Envela Corporation · AMEX:ELA
Envela — Q1 2026 Earnings Presentation
26 slides from Envela's earnings presentation, May 2026
Slide 1: Q1-2026 Financial Results
Q1-2026 FINANCIAL RESULTS M AY 2 0 2 6
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 Q1- 2026 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 Q1- 2026 FINANCIAL RESULTS FINANCIAL PERFORMANCE
Slide 6: Envela Significant Items
Envela SIGNIFICANT ITEMS Strong Q1-26 financial performance across our segments, resulting in adjusted EBITDA of $11.7 million, representing an $8.1 million or 228.2% increase over the prior-year quarter. Net cash $28.8 million, representing $20.6 million or 250.1% increase over Dec-25. Q1- 2026 FIN
Slide 7: Revenue and Gross Margin
Envela REVENUE AND GROSS MARGIN Consolidated Revenue ($ in thousands) $291,146 $241,021 $182,686 $175,264 $180,376 Trailing Four Quarters 03/31/2026: Revenue of $291.1 million Gross Margin of $62.6 million 2022 2023 2024 2025 Trailing Four Q1 2026: Quarters Ended 03/31/2026 Revenue of $98.4 million
Slide 8: Operating Income and Adjusted EBITDA
Envela OPERATING INCOME AND ADJUSTED EBITDA Consolidated Operating Income ($ in thousands) $26,201 $18,109 $13,944 Trailing Four Quarters Ended 03/31/2026: $8,757 $8,159 Operating Income of $26.2 million 2022 2023 2024 2025 Trailing Four Adjusted EBITDA of $28.1 million Quarters Ended Q1 2026: 03/31
Slide 9: Equity and Liquidity
Envela EQUITY AND LIQUIDITY Shareholders' Equity ($ in thousands) $75,900 $67,060 $52,652 $48,309 $43,316 Period Ended 03/31/2026: Shareholders’ Equity of $75.9 million Cash and Cash Equivalents of $38.6 million 2022 2023 2024 2025 03/31/2026 Total Debt of $9.8 million Net Cash ($ in thousands) Net
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 03/31/26: 961,155 Remaining Q1- 2026 FINAN
Slide 11: Quarterly Results
Envela QUARTERLY RESULTS $000s Q1 2026 Q1 2025 $ % Q1 2026 vs. Q1 2025: Sales 98,381 48,256 50,125 103.9% Cost of goods sold 77,760 36,288 41,473 114.3% Revenue increased 103.9% to $98.4 million in the first Gross margin $20,620 $11,968 $8,652 72.3% quarter of 2026 compared to $48.3 million in the p
Slide 12: Consumer Segment
Q1- 2026 FINANCIAL RESULTS 12 SEGMENT CONSUMER
Slide 13: Consumer Segment Operating Income and Adjusted EBITDA
Consumer Segment OPERATING INCOME AND ADJUSTED EBITDA Consumer Operating Income ($ in thousands) $11,966 Trailing Four Quarters Ended 03/31/26: $7,061 $6,678 $4,682 Operating Income of $12.0 million Adjusted EBITDA of $12.8 million $145 2022 2023 2024 2025 Trailing Four Q1 2026: Quarters Ended 03/31
Slide 14: Consumer Segment Quarterly Results
Consumer Segment QUARTERLY RESULTS $000s Q1 2026 Q1 2025 $ % Q1 2026 vs. Q1 2025: Sales 81,794 36,771 45,023 122.4% Cost of goods sold 72,093 32,560 39,533 121.4% Gross margin $9,701 $4,211 $5,490 130.4% Revenue increased 122.4% to $81.8 million in the first quarter of 2026 compared to $36.8 million
Slide 15: Commercial Segment
COMMERCIAL CONSUMER Q1- 2026 FINANCIAL RESULTS SEGMENT SEGMENT 15
Slide 16: Commercial Segment Operating Income and Adjusted EBITDA
Commercial Segment OPERATING INCOME AND ADJUSTED EBITDA Commercial Operating Income ($ in thousands) $14,235 $11,431 $8,013 $6,883 Trailing Four Quarters Ended 03/31/26: $4,074 Operating Income of $14.2 million Adjusted EBITDA of $15.3 million 2022 2023 2024 2025 Trailing Four Quarters Ended 03/31/2
Slide 17: Commercial Segment Quarterly Results
Commercial Segment QUARTERLY RESULTS $000s Q1 2026 Q1 2025 $ % Q1 2026 vs. Q1 2025: Sales 16,587 11,485 5,102 44.4% Cost of goods sold 5,668 3,728 1,939 52.0% Gross margin $10,920 $7,757 $3,163 40.8% Revenue increased 44.4% to $16.6 million in the first quarter of 2026 compared to $11.5 million in t
Slide 18: Appendices
Q1- 2026 FINANCIAL RESULTS 18 APPENDICES
Slide 19: Historical Financial Results
HISTORICAL Consolidated Trailing Four Quarters Ended FINANCIAL $000s, except per unit amounts Sales Cost of goods sold FY 2022 182,686 137,859 FY 2023 175,264 133,607 FY 2024 180,376 136,060 FY 2025 241,021 187,096 03/31/2026 291,146 228,569 RESULTS Gross margin Expenses: $44,827 $41,657 $44,316 $53
Slide 20: Historical Financial Results by Segment
HISTORICAL FINANCIAL RESULTS Consumer Segment Commercial Segment Trailing Four Trailing Four Quarters Quarters Ended Ended $000s FY 2022 FY 2023 FY 2024 FY 2025 03/31/2026 $000s FY 2022 FY 2023 FY 2024 FY 2025 03/31/2026 Sales Sales 131,107 129,414 130,469 192,718 237,740 51,578 45,850 49,907 48,304
Slide 21: Supplemental Financial Metrics
SUPPLEMENTAL FINANCIAL METRICS $000s 12/31/22 12/31/23 12/31/24 12/31/25 03/31/2026 Consolidated Debt Trailing Four Debt Obligations $15,978 $14,933 $13,522 $9,924 $9,796 Quarters QTR. 2 QTR. 3 QTR. 4 QTR. 1 Ended Total Cash (17,170) (17,854) (20,609) (18,155) (38,615) $000s FY 2025 FY 2025 FY 2025
Slide 22: Supplemental Financial Metrics
SUPPLEMENTAL FINANCIAL METRICS Consolidated Consumer Trailing Four Quarters Trailing Four QTR. 2 QTR. 3 QTR. 4 QTR. 1 Ended Quarters $000s FY 2025 FY 2025 FY 2025 FY 2026 03/31/2026 QTR. 2 QTR. 3 QTR. 4 QTR. 1 Ended Cost of goods sold less shipping and handling costs $000s FY 2025 FY 2025 FY 2025 FY
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 Q1- 2026 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