Key Points – Q2 growth remained solid: Gross billings rose 17% year over year to $587.3 million, while net sales increased 9% to $174.2 million and gross profit climbed 15% to $30.2 million, helped by organic growth and the InterWorks acquisition. – Profitability declined amid…
gher costs: Net income fell to $5.5 million from $6 million, and adjusted EBITDA edged down to $11.3 million as Climb absorbed acquisition-related expenses, higher legal and professional fees, technology investments, and a higher tax rate. – Expansion initiatives are accelerating: Fortinet billings surged sequentially after customer restrictions ended, while Climb added Ivanti and Checkmk, developed a cloud platform, and evaluated larger European acquisitions that could require debt financing. Climb Global Solutions (NASDAQ:CLMB) reported second-quarter results marked by higher gross billings, sales and gross profit, while net income and adjusted EBITDA declined as the company absorbed acquisition-related costs and increased investments in technology infrastructure
For the quarter ended June 30, 2026, gross billings rose 17% year over year to $587.3 million. Distribution segment gross billings increased 8% to $562.9 million, while solutions segment billings rose 4% to $24.4 million. Net sales increased 9% to $174.2 million, supported by double-digit organic growth from new and existing vendors as well as a contribution from the February acquisition of InterWorks.
Profit Growth Offset by Investments and Tax Rate Gross profit increased 15% to $30.2 million, driven by organic growth across North America and Europe and the InterWorks contribution. However, selling, general and administrative expenses climbed to $20.7 million from $16.4 million a year earlier. CFO Matthew Sullivan said the higher expense base reflected InterWorks-related SG&A, variable sales compensation tied to gross-profit growth, higher legal and professional fees, and investments in IT infrastructure.