Record Q3: Sales Jump 37%, Net Income Up 69% at IT Distributor
CLMB has more than doubled off its 52-week low of $15.245.
Summary
Climb posted record Q3 2026 results: net sales rose 37% to $220.3 million, gross billings climbed 40% to $706.4 million, and net income jumped 69% to $7.9 million, or $0.43 per diluted share versus $0.25 a year ago. Adjusted EBITDA grew 35% to $14.7 million, lifting effective margin 230 basis points to 44.6%. The quarter marks a sharp acceleration from Q2, when revenue grew only 9% to $174.2 million and net income fell 8% — the Interworks acquisition plus double-digit organic growth from new and existing vendors drove the step-up. Management flagged that 19 of its top 20 vendors grew sequentially and cited newer relationships with Fortinet and Darktrace, and the company expects a record 2026 on strong vendor demand. The balance sheet is clean: $66.9 million in cash, up from $36.6 million at year-end, and no debt outstanding. The company also reiterated its push into Europe following the NeoVAD acquisition, which closed after quarter end. The Q3 conference call is scheduled for October 29 at 8:30 a.m. Eastern.
At the time of this announcement, CLMB was trading at $35.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $618.2M. The 52-week trading range was $15.25 to $34.14. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.