Climb Global Solutions (CLMB) financial statements: income statement, balance sheet and cash flow

Climb Global Solutions's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Climb Global Solutions reported revenue of $652.5M (+40.1% year on year) and net income of $21.3M (+14.6% year on year).

Income statement

Climb Global Solutions income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$652.5M	$465.6M	$352.0M	$304.3M
Cost of sales	$547.2M	$374.5M	$287.8M	$250.3M
Gross profit	$105.3M	$91.1M	$64.2M	$54.1M
Selling, general, and administrative expenses	$67.5M	$56.5M	$44.3M	$34.1M
Acquisition related costs	$807.0K	$2.3M	$629.0K	$582.0K
Depreciation and amortization expense	$7.7M	$4.3M	$2.8M	$2.1M
Income from operations	$29.2M	$28.0M	$16.5M	$17.3M
Interest, net	$844.0K	$917.0K	$927.0K	$159.0K
Foreign currency transaction loss	($737.0K)	($273.0K)	($636.0K)	($941.0K)
Change in fair value of acquisition contingent consideration	($1.4M)	($3.6M)	—	—
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$27.9M	$25.0M	$16.8M	$16.5M
Provision for income taxes	$6.6M	$6.4M	$4.5M	$4.0M
Net income	$21.3M	$18.6M	$12.3M	$12.5M
Income per common share-Basic (in dollars per share)	$4.64	$4.06	$2.72	$2.81
Income per common share-Diluted (in dollars per share)	$4.64	$4.06	$2.72	$2.81
Weighted average common shares outstanding — Basic (in shares)	4.5M	4.5M	4.4M	4.3M
Weighted average common shares outstanding — Diluted (in shares)	4.5M	4.5M	4.4M	4.3M

Climb Global Solutions income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$174.2M	$182.4M	$161.3M	$159.3M
Cost of sales	$144.1M	$155.9M	$135.6M	$133.0M
Gross profit	$30.2M	$26.5M	$25.7M	$26.3M
Selling, general, and administrative expenses	$20.7M	$20.3M	$16.2M	$16.4M
Acquisition related costs	$19.0K	$301.0K	$594.0K	$13.0K
Depreciation and amortization expense	$2.1M	$2.0M	$2.0M	$2.0M
Income from operations	$7.4M	$3.9M	$6.9M	$8.0M
Interest, net	$275.0K	$142.0K	$224.0K	$151.0K
Foreign currency transaction gain (loss)	($120.0K)	$144.0K	$2.0K	$14.0K
Change in fair value of acquisition contingent consideration	$0	$0	($860.0K)	($379.0K)
Income before provision for income taxes	$7.5M	$4.2M	$6.3M	$7.7M
Provision for income taxes	$2.0M	$836.0K	$1.6M	$1.8M
Net income	$5.5M	$3.3M	$4.7M	$6.0M
Income per common share-Basic (in dollars per share)	$0.30	$0.18	$1.02	$1.30
Income per common share-Diluted (in dollars per share)	$0.30	$0.18	$1.02	$1.30
Weighted average common shares outstanding — Basic (in shares)	18.3M	18.2M	4.5M	4.5M
Weighted average common shares outstanding — Diluted (in shares)	18.3M	18.2M	4.5M	4.5M

Balance sheet

Climb Global Solutions balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$36.6M	$29.8M	$36.3M	$20.2M
Accounts receivable, net of allowance for expected credit losses of $669 and $588, respectively	$324.3M	$341.6M	$222.3M	$154.6M
Inventory, net	$2.5M	$2.4M	$3.7M	$4.8M
Prepaid expenses and other current assets	$10.8M	$6.9M	$6.8M	$4.1M
Total current assets	$374.2M	$380.7M	$269.1M	$184.6M
Equipment and leasehold improvements, net	$13.3M	$12.9M	$8.8M	$3.5M
Goodwill	$36.8M	$34.9M	$27.2M	$19.0M
Other intangibles, net	$32.2M	$36.5M	$26.9M	$19.7M
Right-of-use assets, net	$1.7M	$2.0M	$878.0K	$1.2M
Accounts receivable, net of current portion	$1.2M	$1.2M	$797.0K	$3.1M
Other assets	$510.0K	$824.0K	$1.1M	$350.0K
Deferred income tax assets	$133.0K	$193.0K	$324.0K	$348.0K
Total assets	$460.2M	$469.2M	$335.1M	$231.9M
Accounts payable and accrued expenses	$336.5M	$370.4M	$249.6M	$160.7M
Lease liability, current portion	$791.0K	$654.0K	$450.0K	$521.0K
Term loan, current portion	$191.0K	$560.0K	$540.0K	$520.0K
Total current liabilities	$337.5M	$371.6M	$250.6M	$161.7M
Lease liability, net of current portion	$1.2M	$1.7M	$879.0K	$1.3M
Deferred income tax liabilities	$4.9M	$4.7M	$5.6M	$4.1M
Term loan, net of current portion	$0	$191.0K	$752.0K	$1.3M
Non-current liabilities	$28.0K	$381.0K	$2.5M	$2.9M
Total liabilities	$343.7M	$378.6M	$260.3M	$171.3M
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	53.0K	53.0K	53.0K	53.0K
Additional paid-in capital	$42.3M	$38.0M	$34.6M	$32.7M
Treasury stock, at cost, 673,882 and 683,198 shares, respectively	-14.9M	-13.3M	-12.6M	-13.2M
Retained earnings	$87.0M	$68.8M	$53.2M	$43.9M
Accumulated other comprehensive loss	$2.1M	($2.9M)	($522.0K)	($2.9M)
Total stockholders’ equity	$116.6M	$90.6M	$74.8M	$60.6M
Total liabilities and stockholders' equity	$460.2M	$469.2M	$335.1M	$231.9M

Climb Global Solutions balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$56.6M	$41.8M	$49.8M	$28.6M
Accounts receivable, net of allowance for expected credit losses of $652 and $669, respectively	$295.3M	$306.4M	$224.5M	$289.1M
Inventory, net	$4.6M	$4.9M	$3.2M	$3.3M
Prepaid expenses and other current assets	$12.6M	$10.5M	$10.0M	$9.2M
Total current assets	$369.0M	$363.5M	$287.5M	$330.2M
Equipment and leasehold improvements, net	$13.6M	$13.7M	$13.5M	$13.6M
Goodwill	$41.9M	$42.0M	$36.8M	$37.3M
Other intangibles, net	$34.5M	$36.1M	$33.8M	$35.7M
Right-of-use assets, net	$1.8M	$1.5M	$1.9M	$1.5M
Accounts receivable, net of current portion	$857.0K	$1.3M	$878.0K	$1.2M
Other assets	$492.0K	$526.0K	$585.0K	$649.0K
Deferred income tax assets	$148.0K	$138.0K	$1.2M	$527.0K
Total assets	$462.5M	$458.8M	$376.1M	$420.7M
Accounts payable	$292.2M	$298.4M	—	—
Accrued expenses and other current liabilities	$35.1M	$31.0M	—	—
Lease liability, current portion	$683.0K	$770.0K	$798.0K	$727.0K
Term loan, current portion	$0	$0	$334.0K	$474.0K
Total current liabilities	$327.9M	$330.1M	$260.1M	$308.9M
Lease liability, net of current portion	$1.4M	$1.0M	$1.4M	$1.1M
Deferred income tax liabilities	$5.7M	$6.0M	$4.9M	$5.1M
Other non-current liabilities	$2.5M	$3.3M	$381.0K	$381.0K
Total liabilities	$337.5M	$340.4M	$266.8M	$315.5M
Common stock, $.01 par value; 40,000,000 shares authorized; 21,138,000 shares issued: 18,660,639 and 18,442,472 shares outstanding, respectively	211.0K	53.0K	53.0K	53.0K
Additional paid-in capital	$43.9M	$43.3M	$41.1M	$40.0M
Treasury stock, at cost, 2,477,361 and 2,695,528 shares, respectively	-15.3M	-16.0M	-14.6M	-14.3M
Retained earnings	$95.9M	$90.4M	$80.8M	$76.9M
Accumulated other comprehensive income	$321.0K	$709.0K	$1.8M	$2.4M
Total stockholders’ equity	$125.0M	$118.4M	$109.3M	$105.2M
Total liabilities and stockholders' equity	$462.5M	$458.8M	$376.1M	$420.7M

Cash flow statement

Climb Global Solutions cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$21.3M	$18.6M	$12.3M	$12.5M
Depreciation and amortization expense	$7.7M	$4.3M	$2.8M	$2.1M
Provision for expected credit losses	$110.0K	$126.0K	$54.0K	$19.0K
Deferred income tax benefit	($105.0K)	($512.0K)	($383.0K)	($535.0K)
Share-based compensation expense	$4.8M	$4.1M	$4.1M	$1.9M
Gain on disposal of fixed assets	($5.0K)	—	—	—
Amortization of discount on accounts receivable	($67.0K)	($34.0K)	($50.0K)	($109.0K)
Amortization of right-of-use assets	$611.0K	$439.0K	$366.0K	$426.0K
Business Combination, Contingent Consideration, Change in Contingent Consideration, Liability, Increase (Decrease)	$1.4M	$3.6M	—	—
Accounts receivable	$25.6M	($124.0M)	($29.6M)	($35.8M)
Inventory	$114.0K	$1.2M	$3.6M	($2.8M)
Prepaid expenses and other current assets	($3.9M)	($428.0K)	($2.4M)	$1.0M
Vendor prepayments	$0	$0	$890.0K	($230.0K)
Accounts payable and accrued expenses	($40.2M)	$126.9M	$49.7M	$25.4M
Lease liability, net	($697.0K)	($415.0K)	($495.0K)	($503.0K)
Other assets and liabilities	($73.0K)	($102.0K)	$1.3M	$1.2M
Net cash and cash equivalents provided by operating activities	$16.6M	$33.7M	$42.1M	$4.6M
Purchase of equipment and leasehold improvements	($2.0M)	($5.5M)	($5.0M)	($2.5M)
Payment for acquisitions, net of cash acquired	$0	($21.0M)	($12.7M)	($8.5M)
Net cash and cash equivalents used in investing activities	($2.0M)	($26.4M)	($17.7M)	($11.0M)
Purchase of treasury stock	($2.0M)	($1.6M)	($1.7M)	($655.0K)
Borrowings under credit facilities	$0	$0	$10.0M	—
Repayments of borrowings under credit facilities	$0	($4.2M)	($13.1M)	—
Repayments of borrowings under term loan	($560.0K)	($540.0K)	($520.0K)	($336.0K)
Dividends paid	($3.1M)	($3.0M)	($3.0M)	($3.0M)
Contingent consideration	($3.4M)	($3.6M)	—	—
Payments of deferred financing costs	$0	$0	($637.0K)	—
Net cash and cash equivalents used in financing activities	($9.1M)	($13.0M)	($8.9M)	($1.8M)
Net (decrease) increase in cash and cash equivalents	$6.8M	($6.5M)	—	—
Cash and cash equivalents at beginning of period	$29.8M	$36.3M	$20.2M	$29.3M
Cash and cash equivalents at end of period	$36.6M	$29.8M	$36.3M	$20.2M
Effect of foreign exchange rate on cash and cash equivalents	$1.2M	($871.0K)	$544.0K	($743.0K)
Income taxes paid	$9.9M	$4.1M	$5.4M	$4.3M
Interest paid	$142.0K	$212.0K	$180.0K	$50.0K
Contingent earn-out	$0	$1.7M	$2.2M	—

Climb Global Solutions cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$8.9M	$3.3M	$14.3M	$9.7M
Depreciation and amortization expense	$4.1M	$2.0M	$5.7M	$3.7M
Provision for doubtful accounts	$93.0K	$24.0K	$104.0K	$66.0K
Deferred income tax benefit	($396.0K)	($134.0K)	($1.2M)	($409.0K)
Share-based compensation expense	$2.9M	$1.4M	$3.6M	$2.5M
Gain on disposal of fixed assets	$0	$0	($5.0K)	($5.0K)
Amortization of discount on accounts receivable	($38.0K)	($19.0K)	($34.0K)	($23.0K)
Amortization of right-of-use assets	$324.0K	$164.0K	$448.0K	$279.0K
Change in fair value of contingent earn-out consideration	$0	$0	$1.4M	$515.0K
Accounts receivable	$31.6M	$20.8M	$124.3M	$61.6M
Inventory	($2.2M)	($2.4M)	($579.0K)	($748.0K)
Prepaid expenses and other current assets	($698.0K)	$1.5M	($3.1M)	($2.3M)
Accounts payable and accrued expenses	($14.4M)	($12.8M)	($116.1M)	($68.5M)
Lease liability, net	($410.0K)	($206.0K)	($502.0K)	($319.0K)
Other assets and liabilities	$2.5M	$3.2M	$240.0K	$173.0K
Net cash and cash equivalents provided by operating activities	$32.2M	$16.8M	$28.5M	$6.3M
Purchases of property and equipment	($939.0K)	($478.0K)	—	—
Payment for acquisition, net of cash acquired	($8.2M)	($8.2M)	$0	—
Net cash and cash equivalents used in investing activities	($9.2M)	($8.7M)	($1.7M)	($1.4M)
Purchase of treasury stock	($1.6M)	($1.5M)	($1.7M)	($1.4M)
Borrowings under credit facilities	$9.0M	$9.0M	—	—
Repayments of borrowings under credit facilities	($10.1M)	($10.1M)	$0	$0
Repayments of borrowings under term loan	($145.0K)	($145.0K)	($418.0K)	($278.0K)
Dividends paid	$0	$0	($2.3M)	($1.5M)
Contingent consideration paid	$0	$0	($3.6M)	($3.6M)
Net cash and cash equivalents used in financing activities	($2.9M)	($2.7M)	($8.0M)	($6.8M)
Effect of foreign exchange rate on cash and cash equivalents	($165.0K)	($191.0K)	$1.3M	$741.0K
Net increase in cash and cash equivalents	$20.0M	$5.2M	$20.1M	($1.2M)
Cash and cash equivalents at beginning of period	$36.6M	$36.6M	$29.8M	$29.8M
Cash and cash equivalents at end of period	$56.6M	$41.8M	$49.8M	$28.6M
Income taxes paid	$5.1M	$462.0K	$6.9M	$5.1M
Interest paid	$97.0K	$52.0K	$114.0K	$53.0K

Climb Global Solutions score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.