Bel Fuse Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	701.71	675.46	534.79	639.81	654.23	543.49
Revenue Growth (YoY)	25.54%	26.30%	-16.41%	-2.20%	20.38%	16.69%
Cost of Revenue	426.51	411.04	332.43	423.96	470.78	409.11
Gross Profit	275.2	264.42	202.36	215.85	183.45	134.38
Selling, General & Admin	133.05	125.83	110.62	99.09	92.34	86.61
Research & Development	32.15	30.87	23.59	22.49	20.24	21.89
Other Operating Expenses	11.76	8.13	-1.58	13.93	8.92	7.78
Total Operating Expenses	176.96	164.82	132.62	135.51	121.5	116.28
Operating Income	98.24	99.59	69.74	80.34	61.96	18.1
Interest Income	0.91	1.04	4.75	1.7	0.18	-
Interest Expense	-13.13	-14.75	-4.08	-2.85	-3.38	-3.54
Other Non-Operating Income (Expense)	-8.36	-2.23	-3.17	-3.52	-2.89	-0.39
Total Non-Operating Income (Expense)	-20.58	-15.95	-2.49	-4.68	-6.09	-3.93
Pretax Income	77.66	83.65	67.25	75.66	55.87	14.17
Provision for Income Taxes	18.28	20.94	12.62	9.47	6.37	2.51
Net Income	119.37	61.54	40.96	73.83	105.38	24.82
Minority Interest in Earnings	15.73	12.58	8.23	-	-	-
Net Income to Common	119.37	61.54	40.96	73.83	105.38	24.82
Net Income Growth	35.39%	50.23%	-44.52%	-29.94%	324.55%	93.99%
Shares Outstanding (Basic)	14	2	2	2	26	13
Shares Outstanding (Diluted)	14	2	2	2	26	13
Shares Change (YoY)	-29.68%	-0.42%	-0.84%	-91.85%	101.16%	-0.96%
EPS (Basic)	4.15	4.65	3.10	5.52	4.01	1.90
EPS (Diluted)	4.15	4.65	3.10	5.52	4.01	1.90
EPS Growth	27.30%	50.00%	-43.84%	37.66%	111.05%	95.88%
Shares Outstanding	12.66	12.66	12.54	12.76	12.78	12.52
Free Cash Flow	74.44	68.61	59.96	96.22	31.43	-4.77
Free Cash Flow Growth	8.49%	14.43%	-37.69%	206.20%	-	-
Free Cash Flow Per Share	5.19	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	39.22%	39.15%	37.84%	33.74%	28.04%	24.73%
Operating Margin	14.00%	14.74%	13.04%	12.56%	9.47%	3.33%
Profit Margin	8.46%	9.28%	10.22%	10.35%	7.57%	2.15%
FCF Margin	10.61%	10.16%	11.21%	15.04%	4.80%	-0.88%
EBITDA	124.77	126.19	86.19	93.65	76.82	34.96
EBITDA Margin	17.78%	18.68%	16.12%	14.64%	11.74%	6.43%
EBIT	98.24	99.59	69.74	80.34	61.96	18.1
EBIT Margin	14.00%	14.74%	13.04%	12.56%	9.47%	3.33%
Effective Tax Rate	23.55%	25.03%	18.76%	12.51%	11.40%	17.68%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q