---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-002583"
form_type: "8-K"
ticker: "CLMB"
cik: "0000945983"
company_name: "Climb Global Solutions, Inc."
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T19:47:18.420429+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Climb Global Solutions posts record FY 2022 net income of $12.5M, up 36% YoY; Q4 net sales up 18% to $88.9M

## Summary
- Q4 net sales $88.9M (+18% YoY); Q4 net income $4.8M ($1.06/diluted share) vs $3.4M ($0.78) in prior year.
- FY 2022 net sales $304.3M (+8%); net income $12.5M ($2.81/diluted share) vs $9.2M ($2.09) in 2021.
- Adjusted EBITDA for FY 2022 increased 36% to $21.1M; Q4 adjusted EBITDA up 44% to $7.4M.
- Board declared quarterly dividend of $0.17/share, payable March 17, 2023 to holders of record March 13, 2023.
- Acquisition of Spinnakar contributed; cash and equivalents $20.2M at year-end; no borrowings on credit facilities.

## SEC filing metadata
- accession: 0001558370-23-002583
- form_type: 8-K
- ticker: CLMB
- cik: 0000945983
- company_name: Climb Global Solutions, Inc.
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945983/000155837023002583/0001558370-23-002583-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945983/000155837023002583/clmb-20230301x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-002583
- JSON: https://secwatch.observer/filing/0001558370-23-002583.json
- Plain text: https://secwatch.observer/filing/0001558370-23-002583.txt

## Key facts
- Earnings Releases
  Climb Global Solutions, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $88.9 million, net income $4.8 million, EPS $1.06 per diluted share.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $88.9 million
  - Net income: $4.8 million
  - EPS: $1.06 per diluted share
  - Result: reported results
  source text: Fourth Quarter 2022 Summary vs. Same Year-Ago Quarter ● Net sales increased 18% to $88.9 million. ● Adjusted gross billings (a non-GAAP financial measure defined below) increased 22% to $319.8 million. ● Gross profit increased 28% to $16.1 million. ● Net income increased 38% to $4.8 million or $1.06 per diluted share, compared to $3.4 million or $0.78 per diluted share. Excluding the impact of foreign exchange (FX), net income increased 43% to $4.9 million o r $1.08 per diluted share. ● Adjusted EBITDA (a non-GAAP financial measure defined below) increased 44% to $7.4 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945983/000155837023002583/0001558370-23-002583-index.htm
- Earnings Releases
  Climb Global Solutions, Inc. reported the fiscal year ended December 31, 2022 results: revenue $304.3 million, net income $12.5 million, EPS $2.81 per diluted share.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $304.3 million
  - Net income: $12.5 million
  - EPS: $2.81 per diluted share
  - Result: reported results
  source text: Full Year 2022 Summary vs. 2021 ● Net sales increased 8% to $304.3 million. ● Adjusted gross billings increased 14% to $1.1 billion. ● Gross profit increased 18% to $54.1 million. ● Net income increased 36% to $12.5 million or $2.81 per diluted share, compared to $9.2 million or $2.09 per diluted share. Excluding the impact of foreign exchange (FX), net income increased 43% to $13.2 million or $2.97 per diluted share. ● Adjusted EBITDA increased 36% to $21.1 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945983/000155837023002583/0001558370-23-002583-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.