Bel Fuse Inc. (BELFB) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
300 EXECUTIVE DRIVE WEST ORANGE, NJ 07052 |
| State of Incorp. | NJ |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3677 - Electronic Coils, Transformers, and Other Inductors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 68,253 | 89,371 | 70,266 | 61,756 | 84,939 | 72,289 | |||
| Cash and cash equivalent | 68,253 | 89,371 | 70,266 | 61,756 | 84,939 | 72,289 | |||
| Receivables | 111,376 | 84,129 | 107,274 | 87,135 | 71,372 | 76,092 | |||
| Inventory, net of allowances, customer advances and progress billings | 161,370 | 136,540 | 172,465 | 139,383 | 100,133 | 107,276 | |||
| Inventory | 161,370 | 136,540 | 172,465 | 139,383 | 100,133 | 107,276 | |||
| Contract with customer, asset, after allowance for credit loss | 4,994 | 12,793 | 18,244 | 28,275 | 14,135 | 16,318 | |||
| Asset, held-for-sale, not part of disposal group | 2,062 | ||||||||
| Other current assets | 24,525 | 21,097 | 13,159 | 12,467 | 9,637 | 11,206 | |||
| Debt securities, held-to-maturity, excluding accrued interest, after allowance for credit loss | ✕ | ✕ | 37,548 | ✕ | ✕ | ||||
| Other undisclosed current assets | 950 | ||||||||
| Total current assets: | 373,530 | 381,478 | 381,408 | 329,016 | 280,216 | 283,181 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 25,125 | 20,481 | 21,551 | 21,252 | 14,217 | 18,504 | |||
| Property, plant and equipment | 47,879 | 36,533 | 36,833 | 38,210 | 34,501 | 41,943 | |||
| Long-term investments and receivables | 9,265 | 10,282 | |||||||
| Long-term investments | 9,265 | 10,282 | |||||||
| Intangible assets, net (including goodwill) | 439,984 | 76,033 | 79,210 | 87,646 | 89,755 | 94,357 | |||
| Goodwill | 208,036 | 26,642 | 25,099 | 26,651 | 23,966 | 21,993 | |||
| Intangible assets, net (excluding goodwill) | 231,948 | 49,391 | 54,111 | 60,995 | 65,789 | 72,364 | |||
| Deferred income tax assets | 16,430 | 11,553 | 7,281 | 4,461 | 5,705 | 3,731 | |||
| Other noncurrent assets | 34,639 | 33,119 | 34,183 | 31,261 | 29,472 | 27,201 | |||
| Other undisclosed noncurrent assets | 2,937 | 2,152 | |||||||
| Total noncurrent assets: | 576,259 | 190,153 | 179,058 | 182,830 | 173,650 | 185,736 | |||
| TOTAL ASSETS: | 949,789 | 571,631 | 560,466 | 511,846 | 453,866 | 468,917 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 102,213 | 95,098 | 115,462 | 100,413 | 68,250 | 71,087 | |||
| Accounts payable | 49,182 | 40,441 | 64,589 | 65,960 | 39,774 | 44,169 | |||
| Accrued liabilities | 53,031 | 54,657 | 50,873 | 34,453 | 28,476 | 26,918 | |||
| Deferred revenue | 6,120 | 3,046 | 2,224 | 2,077 | |||||
| Debt | 374 | 5,484 | 12,866 | ||||||
| Liability for uncertainty in income taxes | 2,400 | ||||||||
| Other liabilities | 17,902 | 9,161 | 14,972 | 4,719 | 7,409 | 6,265 | |||
| Other undisclosed current liabilities | 1,460 | 3,304 | 5,870 | 4,656 | 1,916 | ||||
| Total current liabilities: | 128,069 | 110,609 | 136,304 | 112,012 | 87,536 | 90,218 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 288,554 | 60,000 | 95,000 | 127,168 | 118,358 | 149,966 | |||
| Long-term debt, excluding current maturities | 287,500 | 60,000 | 95,000 | 112,500 | 110,294 | 138,215 | |||
| Finance lease, liability | 1,054 | ||||||||
| Liabilities, other than long-term debt | 88,063 | 60,464 | 66,816 | 63,923 | 62,173 | 60,682 | |||
| Deferred income tax liabilities | 28,916 | 1,456 | 1,257 | 1,487 | 1,030 | 1,726 | |||
| Liability for uncertainty in income taxes | 18,127 | 19,823 | 24,798 | 28,434 | 26,089 | 26,901 | |||
| Liability, pension and other postretirement and postemployment benefits | 18,431 | 19,876 | 18,522 | 23,909 | 24,620 | 21,545 | |||
| Other liabilities | 4,826 | 5,097 | 6,497 | 10,093 | 10,434 | 10,510 | |||
| Operating lease, liability | 17,763 | 14,212 | 15,742 | 14,668 | 8,064 | 11,751 | |||
| Other undisclosed noncurrent liabilities | 3,941 | ||||||||
| Total noncurrent liabilities: | 380,558 | 120,464 | 161,816 | 191,091 | 180,531 | 210,648 | |||
| Total liabilities: | 508,627 | 231,073 | 298,120 | 303,103 | 268,067 | 300,866 | |||
| Temporary equity, including noncontrolling interest | 80,586 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 360,576 | 340,558 | 262,346 | 208,743 | 185,799 | 168,051 | |||
| Treasury stock, value | (454) | (349) | |||||||
| Additional paid in capital | 31,514 | 44,260 | 40,772 | 38,419 | 36,136 | 33,826 | |||
| Accumulated other comprehensive loss | (17,227) | (12,037) | (16,546) | (18,863) | (18,063) | (24,065) | |||
| Retained earnings | 345,031 | 307,510 | 237,188 | 187,935 | 166,491 | 157,063 | |||
| Other undisclosed equity, attributable to parent | 1,258 | 1,279 | 1,281 | 1,252 | 1,235 | 1,227 | |||
| Total equity: | 360,576 | 340,558 | 262,346 | 208,743 | 185,799 | 168,051 | |||
| TOTAL LIABILITIES AND EQUITY: | 949,789 | 571,631 | 560,466 | 511,846 | 453,866 | 468,917 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 534,792 | 639,813 | 654,233 | 543,494 | 465,771 | 492,412 | ||
| Cost of revenue (Cost of Product and Service Sold) | (332,434) | (423,964) | (470,780) | (409,111) | (346,041) | (381,715) | ||
| Gross profit: | 202,358 | 215,849 | 183,453 | 134,383 | 119,730 | 110,697 | ||
| Operating expenses | (134,602) | (121,578) | (112,580) | (108,503) | (102,315) | (111,878) | ||
| Other undisclosed operating income (loss) | (3,459) | (6,295) | (5,726) | 5,377 | 1,252 | 1,664 | ||
| Operating income: | 64,297 | 87,976 | 65,147 | 31,257 | 18,667 | 483 | ||
| Nonoperating income (expense) | 1,589 | (2,806) | (2,709) | (388) | (1,785) | (2,337) | ||
| Investment income, nonoperating | 4,754 | 150 | 58 | 62 | ||||
| Gain (loss), foreign currency transaction, before tax | (1,356) | 278 | (44) | (2,168) | 110 | |||
| Other nonoperating income (expense) | (3,165) | |||||||
| Interest and debt expense | (4,078) | (2,850) | (3,379) | (3,542) | (4,746) | (5,448) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 61,808 | 82,320 | 59,059 | 27,327 | 12,136 | (7,302) | ||
| Other undisclosed income from continuing operations before income taxes | 980 | |||||||
| Income (loss) from continuing operations before income taxes: | 61,808 | 83,300 | 59,059 | 27,327 | 12,136 | (7,302) | ||
| Income tax expense (benefit) | (12,616) | (9,469) | (6,370) | (2,506) | 659 | (1,441) | ||
| Income (loss) from continuing operations: | 49,192 | 73,831 | 52,689 | 24,821 | 12,795 | (8,743) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 24,821 | 12,795 | (8,743) | |
| Net income (loss): | 49,192 | 73,831 | 52,689 | 24,821 | 12,795 | (8,743) | ||
| Net loss attributable to noncontrolling interest | (484) | |||||||
| Other undisclosed net loss attributable to parent | (7,748) | |||||||
| Net income (loss) attributable to parent: | 40,960 | 73,831 | 52,689 | 24,821 | 12,795 | (8,743) | ||
| Preferred stock dividends and other adjustments | ||||||||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net income (loss) available to common stockholders, diluted: | 40,960 | 73,831 | 52,689 | 24,821 | 12,795 | (8,743) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 49,192 | 73,831 | 52,689 | 24,821 | 12,795 | (8,743) | ||
| Net loss attributable to redeemable noncontrolling interest | (484) | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | 429 | 68 | 1,428 | 1,209 | (746) | 413 | ||
| Other undisclosed comprehensive loss | (5,619) | |||||||
| Comprehensive income (loss): | 44,002 | 73,899 | 54,117 | 26,030 | 12,049 | (8,330) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (484) | |||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 4,441 | 889 | (2,009) | 6,748 | 823 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 43,518 | 78,340 | 55,006 | 24,021 | 18,797 | (7,507) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.