olivLaw · US equity research
Envela Corporation ELA
Retail-Jewelry Stores · SIC 5944 · Vertical: Miscellaneous retail (SIC 594x)
Envela is a North American recommerce and recycling company, with a consumer segment selling luxury hard assets and a commercial segment handling ITAD and electronics de-manufacturing. Fiscal 2025 sales rose 33.6%, while precious metal prices hit record levels in January 2026 before easing.
At the close of 04 Nov 2026, Envela Corporation (ELA) stock was 11.70 USD (+3.82% on the day), with market capitalisation 303.8 m USD, P/E 13.6 on diluted EPS of 0.86 USD over the last 12 months, beta 0.86, 52-week range 9.77–28.88 USD. Latest reported quarter (Q2 2026): revenue of 56.8 m USD (+3.5% YoY), net income of 4.2 m USD (+51.7% YoY), diluted EPS 0.16 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 44.6
- weak (30–45)
- Bollinger (20, 2)
- 10.94 – 12.33
- in the upper half of the band · %B 0.55 · band width 12.0%
- SMA 50 / 200
- 12.54 / 17.30
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.42 / -0.51
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −2.9% | −1.1% | −1.8 pp | — |
| 3 months | −44.8% | −0.5% | −44.4 pp | — |
| 6 months | −39.0% | +4.4% | −43.4 pp | — |
| Year to date | −12.6% | +12.3% | −24.9 pp | — |
| 1 year | +22.8% | +13.5% | +9.2 pp | −34.6% |
| 3 years | +209.5% | +76.4% | +133.1 pp | +13.5% |
| 5 years | +160.0% | +63.7% | +96.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46.9 m | 48.3 m | 48.3 m | 54.9 m | 57.4 m | 80.5 m | 98.4 m | 56.8 m |
| Cost of revenue | 35.4 m | 37.2 m | 36.3 m | 42.5 m | 44.3 m | 64.0 m | 77.8 m | 43.4 m |
| Gross profit | 11.5 m | 11.1 m | 12.0 m | 12.4 m | 13.1 m | 16.5 m | 20.6 m | 13.4 m |
| SG&A | 9.0 m | 8.8 m | 8.4 m | 8.7 m | 8.4 m | 8.5 m | 8.9 m | 7.8 m |
| Operating income | 2.0 m | 1.9 m | 3.1 m | 3.3 m | 4.2 m | 7.5 m | 11.2 m | 5.1 m |
| Depreciation & amortisation | 414.8 k | 431.2 k | 445.3 k | 460.4 k | 472.5 k | 488.3 k | 486.0 k | 497.3 k |
| Interest expense | 106.1 k | 111.2 k | 106.3 k | 106.2 k | 105.8 k | 88.3 k | 78.8 k | 78.6 k |
| Pre-tax income | 2.3 m | 2.0 m | 3.2 m | 3.5 m | 4.3 m | 7.6 m | 11.3 m | 5.3 m |
| Income tax | 569.6 k | 411.0 k | 724.4 k | 791.1 k | 972.5 k | 1.6 m | 2.5 m | 1.2 m |
| Net income | 1.7 m | 1.6 m | 2.5 m | 2.8 m | 3.4 m | 6.0 m | 8.8 m | 4.2 m |
| Diluted EPS | 0.06 | 0.06 ≈ | 0.10 | 0.11 | 0.13 | 0.23 ≈ | 0.34 | 0.16 |
| Operating cash flow | 3.4 m ≈ | 3.7 m | 1.1 m | 2.6 m ≈ | 2.4 m ≈ | -3.5 m | 21.2 m | 5.9 m ≈ |
| Capex | 2.0 m | 504.5 k | 384.4 k | 497.2 k | 206.0 k | 163.0 k | 567.9 k | 962.8 k ≈ |
| Share repurchases | 728.5 k | 64.8 k | 2.6 k | 118.7 k | 67.6 k | 0 | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 31 percentile of its own 35-quarter history (min 9.1, median 18.8, max 47.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54.1 m | 82.0 m | 113.9 m | 141.0 m | 182.7 m | 175.3 m | 180.4 m | 241.0 m |
| Revenue YoY | −12.8% | +51.7% | +38.9% | +23.7% | +29.6% | −4.1% | +2.9% | +33.6% |
| Net income | 657.7 k | 2.8 m | 6.4 m | 10.0 m | 15.7 m | 7.1 m | 6.8 m | 14.6 m |
| Net income YoY | −64.2% | +322.8% | +129.6% | +57.4% | +56.1% | −54.4% | −5.5% | +116.0% |
| Diluted EPS | 0.02 | 0.10 | 0.24 | 0.37 | 0.58 | 0.27 | 0.26 | 0.56 |
| Diluted EPS YoY | −71.4% | +400.0% | +140.0% | +54.2% | +56.8% | −53.4% | −3.7% | +115.4% |
| net % | 1.2% | 3.4% | 5.6% | 7.1% | 8.6% | 4.1% | 3.7% | 6.1% |
| Free cash flow | 250.1 k | -645.8 k | 1.0 m | -333.7 k | 9.7 m | 3.8 m | 6.7 m | 1.4 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 18.2 m USD
- Financial debt
- 9.9 m USD
- Net debt
- -8.2 m USD
- Equity
- 67.1 m USD
- Total assets
- 96.0 m USD
- Debt / equity
- 0.15x
- Current ratio
- 3.50x
- ROE
- 24.4%
- ROA
- 16.8%
- FCF margin
- 0.6%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 113.9 m | 141.0 m | 182.7 m | 175.3 m | 180.4 m | 241.0 m | SEC (XBRL)· 18 Mar 2026verified |
| Cost of revenue | 16.3 m | 21.7 m | 30.9 m | 133.6 m | 136.1 m | 187.1 m | SEC (XBRL)· 18 Mar 2026verified |
| Gross profit | 23.1 m | 31.2 m | 44.8 m | 41.7 m | 44.3 m | 53.9 m | SEC (XBRL)· 18 Mar 2026verified |
| SG&A | 15.6 m | 20.8 m | 29.4 m | 31.5 m | 34.6 m | 33.9 m | SEC (XBRL)· 18 Mar 2026verified |
| Operating income | 6.8 m | 9.5 m | 13.9 m | 8.8 m | 8.2 m | 18.1 m | SEC (XBRL)· 18 Mar 2026verified |
| Depreciation & amortisation | 728.6 k | 926.1 k | 1.5 m | 1.4 m | 1.6 m | 1.9 m | SEC (XBRL)· 18 Mar 2026verified |
| EBITDA | 7.5 m ≈ | 10.4 m ≈ | 15.4 m ≈ | 10.1 m ≈ | 9.7 m ≈ | 20.0 m ≈ | SEC (XBRL)· 18 Mar 2026derived |
| Interest expense | 620.5 k | 704.1 k | 483.7 k | 463.2 k | 447.4 k | 406.6 k | SEC (XBRL)· 18 Mar 2026verified |
| Pre-tax income | 6.5 m | 10.2 m | 14.4 m | 9.0 m | 8.7 m | 18.7 m | SEC (XBRL)· 18 Mar 2026verified |
| Income tax | 89.6 k | 112.8 k | -1.3 m | 1.9 m | 2.0 m | 4.1 m | SEC (XBRL)· 18 Mar 2026verified |
| Net income | 6.4 m | 10.0 m | 15.7 m | 7.1 m | 6.8 m | 14.6 m | SEC (XBRL)· 18 Mar 2026verified |
| Diluted EPS | 0.24 | 0.37 | 0.58 | 0.27 | 0.26 | 0.56 | SEC (XBRL)· 18 Mar 2026verified |
| Weighted average diluted shares | 26.9 m | 26.9 m | 26.9 m | 26.8 m | 26.2 m | 26.0 m | SEC (XBRL)· 18 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 9.2 m | 10.1 m | 17.2 m | 17.9 m | 20.6 m | 18.2 m | SEC (XBRL)· 18 Mar 2026verified |
| Receivables | 2.8 m | 7.2 m | 7.9 m | 7.8 m | 4.4 m | 11.0 m | SEC (XBRL)· 18 Mar 2026verified |
| Inventories | 10.0 m | 14.0 m | 18.8 m | 23.1 m | 25.7 m | 35.1 m | SEC (XBRL)· 18 Mar 2026verified |
| Current assets | 23.5 m | 34.4 m | 45.7 m | 49.9 m | 51.6 m | 65.4 m | SEC (XBRL)· 18 Mar 2026verified |
| Property, plant & equipment, net | 6.9 m | 9.8 m | 9.4 m | 10.8 m | 13.5 m | 13.6 m | SEC (XBRL)· 18 Mar 2026verified |
| Goodwill | 1.4 m | 6.1 m | 3.6 m | 3.9 m | 3.6 m | 3.6 m | SEC (XBRL)· 18 Mar 2026verified |
| Intangibles (excl. goodwill) | 3.0 m | 3.0 m | 5.0 m | 4.5 m | 4.1 m | 3.4 m | SEC (XBRL)· 18 Mar 2026verified |
| Total assets | 40.6 m | 59.3 m | 71.3 m | 73.5 m | 77.9 m | 96.0 m | SEC (XBRL)· 18 Mar 2026verified |
| Accounts payable | — | — | — | 3.1 m | 3.2 m | 4.3 m | SEC (XBRL)· 18 Mar 2026verified |
| Short-term debt | 2.1 m | 2.8 m | — | 1.4 m | 3.6 m | 7.8 m | SEC (XBRL)· 18 Mar 2026verified |
| Long-term debt | 13.3 m | 16.0 m | 14.7 m | 13.6 m | 9.9 m | 2.1 m | SEC (XBRL)· 18 Mar 2026verified |
| Current liabilities | 6.1 m | 9.8 m | 8.9 m | 9.0 m | 12.5 m | 18.7 m | SEC (XBRL)· 18 Mar 2026verified |
| Total liabilities | 23.0 m | 31.6 m | 28.0 m | 25.2 m | 25.2 m | 29.0 m | SEC (XBRL)· 18 Mar 2026verified |
| Equity | 17.6 m † | 27.6 m † | 43.3 m † | 48.3 m † | 52.7 m † | 67.1 m † | SEC (XBRL)· 18 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 6.9 m | 2.8 m | 10.0 m | 5.8 m | 10.2 m | 2.6 m | SEC (XBRL)· 18 Mar 2026verified |
| Capex | 5.9 m | 3.1 m | 272.7 k | 2.0 m | 3.5 m | 1.2 m | SEC (XBRL)· 18 Mar 2026verified |
| Free cash flow | 1.0 m ≈ | -333.7 k ≈ | 9.7 m ≈ | 3.8 m ≈ | 6.7 m ≈ | 1.4 m ≈ | SEC (XBRL)· 18 Mar 2026derived |
| Investing cash flow | -8.0 m | -4.9 m | -229.3 k | -1.8 m | -3.8 m | -1.2 m | SEC (XBRL)· 18 Mar 2026verified |
| Financing cash flow | 5.8 m | 3.0 m | -2.8 m | -3.4 m | -3.7 m | -3.8 m | SEC (XBRL)· 18 Mar 2026verified |
| Share repurchases | — | — | — | — | 2.4 m | 188.9 k | SEC (XBRL)· 18 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 71 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 303.8 m USD
Key indicators
Coverage and freshness
Score by group
- Valuation66
- Balance sheet100
- Quality93
- Growth40
- Returns1
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 7.48 – 23.96 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)15.32 – 22.82 (Mid 18.23)WACC 9.2% · starting FCFF 24.3 m USD · terminal value share of EV 74%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -11.0%
- Peers: EV/EBITDA9.30 – 23.96 (Mid 10.24)3 companies used · median multiple 7.7x · quartiles 6.9x – 19.6xASO, BNED, SPWH
- Peers: P/E7.48 – 13.42 (Mid 11.22)6 companies used · median multiple 13.0x · quartiles 8.7x – 15.6xASO, BBW, BNED, DKS, HERE, SIG
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 71/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 46.5% | 100 (on a fixed band) | 11% |
| Net margin · Quality | 7.6% | 75 (vs peers) | 7% |
| FCF conversion · Quality | 107.5% | 100 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | 9.7% | 81 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | -1.2% | 0 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | -1.1x | 100 (on a fixed band) | 11% |
| Interest coverage · Balance sheet | 79.8x | 100 (on a fixed band) | 7% |
| Current ratio · Balance sheet | 4.2x | 100 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 13.6x | 50 (vs peers) | 11% |
| EV/EBITDA · Valuation | 9.0x | 55 (on a fixed band) | 11% |
| FCF yield · Valuation | 7.9% | 99 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | 0.1% | 1 (on a fixed band) | 7% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet100/100 · 3/3 factors with a value
- Growth40/100 · 2/2 factors with a value
- Quality93/100 · 3/3 factors with a value
- Returns· partial1/100 · 1/2 factors with a value
- Valuation66/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ENVELA CORPORATION (ELA). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 241.0 m USD in 2025; YoY growth 33.6%; net margin 7.6%; ROE 32.4%; net debt/EBITDA -1.1x.
The estimated value range is 9.30–22.82 USD per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 11.22 USD, the price of 11.70 USD leaves a potential of -4.1% (value / price − 1) and a margin of safety of -4.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 71/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 46.5%
- Net margin: 7.6%
- FCF conversion: 107.5%
- Revenue CAGR 3Y: 9.7%
- Net debt / EBITDA: -1.1x
- Interest coverage: 79.8x
- Current ratio: 4.2x
- FCF yield: 7.9%
What contradicts it
- EPS CAGR 3Y: -1.2%
- Shareholder yield (distributions): 0.1%
Not assessed (insufficient data or a ratio without meaning): Payout ratio (FCF).
Versus the vertical median
Miscellaneous retail (SIC 594x) · same industry group (3-digit SIC) · compared with 8 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SIGSignet Jewelers Limited | 4.9 bn | 14.8 | 19.9% | 5.2% | +1.6% | +28% / +56% |
| ASOAcademy Sports and Outdoors, Inc. | 4.2 bn | 11.3 | 18.6% | 6.4% | +2.0% | +40% / +33% |
| BNEDBarnes & Noble Education, Inc. | 457.9 m | 20.6 | 8.3% | 1.3% | +6.5% | +41% / −88% |
| BBWBuild-A-Bear Workshop Inc | 388.6 m | 7.8 | 32.8% | 10.0% | +6.7% | −41% / +29% |
| ELAEnvela Corporation | 303.8 m | 13.6 | 32.4% | 7.6% | +33.6% | +23% / +210% |
| HEREHere Group Limited | 72.2 m | 7.7 | 9.1% | 10.6% | −76.9% | −70% / −22% |
| PEWGrabAGun Digital Holdings Inc. | 59.9 m | — | -13.7% | -7.0% | +3.6% | −42% / unavailable |
| SPWHSportsman’s Warehouse Holdings, Inc. | 45.4 m | — | -25.8% | -3.9% | +1.0% | −48% / −76% |
| DKSDICK'S Sporting Goods, Inc. | — | 15.9 | 18.5% | 4.0% | +28.1% | −29% / +13% |
1- and 3-year price returns: for ELA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 7.28 Total return -38% · Per year -38% | 12.84 Total return 10% · Per year 10% | 19.30 Total return 65% · Per year 65% |
| 3 years | 7.82 Total return -33% · Per year -13% | 15.45 Total return 32% · Per year 10% | 25.38 Total return 117% · Per year 29% |
| 5 years | 8.40 Total return -28% · Per year -6% | 18.58 Total return 59% · Per year 10% | 33.38 Total return 185% · Per year 23% |
- Exit P/E± 3.86
- Net margin± 2.70
- Annual revenue growth± 2.11
- Annual dilution± 0.23
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Envela is a North American recommerce and recycling company, with a consumer segment selling luxury hard assets and a commercial segment handling ITAD and electronics de-manufacturing. Fiscal 2025 sales rose 33.6% 1, while precious metal prices hit record levels in January 2026 before easing 2.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Precious metal volatilityhigh
Gold and silver prices can swing sharply, affecting margins and inventory values 1.
- Shareholder concentrationhigh
A major shareholder controls a significant share of votes, which can influence elections and takeover attempts 1.
- Refiner collection delaysmedium
Industry backlogs can delay conversion of receivables into cash and strain working capital 2.
- Lab-grown and counterfeit competitionmedium
Growing acceptance of lab-grown diamonds and counterfeits could reduce market share 1.
- Seasonality and weatherlow
Sales concentrated in holiday periods can be disrupted by weather and falling consumer confidence 1.
Investment thesis
What would need to be true (bull case)
- Consumer segment growth and the shift toward fee-for-service revenue show the company's ability to grow through volatile periods 1.
- The recommerce and circular-economy model fits consumer preferences for sustainable products 1.
- Accelerated depreciation could lower the tax burden in coming years if the company keeps acquiring qualifying assets 2.
What would break the thesis
What to watch
- Gross margin trend in the consumer segment if metal prices stay volatileQ3 2026
- Collection of refiner receivables and the level of working capitalQ3 2026
- Number of new stores and performance of recently opened locations2027
- Effect of tariffs on equipment costs in the commercial segmentnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Envela Corporation is a holding company that runs its operations through subsidiaries in recommerce and recycling 1. The consumer segment sells fine jewelry, diamonds, gemstones, luxury watches and secondary-market bullion, while the commercial segment offers ITAD, product returns and de-manufacturing of end-of-life electronics 1. Consolidated sales in fiscal 2025 were 241 million USD 1.
The company plans to expand its U.S. store network and to develop complementary offerings for stores and its online business 1. The commercial segment pursues organic growth and acquisitions, with processing facilities able to absorb expanded relationships 1. The model emphasizes product authentication, transparency and the circular economy 1.
Ownership is concentrated among a few shareholders, which shapes major corporate decisions 1. The company's history dates to 1965, and fiscal 2025 marked 60 years of continuous operations 1.
Segments
Market context
The fine jewelry resale market is fragmented, and competition comes from specialty jewelers, department stores, online retailers and recommerce platforms 1. Demand for safe-haven metals and for silver used in battery storage and data centers are relevant drivers 1.
The electronics recycling market is supported by short product launch cycles and rising return rates in online commerce 1. Large diversified recyclers and ITAD-focused firms are the main competitors for inbound material 1.
Trends
- Precious metal pricesmixed
Prices reached record levels in late January 2026 and declined meaningfully in the second quarter of fiscal 2026 2. High prices may dampen jewelry demand, while declines may reduce customer selling activity 2.
- Delayed refiner paymentsheadwind
Strong demand for precious metals has created industry backlogs and slower payments from refiners 2. The company collected a receivable from a refining customer during the first half of fiscal 2026, easing working capital pressure 2.
- Tariff effectsmixed
Tariffs may raise costs for imported electronics, although gold and silver were excluded from Section 232 tariffs 1. The company adjusts inventory and sales channels to preserve margins 2.
- Accelerated depreciation rulestailwind
The One Big Beautiful Bill Act allows full immediate deduction of qualifying assets placed in service 2. The company intends to use bonus depreciation, which could reduce taxable income in future periods 1.
Competitive position
In the consumer segment the company competes with specialty jewelers and online platforms, and customers can easily compare prices 1. Many competitors are larger and have greater financial and marketing resources 1.
In the commercial segment, competition for inbound material comes from large diversified recyclers and ITAD-specific firms 1. Differentiation rests on a full suite of services and transparent processes 1.
- Large diversified recyclers
Compete for inbound material in the commercial segment, per source 1.
- ITAD-specific firms
Compete for retired IT assets and for inbound procurement 1.
- Specialty jewelers and department stores
Compete for jewelry and watch purchases in the consumer segment 1.
- Online recommerce platforms
Compete in the resale of pre-owned luxury goods and in asset acquisition 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report05 Aug 2026
- Current report25 Jun 2026Shareholder vote
- Quarterly report06 May 2026
- Proxy statement27 Apr 2026
- Current report10 Apr 2026Other events
- Annual report18 Mar 2026
- Quarterly report05 Nov 2025
- Quarterly report06 Aug 2025
- Current report17 Jul 2025Departure or appointment of officers
- Current report01 Jul 2025Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Envela Corporation · 18 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Envela Corporation · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Envela Corporation · 04 May 2022
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.