Bel Fuse (BELFA) Financial Statements & Analysis

Bel Fuse (BELFA) Income Statement

Bel Fuse reported revenue of $675.46M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 26.3% from $534.79M a year earlier. Net income was $61.54M, up 50.2% year over year, a net margin of 9.1%. Gross margin was 39.1% and operating margin 14.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $210.69M, up 25.2% from the same quarter a year earlier.

Bel Fuse Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Bel Fuse Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	675.46	534.79	639.81	654.23	543.49	465.77	492.41	548.18	491.61
Cost of Revenue	411.04	332.43	423.96	470.78	409.11	350.94	381.72	438.41	389.60
Gross Profit	264.42	202.36	215.85	183.45	134.38	114.83	110.70	109.77	102.01
Operating Expenses
Research & Development	30.87	23.59	22.49	20.24	21.89	23.61	26.93	29.40	28.80
Selling, General & Administrative	126.65	98.70	99.09	92.34	87.16	79.68	75.94	79.94	85.07
Operating Expenses	164.82	132.62	121.58	118.31	116.28	103.29	102.87	79.94	85.07
Operating Income	99.59	69.74	94.27	65.15	18.10	11.54	7.83	29.61	16.34
Other Income/Expense
Interest Income	1.04	4.75	1.70	0.18	0.00	0.00	0.00	0.00	0.00
Interest Expense	-14.75	-4.08	2.85	3.38	-3.54	-4.75	5.45	5.32	6.80
Other Income/Expense	-15.95	-2.49	-9.82	-6.09	-3.93	1.39	-15.13	-3.33	-7.74
Income
Income Before Tax	95.05	61.81	83.30	59.06	27.33	12.14	-7.30	23.62	9.64
Income Tax Expense	20.94	12.62	9.47	6.37	2.51	-0.66	1.44	2.91	21.54
Net Income	61.54	40.96	73.83	52.69	24.82	12.80	-8.74	20.71	-11.90
Net Income - Continuous Operations	74.11	49.19	73.83	52.69	24.82	12.80	-8.74	20.71	-11.90
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	133.50	96.53	99.46	77.30	42.19	27.96	14.62	44.27	40.16
EBIT	106.90	80.07	86.15	69.93	25.33	11.54	-	-	-
Depreciation & Amortization	26.59	16.46	13.31	14.86	16.86	16.42	16.47	18.21	20.72
Earnings Per Share
Basic EPS	5.00	3.00	6.00	4.00	2.00	1.00	-1.00	2.00	-1.00
Diluted EPS	5.00	3.00	6.00	4.00	2.00	1.00	-1.00	2.00	-1.00
Basic Shares Outstanding	12.64	12.62	12.78	14.27	12.40	12.33	13.97	12.11	12.03
Diluted Shares Outstanding	12.66	12.62	12.78	14.27	12.40	12.33	13.97	12.11	12.03

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Bel Fuse Financial Statements

What was Bel Fuse's revenue in fiscal 2025?

Bel Fuse reported revenue of $675.46M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 26.3% from $534.79M a year earlier.

Is Bel Fuse profitable?

Yes. Bel Fuse earned net income of $61.54M in fiscal 2025, a net margin of 9.1%. In fiscal 2024 it earned $40.96M.

What is Bel Fuse's operating margin?

Bel Fuse's operating income was $99.59M on revenue of $675.46M in fiscal 2025, an operating margin of 14.7%, compared with 13.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition