Climb Global Solutions, Inc.

Listed Company

CLMBCIK 0000945983NasdaqAcceleratedWholesale-Computers & Peripheral Equipment & SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$652.52M

Net Income

$21.33M

Total Assets

$460.23M

Equity

$116.58M

Shares Out

18.60M

Op. Cash Flow

$16.60M

Business

Climb Global Solutions, Inc. is a value-added information technology distribution and solutions company that distributes emerging technologies to reseller partners and delivers cloud and IT solutions to end users. It offers third-party software, software subscriptions and maintenance, license authorizations, virtualization and cloud computing tools, security, networking, storage and infrastructure management products, computer hardware, and related cloud support, integration and professional services. Operations are organized into Distribution (channel-focused wholesale distribution under Climb Channel Solutions) and Solutions (cloud solutions and value-added resale under Grey Matter). The company serves reseller customers, VARs, consultants, systems integrators and end users across North America, the United Kingdom and Europe using electronic ordering, drop-ship fulfillment and direct marketing channels.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	653	466	352	—	—
Cost of sales	547	375	288	—	—
Gross profit	105	91	64	54	46
Selling, general, and administrative expenses	68	57	44	34	32
Acquisition related costs	807,000	2	629,000	582,000	0
Depreciation and amortization expense	8	4	3	2	2
Income from operations	29	28	16	17	12
Interest, net	844,000	917,000	927,000	159,000	359,000
Foreign currency transaction loss	−737,000	−273,000	−636,000	−941,000	−46,000
Change in fair value of acquisition contingent consideration	−1	−4	0	—	—
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	28	25	17	17	12
Provision for income taxes	7	6	4	4	3
Net income	21	19	12	12	9
Income per common share-Basic (in dollars per share)	4.64	4.06	2.72	2.81	2.09
Income per common share-Diluted (in dollars per share)	4.64	4.06	2.72	2.81	2.09
Weighted average common shares outstanding Basic (in shares)	5	4	4	4	4
Weighted average common shares outstanding Diluted (in shares)	5	4	4	4	4

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	37	30	36	20	29
Accounts receivable, net of allowance for expected credit losses of $669 and $588, respectively	324	342	222	155	123
Inventory, net	3	2	4	5	2
Prepaid expenses and other current assets	11	7	7	4	5
Total current assets	374	381	269	185	159
Equipment and leasehold improvements, net	13	13	9	4	2
Goodwill	37	35	27	19	17
Other intangibles, net	32	37	27	20	10
Right-of-use assets, net	2	2	878,000	1	2
Accounts receivable, net of current portion	1	1	797,000	3	78,000
Other assets	510,000	824,000	1	350,000	459,000
Deferred income tax assets	133,000	193,000	324,000	348,000	189,000
Total assets	460	469	335	232	191
Accounts payable and accrued expenses	337	370	250	161	134
Lease liability, current portion	791,000	654,000	450,000	521,000	475,000
Term loan, current portion	191,000	560,000	540,000	—	—
Total current liabilities	337	372	251	162	135
Lease liability, net of current portion	1	2	879,000	1	2
Deferred income tax liabilities	5	5	6	4	2
Term loan, net of current portion	0	191,000	752,000	—	—
Non-current liabilities	28,000	381,000	3	3	—
Total liabilities	344	379	260	171	138
Commitments and contingencies	—	—	—	—	—
Common stock, $.01 par value; 10,000,000 shares authorized; 5,284,500 shares issued: 4,610,618 and 4,601,302 shares outstanding, respectively	53,000	53,000	53,000	53,000	53,000
Additional paid-in capital	42	38	35	—	—
Treasury stock, at cost, 673,882 and 683,198 shares, respectively	−15	−13	−13	−13	−14
Retained earnings	87	69	53	44	34
Accumulated other comprehensive loss	2	−3	−522,000	−3	−250,000
Total stockholders equity	117	91	75	61	52
Total liabilities and stockholders' equity	460	469	335	232	191

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	8	4	3	2	2
Provision for expected credit losses	110,000	126,000	54,000	19,000	26,000
Deferred income tax benefit	−105,000	−500,000	−383,000	−535,000	228,000
Share-based compensation expense	5	4	4	2	2
Gain on disposal of fixed assets	−5,000	—	—	—	—
Amortization of discount on accounts receivable	−67,000	−34,000	−50,000	—	—
Amortization of right-of-use assets	611,000	439,000	366,000	426,000	468,000
Accounts receivable	26	−124	−30	−36	−29
Inventory	114,000	1	4	−3	3
Prepaid expenses and other current assets	−4	−428,000	−2	1	−1
Vendor prepayments	0	0	890,000	—	—
Accounts payable and accrued expenses	−40	127	50	25	19
Lease liability, net	−697,000	−415,000	−495,000	−503,000	−534,000
Other assets and liabilities	−73,000	−102,000	1	1	−222,000
Net cash and cash equivalents provided by operating activities	17	34	42	5	5
Purchase of equipment and leasehold improvements	−2	−5	−5	−3	−258,000
Payment for acquisitions, net of cash acquired	0	−21	−13	—	—
Net cash and cash equivalents used in investing activities	−2	−26	−18	−11	−258,000
Purchase of treasury stock	−2	−2	−2	−655,000	−544,000
Borrowings under credit facilities	0	0	10	—	—
Repayments of borrowings under credit facilities	0	−4	−13	—	—
Repayments of borrowings under term loan	−560,000	−540,000	−520,000	−336,000	—
Dividends paid	−3	−3	−3	—	—
Contingent consideration	−3	−4	0	—	−862,000
Payments of deferred financing costs	0	0	−637,000	—	—
Net cash and cash equivalents used in financing activities	−9	−13	−9	−2	−4
Net (decrease) increase in cash and cash equivalents	7	−7	16	—	—
Effect of foreign exchange rate on cash and cash equivalents	1	−871,000	544,000	—	—
Income taxes paid	10	4	5	4	3
Interest paid	142,000	212,000	180,000	50,000	43,000
Contingent earn-out	0	2	2	—	—

Filings

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