Climb Global Solutions, Inc. CLMB
The Company is a value added information technology ("IT") distribution and solutions company. The Company primarily operates through its "Distribution" segment, which distributes emerging and disruptive technologies to corporate resellers, value added resellers ("VARs"), consultants and systems integrators worldwide under the name "Climb Channel Solutions". The Company also operates a smaller segment called "Solutions", which is a cloud solutions provider and value-added reseller of software, hardware and services for customers worldwide under the name "Grey Matter". Across both segments, we offer an extensive line of products from leading software vendors and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management and other technically sophisticated domains, as well as computer hardware.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $652.5M | $465.6M | $352.0M | $304.3M | $282.6M | $251.6M | $208.8M | $181.4M | $160.6M | $164.6M |
| Cost of revenue | — | — | $287.8M | $250.3M | $236.9M | $218.5M | $178.8M | $154.5M | $133.5M | $137.3M |
| Gross profit | $105.3M | $91.1M | $64.2M | $54.1M | $45.7M | $33.0M | $30.0M | $26.9M | $27.1M | $27.3M |
| SG&A | $67.5M | $56.5M | $44.3M | $34.1M | $32.1M | $23.9M | $20.9M | $20.3M | $19.3M | $18.7M |
| Operating income | $29.2M | $28.0M | $16.5M | $17.3M | $12.1M | $5.3M | $8.5M | $4.2M | $7.8M | $8.6M |
| Pre-tax income | $27.9M | $25.0M | $16.8M | $16.5M | $12.4M | $6.2M | $9.0M | $5.1M | $8.6M | $8.9M |
| Income tax | $6.6M | $6.4M | $4.5M | $4.0M | $3.2M | $1.7M | $2.3M | $1.6M | $3.5M | $3.0M |
| Net income | $21.3M | $18.6M | $12.3M | $12.5M | $9.2M | $4.5M | $6.8M | $3.5M | $5.1M | $5.9M |
| EPS, basic | 4.64 | 4.06 | 2.72 | 2.81 | 2.09 | 1.01 | 1.51 | 0.78 | 1.13 | 1.25 |
| EPS, diluted | 4.64 | 4.06 | 2.72 | 2.81 | 2.09 | 1.01 | 1.51 | 0.78 | 1.13 | 1.25 |
| Shares, diluted (wtd. avg.) | $4.5M | $4.5M | $4.4M | $4.3M | $4.3M | $4.3M | $4.4M | $4.4M | $4.3M | $4.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $36.6M | $29.8M | $36.3M | $20.2M | $29.3M | $29.3M | $15.0M | $14.9M | $5.5M | $13.5M |
| Receivables | $324.3M | $341.6M | $222.3M | $154.6M | $122.5M | $93.8M | $101.0M | $81.4M | $78.2M | $83.8M |
| Inventory | $2.5M | $2.4M | $3.7M | $4.8M | $2.0M | $4.9M | $2.8M | $1.5M | $2.8M | $2.3M |
| Total current assets | $374.2M | $380.7M | $269.1M | $184.6M | $159.3M | $133.2M | $121.5M | $102.9M | $95.1M | $100.6M |
| Property, plant and equipment | $13.3M | $12.9M | $8.8M | $3.5M | $1.9M | $2.3M | $1.2M | $1.6M | $1.8M | $1.9M |
| Goodwill | $36.8M | $34.9M | $27.2M | $19.0M | $17.2M | $16.8M | — | — | — | — |
| Other intangibles | $32.2M | $36.5M | $26.9M | $19.7M | $9.9M | $10.6M | — | — | — | — |
| Total assets | $460.2M | $469.2M | $335.1M | $231.9M | $190.8M | $165.5M | $126.3M | $108.0M | $104.7M | $116.3M |
| Accounts payable | $309.7M | $331.7M | $218.7M | $151.2M | $125.9M | $107.0M | $73.3M | $62.8M | $60.1M | $72.1M |
| Short-term debt | $191.0K | $560.0K | $540.0K | — | — | — | — | — | — | — |
| Total current liabilities | $337.5M | $371.6M | $250.6M | $161.7M | $134.7M | $117.2M | $78.7M | $66.7M | $65.2M | $76.1M |
| Long-term debt | $0 | $191.0K | $752.0K | $1.8M | $0 | — | — | — | — | — |
| Total liabilities | $343.7M | $378.6M | $260.3M | $171.3M | $138.3M | $120.8M | $81.0M | $67.4M | $66.0M | — |
| Retained earnings | $87.0M | $68.8M | $53.2M | $43.9M | $34.4M | $28.2M | $26.7M | $23.0M | $22.5M | $20.5M |
| Total equity | $116.6M | $90.6M | $74.8M | $60.6M | $52.4M | $44.7M | $45.3M | $40.6M | $38.7M | $37.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $16.6M | $33.7M | $42.1M | $4.6M | $4.7M | $38.0M | $3.2M | $13.9M | -$2.0M | -$516.0K |
| Depreciation and amortisation | $7.7M | $4.3M | $2.8M | $2.1M | $1.5M | $713.0K | $488.0K | $482.0K | $477.0K | $296.0K |
| Stock-based compensation | $4.8M | $4.1M | $4.1M | $1.9M | $1.5M | $1.3M | $759.0K | $2.8M | $1.5M | $1.7M |
| Capital expenditure | — | — | — | — | — | — | $106.0K | $266.0K | $359.0K | $1.0M |
| Investing cash flow | -$2.0M | -$26.4M | -$17.7M | -$11.0M | -$258.0K | -$16.8M | -$106.0K | -$266.0K | -$359.0K | -$1.0M |
| Financing cash flow | -$9.1M | -$13.0M | -$8.9M | -$1.8M | -$4.4M | -$6.7M | -$3.2M | -$4.1M | -$6.0M | -$8.5M |
| Dividends paid | $3.1M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.1M | $3.1M | $3.1M | $3.2M |
| Buybacks | $2.0M | $1.6M | $1.7M | $655.0K | $544.0K | $3.7M | $86.0K | $1.0M | $3.0M | $5.4M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-016707.
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