Envela Corp ELA
Envela is a leading provider of recommerce and recycling services at the forefront of the circular economy. Motivated by building long-lasting relationships rooted in trust and transparency, Envela's brands address a broad range of sustainability and value-driven initiatives that impact consumers and businesses alike. Our core business lines focus on extending product lifespans by buying and selling goods in the secondary market. The Company is primarily comprised of two key operating and reportable segments: consumer and commercial. The consumer segment focuses on selling authenticated luxury goods, including pre-owned and repurposed fine jewelry, diamonds, gemstones, luxury watches, and secondary-market bullion. At the same time, the commercial segment provides solutions for ITAD and product returns, as well as the de-manufacturing of end-of-life electronic assets, the reclamation of base and precious metals, and other saleable materials. Envela's subsidiaries are trusted partners for those seeking responsible value in the disposition or acquisition of technology, metals, and luxury hard assets, with each reportable segment contributing to decarbonization and value creation in its own unique way.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Consumer segment
- Commercial segment
| Segment | FY2025 | FY2024 |
|---|---|---|
| Consumer segment | $192.7M | $130.5M |
| Commercial segment | $48.3M | $49.9M |
As the company reported it, from the “SEGMENT INFORMATION - Statements of Income (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $241.0M | $180.4M | $175.3M | $182.7M | $141.0M | $113.9M | $82.0M | $54.1M | $62.0M | $48.3M |
| Cost of revenue | $187.1M | $136.1M | $133.6M | $137.9M | $21.7M | $16.3M | $65.8M | $44.4M | $50.7M | $40.0M |
| Gross profit | $53.9M | $44.3M | $41.7M | $44.8M | $31.2M | $23.1M | $16.3M | $9.7M | $11.3M | $8.3M |
| SG&A | $33.9M | $34.6M | $31.5M | $29.4M | $20.8M | $15.6M | $12.5M | $8.7M | $9.0M | $10.3M |
| Total operating expenses | $35.8M | $36.2M | $32.9M | $30.9M | $21.7M | $16.3M | $13.0M | $9.0M | $9.3M | $11.9M |
| Operating income | $18.1M | $8.2M | $8.8M | $13.9M | $9.5M | $6.8M | $3.2M | $651.4K | $2.0M | -$3.6M |
| Interest expense | $406.6K | $447.4K | $463.2K | $483.7K | $704.1K | $620.5K | $415.0K | $149.5K | $199.2K | $364.5K |
| Pre-tax income | $18.7M | $8.7M | $9.0M | $14.4M | $10.2M | $6.5M | $2.9M | $718.4K | $1.8M | -$4.0M |
| Income tax | $4.1M | $2.0M | $1.9M | $1.3M | $112.8K | $89.6K | $95.1K | $60.7K | $1.2K | $47.9K |
| Net income | $14.6M | $6.8M | $7.1M | $15.7M | $10.0M | $6.4M | $2.8M | $657.7K | $1.8M | -$4.0M |
| EPS, basic | 0.56 | 0.26 | 0.27 | 0.58 | 0.37 | 0.24 | 0.10 | 0.02 | 0.07 | -0.30 |
| EPS, diluted | 0.56 | 0.26 | 0.27 | 0.58 | 0.37 | 0.24 | 0.10 | 0.02 | 0.07 | -0.30 |
| Shares, diluted (wtd. avg.) | 26.0M | 26.2M | 26.8M | 26.9M | 26.9M | 26.9M | 26.9M | 27.0M | 27.4M | 13.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.2M | $20.6M | $17.9M | $17.2M | $10.1M | $9.2M | $4.5M | $1.5M | $1.3M | $1.4M |
| Receivables | $11.0M | $4.4M | $7.8M | $7.9M | $7.2M | $2.8M | $3.0M | $94.3K | $767.8K | $245.1K |
| Inventory | $35.1M | $25.7M | $23.1M | $18.8M | $14.0M | $10.0M | $9.5M | $9.8M | $8.6M | $9.4M |
| Total current assets | $65.4M | $51.6M | $49.9M | $45.7M | $34.4M | $23.5M | $18.4M | $11.4M | $10.9M | $11.1M |
| Property, plant and equipment | $13.6M | $13.5M | $10.8M | $9.4M | $9.8M | $6.9M | $1.4M | $1.3M | $1.7M | $1.7M |
| Goodwill | $3.6M | $3.6M | $3.9M | $3.6M | $6.1M | $1.4M | $1.4M | $0 | — | — |
| Other intangibles | $3.4M | $4.1M | $4.5M | $5.0M | $3.0M | $3.0M | $3.4M | $234.3K | — | $0 |
| Total assets | $96.0M | $77.9M | $73.5M | $71.3M | $59.3M | $40.6M | $27.0M | $13.0M | $13.3M | $12.9M |
| Accounts payable | $4.3M | $3.2M | $3.1M | — | — | — | — | — | — | — |
| Short-term debt | $7.8M | $3.6M | $1.4M | — | $2.8M | $2.1M | $1.1M | — | — | $0 |
| Total current liabilities | $18.7M | $12.5M | $9.0M | $8.9M | $9.8M | $6.1M | $4.8M | $4.6M | $5.6M | $7.0M |
| Long-term debt | $2.1M | $9.9M | $13.6M | $14.7M | $16.0M | $13.3M | $8.6M | — | $0 | $1.1K |
| Total liabilities | $29.0M | $25.2M | $25.2M | $28.0M | $31.6M | $23.0M | $15.8M | $4.6M | $5.6M | $7.0M |
| Retained earnings | $31.4M | $16.8M | $10.0M | $2.9M | -$12.8M | -$22.9M | -$29.2M | -$32.0M | -$32.7M | -$34.5M |
| Total equity | $67.1M | $52.7M | $48.3M | $43.3M | $27.6M | $17.6M | $11.2M | $11.2M | $7.8M | $5.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.6M | $10.2M | $5.8M | $10.0M | $2.8M | $6.9M | -$542.8K | $375.2K | $248.3K | $381.6K |
| Depreciation and amortisation | — | — | $1.4M | $1.5M | $926.1K | $728.6K | $520.3K | $286.7K | $320.7K | $403.7K |
| Stock-based compensation | — | — | — | $0 | $0 | $325 | $0 | $0 | $10.7K | $101.8K |
| Capital expenditure | $1.2M | $3.5M | $2.0M | $272.7K | $3.1M | $5.9M | $103.0K | $125.1K | $376.8K | $1.2M |
| Investing cash flow | -$1.2M | -$3.8M | -$1.8M | -$229.3K | -$4.9M | -$8.0M | -$6.0M | -$191.1K | -$376.8K | $1.1M |
| Financing cash flow | -$3.8M | -$3.7M | -$3.4M | -$2.8M | $3.0M | $5.8M | $9.6M | -$2.4K | -$11.3K | -$1.6M |
| Buybacks | $188.9K | $2.4M | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000701719-26-000010.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.3M | $62.0M | $54.1M | $82.0M | $113.9M | $141.0M | $182.7M | $175.3M | $180.4M | $241.0M |
| Gross profit | $8.3M | $11.3M | $9.7M | $16.3M | $23.1M | $31.2M | $44.8M | $41.7M | $44.3M | $53.9M |
| Net income | -$4.0M | $1.8M | $657.7K | $2.8M | $6.4M | $10.0M | $15.7M | $7.1M | $6.8M | $14.6M |
Recent filings and events
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Shareholder vote Item 5.07
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Annual report filed Form 10-K
- Officer or director change Item 5.02
- Shareholder vote Item 5.07
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 5944
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SIG | SIGNET JEWELERS LTD | $4.61B | 16.6x | 1.6% |
| BGI | BIRKS GROUP INC. | — | — | — |