Climb Global Q2 net income falls 8.33% to $5.5 million; net sales rise 9% to $174.2 million

Reuters2026/07/29 20:24

By:Reuters

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Climb Global Solutions posted Q2 2026 net sales up 9% to $174.2 million; GAAP net income slipped to $5.5 million, or $0.30 a share.
Gross billings rose 17% to $587.3 million, with distribution up 18% to $562.9 million; solutions increased 4% to $24.4 million.
Gross profit climbed 15% to $30.2 million; SG&A expanded to $20.7 million due to Interworks-related costs and higher variable compensation.
Non-GAAP adjusted EBITDA edged down to $11.3 million; effective margin narrowed 5.8 percentage points to 37.5%.
CEO Dale Foster cited double-digit organic growth among top vendors, benefits from the interworks.cloud acquisition, and continued emphasis on Europe.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Climb Global Solutions Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-024878), on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Climb Global Q2 net income falls 8.33% to $5.5 million; net sales rise 9% to $174.2 million

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