Filing Flows

Filing Flows › Companies › BEL Fuse › Cash flow

BEL Fuse cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$28.0M in Q3 2026 · $81.1M over twelve months

Operating cash flow$34.2M
Capital spending−$6.1M
Free cash flow+$28.0M
Cash / net income0.9×
Cash conversion cycle152 days

Analysis

In Q3 2026, BEL Fuse generated $34.2M of operating cash flow and spent $6.1M on capital projects, leaving free cash flow of $28.0M. That is $7.7M more than in Q3 2025 ($20.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was $95.5M; the largest uses were net borrowing (+) / repaid (−) ($233M), acquisitions ($16.2M), capital spending ($14.5M); besides operations, cash came from other financing ($443M), asset & business sales ($1.2M); the cash balance rose by $275M.

Operating cash flow was $34.2M against net income of $38.4M — 0.9× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$24.3M, depreciation & amortization +$7.3M, accrued liabilities +$5.8M.

Its cash conversion cycle was 152 days (receivables 65 + inventory 150 − payables 64).

Free cash flow

BEL Fuse: free cash flow by quarterBEL Fuse: free cash flow by quarter$2.1MQ4 2024$5.4MQ1 2025$16.8MQ2 2025$20.3MQ3 2025$26.1MQ4 2025$11.2MQ1 2026$15.7MQ2 2026$28.0MQ3 2026
Operating cash flow less capital spending.
BEL Fuse: operating cash flow against capital spendingBEL Fuse: operating cash flow against capital spendingOperating cash flowCapital spending$8.3M$6.2MQ4 2024$8.1M$2.8MQ1 2025$20.7M$3.9MQ2 2025$22.2M$1.9MQ3 2025$29.6M$3.4MQ4 2025$13.8M$2.6MQ1 2026$17.9M$2.2MQ2 2026$34.2M$6.1MQ3 2026
Latest (Q3 2026): Operating cash flow $34.2M, Capital spending $6.1M.

Capital allocation, year by year

BEL Fuse: where the cash came from (up) and went (down), by fiscal yearBEL Fuse: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $4.6MFY2021: Net borrowing −$4.6MFY2021: Asset sales $7.3MFY2021: Capital spending −$9.4MFY2021: Acquisitions −$16.8MFY2021: Dividends −$3.4M$12.0MFY2021FY2022: Operating cash flow $40.3MFY2022: Net borrowing −$17.9MFY2022: Asset sales $1.8MFY2022: Capital spending −$8.8MFY2022: Buybacks −$349KFY2022: Dividends −$3.4M$42.1MFY2022FY2023: Operating cash flow $108MFY2023: Net borrowing −$35.5MFY2023: Asset sales $11.1MFY2023: Capital spending −$12.1MFY2023: Buybacks −$105KFY2023: Dividends −$3.5M$119MFY2023FY2024: Operating cash flow $74.1MFY2024: Net borrowing $227MFY2024: Asset sales $883KFY2024: Capital spending −$14.1MFY2024: Acquisitions −$320MFY2024: Buybacks −$16.1MFY2024: Dividends −$3.5M$302MFY2024FY2025: Operating cash flow $80.6MFY2025: Net borrowing −$90.4MFY2025: Asset sales $7.8MFY2025: Capital spending −$12.0MFY2025: Dividends −$3.5M$88.4MFY2025
Over these 5 years operating cash flow totalled $308M; the largest uses were acquisitions ($337M) and net borrowing ($148M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$333M
Debt$198M
Net cash$136M

BEL Fuse funds itself: free cash flow was $81.1M over the last twelve months, and $333M of cash and investments stands against $198M of debt.

Where the cash came from and went

BEL Fuse: sources (+) and uses (−) of cash, Q3 2026BEL Fuse: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$34.2MCash drawn (+) / kept (−)−$27.0MCapital spending−$6.1MAsset & business sales$1.2MAcquisitions−$1.0MDividends−$967KPartners−$663KExchange rates$409K
BEL Fuse: sources (+) and uses (−) of cash, TTM to Q3 2026BEL Fuse: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$443MCash drawn (+) / kept (−)−$275MNet borrowing (+) / repaid (−)−$233MOperating cash flow$95.5MAcquisitions−$16.2MCapital spending−$14.5MDividends−$3.6MExchange rates$2.2MAsset & business sales$1.2MOther investing$985K

From profit to cash

BEL Fuse: net income to operating cash flow, Q3 2026BEL Fuse: net income to operating cash flow, Q3 2026Net income$38.4MDepreciation & amortization$7.3MStock-based pay$3.0MDeferred taxes−$774KGains on disposals−$976KOther non-cash−$3.0MReceivables−$508KInventory−$24.3MPayables$4.6MAccrued liabilities$5.8MDeferred revenue−$100KContract assets$1.4MPrepaid and other assets−$1.2MOther liabilities−$46K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20266515064152
Q2 20266013754142
Q1 20266114448157
Q4 20256514446162
Q3 20256414146159
Q2 20256114544162
Q1 20256415746175
Q4 20245814142156

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$34.2M−$6.1M−$1.0M−$967K—−$27.0M$28.0M
Q2 2026$17.9M−$2.2M—−$844K−$204M−$247M$15.7M
Q1 2026$13.8M−$2.6M−$15.2M−$840K$7.0M−$1.6M$11.2M
Q4 2025$29.6M−$3.4M—−$971K−$27.5M−$57K$26.1M
Q3 2025$22.2M−$1.9M—−$834K−$25.0M$1.5M$20.3M
Q2 2025$20.7M−$3.9M—−$831K−$30.0M$6.6M$16.8M
Q1 2025$8.1M−$2.8M—−$829K−$7.5M$2.3M$5.4M
Q4 2024$8.3M−$6.2M—−$966K$228M$66.0M$2.1M

BEL Fuse: income statement and cash flow

BEL Fuse, Q3 2026: revenue $221M (+23% year over year), operating margin 17.9%. The chart follows the revenue to costs, profit and cash.

BEL Fuse: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.