Envela Corporation · AMEX:ELA
Envela — Q4 2025 Earnings Presentation
26 slides from Envela's earnings presentation, March 2026
Slide 1: Q4-2025 Financial Results
Q4-2025 FINANCIAL RESULTS MARCH 2026
Slide 2: Index
INDEX INTRODUCTION FINANCIAL PERFORMANCE APPENDICES Disclaimers and References 3 Envela 6 Historical Financial Results 19 Overview 4 Consumer Segment 13 Supplemental Financial Metrics 21 Commercial Segment 16 Glossary 23 Analyst Coverage 25 Contact Us 26 Q4- 2025 FINANCIAL RESULTS 2
Slide 3: Disclaimers and References
DISCLAIMERS AND REFERENCES ADDITIONAL REFERENCE MATERIALS NON-UNITED STATES (“U.S.”) GENERALLY ACCEPTED This presentation should be read in conjunction with materials from Envela Corporation (“Envela” or the ACCOUNTING PRINCIPLES (“GAAP”) FINANCIAL MEASURES “Company”), including news releases, websi
Slide 4: Overview
OVERVIEW CO N S U M E R S E G M E N T Retail Wholesale Online Manufacturing • Bullion • Bullion • Bullion • Value manufacturing Envela is a portfolio of • Designer handbags • Scrap jewelry • Numismatics & capabilities utilizing repurposed • Fine jewelry • Diamonds & collectibles leading brands dedic
Slide 5: Financial Performance
5 Q4- 2025 FINANCIAL RESULTS FINANCIAL PERFORMANCE
Slide 6: Envela Significant Items
Envela SIGNIFICANT ITEMS Annual diluted earnings per share of $0.56, up 117.7% over the prior year comparative. Record Adjusted EBITDA of $20.0 million, up 105.7% over the prior year comparative. Record annual net cash position of $8.2 million, up 16.1% over the prior period comparative. Repaid a $2
Slide 7: Revenue and Gross Margin
Envela REVENUE AND GROSS MARGIN Consolidated Revenue ($ in thousands) $241,021 $182,686 $175,264 $180,376 FY 2025: $140,966 Revenue of $241.0 million Gross Margin of $53.9 million 2021 2022 2023 2024 2025 Q4 2025: Consolidated Gross Margin ($ in thousands) Revenue of $80.5 million $53,925 Gross Marg
Slide 8: Operating Income and Adjusted EBITDA
Envela OPERATING INCOME AND ADJUSTED EBITDA Consolidated Operating Income ($ in thousands) $18,109 $13,945 $9,497 $8,757 $8,159 FY 2025: Operating Income of $18.1 million Adjusted EBITDA of $20.0 million 2021 2022 2023 2024 2025 Q4 2025: Consolidated Adjusted EBITDA ($ in thousands) Operating Income
Slide 9: Equity and Liquidity
Envela EQUITY AND LIQUIDITY Shareholders' Equity ($ in thousands) $67,060 $52,652 $48,309 $43,316 Period Ended 12/31/2025: $27,627 Shareholders’ Equity of $67.1 million Cash and Cash Equivalents of $18.2 million 2021 2022 2023 2024 2025 Total Debt of $9.9 million Net Cash ($ in thousands) Net Cash o
Slide 10: Share Repurchases
Envela SHARE REPURCHASES The company has implemented a strategic buyback program, recognizing the inherent value of repurchasing stock when it is undervalued. This initiative reflects our ongoing commitment to maximizing shareholder value. Repurchased as of 12/31/25: 961,155 Remaining Q4- 2025 FINAN
Slide 11: Quarterly Results
Envela QUARTERLY RESULTS $000s Q4 2025 Q4 2024 $ % Q4 2025 vs. Q4 2024: Sales 80,499 48,322 32,177 66.6% Cost of goods sold 63,998 37,180 26,818 72.1% Revenue increased 66.6% to $80.5 million in the fourth Gross margin $16,501 $11,141 $5,360 48.1% quarter of 2025 compared to $48.3 million in the pri
Slide 12: Consumer Segment
Q4- 2025 FINANCIAL RESULTS 12 SEGMENT CONSUMER
Slide 13: Consumer Segment Operating Income and Adjusted EBITDA
Consumer Segment OPERATING INCOME AND ADJUSTED EBITDA Consumer Operating Income ($ in thousands) $7,061 $6,678 $4,590 $4,682 FY 2025: Operating Income of $6.7 million $145 Adjusted EBITDA of $7.5 million 2021 2022 2023 2024 2025 Q4 2025: Operating Income of $4.6 million Consumer Adjusted EBITDA ($ i
Slide 14: Consumer Segment Quarterly Results
Consumer Segment QUARTERLY RESULTS $000s Q4 2025 Q4 2024 $ % Q4 2025 vs. Q4 2024: Sales 67,705 36,497 31,208 85.5% Cost of goods sold 58,851 32,102 26,749 83.3% Gross margin $8,854 $4,395 $4,459 101.5% Revenue increased 85.5% to $67.7 million in the fourth quarter of 2025 compared to $36.5 million i
Slide 15: Commercial Segment
COMMERCIAL CONSUMER Q4- 2025 FINANCIAL RESULTS SEGMENT SEGMENT 15
Slide 16: Commercial Segment Operating Income and Adjusted EBITDA
Commercial Segment OPERATING INCOME AND ADJUSTED EBITDA Commercial Operating Income ($ in thousands) $11,431 $8,013 $6,883 FY 2025: $4,907 $4,074 Operating Income of $11.4 million Adjusted EBITDA of $12.5 million 2021 2022 2023 2024 2025 Q4 2025: Commercial Adjusted EBITDA ($ in thousands) Operating
Slide 17: Commercial Segment Quarterly Results
Commercial Segment QUARTERLY RESULTS $000s Q4 2025 Q4 2024 $ % Q4 2025 vs. Q4 2024: Sales 12,794 11,825 969 8.2% Cost of goods sold 5,147 5,079 69 1.4% Revenue increased 8.2% to $12.8 million in the fourth Gross margin $7,647 $ 6,746 $900 13.3% quarter of 2025 compared to $11.8 million in the prior-
Slide 18: Appendices
Q4- 2025 FINANCIAL RESULTS 18 APPENDICES
Slide 19: Historical Financial Results
HISTORICAL Consolidated FINANCIAL $000s, except per unit amounts Sales FY 2021 140,966 FY 2022 182,686 FY 2023 175,264 FY 2024 180,376 FY 2025 241,021 RESULTS Cost of goods sold 109,745 137,859 133,607 136,060 187,096 Gross margin $31,221 $44,827 $41,657 $44,316 $53,925 Expenses: Selling, general an
Slide 20: Historical Financial Results by Segment
HISTORICAL FINANCIAL RESULTS Consumer Segment Commercial Segment $000s FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 $000s FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Sales 96,719 131,107 129,414 130,469 192,718 Sales 44,247 51,578 45,850 49,907 48,304 Cost of goods sold 84,111 114,873 113,765 114,588 169,793
Slide 21: Supplemental Financial Metrics
SUPPLEMENTAL FINANCIAL METRICS $000s 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 Consolidated Debt Debt Obligations $18,736 $15,977 $14,933 $13,522 $9,925 QTR. 1 QTR. 2 QTR. 3 QTR. 4 Total Cash (10,138) (17,170) (17,854) (20,609) (18,155) $000s FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 Net Debt Oblig
Slide 22: Supplemental Financial Metrics
SUPPLEMENTAL FINANCIAL METRICS Consolidated Consumer QTR. 1 QTR. 2 QTR. 3 QTR. 4 QTR. 1 QTR. 2 QTR. 3 QTR. 4 $000s FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 $000s FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 Cost of goods sold less shipping and handling costs Cost of goods sold less shipping and handling c
Slide 23: Glossary
GLOSSARY ADJUSTED DEBT TO ADJUSTED EBITDAR LEVERAGE RATIO CAPITAL EXPENDITURES The Adjusted Debt to Adjusted EBITDAR Leverage Ratio is a non-U.S. GAAP Capital Expenditures represent the purchase of (i) property and equipment, and (ii) measure and represents (i) Adjusted Debt Obligations divided by (
Slide 24: Glossary
GLOSSARY INVENTORY TURNOVER REVENUE Inventory Turnover Ratio is a performance measure and represents (i) cost of goods Revenue is total sales derived from the income statement. sold less shipping and handling costs divided by (ii) Average Inventory. The Company excludes shipping and handling costs i
Slide 25: Analyst Coverage
ANALYST COVERAGE Jeff Van Sinderen Richard Magnusen Mark Argento A N A LY S T A N A LY S T A N A LY S T jvansinderen@brileyfin.com rmagnusen@brileyfin.com mark.argento@lakestreetcm.com 310-966-9098 310-966-9368 612-326-1311 Q4- 2025 FINANCIAL RESULTS brileyfin.com lakestreetcapitalmarkets.com 25
Slide 26: Contact Us
THANK YOU CONTACT US HEADQUARTERS Envela Corporation 1901 Gateway Drive Irving, TX 75038 PHONE (972) 587-4049 INVESTOR RELATIONS CONTACT ir@envelacorp.com envela.com