Bel Fuse Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	675.46	534.79	639.81	654.23	543.49
Revenue Growth (YoY)	26.30%	-16.41%	-2.20%	20.38%	16.69%
Cost of Revenue	411.04	332.43	423.96	470.78	409.11
Gross Profit	264.42	202.36	215.85	183.45	134.38
Selling, General & Admin	125.83	110.62	99.09	92.34	86.61
Research & Development	30.87	23.59	22.49	20.24	21.89
Other Operating Expenses	8.13	-1.58	13.93	8.92	7.78
Total Operating Expenses	164.82	132.62	135.51	121.5	116.28
Operating Income	99.59	69.74	80.34	61.96	18.1
Interest Income	1.04	4.75	1.7	0.18	-
Interest Expense	-14.75	-4.08	-2.85	-3.38	-3.54
Other Non-Operating Income (Expense)	-2.23	-3.17	-3.52	-2.89	-0.39
Total Non-Operating Income (Expense)	-15.95	-2.49	-4.68	-6.09	-3.93
Pretax Income	83.65	67.25	75.66	55.87	14.17
Provision for Income Taxes	20.94	12.62	9.47	6.37	2.51
Net Income	61.54	40.96	73.83	105.38	24.82
Minority Interest in Earnings	12.58	8.23	-	-	-
Net Income to Common	61.54	40.96	73.83	105.38	24.82
Net Income Growth	50.23%	-44.52%	-29.94%	324.55%	93.99%
Shares Outstanding (Basic)	2	2	2	26	13
Shares Outstanding (Diluted)	2	2	2	26	13
Shares Change (YoY)	-0.42%	-0.84%	-91.85%	101.16%	-0.96%
EPS (Basic)	4.65	3.10	5.52	4.01	1.90
EPS (Diluted)	4.65	3.10	5.52	4.01	1.90
EPS Growth	50.00%	-43.84%	37.66%	111.05%	95.88%
Shares Outstanding	12.66	12.54	12.76	12.78	12.52
Free Cash Flow	68.61	59.96	96.22	31.43	-4.77
Free Cash Flow Growth	14.43%	-37.69%	206.20%	-	-
Free Cash Flow Per Share	32.44	28.23	44.92	1.20	-0.36
Dividends Per Share	0.240	0.240	0.240	0.240	0.240
Gross Margin	39.15%	37.84%	33.74%	28.04%	24.73%
Operating Margin	14.74%	13.04%	12.56%	9.47%	3.33%
Profit Margin	9.28%	10.22%	10.35%	7.57%	2.15%
FCF Margin	10.16%	11.21%	15.04%	4.80%	-0.88%
EBITDA	126.19	86.19	93.65	76.82	34.96
EBITDA Margin	18.68%	16.12%	14.64%	11.74%	6.43%
EBIT	99.59	69.74	80.34	61.96	18.1
EBIT Margin	14.74%	13.04%	12.56%	9.47%	3.33%
Effective Tax Rate	25.03%	18.76%	12.51%	11.40%	17.68%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q