Core Insights - Climb Global Solutions reported a 35% increase in net sales to $161.3 million for Q3 2025 compared to $119.3 million in Q3 2024, driven by organic growth and the acquisition of Douglas Stewart Software & Services [5][8] - Gross billings rose 8% to $504.6 million from $465.2 million year-over-year, with the distribution segment contributing significantly [5][30] - The company declared a quarterly dividend of $0.17 per share, payable on November 17, 2025 [4] Financial Performance - Net income for Q3 2025 was $4.7 million or $1.02 per diluted share, down from $5.5 million or $1.19 per diluted share in Q3 2024 [8][9] - Adjusted net income decreased to $6.0 million or $1.31 per diluted share from $7.1 million or $1.55 per diluted share year-over-year [8][27] - Gross profit increased by 6% to $25.7 million compared to $24.3 million in the same period last year [6] Operational Metrics - Selling, general, and administrative (SG&A) expenses rose to $16.2 million from $13.9 million in the prior year, with SG&A as a percentage of gross billings increasing to 3.2% from 3.0% [7] - Adjusted EBITDA for Q3 2025 was $10.9 million, slightly down from $11.1 million in Q3 2024, reflecting a decrease in effective margin to 42.3% from 45.7% [10] - Cash and cash equivalents increased to $49.8 million as of September 30, 2025, compared to $29.8 million at the end of 2024 [11] Management Outlook - The CEO highlighted ongoing strategic initiatives, including a focus on acquisitions and expansion into European markets, to enhance offerings and market presence [3] - The company aims to leverage its robust balance sheet and track record of accretive M&A to achieve record results by the end of 2025 [3]
Climb Global Solutions Reports Third Quarter 2025 Results