Bel Fuse Inc. (BELFB) Financial Statements (2025 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)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments89,37170,26661,75684,93972,28953,911
Cash and cash equivalent89,37170,26661,75684,93972,28953,911
Receivables84,129107,27487,13571,37276,09291,939
Inventory, net of allowances, customer advances and progress billings136,540172,465139,383100,133107,276120,068
Inventory136,540172,465139,383100,133107,276120,068
Contract with customer, asset, after allowance for credit loss12,79318,24428,27514,13516,31815,799
Asset, held-for-sale, not part of disposal group      
Other current assets21,09713,15912,4679,63711,2068,792
Debt securities, held-to-maturity, excluding accrued interest, after allowance for credit loss✕37,548  ✕✕✕
Other undisclosed current assets      
Total current assets:381,478381,408329,016280,216283,181290,509
Noncurrent Assets
Operating lease, right-of-use asset20,48121,55121,25214,21718,504✕
Property, plant and equipment36,53336,83338,21034,50141,94343,932
Long-term investments and receivables10,282     
Long-term investments10,282     
Intangible assets, net (including goodwill)76,03379,21087,64689,75594,35782,506
Goodwill26,64225,09926,65123,96621,99319,817
Intangible assets, net (excluding goodwill)49,39154,11160,99565,78972,36462,689
Deferred income tax assets11,5537,2814,4615,7053,731✕
Other noncurrent assets33,11934,18331,26129,47227,20126,081
Other undisclosed noncurrent assets2,152    496
Total noncurrent assets:190,153179,058182,830173,650185,736153,015
TOTAL ASSETS:571,631560,466511,846453,866468,917443,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities95,098115,462100,41368,25071,08788,461
Accounts payable40,44164,58965,96039,77444,16956,171
Accrued liabilities54,65750,87334,45328,47626,91832,290
Deferred revenue3,046 2,2242,077 ✕
Debt   5,48412,8662,508
Liability for uncertainty in income taxes    2,400  
Other liabilities9,16114,9724,7197,4096,26515,061
Other undisclosed current liabilities3,3045,8704,6561,916  
Total current liabilities:110,609136,304112,01287,53690,218106,030
Noncurrent Liabilities
Long-term debt and lease obligation60,00095,000127,168118,358149,966111,705
Long-term debt, excluding current maturities60,00095,000112,500110,294138,215111,705
Finance lease, liability     ✕
Liabilities, other than long-term debt60,46466,81663,92362,17360,68249,319
Deferred tax liabilities, net✕✕✕✕✕✕1,161
Deferred income tax liabilities1,4561,2571,4871,0301,726✕
Liability for uncertainty in income taxes19,82324,79828,43426,08926,90127,553
Liability, pension and other postretirement and postemployment benefits19,87618,52223,90924,62021,54518,683
Other liabilities5,0976,49710,09310,43410,5101,922
Operating lease, liability14,21215,74214,6688,06411,751✕
Other undisclosed noncurrent liabilities      
Total noncurrent liabilities:120,464161,816191,091180,531210,648161,024
Total liabilities:231,073298,120303,103268,067300,866267,054
Temporary equity, including noncontrolling interest      
Equity
Equity, attributable to parent, including:340,558262,346208,743185,799168,051176,470
Treasury stock, value (454)(349)    
Additional paid in capital44,26040,77238,41936,13633,82631,387
Accumulated other comprehensive loss(12,037)(16,546)(18,863)(18,063)(24,065)(24,838)
Retained earnings307,510237,188187,935166,491157,063168,695
Other undisclosed equity, attributable to parent1,2791,2811,2521,2351,2271,226
Total equity:340,558262,346208,743185,799168,051176,470
TOTAL LIABILITIES AND EQUITY:571,631560,466511,846453,866468,917443,524

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues639,813654,233543,494465,771492,412548,184
Cost of revenue
(Cost of Product and Service Sold)		(423,964)(470,780)(409,111)(346,041)(381,715)(438,414)
Gross profit:215,849183,453134,383119,730110,697109,770
Operating expenses(121,578)(112,580)(108,503)(102,315)(111,878)(79,937)
Other undisclosed operating income (loss)(6,295)(5,726)5,3771,2521,664(222)
Operating income:87,97665,14731,25718,66748329,611
Nonoperating income (expense)(2,806)(2,709)(388)(1,785)(2,337) 
Investment income, nonoperating1505862   
Gain (loss), foreign currency transaction, before tax (1,356)278(44)(2,168)110 
Other nonoperating expense      
Interest and debt expense(2,850)(3,379)(3,542)(4,746)(5,448)(5,317)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (678)
Income (loss) from continuing operations before equity method investments, income taxes:82,32059,05927,32712,136(7,302)23,616
Other undisclosed income from continuing operations before income taxes 980     
Income (loss) from continuing operations before income taxes:83,30059,05927,32712,136(7,302)23,616
Income tax expense (benefit)(9,469)(6,370)(2,506)659(1,441)(2,907)
Income (loss) from continuing operations:73,83152,68924,82112,795(8,743)20,709
Income (loss) before gain (loss) on sale of properties:✕✕✕24,82112,795(8,743)20,709
Net income (loss):73,83152,68924,82112,795(8,743)20,709
Net loss attributable to noncontrolling interest      
Other undisclosed net loss attributable to parent      
Net income (loss) available to common stockholders, diluted:73,83152,68924,82112,795(8,743)20,709

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):73,83152,68924,82112,795(8,743)20,709
Net loss attributable to redeemable noncontrolling interest✕✕✕✕✕✕
Other comprehensive income (loss)681,4281,209(746)413(1,005)
Other undisclosed comprehensive loss      
Comprehensive income (loss):73,89954,11726,03012,049(8,330)19,704
Comprehensive loss, net of tax, attributable to noncontrolling interest      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 4,441889(2,009)6,748823(4,208)
Comprehensive income (loss), net of tax, attributable to parent:78,34055,00624,02118,797(7,507)15,496

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.

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