Envela Corp
Business
Envela is a recommerce and recycling company operating two reportable segments: consumer and commercial. The consumer segment buys and sells authenticated pre-owned luxury goods including fine jewelry, diamonds, gemstones, luxury watches, and bullion through retail stores and online channels. The commercial segment provides IT asset disposition (ITAD), electronics recycling, product returns services, and precious-metals reclamation from electronic waste. The company operates domestically and internationally, serving both retail customers and business partners seeking circular-economy solutions.
Summary from 10-K filed 2026-03-18
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Envela Corp's CIK number?
Envela Corp's SEC CIK number is 0000701719 (701719). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Envela Corp's SEC filings?
All of Envela Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Envela Corp last report earnings?
Envela Corp (ELA) most recently filed an earnings 8-K with the SEC on May 4, 2022, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001654954-22-005994). This is Envela Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Envela Corp's most recent earnings 8-K?
Envela Corp's latest earnings 8-K (Item 2.02) was filed May 4, 2022 under accession 0001654954-22-005994. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Envela Corp's latest earnings 8-K →
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