Key Highlights

  • Consensus EPS of 0.38 compares with second-quarter diluted EPS of 0.30, against 0.33 a year earlier.
  • Consensus revenue of USD 180.98 million compares with second-quarter net sales of USD 174.2 million, up 9%.
  • Gross billings were USD 587.3 million, up 17%, and gross profit was USD 30.2 million, up 15%.
  • Cash and cash equivalents were USD 56.6 million with no outstanding borrowings on the USD 50 million revolving credit facility.

Climb Global Solutions (NASDAQ:CLMB) reports third-quarter results on Wednesday, Oct. 28, with the timing not given in the estimates table. Consensus stands at EPS of 0.38 on revenue of USD 180.98 million, and the company has a market capitalization of USD 613.00 million.

Climb Global Solutions operates Distribution and Solutions segments that connect technology vendors with channel partners. Second-quarter net sales were USD 174,209 thousand against USD 159,284 thousand, and net income was USD 5,520 thousand against USD 5,968 thousand.

Estimates Against Second-Quarter Results

The EPS estimate of 0.38 is above the second-quarter diluted EPS of 0.30, which compared with 0.33 a year earlier, and above adjusted diluted EPS of 0.30. The estimates table does not state its EPS basis. The revenue estimate of USD 180.98 million is above the USD 174,209 thousand of net sales reported, which compared with USD 159,284 thousand.

Management gave no numeric third-quarter guidance. Gross profit was USD 30,157 thousand against USD 26,308 thousand, and income from operations was USD 7,390 thousand against USD 7,956 thousand.

What Management Guided and What It Left Open

Management gave no near-term numeric range and set a 2030 target to more than double fiscal year 2025 adjusted EBITDA through organic growth and operating leverage. Adjusted EBITDA was USD 11.3 million against USD 11.4 million.

Management left open the timing of large data center projects, saying results remain lumpy because the deals are large. Effective margin was 37.5% against 43.3% on infrastructure and headcount investments, and about USD 500,000 of professional costs and IT investments affected the quarter.

Billings, Vendors and Acquisition Detail

Distribution gross billings were USD 562.9 million, up 18%, and Solutions gross billings were USD 24.4 million, up 4%. A total of 19 of the top 20 vendors achieved growth, and Fortinet gross billings increased tenfold from the first quarter to the second quarter.

Management evaluated 34 brands and signed agreements with two. A total of 84 vendors comprise 98% of adjusted gross billings, against 48 vendors representing 90% in 2022. The Interworks acquisition closed in February 2026, with USD 5.1 million of goodwill recorded in the first half.

Income Statement Lines and Balance Sheet

Selling, general and administrative expenses were USD 20,668 thousand against USD 16,357 thousand, and depreciation and amortization was USD 2,080 thousand against USD 1,982 thousand. Income before income taxes was USD 7,545 thousand against USD 7,742 thousand, and adjusted net income reflected a higher effective tax rate.

Cash and cash equivalents were USD 56.6 million against USD 36.6 million at Dec. 31, 2025. SG&A was 3.5% of gross billings against 3.3%. The estimates table lists a market capitalization of USD 613.00 million.

Figures to Follow in the Release

Reported EPS against 0.38 and revenue against USD 180.98 million are the headline comparisons. Other markers are gross billings, effective margin and vendor additions.