Climb Global Solutions Inc
NASDAQ:CLMB
Climb Global Solutions Inc
Climb Global Solutions, Inc. engages in the distribution of software developed by others through resellers indirectly to customers. The company is headquartered in Eatontown, New Jersey and currently employs 268 full-time employees. The Company’s segments include Distribution segment, which distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators worldwide under the name Climb Channel Solutions; and Solutions segment, which is a cloud solutions provider and value-added reseller of software, hardware, and services to customers worldwide under the names TechXtend and Grey Matter. The company provides cloud technology solutions through its Climb, TechXtend, Grey Matter and Cloud Know How operating segments. Climb is a specialty technology distributor focused on data canter and cloud-based products. TechXtend is a value-added reseller of software, hardware and services for United States and Canadian corporations, and academic institutions. Grey Matter is a United Kingdom-based software reseller and cloud service provider.
Climb Global Solutions, Inc. engages in the distribution of software developed by others through resellers indirectly to customers. The company is headquartered in Eatontown, New Jersey and currently employs 268 full-time employees. The Company’s segments include Distribution segment, which distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators worldwide under the name Climb Channel Solutions; and Solutions segment, which is a cloud solutions provider and value-added reseller of software, hardware, and services to customers worldwide under the names TechXtend and Grey Matter. The company provides cloud technology solutions through its Climb, TechXtend, Grey Matter and Cloud Know How operating segments. Climb is a specialty technology distributor focused on data canter and cloud-based products. TechXtend is a value-added reseller of software, hardware and services for United States and Canadian corporations, and academic institutions. Grey Matter is a United Kingdom-based software reseller and cloud service provider.
Strong Organic Growth: Climb Global Solutions delivered double-digit organic growth in Q3, supported by continued momentum from last year’s Douglas Stewart Software acquisition.
Revenue & Billings: Net sales rose 35% to $161.3 million and gross billings increased 8% to $504.6 million, reflecting broad-based strength.
Cautious Margin Trends: Gross profit grew 6% to $25.7 million, but margins compressed slightly year-over-year due to prior year’s large vendor transaction.
Cybersecurity Focus: Over 60% of business is now in cybersecurity, with new partnerships enhancing the portfolio and continued industry tailwinds.
AI Initiatives: Climb launched an AI Academy in Europe, drawing strong partner interest and positioning the company for growth in the AI market.
Active M&A Pipeline: Management highlighted a strong acquisition pipeline, significant cash reserves, and a focus on larger, more strategic M&A opportunities.
No Major Headwinds: No lumpy deals impacted Q3, and management does not see signs of market or sales cycle softness.
