Climb Global Solutions reported Q3 2025 net sales of $161.3 million, a 35% increase from $119.3 million in the same quarter a year earlier. Net income for the quarter was $4.7 million, down from $5.5 million in Q3 2024, and earnings per share were $1.02.
Gross profit margin for Q3 2025 was 5.1% of gross billings, a slight decline from 5.2% in Q3 2024. The decline was driven by higher cost of goods sold and an increase in selling, general and administrative expenses to $16.2 million from $13.9 million year‑over‑year, as well as a $0.9 million impact from contingent consideration revaluation.
Segment results showed distribution gross billings up 9% to $481.9 million, while solutions gross billings fell 5% to $22.7 million. The company highlighted continued demand for its AI and cybersecurity portfolio and new vendor partnerships in data‑center technologies.
Management noted that disciplined vendor selection and a recent ERP implementation are improving operational efficiency and supporting higher operating leverage. The company also announced a quarterly dividend of $0.17 per share and reiterated its focus on expanding AI and cybersecurity offerings and pursuing strategic acquisitions, including the July 2024 acquisition of Douglas Stewart Software & Services.
Climb Global Solutions maintains a strong balance sheet with minimal debt of $0.3 million and cash of $49.8 million as of September 30 2025. Customer concentration remains a consideration, with two customers representing 22% and 14% of Q3 net sales.
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