Filing Flows › Climb Global Solutions (CLMB) › Q1 2025
Climb Global Solutions (CLMB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Climb Global Solutions (CLMB) reported revenue of $138M for the first quarter 2025 (Q1 2025), +49% from a year earlier and -15% from the quarter before. Operating margin was 3.5%, net earnings $3.7M (2.7% of revenue).
Climb Global Solutions, Q1 2025: revenue $138M (+49% year over year), operating margin 3.5%, net earnings $3.7M, operating cash flow $8.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $138M | -15% | +49% |
| Gross profit | $23.4M | -25% | +37% |
| Operating profit | $4.8M | -59% | +36% |
| Net earnings | $3.7M | -47% | +35% |
| Operating cash flow | $8.5M | -47% | -40% |
| Free cash flow | $7.7M | — | — |
What changed
Revenue was $138.0M in Q1 2025, up 49% year over year and down 15% from the previous quarter. Distribution Segment was the largest line at 96% of revenue. Distribution Segment added $45.3M year over year (up 52%), 99% of the total change.
Gross margin was 16.9%, down 1.5 points from a year earlier. Operating profit was $4.8M, a 3.5% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 4% margin then. Operating expenses grew 38% against revenue growth of 49%. The fastest-growing cost line was Other operating costs (+87%). Net earnings were $3.7M, up 35% year over year. The effective tax rate was 13.3%.
Operating cash flow was $8.5M (down 40% year over year), 230% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $729K left free cash flow of $7.7M.
Questions
What was Climb Global Solutions' revenue in the first quarter 2025?
Climb Global Solutions (CLMB) reported revenue of $138M for the first quarter 2025 (Q1 2025), +49% from a year earlier and -15% from the quarter before.
Was Climb Global Solutions profitable in the first quarter 2025?
Operating profit was $4.8M (3.5% of revenue) and net earnings $3.7M.