Overview
- TickerBELFA on Nasdaq1
- IndustryElectronic Coils, Transformers & Other Inductors1
- HeadquartersWest Orange, New Jersey1
- Incorporated inNJ3
- Business address300 Executive Drive, Suite 300, West Orange, Nj 070523
- Filer categoryLarge accelerated filer3
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Bel Fuse Inc. designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the defense, commercial aerospace, networking, telecommunications, computing, general industrial, high-speed data transmission, transportation and eMobility industries. Bel's portfolio of products also finds application in the automotive, medical, broadcasting and consumer electronics markets. Bel's product groups include Power Solutions and Protection (front-end, board-mount, industrial and transportation power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components).5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Power Solutions and Protection brought in 53% of the revenue BEL FUSE INC /NJ broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Power Solutions and Protection | $314.1M | $245.6M | $356.8M |
| Connectivity Solutions | $210.6M | $220.4M | $232.3M |
| Magnetic Solutions | $115.1M | $68.9M | $86.4M |
Business segments
Power Solutions and Protection brought in 53% of the revenue BEL FUSE INC /NJ broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Power Solutions and Protection | $314.1M | $245.6M | $356.8M |
| Connectivity Solutions | $210.6M | $220.4M | $232.3M |
| Magnetic Solutions | $115.1M | $68.9M | $86.4M |
Regions
Asia brought in 27% of the revenue BEL FUSE INC /NJ broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Asia | $93.5M | $68.3M | $123.5M |
| EMEA | $98.5M | $104.3M | $104.6M |
| Israel | $0 | $8.2M | $62.3M |
| China | $43.1M | $23.4M | $52.3M |
| United Kingdom | $25.6M | $35.9M | $37.1M |
| SK | $35.6M | $33.2M | $32.2M |
| Switzerland | $11.2M | $15.6M | $15.7M |
| Germany | $17.3M | $15.3M | $14.7M |
| India | $15.4M | $10.6M | $8.8M |
| All Other Foreign Countries | $8.8M | $5.3M | $4.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue61¢$411.0M
- Research and development5¢$30.9M
- Selling, general and admin19¢$125.8M
- Other costs4¢$25.2M
- Income tax3¢$20.9M
- Profit9¢$61.5M
Out of $675.5M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending15¢$12.0M
- Dividends paid4¢$3.5M
- Kept or used elsewhere81¢$65.1M
Out of $80.6M of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $675.5M | $534.8M | $639.8M |
| Cost of sales | $411.0M | $332.4M | $424.0M |
| Gross profit | $264.4M | $202.4M | $215.8M |
| Research and development costs | $30.9M | $23.6M | $22.5M |
| Selling, general and administrative expenses | $125.8M | $110.6M | $99.1M |
| Impairment of CUI tradename | $0 | $400.0K | $0 |
| Restructuring (credits) charges | -$677.0K | $3.5M | $10.1M |
| Gain on sale of properties | -$5.7M | $0 | -$3.8M |
| Earnout liability adjustments | $3.1M | $0 | $0 |
| Income from operations | $111.0M | $64.3M | $88.0M |
| Gain on sale of Czech Republic business | $0 | $0 | $980.0K |
| Interest expense | -$14.8M | -$4.1M | -$2.9M |
| Interest income | $1.0M | $4.8M | $1.7M |
| Impairment of equity method investment and related party notes | -$13.1M | $0 | $0 |
| Other income (expense), net | $10.9M | -$3.2M | -$4.5M |
| Earnings before provision for income taxes | $95.0M | $61.8M | $83.3M |
| Provision for income taxes | $20.9M | $12.6M | $9.5M |
| Net earnings available to common shareholders | $74.1M | $49.2M | $73.8M |
| Less: Net earnings attributable to noncontrolling interest | $3.5M | $484.0K | $0 |
| Redemption value adjustment attributable to noncontrolling interest | $9.1M | $7.7M | $0 |
| Net earnings attributable to Bel Fuse shareholders | $61.5M | $41.0M | $73.8M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $57.8M | $68.3M | |
| Held to maturity U.S. Treasury securities | $0 | $950.0K | |
| Accounts receivable, net of credit losses of $671 and $1,336, at December 31, 2025 and 2024, respectively | $121.5M | $111.4M | $84.1M |
| Inventories | $167.3M | $161.4M | |
| Unbilled receivables | $9.7M | $5.0M | $12.8M |
| Assets held for sale | $0 | $2.1M | |
| Other current assets | $28.5M | $24.5M | |
| Total current assets | $384.8M | $373.5M | |
| Property, plant and equipment, net | $48.4M | $47.9M | |
| Right-of-use assets | $22.9M | $25.1M | |
| Equity method investment | $0 | $9.3M | |
| Intangible assets, net | $218.0M | $231.9M | |
| Goodwill, net | $214.8M | $208.0M | $26.6M |
| Deferred income taxes | $12.8M | $16.4M | |
| Other Assets, Noncurrent | $33.5M | $34.6M | |
| Total assets | $935.2M | $949.8M | $571.6M |
| Accounts payable | $53.0M | $49.2M | |
| Accrued expenses | $49.7M | $53.0M | |
| Operating lease liability, current | $8.0M | $8.0M | |
| Other Liabilities, Current | $16.7M | $17.9M | |
| Total current liabilities | $127.4M | $128.1M | |
| Long-term debt | $197.5M | $287.5M | |
| Operating lease liability, long-term | $15.9M | $17.8M | |
| Liability for uncertain tax positions | $17.5M | $18.1M | |
| Minimum pension obligation and unfunded pension liability | $19.3M | $18.4M | |
| Deferred income taxes | $29.7M | $28.9M | |
| Other long-term liabilities | $9.2M | $4.8M | |
| Total liabilities | $416.5M | $508.6M | |
| Redeemable noncontrolling interest | -$93.2M | -$80.6M | |
| Preferred stock, no par value, 1,000,000 shares authorized; none issued | $0 | $0 | |
| Treasury stock (unrestricted; none outstanding at December 31, 2025, and at December 31, 2024) | $0 | $0 | |
| Additional paid-in capital | $38.3M | $31.5M | |
| Retained earnings | $403.1M | $345.0M | |
| Accumulated other comprehensive loss | -$17.2M | -$17.2M | |
| Total shareholders' equity | $425.5M | $360.6M | |
| Total liabilities, redeemable noncontrolling interest and shareholders' equity | $935.2M | $949.8M | |
| Accounts receivable, allowance for doubtful accounts | $671.0K | $1.3M | |
| Preferred stock, no par value (in dollars per share) | $0 | $0 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Common stock, treasury shares (in shares) | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $57.8M | $68.3M | |
| Held to maturity U.S. Treasury securities | $0 | $950.0K | |
| Accounts receivable, net of credit losses of $671 and $1,336, at December 31, 2025 and 2024, respectively | $121.5M | $111.4M | $84.1M |
| Inventories | $167.3M | $161.4M | |
| Unbilled receivables | $9.7M | $5.0M | $12.8M |
| Assets held for sale | $0 | $2.1M | |
| Other current assets | $28.5M | $24.5M | |
| Total current assets | $384.8M | $373.5M | |
| Property, plant and equipment, net | $48.4M | $47.9M | |
| Right-of-use assets | $22.9M | $25.1M | |
| Equity method investment | $0 | $9.3M | |
| Intangible assets, net | $218.0M | $231.9M | |
| Goodwill, net | $214.8M | $208.0M | $26.6M |
| Deferred income taxes | $12.8M | $16.4M | |
| Other Assets, Noncurrent | $33.5M | $34.6M | |
| Total assets | $935.2M | $949.8M | $571.6M |
| Accounts payable | $53.0M | $49.2M | |
| Accrued expenses | $49.7M | $53.0M | |
| Operating lease liability, current | $8.0M | $8.0M | |
| Other Liabilities, Current | $16.7M | $17.9M | |
| Total current liabilities | $127.4M | $128.1M | |
| Long-term debt | $197.5M | $287.5M | |
| Operating lease liability, long-term | $15.9M | $17.8M | |
| Liability for uncertain tax positions | $17.5M | $18.1M | |
| Minimum pension obligation and unfunded pension liability | $19.3M | $18.4M | |
| Deferred income taxes | $29.7M | $28.9M | |
| Other long-term liabilities | $9.2M | $4.8M | |
| Total liabilities | $416.5M | $508.6M | |
| Redeemable noncontrolling interest | -$93.2M | -$80.6M | |
| Preferred stock, no par value, 1,000,000 shares authorized; none issued | $0 | $0 | |
| Treasury stock (unrestricted; none outstanding at December 31, 2025, and at December 31, 2024) | $0 | $0 | |
| Additional paid-in capital | $38.3M | $31.5M | |
| Retained earnings | $403.1M | $345.0M | |
| Accumulated other comprehensive loss | -$17.2M | -$17.2M | |
| Total shareholders' equity | $425.5M | $360.6M | |
| Total liabilities, redeemable noncontrolling interest and shareholders' equity | $935.2M | $949.8M | |
| Accounts receivable, allowance for doubtful accounts | $671.0K | $1.3M | |
| Preferred stock, no par value (in dollars per share) | $0 | $0 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Common stock, treasury shares (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net earnings | $74.1M | $49.2M | $73.8M |
| Impairment of equity method investment and related party notes | -$13.1M | $0 | $0 |
| Depreciation and amortization | $26.6M | $16.5M | $13.3M |
| Stock-based compensation | $6.8M | $3.7M | $3.5M |
| Amortization of deferred financing costs | $1.5M | $151.0K | $33.0K |
| Deferred income taxes benefit/(expense) | $1.4M | -$6.3M | -$3.9M |
| Net unrealized (gains)/losses on foreign currency revaluation | -$12.7M | $1.5M | $1.4M |
| Gains on sale/disposal of property, plant and equipment | -$5.7M | $0 | -$2.1M |
| Gain on sale of Czech Republic business | $0 | $0 | -$980.0K |
| Other, net | $2.2M | $2.3M | -$1.0M |
| Accounts receivable | -$8.6M | -$6.8M | $22.5M |
| Unbilled receivables | -$4.8M | $7.8M | $5.5M |
| Inventories | -$2.4M | $15.1M | $33.6M |
| Other current assets | -$1.6M | -$2.4M | -$217.0K |
| Other assets | -$1.6M | $6.0M | $3.0M |
| Accounts payable | $2.4M | $139.0K | -$22.7M |
| Accrued expenses | $195.0K | -$7.1M | $5.4M |
| Accrued restructuring costs | -$5.1M | $215.0K | -$1.2M |
| Other liabilities | -$1.6M | -$5.0M | -$16.4M |
| Income taxes payable | -$3.7M | -$1.0M | -$5.0M |
| Net cash provided by operating activities | $80.6M | $74.1M | $108.3M |
| Purchase of property, plant and equipment | -$12.0M | -$14.1M | -$12.1M |
| Purchases of held to maturity U.S. Treasury securities | $0 | -$131.3M | -$60.0M |
| Proceeds from held to maturity securities | $950.0K | $167.9M | $19.9M |
| Payment for equity method investment | $0 | $0 | -$10.3M |
| Investment in related party notes receivable | $0 | -$785.0K | -$2.2M |
| Proceeds from disposal/sale of property, plant and equipment | $7.8M | $883.0K | $6.0M |
| Acquisition of business, net of cash acquired | $0 | -$320.5M | $0 |
| Proceeds from sale of business | $0 | $0 | $5.1M |
| Net cash used in investing activities | -$3.2M | -$297.9M | -$53.5M |
| Dividends paid to common shareholders | -$3.5M | -$3.5M | -$3.5M |
| Purchase of treasury stock | $0 | -$16.1M | -$105.0K |
| Deferred financing costs | -$681.0K | -$1.7M | $0 |
| Borrowings under revolving line of credit | $0 | $242.5M | $5.0M |
| Proceeds of long-term debt | $8.0M | $0 | $0 |
| Repayments under revolving line of credit | -$98.0M | -$15.0M | -$40.0M |
| Net cash (used in) provided by financing activities | -$94.1M | $206.3M | -$38.6M |
| Net (decrease) increase in cash and cash equivalents | -$10.5M | -$21.1M | $19.1M |
| Effect of exchange rate changes on cash | $6.3M | -$3.5M | $2.9M |
| Income taxes, net of refunds received | $23.7M | $23.0M | $25.1M |
| Interest payments | $14.8M | $5.8M | $4.7M |
| Redeemable noncontrolling interest assumed in exchange for acquired net assets | $0 | $72.4M | $0 |
| ROU assets obtained in exchange for lease obligations | $4.8M | $6.9M | $6.0M |
No quarter-by-quarter statement was filed.
Corporate structure
BEL FUSE INC /NJ sits at the top of its group. 38 entities, 15 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of BEL FUSE INC /NJ
- HIGHBRIDGE CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on BEL FUSE INC /NJ, latest Aug 14, 2026 (2 filings since May 15, 2026)
- T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G/A on BEL FUSE INC /NJ, latest Aug 14, 2026 (2 filings since May 15, 2026)
- Barclays Filed SCHEDULE 13G/A on BEL FUSE INC /NJ, latest Aug 13, 2026 (2 filings since May 14, 2026)
- Janus Henderson Group Ltd. Filed SCHEDULE 13G/A on BEL FUSE INC /NJ, latest Aug 13, 2026 (3 filings since Feb 17, 2026)
- FMR LLC Filed SCHEDULE 13G/A on BEL FUSE INC /NJ, latest Aug 6, 2026 (2 filings since Nov 5, 2025)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on BEL FUSE INC /NJ, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on BEL FUSE INC /NJ, latest Mar 26, 2026 (7 filings since Feb 9, 2022)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SCHEDULE 13G on BEL FUSE INC /NJ, latest Feb 17, 2026
- GAMCO Investors Filed SCHEDULE 13D/A on BEL FUSE INC /NJ, latest Jan 28, 2026 (13 filings since Mar 2, 2023)
- Christopher Finch Bennett Filed SCHEDULE 13D/A on BEL FUSE INC /NJ, latest Sep 5, 2025 (4 filings since Nov 10, 2022)
- JPMorgan Chase Filed SCHEDULE 13G/A on BEL FUSE INC /NJ, latest Jul 31, 2025 (2 filings since Feb 10, 2025)
- BROWN ADVISORY INC Filed SC 13G on BEL FUSE INC /NJ, latest Apr 23, 2024
- BEL FUSE INC /NJ West Orange, New Jersey
- Bel Components Ltd. Subsidiary · Hong Kong
- Bel Connector Inc. Subsidiary · Delaware, United States
- Bel Fuse (Macao Commercial Offshore) Limited Subsidiary · Macau
- Bel Fuse Limited Subsidiary · Hong Kong
- Bel Power Europe S.r.l. Subsidiary · Italy
- Bel Power Inc. Subsidiary · Massachusetts, United States
- Bel Power Solutions Germany GmbH Subsidiary · Germany
- Bel Power Solutions GmbH Subsidiary · Switzerland
- Bel Power Solutions Ireland Limited Subsidiary · Ireland
- Bel Power Solutions s.r.o. Subsidiary · Slovakia
- Bel Sales (Hong Kong) Ltd. Subsidiary · Hong Kong
- Bel Stewart GmbH Subsidiary · Germany
- Bel Transformer Inc. Subsidiary · Delaware, United States
- Bel Ventures Inc. Subsidiary · Delaware, United States
- BPS Cooperatief U.A. Subsidiary · Netherlands
- Cinch Connectivity Solutions LTD Subsidiary · United Kingdom
- Cinch Connectors de Mexico, S.A. de C.V. Subsidiary · Mexico
- Cinch Connectors Limited Subsidiary · United Kingdom
- Continental Converters Corporation Pte. LTD Subsidiary · Singapore
- Elcatech Development LTD Subsidiary · Israel
- Enercon Technologies Europe AG Subsidiary · Switzerland
- Enercon Technologies LTD Subsidiary · Israel
- EOS Power India Private Limited Subsidiary · India
- Mil Power Converter Technologies India Private Limited Subsidiary · India
- Mil Power Magnetics India Private Limited Subsidiary · India
- and 12 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What BEL FUSE INC /NJ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $127.1M2 Dec 31, 2025 | $124.5M2 Dec 31, 2024 | +2.1% |
| Accumulated depreciation | $78.7M2 Dec 31, 2025 | $76.6M2 Dec 31, 2024 | +2.7% |
| Property and equipment, net | $48.4M2 Dec 31, 2025 | $47.9M2 Dec 31, 2024 | +1.1% |
| Operating-lease assets (leased space) | $22.9M2 Dec 31, 2025 | $25.1M2 Dec 31, 2024 | −9.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $57.8M2 Dec 31, 2025 | $68.3M2 Dec 31, 2024 | −15.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $214.8M2 Dec 31, 2025 | $208.0M2 Dec 31, 2024 | +3.3% |
| Intangible assets, net (excluding goodwill) | $218.0M2 Dec 31, 2025 | $231.9M2 Dec 31, 2024 | −6.0% |
| Finite-lived intangibles, gross | $282.7M2 Dec 31, 2025 | $281.6M2 Dec 31, 2024 | +0.4% |
| Accumulated amortization | $64.7M2 Dec 31, 2025 | $49.7M2 Dec 31, 2024 | +30.3% |
| Finite-lived intangibles, net | $218.0M2 Dec 31, 2025 | $231.9M2 Dec 31, 2024 | −6.0% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $167.3M2 Dec 31, 2025 | $161.4M2 Dec 31, 2024 | +3.7% |
| Raw materials | $73.6M2 Dec 31, 2025 | $74.8M2 Dec 31, 2024 | −1.5% |
| Work in process | $58.1M2 Dec 31, 2025 | $53.6M2 Dec 31, 2024 | +8.4% |
| Finished goods | $35.6M2 Dec 31, 2025 | $33.1M2 Dec 31, 2024 | +7.6% |
Properties, in its own words
The Company is headquartered in West Orange, New Jersey. The Company occupies 294,000 square feet of non-manufacturing space, which is used primarily for management, financial accounting, engineering, sales and administrative support. Of this space, the Company leases 187,000 square feet and owns properties of 107,000 square feet.
The Company also operated manufacturing facilities in 8 countries as of December 31, 2025, as detailed below. Approximately 2% of the 1.9 million square feet the Company occupies is owned while the remainder is leased. See Note 19, "Commitments and Contingencies", for additional information pertaining to leases.
The rest of Item 2
The following is a list of the locations of the Company's principal manufacturing facilities at December 31, 2025:
Location · Approximate Square Feet · Product Group Produced at Facility · Owned/ Leased · Percentage Used for Manufacturing
Dongguan, PRC · 661,000 · Magnetic Solutions · Leased · 36
Shenzhen, PRC · 227,000 · Power Solutions & Protection · Leased · 100
Guangxi, PRC · 243,000 · Magnetic Solutions · Leased · 90
Mumbai, India · 53,000 · Power Solutions & Protection · Leased · 66
Haryana, India · 36,000 · Power Solutions & Protection · Leased · 90
Netanya, Israel · 60,000 · Power Solutions & Protection · Leased · 70
Dubnica nad Vahom, Slovakia · 35,000 · Power Solutions & Protection · Owned · 50
Dubnica nad Vahom, Slovakia · 70,000 · Power Solutions & Protection · Leased · 100
Worksop, United Kingdom · 51,000 · Connectivity Solutions · Leased · 83
Chelmsford, United Kingdom · 17,000 · Connectivity Solutions · Leased · 80
Dominican Republic · 33,000 · Magnetic Solutions · Leased · 85
Cananea, Mexico · 30,000 · Connectivity Solutions · Leased · 60
Reynosa, Mexico · 88,000 · Connectivity Solutions · Leased · 56
Glen Rock, Pennsylvania · 74,000 · Connectivity Solutions · Leased · 60
Waseca, Minnesota · 128,000 · Connectivity Solutions · Leased · 83
McAllen, Texas · 40,000 · Connectivity Solutions · Leased · 56
Melbourne, Florida · 13,000 · Connectivity Solutions · Leased · 64
Belmont, New Hampshire · 16,000 · Power Solutions & Protection · Leased · 90
1,875,000
Of the space described above, 241,000 square feet is used for engineering, warehousing, sales and administrative support functions at various locations and 404,000 square feet is designated for dormitories, canteen and other employee related facilities in the PRC.
The Territory of Hong Kong became a Special Administrative Region ("SAR") of the PRC during 1997. The territory of Macao became a SAR of the PRC at the end of 1999. Management cannot presently predict what future impact the current status of these territories, along with evolving political landscape in the region, will have on the Company, if any, or how the political climate in the PRC will affect the Company's contractual arrangements in the PRC (including risks arising out of any changes in governmental and economic policy, such as increased or new tariffs, and current or additional trade restrictions, and the potential for adverse developments arising out of any political or economic instability related to Hong Kong or Taiwan). A significant portion of the Company's manufacturing operations and approximately 32.0% of its identifiable assets are located in Asia.
Item 2 of the 10-K filed Feb 24, 2026.5
Leadership
Who has led BEL FUSE INC /NJ, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerFarouq Salem Ali Tuweiq Feb 26, 2026 to now16
- PresidentFarouq Salem Ali Tuweiq Feb 26, 2026 to now16
- Chief financial officerLynn Katherine Hutkin Dec 16, 2025 to now17
- Chief financial officerFarouq Salem Ali Tuweiq Feb 18, 2021 to Dec 16, 202518
Board members and other officers (26)
- Pres. - Connectivity SolutionThomas Smelker Feb 4, 2026 to now19
- VP of Magnetic SolutionsJoseph Francis Berry Jan 4, 2023 to now20
- VP of Asia OperationsKenneth Koon Keung Lai Jan 4, 2023 to now21
- Global Head of PeopleSuzanne Kozlovsky Nov 30, 2022 to now22
- Director Financial ReportingLynn Katherine Hutkin Aug 6, 2021 to now23
- VP of Human ResourcesSherry L. Urban Nov 9, 2020 to Aug 12, 202224
- Vice President of FinanceCraig Brosious May 24, 2017 to Dec 15, 202025
- Vice PresidentPeter G. Bittner Iii. May 22, 2015 to now26
- VP - Asia OperationsRaymond Cheung Nov 21, 2007 to Aug 12, 202227
- VP - FinanceColin Dunn Mar 29, 2006 to Dec 23, 201428
- Vice President - OperationsDennis Ackerman Mar 29, 2006 to Mar 15, 202429
- Vice PresidentJoseph Meccariello Mar 29, 2006 to Mar 29, 200630
- Board memberFarouq Salem Ali Tuweiq Feb 26, 2026 to now16
- Board memberDavid Valletta May 17, 2024 to now31
- Board memberJacqueline T. Brito Nov 5, 2021 to now32
- Board memberRita Smith V. Mar 2, 2020 to now33
- Board memberThomas E. Dooley Mar 2, 2020 to now34
- Board memberVincent Vellucci Oct 31, 2016 to now35
- Board memberEric M. Nowling Jul 31, 2014 to now36
- Board memberMark B. Segall Aug 5, 2011 to now37
- Board memberAvi D. Eden May 24, 2007 to May 21, 202038
- Board memberHoward Bernstein Mar 2, 2006 to Dec 17, 201539
- Board memberRobert H. Simandl Mar 16, 2006 to May 16, 201940
- Board memberDennis Ackerman Mar 29, 2006 to Mar 29, 200629
- Board memberJohn F. Tweedy Aug 4, 2006 to Jan 17, 202441
- Board memberPeter E. Gilbert Aug 16, 2006 to now42
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- BPS Cooperatief U.A. Netherlands4
- Bel Components Ltd. Hong Kong4
- Bel Connector Inc. Delaware4
- Bel Fuse (Macao Commercial Offshore) Limited Macao4
- Bel Fuse Limited Hong Kong4
- Bel Power Europe S.r.l. Italy4
- Bel Power Inc. Massachusetts4
- Bel Power Solutions Germany GmbH Germany4
- Bel Power Solutions GmbH Switzerland4
- Bel Power Solutions Inc. Delaware4
- Bel Power Solutions Ireland Limited Ireland4
- Bel Power Solutions s.r.o. Slovakia4
- Bel Sales (Hong Kong) Ltd. Hong Kong4
- Bel Stewart GmbH Germany4
- Bel Transformer Inc. Delaware4
- Bel Ventures Inc. Delaware4
- Cinch Connectivity Solutions LTD England and Wales4
- Cinch Connectivity Solutions, Inc. Delaware4
- Cinch Connectors Limited England and Wales4
- Cinch Connectors de Mexico, S.A. de C.V. Mexico4
- Continental Converters Corporation Pte. LTD Singapore4
- EOS Power India Private Limited India4
- Elcatech Development LTD Israel4
- Enercon Technologies Europe AG Switzerland4
All 40 listed subsidiaries
- Enercon Technologies LTD Israel4
- Mil Power Converter Technologies India Private Limited India4
- Mil Power Magnetics India Private Limited India4
- Multisphere Power Solutions Private Limited India4
- PAI Capital LLC Delaware4
- Shireoaks Worksop Holdings Ltd. England and Wales4
- Signal Dominicana, S.R.L. Dominican Republic4
- Stewart Connector Systems de Mexico, S.A. de C.V. Mexico4
- Stratos International, LLC Delaware4
- Stratos Lightwave LLC Delaware4
- Stratos Lightwave-Florida LLC Delaware4
- TRP Connector B.V. Netherlands4
- TRP Connector Limited Macao4
- Transpower Cooperatief U.A. Netherlands4
- Transpower Technologies (HK) Limited Hong Kong4
- Trompeter Electronics, Inc. Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Jul 29, 20268-K Results of operations43
- Jul 2, 20268-K Executive or director change44
- May 28, 20268-K Executive or director change; Shareholder vote45
- May 14, 20268-K Entered a material agreement; Other events46
- May 12, 20268-K Other events47
- Apr 29, 20268-K Results of operations48
- Apr 6, 20268-K Results of operations; Executive or director change49
- Feb 26, 2026New chief executive Farouq Salem Ali Tuweiq becomes CEO16
- Feb 24, 20268-K Change of auditor50
- Feb 17, 20268-K Results of operations51
- Jan 15, 20268-K Executive or director change; Regulation FD disclosure; Other events52
- Dec 10, 20258-K Change of auditor53
- Dec 3, 20258-K Impairment; Regulation FD disclosure54
Calendar
Coming up
- Nov 4, 2026Reports results for the quarter ending Sep/202655
When it reported results
- Jul 29, 2026Reported quarterly or annual results43
- Apr 29, 2026Reported quarterly or annual results48
- Apr 6, 2026Reported quarterly or annual results49
- Feb 17, 2026Reported quarterly or annual results51
- Oct 29, 2025Reported quarterly or annual results56
- Jul 24, 2025Reported quarterly or annual results57
- Apr 24, 2025Reported quarterly or annual results58
- Feb 18, 2025Reported quarterly or annual results59
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
289 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 112 insider forms, 48 large holders, 58 other. The latest 20:
- Oct 7, 20263 EDGAR
- Sep 15, 20264 EDGAR
- Sep 14, 2026144 EDGAR
- Sep 4, 20264 EDGAR
- Sep 2, 2026144 EDGAR
- Sep 1, 2026S-8 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 2026144 EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Aug 4, 202610-Q EDGAR
- Jul 29, 20268-K EDGAR
- Jul 2, 20268-K EDGAR
- Jun 3, 20264 EDGAR
- Jun 1, 2026SD EDGAR
- Jun 1, 2026144 EDGAR
- May 28, 20268-K EDGAR
The 289 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
54 open-market trades by officers, directors and large owners since October 2021: 14 buys and 40 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | Vellucci VincentDirector | Sale | 1,000 | $235.15 | $235.2K | Form 4 |
| Sep 2, 2026 | Vellucci VincentDirector | Sale | 393 | $243.61 | $95.7K | Form 4 |
| Aug 12, 2026 | GILBERT PETER EDirector | Sale | 500 | $292.12 | $146.1K | Form 4 |
| Jun 1, 2026 | Kozlovsky SuzanneGlobal Head of People | Sale | 731 | $271.09 | $198.2K | Form 4 |
| Mar 16, 2026 | Lai Kenneth Koon KeungVP of Asia Operations | Sale | 552 | $203.21 | $112.2K | Form 4 |
| Mar 16, 2026 | BERNSTEIN DANIELDirector | Sale | 6,667 | $203.21 | $1.4M | Form 4 |
| Mar 16, 2026 | Dawson StephenPres. - Power Solutions | Sale | 3,444 | $203.21 | $699.9K | Form 4 |
| Mar 16, 2026 | Kozlovsky SuzanneGlobal Head of People | Sale | 214 | $203.21 | $43.5K | Form 4 |
| Mar 6, 2026 | Bittner PeterPres. - Connectivity Solution | Sale | 12,311 | $195.00 | $2.4M | Form 4 |
| Mar 5, 2026 | Bittner PeterPres. - Connectivity Solution | Sale | 10,000 | $209.00 | $2.1M | Form 4 |
| Feb 25, 2026 | Tuweiq Farouq Salem AliPresident and CEO | Sale | 33,967 | $234.00 | $7.9M | Form 4 |
| Feb 24, 2026 | GILBERT PETER EDirector | Sale | 4,500 | $238.75 | $1.1M | Form 4 |
| Dec 12, 2025 | Hutkin LynnChief Financial Officer | Sale | 5,000 | $169.68 | $848.4K | Form 4 |
| Nov 18, 2025 | BERNSTEIN DANIELDirector | Sale | 677 | $141.96 | $96.1K | Form 4 |
| Nov 18, 2025 | Lai Kenneth Koon KeungVP of Asia Operations | Sale | 564 | $141.96 | $80.1K | Form 4 |
| Nov 18, 2025 | Berry JosephVP, Pres of Magnetic Solutions | Sale | 119 | $141.96 | $16.9K | Form 4 |
| Nov 17, 2025 | BERNSTEIN DANIELDirector | Sale | 2,323 | $144.23 | $335.0K | Form 4 |
| Nov 17, 2025 | Lai Kenneth Koon KeungVP of Asia Operations | Sale | 1,936 | $144.23 | $279.2K | Form 4 |
| Nov 17, 2025 | Berry JosephVP, Pres of Magnetic Solutions | Sale | 408 | $144.23 | $58.8K | Form 4 |
| Aug 1, 2025 | Lai Kenneth Koon KeungVP of Asia Operations | Sale | 1,900 | $128.00 | $243.2K | Form 4 |
All 54 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 14, 202660
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 14, 202661
- BarclaysSCHEDULE 13G/A, 2 filings May 14, 2026 to Aug 13, 202662
- Janus Henderson Group Ltd.SCHEDULE 13G/A, 3 filings Feb 17, 2026 to Aug 13, 202663
- FMR LLCSCHEDULE 13G/A, 2 filings Nov 5, 2025 to Aug 6, 202664
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202665
- VANGUARD GROUP INCSCHEDULE 13G/A, 7 filings Feb 9, 2022 to Mar 26, 202666
- PRICE T ROWE ASSOCIATES INC /MD/SCHEDULE 13G, 1 filing Feb 17, 202667
- GAMCO InvestorsSCHEDULE 13D/A, 13 filings Mar 2, 2023 to Jan 28, 202668
- Christopher Finch BennettSCHEDULE 13D/A, 4 filings Nov 10, 2022 to Sep 5, 202569
- JPMorgan ChaseSCHEDULE 13G/A, 2 filings Feb 10, 2025 to Jul 31, 202570
- BROWN ADVISORY INCSC 13G, 1 filing Apr 23, 202471
- Portolan Capital Management, LLCSC 13G/A, 2 filings Mar 10, 2023 to Feb 14, 202472
- BlackRockSC 13G, 1 filing Jan 26, 202473
- TETON WESTWOOD FUNDSSC 13G/A, 3 filings Jan 11, 2022 to Jan 16, 202474
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202375
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Lynn HutkinChief Financial Officer, Treasurer and Secretary | $263.9K | $1.6M76 | |
| 2025 | JosephBerry Former President of Bel Magnetic Solutions | $220.0K | $1.3M76 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How BEL FUSE INC /NJ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBEL FUSE INC /NJ1
- CIK0000729580
- Employer ID (EIN)22-14636995
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inNew Jersey5
- Fiscal year endsDecember 311
- Industry code (SIC)3677 Electronic Coils, Transformers & Other Inductors1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address300 Executive Drive, Suite 300, West Orange, NJ 070521
- Phone20143204631
- Shares outstanding2,115,263 Common Class A shares; 10,541,050 Common Class B shares as of Jan 31, 20265
- Public float$1.2B as of Jun 30, 20255
- AuditorGRANT THORNTON LLP, Iselin, New Jersey PCAOB ID 248; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceFeb 14, 19941
- Filings1,071 in all: 4 (265), 8-K (196), SC 13G/A (125), 10-Q (95), SC 13D/A (68), SC 13G (55), 10-K (32), DEF 14A (32)1
All 39 form types
144 (28), 3 (22), 425 (14), 8-K/A (13), SD (13), SC 13D (12), UPLOAD (11), DEFA14A (10), SCHEDULE 13G/A (9), CORRESP (8), SCHEDULE 13G (8), 4/A (7), DFAN14A (6), SCHEDULE 13D/A (6), S-8 (5), 10-K/A (4), ARS (4), EFFECT (4), S-3 (4), 10-Q/A (3), 424B5 (2), 8-A12G (1), DEFC14A (1), NT 10-K (1), NT 10-Q (1), POSASR (1), PRE 14A (1), PREC14A (1), PRRN14A (1), S-3/A (1), S-3ASR (1)
- Latest filingsAnnual report (10-K) Feb 24, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Apr 10, 2026
Latest 8-K (8-K) Jul 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Common Stock ($0.10 par value) | BELFA | NASDAQ |
| Class B Common Stock ($0.10 par value) | BELFB | NASDAQ |
From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks BEL FUSE INC /NJ names in Item 1A of its 10-K filed Feb 24, 2026: 29 risks under these headings, as written.5
- STRATEGIC RISKS
- We conduct business in a highly competitive industry.
- Our intellectual property rights may not be adequately protected under the current state of the law.
- Our acquisitions may not produce the anticipated results.
- We may not realize the anticipated strategic and revenue opportunities from our November 2024 acquisition of our 80%-owned Enercon subsidiary within the expected time period (if at all), and our business may be disrupted if our intended acquisition of the remaining 20% stake in Enercon is not completed for any reason.
- We are dependent on our ability to develop new products.
- OPERATIONAL RISKS
- We may experience labor unrest.
- We may experience labor shortages.
- A shortage of availability or an increase in the cost of raw materials, components and other resources may adversely impact our ability to procure these items at cost effective prices and thus may negatively impact profit margins. Our access to parts or materials, and our ability to contract with suppliers, may be limited or prohibited from time to time by trade restrictions or other legal or regulatory enactments. Additionally, inflationary pressures could result in higher input costs and materially adversely affect our financial results.
- Demand in Enercon’s end markets can be cyclical, impacting the demand for its products, and Enercon’s business could be materially adversely affected by reductions in defense spending.
- We have substantial manufacturing operations located in the PRC, which exposes us to significant risks that could materially and adversely affect our business, operations, consolidated financial condition and consolidated results of operations.
The other 19 risks
- We may face risks related to conducting business in Israel.
- The loss of certain substantial customers could materially and adversely affect us.
- We may not achieve all of the expected benefits from our restructuring programs.
- Our global operations and demand for our products face risks related to public health crises, including potential future outbreaks, epidemics or pandemics.
- FINANCIAL RISKS
- There are several factors which can cause our margins to suffer.
- Changes in trade policies and tariffs and other factors beyond our control remain uncertain and may materially adversely impact our results. The imposition of new or increased tariffs and trade restrictions, particularly with respect to the PRC and Mexico, may materially adversely affect our business, financial condition, and results of operations.
- Our backlog figures may not be reliable indicators.
- We may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.
- Our level of indebtedness could negatively impact our access to the capital markets and our ability to satisfy financial covenants under our existing Credit Agreement.
- LEGAL, TAX AND REGULATORY RISKS
- We may be sued by third parties for alleged infringement of their proprietary rights and we may incur defense costs and possibly royalty obligations or lose the right to use technology important to our business.
- We are subject to taxation in multiple jurisdictions. As a result, any adverse development in the tax laws of any of these jurisdictions or any disagreement with our tax positions could have a material adverse effect on our business, consolidated financial condition or consolidated results of operations.
- Our results of operations may be materially and adversely impacted by environmental and other regulations.
- We are subject to, and may continue to be subject to, incremental costs, risks, and regulations associated with global environmental and sustainability initiatives. Evolving expectations relating to environmental, social and governance considerations expose us to potential liabilities, increased costs, reputational harm and other adverse effects on our business.
- Expanding and evolving data privacy laws and regulations could impact our business and expose us to increased liability.
- RISKS RELATED TO OUR COMMON STOCK
- As a result of protective provisions in the Company's Restated Certificate of Incorporation, as amended, the voting power of holders of Class A common shares whose voting rights are not suspended (including officers, directors and principal shareholders) may be increased at future meetings of the Company's shareholders.
- Our stock price, like that of many companies, has been and may continue to be volatile.
- GENERAL RISKS
- The global nature of our operations exposes us to numerous risks that could materially adversely affect our consolidated financial condition and consolidated results of operations.
- Cybersecurity risk and the failure to maintain the integrity of our operational or security systems or infrastructure, or those of third parties with which we do business, could have a material adverse effect on our business, consolidated financial condition and consolidated results of operations.
- A loss of the services of the Company's executive officers or other skilled associates could negatively impact our operations and results.
Legal proceedings
The information called for by this Item is incorporated herein by reference to the disclosure captioned "Legal Proceedings" in Note 19, "Commitments and Contingencies."
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 27SEC EDGARRaymond Cheung, VP - Asia Operations
- 28SEC EDGARColin Dunn, VP - Finance
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- 30SEC EDGARJoseph Meccariello, Vice President
- 31SEC EDGARDavid Valletta, Board member
- 32SEC EDGARJacqueline T. Brito, Board member
- 33SEC EDGARRita Smith V., Board member
- 34SEC EDGARThomas E. Dooley, Board member
- 35SEC EDGARVincent Vellucci, Board member
- 36SEC EDGAREric M. Nowling, Board member
- 37SEC EDGARMark B. Segall, Board member
- 38SEC EDGARAvi D. Eden, Board member
- 39SEC EDGARHoward Bernstein, Board member
- 40SEC EDGARRobert H. Simandl, Board member
- 41SEC EDGARJohn F. Tweedy, Board member
- 42SEC EDGARPeter E. Gilbert, Board member
- 43SEC EDGARResults of operations
- 44SEC EDGARExecutive or director change
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- 47SEC EDGAROther events
- 48SEC EDGARResults of operations
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- 50SEC EDGARChange of auditor
- 51SEC EDGARResults of operations
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- 53SEC EDGARChange of auditor
- 54SEC EDGARImpairment; Regulation FD disclosure
- 55NasdaqNasdaq calendar
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- 73SEC EDGARBlackRock SC 13G on BEL FUSE INC /NJ
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