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Envela Corporation, together with its subsidiaries, provides recommerce and recycling services in the United States. It operates in two segments, Consumer and Commercial. The company is involved in the online and brick-and-mortar sale of authenticated high-end luxury goods, including fine jewelry, diamonds and gemstones, luxury watches, and secondary market bullion. It also offers precious metal products. In addition, it provides end-of-life management of IT assets comprising data destruction, asset refurbishment, and remarketing; and detailed asset disposition data services. The company was formerly known as DGSE Companies, Inc. and changed its name to Envela Corporation in December 2019. Envela Corporation was incorporated in 1965 and is headquartered in Irving, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $241M | $21M | $15M | $1M | 21.8% | 33.6% | 116.0% |
| 2024 | $180M | $11M | $7M | $6M | 12.8% | 2.9% | -5.5% |
| 2023 | $175M | $11M | $7M | $4M | 14.8% | -4.1% | -54.4% |
| 2022 | $183M | $16M | $16M | $10M | 36.2% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 182.69 | 175.26 | 180.38 | 241.02 |
| Operating Revenue | - | 182.69 | 175.26 | 180.38 | 241.02 |
| Cost Of Revenue | - | 137.86 | 133.61 | 136.06 | 187.10 |
| Gross Profit | - | 44.83 | 41.66 | 44.32 | 53.92 |
| Operating Expense | - | 30.88 | 32.90 | 36.16 | 35.82 |
| Selling General And Administration | - | 29.43 | 31.54 | 34.61 | 33.95 |
| Total Expenses | - | 168.74 | 166.51 | 172.22 | 222.91 |
| Operating Income | - | 13.94 | 8.76 | 8.16 | 18.11 |
| Total Operating Income As Reported | - | 13.94 | 8.76 | 8.16 | 18.11 |
| EBITDA | - | 16.32 | 10.85 | 10.75 | 21 |
| Normalized EBITDA | - | 16.32 | 10.85 | 10.75 | 21 |
| EBIT | - | 14.86 | 9.48 | 9.20 | 19.13 |
| Interest Expense | - | 0.48 | 0.46 | 0.45 | 0.41 |
| Net Interest Income | - | -0.48 | -0.46 | -0.45 | -0.41 |
| Other Non Operating Income Expenses | - | 0.92 | 0.73 | 1.04 | 1.02 |
| Other Income Expense | - | 0.92 | 0.73 | 1.04 | 1.02 |
| Interest Expense Non Operating | - | 0.48 | 0.46 | 0.45 | 0.41 |
| Net Non Operating Interest Income Expense | - | -0.48 | -0.46 | -0.45 | -0.41 |
| Pretax Income | - | 14.38 | 9.02 | 8.75 | 18.72 |
| Tax Provision | - | -1.31 | 1.87 | 1.99 | 4.13 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 15.69 | 7.15 | 6.76 | 14.60 |
| Net Income From Continuing And Discontinued Operation | - | 15.69 | 7.15 | 6.76 | 14.60 |
| Net Income From Continuing Operation Net Minority Interest | - | 15.69 | 7.15 | 6.76 | 14.60 |
| Net Income | - | 15.69 | 7.15 | 6.76 | 14.60 |
| Net Income Common Stockholders | - | 15.69 | 7.15 | 6.76 | 14.60 |
| Net Income Including Noncontrolling Interests | - | 15.69 | 7.15 | 6.76 | 14.60 |
| Normalized Income | - | 15.69 | 7.15 | 6.76 | 14.60 |
| Diluted NI Availto Com Stockholders | - | 15.69 | 7.15 | 6.76 | 14.60 |
| Basic Average Shares | - | 26.92 | 26.82 | 26.18 | 25.98 |
| Diluted Average Shares | - | 26.94 | 26.84 | 26.18 | 25.98 |
| Reconciled Depreciation | - | 1.45 | 1.36 | 1.55 | 1.87 |
| Reconciled Cost Of Revenue | - | 137.86 | 133.61 | 136.06 | 187.10 |
| Total Unusual Items | 1.67 | 0 | - | - | - |
| Total Unusual Items Excluding Goodwill | 1.67 | 0 | - | - | - |
| Special Income Charges | 1.67 | 0 | - | - | - |
| Other Special Charges | -1.67 | - | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 1.45 | 1.36 | 1.55 | 1.87 |
| Depreciation And Amortization In Income Statement | - | 1.45 | 1.36 | 1.55 | 1.87 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Envela Corporationthis co. | ELA | $644M | 44.13↑ premium | 9.61 | 21.8% | 30.76 |
| Oxford Industries, Inc. | OXM | $675M | - | 1.31 | -5.4% | 35.55 |
| Bally's Corporation | BALY | $663M | - | 0.67 | -57.1% | 53.99 |
| Hovnanian Enterprises, Inc. | HOV | $655M | 10.26 | 0.94 | 9.2% | 9.69 |
| Cannae Holdings, Inc. | CNNE | $635M | -1.24 |
| - |
| - |
| - |
| - |
| 0.62 |
| -50.1% |
| -4.36 |
| First Watch Restaurant Group, Inc. | FWRG | $631M | 32.48 | 1.01 | 3.1% | 15.59 |
| ThredUp Inc. | TDUP | $619M | -30.64 | 10.46 | -34.1% | -119.15 |
| Bloomin' Brands, Inc. | BLMN | $611M | 74.21 | 1.83 | 2.5% | 11.92 |
| Carriage Services, Inc. | CSV | $596M | 11.57 | 2.34 | 20.2% | 9.22 |
| Peer Median | - | 10.91 | 1.16 | -1.5% | 10.81 | |