Climb Global Solutions Q4 Sales Up 20% to $193.8M, Suspends Dividend
Climb Global Solutions' full-year net sales rose 40% to $652.5 million, with net income up 15% to $21.3 million and adjusted EBITDA climbing 8% to $42.9 million. Fourth-quarter net sales rose 20% to $193.8 million while adjusted EBITDA fell to $13.0 million, and the board suspended the dividend.
1. Full-Year 2025 Financial Highlights
Climb Global Solutions delivered net sales of $652.5 million in 2025, a 40% increase over 2024, driving net income to $21.3 million, up 15% year over year ($4.64 per share). Adjusted EBITDA grew 8% to $42.9 million, while gross billings rose 18% to $2.1 billion (Distribution segment +19% to $2.0 billion; Solutions segment +1% to $90.3 million).
2. Fourth Quarter Performance
In Q4 2025, net sales increased 20% to $193.8 million, but net income flatlined at $7.0 million ($1.52 per share). Adjusted net income declined to $7.0 million ($1.53 per share) from $10.3 million, and adjusted EBITDA dropped to $13.0 million from $16.1 million, despite gross billings rising 3% to $625.4 million (Distribution +4% to $602.3 million; Solutions flat at $23.1 million).
3. Strategic Initiatives and Dividend Policy
Management evaluated nearly 100 vendor opportunities in Q4, signing two new partners including Fortinet, and completed the Interworks acquisition to expand European operations in Greece, Albania, Italy, Bulgaria and Romania. To preserve capital for organic growth and potential M&A, the board suspended the quarterly cash dividend starting Q1 2026.