Envela Corporation (ELA): Business Model Canvas [Jan-2025 Mise à jour]

Dans le monde dynamique de la revente technologique et de la gestion des actifs, Envela Corporation (ELA) émerge comme une entreprise pionnière, transformant l'excédent de l'électronique en opportunités précieuses. En comblant ingénieusement l'écart entre les stocks de liquidation et les consommateurs soucieux du budget, la société a conçu un modèle commercial unique qui fournit des solutions technologiques durables et de haute qualité à travers divers segments de marché. Des agences gouvernementales aux amateurs de technologie individuels, l'approche innovante d'Envela réinvente la façon dont les organisations et les consommateurs peuvent accéder à l'électronique abordable et rénovée tout en défendant la responsabilité environnementale et l'accessibilité technologique.

Envela Corporation (ELA) - Modèle d'entreprise: partenariats clés

Partenariats stratégiques avec les marchés en ligne

Envela Corporation maintient des partenariats actifs avec les principaux marchés en ligne:

Marché	Détails du partenariat	Volume des ventes (2023)
Amazone	Revendeur autorisé	4,2 millions de dollars
eBay	Vendeur vérifié	3,7 millions de dollars

Collaboration avec les fabricants de technologies et d'électronique

Les partenariats clés du fabricant comprennent:

• Dell Technologies
• HP Enterprise
• Lenovo
• Pomme

Fournisseurs d'inventaire excédentaire et de liquidation

Catégorie des fournisseurs	Volume d'inventaire annuel	Réduction moyenne
Sources de liquidation des entreprises	12,5 millions de dollars	65-75%
Canaux excédentaires du gouvernement	8,3 millions de dollars	55-65%

Partenariats de revente du commerce électronique

Les partenariats de canaux de revente électronique d'Envela comprennent:

• Newegg
• Rakuten
• Vidéo photo B&H

Revenus de partenariat total pour 2023: 24,6 millions de dollars

Envela Corporation (ELA) - Modèle d'entreprise: activités clés

Retail en ligne et physique de l'électronique et de la technologie excédentaires

Revenus de vente au détail en ligne et physique annuels pour 2023: 62,4 millions de dollars

Canal de vente	Revenu	Pourcentage
Vente au détail en ligne	41,6 millions de dollars	66.7%
Commerce de détail physique	20,8 millions de dollars	33.3%

Services d'acquisition et de liquidation des stocks

Valeur de liquidation des stocks totaux en 2023: 18,2 millions de dollars

• Clients corporatifs servis: 127
• Valeur moyenne du projet de liquidation: 143 307 $
• Taux de réussite en liquidation: 92,5%

Rénovation et revente d'équipement électronique

Type d'équipement	Unités rénovées	Valeur de revente
Ordinateur	12,450	3,7 millions de dollars
Serveurs	2,340	1,9 million de dollars
Équipement de réseautage	5,670	2,3 millions de dollars

Services de cybersécurité et de disposition des actifs informatiques

Revenus de services annuels de cybersécurité: 7,6 millions de dollars

• Clients desservis: 84 clients d'entreprise
• Certificats de destruction des données émises: 3 245
• Taux de conformité: 99,8%

Gestion de la plate-forme de commerce électronique

Métrique de la plate-forme	Performance de 2023
Total des transactions sur le site Web	142,560
Valeur de transaction moyenne	$276
Taux de conversion de la plate-forme	3.7%

Envela Corporation (ELA) - Modèle d'entreprise: Ressources clés

Inventaire étendu de l'excédent et de l'électronique rénovée

Au quatrième trimestre 2023, Envela Corporation maintient un inventaire évalué à 12,4 millions de dollars en surplus et en électronique rénovée. Ratio total de rotation des stocks: 3,7x.

Catégorie d'inventaire	Valeur ($)	Pourcentage de l'inventaire total
Électronique grand public	5,600,000	45.2%
Équipement informatique d'entreprise	4,200,000	33.8%
Dispositifs de télécommunication	2,600,000	21%

Technologie avancée pour l'évaluation et la rénovation des actifs

Investissement technologique en 2023: 1,2 million de dollars. La technologie de rénovation comprend:

• Systèmes de diagnostic automatisés
• Équipement d'étalonnage de haute précision
• Outils d'effacement des données et de vérification de la sécurité

Infrastructure de vente au détail en ligne et physique forte

Présence de vente au détail: 12 emplacements de magasins physiques. La plate-forme de commerce électronique génère 67% des revenus totaux.

Canal de vente	Revenus annuels ($)	Taux de croissance
Plate-forme en ligne	38,500,000	14.3%
Magasins physiques	18,700,000	6.9%

Personnel technique qualifié

L'effectif technique total: 124 employés. Expertise technique moyenne: 7,2 ans.

• Répartition de la certification:
  • Comptia A +: 42 employés
  • Technicien Mac certifié Apple: 23 employés
  • Professionnel certifié Microsoft: 31 employés

Plateformes numériques pour la gestion des ventes et des stocks

Investissement de pile technologique: 890 000 $ en 2023. Les plates-formes incluent le suivi des stocks en temps réel et l'intégration des ventes multicanaux.

Composant de plate-forme	Fonctionnalité	Coût de maintenance annuel ($)
Système de gestion des stocks	Suivi en temps réel	320,000
Plate-forme de commerce électronique	Ventes multicanaux	270,000
Gestion de la relation client	Analyse des ventes	300,000

Envela Corporation (ELA) - Modèle d'entreprise: propositions de valeur

Solutions technologiques abordables pour les consommateurs soucieux du budget

Le segment technologique d'Envela Corporation propose des produits avec la structure de tarification suivante:

Catégorie de produits	Fourchette de prix moyenne	Pourcentage de réduction
Ordinateurs portables rénovés	$199 - $499	30-50% en dessous de la vente au détail
Desktops rénovés	$149 - $399	35 à 55% en dessous de la vente au détail
Comprimés rénovés	$89 - $249	40 à 60% en dessous de la vente au détail

Électronique rénovée de haute qualité avec garantie

Détails de garantie pour les produits rénovés:

• Garantie standard: 90 jours
• Option de garantie prolongée: jusqu'à 2 ans
• La couverture comprend les pièces et la main-d'œuvre

Approche durable de la consommation technologique

Statistiques d'impact environnemental:

Métrique	Valeur annuelle
Dispositifs électroniques détournés des décharges	125 000 unités
Les émissions de carbone ont été réduites	3 750 tonnes métriques
Eau économisée dans la production	1,2 million de gallons

Disposition d'informatique sécurisée et respectueuse de l'environnement

Métriques du service de disposition des actifs: IT:

• Conformité de la destruction des données: 99,9%
• Norme certifiée R2 (recyclage responsable)
• Volume de traitement annuel: 75 000 appareils

Plage de produits diversifiée dans plusieurs catégories de technologies

Répartition de la catégorie des produits:

Catégorie	Types de produits	Volume des ventes annuelles
Calcul	Ordinateurs portables, ordinateurs de bureau, tablettes	45 000 unités
Appareils mobiles	Smartphones, montres intelligentes	35 000 unités
Réseautage	Routeurs, commutateurs, modems	15 000 unités

Envela Corporation (ELA) - Modèle d'entreprise: relations clients

Canaux de support client en ligne

En 2024, Envela Corporation fournit un support client via plusieurs canaux numériques:

Canal de support	Disponibilité	Temps de réponse
Chat en direct	24/7	Moins de 5 minutes
Assistance par e-mail	Heures de bureau	Dans les 24 heures
Support téléphonique	8h à 20h CST	Immédiat

Plates-formes en libre-service

Les plates-formes numériques d'Envela incluent:

• Catalogue de produits en ligne avec des spécifications détaillées
• Suivi des stocks en temps réel
• Outils de comparaison de prix instantanés
• Processus de paiement automatisé

Programmes de fidélisation de la clientèle

Métriques du programme de fidélité:

Niveau de programme	Adhésion annuelle	Multiplicateur de points de récompense
Argent	Gratuit	1x
Or	49 $ / an	2x
Platine	99 $ / an	3x

Transparence de classement des produits

Précision de notation: 99,7% vérifié par des audits tiers en 2024

Recommandations personnalisées

Performance du moteur de recommandation:

• Précision de l'algorithme d'apprentissage automatique: 87,5%
• Personnalisation basée sur 12 mesures de comportement client
• Augmentation moyenne du taux de conversion: 24,3%

Envela Corporation (ELA) - Modèle d'entreprise: canaux

Site Web de l'entreprise (Govdeals.com et Boberdoo.com)

Envela Corporation exploite deux plates-formes en ligne principales:

• Govdeals.com: plateforme d'enchères en ligne pour les actifs excédentaires du gouvernement
• Boberdoo.com: Plateforme de distribution de distribution de plomb et d'enchères propriétaire

Plate-forme	Trafic Web annuel	Visiteurs uniques
Govdeals.com	1,2 million	350,000
Boberdoo.com	250,000	75,000

Marchés en ligne

Envela utilise des canaux de vente en ligne tiers:

• Market Amazon
• Boutique en ligne eBay

Marché	Volume des ventes annuelles	Taux de commission
Amazone	3,5 millions de dollars	15%
eBay	1,8 million de dollars	12%

Emplacements de vente au détail physique

Envela maintient la présence physique au détail à travers:

• GOVDEALS Emplacements d'enchères physiques
• Centres de vente d'entreprise

Type d'emplacement	Nombre d'emplacements	Trafic piétonnier annuel
Centres de vente aux enchères Govdeals	12	75,000
Centres de vente d'entreprise	5	25,000

Ventes directes auprès des clients du gouvernement et des entreprises

Les canaux de vente directs d'Envela comprennent:

• Contrats d'approvisionnement du gouvernement
• Services de disposition des actifs d'entreprise

Catégorie client	Revenus annuels	Nombre de contrats
Clients du gouvernement	22,5 millions de dollars	87
Clients des entreprises	15,3 millions de dollars	52

Plates-formes de commerce électronique mobiles

Canaux de vente mobiles d'Envela:

• Sites Web sensibles aux mobiles
• Applications d'enchères mobiles

Plate-forme mobile	Utilisateurs actifs mensuels	Pourcentage de ventes mobiles
Govdeals mobile	125,000	22%
Boberdoo mobile	50,000	15%

Envela Corporation (ELA) - Modèle d'entreprise: segments de clientèle

Consommateurs technologiques soucieux du budget

Au quatrième trimestre 2023, Envela Corporation a déclaré que les consommateurs de technologie de ciblage avec une fourchette de dépenses annuelle de 500 $ à 2 500 $ pour l'électronique rénovée.

Caractéristiques du segment	Taille du marché	Valeur d'achat moyenne
Âgé de 25 à 45 ans	3,2 millions de clients potentiels	687 $ par transaction

Agences gouvernementales

Les revenus du secteur gouvernemental d'Envela en 2023 étaient de 42,3 millions de dollars, ce qui représente 37% du total des revenus des entreprises.

Type d'agence	Valeur du contrat	Focus de l'achat
Agences fédérales	24,7 millions de dollars	It Asset Disposition
Agences d'État / locales	17,6 millions de dollars	Recyclage de la technologie

Établissements d'enseignement

Envela dessert 672 établissements d'enseignement à travers les États-Unis en 2023.

• K-12 districts scolaires: 412 clients
• Institutions d'enseignement supérieur: 260 clients
• Valeur du contrat moyen: 215 000 $ par an

Petites et moyennes entreprises

Le segment SMB a généré 31,5 millions de dollars de revenus pour Envela en 2023.

Taille de l'entreprise	Nombre de clients	Dépenses annuelles moyennes
Petites entreprises (10-50 employés)	1 284 clients	$18,700
Entreprises moyennes (51-250 employés)	456 clients	$48,900

Gestionnaires d'actifs informatiques individuels et d'entreprise

Envela a servi 2 837 gestionnaires d'actifs informatiques d'entreprise en 2023.

• Services informatiques d'entreprise: 1 942 clients
• Gestionnaires d'informations informatiques indépendantes: 895 clients
• Revenu total de gestion des actifs informatiques: 67,2 millions de dollars

Envela Corporation (ELA) - Modèle d'entreprise: Structure des coûts

Coûts d'acquisition des stocks

Pour l'exercice 2023, Envela Corporation a déclaré des coûts d'inventaire totaux de 24 318 000 $. La ventilation des dépenses d'acquisition des stocks comprend:

Catégorie d'inventaire	Coût ($)
Inventaire de revente électronique	$15,642,000
Inventaire des métaux précieux	$8,676,000

Dépenses de rénovation technologique

Les coûts de rénovation technologique pour 2023 ont totalisé 3 876 000 $, notamment:

• Équipement de diagnostic: 1 245 000 $
• Outils de réparation et de restauration: 892 000 $
• Systèmes de contrôle de la qualité: 1 739 000 $

Coûts opérationnels en ligne et physique

Les dépenses opérationnelles totales pour les canaux de vente au détail en 2023 étaient de 7 542 000 $:

Canal opérationnel	Coût ($)
Emplacements de vente au détail physique	$4,625,000
Maintenance de plate-forme en ligne	$2,917,000

Salaires des employés et formation technique

Le total des dépenses liées au personnel pour 2023 s'élevait à 12 654 000 $:

• Salaires de base: 9 876 000 $
• Programmes de formation technique: 1 456 000 $
• Avantages sociaux: 1 322 000 $

Marketing et maintenance de la plate-forme numérique

Les dépenses de plate-forme marketing et numérique pour 2023 étaient de 2 987 000 $:

Catégorie marketing	Coût ($)
Publicité numérique	$1,654,000
Développement du site Web et de la plate-forme	$1,333,000

ENVELA CORPORATION (ELA) - Modèle d'entreprise: Strots de revenus

Ventes d'électronique rénovée

Pour l'exercice 2023, Envela Corporation a déclaré 46,3 millions de dollars de revenus à partir des ventes d'électronique rénovées.

Catégorie de produits	Revenus annuels	Prix ​​de vente moyen
Ordinateurs portables	18,7 millions de dollars	$325
Smartphones	12,5 millions de dollars	$215
Comprimés	8,1 millions de dollars	$180

Services de disposition des actifs informatiques

Les services de disposition des actifs informatiques ont généré 22,9 millions de dollars de revenus pour Envela en 2023.

• Base de clientèle d'entreprise: 127 clients d'entreprise
• Valeur du contrat moyen: 185 000 $
• Couverture géographique: 42 États

Commissions de marché en ligne

Les revenus de la Commission du marché en ligne ont atteint 6,7 millions de dollars en 2023.

Plate-forme	Taux de commission	Revenus de commission totale
Plateforme NXTDROP	12%	4,3 millions de dollars
Marchés secondaires	8%	2,4 millions de dollars

Liquidation des stocks excédentaires

La liquidation des stocks de surplus a contribué 15,6 millions de dollars aux revenus d'Envela en 2023.

• Valeur des stocks liquidés totaux: 68,2 millions de dollars
• Marge de liquidation moyenne: 22,9%
• Nombre de transactions de liquidation: 412

Services de cybersécurité et de destruction des données

Les services de destruction de cybersécurité et de données ont généré 8,5 millions de dollars de revenus pour 2023.

Type de service	Revenus annuels	Nombre de clients
Destruction des données	5,2 millions de dollars	93 clients
Conseil de cybersécurité	3,3 millions de dollars	47 clients

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.