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Climb Global Solutions, Inc. director John R. McCarthy made an open-market purchase of company stock. He bought 4,000 shares of Common Stock at a price of $18.83 per share. After this transaction, he directly owns 85,876 shares of Climb Global Solutions common stock.
Climb Global Solutions reported higher sales but lower profit for the quarter ended March 31, 2026. Net sales rose 32% to $182.4 million, driven mainly by organic growth in the Distribution segment and a larger mix of hardware and software recognized on a gross basis. Gross profit increased 13% to $26.5 million, but the gross margin narrowed as customer rebates and discounts rose. Operating costs also climbed, with selling, general and administrative expenses up 21% to $20.3 million and depreciation and amortization up to $2.0 million, reducing income from operations. Net income declined 10% to $3.3 million, or $0.18 per diluted share, compared to $0.20 a year earlier. Cash and cash equivalents increased to $41.8 million, aided by strong operating cash flow of $16.8 million and no borrowings outstanding under the revolving credit facility. During the quarter the company completed the $13 million acquisition of Interworks, a cloud distributor in Southeastern Europe, adding $0.6 million of net sales and modest net income. The board also suspended quarterly cash dividends beginning in 2026 to prioritize financial flexibility and other capital allocation objectives.
Climb Global Solutions reported strong top-line growth for the first quarter of 2026. Net sales rose 32% to $182.4 million, helped by double-digit organic growth and contributions from the Interworks acquisition. Gross billings increased 14% to $542.8 million, while gross profit grew 13% to $26.5 million.
Profitability was more modest as Climb invested for growth. Net income was $3.3 million, or $0.18 per diluted share, compared with $3.7 million, or $0.20, a year earlier. Adjusted EBITDA increased 4% to $7.9 million, with effective margin at 29.9% versus 32.7%.
The company highlighted early benefits from the Interworks acquisition in Europe and continued selective vendor additions. Climb reiterated its decision to suspend quarterly dividends starting in 2026 to prioritize organic investments and M&A. The balance sheet remained conservative, with $41.8 million in cash, no debt and an undrawn $50 million revolver as of March 31, 2026.
Climb Global Solutions is asking stockholders to vote at its virtual 2026 annual meeting on June 2, 2026. Investors will elect four directors, cast an advisory vote on executive pay, approve an amended and restated 2021 Omnibus Incentive Plan, and ratify Deloitte as auditor for 2026.
The company highlights strong 2025 performance: net sales rose 40% to $652.5 million, gross profit increased 16% to $105.3 million, and net income grew 15% to $21.3 million, with diluted EPS up 14% to $4.64. Governance features include a majority‑independent board, fully independent committees, annual director elections, annual Say‑on‑Pay, stock ownership guidelines, an SEC‑ and Nasdaq‑compliant clawback policy, and prohibitions on hedging, pledging and short‑selling.
As of April 6, 2026, there were 18,468,068 shares of common stock outstanding and entitled to vote. The board recommends voting “FOR” all four proposals.
Climb Global Solutions, Inc. reported that director Gerri Gold has chosen to retire from the Board and will not stand for re-election at the 2026 annual meeting of stockholders. She will continue to serve as a director until her term ends at that meeting.
The company stated that Ms. Gold’s decision was not due to any dispute or disagreement regarding operations, policies, or practices. Following her retirement, the Board has decided to reduce its size from five to four directors effective at the start of the 2026 annual meeting.
Climb Global Solutions Inc ownership filing: Wasatch Advisors reports beneficial ownership of 607,680 shares of Common Stock, representing 3.3% of the class. The filing shows sole voting power for 570,232 shares and sole dispositive power for 607,680 shares. The amendment is signed by the filer’s CEO on 04/23/2026.
Climb Global Solutions, Inc. Chief Alliance Officer Charles Edward Bass reported an equity award of 14,877 shares of Common Stock. The shares were acquired at a stated price of $0.00 per share, indicating a compensation-related grant rather than an open-market purchase.
Following this award, Bass directly holds 128,365 shares of Climb Global Solutions common stock. The filing reflects an increase in his direct equity stake through a non-derivative grant/award acquisition.
Foster Dale Richard reported acquisition or exercise transactions in this Form 4 filing.
Climb Global Solutions, Inc. reported that Chief Executive Officer Dale Richard Foster received a grant of 49,590 shares of Common Stock on April 9, 2026. The shares were awarded at $0.00 per share, indicating a compensation-related equity award rather than an open-market purchase.
Following this grant, Foster directly holds 344,350 shares of Climb Global Solutions common stock. The filing shows no derivative securities and reflects a routine increase in the CEO’s direct equity stake.
SULLIVAN MATTHEW M reported acquisition or exercise transactions in this Form 4 filing.
Climb Global Solutions, Inc. reported that Chief Financial Officer Matthew M. Sullivan received a grant of 13,290 shares of Common Stock, recorded at a price of $0.00 per share, as a stock award. Following this compensation-related grant, he directly holds 89,022 shares of the company’s Common Stock.