Climb Global Solutions, Inc.
CLMB Technology Electronics & Computer Distribution
Climb Global Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $652.5 million, up 40.1% from fiscal 2024. In the quarter to June 2026, revenue grew 9.37%, EPS fell 7.69%, free cash flow grew 620.0% and total debt fell 74.6%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five; insiders bought in the last twelve months.
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Climb Global Solutions, Inc. (CLMB) Beneish M-score
Climb Global Solutions, Inc.'s Beneish M-score for fiscal 2025 is −2.25; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −2.25 | 0.01 |
| FY2024 | −2.27 | 0.30 |
| FY2023 | −2.56 | (0.55) |
| FY2022 | −2.02 | 0.33 |
| FY2021 | −2.35 | (1.12) |
| FY2020 | −1.23 | 1.22 |
| FY2019 | −2.44 | 0.59 |
| FY2018 | −3.03 | (0.71) |
| FY2017 | −2.32 | (1.18) |
| FY2016 | −1.14 | 1.46 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.68 | — | 0.62 | |
| Gross margin index | 1.21 | — | 0.64 | |
| Asset quality index | 0.98 | — | 0.40 | |
| Sales growth index | 1.40 | — | 1.25 | |
| Depreciation index | 0.70 | — | 0.08 | |
| SG&A index | 0.85 | — | −0.15 | |
| Total accruals to total assets | 0.01 | — | 0.05 | |
| Leverage index | 0.93 | — | −0.30 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.25 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| TAIT Taitron Components Incorporated compare | −2.8× |
| IZM ICZOOM Group Inc. compare | −2.6× |
| SNX TD SYNNEX Corporation compare | −2.5× |
| CNXN PC Connection, Inc. compare | −2.4× |
| SCSC ScanSource, Inc. compare | −2.4× |
| NSIT Insight Enterprises, Inc. compare | −2.4× |
| CLMB Climb Global Solutions, Inc. | −2.3× |
| ARW Arrow Electronics, Inc. compare | −2.0× |
| AVT Avnet, Inc. compare | −1.9× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI