Envela Corp

Listed Company

ELACIK 0000701719NYSENon-AcceleratedSmaller ReportingRetail-Jewelry StoresNevadaFY ends Dec 31

Period

FY 2025

Revenue

$241.02M

Net Income

$14.60M

Total Assets

$96.02M

Equity

$67.06M

Shares Out

25.96M

Op. Cash Flow

$2.58M

Business

Envela Corp provides recycling and recommerce services that extend product lifespans by buying and selling goods in the secondary market and supporting the circular economy. It sells authenticated pre-owned luxury hard assets — including fine jewelry, diamonds, gemstones, luxury watches, and secondary market bullion — and offers electronics recycling, IT asset disposition (ITAD), metal reclamation, data destruction, refurbishment, and remarketing services. The company operates two reportable segments: Consumer (multi-brand retail of luxury hard assets and bullion) and Commercial (electronics recycling, ITAD, and metals recovery, including fee-for-service offerings). It sources and sells primarily within domestic markets through brick-and-mortar stores and online channels, with select IT assets sold wholesale into international markets and B2B distribution and trade-in partnerships.

Summary from filing dated 2025-03-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales	241	180	175	—	—
Cost of goods sold	187	136	134	138	110
Gross margin	54	44	42	45	31
Selling, general and administrative	34	35	32	29	21
Depreciation and amortization	2	2	1	1	—
Total operating expenses	36	36	33	31	—
Operating income	18	8	9	14	9
Other income	1	1	727,782	—	—
Interest expense	−406,642	−447,383	−463,201	—	—
Income before income taxes	19	9	9	14	—
Income tax expense	−4	−2	−2	−1	112,808
Net income	15	7	7	16	10
Net income (in dollar per share)	0.56	0.26	0.27	0.58	0.37
Net income (in dollars per share)	0.56	0.26	0.27	0.58	0.37
Basic (in shares)	26	26	27	27	27
Diluted (in shares)	26	26	27	27	27

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-05-31
Cash and cash equivalents	18	21	18	17	—
Accounts receivable, net of allowances	11	4	8	8	—
Notes receivable	—	2,000	4,700	578,250	—
Inventories	35	26	23	19	—
Prepaid expenses	1	874,203	1	1	—
Other current assets	—	28,839	4,700	35,113	—
Total current assets	65	52	50	46	—
Property and equipment, net	14	14	11	9	—
Right-of-use assets from operating leases	10	5	4	6	—
Goodwill	4	4	4	4	—
Intangible assets, net	3	4	4	—	—
Deferred tax asset	—	49,526	0	1	—
Other assets	244,525	241,437	201,447	186,761	—
Total assets	96	78	73	71	—
Accounts payable	4	3	3	—	—
Notes payable	8	4	1	1	—
Operating lease liabilities	2	2	2	2	—
Accrued expenses	3	3	2	2	—
Other current liabilities	2	455,385	211,651	282,482	—
Total current liabilities	19	13	9	9	—
Deferred tax liability	147,381	—	38,668	—	—
Notes payable, less current portion	2	10	14	—	—
Operating lease liabilities, less current portion	8	3	3	4	—
Total liabilities	29	25	25	28	—
Contingencies (Note 17)	—	—	—	—	—
Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued and outstanding	—	—	—	0	—
Common stock, $0.01 par value; 60,000,000 shares authorized; 26,924,631 shares issued and 25,963,476 shares outstanding as of December 31, 2025; 26,924,631 shares issued and 25,995,701 shares outstanding as of December 31, 2024	269,246	269,246	269,246	269,246	—
Treasury stock at cost, 961,155 and 928,930 shares, as of December 31, 2025 and December 31, 2024, respectively	−5	−5	−2	0	—
Additional paid-in capital	40	40	40	40	216,988
Retained earnings	31	17	10	3	—
Total stockholders' equity	67	53	48	43	—
Total liabilities and stockholders' equity	96	78	73	71	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	15	7	7	16	10
Provision for credit losses	317,680	234,853	300,431	—	—
Deferred taxes	196,907	−88,194	2	—	—
Non-cash lease expense	3	2	2	—	—
Loss on disposal of equipment	5,491	7,084	—	—	—
Accounts receivable	−7	3	−161,815	—	−4
Inventories	−9	−3	−4	−5	−4
Prepaid expenses	−365,280	208,222	149,392	−792,778	−60,996
Other assets	25,751	−64,129	15,728	985,509	−1
Accounts payable	1	50,807	−232,139	—	—
Accrued expenses	−424,340	728,920	199,829	—	—
Operating leases	−2	−2	−2	−2	27,275
Other liabilities	1	243,734	−70,831	—	—
Net cash provided by operations	3	10	6	10	3
Purchase of property and equipment	−1	−3	−2	−272,748	−3
Purchase of intangible assets	−50,631	−298,898	−191,075	—	—
Proceeds from (investment in) notes receivable	2,000	−2,000	578,250	—	—
Proceeds from sales of equipment	650	—	—	—	—
Net cash (used in) investing	−1	−4	−2	−229,339	−5
Payments on notes payable	−4	−1	−1	260,397	61,353
Purchase of treasury stock	−188,908	−2	−2	—	—
Net cash (used in) financing	−4	−4	−3	−3	3
Net change in cash and cash equivalents	−2	3	683,884	7	920,112
Interest	419,571	449,032	463,561	—	—
Income taxes	3	2	197,561	—	86,000
Scottsdale Transaction measurement period adjustment, addition to intangible assets, reduction to goodwill	—	27,500	—	—	—
Scottsdale Transaction measurement period adjustment, addition to property and equipment, reduction to goodwill	—	122,500	—	—	—
Scottsdale Transaction measurement period adjustment, reduction to notes payable, reduction to goodwill	—	150,000	—	—	—

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