Company Overview - Climb Global Solutions is a specialty IT distributor focused on emerging & cloud-based technologies, operating in North America and Western Europe[18] - The company specializes in cloud-based and data center technology software, distributing products to over 7,000 customers and vendors globally with 100+ partnerships[18] - Climb has completed 5 accretive acquisitions by 2024, demonstrating a growth-through-acquisition strategy[19, 52] Financial Performance - In Q1 2025, gross billings increased by 34% to $4746 million[59] - Net sales for Q1 2025 increased by 49% to $138 million[59] - Gross profit for Q1 2025 increased by 37% to $234 million[59] - Adjusted EBITDA for Q1 2025 increased by 38% to $76 million[59] - The company's cash and cash equivalents as of March 31, 2025, were $325 million[58, 80] Market and Strategy - The company focuses on emerging technology vendors, contrasting with broadline distributors that focus on legacy vendors[28, 31] - The company targets a $22 billion+ Software Distribution TAM (Total Addressable Market)[37]
Climb Global Solutions (CLMB) Earnings Call Presentation