Climb Global Sales Jump 32% to $182.4M, EBITDA Rises 4% in Q1
Climb Global Solutions' Q1 net sales rose 32% to $182.4 million, driven by organic growth and the February Interworks.cloud acquisition, while adjusted EBITDA climbed 4% to $7.9 million. The company suspended quarterly dividends to reinvest in M&A and AI-enabled automation, bolstering cash to $41.8 million with zero debt.
1. Q1 Financial Highlights
In the first quarter ended March 31, 2026, Climb Global Solutions reported net sales of $182.4 million, a 32% increase year-over-year, with gross billings up 14% to $542.8 million. Net income was $3.3 million, or $0.18 per diluted share, while adjusted EBITDA rose 4% to $7.9 million.
2. Acquisition and Integration
In February, the company completed its acquisition of Interworks.cloud, a Greece-based cloud distributor, adding over 600 reseller and MSP relationships. Early integration has opened opportunities for deeper penetration in Southeastern Europe and broader cross-selling across Climb’s existing vendor network.
3. Capital Allocation and Liquidity
Climb suspended its quarterly cash dividend to preserve financial flexibility for organic growth and M&A activity. As of March 31, the company held $41.8 million in cash and cash equivalents and carried no debt under its $50 million credit facility.
4. Strategic Initiatives and Outlook
Management highlighted investments in AI-enabled tools and automation to streamline workflows and support scalable growth without proportional headcount increases. The firm signed two new vendor agreements and remains focused on disciplined capital allocation and accretive acquisitions to drive future growth.