Envella Corporation (ELA): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico de revenda de tecnologia e gerenciamento de ativos, a Envella Corporation (ELA) surge como uma empresa pioneira, transformando eletrônicos excedentes em oportunidades valiosas. Ao preencher engenhosamente a lacuna entre inventários de liquidação e consumidores conscientes do orçamento, a empresa criou um modelo de negócios exclusivo que fornece soluções de tecnologia sustentáveis ​​e de alta qualidade em diversos segmentos de mercado. De agências governamentais a entusiastas de tecnologia individuais, a abordagem inovadora da Envella reimagina como organizações e consumidores podem acessar eletrônicos acessíveis e reformados enquanto defendem a responsabilidade ambiental e a acessibilidade tecnológica.

Envella Corporation (ELA) - Modelo de Negócios: Principais Parcerias

Parcerias estratégicas com mercados on -line

A Envella Corporation mantém parcerias ativas com os principais mercados on -line:

Marketplace	Detalhes da parceria	Volume de vendas (2023)
Amazon	Revendedor autorizado	US $ 4,2 milhões
eBay	Vendedor verificado	US $ 3,7 milhões

Colaboração com fabricantes de tecnologia e eletrônica

As principais parcerias do fabricante incluem:

• Dell Technologies
• HP Enterprise
• Lenovo
• Maçã

Fornecedores de inventário excedente e de liquidação

Categoria de fornecedores	Volume anual de inventário	Desconto médio
Fontes de liquidação corporativa	US $ 12,5 milhões	65-75%
Canais excedentes do governo	US $ 8,3 milhões	55-65%

Parcerias de revenda de comércio eletrônico

As parcerias de canal de revenda de comércio eletrônico da Envella incluem:

• Newegg
• Rakuten
• Vídeo fotográfico da B&H

Receita total de parceria para 2023: US $ 24,6 milhões

Envella Corporation (ELA) - Modelo de negócios: Atividades -chave

Varejo online e físico de eletrônicos e tecnologia excedentes

Receita anual de varejo online e física para 2023: US $ 62,4 milhões

Canal de vendas	Receita	Percentagem
Varejo online	US $ 41,6 milhões	66.7%
Varejo físico	US $ 20,8 milhões	33.3%

Serviços de aquisição e liquidação de inventário

Valor total de liquidação de inventário em 2023: $ 18,2 milhões

• Clientes corporativos atendidos: 127
• Valor médio do projeto de liquidação: US $ 143.307
• Taxa de sucesso da liquidação: 92,5%

Reforma e revenda de equipamentos eletrônicos

Tipo de equipamento	Unidades reformadas	Valor de revenda
Computadores	12,450	US $ 3,7 milhões
Servidores	2,340	US $ 1,9 milhão
Equipamento de rede	5,670	US $ 2,3 milhões

Serviços de Disposição de Cibersegurança e TI de TI

Receita anual de serviço de segurança cibernética: US $ 7,6 milhões

• Clientes atendidos: 84 clientes corporativos
• Certificados de destruição de dados emitidos: 3.245
• Taxa de conformidade: 99,8%

Gerenciamento de plataforma de comércio eletrônico

Métrica da plataforma	2023 desempenho
Total de transações do site	142,560
Valor médio da transação	$276
Taxa de conversão da plataforma	3.7%

Envella Corporation (ELA) - Modelo de negócios: Recursos -chave

Extenso inventário de excedentes e eletrônicos reformados

A partir do quarto trimestre de 2023, a Envella Corporation mantém um inventário avaliado em US $ 12,4 milhões em excedentes e eletrônicos reformados. Índice de rotatividade total de inventário: 3,7x.

Categoria de inventário	Valor ($)	Porcentagem do inventário total
Eletrônica de consumo	5,600,000	45.2%
Equipamento de TI corporativo	4,200,000	33.8%
Dispositivos de telecomunicações	2,600,000	21%

Tecnologia avançada para avaliação e reforma de ativos

Investimento de tecnologia em 2023: US $ 1,2 milhão. A tecnologia de reforma inclui:

• Sistemas de diagnóstico automatizados
• Equipamento de calibração de alta precisão
• Ferramentas de apagamento de dados e verificação de segurança

Infraestrutura de varejo online e física forte

Presença no varejo: 12 locais de lojas físicas. A plataforma de comércio eletrônico gera 67% da receita total.

Canal de vendas	Receita anual ($)	Taxa de crescimento
Plataforma online	38,500,000	14.3%
Lojas físicas	18,700,000	6.9%

Equipe técnica qualificada

Força de trabalho técnica total: 124 funcionários. Experiência técnica média: 7,2 anos.

• Redução de certificação:
  • Comptia A+: 42 funcionários
  • Técnico Mac certificado pela Apple: 23 funcionários
  • Microsoft Certified Professional: 31 funcionários

Plataformas digitais para gerenciamento de vendas e inventário

Investimento de pilha de tecnologia: US $ 890.000 em 2023. As plataformas incluem rastreamento de inventário em tempo real e integração de vendas multicanal.

Componente da plataforma	Funcionalidade	Custo de manutenção anual ($)
Sistema de Gerenciamento de Inventário	Rastreamento em tempo real	320,000
Plataforma de comércio eletrônico	Vendas multicanais	270,000
Gerenciamento de relacionamento com o cliente	Análise de vendas	300,000

Envella Corporation (ELA) - Modelo de Negócios: Proposições de Valor

Soluções de tecnologia acessíveis para consumidores conscientes do orçamento

O segmento de tecnologia da Envella Corporation oferece produtos com a seguinte estrutura de preços:

Categoria de produto	Faixa de preço médio	Porcentagem de desconto
Laptops reformados	$199 - $499	30-50% abaixo do varejo
Desktops reformados	$149 - $399	35-55% abaixo do varejo
Comprimidos reformados	$89 - $249	40-60% abaixo do varejo

Eletrônicos reformados de alta qualidade com garantia

Detalhes da garantia para produtos reformados:

• Garantia padrão: 90 dias
• Opção de garantia estendida: até 2 anos
• A cobertura inclui peças e trabalho

Abordagem sustentável do consumo de tecnologia

Estatísticas de impacto ambiental:

Métrica	Valor anual
Dispositivos eletrônicos desviados de aterros sanitários	125.000 unidades
Emissões de carbono reduzidas	3.750 toneladas métricas
Água economizada em produção	1,2 milhão de galões

Disposição de ativos seguros e ambientalmente responsáveis

Métricas de serviço de disposição de ativos:

• Conformidade de destruição de dados: 99,9%
• Padrão R2 certificado (reciclagem responsável)
• Volume anual de processamento: 75.000 dispositivos

Gama diversificada de produtos em várias categorias de tecnologia

Redução da categoria de produto:

Categoria	Tipos de produtos	Volume anual de vendas
Computação	Laptops, desktops, tablets	45.000 unidades
Dispositivos móveis	Smartphones, smartwatches	35.000 unidades
Networking	Roteadores, interruptores, modems	15.000 unidades

Envella Corporation (ELA) - Modelo de Negócios: Relacionamentos do Cliente

Canais de suporte ao cliente online

A partir de 2024, a Envella Corporation fornece suporte ao cliente por meio de vários canais digitais:

Canal de suporte	Disponibilidade	Tempo de resposta
Bate -papo ao vivo	24/7	Menos de 5 minutos
Suporte por e -mail	Horário de negócios	Dentro de 24 horas
Suporte telefônico	8h às 20h CST	Imediato

Plataformas de autoatendimento

As plataformas digitais da Envella incluem:

• Catálogo de produtos on -line com especificações detalhadas
• Rastreamento de inventário em tempo real
• Ferramentas de comparação de preços instantâneos
• Processo de check -out automatizado

Programas de fidelidade do cliente

Métricas do Programa de Fidelidade:

Nível de programa	Associação anual	Multiplicador de pontos de recompensa
Prata	Livre	1x
Ouro	US $ 49/ano	2x
Platina	US $ 99/ano	3x

Classificação de produtos Transparência

Precisão de classificação: 99,7% verificado por auditorias de terceiros em 2024

Recomendações personalizadas

Recomendação do desempenho do motor:

• Algoritmo de aprendizado de máquina precisão: 87,5%
• Personalização com base em 12 métricas de comportamento do cliente
• Aumento médio na taxa de conversão: 24,3%

Envella Corporation (ELA) - Modelo de Negócios: Canais

Site da empresa (Govdeals.com e boberdoo.com)

A Envella Corporation opera duas plataformas online primárias:

• Govdeals.com: plataforma de leilão online para ativos excedentes do governo
• Boberdoo.com: Plataforma proprietária de distribuição de leilão e distribuição de leilão

Plataforma	Tráfego anual da Web	Visitantes únicos
Govdeals.com	1,2 milhão	350,000
Boberdoo.com	250,000	75,000

Mercados on -line

A Envella utiliza canais de vendas on-line de terceiros:

• Amazon Marketplace
• Ebay Online Store

Marketplace	Volume anual de vendas	Taxa de comissão
Amazon	US $ 3,5 milhões	15%
eBay	US $ 1,8 milhão	12%

Locais de varejo físico

Envella mantém a presença de varejo físico através de:

• Locais de leilão físico Govdeals
• Centros de vendas corporativas

Tipo de localização	Número de locais	Tráfego anual de pedestres
Govdeals Centros de leilão	12	75,000
Centros de vendas corporativas	5	25,000

Vendas diretas para clientes governamentais e corporativos

Os canais de vendas diretos da Envella incluem:

• Contratos de compras governamentais
• Serviços de disposição de ativos corporativos

Categoria de cliente	Receita anual	Número de contratos
Clientes do governo	US $ 22,5 milhões	87
Clientes corporativos	US $ 15,3 milhões	52

Plataformas de comércio eletrônico móvel

Canais de vendas móveis da Envella:

• Sites responsivos a dispositivos móveis
• Aplicativos de leilão móvel

Plataforma móvel	Usuários ativos mensais	Porcentagem de vendas móveis
Govdeals Mobile	125,000	22%
Boberdoo Mobile	50,000	15%

Envella Corporation (ELA) - Modelo de negócios: segmentos de clientes

Consumidores de tecnologia consciente do orçamento

A partir do quarto trimestre 2023, a Envella Corporation relatou direcionar os consumidores de tecnologia com gama anual de gastos de US $ 500 a US $ 2.500 para eletrônicos reformados.

Características do segmento	Tamanho de mercado	Valor médio de compra
Idade 25-45 Demografia	3,2 milhões de clientes em potencial	US $ 687 por transação

Agências governamentais

A receita do setor governamental da Envella em 2023 foi de US $ 42,3 milhões, representando 37% da receita corporativa total.

Tipo de agência	Valor do contrato	Foco de compras
Agências federais	US $ 24,7 milhões	Disposição de ativos
Agências estaduais/locais	US $ 17,6 milhões	Reciclagem de tecnologia

Instituições educacionais

A Envella atende 672 instituições educacionais nos Estados Unidos em 2023.

• Distritos escolares do ensino fundamental e médio: 412 clientes
• Instituições de ensino superior: 260 clientes
• Valor médio do contrato: US $ 215.000 anualmente

Pequenas e médias empresas

O segmento SMB gerou US $ 31,5 milhões em receita para a Envella em 2023.

Tamanho comercial	Número de clientes	Gasto médio anual
Pequenas empresas (10-50 funcionários)	1.284 clientes	$18,700
Empresas médias (51-250 funcionários)	456 clientes	$48,900

Gerentes de ativos individuais e corporativos

A Envella serviu 2.837 gerentes de ativos de TI corporativos em 2023.

• Departamentos de TI corporativos: 1.942 clientes
• Gerentes independentes de ativos de TI: 895 clientes
• Receita total de gerenciamento de ativos de TI: US $ 67,2 milhões

Envella Corporation (ELA) - Modelo de negócios: estrutura de custos

Custos de aquisição de inventário

Para o ano fiscal de 2023, a Envella Corporation registrou custos totais de inventário de US $ 24.318.000. A quebra das despesas de aquisição de inventário inclui:

Categoria de inventário	Custo ($)
Inventário de ressecamento eletrônico	$15,642,000
Inventário de metais preciosos	$8,676,000

Despesas de reforma de tecnologia

Os custos de reforma de tecnologia para 2023 totalizaram US $ 3.876.000, que incluíram:

• Equipamento de diagnóstico: US $ 1.245.000
• Ferramentas de reparo e restauração: US $ 892.000
• Sistemas de controle de qualidade: US $ 1.739.000

Custos operacionais de varejo online e físico

As despesas operacionais totais para canais de varejo em 2023 foram de US $ 7.542.000:

Canal operacional	Custo ($)
Locais de varejo físico	$4,625,000
Manutenção da plataforma on -line	$2,917,000

Salários de funcionários e treinamento técnico

O total de despesas relacionadas ao pessoal em 2023 totalizou US $ 12.654.000:

• Salários base: US $ 9.876.000
• Programas de treinamento técnico: US $ 1.456.000
• Benefícios dos funcionários: US $ 1.322.000

Manutenção de marketing e plataforma digital

As despesas de marketing e plataforma digital para 2023 foram de US $ 2.987.000:

Categoria de marketing	Custo ($)
Publicidade digital	$1,654,000
Desenvolvimento de site e plataforma	$1,333,000

Envella Corporation (ELA) - Modelo de negócios: fluxos de receita

Vendas de eletrônicos reformados

Para o ano fiscal de 2023, a Envella Corporation registrou US $ 46,3 milhões em receita de vendas de eletrônicos reformados.

Categoria de produto	Receita anual	Preço médio de venda
Laptops	US $ 18,7 milhões	$325
Smartphones	US $ 12,5 milhões	$215
Comprimidos	US $ 8,1 milhões	$180

Serviços de disposição de ativos

Os serviços de disposição de ativos de TI geraram US $ 22,9 milhões em receita para a ENVELA em 2023.

• Base de clientes corporativos: 127 clientes corporativos
• Valor médio do contrato: US $ 185.000
• Cobertura geográfica: 42 estados

Comissões de mercado on -line

A receita da Comissão de Marketplace online atingiu US $ 6,7 milhões em 2023.

Plataforma	Taxa de comissão	Receita total da comissão
Plataforma NXTDrop	12%	US $ 4,3 milhões
Mercados secundários	8%	US $ 2,4 milhões

Liquidação de inventário excedente

A liquidação de inventário excedente contribuiu com US $ 15,6 milhões para a receita da Envella em 2023.

• Valor total de inventário liquidado: US $ 68,2 milhões
• Margem de liquidação média: 22,9%
• Número de transações de liquidação: 412

Serviços de segurança cibernética e destruição de dados

Os serviços de segurança cibernética e destruição de dados geraram US $ 8,5 milhões em receita para 2023.

Tipo de serviço	Receita anual	Número de clientes
Destruição de dados	US $ 5,2 milhões	93 clientes
Consultoria de segurança cibernética	US $ 3,3 milhões	47 clientes

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.