The strong beat across all key metrics and raised effective margin profile suggest accelerating organic momentum. Watch the Q4 2026 conference call for guidance on full-year 2026 performance and integration updates on the NeoVAD and Interworks acquisitions.
Price Chart
Executive Summary
Climb Global Solutions reported record Q3 2026 results with net sales up 37% to $220.3M, net income up 69% to $7.9M ($0.43 diluted EPS), and adjusted EBITDA up 35% to $14.7M, all exceeding consensus estimates of $0.38 EPS and $181.0M revenue. The company also completed the acquisition of NeoVAD in France subsequent to quarter end, expanding its European presence.
Key Financial Metrics
Key Facts
- Net sales increased 37% to $220.3 million from $161.3 million in the year-ago quarter
- Net income increased 69% to $7.9 million or $0.43 per diluted share from $4.7 million or $0.25 per diluted share
- Adjusted EBITDA increased 35% to $14.7 million from $10.9 million
- Gross billings increased 40% to $706.4 million; Distribution segment gross billings up 41% to $680.5 million
- Gross profit increased 28% to $33.0 million from $25.7 million
- Effective margin (adjusted EBITDA as % of gross profit) improved 230 bps to 44.6%
- Cash and cash equivalents were $66.9 million at September 30, 2026, up from $36.6 million at December 31, 2025
- No outstanding debt at quarter end; $50 million revolving credit facility undrawn
- Subsequent to quarter end, acquired NeoVAD to expand European presence in France
- 19 of top 20 vendors generated sequential growth during the quarter
Financial Impact
Net sales beat consensus by $39.3M (21.7%); EPS beat consensus by $0.05 (13.2%); net income grew 69% YoY
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Distribution gross billings | $680.5M | +41.2% |
| Solutions gross billings | $25.9M | +13.9% |
Risk Factors
- SG&A increased 28.7% to $20.9 million, partly from acquisitions and IT investments
- Acquisition integration risk for NeoVAD and Interworks
- Dependence on continued vendor relationship growth and new vendor onboarding
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-033785 |
| Document: clmb20260731_8k.htm | 0001437749-26-033785 |
| Document: 0001437749-26-033785-index-headers.html | 0001437749-26-033785 |
| Document: 0001437749-26-033785-index.html | 0001437749-26-033785 |
| Document: 0001437749-26-033785.txt | 0001437749-26-033785 |
| 8-K Data (Synthetic) | 0001437749-26-033785 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | 8-K | No price | awaiting T+5 | awaiting T+5 | No price |
Oct 28, 2026 1d ago | Press Release | $35.00 | awaiting T+5 | awaiting T+5 | $41.84 (+19.54%) |
Oct 22, 2026 7d ago | 8-K | $31.95 $41.84 | ▲ +30.95% | ▲ +30.25% | $41.84 (+30.95%) |
Oct 22, 2026 7d ago | Press Release | $31.95 $41.84 | ▲ +30.95% | ▲ +30.25% | $41.84 (+30.95%) |
Oct 15, 2026 14d ago | Press Release | $32.94 | awaiting T+5 | awaiting T+5 | $41.84 (+27.02%) |
Jun 25, 2026 18w ago | 8-K | $22.34 $23.86 | ▲ +6.80% | ▲ +4.64% | $41.84 (+87.29%) |
Jun 17, 2026 19w ago | Press Release | $22.52 $22.14 | ▼ −1.69% | ▼ −0.65% | $41.84 (+85.79%) |
May 4, 2026 25w ago | Press Release | $18.76 $19.76 | ▲ +5.33% | ▲ +2.39% | $41.84 (+123.03%) |
Apr 16, 2026 28w ago | Press Release | $22.88 $21.25 | ▼ −7.12% | ▼ −8.11% | $41.84 (+82.87%) |
Mar 4, 2026 34w ago | Press Release | $22.65 $20.51 | ▼ −9.42% | ▼ −8.08% | $41.84 (+84.76%) |
US Market Status
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