Climb Global Solutions (CLMB)
Market Price (10/29/2026): $0 | Market Cap: $-Sector: Information Technology | Industry: Technology Distributors
Climb Global Solutions (CLMB)
Market Price (10/29/2026): $0Market Cap: $-Sector: Information TechnologyIndustry: Technology Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 6.8% Low stock price volatilityVol 12M is 50% Megatrend and thematic driversMegatrends include Cybersecurity, Cloud Computing, and Artificial Intelligence. Themes include Software Security, Show more. | Trading close to highsDist 52W High is -1.8% Weak multi-year price returns2Y Excs Rtn is -5.6% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.29 | Key risksCLMB key risks include [1] its significant dependency on a limited number of vendors and customers, Show more. |
| Attractive yieldFCF Yield is 6.8% |
| Low stock price volatilityVol 12M is 50% |
| Megatrend and thematic driversMegatrends include Cybersecurity, Cloud Computing, and Artificial Intelligence. Themes include Software Security, Show more. |
| Trading close to highsDist 52W High is -1.8% |
| Weak multi-year price returns2Y Excs Rtn is -5.6% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.29 |
| Key risksCLMB key risks include [1] its significant dependency on a limited number of vendors and customers, Show more. |
Qualitative Assessment
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Climb Global Solutions (CLMB) stock has gained about 80% since 6/30/2026 because of the following key factors:
1. Exceptional Fiscal Q3 2026 Financial Performance.
Climb Global Solutions reported record-breaking results for fiscal Q3 2026 (ended September 30, 2026), significantly surpassing analyst expectations. The company announced diluted earnings per share (EPS) of $0.43, exceeding the consensus estimate of $0.38 by $0.05. Additionally, revenue reached a record $220.3 million, substantially beating estimates of approximately $180.98 million to $181.50 million. This strong performance was driven by a 37% year-over-year increase in net sales to $220.3 million, a 69% surge in net income to $7.9 million, and a 40% rise in gross billings to $706.4 million. Adjusted EBITDA also grew by 35% to $14.7 million for the quarter.
2. Strategic Acquisition Expanding European Footprint.
In fiscal Q4 2026, Climb Global Solutions completed the acquisition of NeoVAD, a France-based value-added IT distributor, for approximately €16.0 million ($18.0 million). This acquisition is a key component of Climb's strategy to expand its scale and capabilities across Europe, adding significant reach in the French market with approximately 300 active resellers and strengthening relationships with vendors like Cato Networks, DataCore, and Netwrix. The acquisition is expected to be accretive to earnings and adjusted EBITDA, building on NeoVAD's strong growth where its EBITDA increased by 487% from fiscal year 2024 to fiscal year 2025, reaching €2.2 million.
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Climb Global Solutions (CLMB) stock has gained about 80% since 6/30/2026 because of the following key factors:
1. Exceptional Fiscal Q3 2026 Financial Performance.
Climb Global Solutions reported record-breaking results for fiscal Q3 2026 (ended September 30, 2026), significantly surpassing analyst expectations. The company announced diluted earnings per share (EPS) of $0.43, exceeding the consensus estimate of $0.38 by $0.05. Additionally, revenue reached a record $220.3 million, substantially beating estimates of approximately $180.98 million to $181.50 million. This strong performance was driven by a 37% year-over-year increase in net sales to $220.3 million, a 69% surge in net income to $7.9 million, and a 40% rise in gross billings to $706.4 million. Adjusted EBITDA also grew by 35% to $14.7 million for the quarter.
2. Strategic Acquisition Expanding European Footprint.
In fiscal Q4 2026, Climb Global Solutions completed the acquisition of NeoVAD, a France-based value-added IT distributor, for approximately €16.0 million ($18.0 million). This acquisition is a key component of Climb's strategy to expand its scale and capabilities across Europe, adding significant reach in the French market with approximately 300 active resellers and strengthening relationships with vendors like Cato Networks, DataCore, and Netwrix. The acquisition is expected to be accretive to earnings and adjusted EBITDA, building on NeoVAD's strong growth where its EBITDA increased by 487% from fiscal year 2024 to fiscal year 2025, reaching €2.2 million.
3. Expansion of Cybersecurity and AI-focused Portfolio with New Partnerships.
Climb Global Solutions bolstered its product and solutions portfolio through new distribution agreements and strategic partnerships, particularly in high-growth areas like cybersecurity and artificial intelligence. This includes adding Netwrix to its security portfolio through a new distribution agreement and partnering with Aura Business to address the challenge of unmanaged devices. Furthermore, in August 2026, the company signed a distribution agreement with Harmonic Security to support the adoption of AI in mid-market and enterprise sectors. These initiatives enhance Climb's offerings and capitalize on strong industry demand for specialized technology solutions.
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Stock Movement Drivers
Fundamental Drivers
The 42.7% change in CLMB stock from 6/30/2026 to 10/28/2026 was primarily driven by a 46.5% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10282026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.21 | 33.13 | 42.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 697 | 712 | 2.1% |
| Net Income Margin (%) | 3.0% | 2.9% | -4.2% |
| P/E Multiple | 20.2 | 29.5 | 46.5% |
| Shares Outstanding (Mil) | 18 | 18 | -0.4% |
| Cumulative Contribution | 42.7% |
Market Drivers
6/30/2026 to 10/28/2026| Return | Correlation | |
|---|---|---|
| CLMB | 42.7% | |
| Market (SPY) | 3.4% | 6.3% |
| Sector (XLK) | 0.3% | -1.0% |
Fundamental Drivers
The 67.2% change in CLMB stock from 3/31/2026 to 10/28/2026 was primarily driven by a 74.9% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10282026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.82 | 33.13 | 67.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 653 | 712 | 9.1% |
| Net Income Margin (%) | 3.3% | 2.9% | -11.8% |
| P/E Multiple | 16.9 | 29.5 | 74.9% |
| Shares Outstanding (Mil) | 18 | 18 | -0.7% |
| Cumulative Contribution | 67.2% |
Market Drivers
3/31/2026 to 10/28/2026| Return | Correlation | |
|---|---|---|
| CLMB | 67.2% | |
| Market (SPY) | 19.1% | 2.5% |
| Sector (XLK) | 43.9% | 4.4% |
Fundamental Drivers
The -1.6% change in CLMB stock from 9/30/2025 to 10/28/2026 was primarily driven by a -24.5% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10282026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.66 | 33.13 | -1.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 578 | 712 | 23.1% |
| Net Income Margin (%) | 3.8% | 2.9% | -24.5% |
| P/E Multiple | 27.5 | 29.5 | 7.2% |
| Shares Outstanding (Mil) | 18 | 18 | -1.2% |
| Cumulative Contribution | -1.6% |
Market Drivers
9/30/2025 to 10/28/2026| Return | Correlation | |
|---|---|---|
| CLMB | -1.6% | |
| Market (SPY) | 16.9% | 16.6% |
| Sector (XLK) | 36.1% | 13.1% |
Fundamental Drivers
The 214.1% change in CLMB stock from 9/30/2023 to 10/28/2026 was primarily driven by a 114.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302023 | 10282026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.55 | 33.13 | 214.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 332 | 712 | 114.4% |
| Net Income Margin (%) | 3.5% | 2.9% | -18.2% |
| P/E Multiple | 15.9 | 29.5 | 86.2% |
| Shares Outstanding (Mil) | 18 | 18 | -3.9% |
| Cumulative Contribution | 214.1% |
Market Drivers
9/30/2023 to 10/28/2026| Return | Correlation | |
|---|---|---|
| CLMB | 214.1% | |
| Market (SPY) | 86.9% | 31.9% |
| Sector (XLK) | 137.2% | 26.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CLMB Return | 88% | -8% | 77% | 133% | -18% | 25% | 631% |
| Peers Return | 39% | -11% | 32% | -5% | -9% | 81% | 157% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| CLMB Win Rate | 50% | 33% | 75% | 75% | 42% | 70% | |
| Peers Win Rate | 75% | 42% | 65% | 48% | 40% | 64% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CLMB Max Drawdown | -19% | -33% | -28% | -28% | -30% | -48% | |
| Peers Max Drawdown | -16% | -28% | -20% | -23% | -34% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SNX, ARW, AVT, NSIT, CDW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/29/2026 (YTD)
How Low Can It Go
| Event | CLMB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.9% | -18.8% |
| % Gain to Breakeven | 28.0% | 23.1% |
| Time to Breakeven | 126 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.4% | -9.5% |
| % Gain to Breakeven | 30.6% | 10.5% |
| Time to Breakeven | 117 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.6% | -24.5% |
| % Gain to Breakeven | 30.8% | 32.4% |
| Time to Breakeven | 57 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.7% | -33.7% |
| % Gain to Breakeven | 57.9% | 50.9% |
| Time to Breakeven | 51 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.2% | -19.2% |
| % Gain to Breakeven | 33.8% | 23.8% |
| Time to Breakeven | 231 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -27.4% | -17.9% |
| % Gain to Breakeven | 37.8% | 21.8% |
| Time to Breakeven | 126 days | 123 days |
In The Past
Climb Global Solutions's stock fell -21.9% during the 2025 US Tariff Shock. Such a loss loss requires a 28.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | CLMB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.9% | -18.8% |
| % Gain to Breakeven | 28.0% | 23.1% |
| Time to Breakeven | 126 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -23.4% | -9.5% |
| % Gain to Breakeven | 30.6% | 10.5% |
| Time to Breakeven | 117 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.6% | -24.5% |
| % Gain to Breakeven | 30.8% | 32.4% |
| Time to Breakeven | 57 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.7% | -33.7% |
| % Gain to Breakeven | 57.9% | 50.9% |
| Time to Breakeven | 51 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.2% | -19.2% |
| % Gain to Breakeven | 33.8% | 23.8% |
| Time to Breakeven | 231 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -27.4% | -17.9% |
| % Gain to Breakeven | 37.8% | 21.8% |
| Time to Breakeven | 126 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -41.9% | -53.4% |
| % Gain to Breakeven | 72.2% | 114.4% |
| Time to Breakeven | 299 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -20.1% | -8.6% |
| % Gain to Breakeven | 25.2% | 9.5% |
| Time to Breakeven | 1277 days | 47 days |
In The Past
Climb Global Solutions's stock fell -21.9% during the 2025 US Tariff Shock. Such a loss loss requires a 28.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Climb Global Solutions (CLMB)
Climb Global Solutions (CLMB) operates as a value-added information technology (IT) distribution and solutions company with a global reach, serving the United States, Canada, Europe, the United Kingdom, and other international markets. The company's core business involves distributing and reselling a wide range of technical software and hardware developed by other vendors, along with providing complementary technical services.
The company's offerings span a comprehensive line of products and tools critical for modern IT environments, available through its various brands such as Climb Channel Solutions, Sigma Software Distribution, TechXtend, and Grey Matter. These solutions address key areas including virtualization/cloud computing, cybersecurity, networking, data storage and infrastructure management, and application lifecycle management (ALM). Climb Global Solutions also provides specialized technical services to support these complex IT products.
Climb Global Solutions primarily serves corporate and value-added resellers (VARs), consultants, and systems integrators, enabling them to deliver cutting-edge IT solutions to their end-user customers. The company's market focus includes industries requiring advanced solutions in security, data management, cloud services, connectivity, storage and hyper-converged infrastructure (HCI), virtualization, and software development (ALM).
```AI Analysis | Feedback
Here are 1-2 brief analogies to describe Climb Global Solutions (CLMB):
A specialized Ingram Micro or Synnex for B2B IT software and hardware distribution.
A CDW that also distributes IT solutions to other resellers.
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- Technical Software: A diverse portfolio of specialized software for virtualization, cloud computing, security, networking, storage, infrastructure management, and application lifecycle management.
- Computer Hardware: A variety of computer hardware components and systems from different vendors.
- IT Distribution Services: Value-added distribution services that connect technical software and hardware vendors with resellers, consultants, and systems integrators globally.
- IT Solutions: Curated and integrated solutions tailored for specific industry needs in areas such as security, data management, cloud, and virtualization.
- Technical Services: Direct technical support and services provided to end-user customers for the implementation and management of IT products.
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- Corporate and Value Added Resellers
- Consultants
- Systems Integrators
- End User Customers (for direct resale of software/hardware and technical services)
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Dale Foster
Chief Executive Officer and President
Mr. Foster joined Climb Global Solutions in January 2018 as Executive Vice President of Sales and Marketing, was promoted to President of its Lifeboat Distribution business unit in July 2019, and became Chief Executive Officer in January 2020. He brings over 20 years of industry and channel experience. Prior to joining Climb, Mr. Foster served as President of Promark Technology since 1997, which he joined in 1988. He led Promark Technology through its acquisition by Ingram Micro in 2012, after which he became Executive Director and General Manager overseeing the Promark emerging vendor division until 2017. Under his leadership, Climb Channel Solutions has seen its revenue increase significantly from $730 million in 2020 to $1.26 billion in 2023. Mr. Foster holds a Bachelor's of Technology in Electrical Engineering from Rochester Institute of Technology and an Associate's degree in electrical engineering from Alfred State University.
Matthew Sullivan
Chief Financial Officer
Mr. Sullivan was appointed Chief Financial Officer effective January 10, 2025. He joined Climb Global Solutions in January 2019 and has risen internally, previously holding roles as Vice President, Corporate Controller, and Chief Accounting Officer since February 2022. Mr. Sullivan possesses 13 years of accounting and financial leadership experience. Before his tenure at Climb, he spent two years as Director of Accounting at Jackson Hewitt and five years in public accounting with BDO USA. He has played a pivotal role in advancing Climb's growth strategy, including driving financial diligence for five accretive acquisitions since 2020. Mr. Sullivan is a Certified Public Accountant and holds a Bachelor of Science in Accounting from Kutztown University.
Tim Popovich
President and Chief Operating Officer
Mr. Popovich was appointed President and Chief Operating Officer in August 2023. He has accumulated over 20 years of experience in product management, sales, and operations since joining Climb Global Solutions in October 2003, rising internally through various roles. Prior to joining the Company, Mr. Popovich served as an Account Manager for Depot America, a master distributor for HP and Lexmark printer equipment. He received a Bachelor of Arts degree in Communications from Wilkes University.
Kim Stevens
Chief Marketing Officer
Ms. Stevens is a channel-focused marketing executive with over 30 years of experience in driving revenue growth, strengthening partner ecosystems, and leading go-to-market strategies across the IT channel. She joined Climb Global Solutions in 2022. Before coming to Climb, Ms. Stevens ran the Women of the Channel Leadership Network at The Channel Company and has led channel teams and partnerships at companies such as HP, EMC, Cisco, and IBM. She holds a Bachelor of Science degree in Computer Science with a minor in Business Administration from Northeastern University.
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The key risks to Climb Global Solutions' business include significant customer and vendor concentration, the challenges of rapid technological change and intense competition, and risks associated with its acquisition-driven growth strategy.
- Customer and Vendor Concentration: Climb Global Solutions faces substantial risk from its reliance on a limited number of customers and vendors. The company's top five customers accounted for over half of its consolidated net sales in 2025. Additionally, one major vendor represented 10% of its consolidated purchases in 2024. The loss of a key customer or a group of customers, or adverse changes in terms with significant vendors, could have a material negative impact on the company's revenue and financial performance.
- Rapid Technological Change and Intense Competition: Operating in the dynamic information technology sector, Climb Global Solutions is exposed to risks associated with rapid technological advancements and market disruption. The company focuses on emerging and disruptive technologies, including cloud, SaaS, and AI-enabled offerings. Failure to adapt its product offerings, stay ahead of technological curves, or adequately support these evolving solutions could diminish its competitive edge. Furthermore, Climb Global Solutions competes with larger broadline distributors that possess significantly more resources, leading to potential pricing pressures and challenges in maintaining market share.
- Acquisition and Integration Risks: A central part of Climb Global Solutions' growth strategy involves acquisitions, with the company having completed deals to expand its presence and planning further transactions. This strategy introduces inherent risks, including difficulties in successfully integrating acquired businesses, realizing anticipated synergies, retaining key personnel, and potential goodwill impairment. Unsuccessful acquisitions or integration challenges could adversely affect the company's financial results and operational efficiency.
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Climb Global Solutions operates in various segments of the information technology (IT) market, distributing technical software and hardware and providing IT solutions globally, including in the United States, Canada, Europe, and the United Kingdom. Its main offerings encompass virtualization, cloud computing, security, data management, storage, infrastructure management, and application lifecycle management (ALM) solutions.
Addressable Markets:
-
Cloud Computing/Cloud Solutions:
- The global cloud computing market size was estimated at USD 943.65 billion in 2025 and is projected to reach USD 3,349.61 billion by 2033, growing at a CAGR of 16.0% from 2026 to 2033. North America is expected to dominate the global market, holding the largest revenue share of 38.6% in 2025. The U.S. cloud computing market is anticipated to grow significantly at a CAGR of 16.8% from 2026 to 2033. Other estimates place the global cloud computing market at USD 1,125.9 billion in 2024, projected to grow to USD 2,281.1 billion by 2030 with a CAGR of 12.0%. The European cloud computing market is projected to reach USD 550.42 billion by 2030, growing from USD 325.92 billion in 2025 at a CAGR of 11.0%.
-
Cybersecurity:
- The global cybersecurity market size was valued at USD 218.98 billion in 2025 and is projected to grow to USD 699.39 billion by 2034, exhibiting a CAGR of 13.8%. North America held a significant share of 43.0% of the global market in 2025. Another source estimates the global cybersecurity market at USD 301.91 billion in 2025, expected to reach USD 878.48 billion by 2034 with a CAGR of 12.60%. The U.S. cybersecurity market is projected to grow from USD 69.50 billion in 2025 to USD 98.11 billion by 2030. The Europe cybersecurity market is projected to grow from USD 54.77 billion in 2025 to USD 83.14 billion by 2030. The U.K. cybersecurity sector generated USD 17.5 billion in revenue in 2024.
-
Virtualization (Software and Tools):
- The global virtualization market is projected to grow from USD 98.91 billion in 2025 to USD 286.84 billion by 2032, at a CAGR of 16.42%. The global virtual machine market, a component of virtualization, was valued at USD 11.11 billion in 2024 and is projected to reach USD 43.81 billion by 2034, with a CAGR of 14.71%. North America contributed 37% of this market share in 2024. The global virtualization software market size was valued at USD 12.767 billion in 2025 and is projected to grow to USD 20.352 billion by 2034, with a CAGR of 7.0%. The global application virtualization market size was estimated at USD 3.43 billion in 2023 and is projected to reach USD 8.40 billion by 2030, growing at a CAGR of 14.3%.
-
Enterprise Data Management / IT Storage:
- The global enterprise data management market size was valued at USD 79.7 billion in 2021 and is projected to reach USD 224.5 billion by 2031, growing at a CAGR of 10.8%. More recent data indicates the global enterprise data management market is calculated at USD 124.93 billion in 2025 and is predicted to increase to USD 349.52 billion by 2034, at a CAGR of 12.11%. North America dominated this market with a 37% share in 2024. The global data storage market size was valued at USD 361.08 billion in 2025 and is expected to reach USD 1,510.61 billion by 2034, exhibiting a CAGR of 15.78%. North America holds a 37% market share in 2025.
-
Application Lifecycle Management (ALM):
- The global application lifecycle management (ALM) market size was valued at USD 4.71 billion in 2025 and is predicted to increase to USD 11.62 billion by 2034, expanding at a CAGR of 10.56%. North America dominated this market with the largest share of 32% in 2024. Other estimates for the global ALM market include USD 4.70 billion in 2025, growing to USD 6.58 billion by 2029 with a CAGR of 8.6%.
-
IT Services (Overall, including distribution and solutions):
- The Canada IT services market size reached USD 28.3 billion in 2025 and is expected to reach USD 72.2 billion by 2034, with a CAGR of 10.41%. Another estimate for the Canada IT services market is USD 60.08 billion in 2025, projected to reach USD 128.46 billion by 2030, growing at a CAGR of 16.23%.
- The UK IT services market size reached USD 44.5 billion in 2025 and is expected to reach USD 110.5 billion by 2034, exhibiting a CAGR of 10.63%. Another source states the UK IT services market generated USD 105.4 billion in 2025 and is expected to reach USD 183.7 billion by 2033 with a CAGR of 7.1%.
- The Europe IT services market was estimated at USD 311.5 billion in 2023 and is projected to grow at a CAGR of 9.7% from 2024 to 2030. Another forecast projects the Europe IT Services Market to grow from USD 492.99 billion in 2025 to USD 676.0 billion by 2035, with a CAGR of 3.24%.
- The UK software distribution market is estimated at USD 22,115.2 million in 2025 and is expected to rise to USD 73,743.7 million by 2035, at a CAGR of 12.8%.
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Here are 3-5 expected drivers of future revenue growth for Climb Global Solutions (CLMB) over the next 2-3 years:
- Strategic Acquisitions and European Expansion: Climb Global Solutions has demonstrated a commitment to growth through strategic mergers and acquisitions. The recent acquisition of Interworks is expected to strengthen the company's presence in various European markets and enhance its relationship within the Microsoft ecosystem, immediately contributing to earnings and adjusted EBITDA. The company has plans for additional acquisitions in 2026, aiming for one to two deals.
- Focus on High-Growth Technologies (AI and Cybersecurity): The company has strategically repositioned itself to concentrate on high-value, high-touch distribution of specialized software, particularly in artificial intelligence (AI) and cybersecurity. This pivot is identified as a significant factor driving sales growth.
- Organic Growth from New and Existing Vendors: Climb Global Solutions is experiencing organic growth driven by strong relationships and expanding business with both new and existing vendors. This organic expansion is a consistent contributor to increased net sales.
- Strategic Vendor Partnerships: New and strengthened partnerships with key technology vendors, such as Fortinet and Darktrace, are expected to open new channels for growth and become substantial contributors to sales and earnings.
- Investment in Operational Efficiency and AI Tools: The company plans to accelerate organic growth by reinvesting in operational efficiency and developing new generative AI tools. These investments aim to enhance capabilities and drive future revenue streams.
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Share Repurchases
- Climb Global Solutions repurchased $1.6 million of its own shares as of March 11, 2025.
- As of March 11, 2025, the company had an active share repurchase program with 545,786 shares authorized for future repurchase.
Share Issuance
- On March 13, 2026, a Form 144 was filed reporting an intended sale of 10,000 shares of Common Stock with an aggregate value of $810,000.
- Prior stock awards, likely for compensation, included 9,752 shares on March 5, 2026, and 248 shares on February 17, 2026.
Outbound Investments
- The company acquired interworks.cloud, a cloud distributor in Southeastern Europe, for approximately €8.0 million ($9.4 million) in February 2026. This acquisition is expected to be immediately accretive to earnings and Adjusted EBITDA.
- Climb Global Solutions completed the acquisition of DSS for approximately $20.3 million and Data Solutions for €15.0 million by the end of 2024.
- Climb Global Solutions pursued a growth through acquisition strategy, completing its fifth accretive acquisition in 2024, following four prior transactions in 2020, 2022, and 2023.
Capital Expenditures
- Capital expenditures, reflected as purchases of property, plant, and equipment, were -$0.3 million in the fourth quarter of 2025.
- For the twelve months leading up to March 3, 2026, capital expenditures totaled $3.55 million.
- The company emphasizes a "capital-light, acquisition-driven model" with a focus on capital efficiency and low inventory through digital and drop-ship fulfillment.
Peer Outperformance in Technology Distributors
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 10 | 40.3% | 147.2% | 265.1% | FLEX 639% · TTMI 597% · JBL 392% |
| Technology Distributors ← | 9 | 40.5% | 99.1% | 93.0% | AVT 183% · SNX 162% · CNXN 107% |
| Semiconductor Materials & Equipment | 28 | 59.2% | 83.6% | 71.6% | AXTI 717% · LRCX 372% · KLAC 369% |
| Communications Equipment | 36 | 6.4% | 83.3% | 59.3% | LITE 1013% · AAOI 973% · ANET 634% |
| Electronic Components | 26 | 1.5% | 68.3% | 51.9% | CLS 2956% · BELFA 1288% · APH 342% |
| Semiconductors | 55 | 7.4% | 50.0% | 19.3% | MU 1347% · NVDA 767% · AVGO 626% |
| Technology Hardware, Storage & Peripherals | 21 | 20.3% | 107.2% | 8.6% | SMCI 910% · DELL 882% · WDC 830% |
| Internet Services & Infrastructure | 6 | 5.4% | 55.5% | 1.8% | GDDY 52% · VRSN 48% · DOCN 10% |
| Electronic Equipment & Instruments | 27 | -9.0% | 29.8% | -6.4% | PI 149% · OSIS 113% · KEYS 87% |
| IT Consulting & Other Services | 30 | -29.4% | -0.6% | -27.4% | CHRN 447795% · APLD 324% · ADEA 175% |
| Systems Software | 69 | -12.2% | 37.2% | -46.6% | ZETA 318% · CRWD 279% · CVLT 172% |
| Application Software | 126 | -18.7% | -2.8% | -46.6% | PLTR 668% · FROG 208% · AGYS 169% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 172.79 |
| Mkt Cap | 9.5 |
| Rev LTM | 25,567 |
| Op Inc LTM | 1,105 |
| FCF LTM | 219 |
| FCF 3Y Avg | 327 |
| CFO LTM | 233 |
| CFO 3Y Avg | 420 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 23.6% |
| Rev Chg 3Y Avg | 2.1% |
| Rev Chg Q | 23.3% |
| QoQ Delta Rev Chg LTM | 5.5% |
| Op Inc Chg LTM | 32.7% |
| Op Inc Chg 3Y Avg | 2.8% |
| Op Mgn LTM | 3.9% |
| Op Mgn 3Y Avg | 4.2% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 3.4% |
| CFO/Rev 3Y Avg | 4.1% |
| FCF/Rev LTM | 3.0% |
| FCF/Rev 3Y Avg | 3.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Distribution | 627 | 442 | 325 | 283 | 259 |
| Solutions | 25 | 24 | 27 | 22 | 23 |
| Total | 653 | 466 | 352 | 304 | 283 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Distribution | 51 | 46 | 31 | 29 | 22 |
| Solutions | 7 | 7 | 6 | 5 | 4 |
| Acquisition related costs | -1 | -2 | -1 | -1 | |
| Depreciation and amortization expense | -8 | -4 | -3 | -2 | -2 |
| General and administrative | -21 | -19 | -17 | -14 | -13 |
| Total | 29 | 28 | 16 | 17 | 12 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Distribution | 375 | 395 | 243 | 181 | 134 |
| Corporate Assets | 63 | 52 | 54 | 30 | 38 |
| Solutions | 22 | 22 | 38 | 21 | 19 |
| Total | 460 | 469 | 335 | 232 | 191 |
Price Behavior
| Market Price | $33.13 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -1.8% | |
| 50 Days | 200 Days | |
| DMA Price | $30.39 | $25.66 |
| DMA Trend | up | up |
| Distance from DMA | 9.0% | 29.1% |
| 3M | 1YR | |
| Volatility | 35.2% | 49.7% |
| Downside Capture | -30.88 | 76.61 |
| Upside Capture | 90.28 | 67.50 |
| Correlation (S&P 500) | 16.7% | 14.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.91 | 0.64 | 0.20 | 0.07 | 0.65 | 1.00 |
| Up Beta | 2.08 | -0.09 | -1.66 | -1.23 | -0.38 | 0.91 |
| Down Beta | 5.19 | 2.13 | 0.53 | -0.42 | 1.04 | 1.17 |
| Up Capture | 99% | 127% | 150% | 112% | 63% | 125% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 13 | 25 | 38 | 71 | 131 | 402 |
| Down Capture | -120% | -34% | -42% | 10% | 98% | 96% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 9 | 16 | 25 | 53 | 119 | 347 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CLMB | |
|---|---|---|---|---|
| CLMB | 1.6% | 49.7% | 0.20 | - |
| Sector ETF (XLK) | 28.4% | 26.6% | 0.90 | 11.7% |
| Equity (SPY) | 13.7% | 12.7% | 0.72 | 14.7% |
| Gold (GLD) | 1.8% | 28.3% | 0.05 | 4.2% |
| Commodities (DBC) | 48.4% | 20.6% | 1.80 | -12.6% |
| Real Estate (VNQ) | 2.8% | 13.9% | -0.05 | 3.2% |
| Bitcoin (BTCUSD) | -29.4% | 43.4% | -0.68 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CLMB | |
|---|---|---|---|---|
| CLMB | 39.6% | 45.5% | 0.88 | - |
| Sector ETF (XLK) | 20.1% | 26.0% | 0.69 | 24.2% |
| Equity (SPY) | 12.7% | 17.1% | 0.56 | 27.8% |
| Gold (GLD) | 17.5% | 18.9% | 0.74 | 7.2% |
| Commodities (DBC) | 9.1% | 19.5% | 0.35 | 4.7% |
| Real Estate (VNQ) | 0.6% | 18.9% | -0.08 | 20.6% |
| Bitcoin (BTCUSD) | 4.1% | 51.6% | 0.26 | 15.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CLMB | |
|---|---|---|---|---|
| CLMB | 26.0% | 41.4% | 0.70 | - |
| Sector ETF (XLK) | 24.4% | 25.1% | 0.88 | 21.6% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 25.3% |
| Gold (GLD) | 12.0% | 16.4% | 0.60 | 6.3% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 11.6% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 22.3% |
| Bitcoin (BTCUSD) | 62.3% | 66.2% | 1.02 | 8.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/31/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -5.9% | -4.6% | 2.3% |
| 4/29/2026 | -21.6% | -7.7% | 1.8% |
| 2/25/2026 | -3.2% | -2.6% | -14.0% |
| 10/29/2025 | -8.0% | -15.5% | -23.7% |
| 7/30/2025 | 16.2% | 7.0% | 22.6% |
| 4/30/2025 | -4.5% | -1.8% | 4.7% |
| 3/5/2025 | 12.8% | -0.1% | -13.4% |
| 10/30/2024 | -3.0% | 16.0% | 27.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 11 | 16 |
| # Negative | 14 | 14 | 9 |
| Median Positive | 13.0% | 14.3% | 12.3% |
| Median Negative | -5.9% | -5.2% | -12.6% |
| Max Positive | 20.4% | 30.9% | 39.6% |
| Max Negative | -21.6% | -19.8% | -23.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -5.9% | -4.6% | 2.3% |
| 4/29/2026 | -21.6% | -7.7% | 1.8% |
| 2/25/2026 | -3.2% | -2.6% | -14.0% |
| 10/29/2025 | -8.0% | -15.5% | -23.7% |
| 7/30/2025 | 16.2% | 7.0% | 22.6% |
| 4/30/2025 | -4.5% | -1.8% | 4.7% |
| 3/5/2025 | 12.8% | -0.1% | -13.4% |
| 10/30/2024 | -3.0% | 16.0% | 27.7% |
| 8/6/2024 | 13.0% | 30.9% | 39.6% |
| 5/1/2024 | -10.5% | -14.7% | -12.6% |
| 2/28/2024 | 17.0% | 17.8% | 22.3% |
| 11/1/2023 | -2.8% | -1.5% | 12.5% |
| 8/2/2023 | -19.7% | -19.8% | -9.6% |
| 5/3/2023 | 1.8% | 1.6% | 6.2% |
| 3/1/2023 | 20.4% | 28.6% | 35.4% |
| 11/2/2022 | -5.9% | -0.3% | -2.0% |
| 8/3/2022 | -3.7% | -4.8% | -11.0% |
| 5/5/2022 | 2.6% | 2.1% | 11.1% |
| 3/2/2022 | 7.1% | 1.6% | 12.0% |
| 11/3/2021 | 6.9% | 14.3% | 10.9% |
| 8/4/2021 | 14.9% | 7.1% | 7.8% |
| 5/5/2021 | -3.8% | -5.7% | 13.6% |
| 3/1/2021 | 16.4% | 21.6% | 23.1% |
| 11/10/2020 | -12.9% | -11.5% | -17.6% |
| 8/12/2020 | -16.6% | -14.6% | -1.1% |
| SUMMARY STATS | |||
| # Positive | 11 | 11 | 16 |
| # Negative | 14 | 14 | 9 |
| Median Positive | 13.0% | 14.3% | 12.3% |
| Median Negative | -5.9% | -5.2% | -12.6% |
| Max Positive | 20.4% | 30.9% | 39.6% |
| Max Negative | -21.6% | -19.8% | -23.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 03/11/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 03/11/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 03/09/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 03/16/2021 | 10-K |
| 09/30/2020 | 11/12/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 03/04/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
Investor Activity (13F)
Updated Oct 29, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Technology Distributors Resources |
| CRN |
| Channel Futures |
| ChannelE2E |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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