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Climb Global Solutions, Inc. operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, and the United Kingdom. The company operates through two segments, Distribution and Solutions. It distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter. The company also resells computer software and hardware developed by others, as well as provides technical services to end user customers. In addition, it offers a line of products from various software vendors; and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management, and other technically sophisticated domains, as well as computer hardware. The company markets its products through its own web sites, local seminars, events, webinars, and social media, as well as direct email and printed materials. The company was formerly known as Wayside Technology Group, Inc. and changed its name to Climb Global Solutions, Inc. in October 2022. Climb Global Solutions, Inc. was incorporated in 1982 and is headquartered in Eatontown, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $653M | $38M | $21M | $15M | 18.3% | 40.1% | 14.6% |
| 2024 | $466M | $35M | $19M | $28M | 20.5% | 32.3% | 51.0% |
| 2023 | $352M | $20M | $12M | $37M | 16.5% | 15.7% | -1.4% |
| 2022 | $304M | $20M | $12M | $2M | 20.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 304.35 | 352.01 | 465.61 | 652.52 |
| Cost Of Revenue | 250.25 | 287.77 | 374.53 | 547.25 |
| Gross Profit | 54.09 | 64.25 | 91.08 | 105.27 |
| Operating Expense | 36.20 | 47.13 | 60.78 | 75.28 |
| Operating Income | 17.90 | 17.12 | 30.30 | 29.99 |
| EBITDA | 20.39 | 20.28 | 35.01 | 38.33 |
| EBIT | 17.90 | 17.12 | 30.30 | 29.99 |
| Pretax Income | 16.53 | 16.78 | 25.02 | 27.92 |
| Tax Provision | 4.04 | 4.46 | 6.41 | 6.59 |
| Net Income | 12.50 | 12.32 | 18.61 | 21.33 |
| Net Income Common Stockholders | 12.18 | 12 | 18.15 | 21 |
| Total Expenses | 286.45 | 334.89 | 435.30 | 622.52 |
| Selling General And Administration | 34.14 | 44.33 | 56.51 | 67.55 |
| Normalized EBITDA | 21.91 | 21.55 | 41.21 | 41.25 |
| Normalized Income | 13.65 | 13.25 | 23.22 | 23.56 |
| Basic EPS | 0.70 | 0.68 | 1.01 | 4.64 |
| Diluted EPS | 0.70 | 0.68 | 1.01 | 4.64 |
| Tax Effect Of Unusual Items | -0.37 | -0.34 | -1.59 | -0.69 |
| Tax Rate For Calcs | 0.24 | 0.27 | 0.26 | 0.24 |
| Total Unusual Items | -1.52 | -1.26 | -6.20 | -2.92 |
| Total Unusual Items Excluding Goodwill | -1.52 | -1.26 | -6.20 | -2.92 |
| Net Income From Continuing Operation Net Minority Interest | 12.50 | 12.32 | 18.61 | 21.33 |
| Reconciled Depreciation | 2.49 | 3.16 | 4.71 | 8.34 |
| Reconciled Cost Of Revenue | 249.82 | 287.40 | 374.09 | 546.64 |
| Net Interest Income | 0.16 | 0.93 | 0.92 | 0.84 |
| Net Income From Continuing And Discontinued Operation | 12.50 | 12.32 | 18.61 | 21.33 |
| Total Operating Income As Reported | 17.31 | 16.49 | 27.99 | 29.18 |
| Diluted Average Shares | 17.32 | 17.60 | 17.86 | 4.52 |
| Basic Average Shares | 17.32 | 17.60 | 17.86 | 4.52 |
| Diluted NI Availto Com Stockholders | 12.18 | 12 | 18.15 | 21 |
| Otherunder Preferred Stock Dividend | 0.32 | 0.32 | 0.46 | 0.33 |
| Net Income Including Noncontrolling Interests | 12.50 | 12.32 | 18.61 | 21.33 |
| Net Income Continuous Operations | 12.50 | 12.32 | 18.61 | 21.33 |
| Other Income Expense | -1.52 | -1.26 | -6.20 | -2.92 |
| Special Income Charges | -0.58 | -0.63 | -5.93 | -2.18 |
| Restructuring And Mergern Acquisition | 0.58 | 0.63 | 5.93 | 2.18 |
| Gain On Sale Of Security | -0.94 | -0.64 | -0.27 | -0.74 |
| Net Non Operating Interest Income Expense | 0.16 | 0.93 | 0.92 | 0.84 |
| Total Other Finance Cost | -0.16 | -0.93 | -0.92 | -0.84 |
| Depreciation Amortization Depletion Income Statement | 2.05 | 2.80 | 4.27 | 7.73 |
| Depreciation And Amortization In Income Statement | 2.05 | 2.80 | 4.27 | 7.73 |
| General And Administrative Expense | 0 | 0 | 0 | 0 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Operating Revenue | 304.35 | 352.01 | 465.61 | 652.52 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Climb Global Solutions, Inc.this co. | CLMB | $393M | 18.34↓ discount | 3.32 | 18.3% | 9.32 |
| TechTarget, Inc. | TTGT | $409M | - | 0.69 | -169.6% | 6.59 |
| PowerFleet, Inc. | AIOT | $409M | - | 0.84 | -11.4% | 8.19 |
| Digital Turbine, Inc. | APPS | $404M | - | 2.07 | -59.8% | 7.97 |
| Rapid7, Inc. | RPD | $391M |
| 16.25 |
| 2.49 |
| 15.1% |
| 15.28 |
| Clearfield, Inc. | CLFD | $386M | 62.02 | 1.55 | -3.1% | 34.29 |
| Cerence Inc. | CRNC | $384M | 427.00 | 2.56 | -12.4% | 7.54 |
| Yext, Inc. | YEXT | $379M | 54.14 | 2.92 | 23.8% | 20.26 |
| IBEX Limited | IBEX | $376M | 9.28 | 2.43 | 27.4% | 5.70 |
| Peer Median | - | 54.14 | 2.25 | -7.3% | 8.08 | |