EATONTOWN, N.J., March 18, 2026 (GLOBE NEWSWIRE) -- Climb, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) announced the launch of its partnership with Checkmk, an industry‑recognized innovator in comprehensive, enterprise‑grade monitoring and observability. Partnering with Checkmk enhances the solutions and support Climb provides to our resellers and MSPs as they navigate increasingly complex IT environments. With Checkmk’s powerf ...

Core Insights - Climb has launched Climb SLED, a dedicated division aimed at enhancing the effectiveness of technology vendors and resellers in public sector markets [1][2] Group 1: Climb SLED Overview - Climb SLED focuses on specialized knowledge in public sector technology sales, including procurement frameworks, contract vehicles, funding pathways, and compliance standards [2] - The division centralizes leadership, operational support, and partner resources to facilitate consistent execution in public sector environments while maintaining a partner-led approach [2][3] Group 2: Support for Vendors - Climb SLED provides a structured engagement model for vendors, aligning their programs with resellers experienced in SLED procurement and compliance [4] - This approach aims to enhance pipeline development, account coverage, and coordination between vendor strategies and reseller execution [4] Group 3: Support for Resellers - Climb SLED simplifies public sector growth for resellers by connecting them with vendors suited for SLED demand and offering operational support around contracts and compliance [5] - The goal is to reduce administrative complexity and enable partners to compete effectively within public sector buying cycles [5] Group 4: Expansion and Partnerships - Climb SLED builds on Climb's established leadership in education technology distribution and extends its approach to a broader SLED-focused vendor portfolio [6][8] - The division is expanding its footprint with partners like Wasabi Technologies, OpenText, and Jamf, helping vendors reach public sector markets [7]

Core Insights - Climb has announced a new partnership with LogicMonitor to enhance its offerings in the technology distribution sector, focusing on AI-driven observability solutions [1][2]. Partnership Overview - The partnership will enable Climb to integrate LogicMonitor's AI-first hybrid observability platform into its partner ecosystem, allowing VARs and MSPs to provide predictive, full-stack observability across various environments [2][3]. - LogicMonitor's platform, powered by Edwin AI, aims to transition customers from reactive monitoring to proactive issue anticipation, thereby enhancing operational resilience and efficiency [2][3]. Strategic Implications - This collaboration is expected to strengthen Climb's position as a leading vendor distributor by equipping partners with innovative solutions that drive resilience and long-term customer value [2][4]. - Climb's CEO emphasized the alignment of the partnership with the company's people-first approach, which focuses on delivering high-value services and support to partners [4]. Market Positioning - Climb is recognized as a global specialty technology distributor, focusing on various sectors including Security, Data Management, and Cloud solutions, and is committed to transforming distribution through innovative technologies and exceptional service [5].

Core Viewpoint - Climb Global Solutions, Inc. has announced a four-for-one forward stock split aimed at improving liquidity and accessibility for its common stock, effective March 23, 2026 [1]. Company Overview - Climb Global Solutions, Inc. is a value-added global IT distribution and solutions company specializing in emerging and innovative technologies [2]. - The company operates across the U.S., Canada, and Europe through various business units, including Climb Channel Solutions, Grey Matter, and Climb Global Services [2]. - Climb provides IT distribution and solutions in sectors such as Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM [2].

Company Overview - Climb Global Solutions Inc. (CLMB) is an American IT distributor that focuses on emerging technologies, including AI and cybersecurity [1] - The company primarily operates in the US but has recently expanded its operations to Europe [1] Research Focus - Pan Research is an independent research platform that targets under-followed micro-caps (market cap under $500 million), small-caps (below $2 billion), and selectively mid-caps (below $10 billion) [2] - The platform emphasizes businesses with improving fundamentals, operating leverage, and potential valuation dislocations [2] - The research approach is industry-agnostic and aims to identify companies where fundamentals and market perception may diverge [2] - Typically, the research develops 12-18 month fundamental theses centered on business execution, margin expansion, and multiple normalization [2] - While primarily focused on North American markets, compelling international opportunities are also evaluated [2]

Financial Performance - Net sales increased by 40%, or $186.9 million, to $652.5 million for the year ended December 31, 2025, compared to $465.6 million for the same period in 2024[148] - Gross profit rose by 16%, or $14.2 million, to $105.3 million for the year ended December 31, 2025, compared to $91.1 million for the same period in 2024[148] - Net income increased by 15%, or $2.7 million, to $21.3 million for the year ended December 31, 2025, compared to $18.6 million for the same period in 2024[148] - Income per diluted share increased by 14%, or $0.58, to $4.64 for the year ended December 31, 2025, compared to $4.06 for the same period in 2024[148] - Adjusted EBITDA for the year ended December 31, 2025 was $42.9 million, compared to $39.6 million for 2024[178] - Effective margin for adjusted EBITDA decreased to 40.7% for the year ended December 31, 2025, down from 43.5% in 2024[179] - Net income for the year ended December 31, 2025 was $21.3 million, representing 3.3% of net sales[176] Expenses - Selling, general and administrative expenses increased by 20%, or $11.1 million, to $67.6 million for the year ended December 31, 2025, compared to $56.5 million for the same period in 2024[148] - Cost of sales as a percentage of net sales increased to 83.9% for the year ended December 31, 2025, compared to 80.4% in 2024[173] - Customer rebates and discounts for the year ended December 31, 2025 were $22.7 million compared to $19.7 million for the same period in the prior year[190] - Vendor rebates and discounts for the year ended December 31, 2025 were $17.4 million compared to $6.1 million for the same period in the prior year[191] Acquisitions - The acquisition of Data Solutions was completed for approximately €15.0 million (equivalent to $15.9 million USD) on October 6, 2023[181] - The acquisition of DSS was completed for an aggregate purchase price of approximately $20.3 million on July 31, 2024[180] - Acquisition-related costs for the year ended December 31, 2025, were $0.8 million, down from $2.3 million in 2024[148] Cash Flow and Liquidity - Cash and cash equivalents increased by $6.8 million to $36.6 million at December 31, 2025 compared to $29.8 million at December 31, 2024[214] - Net cash provided by operating activities for the year ended December 31, 2025 was $16.6 million, driven by higher net income and changes in operating assets and liabilities[215] - The Company anticipates an increase in working capital needs as it invests in business growth, with sufficient cash and unused borrowings to meet requirements for at least the next 12 months[224] Debt and Credit Facilities - The Company entered into a revolving credit agreement with JPMorgan Chase Bank for a facility of up to $50.0 million, with the option to increase by an additional $20.0 million[220] - The Company has a $2.1 million term loan with First American Commercial Bancorp, bearing interest at 3.73% per annum, to be repaid over 48 months[222] - As of December 31, 2025, there were no amounts outstanding under the revolving credit agreement and the term loan had $0.2 million remaining[221][222] Tax and Regulatory - The effective tax rate for the year ended December 31, 2025 was 23.6% of income before taxes, compared to 25.6% for the same period in the prior year[197] Market and Operational Factors - The company has subsidiaries in the United States, Canada, Netherlands, United Kingdom, Ireland, and Germany, enhancing its sales reach[138] - The company’s sales are influenced by external factors such as IT spending levels and customer demand for distributed products[140] - The technology trends driving customer purchasing behaviors include cloud adoption, AI, and hybrid IT solutions[140] Currency and Interest Rate Risk - The Company is exposed to foreign currency fluctuations primarily in the Canadian Dollar, Euro, and British Pound against the U.S. Dollar, which may impact financial results[225][229] - A hypothetical 10% change in currency exchange rates would not have a material impact on the Company's consolidated financial statements[230] - Interest rate risk is managed through a mix of fixed-rate and variable-rate debt, with floating rates on current borrowings[227] - A 100 basis point change in floating rate debt would have no material impact on results as of December 31, 2025[228] - The Company uses foreign exchange forward contracts to hedge currency exposure but does not engage in trading or speculative derivatives[230] Dividend Policy - The company plans to suspend quarterly cash dividends beginning with the first quarter of 2026 to preserve financial flexibility[145]

Financial Data and Key Metrics Changes - Gross billings increased by 3% to $625.4 million compared to $605 million in the prior year quarter [10] - Net sales in Q4 2025 increased by 20% to $193.8 million, up from $161.8 million, reflecting organic growth from new and existing vendors [10] - Adjusted net income was $7 million, or $1.53 per diluted share, compared to $10.3 million, or $2.26 per diluted share for the year-ago period [12] - Adjusted EBITDA decreased to $13 million from $16.1 million in the same period in 2024 [12] - Effective margin, defined as Adjusted EBITDA as a percentage of gross profit, was 43.6%, down from 51.5% for the same period in 2024 [13] Business Line Data and Key Metrics Changes - Distribution segment gross billings increased by 4% to $602.3 million, while solution segment gross billings remained flat at $23.1 million [10] Market Data and Key Metrics Changes - In Q4, 70 partners transacted over $13 million in Darktrace product offerings, indicating strong market engagement [7] Company Strategy and Development Direction - The company is focused on accelerating organic growth and pursuing accretive M&A opportunities to strengthen its vendor portfolio and expand geographic footprint [9][10] - The acquisition of interworks.cloud is expected to enhance cross-sell opportunities and deepen engagement with vendors and reseller partners in Southeastern Europe [8] - The company plans to leverage AI and automation tools to improve operational efficiency [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver on organic and inorganic growth objectives in 2026, supported by a strong balance sheet and liquidity position [10][15] - The decision to suspend the quarterly cash dividend was made to retain capital for growth initiatives and strategic acquisitions [14] - Management acknowledged the potential disruptions from AI technologies but emphasized the company's agility in adapting to market changes [20] Other Important Information - The company evaluated nearly 100 potential vendor relationships in Q4 and signed agreements with only 2, highlighting a selective approach to partnerships [4] - The relationship with Fortinet is expected to become a significant contributor to the business, with a target of capturing 10% of a $2.5 billion addressable market in the US within 18 months [48][50] Q&A Session Summary Question: Can you provide scope on the large acquisition from the prior year? - Management indicated that removing the large transaction from Q4 of last year still resulted in high teens organic growth for Q4 compared to the previous year [23][24] Question: What impact did the departure of Citrix have on the quarter? - Management noted that while there was an impact, the team successfully filled the gap with new vendors and achieved a 3% growth despite the loss [25][26] Question: How should we think about the go-forward run rate for Interworks? - Management stated that the $1 million in EBITDA is a good starting point for Interworks, with expectations for growth as they integrate into the company [27][28] Question: What is the status of working capital increase and timing of collections? - Management clarified that the increase in working capital is a normal timing difference and has been worked through early in 2026 [30] Question: Was growth broad-based across the top 20 vendors? - Management confirmed that growth was broad-based without any lumpy deals, with strong performance from vendors like Darktrace, Sophos, and SolarWinds [34] Question: What is the pulse on the market's health compared to the prior quarter? - Management indicated that there has been no slowdown in the market, with ongoing consolidation among companies [41] Question: How significant is the Fortinet relationship for Climb? - Management highlighted that Fortinet is a key partner with a $2.5 billion addressable market, and they aim to capture 10% of that market in the next 18 months [46][50] Question: What is the outlook for future acquisitions? - Management expressed optimism about pursuing multiple acquisitions in 2026, leveraging the capital previously allocated for dividends [70][72]

Financial Data and Key Metrics Changes - Gross billings increased by 3% to $625.4 million compared to $605 million in the prior year quarter [10] - Net sales in Q4 2025 increased by 20% to $193.8 million, up from $161.8 million, primarily reflecting organic growth from new and existing vendors [10] - Adjusted net income was $7 million, or $1.53 per diluted share, compared to $10.3 million, or $2.26 per diluted share for the year-ago period [12] - Adjusted EBITDA in Q4 2025 was $13 million, down from $16.1 million for the same period in 2024 [12] - Effective margin, defined as Adjusted EBITDA as a percentage of gross profit, was 43.6%, compared to 51.5% for the same period in 2024 [13] Business Line Data and Key Metrics Changes - Distribution segment gross billings increased by 4% to $602.3 million, while solution segment gross billings remained flat at $23.1 million [10] - In Q4, 70 partners transacted over $13 million in Darktrace product offerings, indicating strong pipeline growth [7] Market Data and Key Metrics Changes - The company launched a partnership with Fortinet, which is expected to become a significant contributor to both their business and Climb's business [5] - The acquisition of interworks.cloud is anticipated to enhance the company's ability to drive cross-sell opportunities and deepen engagement with vendors and reseller partners in Southeastern Europe [8] Company Strategy and Development Direction - The company is focused on accelerating organic growth while pursuing accretive M&A opportunities to strengthen its vendor portfolio and expand its geographic footprint [9] - Management emphasized the importance of disciplined capital allocation and strategic reinvestments to drive long-term shareholder value [16] - The integration of AI solutions is a priority to improve operational efficiency [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver on organic and inorganic growth objectives in 2026, supported by a strong balance sheet and liquidity position [14] - The company is actively evaluating accretive targets for M&A that can strengthen its vendor profile and expand its geographic reach [15] - Management noted that the AI disruption in the market is expected to accelerate adoption rates, but they believe a hybrid environment will prevail [19][20] Other Important Information - The board decided to suspend the quarterly cash dividend beginning in Q1 2026 to retain capital for growth initiatives and strategic acquisitions [14] - Cash and cash equivalents were $36.6 million as of December 31, 2025, compared to $29.8 million on December 31, 2024 [13] Q&A Session Summary Question: Can you provide scope on the large acquisition from the prior year? - Management indicated that removing the large transaction from Q4 of last year still resulted in high teens organic growth for Q4 compared to the previous year [23][24] Question: How has the departure of Citrix impacted the quarter? - Management noted that while there was an impact, they managed to fill the gap with new vendors and achieved a 3% growth despite the loss [25][26] Question: What is the expected run rate for the Interworks acquisition? - Management stated that the $1 million in EBITDA is a good starting point for Interworks, with expectations for growth as they integrate [27][28] Question: What is the timeline for cross-selling synergies from Interworks? - Management indicated that onboarding vendors and integrating systems will happen quickly due to shared platforms [39][40] Question: What is the health of the market compared to the prior quarter? - Management noted that there has been no slowdown, with ongoing consolidation among resellers [42] Question: How does the Fortinet relationship impact Climb? - Management highlighted that Fortinet has a $2.5 billion addressable market in the U.S., and they aim to capture 10% of that market in the next 18 months [46][48] Question: What is the outlook for future acquisitions? - Management confirmed that they expect to pursue one or two acquisitions in 2026, leveraging the capital previously allocated for dividends [72]

Financial Data and Key Metrics Changes - Gross billings increased by 3% to $625.4 million compared to $605 million in the prior year quarter [9] - Net sales in Q4 2025 increased by 20% to $193.8 million, up from $161.8 million, primarily reflecting organic growth from new and existing vendors [10] - Adjusted net income was $7 million, or $1.53 per diluted share, compared to $10.3 million, or $2.26 per diluted share for the year-ago period [11] - Adjusted EBITDA in Q4 2025 was $13 million, down from $16.1 million for the same period in 2024 [12] - Effective margin decreased to 43.6% from 51.5% for the same period in 2024 [12] Business Line Data and Key Metrics Changes - Distribution segment gross billings increased by 4% to $602.3 million, while solution segment gross billings remained flat at $23.1 million [9] Market Data and Key Metrics Changes - In Q4, Climb had 70 partners transact over $13 million in Darktrace product offerings, indicating strong market engagement [6] Company Strategy and Development Direction - The company is focused on accelerating organic growth and pursuing accretive M&A opportunities to strengthen its vendor portfolio and expand its geographic footprint [8][14] - The acquisition of interworks.cloud is expected to enhance cross-sell opportunities and deepen engagement with vendors and reseller partners in the Southeastern Europe region [7] - The company plans to leverage generative AI solutions to improve operational efficiency [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering organic and inorganic growth objectives in 2026, supported by a strong balance sheet and liquidity position [14][15] - The company is adapting to AI disruptions in the market and believes it will maintain a role as a connector of technology in a hybrid environment [20] Other Important Information - The board has decided to suspend the quarterly cash dividend beginning in Q1 2026 to retain capital for growth initiatives and strategic acquisitions [13] - Cash and cash equivalents were $36.6 million as of December 31, 2025, compared to $29.8 million on December 31, 2024 [12] Q&A Session Summary Question: Can you provide scope on the large acquisition from the prior year? - Management indicated that removing the large transaction from Q4 of last year still resulted in high teens organic growth for Q4 compared to the previous year [23] Question: How has the departure of Citrix impacted the quarter? - Management noted that while there was an impact, the team managed to grow at 3% despite a $50 million-$60 million hole, successfully picking up new vendors [25][26] Question: What is the expected run rate for Interworks? - Management stated that the $1 million in EBITDA is a good starting point for Interworks, with expectations for growth as they integrate into the company [27] Question: What is the timeline for cross-selling synergies with Interworks? - Management indicated that onboarding vendors and integrating systems will happen quickly due to shared platforms and existing Microsoft agreements [39] Question: What is the health of the market compared to the prior quarter? - Management noted that there has been no slowdown, with ongoing consolidation among resellers, which is a natural occurrence [40] Question: What is the potential impact of the Fortinet relationship? - Management highlighted that Fortinet has a $2.5 billion addressable market in the US, and they aim to capture 10% of that, potentially leading to $250 million in gross billings by 2027 [49]

Exhibit 99.1 "As announced earlier this week, we strengthened our European operations through the acquisition of Interworks, enhancing our Microsoft relationship and expanding our presence to Greece, Albania, Italy, Bulgaria and Romania. This transaction reflects our targeted and accretive M&A strategy, which focuses on expanding our geographic footprint, strengthening our line card and adding complementary capabilities to our platform. Interworks not only broadens our reach in high-growth European markets, ...