BELFB BEL FUSE INC /NJ
FY2025 10-K
BEL FUSE INC /NJ (BELFB) filed its fiscal year 2025 10-K annual report with the SEC on Feb 24, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business model: designs, manufactures, markets electronic circuit power, protection, and connectivity products for diverse industries
- • No new products, services, or segments explicitly introduced or emphasized this year
Management Discussion & Analysis
- • Revenue $675.5M in 2025, up 26.3% YoY from $534.8M in 2024; Power Solutions up $111.3M (45.3%) with $136.6M from Enercon acquisition
- • Gross margin 39.1% in 2025 vs 37.8% in 2024; Power Solutions margin 42.7% vs 42.4%, Connectivity 38.7% vs 37.1%, Magnetic 27.6% vs 25.3%
Risk Factors
- • Regulatory/legal risk: $13.1M impairment charge in Q4-25 for innolectric investment due to insolvency and cessation of majority owner financial support
- • Geopolitical/macro risk: PRC labor shortages affected by government and social policies could force higher-cost manufacturing relocation, materially hurting margins
Financial SummaryXBRL
Revenue
$675M
Net Income
$62M
Gross Margin
39.1%
Operating Margin
16.4%
Net Margin
9.1%
ROE
14.5%
Total Assets
$935M
Operating Cash Flow
$81M
Source: XBRL data from BEL FUSE INC /NJ FY2025 10-K filing on SEC EDGAR. All figures in USD.
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