Bel Fuse (BELFA) Research & Development (2019 - 2026)
Bel Fuse (BELFA) posted Research & Development of $8.8 million for Q3 2026, up 16.5% from $7.55 million a year earlier but down 2.3% from the prior quarter.
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Analysis
Bel Fuse (BELFA) Research & Development (2019 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Research & Development at Bel Fuse was $34.33 million, up 15.1% year-over-year; for FY2025, it came in at $30.9 million, up 30.9% from FY2024.
- Annual Research & Development has increased for three consecutive years, with a five-year compound annual growth rate of 5.5% (FY2020 to FY2025).
- In prior years, Bel Fuse's Research & Development was $23.6 million in FY2024 (+4.9%), $22.5 million in FY2023 (+11.2%), $20.24 million in FY2022 (-7.6%) and $21.9 million in FY2021 (-7.2%).
- Quarterly Research & Development has run from a low of $4.66 million in Q2 2022 to a high of $9.01 million in Q2 2026 over five years.
- On a year-over-year basis, Research & Development has increased in each of the last nine quarters, with growth averaging 23.7% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q3 2025, with growth of 38.7%; the weakest was Q3 2022, with a decline of 17.6%.
- According to Business Quant data, Research & Development for the three prior quarters was $9.01 million (Q2 2026), $8.51 million (Q1 2026) and $8.03 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,020.54 Bn | 4,766.00 Bn | 54.82 Bn | 11.73 Bn |
| 2 | Cisco Systems | 371.11 Bn | 307.04 Bn | 11.06 Bn | 2.43 Bn |
| 3 | Arista Networks | 215.34 Bn | 164.54 Bn | 2.33 Bn | 486.90 Mn |
| 4 | Dell Technologies | 212.13 Bn | 167.88 Bn | 9.83 Bn | 1.11 Bn |
| 5 | Sony | 161.14 Bn | 95.68 Bn | 7.96 Bn | - |
| 6 | Sandisk | 122.92 Bn | 107.75 Bn | 9.38 Bn | 384.00 Mn |
| 7 | Seagate Technology Holdings | 105.29 Bn | 100.14 Bn | 2.43 Bn | 200.00 Mn |
| 8 | Western Digital | 96.46 Bn | 86.29 Bn | 2.53 Bn | 283.00 Mn |
| 9 | Hewlett Packard Enterprise | 59.75 Bn | 37.63 Bn | 4.93 Bn | 1.16 Bn |
| 10 | Bel Fuse | 2.36 Bn | 1.61 Bn | 90.28 Mn | 8.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.80 Mn |
| Jun 30, 2026 | 9.01 Mn |
| Mar 31, 2026 | 8.51 Mn |
| Dec 31, 2025 | 8.03 Mn |
| Sep 30, 2025 | 7.55 Mn |
| Jun 30, 2025 | 8.10 Mn |
| Mar 31, 2025 | 7.22 Mn |
| Dec 31, 2024 | 6.95 Mn |
| Sep 30, 2024 | 5.44 Mn |
| Jun 30, 2024 | 5.99 Mn |
| Mar 31, 2024 | 5.22 Mn |
| Dec 31, 2023 | 5.98 Mn |
| Sep 30, 2023 | 5.29 Mn |
| Jun 30, 2023 | 6.01 Mn |
| Mar 31, 2023 | 5.22 Mn |
| Dec 31, 2022 | 5.86 Mn |
| Sep 30, 2022 | 4.88 Mn |
| Jun 30, 2022 | 4.66 Mn |
| Mar 31, 2022 | 5.01 Mn |
| Dec 31, 2021 | 5.60 Mn |
API Access
Bel Fuse Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=BELFA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "BELFA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=BELFA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();