Bel Fuse Inc. (BELFB) — Financial statements
Income statement, balance sheet, and cash flow for Bel Fuse Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 675↑26.3% | 535↓16.4% | 640↓2.2% | 654↑20.4% | 543 | |
| Cost of Revenue | 411↑23.6% | 332↓21.6% | 424↓9.9% | 471↑15.1% | 409 | |
| Gross Profit | 264↑30.7% | 202↓6.3% | 216↑17.7% | 183↑36.5% | 134 | |
| Operating Expenses | ||||||
| R&D Expenses | 31↑30.9% | 24↑4.9% | 22↑11.1% | 20↓7.6% | 22 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 126↑13.8% | 111↑11.6% | 99↑7.3% | 92↑6.6% | 87 | |
| Other Expenses | 0.00↓100.0% | 4↓38.7% | 6↑9.9% | 6↑206.5% | -5 | |
| Operating Expenses | 157↑13.5% | 138↑8.0% | 128↑8.1% | 118↑14.7% | 103 | |
| Total Costs & Expenses | 568↑20.7% | 470↓14.7% | 552↓6.3% | 589↑15.0% | 512 | |
| Operating Results | ||||||
| Operating Income | 108↑67.5% | 64↓26.9% | 88↑35.0% | 65↑108.4% | 31 | |
| Depreciation & Amortization | 27↑61.6% | 16↑23.6% | 13↓10.4% | 15↓11.8% | 17 | |
| EBITDA | 134↑63.1% | 82↓17.2% | 99↑28.7% | 77↑62.0% | 48 | |
| EBIT | 108↑63.5% | 66↓23.5% | 86↑38.0% | 62↑102.3% | 31 | |
| Interest & Other Income | ||||||
| Net Interest Income | -14↓2129.0% | 0.68↑123.7% | -3↑11.0% | -3↑9.6% | -4 | |
| Interest Income | 1↓78.2% | 5 | 0.00↓100.0% | 0.18 | 0.00 | |
| Interest Expense | 15↑261.7% | 4↑43.1% | 3↓15.7% | 3↓4.6% | 4 | |
| Non-Operating Income | 0.00↑100.0% | -2↓187.0% | 2↓32.6% | 3↑598.2% | 0.39 | |
| Other Income / Expenses | -13↓409.2% | -2↑46.8% | -5↑23.2% | -6↓54.9% | -4 | |
| Income Before Tax | 95↑53.8% | 62↓25.8% | 83↑41.0% | 59↑116.1% | 27 | |
| Income Tax Expense | 21↑66.0% | 13↑33.2% | 9↑48.6% | 6↑154.2% | 3 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 74↑50.7% | 49↓33.4% | 74↑40.1% | 53↑112.3% | 25 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 62↑50.2% | 41↓44.5% | 74↑40.1% | 53↑112.3% | 25 | |
| Bottom-Line Net Income | 58↑41.8% | 41↓44.5% | 74↑40.1% | 53↑112.3% | 25 | |
| EPS (Basic) | 4.64↑42.3% | 3.26↓43.6% | 5.78↑56.6% | 3.69↑109.7% | 1.76 | |
| EPS (Diluted) | 4.64↑42.3% | 3.26↓43.6% | 5.78↑56.6% | 3.69↑109.7% | 1.76 | |
| Weighted Average Shares | 13↓0.2% | 13↓1.8% | 13↓10.5% | 14↑1.1% | 14 | |
| Weighted Average Diluted Shares | 13↓0.2% | 13↓1.8% | 13↓10.5% | 14↑1.1% | 14 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.