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what it is
Climb sells other companies' software, hardware, and tech services through resellers and directly to customers.
how it gets paid
Last year Climb Global made $466M in revenue. third-party software was the main engine at $177M, or 38% of sales.
what just happened
Latest quarter revenue was $92M, while EPS hit $3.13 and gross margin reached 81.6%.
At a glance
B+ balance sheet — decent shape, but not bulletproof
60/100 earnings predictability — reasonably predictable
25.4x trailing p/e — priced about right
0.8% dividend yield — cash in your pocket every quarter
20.5% return on capital — every dollar works hard here
xvary composite: 57/100 — below average
What they do
Climb sells other companies' software, hardware, and tech services through resellers and directly to customers.
Climb sits between software vendors and the resellers who actually reach customers. That is less glamorous than making software, but a 20.5% return on capital says the position works. If your reseller needs niche products, cloud help, and technical support from one place, leaving gets annoying fast.
How they make money
$466M
annual revenue
third-party software
$177M
hardware
$93M
cloud solutions
$79M
technical services
$65M
distribution services
$51M
The products that matter
bulk software and hardware distribution
Wholesale IT Distribution
$340.8M · 73% of segment mix
This is still the core engine at $340.8M. If it slows, the whole story slows. You are not buying a side business here. You are buying the main pipe.
core revenue base
cloud service distribution
Cloud Solutions
$125.2M · 27% of segment mix
Cloud Solutions generated $125.2M, helped by the interworks. Cloud acquisition. That's the likely margin-improvement candidate, but right now it's still more promise than proof.
cloud growth bet
Key numbers
$1M
long-term debt
Long-term debt → money due years from now → so what: Climb owes just $1M, or 0% of capital, so the balance sheet is unusually clean.
20.5%
return on capital
Return on capital → profit from the money used in the business → so what: Climb turns each $1 of capital into about $0.21 of profit.
7.5%
operating margin
Operating margin → profit after running the business → so what: this is a real business, but it is still a distributor with thin room for mistakes.
25.4x
trailing p/e
P/E → price compared with past yearly profit → so what: you are paying 25.4 years of trailing earnings for a small reseller.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 40 / 100
- long-term debt $1M (0% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for CLMB right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Latest quarter revenue was $92M, while EPS hit $3.13 and gross margin reached 81.6%.
The quarter showed sharp profit leverage. EPS rose 207% vs. prior year, which means profit grew much faster than sales.
$92M
revenue
$3.13
eps
81.6%
gross margin
the number that mattered
EPS of $3.13 mattered most because it was up 207% vs. prior year, showing this small company can turn a decent quarter into a huge earnings move.
source: company earnings report, 2026
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What could go wrong
The risk is not abstract. Climb Global is doing distribution work on a 3.3% net margin. When a business keeps $3.30 for every $100 of sales, small changes in pricing, vendor terms, or mix do not stay small for long.
med
A 1-point squeeze hurts more than it sounds
On $652.5M of revenue, 1 percentage point of lost economics is about $6.5M. That's roughly 31% of the current $21.3M profit base.
If vendors or customers keep a little more of the value chain, earnings notice immediately.
med
Revenue is scaling faster than profit
FY2025 revenue grew 40%, but EPS grew 15%. That's the central tension in the story. Bigger is happening. Better is happening slower.
If growth slows before margin expansion shows up, 25.4x earnings starts looking less like optimism and more like overpayment.
med
Cloud still has to prove it improves the business
Cloud Solutions generated $125.2M, and the interworks. Cloud acquisition helped build that segment. Acquisitions can raise revenue first and justify themselves later.
If cloud mix rises without better profitability, you do not get a richer model. You get the same model wearing a different label.
At a 3.3% net margin, you are not investing in a wide-error-bar business. You are investing in management's ability to execute cleanly.
source: institutional data · regulatory filings · risk analysis
Pay attention to
the number that matters
Net margin needs to do more than sit at 3.3%
Revenue already proved it can grow fast. The next test is whether growth lifts profit per dollar of sales, not just the sales total.
calendar
The four-for-one stock split on Mar 23, 2026
This does not change value, but it can change how the stock trades. In a small cap, liquidity shifts matter more than they do in giant stocks.
mix shift
Whether cloud becomes more than a growth label
Cloud Solutions already generates $125.2M. If management wants a better multiple, this segment has to help margin, not just headline scale.
street signal
Targets are above the stock, but coverage is thin
The average target is $135.66, implying 12.6% upside. One analyst turning colder matters more when not many analysts are there to offset it.
Analyst rankings
earnings predictability
60 / 100
This lands in the middle. In human-speak, the business is stable enough to model, but thin margins mean one off quarter still hits harder than you want.
risk rank
3
Safer than 50% of stocks. You are not buying a balance-sheet cleanup story. You are buying an execution story.
source: institutional data
Institutional activity
institutional ownership data for CLMB is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$118
current price
n/a
target midpoint · n/a from current
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