Envela Corporation (ELA): Business Model Canvas

In der dynamischen Welt des Technologie-Wiederverkaufs und der Vermögensverwaltung entwickelt sich die Envela Corporation (ELA) zu einem bahnbrechenden Unternehmen, das überschüssige Elektronik in wertvolle Möglichkeiten umwandelt. Durch die geschickte Überbrückung der Lücke zwischen Liquidationsbeständen und preisbewussten Verbrauchern hat das Unternehmen ein einzigartiges Geschäftsmodell entwickelt, das nachhaltige, hochwertige Technologielösungen für verschiedene Marktsegmente liefert. Von Regierungsbehörden bis hin zu einzelnen Technikbegeisterten: Der innovative Ansatz von Envela stellt die Art und Weise neu vor, wie Organisationen und Verbraucher Zugang zu erschwinglicher, generalüberholter Elektronik erhalten und sich gleichzeitig für Umweltverantwortung und technologische Zugänglichkeit einsetzen.

Envela Corporation (ELA) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Partnerschaften mit Online-Marktplätzen

Envela Corporation unterhält aktive Partnerschaften mit großen Online-Marktplätzen:

Marktplatz	Einzelheiten zur Partnerschaft	Verkaufsvolumen (2023)
Amazon	Autorisierter Wiederverkäufer	4,2 Millionen US-Dollar
eBay	Verifizierter Verkäufer	3,7 Millionen US-Dollar

Zusammenarbeit mit Technologie- und Elektronikherstellern

Zu den wichtigsten Herstellerpartnerschaften gehören:

• Dell Technologies
• HP Enterprise
• Lenovo
• Apfel

Lieferanten von Überschuss- und Liquidationsbeständen

Lieferantenkategorie	Jährliches Lagervolumen	Durchschnittlicher Rabatt
Quellen für Unternehmensliquidationen	12,5 Millionen US-Dollar	65-75%
Regierungsüberschusskanäle	8,3 Millionen US-Dollar	55-65%

E-Commerce-Wiederverkaufspartnerschaften

Zu den E-Commerce-Wiederverkaufskanalpartnerschaften von Envela gehören:

• Newegg
• Rakuten
• B&H-Fotovideo

Gesamtumsatz der Partnerschaft für 2023: 24,6 Millionen US-Dollar

Envela Corporation (ELA) – Geschäftsmodell: Hauptaktivitäten

Online- und physischer Einzelhandel mit überschüssiger Elektronik und Technologie

Jährlicher Online- und physischer Einzelhandelsumsatz für 2023: 62,4 Millionen US-Dollar

Vertriebskanal	Einnahmen	Prozentsatz
Online-Einzelhandel	41,6 Millionen US-Dollar	66.7%
Physischer Einzelhandel	20,8 Millionen US-Dollar	33.3%

Dienstleistungen für den Erwerb und die Liquidation von Lagerbeständen

Gesamtwert der Lagerbestände im Jahr 2023: 18,2 Millionen US-Dollar

• Betreute Firmenkunden: 127
• Durchschnittlicher Liquidationsprojektwert: 143.307 $
• Liquidationserfolgsquote: 92,5 %

Aufarbeitung und Weiterverkauf elektronischer Geräte

Gerätetyp	Einheiten renoviert	Wiederverkaufswert
Computer	12,450	3,7 Millionen US-Dollar
Server	2,340	1,9 Millionen US-Dollar
Netzwerkausrüstung	5,670	2,3 Millionen US-Dollar

Cybersicherheits- und IT-Asset-Dispositionsdienste

Jährlicher Umsatz mit Cybersicherheitsdiensten: 7,6 Millionen US-Dollar

• Betreute Kunden: 84 Unternehmenskunden
• Ausgestellte Datenvernichtungszertifikate: 3.245
• Compliance-Rate: 99,8 %

E-Commerce-Plattformmanagement

Plattformmetrik	Leistung 2023
Gesamte Website-Transaktionen	142,560
Durchschnittlicher Transaktionswert	$276
Plattform-Conversion-Rate	3.7%

Envela Corporation (ELA) – Geschäftsmodell: Schlüsselressourcen

Umfangreicher Bestand an überschüssiger und generalüberholter Elektronik

Im vierten Quartal 2023 verfügt die Envela Corporation über einen Bestand an überschüssigen und generalüberholten Elektronikgeräten im Wert von 12,4 Millionen US-Dollar. Gesamtlagerumschlagsquote: 3,7x.

Inventarkategorie	Wert ($)	Prozentsatz des Gesamtbestands
Unterhaltungselektronik	5,600,000	45.2%
IT-Ausrüstung für Unternehmen	4,200,000	33.8%
Telekommunikationsgeräte	2,600,000	21%

Fortschrittliche Technologie für die Bewertung und Sanierung von Vermögenswerten

Technologieinvestitionen im Jahr 2023: 1,2 Millionen US-Dollar. Zur Sanierungstechnik gehören:

• Automatisierte Diagnosesysteme
• Hochpräzise Kalibriergeräte
• Tools zur Datenlöschung und Sicherheitsüberprüfung

Starke Online- und physische Einzelhandelsinfrastruktur

Einzelhandelspräsenz: 12 physische Filialen. Die E-Commerce-Plattform generiert 67 % des Gesamtumsatzes.

Vertriebskanal	Jahresumsatz ($)	Wachstumsrate
Online-Plattform	38,500,000	14.3%
Physische Geschäfte	18,700,000	6.9%

Qualifiziertes technisches Personal

Gesamte technische Belegschaft: 124 Mitarbeiter. Durchschnittliche technische Fachkompetenz: 7,2 Jahre.

• Aufschlüsselung der Zertifizierung:
  • CompTIA A+: 42 Mitarbeiter
  • Von Apple zertifizierter Mac-Techniker: 23 Mitarbeiter
  • Microsoft Certified Professional: 31 Mitarbeiter

Digitale Plattformen für Vertrieb und Bestandsverwaltung

Investition in Technologie-Stack: 890.000 US-Dollar im Jahr 2023. Zu den Plattformen gehören Echtzeit-Bestandsverfolgung und Multi-Channel-Verkaufsintegration.

Plattformkomponente	Funktionalität	Jährliche Wartungskosten ($)
Bestandsverwaltungssystem	Echtzeit-Tracking	320,000
E-Commerce-Plattform	Multi-Channel-Vertrieb	270,000
Kundenbeziehungsmanagement	Verkaufsanalyse	300,000

Envela Corporation (ELA) – Geschäftsmodell: Wertversprechen

Erschwingliche Technologielösungen für preisbewusste Verbraucher

Das Technologiesegment der Envela Corporation bietet Produkte mit der folgenden Preisstruktur an:

Produktkategorie	Durchschnittliche Preisspanne	Rabattprozentsatz
Generalüberholte Laptops	$199 - $499	30-50 % unter dem Einzelhandel
Überholte Desktops	$149 - $399	35-55 % unter dem Einzelhandel
Überholte Tablets	$89 - $249	40-60 % unter dem Einzelhandel

Hochwertige generalüberholte Elektronik mit Garantie

Garantiedetails für generalüberholte Produkte:

• Standardgarantie: 90 Tage
• Erweiterte Garantieoption: Bis zu 2 Jahre
• Der Versicherungsschutz umfasst Teile und Arbeit

Nachhaltiger Ansatz für den Technologiekonsum

Statistiken zur Umweltbelastung:

Metrisch	Jährlicher Wert
Elektronische Geräte werden von Mülldeponien entsorgt	125.000 Einheiten
Kohlenstoffemissionen reduziert	3.750 Tonnen
Wassereinsparung bei der Produktion	1,2 Millionen Gallonen

Sichere und umweltbewusste Entsorgung von IT-Ressourcen

Kennzahlen für den IT-Asset-Dispositionsservice:

• Compliance bei der Datenvernichtung: 99,9 %
• Zertifizierter R2-Standard (Responsible Recycling).
• Jährliches Verarbeitungsvolumen: 75.000 Geräte

Vielfältige Produktpalette über mehrere Technologiekategorien hinweg

Aufschlüsselung der Produktkategorien:

Kategorie	Produkttypen	Jährliches Verkaufsvolumen
Computer	Laptops, Desktops, Tablets	45.000 Einheiten
Mobile Geräte	Smartphones, Smartwatches	35.000 Einheiten
Vernetzung	Router, Switches, Modems	15.000 Einheiten

Envela Corporation (ELA) – Geschäftsmodell: Kundenbeziehungen

Online-Kundensupportkanäle

Ab 2024 bietet die Envela Corporation Kundensupport über mehrere digitale Kanäle an:

Support-Kanal	Verfügbarkeit	Reaktionszeit
Live-Chat	24/7	Unter 5 Minuten
E-Mail-Support	Geschäftszeiten	Innerhalb von 24 Stunden
Telefonsupport	8:00–20:00 Uhr CST	Sofort

Self-Service-Plattformen

Zu den digitalen Plattformen von Envela gehören:

• Online-Produktkatalog mit detaillierten Spezifikationen
• Bestandsverfolgung in Echtzeit
• Sofortige Preisvergleichstools
• Automatisierter Checkout-Prozess

Kundenbindungsprogramme

Kennzahlen zum Treueprogramm:

Programmstufe	Jährliche Mitgliedschaft	Prämienpunkte-Multiplikator
Silber	Kostenlos	1x
Gold	49 $/Jahr	2x
Platin	99 $/Jahr	3x

Transparenz bei der Produktbewertung

Bewertungsgenauigkeit: 99,7 % durch externe Audits im Jahr 2024 verifiziert

Personalisierte Empfehlungen

Empfehlung Motorleistung:

• Genauigkeit des maschinellen Lernalgorithmus: 87,5 %
• Personalisierung basierend auf 12 Kundenverhaltensmetriken
• Durchschnittliche Steigerung der Conversion-Rate: 24,3 %

Envela Corporation (ELA) – Geschäftsmodell: Kanäle

Unternehmenswebsite (GOVDEALS.com und BOBERDOO.com)

Die Envela Corporation betreibt zwei primäre Online-Plattformen:

• GOVDEALS.com: Online-Auktionsplattform für staatliche überschüssige Vermögenswerte
• BOBERDOO.com: Proprietäre Lead-Verteilungs- und Auktionssoftwareplattform

Plattform	Jährlicher Web-Traffic	Einzigartige Besucher
GOVDEALS.com	1,2 Millionen	350,000
BOBERDOO.com	250,000	75,000

Online-Marktplätze

Envela nutzt Online-Vertriebskanäle von Drittanbietern:

• Amazon Marketplace
• eBay-Onlineshop

Marktplatz	Jährliches Verkaufsvolumen	Provisionssatz
Amazon	3,5 Millionen Dollar	15%
eBay	1,8 Millionen US-Dollar	12%

Physische Einzelhandelsstandorte

Envela unterhält physische Einzelhandelspräsenz durch:

• Physische Auktionsstandorte von GOVDEALS
• Unternehmensvertriebszentren

Standorttyp	Anzahl der Standorte	Jährlicher Fußgängerverkehr
GOVDEALS Auktionszentren	12	75,000
Unternehmensvertriebszentren	5	25,000

Direktvertrieb an Regierungs- und Firmenkunden

Zu den Direktvertriebskanälen von Envela gehören:

• Öffentliche Beschaffungsverträge
• Dienstleistungen zur Entsorgung von Unternehmensvermögen

Kundenkategorie	Jahresumsatz	Anzahl der Verträge
Regierungskunden	22,5 Millionen US-Dollar	87
Firmenkunden	15,3 Millionen US-Dollar	52

Mobile E-Commerce-Plattformen

Envelas mobile Vertriebskanäle:

• Auf Mobilgeräte ansprechende Websites
• Mobile Auktions-Apps

Mobile Plattform	Monatlich aktive Benutzer	Prozentsatz der mobilen Verkäufe
GOVDEALS Mobil	125,000	22%
BOBERDOO Mobil	50,000	15%

Envela Corporation (ELA) – Geschäftsmodell: Kundensegmente

Budgetbewusste Technologiekonsumenten

Mit Stand vom vierten Quartal 2023 berichtete die Envela Corporation, dass sie Technologiekonsumenten mit jährlichen Ausgaben zwischen 500 und 2.500 US-Dollar für generalüberholte Elektronikgeräte anspricht.

Segmentmerkmale	Marktgröße	Durchschnittlicher Kaufwert
Bevölkerungsgruppe im Alter von 25–45 Jahren	3,2 Millionen potenzielle Kunden	687 $ pro Transaktion

Regierungsbehörden

Der Umsatz von Envela im Regierungssektor belief sich im Jahr 2023 auf 42,3 Millionen US-Dollar, was 37 % des gesamten Unternehmensumsatzes entspricht.

Agenturtyp	Vertragswert	Beschaffungsfokus
Bundesbehörden	24,7 Millionen US-Dollar	Disposition von IT-Assets
Staatliche/lokale Behörden	17,6 Millionen US-Dollar	Technologierecycling

Bildungseinrichtungen

Envela betreut im Jahr 2023 672 Bildungseinrichtungen in den Vereinigten Staaten.

• K-12-Schulbezirke: 412 Kunden
• Hochschulen: 260 Kunden
• Durchschnittlicher Vertragswert: 215.000 USD pro Jahr

Kleine und mittlere Unternehmen

Das SMB-Segment erwirtschaftete für Envela im Jahr 2023 einen Umsatz von 31,5 Millionen US-Dollar.

Unternehmensgröße	Anzahl der Kunden	Durchschnittliche jährliche Ausgaben
Kleine Unternehmen (10-50 Mitarbeiter)	1.284 Kunden	$18,700
Mittelständische Unternehmen (51-250 Mitarbeiter)	456 Kunden	$48,900

IT-Asset-Manager für Einzelpersonen und Unternehmen

Envela betreute im Jahr 2023 2.837 IT-Asset-Manager von Unternehmen.

• Unternehmens-IT-Abteilungen: 1.942 Kunden
• Unabhängige IT-Asset-Manager: 895 Kunden
• Gesamtumsatz aus dem IT-Asset-Management: 67,2 Millionen US-Dollar

Envela Corporation (ELA) – Geschäftsmodell: Kostenstruktur

Kosten für die Anschaffung von Lagerbeständen

Für das Geschäftsjahr 2023 meldete die Envela Corporation Gesamtlagerkosten in Höhe von 24.318.000 US-Dollar. Die Aufschlüsselung der Kosten für die Anschaffung von Vorräten umfasst:

Inventarkategorie	Kosten ($)
Inventar für den Wiederverkauf von Elektronikgeräten	$15,642,000
Edelmetallinventar	$8,676,000

Kosten für die Modernisierung der Technologie

Die Kosten für die Modernisierung der Technologie beliefen sich im Jahr 2023 auf insgesamt 3.876.000 US-Dollar, darunter:

• Diagnoseausrüstung: 1.245.000 $
• Reparatur- und Restaurierungswerkzeuge: 892.000 $
• Qualitätskontrollsysteme: 1.739.000 $

Betriebskosten im Online- und physischen Einzelhandel

Die gesamten Betriebskosten für Einzelhandelskanäle beliefen sich im Jahr 2023 auf 7.542.000 US-Dollar:

Betriebskanal	Kosten ($)
Physische Einzelhandelsstandorte	$4,625,000
Online-Plattformwartung	$2,917,000

Mitarbeitergehälter und technische Schulung

Die gesamten personalbezogenen Ausgaben für 2023 beliefen sich auf 12.654.000 US-Dollar:

• Grundgehälter: 9.876.000 $
• Technische Schulungsprogramme: 1.456.000 USD
• Leistungen an Arbeitnehmer: 1.322.000 US-Dollar

Marketing und Wartung digitaler Plattformen

Die Ausgaben für Marketing und digitale Plattform beliefen sich im Jahr 2023 auf 2.987.000 US-Dollar:

Kategorie „Marketing“.	Kosten ($)
Digitale Werbung	$1,654,000
Website- und Plattformentwicklung	$1,333,000

Envela Corporation (ELA) – Geschäftsmodell: Einnahmequellen

Verkauf generalüberholter Elektronik

Für das Geschäftsjahr 2023 meldete die Envela Corporation einen Umsatz von 46,3 Millionen US-Dollar aus dem Verkauf generalüberholter Elektronik.

Produktkategorie	Jahresumsatz	Durchschnittlicher Verkaufspreis
Laptops	18,7 Millionen US-Dollar	$325
Smartphones	12,5 Millionen US-Dollar	$215
Tabletten	8,1 Millionen US-Dollar	$180

IT-Asset-Dispositionsdienste

Die IT-Asset-Dispositionsdienstleistungen generierten für Envela im Jahr 2023 einen Umsatz von 22,9 Millionen US-Dollar.

• Firmenkundenstamm: 127 Firmenkunden
• Durchschnittlicher Vertragswert: 185.000 $
• Geografische Abdeckung: 42 Staaten

Online-Marktplatzprovisionen

Die Provisionseinnahmen des Online-Marktplatzes erreichten im Jahr 2023 6,7 Millionen US-Dollar.

Plattform	Provisionssatz	Gesamte Provisionseinnahmen
NXTDROP-Plattform	12%	4,3 Millionen US-Dollar
Sekundäre Marktplätze	8%	2,4 Millionen US-Dollar

Liquidation überschüssiger Lagerbestände

Die Liquidation überschüssiger Lagerbestände trug im Jahr 2023 15,6 Millionen US-Dollar zum Umsatz von Envela bei.

• Gesamtwert der liquidierten Lagerbestände: 68,2 Millionen US-Dollar
• Durchschnittliche Liquidationsmarge: 22,9 %
• Anzahl Liquidationstransaktionen: 412

Cybersicherheits- und Datenvernichtungsdienste

Cybersicherheits- und Datenvernichtungsdienste erwirtschafteten im Jahr 2023 einen Umsatz von 8,5 Millionen US-Dollar.

Servicetyp	Jahresumsatz	Anzahl der Kunden
Datenvernichtung	5,2 Millionen US-Dollar	93 Kunden
Cybersicherheitsberatung	3,3 Millionen US-Dollar	47 Kunden

Envela Corporation (ELA) - Canvas Business Model: Value Propositions

You're looking at the core reasons why customers choose Envela Corporation (ELA) over the competition. It's about trust in luxury and operational excellence in asset management. Honestly, the numbers from the first half of 2025 show this dual focus is working.

For Consumers: Trusted, authenticated source for pre-owned luxury goods

For the consumer segment, the value proposition centers on authenticity and access to premium brands in a market that is definitely growing. While the broader personal luxury goods sales are projected to decline by 2-5% in 2025 compared to 2024, Envela Corporation's curated approach seems to be holding its ground, with the Consumer Division posting \$43.2 million in revenue for the second quarter of 2025. This segment is tapping into the resale market, which was valued at \$8.1 billion in 2024, positioning itself against the overall Global Luxury Goods Market projected to reach \$391.3 billion by 2025.

You get value through:

• Authentication processes for luxury hard assets.
• Access to premium brands often priced significantly below retail.
• Retail experiences in locations acquired from former bank buildings, suggesting high security infrastructure.

For Commercial Clients: Secure, compliant, end-to-end IT asset lifecycle management

For your enterprise clients, especially those Fortune 500 companies, the value is in de-risking the end-of-life process for their technology. This isn't just hauling away old servers; it's a secure, compliant service. The Commercial Division's performance speaks to this, delivering a 66.1% gross margin in Q2 2025 on \$11.7 million in revenue for that quarter. That margin shows they are extracting significant value from the assets they manage, which is what sophisticated clients pay for.

Maximizing financial return on retired assets for enterprises

The high gross margin in the Commercial Division, 66.1% in Q2 2025, is the clearest indicator of maximizing financial return. This segment handles IT Asset Disposition (ITAD) and other asset recovery. Think about the precious metals recovered; in Fiscal 2024, the consumer segment alone sold 2.2 metric tons of refining-grade precious metals destined for new products. The commercial side captures value from the entire IT asset stream, not just the scrap metal.

Here's a quick look at the recent financial momentum:

Metric	Q2 2025 Actual	FY 2025 Estimate	FY 2024 Actual
Consolidated Revenue	\$54.9 million	\$204.35 million	\$180.4 million
EPS (Diluted)	\$0.11	\$0.36 per share	\$0.26 per share
Operating Income Growth (YoY)	70.5% surge	N/A	N/A
Net Cash Position (as of 6/30/2025)	\$9.8 million	N/A	\$20.6 million (as of 12/31/2024)
Long-Term Debt (as of 6/30/2025)	\$13.0 million	N/A	\$13.5 million (as of 12/31/2024)

Advancing the circular economy and environmental sustainability (ESG)

Envela Corporation positions itself as a sustainability-focused company by extending product lifecycles. This commitment is backed by certifications; their ECHG companies are audited and certified to the ISO 14001:2015 standard for environmental management. Furthermore, governance reflects a commitment to diversity, with the Board being 40% women. To be fair, the CEO receives no salary or stock compensation, which aligns executive incentives with long-term shareholder value creation, not just short-term gains.

Transparent pricing and valuation in the precious metals market

While specific pricing transparency metrics aren't public, the company's heritage in precious metals trading, through entities like the Dallas Gold & Silver Exchange, underpins this value. The Consumer Division's revenue growth is partly attributed to the growth in wholesale precious metals. You benefit from their ability to process and value these materials, as evidenced by the 2.2 metric tons of refining-grade precious metals sold for new products in Fiscal 2024.

The recent Q3 2025 actual EPS of \$0.13 beat the estimate of \$0.06 by 116.67%, showing strong operational leverage across these value streams.

Finance: draft 13-week cash view by Friday.

Envela Corporation (ELA) - Canvas Business Model: Customer Relationships

The customer relationship structure for Envela Corporation (ELA) is dual-pronged, serving both the Consumer segment, which accounted for approximately 78.5% of total revenue in Q3 2025, and the Commercial segment, which contributed 21.5% ($12.3 million) of Q3 2025 revenue.

High-touch, personalized service in retail store locations

The Consumer division supports its in-store experience with professional authentication, grading, and valuation services. The national retail footprint, which reached 12 locations by the end of Fiscal Year 2024, continues to be a key touchpoint for customers seeking luxury hard assets and precious metals.

Consumer Segment Retail Metric	Value
Q3 2025 Consumer Segment Revenue	$45.1 million
Retail Store Locations (End of FY 2024)	12
New Stores Opened in FY 2024	5

Dedicated account management for large Commercial (ITAD) clients

The Commercial segment, which includes IT Asset Disposition (ITAD) services, focuses on tailored re-commerce solutions for enterprises. This segment serves leading global brands and includes many Fortune 500 companies. The gross margin for the Commercial Division reached 66.1% in Q2 2025, highlighting the service-intensive nature of these relationships.

Self-service e-commerce platforms with live pricing updates

The Consumer division integrates its physical presence with expanding e-commerce capabilities for the resale of fine jewelry, luxury watches, and bullion. The Commercial segment also utilizes e-commerce channels for remarketing recovered IT assets. The Consumer Division revenue was $45.1 million in Q3 2025.

• Consumer segment online platforms for luxury resale.
• Commercial segment for remarketing of refurbished IT assets.
• Q3 2025 Commercial Segment Revenue was $12.3 million.

Building long-term trust through defintely transparent valuation processes

Trust is built through a transparent buy, sell, and trade model across the Consumer segment, supported by in-house experts for authentication and grading. The Commercial segment builds trust through secure data destruction and compliance in IT asset disposition. The Commercial Division gross margin was 57.4% in Q3 2024.

Investor relations and corporate governance communication

As a publicly held company on the NYSE American exchange, Envela Corporation adheres to SEC reporting standards, providing formal communication channels. The company was added to the U.S. Small-Cap Russell 2000 Index in June 2025. The Investor Relations contact is ir@envelacorp.com, with a direct line at 972-587-4030.

Investor/Governance Metric	Value/Detail
Shares Repurchased Since March 2023	961,155 shares
Total Spend on Share Repurchases (Since March 2023)	Over $4.8 million
Share Repurchase Program Authorization End Date	March 31, 2026
Q2 2025 Share Repurchase Cost	$118.7 thousand

Finance: draft 13-week cash view by Friday.

Envela Corporation (ELA) - Canvas Business Model: Channels

You're looking at how Envela Corporation moves its value propositions-from luxury recommerce to IT asset disposition-to the customer. It's a mix of physical presence and digital reach, reflecting the two-segment structure.

Here's a quick look at the revenue split by segment for the third quarter ended September 30, 2025, which gives us a view into channel performance:

Segment (Primary Channel Focus)	Q3 2025 Revenue	Year-over-Year Revenue Change
Consumer Division (Retail/E-commerce/Wholesale)	$45.1M	Positive Growth
Commercial Division (Direct Service Contracts/Wholesale)	$12.3M	Decline of ~6.1%
Total Quarterly Revenue	$57.4M	+22.4%

Physical retail stores (e.g., DGSE) in key US markets (Dallas, Phoenix)

The physical retail channel falls under the Consumer Division, which focuses on the sale of authenticated high-end luxury goods and bullion. The CEO noted that the Consumer segment benefited from increased retail store revenues in Q2 2025. The strategy involves scaling this retail footprint, with the CEO mentioning an expansion into two new markets during 2024. The goal is creating immersive environments for customers to experience the curated goods firsthand.

• Consumer Division Q3 2025 Revenue: $45.1M.
• Consumer Division Q2 2025 Revenue: $43.2M.
• Consumer Division Q1 2025 Revenue: $36.8M.

Direct-to-consumer e-commerce platforms (e.g., APMEX.com)

While Envela Corporation sells precious metal bullion through its Consumer segment, the most concrete e-commerce data found relates to APMEX.com, a major online bullion retailer. APMEX's flagship domain, apmex.com, generated revenues of US$2,919M in 2024. Forecasts suggested a revenue change of 10-15% growth for this platform in 2025 compared to 2024. This platform's main market is the United States, accounting for 99% of its revenues in 2024. Envela's own e-commerce presence is integrated within the Consumer segment's overall revenue stream.

Direct sales force for Commercial Division service contracts

The Commercial Division utilizes a direct or service-based approach for its IT asset disposition (ITAD) and related services. This channel is explicitly called out as a significant revenue driver, contributing to higher gross margins. The service-based returns business within the Commercial segment saw improved margins in Q2 2025. The Commercial segment's operating expenses for Q2 2025 were $5.2 million.

• Commercial Division Q3 2025 Revenue: $12.3M.
• Commercial Division Q2 2025 Revenue: $12.3M.
• Commercial Division Q1 2025 Revenue: $12.3M (Note: Q1 2025 Commercial revenue was $12.3M, Q2 was $12.3M, Q3 was $12.3M, indicating consistency or a reporting artifact).
• Commercial Division Q3 2025 Operating Income: $3.0 million.

Wholesale distribution channels for bullion and institutional inventory

Wholesale activity is a key component of the Consumer segment, separate from direct retail sales. The CFO specifically mentioned that the Consumer segment benefited from growth in wholesale precious metals during Q2 2025. The Commercial segment also ships electronic scrap grades from its shredders, which is a form of wholesale/bulk material sale.

Online marketplaces for specialized luxury items

The Consumer segment's focus on buying and reselling pre-owned luxury goods, including fine jewelry, diamonds, and watches, suggests activity across various online platforms, though specific marketplace revenue percentages aren't broken out from the overall Consumer revenue. The company's overall strategy is centered on authenticated products and the circular economy.

Finance: review Q3 2025 segment revenue against the $209M TTM revenue figure by end of next week.

Envela Corporation (ELA) - Canvas Business Model: Customer Segments

Envela Corporation serves distinct customer groups through its two primary operating segments: Consumer and Commercial Services. As of the third quarter of 2025, the Consumer Division generated the majority of the top line, while the Commercial side, which includes IT Asset Disposition (ITAD), acts as a critical profit engine.

Here is a look at the financial contribution by segment for the quarter ended September 30, 2025:

Customer Segment Group	Q3 2025 Revenue Amount	Q3 2025 Revenue Percentage
Consumer Division	$45.1 million	78.5%
Commercial Division (Including ITAD)	$12.3 million	21.5%

The Consumer segment's nine-month sales ending September 30, 2025, reached $125,012,398, marking a 33.0% rise year-over-year.

Individual consumers buying and selling pre-owned luxury hard assets

This group transacts with the Consumer segment, which specializes in the online and brick-and-mortar sale of authenticated high-end luxury goods. The segment saw sales of $45,068,036 for the three months ended September 30, 2025, a 33.5% increase from the prior-year quarter. This customer base is attracted to the company's offerings in:

• Pre-owned and repurposed fine jewelry, diamonds, and gemstones.
• Luxury watches.
• Secondary market bullion.

High-net-worth collectors and investors in bullion and rare coins

These clients contribute to the Consumer segment's revenue, which benefited from growth in wholesale precious metals. The segment's gross margin was 10.8% of revenue in Q2 2025, though it saw significant improvement in Q3 2025 due to increased sales volume and rising gold prices. The company also incorporates recycled diamonds and gemstones into new designs, appealing to those seeking ethical sourcing.

Large enterprises and Fortune 500 companies needing ITAD services

These clients form the core of the Commercial Services segment, which provides Information Technology Asset Disposition (ITAD) solutions. For the nine months ending September 30, 2025, this division's sales were $35,509,675, a 6.8% decrease from the same period last year, reflecting a shift toward service revenue. The ITAD business is a key profit driver, evidenced by a gross margin of 66.1% of revenue in the second quarter of 2025. This segment focuses on:

• Securely destroying data on retired IT assets.
• Asset refurbishment and remarketing after data sanitization.
• Managing the entire lifecycle of technology products for data security and compliance.

Institutional clients requiring bulk precious metals inventory

While the primary precious metals sales are within the Consumer segment, the Commercial segment's high-margin service-based returns business is also a significant driver. The Commercial segment's operating income for Q3 2025 was $3.0 million, up from $2.2 million in the prior-year quarter, showing strong execution despite lower overall volumes in that division.

Environmentally conscious buyers seeking sustainable re-commerce options

Both segments cater to this group. The Consumer segment supports this by extending the lifespan of luxury goods. The Commercial segment supports this through the responsible reuse and recycling of electronic devices, maximizing value recovery and minimizing waste from end-of-life assets. The company's overall strategy is positioned at the forefront of the circular economy.

Finance: draft 13-week cash view by Friday.

Envela Corporation (ELA) - Canvas Business Model: Cost Structure

You're looking at the cost side of Envela Corporation's operations as of late 2025, which means we need to look closely at the most recent full-year numbers from 2024 and the early 2025 operational data. The cost structure is clearly split between the high-volume, lower-margin Consumer segment and the high-margin Commercial Division.

Cost of Goods Sold (COGS) for inventory acquisition (Consumer segment)

The Cost of Revenue, which represents the total COGS for Envela Corporation, was $136.06 million for the full year ending December 31, 2024. The Consumer Division, which handles the retail of luxury goods, had a gross margin of 12.2% of revenue for the full year 2024. This implies that the cost of inventory acquisition for the Consumer segment was approximately 87.8% of its respective revenue base, given the overall gross margin structure.

Operating expenses, including retail store leases and utilities

Consolidated operating expenses for Envela Corporation totaled $36.2 million for the full year 2024. For the second quarter of 2025, total operating expenses were $9.1 million. The retail footprint expansion is a major driver here; the company was on track to double its store count to 14 locations by the end of 2024, which necessitated increased costs for leases and utilities across new and existing locations.

Here's a breakdown of the operating expenses by division for the full year 2024:

Division	Full Year 2024 Operating Expenses (USD)	Q2 2025 Operating Expenses (USD)
Consumer Division	$15.7 million	$3.9 million
Commercial Division	$20.4 million	Not explicitly separated in Q2 2025 data

The Commercial Division's operating expenses were $20.4 million in 2024, while the Consumer Division's were $15.7 million. The Consumer Division's operating expenses rose sharply in Q1 2024 to $3.3 million, up 34.1% from the prior year's quarter, reflecting investments in expansion.

Personnel costs for skilled appraisers, technicians, and sales staff

Specific personnel costs are embedded within the operating expenses, but the driver is clear. In the first quarter of 2024, the Consumer Division's operating expense increase of 34.1% was primarily reflecting increased personnel to support the long-term growth of the business. This points to the cost of hiring and training the specialized staff, like appraisers and sales staff, needed for the new retail locations. The Commercial Division also focuses on personnel alignment with margin generation.

Commercial Division operational costs for de-manufacturing and logistics

The Commercial Division's operational costs include logistics for asset intake and de-manufacturing processes related to ITAD (Information Technology Asset Disposition). Full year 2024 operating expenses for this division were $20.4 million. In the third quarter of 2025, the Commercial Division reported operating expenses of $5.4 million, an increase of 4.8% year-over-year, driven by operational performance across their footprint. The division's focus is on the alignment of operating expenses with margin generation, which was 57.4% in Q3 2025.

Capital expenditures for expanding the retail footprint and ITAD infrastructure

Specific 2025 capital expenditures (CAPEX) figures aren't explicitly detailed in the latest reports, but the investment intent is clear from prior activity. In 2023, the company purchased a 6,000 square foot retail building in Phoenix for $1.2 million as part of the plan to double the retail business. Expected CAPEX over a 12-month period in early 2023 was cited as $750,000, though the subsequent store purchases suggest higher actual spending. The ongoing strategy involves continued retail expansion and investment in the ITAD infrastructure to support client service offerings. The cash position strengthened to $22.9 million as of June 30, 2025, which provides the liquidity for these planned capital outlays.

Key historical CAPEX context:

• Planned doubling of retail footprint to 14 stores by end of 2024.
• Acquired a stand-alone retail building for $1.2 million in 2023.
• Expected CAPEX over 12 months in early 2023 was $750,000.

Finance: draft 13-week cash view by Friday.

Envela Corporation (ELA) - Canvas Business Model: Revenue Streams

You're looking at the revenue generation for Envela Corporation (ELA) as of late 2025, which is heavily weighted toward its consumer-facing precious metals and its commercial ITAD (IT Asset Disposition) and recycling operations. The total revenue for the third quarter ending September 30, 2025, was reported at $57.39 million.

The overall revenue streams are clearly segmented into two primary divisions, Consumer and Commercial, with the Consumer side being the dominant revenue generator in the latest reported quarter.

The Consumer division, which encompasses several key activities, generated $45.07 million in revenue for Q3 2025, representing 78.53% of the total quarterly revenue. This division's strength is tied to high precious metals prices, which acts as a tailwind.

The Commercial division, focused on services and metal recovery, contributed $12.32 million, or 21.47% of the Q3 2025 revenue. This segment saw its gross margin improve to 66.1% in Q2 2025, driven by its service-based returns business.

Here is a breakdown of the key revenue components based on the latest segment data:

• Sales of bullion and rare coins (Consumer) account for approximately 78.5% of the Q3 2025 revenue.
• The Commercial segment's revenue is driven by its service-based returns business, which is becoming a more significant revenue driver.
• Consumer Division revenue for the first quarter of 2025 was $36.8 million.
• The trailing twelve months (TTM) revenue ending September 30, 2025, reached $208.84 million.

The structure of these revenue streams for Q3 2025 is laid out below. Honestly, you can see how critical the precious metals cycle is to the top line.

Revenue Stream Category	Q3 2025 Revenue Amount (USD)	Percentage of Total Q3 2025 Revenue
Consumer Division Total	$45.07M	78.53%
Commercial Division Total	$12.32M	21.47%
Total Consolidated Revenue	$57.39M	100.00%

While the specific dollar amounts for the individual sub-streams like sales of pre-owned luxury goods, jewelry, and watches, or the revenue from the sale of reclaimed base and precious metals are bundled within the Consumer and Commercial totals, the primary drivers are clear. The Consumer segment benefits from growth in wholesale precious metals and increased retail store revenues. The Commercial segment's performance is tied to its ITAD and electronics recycling services.

For context on the overall trajectory, Envela Corporation's quarterly revenue for Q2 2025 was $54.9 million, and the annual revenue for the fiscal year ending December 31, 2024, was $180.38 million. The company is definitely seeing growth, with TTM revenue up 66.7% year-over-year as of September 30, 2025.

The revenue streams are supported by the following activities, which feed into the Consumer and Commercial segments:

• Optimizing the operating model as the retail footprint scales for consumer sales.
• Driving service-based returns within the Commercial segment for higher gross margins.
• Managing the wholesale distribution of precious metals and inventory.
• Securing revenue from responsible recycling and secure asset management services.

Finance: draft 13-week cash view by Friday.