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olivLaw · US equity research

Climb Global Solutions, Inc. CLMB

Wholesale-Computers & Peripheral Equipment & Software · SIC 5045 · Vertical: Wholesale-Computers & Peripheral Equipment & Software (SIC 5045)

43.05USD+1.58% · 1 dayClose 04 Nov 2026

Climb Global Solutions is a value-added IT distributor that brings software and solutions from emerging vendors to resellers in North America and Europe. The company reported net sales of $652.5 million in 2025, and in the second quarter of 2026 sales reached $174.2 million. The profile matters because its model depends on IT market demand and vendor relationships, both of which change quickly.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Climb Global Solutions, Inc. (CLMB) stock was 43.05 USD (+1.58% on the day), with market capitalisation 803.2 m USD, P/E 9.3 on diluted EPS of 4.64 USD over the last 12 months, dividend yield 1.58%, beta 0.92, 52-week range 16.68–43.05 USD. Latest reported quarter (Q3 2026): revenue of 220.3 m USD (+36.5% YoY), net income of 7.9 m USD (+69.0% YoY), diluted EPS 0.43 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
803.2 m USD
shares as of 29 Oct 2026
P/E (TTM)
9.3
Diluted EPS TTM 4.64 · TTM to 31 Dec 2025
E/P (TTM)
10.78%
TTM to 31 Dec 2025
Dividend yield
1.58%
DPS 12m 0.68
Beta (2y)
0.92
Volatility (1y) 54%
52-week range
16.6843.05

Price history

Loading chart…

Technical reading

RSI (14)
77.9
overbought (≥ 70)
Bollinger (20, 2)
26.76 – 42.84
above the upper band · %B 1.01 · band width 46.2%
SMA 50 / 200
31.76 / 25.93
uptrend (price > SMA50 > SMA200)
MACD (12, 26, 9)
2.70 / 1.67
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+27.6%−1.1%+28.7 pp—
3 months+58.8%−0.5%+59.2 pp—
6 months+119.3%+4.4%+114.9 pp—
Year to date+67.5%+12.3%+55.2 pp—
1 year+52.1%+13.5%+38.5 pp+22.0%
3 years+299.2%+76.4%+222.8 pp+58.9%
5 years+510.6%+63.7%+447.0 pp—
Max drawdown (1y)
−47.7%
16 Jan 2026 → 30 Apr 2026
Max drawdown (5y)
−53.5%
06 Oct 2025 → 30 Apr 2026
Compound annual growth (5y)
+43.6%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q3 2026 · 30 Sept 2026

Revenue
220.3 m USD
+36.5% YoY
Net income
7.9 m USD
+69.0% YoY
Diluted EPS
0.43
+72.0% YoY
net / operating
3.6% / 4.5%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Revenue161.8 m138.0 m159.3 m161.3 m193.8 m182.4 m174.2 m220.3 m
Cost of revenue130.5 m114.6 m133.0 m135.6 m164.0 m155.9 m144.1 m187.3 m
Gross profit31.2 m23.4 m26.3 m25.7 m29.8 m26.5 m30.2 m33.0 m
SG&A17.1 m16.8 m16.4 m16.2 m18.2 m20.3 m20.7 m20.9 m
Operating income11.7 m4.8 m8.0 m6.9 m9.5 m3.9 m7.4 m10.0 m
Depreciation & amortisation1.3 m1.7 m2.0 m2.0 m2.0 m2.0 m2.1 m2.1 m
Pre-tax income9.8 m4.2 m7.7 m6.3 m9.6 m4.2 m7.5 m10.9 m
Income tax2.8 m564.0 k1.8 m1.6 m2.6 m836.0 k2.0 m2.9 m
Net income7.0 m3.7 m6.0 m4.7 m7.0 m3.3 m5.5 m7.9 m
Diluted EPS1.56 ≈0.200.330.25—0.180.300.43
Operating cash flow16.0 m8.5 m-2.2 m ≈22.2 m ≈-11.9 m16.8 m15.4 m ≈11.9 m ≈
Capex—729.0 k672.0 k ≈271.0 k ≈—478.0 k461.0 k ≈839.0 k ≈
Dividends paid763.0 k766.0 k767.0 k ≈772.0 k ≈773.0 k00 ≈0 ≈
Share repurchases555.0 k883.0 k540.0 k ≈307.0 k ≈320.0 k1.5 m146.0 k ≈182.0 k ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 97 percentile of its own 36-quarter history (min 2.0, median 4.1, max 14.4; quarters with earnings only).

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue181.4 m208.8 m251.6 m282.6 m304.3 m352.0 m465.6 m652.5 m
Revenue YoY−59.6%+15.1%+20.5%+12.3%+7.7%+15.7%+32.3%+40.1%
Net income3.5 m6.8 m4.5 m9.2 m12.5 m12.3 m18.6 m21.3 m
Net income YoY−30.1%+91.8%−34.1%+105.6%+35.9%−1.4%+51.0%+14.6%
Diluted EPS0.781.511.012.092.812.724.064.64
Diluted EPS YoY−31.0%+93.6%−33.1%+106.9%+34.4%−3.2%+49.3%+14.3%
net %1.9%3.3%1.8%3.3%4.1%3.5%4.0%3.3%
Free cash flow13.6 m3.1 munavailableunavailableunavailableunavailableunavailableunavailable

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
36.6 m USD
Financial debt
191.0 k USD
Net debt
-36.4 m USD
Equity
116.6 m USD
Total assets
460.2 m USD
Debt / equity
0.00x
Current ratio
1.11x
ROE
20.6%
ROA
4.6%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
352.0 m
2024
465.6 m
2025
652.5 m

SEC (XBRL)· 27 Feb 2026verified

Cost of revenue
2023
287.8 m
2024
374.5 m
2025
547.2 m

SEC (XBRL)· 27 Feb 2026verified

Gross profit
2023
64.2 m
2024
91.1 m
2025
105.3 m

SEC (XBRL)· 27 Feb 2026verified

SG&A
2023
44.3 m
2024
56.5 m
2025
67.6 m

SEC (XBRL)· 27 Feb 2026verified

Operating income
2023
16.5 m
2024
28.0 m
2025
29.2 m

SEC (XBRL)· 27 Feb 2026verified

Depreciation & amortisation
2023
2.8 m
2024
4.3 m
2025
7.7 m

SEC (XBRL)· 27 Feb 2026verified

EBITDA
2023
19.3 m ≈
2024
32.3 m ≈
2025
36.9 m ≈

SEC (XBRL)· 27 Feb 2026derived

Pre-tax income
2023
16.8 m
2024
25.0 m
2025
27.9 m

SEC (XBRL)· 27 Feb 2026verified

Income tax
2023
4.5 m
2024
6.4 m
2025
6.6 m

SEC (XBRL)· 27 Feb 2026verified

Net income
2023
12.3 m
2024
18.6 m
2025
21.3 m

SEC (XBRL)· 27 Feb 2026verified

Diluted EPS
2023
2.72
2024
4.06
2025
4.64

SEC (XBRL)· 27 Feb 2026verified

Weighted average diluted shares
2023
4.4 m
2024
4.5 m
2025
4.5 m

SEC (XBRL)· 27 Feb 2026verified

Dividend per share
2023
0.68
2024
0.68
2025
0.68

SEC (XBRL)· 27 Feb 2026verified

Balance sheet · USD

Cash
2023
36.3 m
2024
29.8 m
2025
36.6 m

SEC (XBRL)· 27 Feb 2026verified

Receivables
2023
222.3 m
2024
341.6 m
2025
324.3 m

SEC (XBRL)· 27 Feb 2026verified

Inventories
2023
3.7 m
2024
2.4 m
2025
2.5 m

SEC (XBRL)· 27 Feb 2026verified

Current assets
2023
269.1 m
2024
380.7 m
2025
374.2 m

SEC (XBRL)· 27 Feb 2026verified

Property, plant & equipment, net
2023
8.9 m
2024
12.9 m
2025
13.3 m

SEC (XBRL)· 27 Feb 2026verified

Goodwill
2023
27.2 m
2024
34.9 m
2025
36.8 m

SEC (XBRL)· 27 Feb 2026verified

Intangibles (excl. goodwill)
2023
26.9 m
2024
36.6 m
2025
32.2 m

SEC (XBRL)· 27 Feb 2026verified

Total assets
2023
335.1 m
2024
469.2 m
2025
460.2 m

SEC (XBRL)· 27 Feb 2026verified

Accounts payable
2023
218.7 m
2024
331.7 m
2025
309.7 m

SEC (XBRL)· 27 Feb 2026verified

Short-term debt
2023
540.0 k
2024
560.0 k
2025
191.0 k

SEC (XBRL)· 27 Feb 2026verified

Long-term debt
2023
752.0 k
2024
191.0 k
2025
0

SEC (XBRL)· 27 Feb 2026verified

Current liabilities
2023
250.6 m
2024
371.6 m
2025
337.5 m

SEC (XBRL)· 27 Feb 2026verified

Total liabilities
2023
260.3 m
2024
378.6 m
2025
343.7 m

SEC (XBRL)· 27 Feb 2026verified

Equity
2023
74.8 m †
2024
90.6 m †
2025
116.6 m †

SEC (XBRL)· 27 Feb 2026verified

Cash flow · USD

Operating cash flow
2023
42.1 m
2024
33.7 m
2025
16.6 m

SEC (XBRL)· 27 Feb 2026verified

Investing cash flow
2023
-17.7 m
2024
-26.4 m
2025
-2.0 m

SEC (XBRL)· 27 Feb 2026verified

Financing cash flow
2023
-9.0 m
2024
-13.0 m
2025
-9.1 m

SEC (XBRL)· 27 Feb 2026verified

Dividends paid
2023
3.0 m
2024
3.0 m
2025
3.1 m

SEC (XBRL)· 27 Feb 2026verified

Share repurchases
2023
1.7 m
2024
1.6 m
2025
2.1 m

SEC (XBRL)· 27 Feb 2026verified

Computed indicators

Growth

Revenue growth (YoY)
40.1%
computed by olivLawFY 2025
Revenue CAGR 3Y
28.9%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
21.0%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
4.3%
computed by olivLawFY 2025
Net income growth (YoY)
14.6%
computed by olivLawFY 2025
Net income CAGR 3Y
19.5%
computed by olivLawFY 2022 → FY 2025
Net income CAGR 5Y
36.7%
computed by olivLawFY 2020 → FY 2025
EPS growth (YoY)
14.3%
computed by olivLawFY 2025
EPS CAGR 3Y
18.2%
computed by olivLawFY 2022 → FY 2025
EPS CAGR 5Y
35.7%
computed by olivLawFY 2020 → FY 2025
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
15.5%
computed by olivLawTTM to 30 Sept 2026
EBITDA margin
5.0%
computed by olivLawTTM to 30 Sept 2026
EBIT margin
4.0%
computed by olivLawTTM to 30 Sept 2026
Net margin
3.1%
computed by olivLawTTM to 30 Sept 2026
FCF margin
unavailable
input data missing

Returns

ROE
19.5%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROA
5.3%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROIC
35.8%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROCE
21.5%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Payout ratio (EPS)
14.7%
computed by olivLawTTM to 30 Sept 2026
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
-66.9 m USD
computed by olivLawbalance sheet at 30 Sept 2026
Net debt / EBITDA
-1.7x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Debt / equity
0.0x
computed by olivLawbalance sheet at 30 Sept 2026
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
1.1x
computed by olivLawbalance sheet at 30 Sept 2026
Quick ratio
1.1x
computed by olivLawbalance sheet at 30 Sept 2026
Cash ratio
0.2x
computed by olivLawbalance sheet at 30 Sept 2026

Cash

Operating cash flow
32.2 m USD
computed by olivLawTTM to 30 Sept 2026
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
82.8%
computed by olivLawTTM to 30 Sept 2026

Efficiency

Days sales outstanding
134 days
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Days inventory outstanding
2 days
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Days payables outstanding
156 days
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Cash conversion cycle
-20 days
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026

Market and valuation

Market capitalisation
803.2 m USD
computed by olivLawbalance sheet at 30 Sept 2026
Enterprise value
736.3 m USD
computed by olivLawbalance sheet at 30 Sept 2026
Market cap / net income TTM
33.8x
computed by olivLawTTM to 30 Sept 2026
P/E (TTM)
33.8x
computed by olivLawTTM to 30 Sept 2026
Earnings yield
3.0%
computed by olivLawTTM to 30 Sept 2026
P/B
6.0x
computed by olivLawbalance sheet at 30 Sept 2026
P/S
1.0x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
EV/EBITDA
18.9x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
EV/EBIT
24.0x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
EV/Sales
1.0x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
1.6%
computed by olivLawTTM to 30 Sept 2026
Shareholder yield (distributions)
0.4%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Neutral profile

Score: 58 / 100

A scoring methodology on indicators and valuation, not investment advice.

Closing price

43.05 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 803.2 m USD

Key indicators

Market capitalisation
803.2 m USD
computed by olivLawbalance sheet at 30 Sept 2026
P/E (TTM)
33.8x
computed by olivLawTTM to 30 Sept 2026
P/B
6.0x
computed by olivLawbalance sheet at 30 Sept 2026
EV/EBITDA
18.9x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROE
19.5%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Net margin
3.1%
computed by olivLawTTM to 30 Sept 2026
Revenue growth (YoY)
40.1%
computed by olivLawFY 2025
Dividend yield
1.6%
computed by olivLawTTM to 30 Sept 2026

Coverage and freshness

32/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Sept 2026
Latest balance sheet date: 30 Sept 2026
Share count (cover of the latest filing), as of: 29 Oct 2026
Source: SEC (XBRL)published 29 Oct 2026
verified 2496derived 183

Score by group

  • Valuation0
  • Returns5
  • Quality89
  • Balance sheet79
  • Growth100

Estimated value range

Low
18.52
USD per share
Mid
20.02
USD per share
High
22.98
USD per share
Price: 43.05 USD
The price is above the range
Potential to the central value: -53.5% (value / price − 1)
Margin of safety: -115.1% (1 − price / value)
Agreement between methods: same comparison basis (not independent confirmations) · 2 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 17.86 – 24.21 USD.

Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
  • Peers: EV/EBITDA19.19 – 21.74 (Mid 20.09)
    3 companies used · median multiple 7.9x · quartiles 7.5x – 8.7x
    INGM, SCSC, SNX
  • Peers: P/E17.86 – 24.21 (Mid 19.95)
    5 companies used · median multiple 15.7x · quartiles 14.0x – 19.0x
    CNXN, INGM, PLUS, SCSC, SNX
  • Dividend discount (DDM)outside the aggregate8.94 – 12.02 (Mid 10.25)
    a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Multiple comparisons use the SIC vertical: Wholesale-Computers & Peripheral Equipment & Software (SIC 5045)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Neutral profile · Score 58/100

FactorValueScoreWeight used
ROIC · Quality35.8%100 (on a fixed band)14%
Net margin · Quality3.1%71 (vs peers)8%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth28.9%100 (on a fixed band)11%
EPS CAGR 3Y · Growth18.2%100 (on a fixed band)11%
Net debt / EBITDA · Balance sheet-1.7x100 (on a fixed band)14%
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet1.1x28 (on a fixed band)6%
P/E (TTM) · Valuation33.8x0 (vs peers)14%
EV/EBITDA · Valuation18.9x0 (on a fixed band)14%
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returns0.4%5 (on a fixed band)8%
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet79/100 · 2/3 factors with a value
  • Growth100/100 · 2/2 factors with a value
  • Quality89/100 · 2/3 factors with a value
  • Returns· partial5/100 · 1/2 factors with a value
  • Valuation0/100 · 2/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Climb Global Solutions, Inc. (CLMB). Latest full fiscal year: 2025; data up to 2026-09-30.

Figures computed from the financial statements: revenue 652.5 m USD in 2025; YoY growth 40.1%; net margin 3.1%; ROE 19.5%; net debt/EBITDA -1.7x.

The estimated value range is 18.52–22.98 USD per share (median of 2 methods, agreement: same basis (multiples on one peer group, not independent confirmations)); assumptions are illustrative. Against the central value of 20.02 USD, the price of 43.05 USD leaves a potential of -53.5% (value / price − 1) and a margin of safety of -115.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

olivLaw score 58/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • ROIC: 35.8%
  • Net margin: 3.1%
  • Revenue CAGR 3Y: 28.9%
  • EPS CAGR 3Y: 18.2%
  • Net debt / EBITDA: -1.7x

What contradicts it

  • Current ratio: 1.1x
  • P/E (TTM): 33.8x
  • EV/EBITDA: 18.9x
  • Shareholder yield (distributions): 0.4%
  • The price is above the estimated value range

Not assessed (insufficient data or a ratio without meaning): FCF conversion, Interest coverage, FCF yield, Payout ratio (FCF).

Versus the vertical median

Wholesale-Computers & Peripheral Equipment & Software (SIC 5045) · same industry (4-digit SIC) · compared with 7 companies

Multiples and returns vs the median

P/E
33.8x
vertical median 15.7x
above median (+115.8%)
EV/EBITDA
18.9x
vertical median 7.9x
above median (+139.2%)
P/S
1.0x
vertical median 0.5x
above median (+96.8%)
P/B
6.0x
vertical median 2.1x
above median (+186.7%)
ROE
19.5%
vertical median 10.9%
above median (+79.4%)
Net margin
3.1%
vertical median 1.8%
above median (+76.1%)
EBIT margin
4.0%
vertical median 2.7%
above median (+47.2%)
Revenue YoY
40.1%
vertical median 6.9%
above median (+478.6%)
Net debt/EBITDA
-1.7x
vertical median 0.5x
below median (−461.3%)
Dividend yield
1.6%
vertical median 0.8%
above median (+92.0%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
SNXTd Synnex Corporation18.4 bn14.014.9%1.8%+6.9%+51% / +134%
INGMIngram Micro Holding Corp6.0 bn13.210.9%0.8%+9.5%+22% / unavailable
PLUSePlus inc.2.4 bn19.012.0%5.1%+22.1%+1% / +43%
CNXNPc Connection, Inc.2.2 bn21.710.9%3.3%+2.5%+51% / +47%
SCSCScanSource, Inc.1.1 bn15.78.7%2.4%+6.1%+39% / +70%
CLMBClimb Global Solutions, Inc.803.2 m33.819.5%3.1%+40.1%+52% / +299%
CGTLCreative Global Technology Holdings Limited56.2 m—-84.9%-63.2%−40.6%−79% / unavailable
PNSkycorp Solar Group Limited——-14.9%-4.3%+27.0%−85% / unavailable

1- and 3-year price returns: for CLMB from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
28.13
Total return -34% · Per year -34%
49.51
Total return 15% · Per year 15%
74.26
Total return 73% · Per year 73%
3 years
33.37
Total return -21% · Per year -8%
65.47
Total return 54% · Per year 15%
106.94
Total return 151% · Per year 36%
5 years
39.58
Total return -6% · Per year -1%
86.59
Total return 104% · Per year 15%
153.99
Total return 262% · Per year 29%
What moves the 3-year price the most
  • Exit P/E± 16.37
  • Net margin± 11.46
  • Annual revenue growth± 8.55
  • Annual dilution± 0.96

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 30 Jul 2026; since then the company filed 10-Q (29 Oct 2026), 8-K (28 Oct 2026 · results).

In brief

Climb Global Solutions is a value-added IT distributor that brings software and solutions from emerging vendors to resellers in North America and Europe. The company reported net sales of $652.5 million in 2025, and in the second quarter of 2026 sales reached $174.2 million. The profile matters because its model depends on IT market demand and vendor relationships, both of which change quickly.

SWOT

Strengths

  • An efficient distribution model with low inventory needs and direct vendor shipments 1.
  • Long-standing vendor relationships and the ability to bring new products to market 1.
  • A solid balance sheet with no debt outstanding at the end of the second quarter of 2026 3.

Weaknesses

  • Low gross margins leave little room for pricing or cost errors 1.
  • Dependence on a few large customers and a small number of key vendors 1.
  • The effective margin declined in the second quarter of 2026 compared with the prior year, indicating pressure on profitability 3.

Opportunities

  • Growth in cloud offerings and higher-margin services could improve profitability 1.
  • Integration of recent acquisitions and expansion in Europe could create synergies 3.
  • Emerging vendors seeking an efficient route to market could add new partners to the line card 1.

Threats

  • Direct sales by vendors to customers could reduce the role of the distributor 1.
  • Continued price pressure from competitors with greater resources 1.
  • Credit, regulatory and data-protection risks, including those related to AI 1.

Risks

  • Dependence on vendorshigh

    Losing a major vendor could disrupt product availability, and contracts can often be terminated on short notice 1.

  • Customer concentrationhigh

    A small number of resellers generate a large share of sales, so losing one could affect results 1.

  • Credit riskmedium

    The company offers extended payment terms, which could increase losses if customers face financial difficulties 1.

  • Margin pressuremedium

    Price competition can compress margins, and quarterly results can fluctuate significantly 12.

  • Technology and regulatory riskslow

    Failures or misuse of AI and digital platforms could generate costs and liability 1.

Investment thesis

What would need to be true (bull case)

  • If organic growth across the vendor portfolio is sustained and the recent acquisition integrates well, the company could continue expanding revenue 3.
  • The asset-light model and debt-free balance sheet could provide flexibility for further acquisitions or investment 3.
  • If cloud services grow as a share of the mix, margins could improve relative to traditional distribution 1.

What would break the thesis

  • If the effective margin keeps declining, sales growth may not translate into profit 3.
  • Dependence on a few large vendors and customers could expose the company to sudden disruptions 1.
  • If vendors sell more directly, the distributor's role could become less attractive 1.

What to watch

  • Trend in effective margin and SG&A costs after the Interworks integrationQ3 2026
  • Target to more than double adjusted EBITDA from fiscal 2025 by 2030, presented at the Investor Day2030

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 30 Jul 2026; since then the company filed 10-Q (29 Oct 2026), 8-K (28 Oct 2026 · results).

The business

Climb Global Solutions, Inc. is a value-added IT distribution and solutions company listed on NASDAQ under the symbol CLMB. Its main activity runs through the Distribution segment, called Climb Channel Solutions, which sells products from software developers and manufacturers to corporate resellers, VARs and systems integrators. The company runs an efficient distribution model in which most products are drop-shipped by vendors, reducing inventory investment 1.

Through acquisitions it has widened its geographic footprint and partner relationships, including Data Solutions in the United Kingdom and Ireland and DSS for North American education markets 1. In 2026 it completed the acquisition of interworks.cloud, which contributed to second-quarter sales growth 3. The company says it focuses its line card on selected vendors rather than scale for its own sake 3.

Customers are largely large resellers, and a small number of them account for a significant share of sales, so losing one major customer would have a visible impact 1. The company suspended quarterly cash dividends beginning in the first quarter of 2026 to preserve financial flexibility 2.

Market context

Demand in IT distribution depends on software renewal cycles, investment in security and cloud, and overall economic activity 1. The market is intensely competitive and pricing remains under constant pressure, which limits margins 1.

Sales growth in 2026 rests on existing vendors and new partnerships, but quarterly results can fluctuate considerably, and a slowdown in IT spending could quickly affect volumes 23.

Trends

  • Shift to cloud and hybrid modelstailwind

    Vendors increasingly include cloud and hybrid products, opening value-added service opportunities for resellers 1.

  • Direct sales by vendorsheadwind

    Some manufacturers sell directly to end users, which could reduce the role of distributors if this trend accelerates 1.

  • Artificial intelligencemixed

    AI adoption can create demand for new products but requires investment in digital platforms and carries regulatory and security risks 1.

  • Vendor consolidationheadwind

    Consolidation among manufacturers may reduce the number of available suppliers and increase pricing pressure 1.

Competitive position

The company competes with much larger broad-line distributors that have greater resources, such as Arrow Electronics, TD Synnex and Ingram Micro 1. Competition also comes from specialty distributors and cloud solution providers 1.

The company's stated advantage is flexibility and fast access for emerging vendors to the IT channel, while larger competitors have greater scale 1.

  • Arrow ElectronicsARW

    Large broad-line distributor that the company names as having greater resources 1.

  • TD SynnexSNX

    Large-scale distributor competing for distribution rights and share among authorized resellers 1.

  • Ingram Micro

    Broad-line distributor with substantial resources, listed in the same competitor group 1.

  • Specialty distributors and cloud solution providers

    Smaller competitors focused on product niches or industries, competing on price and service 1.

News & filings

In the press

SEC filings

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Climb Global Solutions, Inc. · 27 Feb 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Climb Global Solutions, Inc. · 30 Jul 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Climb Global Solutions, Inc. · 29 Jul 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.