Climb Global Solutions, Inc. reported significant financial growth in its latest quarterly filing, with net sales for the three months ended June 30, 2025, reaching $159.3 million, a 73% increase from $92.1 million in the same period last year. For the six months ended June 30, 2025, net sales totaled $297.3 million, up 61% from $184.5 million in the prior year. The company's gross profit also saw a substantial rise, increasing 42% to $26.3 million for the second quarter and 40% to $49.7 million for the first half of the year. Net income for the second quarter was $5.9 million, a 74% increase compared to $3.4 million in the same quarter of 2024.
The company attributed its growth to both organic expansion and the acquisition of Douglas Stewart Software & Services, LLC (DSS), which was completed on July 31, 2024. The acquisition contributed approximately $2.4 million to gross profit in the second quarter. Climb Global Solutions' Distribution segment, which sells technical software to corporate resellers, experienced a 74% increase in net sales to $153.0 million, while the Solutions segment, providing cloud solutions, reported a 48% increase to $6.3 million.
Operationally, Climb Global Solutions reported a total of three major customers accounting for 24%, 20%, and 13% of net sales in the second quarter, compared to a more diversified customer base in the previous year. The company had no major vendors in the latest quarter, a shift from the prior year when one vendor accounted for 10% of total purchases. The company’s employee headcount and engagement metrics were not disclosed in the filing, but the increase in sales and gross profit suggests a positive trend in operational efficiency.
Looking ahead, Climb Global Solutions anticipates continued growth driven by its strategic initiatives, including the integration of DSS and expansion into new markets. The company has also maintained a revolving credit facility of up to $50 million to support its working capital needs and future acquisitions. Management expressed confidence in the company's ability to navigate market conditions and capitalize on opportunities, although they acknowledged potential risks related to competition and market dynamics.
About Climb Global Solutions, Inc.
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