Climb Global Solutions advances double digits in Q1 off the back of record FY24

The distributor will remain active with M&A to expand its worldwide presence

Climb Global Solutions has posted momentous Q1 results driven by recent buyouts and organic strengths in Europe and the US.

Gross billings surged 34 per cent year-on-year to $474.6m (Q1 FY24: $355.3m) for the first quarter ended March 31, 2025.

Distribution revenue fuelled this upward evolution, standing at $453.6m, a 36 per cent increase from $334.6m last year.

Solutions revenue rose two per cent, from $20.6m to $21m.

Gross profit in the first quarter went up 37 per cent to $23.4m (£17.55m) compared to $17m for the same period last year.

This uptick was driven by organic development from new and existing vendors in North America and Europe, as well as contribution from its Douglas Stewart Software & Services (DSS) acquisition.

DSS is the education-focused distributor acquired by Climb in July 2024.

Net sales ramped up 49 per cent to $138m, from $92.4m last year at the same time.

“The momentum from our record 2024 has carried into the first quarter, leading to exceptional growth across all key financial metrics,” said Dale Foster, CEO of Climb Global Solutions (pictured).

“We drove organic growth in both the US and Europe, demonstrating our ability to deepen relationships with existing partners while signing new technologies to our line card across geographies.

“Looking ahead, we believe that we are well-positioned to continue driving organic growth and further improving operating leverage.”

Foster added that Climb expects the implementation of its new ERP system, though while still early, to drive meaningful efficiencies across its global operations.

He also teased more M&A in the near future.

“We also plan to remain active with M&A as we evaluate accretive targets that can enhance our comprehensive offerings and expand our presence in both North America and overseas.

“These initiatives, coupled with our robust balance sheet, will enable us to continue executing on our goals and objectives.”

This performance comes shortly after the distie delivered “record breaking” financial results in FY24.

Global revenues climbed 42 per cent to $1.78bn, compared to $1.26 in FY23.

The organisation also strengthened its focus on EMEA, with the appointment of a new leadership team and the acquisition of DataSolutions.

These efforts allowed the company’s revenue billings in the region to soar 61 per cent in FY24.