’s fi a cial esults u de ge e ally accepted accou ti g p i ciples i the U ited States of Ame ica (“U.S. GAAP”). The attached tables p ovide defi itio s of these measu es a d a eco ciliatio of each o -GAAP fi a cial measu e to the most ea ly compa able measu e u de U.S. GAAP.
G oss Billi gs
G oss billi gs a e the total dolla value of custome pu chases of goods a d se vices du i g the pe iod, et of custome etu s a d c edit memos, sales, o othe taxes. G oss billi gs i clude the t a sactio values fo ce tai sales t a sactio s that a e ecog ized o a et basis, a d, the efo e, i cludes amou ts that will ot be ecog ized as eve ue. We use g oss billi gs as a ope atio al met ic to assess the volume of t a sactio s o ma ket sha e fo ou busi ess as well as to u de sta d cha ges i ou accou ts eceivable a d accou ts payable. We believe g oss billi gs will aid i vesto s i the same ma e .
The stateme ts i this elease, othe tha stateme ts of histo ical fact, a e “fo wa d-looki g stateme ts” withi the mea i g of Sectio 27A of the Secu ities Act of 1933, as ame ded, a d Sectio 21E of the Secu ities Excha ge Act of 1934, as ame ded (the “Excha ge Act”), a d a e i te ded to come withi the safe ha bo p otectio p ovided by those sectio s. These fo wa d-looki g stateme ts a e subject to ce tai isks a d u ce tai ties. Ma y of the fo wa d-looki g stateme ts may be ide tified by wo ds such as “looki g ahead,” “believes,” “expects,” “i te ds,” “a ticipates,” “pla s,” “estimates,” “p ojects,” “fo ecasts,” “should,” “could,” “would,” “will,” “co fide t,” “may,” “ca ,” “pote tial,” “possible,” “p oposed,” “i p ocess,” “u de co st uctio ,” “i developme t,” “oppo tu ity,” “ta get,” “outlook,” “mai tai ,” “co ti ue,” “goal,” “aim,” “commit,” o simila exp essio s, o whe we discuss ou p io ities, st ategy, goals, visio , missio , oppo tu ities, p ojectio s, i te tio s o expectatio s. I this p ess elease, the fo wa d-looki g stateme ts elate to, amo g othe thi gs, decla i g a d eaffi mi g ou st ategic goals, futu e ope ati g esults, a d the effects a d pote tial be efits of st ategic acquisitio s o ou busi ess, ou expectatio s ega di g co ti ued o ga ic g owth, expa sio of ve do elatio ships, i vestme ts i tech ology a d automatio , a ticipated ope ati g efficie cies a d ope ati g leve age, a d ou ability to achieve eco d a ual fi a cial esults, a d the Compa y’s capital allocatio objectives. Facto s, amo g othe s, that could cause actual esults a d eve ts to diffe mate ially f om those desc ibed i a y fo wa d-looki g stateme ts i clude, without limitatio , ou ability to ecog ize the a ticipated be efits of the acquisitio s of NeoVAD a d I te wo ks, i cludi g ou ability to successfully i teg ate the acqui ed busi esses, etai key pe so el a d ve do elatio ships, a d achieve a ticipated ope atio al a d fi a cial be efits; ou ability to sustai o ga ic g owth; ide tify, fi a ce, complete a d i teg ate acquisitio s o acceptable te ms; ealize a ticipated be efits a d sy e gies; ma age cha ges i p oduct mix a d g oss ma gi s; a d execute pla ed i vestme ts i systems, pe so el a d i f ast uctu e; the co ti ued accepta ce of the Compa y’s dist ibutio cha el by ve do s a d custome s, the timely availability a d accepta ce of ew p oducts, p oduct mix, ma ket co ditio s, competitive p ici g p essu es, co t ibutio of key ve do elatio ships a d suppo t p og ams, i flatio , impo t a d expo t ta iffs, the successful i teg atio of a tificial i tellige ce tools, i te est ate isk a d impact the eof, as well as facto s that affect the softwa e i dust y i ge e al. The fo wa d-looki g stateme ts co tai ed he ei speak o ly as of the date of this elease a d a e subject ge e ally to othe isks a d u ce tai ties that a e desc ibed i the sectio e titled “Risk Facto s” co tai ed i Item 1A. of ou A ual Repo t o Fo m 10-K fo the fiscal yea e ded Decembe 31, 2025, a d f om time to time i the Compa y’s fili gs with the Secu ities a d Excha ge Commissio . We u de take o obligatio to update a y fo wa d-looki g stateme ts to eflect eve ts o ci cumsta ces afte the date of this elease, except as equi ed by law.
Matthew Sulliva Chief Fi a cial Office (732) 847-2451MatthewS@ClimbCS.com
Sea Ma sou i, CFA o Aa o D’SouzaElevate IR(720) 330-2829CLMB@elevate-i .com
| Septembe 30, 2026 | Decembe 31, 2025 | ASSETS | Cu e t assets | Cash a d cash equivale ts | $ | 66,949 | $ | 36,563 | Accou ts eceivable, et of allowa ce fo expected c edit losses of $671 a d $669, espectively | 342,138 | 324,345 | I ve to y, et | 3,907 | 2,502 | P epaid expe ses a d othe cu e t assets | 13,839 | 10,825 | Total cu e t assets | 426,833 | 374,235 | Equipme t a d leasehold imp oveme ts, et | 13,990 | 13,339 | Goodwill | 41,930 | 36,838 | Othe i ta gibles, et | 32,932 | 32,228 | Right-of-use assets, et | 1,692 | 1,717 | Accou ts eceivable lo g-te m, et | 441 | 1,233 | Othe assets | 424 | 510 | Defe ed i come tax assets | 167 | 133 | Total assets | $ | 518,409 | $ | 460,233 | LIABILITIES AND STOCKHOLDERS’ EQUITY | Cu e t liabilities | Accou ts payable | $ | 323,155 | $ | 309,670 | Acc ued expe ses a d othe cu e t liabilities | 51,422 | 26,835 | Lease liability, cu e t po tio | 651 | 791 | Te m loa , cu e t po tio | — | 191 | Total cu e t liabilities | 375,228 | 337,487 | Lease liability, et of cu e t po tio | 1,211 | 1,216 | Defe ed i come tax liabilities | 5,378 | 4,923 | Othe o -cu e t liabilities | 2,469 | 28 | Total liabilities | 384,286 | 343,654 | Stockholde s’ equity | Commo stock, $.01 pa value; 40,000,000 sha es autho ized, 21,138,000 sha es | issued, a d 18,657,963 a d 18,442,472 sha es outsta di g, espectively | 211 | 53 | Additio al paid-i capital | 45,449 | 42,338 | T easu y stock, at cost, 2,480,037 a d 2,695,528 sha es, espectively | (15,450 | ) | (14,909 | ) | Retai ed ea i gs | 103,830 | 87,039 | Accumulated othe comp ehe sive i come | 83 | 2,058 | Total stockholde s’ equity | 134,123 | 116,579 | Total liabilities a d stockholde s’ equity | $ | 518,409 | $ | 460,233 |
| Ni e mo ths e ded | Th ee mo ths e ded | Septembe 30, | Septembe 30, | 2026 | 2025 | 2026 | 2025 | Net Sales | $ | 576,890 | $ | 458,671 | $ | 220,306 | $ | 161,343 | Cost of sales | 487,224 | 383,234 | 187,296 | 135,610 | G oss p ofit | 89,666 | 75,437 | 33,010 | 25,733 | Selli g, ge e al a d admi ist ative expe ses | 61,874 | 49,339 | 20,872 | 16,226 | Dep eciatio & amo tizatio expe se | 6,131 | 5,696 | 2,068 | 1,976 | Acquisitio elated costs | 437 | 733 | 118 | 594 | Total selli g, ge e al a d admi ist ative expe ses | 68,442 | 55,768 | 23,058 | 18,796 | I come f om ope atio s | 21,224 | 19,669 | 9,952 | 6,937 | I te est, et | 834 | 562 | 416 | 224 | Fo eig cu e cy t a sactio gai (loss) | 522 | (566 | ) | 498 | 2 | Cha ge i fai value of acquisitio co ti ge t co side atio | – | (1,374 | ) | – | (860 | ) | I come befo e p ovisio fo i come taxes | 22,580 | 18,291 | 10,866 | 6,303 | P ovisio fo i come taxes | 5,790 | 3,945 | 2,929 | 1,607 | Net i come | $ | 16,790 | $ | 14,346 | $ | 7,937 | $ | 4,696 | I come pe commo sha e – Basic | $ | 0.90 | $ | 0.78 | $ | 0.43 | $ | 0.25 | I come pe commo sha e – Diluted | $ | 0.90 | $ | 0.78 | $ | 0.43 | $ | 0.25 | Weighted ave age commo sha es outsta di g – Basic | 18,279 | 18,072 | 18,323 | 18,144 | Weighted ave age commo sha es outsta di g – Diluted | 18,279 | 18,072 | 18,323 | 18,144 | Divide ds paid pe commo sha e | $ | – | $ | 0.13 | $ | – | $ | 0.04 |
Note: Sha e a d pe -sha e i fo matio p ese ted i this elease has bee et ospectively adjusted to eflect the fou -fo -o e stock split completed o Ma ch 20, 2026.
| The table below p ese ts et i come eco ciled to adjusted EBITDA (No -GAAP) (1): | Ni e mo ths e ded | Th ee mo ths e ded | Septembe 30, | Septembe 30, | Septembe 30, | Septembe 30, | 2026 | 2025 | 2026 | 2025 | Net i come | $ | 16,790 | $ | 14,346 | $ | 7,937 | $ | 4,696 | P ovisio fo i come taxes | 5,790 | 3,945 | 2,929 | 1,607 | Dep eciatio a d amo tizatio | 6,131 | 5,696 | 2,068 | 1,976 | I te est expe se | 253 | 226 | 68 | 67 | EBITDA | 28,964 | 24,213 | 13,002 | 8,346 | Sha e-based compe satio | 4,538 | 3,574 | 1,609 | 1,078 | Acquisitio elated costs | 437 | 733 | 118 | 594 | Cha ge i fai value of acquisitio co ti ge t co side atio | – | 1,374 | – | 860 | Adjusted EBITDA | $ | 33,939 | $ | 29,894 | $ | 14,729 | $ | 10,878 | G oss p ofit | $ | 89,666 | $ | 75,437 | $ | 33,010 | $ | 25,733 | Net i come % | 18.7 | % | 19.0 | % | 24.0 | % | 18.2 | % | Effective ma gi % – Adjusted EBITDA | 37.9 | % | 39.6 | % | 44.6 | % | 42.3 | % | Ni e mo ths e ded | Th ee mo ths e ded | Septembe 30, | Septembe 30, | Septembe 30, | Septembe 30, | 2026 | 2025 | 2026 | 2025 | Amo tizatio of discou t o accou ts eceivable with exte ded payme t te ms | $ | (58 | ) | $ | (34 | ) | $ | (19 | ) | $ | (10 | ) | I te est i come | (1,029 | ) | (754 | ) | (465 | ) | (281 | ) | I te est expe se | 253 | 226 | 68 | 67 | I te est, et | $ | (834 | ) | $ | (562 | ) | $ | (416 | ) | $ | (224 | ) |
(1) We defi e adjusted EBITDA, as et i come, plus p ovisio fo i come taxes, dep eciatio , amo tizatio , sha e-based compe satio , i te est expe se, acquisitio elated costs a d cha ge i fai value of acquisitio co ti ge t co side atio . We defi e effective ma gi as adjusted EBITDA as a pe ce tage of g oss p ofit. We p ovided a eco ciliatio of adjusted EBITDA to et i come, which is the most di ectly compa able US GAAP measu e. We use adjusted EBITDA as a suppleme tal measu e of ou pe fo ma ce to gai i sight i to ou busi esses p ofitability, ope ati g pe fo ma ce a d pe fo ma ce t e ds, a d to p ovide ma ageme t a d i vesto s a useful measu e fo pe iod-to-pe iod compa iso s by excludi g items that ma ageme t believes a e ot eflective of ou u de lyi g ope ati g pe fo ma ce. Ma ageme t uses effective ma gi to assess the p opo tio of g oss p ofit co ve ted i to adjusted EBITDA. We believe this atio assists i vesto s i compa i g ope ati g pe fo ma ce ac oss pe iods with diffe e t eve ue a d p oduct mixes. Acco di gly, we believe that Adjusted EBITDA p ovides useful i fo matio to i vesto s a d othe s i u de sta di g a d evaluati g ou ope ati g esults. Adjusted EBITDA is also a compo e t to ou fi a cial cove a ts i ou c edit facility. Ou use of adjusted EBITDA has limitatio s, a d you should ot co side it i isolatio o as a substitute fo a alysis of ou fi a cial esults as epo ted u de US GAAP. I additio , othe compa ies, i cludi g compa ies i ou i dust y, might calculate adjusted EBITDA, o simila ly titled measu es diffe e tly, which may educe thei useful ess as compa ative measu es.
| The table below p ese ts et i come eco ciled to adjusted et i come (No -GAAP) (2): | Ni e mo ths e ded | Th ee mo ths e ded | Septembe 30, | Septembe 30, | Septembe 30, | Septembe 30, | 2026 | 2025 | 2026 | 2025 | Net i come | $ | 16,790 | $ | 14,346 | $ | 7,937 | $ | 4,696 | Acquisitio elated costs | 437 | 733 | 118 | 594 | Cha ge i fai value of acquisitio co ti ge t co side atio | – | 1,374 | – | 860 | I come tax effect of adjustme ts | (109 | ) | (183 | ) | (30 | ) | (149 | ) | Adjusted et i come | $ | 17,118 | $ | 16,270 | $ | 8,026 | $ | 6,002 | Adjusted et i come pe commo sha e – diluted | $ | 0.92 | $ | 0.89 | $ | 0.43 | $ | 0.33 |
(2) We defi e adjusted et i come as et i come excludi g acquisitio elated costs, et of i come taxes a d the cha ge i fai value of acquisitio co ti ge t co side atio . We p ovided a eco ciliatio of adjusted et i come to et i come, which is the most di ectly compa able U.S. GAAP measu e. We use adjusted et i come a d adjusted et i come pe commo sha e as suppleme tal measu es of ou pe fo ma ce to gai i sight i to ou busi esses p ofitability, ope ati g pe fo ma ce a d pe fo ma ce t e ds, a d to p ovide ma ageme t a d i vesto s a useful measu e fo pe iod-to-pe iod compa iso s by excludi g items that ma ageme t believes a e ot eflective of ou u de lyi g ope ati g pe fo ma ce. Acco di gly, we believe that adjusted et i come a d adjust et i come pe commo sha e p ovide useful i fo matio to i vesto s a d othe s i u de sta di g a d evaluati g ou ope ati g esults. Ou use of adjusted et i come has limitatio s, a d you should ot co side it i isolatio o as a substitute fo a alysis of ou fi a cial esults as epo ted u de U.S. GAAP. I additio , othe compa ies, i cludi g compa ies i ou i dust y, might calculate adjusted et i come, o simila ly titled measu es diffe e tly, which may educe thei useful ess as compa ative measu es.
| The table below p ese ts the ope atio al met ic of g oss billi gs by segme t (3): | Ni e mo ths e ded | Th ee mo ths e ded | Septembe 30, | Septembe 30, | Septembe 30, | Septembe 30, | 2026 | 2025 | 2026 | 2025 | Dist ibutio g oss billi gs | $ | 1,764,295 | $ | 1,412,503 | $ | 680,498 | $ | 481,884 | Solutio s g oss billi gs | 72,167 | 67,247 | 25,876 | 22,716 | Total g oss billi gs | $ | 1,836,462 | $ | 1,479,750 | $ | 706,374 | $ | 504,600 |
(3) G oss billi gs a e the total dolla value of custome pu chases of goods a d se vices du i g the pe iod, et of custome etu s a d c edit memos, sales, o othe taxes. G oss billi gs i clude the t a sactio values fo ce tai sales t a sactio s that a e ecog ized o a et basis, a d, the efo e, i clude amou ts that will ot be ecog ized as eve ue. We use g oss billi gs as a ope atio al met ic to assess the volume of t a sactio s o ma ket sha e fo ou busi ess as well as to u de sta d cha ges i ou accou ts eceivable a d accou ts payable. We believe g oss billi gs will aid i vesto s i the same ma e .
