Forensic Analysis · Technology / Software · as of Jun 28, 2026
Climb Global Solutions, Inc. (CLMB)
A forensic read on Climb Global Solutions, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Grey Zone
Financial health
1.9
Altman Z-score
Clean
Earnings quality
4
Forensic signals
19.8
P / E (ttm)
18.7%
ROE
$415M
Market cap
0.77%
Dividend yield
Climb Global Solutions, Inc. earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 1.9, placing it in the Grey zone. 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio.
What the filings flag
+26.3%Accruals ratio.Net operating assets grew +26.3% relative to their average in FY2025 — the accrual component of earnings. Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check agrees: reported earnings ran ahead of operating cash by +7% of net operating assets.
+1.5%/yrShare-count dilution.Diluted share count changed +4% over the last 3 years to FY2025 (+1.5%/yr). The count is GROWING — existing holders are being diluted. That's ~1.5% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~4%.
1% of revStock-based comp load.Stock-based compensation ran 1% of revenue and 29% of free cash flow in FY2025 — about $1.06 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
-2%Dividend — cut.The payout was CUT ~2% in FY2020 (from FY2019). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin3.3%
Debt / Equity0.00x
Free Cash Flow$16.5M
Latest Revenue$652.5M
Return on Equity18.3%
Revenue Growth YoY+40.1%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Climb Global Solutions, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about CLMB's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown