Climb Global Solutions Reports Record Third Quarter 2026 Results

Quarterly profit grew faster than sales, while Climb expanded its European business through the completed NeoVAD acquisition.

Rhea-AI Summary

Climb Global Solutions (NASDAQ: CLMB) reported third-quarter 2026 net sales of $220.3 million, up 37% from the year-earlier quarter. Net income rose 69% to $7.9 million, with diluted earnings per share of $0.43 versus $0.25. Gross billings, which include transactions not fully recognized as revenue, increased 40% to $706.4 million. Gross profit rose 28% to $33.0 million.

Adjusted EBITDA, a non-GAAP earnings measure, increased 35% to $14.7 million. Its share of gross profit rose to 44.6% from 42.3%. Selling, general and administrative expenses increased to $20.9 million from $16.2 million. Cash reached $66.9 million at September 30, versus $36.6 million at year-end 2025, primarily reflecting collection and payment timing; no debt was outstanding. After quarter-end, Climb acquired NeoVAD, expanding its presence in France. Management expects another year of record performance.

19 points · 0 major

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Positive

• Moderate pointQ3 net sales increased 37% year over year to $220.3 million.
• Moderate pointQ3 net income increased 69% to $7.9 million; diluted EPS rose to $0.43 from $0.25.
• Moderate pointQ3 gross profit increased 28% year over year to $33.0 million.
• Moderate pointDistribution gross billings increased 41% year over year to $680.5 million in Q3.
• Moderate pointQ3 adjusted EBITDA, a non-GAAP earnings measure, increased 35% to $14.7 million.
• Moderate pointQ3 effective margin, adjusted EBITDA divided by gross profit, increased 230 basis points to 44.6%.
• Moderate pointQ3 adjusted net income increased 34% to $8.0 million; adjusted diluted EPS rose to $0.43 from $0.33.
• Moderate pointCash increased to $66.9 million at September 30 from $36.6 million at year-end, primarily on collection and payment timing.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Management expects another year of record performance in 2026.

10 minor points

• Minor pointSolutions gross billings increased 14% year over year to $25.9 million in Q3.
• Minor pointQ3 operating income rose to $9.952 million from $6.937 million a year earlier.
• Minor pointNo outstanding debt at September 30; the $50 million revolving credit facility remained undrawn.
• Minor pointNeoVAD acquisition completed after quarter-end, expanding Climb’s presence in France.
• Minor point19 of the top 20 vendors generated sequential growth during Q3.
• Minor pointNine-month net sales rose to $576.890 million from $458.671 million in the comparable 2025 period.
• Minor pointNine-month gross profit rose to $89.666 million from $75.437 million a year earlier.
• Minor pointNine-month net income rose to $16.790 million from $14.346 million; diluted EPS increased to $0.90 from $0.78.
• Minor pointNine-month adjusted EBITDA increased to $33.939 million from $29.894 million a year earlier.
• Minor point. Forward-looking: it has not happened yet and may not happen.Acquisition plans include evaluating accretive opportunities, with Europe a focus.

Negative

• Moderate pointQ3 SG&A expenses increased to $20.9 million from $16.2 million a year earlier.
• Minor pointNine-month effective margin declined to 37.9% from 39.6% in the comparable 2025 period.
• Minor pointNine-month SG&A expenses increased to $61.874 million from $49.339 million a year earlier.
• Minor pointQ3 share-based compensation increased to $1.609 million from $1.078 million a year earlier.
• Minor pointDividends paid per share were zero in Q3 and the first nine months, versus $0.04 and $0.13 respectively.

News Explained

Climb reported shares outstanding of 18,657,963 at September 30, 2026, up from 18,442,472 at December 31, 2025; for holders keeping the same share count, the increase reduces their proportional ownership.

Key Figures

Net sales: $220.3 million, up 37% Gross billings: $706.4 million, up 40% Net income: $7.9 million, up 69% +5 more

Net sales

$220.3 million, up 37%

Q3 2026 vs. year-ago quarter

Gross billings

$706.4 million, up 40%

Q3 2026 vs. year-ago quarter

Net income

$7.9 million, up 69%

Q3 2026 vs. year-ago quarter

Diluted earnings per share

$0.43 vs. $0.25

Q3 2026 vs. year-ago quarter

Adjusted net income

$8.0 million, up 34%

Q3 2026 vs. year-ago quarter; non-GAAP

Adjusted EBITDA

$14.7 million, up 35%

Q3 2026 vs. year-ago quarter; non-GAAP

Gross profit

$33.0 million, up 28%

Q3 2026 vs. year-ago quarter

Effective margin

44.6% vs. 42.3%

Q3 2026 vs. year-ago quarter

Previous Earnings Reports

5 past events · Latest: Jul 29

Same Type 5 events

1. Jul 29

   Q2 earnings

   24h Move

   -5.9%

   Net income fell and adjusted EBITDA was flat as net sales increased.

2. Apr 29

   Q1 earnings

   24h Move

   -21.6%

   The report included a dividend suspension alongside mixed financial results.

3. Feb 25

   FY2025 earnings

   24h Move

   -3.2%

   Net sales, net income and adjusted EBITDA increased year over year.

4. Oct 29

   Q3 earnings

   24h Move

   -8.0%

   Net sales and net income increased, while effective margin declined.

5. Jul 30

   Q2 earnings

   24h Move

   +16.2%

   Net sales, net income and adjusted EBITDA increased.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ebitda, non-gaap financial measure, sg&a, revolving credit facility

4 terms

ebitda financial

"Adjusted EBITDA (a non-GAAP financial measure defined below)"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

non-gaap financial measure financial

"Adjusted net income (a non-GAAP financial measure defined below)"

A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.

sg&a financial

"Selling, general, and administrative (“SG&A”) expenses"

SG&A stands for Selling, General, and Administrative expenses. It includes the costs a company spends on selling products, running the business day-to-day, and managing staff, like advertising, rent, and salaries. These expenses matter because they affect how much profit a company can make from its sales.

revolving credit facility financial

"no borrowings outstanding under its $50 million revolving credit facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

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Financial Metric	Q3 2026 Performance vs. Same Year-Ago Quarter
Net Sales	Up 37% to $220.3 million
Gross Billings	Up 40% to $706.4 million
Net Income	Up 69% to $7.9 million
Diluted Earnings per Share	$0.43, up from $0.25
Adjusted EBITDA	Up 35% to $14.7 million

EATONTOWN, N.J., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ: CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, is reporting results for the third quarter ended September 30, 2026.

Third Quarter 2026 Summary vs. Same Year-Ago Quarter

• Climb reports record results across certain key financial metrics including net sales, gross billings (a key operational metric defined below), gross profit and net income.
• Net sales increased 37% to $220.3 million.
• Gross billings increased 40% to $706.4 million. Distribution segment gross billings increased 41% to $680.5 million, and Solutions segment gross billings increased 14% to $25.9 million.
• Net income increased 69% to $7.9 million or $0.43 per diluted share.
• Adjusted net income (a non-GAAP financial measure defined below) increased 34% to $8.0 million or $0.43 per diluted share.
• Adjusted EBITDA (a non-GAAP financial measure defined below) increased 35% to $14.7 million.
  
  

Management Commentary

“We delivered record results across certain key financial metrics in Q3, driven by strong momentum across our vendor portfolio, continued execution against our strategic priorities and contributions from our acquisition of interworks.cloud (“Interworks”) earlier this year,” said CEO Dale Foster. “Our focused line card is central to our performance as 19 of our top 20 vendors generated sequential growth during the quarter. We are also seeing meaningful progress across several newer relationships, including Fortinet and Darktrace, underscoring our ability to identify and develop high-impact partners. As we expand these relationships and grow our vendor portfolio, we are making strategic investments in technology and automation to support greater scale, efficiency and operating leverage across our global platform.”

“Subsequent to quarter end, we expanded our European presence through the acquisition of NeoVAD, bolstering our position in France with a highly complementary team, reseller network and vendor portfolio. The transaction builds on our investments across Europe and creates additional opportunities to deepen key vendor relationships, broaden the solutions available to our channel partners and leverage our existing infrastructure across the region. We believe NeoVAD is an excellent strategic fit and another important step in building greater scale and capabilities across our European operations.”

“Looking ahead, we remain focused on identifying emerging technologies that can strengthen our line card and support continued organic growth. We will also evaluate accretive acquisition opportunities that fit Climb’s culture and high-touch model, with Europe as a key area of focus. We believe our strong balance sheet, coupled with our proven track record of execution, will enable us to close out 2026 on a strong note and deliver another year of record performance.”

Third Quarter 2026 Financial Results

Net sales in the third quarter of 2026 increased 37% to $220.3 million, compared to $161.3 million for the same period in 2025. This reflects strong double-digit organic growth from new and existing vendors. In addition, gross billings in the third quarter of 2026 increased 40% to $706.4 million, compared to $504.6 million in the year-ago period.

Gross profit in the third quarter of 2026 increased 28% to $33.0 million, compared to $25.7 million for the same period in 2025. The increase was driven by organic growth from new and existing vendors in both North America and Europe, as well as contribution from Interworks.

Selling, general, and administrative (“SG&A”) expenses in the third quarter of 2026 were $20.9 million, compared to $16.2 million in the year-ago period. The increase was primarily attributable to SG&A associated with Interworks and variable sales compensation attributed to the growth in organic gross profit. SG&A in Q3 2026 was also impacted by investments in IT infrastructure and automation initiatives designed to improve operating efficiencies. SG&A as a percentage of gross billings decreased to 3.0% for the third quarter of 2026 compared to 3.2% in the year-ago period.

Net income in the third quarter of 2026 increased 69% to $7.9 million or $0.43 per diluted share, compared to $4.7 million or $0.25 per diluted share in the prior year period. Adjusted net income increased 34% to $8.0 million or $0.43 per diluted share, compared to $6.0 million or $0.33 per diluted share for the year-ago period.

Adjusted EBITDA in the third quarter of 2026 increased 35% to $14.7 million compared to $10.9 million in the same period in 2025. Effective margin, which is defined as adjusted EBITDA as a percentage of gross profit, increased 230 basis points to 44.6%, compared to 42.3% for the same period in 2025.

On September 30, 2026, cash and cash equivalents were $66.9 million, compared to $36.6 million on December 31, 2025. The increase in cash was primarily attributed to the timing of receivable collections and payables. Climb had no outstanding debt on September 30, 2026, with no borrowings outstanding under its $50 million revolving credit facility.

For more information on the non-GAAP financial measures discussed in this press release, please see the section titled, “Non-GAAP Financial Measures,” and the reconciliations of non-GAAP financial measures to their nearest comparable GAAP financial measures at the end of this press release.

Conference Call

The Company will conduct a conference call tomorrow, October 29, 2026, at 8:30 a.m. Eastern time to discuss its results for the third quarter ended September 30, 2026.

Climb management will host the conference call, followed by a question-and-answer period.

Date: Thursday, October 29, 2026
Time: 8:30 a.m. Eastern time
Toll-free dial-in number: (800) 267-6316
International dial-in number: (203) 518-9783
Conference ID: CLIMB
Webcast: Climb’s Q3 2026 Conference Call

If you have any difficulty registering or connecting with the conference call, please contact Elevate IR at (720) 330-2829.

The conference call will also be available for replay on the investor relations section of the Company’s website at www.climbglobalsolutions.com.

About Climb Global Solutions

Climb Global Solutions, Inc. (NASDAQ:CLMB) is a value-added global IT distribution and solutions company specializing in emerging and innovative technologies. Climb operates across the US, Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and Climb Global Services. The Company provides IT distribution and solutions for companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.

Additional information can be found by visiting www.climbglobalsolutions.com.

Non-GAAP Financial Measures

Climb Global Solutions uses non-GAAP financial measures, including adjusted net income, adjusted EBITDA and effective margin, as supplemental measures of the performance of the Company’s business. Use of these financial measures has limitations, and you should not consider them in isolation or use them as substitutes for analysis of Climb’s financial results under generally accepted accounting principles in the United States of America (“U.S. GAAP”). The attached tables provide definitions of these measures and a reconciliation of each non-GAAP financial measure to the most nearly comparable measure under U.S. GAAP.

Key Operational Metric

Gross Billings

Gross billings are the total dollar value of customer purchases of goods and services during the period, net of customer returns and credit memos, sales, or other taxes. Gross billings include the transaction values for certain sales transactions that are recognized on a net basis, and, therefore, includes amounts that will not be recognized as revenue. We use gross billings as an operational metric to assess the volume of transactions or market share for our business as well as to understand changes in our accounts receivable and accounts payable. We believe gross billings will aid investors in the same manner.

Forward-Looking Statements

The statements in this release, other than statements of historical fact, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are intended to come within the safe harbor protection provided by those sections. These forward-looking statements are subject to certain risks and uncertainties. Many of the forward-looking statements may be identified by words such as “looking ahead,” “believes,” “expects,” “intends,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “opportunity,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. In this press release, the forward-looking statements relate to, among other things, declaring and reaffirming our strategic goals, future operating results, and the effects and potential benefits of strategic acquisitions on our business, our expectations regarding continued organic growth, expansion of vendor relationships, investments in technology and automation, anticipated operating efficiencies and operating leverage, and our ability to achieve record annual financial results, and the Company’s capital allocation objectives. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include, without limitation, our ability to recognize the anticipated benefits of the acquisitions of NeoVAD and Interworks, including our ability to successfully integrate the acquired businesses, retain key personnel and vendor relationships, and achieve anticipated operational and financial benefits; our ability to sustain organic growth; identify, finance, complete and integrate acquisitions on acceptable terms; realize anticipated benefits and synergies; manage changes in product mix and gross margins; and execute planned investments in systems, personnel and infrastructure; the continued acceptance of the Company’s distribution channel by vendors and customers, the timely availability and acceptance of new products, product mix, market conditions, competitive pricing pressures, contribution of key vendor relationships and support programs, inflation, import and export tariffs, the successful integration of artificial intelligence tools, interest rate risk and impact thereof, as well as factors that affect the software industry in general. The forward-looking statements contained herein speak only as of the date of this release and are subject generally to other risks and uncertainties that are described in the section entitled “Risk Factors” contained in Item 1A. of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and from time to time in the Company’s filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by law.

Company Contact

Matthew Sullivan
Chief Financial Officer
(732) 847-2451
MatthewS@ClimbCS.com

Investor Relations Contact

Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
CLMB@elevate-ir.com

CLIMB GLOBAL SOLUTIONS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
	(Unaudited)
(Amounts in thousands, except share and per share amounts)
		September 30, 2026				December 31, 2025
ASSETS
Current assets
	Cash and cash equivalents	$	66,949			$	36,563
	Accounts receivable, net of allowance for expected credit losses of $671 and $669, respectively		342,138				324,345
	Inventory, net		3,907				2,502
	Prepaid expenses and other current assets		13,839				10,825
Total current assets			426,833				374,235
Equipment and leasehold improvements, net			13,990				13,339
Goodwill			41,930				36,838
Other intangibles, net			32,932				32,228
Right-of-use assets, net			1,692				1,717
Accounts receivable long-term, net			441				1,233
Other assets			424				510
Deferred income tax assets			167				133
Total assets		$	518,409			$	460,233
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
	Accounts payable	$	323,155			$	309,670
	Accrued expenses and other current liabilities		51,422				26,835
	Lease liability, current portion		651				791
	Term loan, current portion		—				191
Total current liabilities			375,228				337,487
	Lease liability, net of current portion		1,211				1,216
	Deferred income tax liabilities		5,378				4,923
	Other non-current liabilities		2,469				28
Total liabilities			384,286				343,654
Stockholders' equity
	Common stock, $.01 par value; 40,000,000 shares authorized, 21,138,000 shares
	issued, and 18,657,963 and 18,442,472 shares outstanding, respectively		211				53
	Additional paid-in capital		45,449				42,338
	Treasury stock, at cost, 2,480,037 and 2,695,528 shares, respectively		(15,450	)			(14,909	)
	Retained earnings		103,830				87,039
	Accumulated other comprehensive income		83				2,058
Total stockholders' equity			134,123				116,579
Total liabilities and stockholders' equity		$	518,409			$	460,233

CLIMB GLOBAL SOLUTIONS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
(Amounts in thousands, except per share data)
			Nine months ended								Three months ended
			September 30,								September 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
Gross profit				89,666				75,437				33,010				25,733
Selling, general and administrative expenses				61,874				49,339				20,872				16,226
Depreciation & amortization expense				6,131				5,696				2,068				1,976
Acquisition related costs				437				733				118				594
Total selling, general and administrative expenses				68,442				55,768				23,058				18,796
Income from operations				21,224				19,669				9,952				6,937
Interest, net				834				562				416				224
Foreign currency transaction gain (loss)				522				(566	)			498				2
Change in fair value of acquisition contingent consideration				-				(1,374	)			-				(860	)
Income before provision for income taxes				22,580				18,291				10,866				6,303
Provision for income taxes				5,790				3,945				2,929				1,607
Net income			$	16,790			$	14,346			$	7,937			$	4,696
Income per common share - Basic			$	0.90			$	0.78			$	0.43			$	0.25
Income per common share - Diluted			$	0.90			$	0.78			$	0.43			$	0.25
Weighted average common shares outstanding - Basic				18,279				18,072				18,323				18,144
Weighted average common shares outstanding - Diluted				18,279				18,072				18,323				18,144
Dividends paid per common share			$	-			$	0.13			$	-			$	0.04

Note: Share and per-share information presented in this release has been retrospectively adjusted to reflect the four-for-one stock split completed on March 20, 2026.

Reconciliation of GAAP and Non-GAAP Financial Measures and Key Operational Metrics (unaudited)
(Amounts in thousands, except per share data)
	The table below presents net income reconciled to adjusted EBITDA (Non-GAAP) (1):
			Nine months ended								Three months ended
			September 30,				September 30,				September 30,				September 30,
				2026				2025				2026				2025
Net income			$	16,790			$	14,346			$	7,937			$	4,696
	Provision for income taxes			5,790				3,945				2,929				1,607
	Depreciation and amortization			6,131				5,696				2,068				1,976
	Interest expense			253				226				68				67
EBITDA				28,964				24,213				13,002				8,346
	Share-based compensation			4,538				3,574				1,609				1,078
	Acquisition related costs			437				733				118				594
	Change in fair value of acquisition contingent consideration			-				1,374				-				860
Adjusted EBITDA			$	33,939			$	29,894			$	14,729			$	10,878
Gross profit			$	89,666			$	75,437			$	33,010			$	25,733
Net income %				18.7	%			19.0	%			24.0	%			18.2	%
Effective margin % - Adjusted EBITDA				37.9	%			39.6	%			44.6	%			42.3	%
			Nine months ended								Three months ended
			September 30,				September 30,				September 30,				September 30,
Components of interest, net				2026				2025				2026				2025
	Amortization of discount on accounts receivable with extended payment terms		$	(58	)		$	(34	)		$	(19	)		$	(10	)
	Interest income			(1,029	)			(754	)			(465	)			(281	)
	Interest expense			253				226				68				67
Interest, net			$	(834	)		$	(562	)		$	(416	)		$	(224	)

(1) We define adjusted EBITDA, as net income, plus provision for income taxes, depreciation, amortization, share-based compensation, interest expense, acquisition related costs and change in fair value of acquisition contingent consideration. We define effective margin as adjusted EBITDA as a percentage of gross profit. We provided a reconciliation of adjusted EBITDA to net income, which is the most directly comparable US GAAP measure. We use adjusted EBITDA as a supplemental measure of our performance to gain insight into our businesses profitability, operating performance and performance trends, and to provide management and investors a useful measure for period-to-period comparisons by excluding items that management believes are not reflective of our underlying operating performance. Management uses effective margin to assess the proportion of gross profit converted into adjusted EBITDA. We believe this ratio assists investors in comparing operating performance across periods with different revenue and product mixes. Accordingly, we believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results. Adjusted EBITDA is also a component to our financial covenants in our credit facility. Our use of adjusted EBITDA has limitations, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under US GAAP. In addition, other companies, including companies in our industry, might calculate adjusted EBITDA, or similarly titled measures differently, which may reduce their usefulness as comparative measures.

	The table below presents net income reconciled to adjusted net income (Non-GAAP) (2):
			Nine months ended								Three months ended
			September 30,				September 30,				September 30,				September 30,
				2026				2025				2026				2025
	Net income		$	16,790			$	14,346			$	7,937			$	4,696
	Acquisition related costs			437				733				118				594
	Change in fair value of acquisition contingent consideration			-				1,374				-				860
	Income tax effect of adjustments			(109	)			(183	)			(30	)			(149	)
	Adjusted net income		$	17,118			$	16,270			$	8,026			$	6,002
	Adjusted net income per common share - diluted		$	0.92			$	0.89			$	0.43			$	0.33

(2) We define adjusted net income as net income excluding acquisition related costs, net of income taxes and the change in fair value of acquisition contingent consideration. We provided a reconciliation of adjusted net income to net income, which is the most directly comparable U.S. GAAP measure. We use adjusted net income and adjusted net income per common share as supplemental measures of our performance to gain insight into our businesses profitability, operating performance and performance trends, and to provide management and investors a useful measure for period-to-period comparisons by excluding items that management believes are not reflective of our underlying operating performance. Accordingly, we believe that adjusted net income and adjust net income per common share provide useful information to investors and others in understanding and evaluating our operating results. Our use of adjusted net income has limitations, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under U.S. GAAP. In addition, other companies, including companies in our industry, might calculate adjusted net income, or similarly titled measures differently, which may reduce their usefulness as comparative measures.

	The table below presents the operational metric of gross billings by segment (3):
			Nine months ended								Three months ended
			September 30,				September 30,				September 30,				September 30,
				2026				2025				2026				2025
	Distribution gross billings		$	1,764,295			$	1,412,503			$	680,498			$	481,884
	Solutions gross billings			72,167				67,247				25,876				22,716
	Total gross billings		$	1,836,462			$	1,479,750			$	706,374			$	504,600

(3) Gross billings are the total dollar value of customer purchases of goods and services during the period, net of customer returns and credit memos, sales, or other taxes. Gross billings include the transaction values for certain sales transactions that are recognized on a net basis, and, therefore, include amounts that will not be recognized as revenue. We use gross billings as an operational metric to assess the volume of transactions or market share for our business as well as to understand changes in our accounts receivable and accounts payable. We believe gross billings will aid investors in the same manner.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Climb Global Solutions’ Q3 2026 sales and earnings?

Climb reported $220.3 million in net sales and $7.9 million in net income for the quarter ended September 30, 2026. Sales increased 37% and net income increased 69% from the year-earlier quarter. Diluted earnings per share rose to $0.43 from $0.25.

What company did Climb Global Solutions acquire after Q3 2026?

Climb acquired NeoVAD after quarter-end, expanding its presence in France. The acquisition added a team, reseller network and vendor portfolio to its European operations.

How does Climb Global Solutions define gross billings?

Gross billings measure the total dollar value of customer purchases, net of returns, credit memos and sales or other taxes. They include transaction values for some sales recognized on a net basis, so part of gross billings will not be recognized as revenue.

Why did Climb Global Solutions’ Q3 2026 administrative expenses increase?

Climb attributed the increase primarily to Interworks-related expenses and variable sales compensation associated with organic gross-profit growth. Investments in IT infrastructure and automation also affected expenses. Despite the dollar increase, selling, general and administrative expenses fell to 3.0% of gross billings from 3.2% a year earlier.