Climb Global Solutions Reports Second Quarter 2025 Results
Climb Global Solutions (NASDAQ:CLMB) reported strong Q2 2025 financial results, with net sales surging 73% to $159.3 million and net income rising 74% to $6.0 million ($1.30 per share). The company's adjusted EBITDA increased 64% to $11.4 million, while gross billings grew 39% to $500.6 million.
The impressive performance was driven by double-digit organic growth from strengthened customer relationships, new vendor partnerships, and expanded market share in the U.S. and Europe. The acquisition of Douglas Stewart Software & Services (DSS) also contributed significantly, particularly in the education sector. The company declared a quarterly dividend of $0.17 per share, payable on August 15, 2025.
With a strong balance sheet showing $28.6 million in cash and minimal debt, Climb remains focused on operational efficiency through its newly implemented ERP system and continues to seek strategic acquisition opportunities.
Climb Global Solutions (NASDAQ:CLMB) ha riportato solidi risultati finanziari nel secondo trimestre del 2025, con le vendite nette in aumento del 73% a 159,3 milioni di dollari e l'utile netto cresciuto del 74% a 6,0 milioni di dollari (1,30 dollari per azione). L'EBITDA rettificato della società è aumentato del 64% raggiungendo 11,4 milioni di dollari, mentre le fatturazioni lorde sono cresciute del 39% a 500,6 milioni di dollari.
Le prestazioni impressionanti sono state trainate da una crescita organica a doppia cifra grazie al rafforzamento delle relazioni con i clienti, a nuove partnership con fornitori e all'espansione della quota di mercato negli Stati Uniti e in Europa. L'acquisizione di Douglas Stewart Software & Services (DSS) ha contribuito in modo significativo, soprattutto nel settore dell'istruzione. La società ha dichiarato un dividendo trimestrale di 0,17 dollari per azione, pagabile il 15 agosto 2025.
Con un bilancio solido che mostra 28,6 milioni di dollari in contanti e un debito minimo, Climb rimane concentrata sull'efficienza operativa attraverso il nuovo sistema ERP implementato e continua a cercare opportunità strategiche di acquisizione.
Climb Global Solutions (NASDAQ:CLMB) reportó sólidos resultados financieros en el segundo trimestre de 2025, con ventas netas que aumentaron un 73% hasta 159,3 millones de dólares y ingresos netos que crecieron un 74% hasta 6,0 millones de dólares (1,30 dólares por acción). El EBITDA ajustado de la compañía aumentó un 64% hasta 11,4 millones de dólares, mientras que la facturación bruta creció un 39% hasta 500,6 millones de dólares.
El impresionante desempeño fue impulsado por un crecimiento orgánico de dos dígitos gracias al fortalecimiento de las relaciones con clientes, nuevas alianzas con proveedores y una mayor cuota de mercado en EE.UU. y Europa. La adquisición de Douglas Stewart Software & Services (DSS) también contribuyó significativamente, especialmente en el sector educativo. La compañía declaró un dividendo trimestral de 0,17 dólares por acción, pagadero el 15 de agosto de 2025.
Con un balance sólido que muestra 28,6 millones de dólares en efectivo y una deuda mínima, Climb continúa enfocándose en la eficiencia operativa mediante su nuevo sistema ERP implementado y sigue buscando oportunidades estratégicas de adquisición.
Climb Global Solutions (NASDAQ:CLMB)는 2025년 2분기 강력한 재무 실적을 발표했으며, 순매출이 73% 증가한 1억 5,930만 달러, 순이익은 74% 증가한 600만 달러 (주당 1.30달러)를 기록했습니다. 회사의 조정 EBITDA는 64% 증가한 1,140만 달러였으며, 총 청구액은 39% 증가한 5억 600만 달러를 기록했습니다.
이러한 인상적인 실적은 고객 관계 강화, 새로운 공급업체 파트너십, 미국과 유럽에서의 시장 점유율 확대에 따른 두 자릿수 유기적 성장에 힘입은 것입니다. Douglas Stewart Software & Services (DSS) 인수도 특히 교육 부문에서 크게 기여했습니다. 회사는 2025년 8월 15일 지급 예정인 주당 0.17달러의 분기 배당금을 선언했습니다.
2,860만 달러의 현금과 최소한의 부채를 보유한 탄탄한 재무구조를 바탕으로, Climb은 새로 도입한 ERP 시스템을 통해 운영 효율성에 집중하며 전략적 인수 기회를 계속 모색하고 있습니다.
Climb Global Solutions (NASDAQ:CLMB) a annoncé de solides résultats financiers pour le deuxième trimestre 2025, avec des ventes nettes en hausse de 73 % à 159,3 millions de dollars et un bénéfice net en hausse de 74 % à 6,0 millions de dollars (1,30 dollar par action). L'EBITDA ajusté de la société a augmenté de 64 % pour atteindre 11,4 millions de dollars, tandis que les facturations brutes ont progressé de 39 % à 500,6 millions de dollars.
Cette performance remarquable a été portée par une croissance organique à deux chiffres grâce au renforcement des relations clients, à de nouveaux partenariats fournisseurs et à une part de marché élargie aux États-Unis et en Europe. L'acquisition de Douglas Stewart Software & Services (DSS) a également contribué de manière significative, notamment dans le secteur de l'éducation. La société a déclaré un dividende trimestriel de 0,17 dollar par action, payable le 15 août 2025.
Avec un bilan solide affichant 28,6 millions de dollars en liquidités et une dette minimale, Climb reste concentrée sur l'efficacité opérationnelle grâce à son nouveau système ERP mis en place et continue de rechercher des opportunités d'acquisitions stratégiques.
Climb Global Solutions (NASDAQ:CLMB) meldete starke Finanzergebnisse für das zweite Quartal 2025, mit einem Nettoumsatzanstieg von 73 % auf 159,3 Millionen US-Dollar und einem Nettogewinnanstieg von 74 % auf 6,0 Millionen US-Dollar (1,30 US-Dollar pro Aktie). Das bereinigte EBITDA des Unternehmens stieg um 64 % auf 11,4 Millionen US-Dollar, während die Bruttorechnungen um 39 % auf 500,6 Millionen US-Dollar zunahmen.
Die beeindruckende Leistung wurde durch zweistelliges organisches Wachstum getrieben, das auf stärkere Kundenbeziehungen, neue Lieferantenpartnerschaften und eine erweiterte Marktanteile in den USA und Europa zurückzuführen ist. Der Erwerb von Douglas Stewart Software & Services (DSS) trug insbesondere im Bildungssektor erheblich bei. Das Unternehmen erklärte eine Quartalsdividende von 0,17 US-Dollar pro Aktie, zahlbar am 15. August 2025.
Mit einer starken Bilanz, die 28,6 Millionen US-Dollar in bar und minimale Schulden ausweist, bleibt Climb auf operative Effizienz durch sein neu implementiertes ERP-System fokussiert und sucht weiterhin strategische Akquisitionsmöglichkeiten.
- Net sales increased significantly by 73% to $159.3 million
- Net income grew 74% to $6.0 million ($1.30 per share)
- Adjusted EBITDA rose 64% to $11.4 million
- Effective margin improved by 600 basis points to 43.3%
- Strong balance sheet with only $0.5M debt and unused $50M credit facility
- SG&A as percentage of gross billings decreased to 3.3% from 3.6%
- Working capital increased by $12.2 million
- Cash and cash equivalents decreased to $28.6M from $29.8M in December 2024
- Timing issues affecting receivable collections and payables
Insights
Climb Global Solutions delivered exceptional Q2 results with substantial growth across all financial metrics, fueled by organic expansion and strategic acquisition.
Climb Global Solutions has delivered exceptional Q2 performance with impressive growth across all key financial metrics. Net sales surged
This growth stems from both organic expansion and the strategic acquisition of Douglas Stewart Software & Services (DSS) completed in July 2024. The company achieved double-digit organic growth by strengthening key customer relationships, adding innovative vendors to their portfolio, and expanding market share in both the U.S. and Europe. The Q2 results also benefited from seasonal strength in DSS's education segment as schools prepared for the upcoming academic year.
Particularly impressive is the improvement in operational efficiency, with SG&A as a percentage of gross billings decreasing to
The company's balance sheet remains strong with
Net Sales up
EATONTOWN, N.J., July 30, 2025 (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 second quarter ended June 30, 2025.
Second Quarter 2025 Summary vs. Same Year-Ago Quarter
- Net sales increased
73% to$159.3 million . - Net income increased
74% to$6.0 million or$1.30 per diluted share. - Adjusted net income (a non-GAAP financial measure defined below) increased
68% to$6.4 million or$1.39 per diluted share. - Adjusted EBITDA (a non-GAAP financial measure defined below) increased
64% to$11.4 million . - Gross billings (a key operational metric defined below) increased
39% to$500.6 million . Distribution segment gross billings increased40% to$477.0 million , and Solutions segment gross billings increased19% to$23.5 million .
Management Commentary
“We continued to execute on our core initiatives in Q2, resulting in another period of exceptional performance with material increases across all key financial metrics,” said CEO Dale Foster. “During the quarter, we generated double-digit organic growth by strengthening relationships with key customers, bolstering our line card with new, innovative vendors, and growing our market share in both the U.S. and Europe. We also benefited from the incremental contribution and seasonal strength of Douglas Stewart Software & Services, LLC (“DSS”), which typically sees higher demand from education customers as they ramp ahead of the next school year.
“Looking ahead, we will continue to build on the momentum established in the first half of the year, with a clear focus on driving sustainable growth and operational execution. With our ERP system now fully implemented, we expect to capture operational efficiencies that will enhance scalability and drive operating leverage across our global platform. We also remain focused on identifying strategic acquisition opportunities that can enhance our capabilities and complement our existing footprint. These initiatives, coupled with our robust balance sheet and demonstrated track record of success, will enable us to deliver on both our organic and inorganic growth objectives in 2025 and beyond.”
Dividend
Subsequent to quarter end, on July 29, 2025, Climb’s Board of Directors declared a quarterly dividend of
Second Quarter 2025 Financial Results
Net sales in the second quarter of 2025 increased
Gross profit in the second quarter of 2025 increased
Selling, general, and administrative (“SG&A”) expenses in the second quarter of 2025 were
Net income in the second quarter of 2025 increased
Adjusted EBITDA in the second quarter of 2025 increased
On June 30, 2025, cash and cash equivalents were
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, July 31, 2025, at 8:30 a.m. Eastern time to discuss its results for the second quarter ended June 30, 2025.
Climb management will host the conference call, followed by a question-and-answer period.
Date: Thursday, July 31, 2025
Time: 8:30 a.m. Eastern time
Toll-free dial-in number: (800) 225-9448
International dial-in number: (203) 518-9708
Conference ID: CLIMB
Webcast: Climb’s Q2 2025 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 U.S., 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 and adjusted EBITDA, 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 ”look forward,” “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 the strategic acquisition on our business. 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 acquisition of Douglas Stewart Software & Services, LLC, 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, the successful integration of acquisitions, contribution of key vendor relationships and support programs, inflation, import and export tariffs, interest rate risk and impact thereof, as well as factors that affect the software industry in general. The forward-looking statements contained herein are also 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, 2024, and from time to time in the Company’s filings with the Securities and Exchange Commission.
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) | ||||||||
| June 30, 2025 | December 31, 2024 | |||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 28,587 | $ | 29,778 | ||||
| Accounts receivable, net of allowance for doubtful accounts of | 289,083 | 341,597 | ||||||
| Inventory, net | 3,349 | 2,447 | ||||||
| Prepaid expenses and other current assets | 9,164 | 6,874 | ||||||
| Total current assets | 330,183 | 380,696 | ||||||
| Equipment and leasehold improvements, net | 13,626 | 12,853 | ||||||
| Goodwill | 37,270 | 34,924 | ||||||
| Other intangibles, net | 35,718 | 36,550 | ||||||
| Right-of-use assets, net | 1,509 | 1,965 | ||||||
| Accounts receivable long-term, net | 1,209 | 1,174 | ||||||
| Other assets | 649 | 824 | ||||||
| Deferred income tax assets | 527 | 193 | ||||||
| Total assets | $ | 420,691 | $ | 469,179 | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
| Current liabilities | ||||||||
| Accounts payable and accrued expenses | $ | 307,715 | $ | 370,397 | ||||
| Lease liability, current portion | 727 | 654 | ||||||
| Term loan, current portion | 474 | 560 | ||||||
| Total current liabilities | 308,916 | 371,611 | ||||||
| Lease liability, net of current portion | 1,116 | 1,685 | ||||||
| Deferred income tax liabilities | 5,101 | 4,723 | ||||||
| Term loan, net of current portion | — | 191 | ||||||
| Non-current liabilities | 381 | 381 | ||||||
| Total liabilities | 315,514 | 378,591 | ||||||
| Stockholders' equity | ||||||||
| Common stock, $.01 par value; 10,000,000 shares authorized, 5,284,500 shares | ||||||||
| issued, and 4,617,206 and 4,601,302 shares outstanding, respectively | 53 | 53 | ||||||
| Additional paid-in capital | 40,043 | 37,977 | ||||||
| Treasury stock, at cost, 667,294 and 683,198 shares, respectively | (14,266 | ) | (13,337 | ) | ||||
| Retained earnings | 76,904 | 68,787 | ||||||
| Accumulated other comprehensive gain (loss) | 2,443 | (2,892 | ) | |||||
| Total stockholders' equity | 105,177 | 90,588 | ||||||
| Total liabilities and stockholders' equity | $ | 420,691 | $ | 469,179 | ||||
| CLIMB GLOBAL SOLUTIONS, INC. AND SUBSIDIARIES | |||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS | |||||||||||||||||
| (Unaudited) | |||||||||||||||||
| (Amounts in thousands, except per share data) | |||||||||||||||||
| Six months ended | Three months ended | ||||||||||||||||
| June 30, | June 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Net Sales | $ | 297,328 | $ | 184,498 | $ | 159,284 | $ | 92,076 | |||||||||
| Cost of sales | 247,624 | 148,921 | 132,976 | 73,518 | |||||||||||||
| Gross profit | 49,704 | 35,577 | 26,308 | 18,558 | |||||||||||||
| Selling, general and administrative expenses | 33,112 | 25,496 | 16,357 | 12,974 | |||||||||||||
| Depreciation & amortization expense | 3,720 | 1,736 | 1,982 | 865 | |||||||||||||
| Acquisition related costs | 139 | 592 | 13 | 469 | |||||||||||||
| Total selling, general and administrative expenses | 36,971 | 27,824 | 18,352 | 14,308 | |||||||||||||
| Income from operations | 12,733 | 7,753 | 7,956 | 4,250 | |||||||||||||
| Interest, net | 337 | 557 | 151 | 354 | |||||||||||||
| Foreign currency transaction loss | (567 | ) | (246 | ) | 14 | (162 | ) | ||||||||||
| Change in fair value of acquisition contingent consideration | (515 | ) | - | (379 | ) | - | |||||||||||
| Income before provision for income taxes | 11,988 | 8,064 | 7,742 | 4,442 | |||||||||||||
| Provision for income taxes | 2,338 | 1,903 | 1,774 | 1,012 | |||||||||||||
| Net income | $ | 9,650 | $ | 6,161 | $ | 5,968 | $ | 3,430 | |||||||||
| Income per common share - Basic | $ | 2.11 | $ | 1.35 | $ | 1.30 | $ | 0.75 | |||||||||
| Income per common share - Diluted | $ | 2.11 | $ | 1.35 | $ | 1.30 | $ | 0.75 | |||||||||
| Weighted average common shares outstanding - Basic | 4,509 | 4,449 | 4,521 | 4,461 | |||||||||||||
| Weighted average common shares outstanding - Diluted | 4,509 | 4,449 | 4,521 | 4,461 | |||||||||||||
| Dividends paid per common share | $ | 0.34 | $ | 0.34 | $ | 0.17 | $ | 0.17 | |||||||||
| Reconciliation of GAAP and Non-GAAP Financial Measures (unaudited) | |||||||||||||||||
| (Amounts in thousands, except per share data) | |||||||||||||||||
| The table below presents net income reconciled to adjusted EBITDA (Non-GAAP) (1): | |||||||||||||||||
| Six months ended | Three months ended | ||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Net income | $ | 9,650 | $ | 6,161 | $ | 5,968 | $ | 3,430 | |||||||||
| Provision for income taxes | 2,338 | 1,903 | 1,774 | 1,012 | |||||||||||||
| Depreciation and amortization | 3,720 | 1,736 | 1,982 | 865 | |||||||||||||
| Interest expense | 159 | 161 | 90 | 60 | |||||||||||||
| EBITDA | 15,867 | 9,961 | 9,814 | 5,367 | |||||||||||||
| Share-based compensation | 2,496 | 1,906 | 1,173 | 1,084 | |||||||||||||
| Acquisition related costs | 139 | 592 | 13 | 469 | |||||||||||||
| Change in fair value of acquisition contingent consideration | 515 | - | 379 | - | |||||||||||||
| Adjusted EBITDA | $ | 19,017 | $ | 12,459 | $ | 11,379 | $ | 6,920 | |||||||||
| Six months ended | Three months ended | ||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | ||||||||||||||
| Components of interest, net | 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Amortization of discount on accounts receivable with extended payment terms | $ | (23 | ) | $ | (17 | ) | $ | (11 | ) | $ | (11 | ) | |||||
| Interest income | (473 | ) | (701 | ) | (230 | ) | (403 | ) | |||||||||
| Interest expense | 159 | 161 | 90 | 60 | |||||||||||||
| Interest, net | $ | (337 | ) | $ | (557 | ) | $ | (151 | ) | $ | (354 | ) | |||||
| (1) We define adjusted EBITDA, as net income, plus provision for income taxes, depreciation, amortization, share-based compensation, interest, 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. 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): | |||||||||||||||||
| Six months ended | Three months ended | ||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Net income | $ | 9,650 | $ | 6,161 | $ | 5,968 | $ | 3,430 | |||||||||
| Acquisition related costs, net of income taxes | 104 | 444 | 10 | 352 | |||||||||||||
| Change in fair value of acquisition contingent consideration | 515 | - | 379 | - | |||||||||||||
| Adjusted net income | $ | 10,269 | $ | 6,605 | $ | 6,357 | $ | 3,782 | |||||||||
| Adjusted net income per common share - diluted | $ | 2.25 | $ | 1.45 | $ | 1.39 | $ | 0.83 | |||||||||
| (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): | |||||||||||||||||
| Six months ended | Three months ended | ||||||||||||||||
| June 30, | June 30, | June 30, | June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| Distribution gross billings | $ | 930,619 | $ | 674,704 | $ | 477,043 | $ | 340,067 | |||||||||
| Solutions gross billings | 44,531 | 40,406 | 23,510 | 19,774 | |||||||||||||
| Total gross billings | $ | 975,150 | $ | 715,110 | $ | 500,553 | $ | 359,841 | |||||||||
| (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
What were Climb Global Solutions (CLMB) Q2 2025 earnings highlights?
What is the dividend amount for Climb Global Solutions (CLMB) in Q2 2025?
How much debt does Climb Global Solutions (CLMB) have as of Q2 2025?
What was Climb Global Solutions (CLMB) gross billings for Q2 2025?
How did the DSS acquisition impact Climb Global Solutions (CLMB) Q2 2025 results?
