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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) and IREN Ltd (IREN). Click either name above to swap in a different company.
IREN Ltd is the larger business by last-quarter revenue ($184.7M vs $182.4M, roughly 1.0× Climb Global Solutions, Inc.). Climb Global Solutions, Inc. runs the higher net margin — 1.8% vs -84.1%, a 86.0% gap on every dollar of revenue. On growth, IREN Ltd posted the faster year-over-year revenue change (59.0% vs 32.1%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada.
CLMB vs IREN — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $182.4M | $184.7M |
| Net Profit | $3.3M | $-155.4M |
| Gross Margin | 14.5% | 64.4% |
| Operating Margin | 2.1% | -63.0% |
| Net Margin | 1.8% | -84.1% |
| Revenue YoY | 32.1% | 59.0% |
| Net Profit YoY | -9.5% | -610.0% |
| EPS (diluted) | $0.18 | $-0.52 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $182.4M | — | ||
| Q4 25 | $193.8M | $184.7M | ||
| Q3 25 | $161.3M | $240.3M | ||
| Q2 25 | $159.3M | — | ||
| Q1 25 | $138.0M | — | ||
| Q4 24 | $161.8M | $116.1M | ||
| Q3 24 | $119.3M | $52.8M | ||
| Q2 24 | $92.1M | — |
| Q1 26 | $3.3M | — | ||
| Q4 25 | $7.0M | $-155.4M | ||
| Q3 25 | $4.7M | $384.6M | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $3.7M | — | ||
| Q4 24 | $7.0M | $-21.9M | ||
| Q3 24 | $5.5M | $-51.7M | ||
| Q2 24 | $3.4M | — |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 15.4% | 64.4% | ||
| Q3 25 | 15.9% | 66.4% | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 16.9% | — | ||
| Q4 24 | 19.3% | 72.2% | ||
| Q3 24 | 20.3% | 39.6% | ||
| Q2 24 | 20.2% | — |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 4.9% | -63.0% | ||
| Q3 25 | 4.3% | -31.8% | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 7.2% | 14.9% | ||
| Q3 24 | 7.1% | -89.2% | ||
| Q2 24 | 4.6% | — |
| Q1 26 | 1.8% | — | ||
| Q4 25 | 3.6% | -84.1% | ||
| Q3 25 | 2.9% | 160.1% | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 4.3% | -18.8% | ||
| Q3 24 | 4.6% | -98.0% | ||
| Q2 24 | 3.7% | — |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $1.51 | $-0.52 | ||
| Q3 25 | $1.02 | $1.08 | ||
| Q2 25 | $1.30 | — | ||
| Q1 25 | $0.81 | — | ||
| Q4 24 | $1.52 | $-0.10 | ||
| Q3 24 | $1.19 | $-0.27 | ||
| Q2 24 | $0.75 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.8M | $3.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $118.4M | $2.5B |
| Total Assets | $458.8M | $7.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $41.8M | — | ||
| Q4 25 | $36.6M | $3.3B | ||
| Q3 25 | $49.8M | $1.0B | ||
| Q2 25 | $28.6M | — | ||
| Q1 25 | $32.5M | — | ||
| Q4 24 | $29.8M | $427.3M | ||
| Q3 24 | $22.1M | $98.6M | ||
| Q2 24 | $48.4M | — |
| Q1 26 | $118.4M | — | ||
| Q4 25 | $116.6M | $2.5B | ||
| Q3 25 | $109.3M | $2.9B | ||
| Q2 25 | $105.2M | — | ||
| Q1 25 | $95.6M | — | ||
| Q4 24 | $90.6M | $1.2B | ||
| Q3 24 | $87.7M | $1.1B | ||
| Q2 24 | $79.8M | — |
| Q1 26 | $458.8M | — | ||
| Q4 25 | $460.2M | $7.0B | ||
| Q3 25 | $376.1M | $4.3B | ||
| Q2 25 | $420.7M | — | ||
| Q1 25 | $370.1M | — | ||
| Q4 24 | $469.2M | $1.9B | ||
| Q3 24 | $371.9M | $1.3B | ||
| Q2 24 | $302.8M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $71.7M |
| Free Cash FlowOCF − Capex | — | $-468.0M |
| FCF MarginFCF / Revenue | — | -253.4% |
| Capex IntensityCapex / Revenue | — | 292.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-701.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-11.9M | $71.7M | ||
| Q3 25 | $22.2M | $142.4M | ||
| Q2 25 | $-2.2M | — | ||
| Q1 25 | $8.5M | — | ||
| Q4 24 | $16.0M | $53.6M | ||
| Q3 24 | $-3.6M | $-3.9M | ||
| Q2 24 | $7.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $-468.0M | ||
| Q3 25 | — | $-38.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-85.5M | ||
| Q3 24 | — | $-109.7M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | -253.4% | ||
| Q3 25 | — | -15.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -73.6% | ||
| Q3 24 | — | -208.0% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 292.2% | ||
| Q3 25 | — | 75.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 119.7% | ||
| Q3 24 | — | 200.6% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | -1.70× | — | ||
| Q3 25 | 4.73× | 0.37× | ||
| Q2 25 | -0.37× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | -0.66× | — | ||
| Q2 24 | 2.13× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLMB
Segment breakdown not available.
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
