Envela Corporation · AMEX:ELA
Envela — Q2 2025 Earnings Presentation
23 slides from Envela's earnings presentation, August 2025
Slide 1: Q2-2025 Financial Results
Q2-2025 FINANCIAL RESULTS AUGUST 2025
Slide 2: Index
INDEX INTRODUCTION FINANCIAL PERFORMANCE APPENDICES Disclaimers and References 3 Envela 6 Glossary 19 Overview 4 Consumer Segment 13 Historical Financial Results 20 Commercial Segment 16 Analyst Coverage 22 Contact Us 23 Q2- 2025 FINANCIAL RESULTS 2
Slide 3: Disclaimers and References
DISCLAIMERS AND REFERENCES ADDITIONAL REFERENCE MATERIALS THIRD-PARTY NAMES AND TRADEMARKS This presentation should be read in conjunction with materials from Envela Corporation. (“Envela” or All product and company names are trademarks or registered trademarks of the respective third- the “Company”
Slide 4: Overview: Consumer and Commercial Segments
CO N S U M E R S E G M E N T OVERVIEW Retail Wholesale Online Manufacturing • Bullion • Bullion • Bullion • Value manufacturing Envela is a portfolio of • Designer handbags • Diamonds & gemstones • Numismatics & collectibles capabilities utilizing • Fine jewelry leading brands dedicated to • Numisma
Slide 5: Financial Performance
5 Q2- 2025 FINANCIAL RESULTS FINANCIAL PERFORMANCE
Slide 6: Significant Items
Envela SIGNIFICANT ITEMS Relocated our Scottsdale store to its permanent location. Added to the US Small-Cap Russell 2000 Index. Strong performance from both our commercial and consumer segments, resulting in a 70.5% increase in operating income over the prior-year quarter. Net cash increased by 38.
Slide 7: Revenue and Gross Margin
Envela REVENUE AND GROSS MARGIN Consolidated Revenue ($ in thousands) $198,354 $182,686 $175,264 $180,376 $140,966 $113,922 TTM 6/30/2025: Revenue of $198.4 million 2020 2021 2022 2023 2024 TTM Gross Margin of $46.9 million 06/30/2025 Q2 2025: Consolidated Gross Margin ($ in thousands) Revenue of $5
Slide 8: Operating Income and Adjusted EBITDA
Envela OPERATING INCOME AND ADJUSTED EBITDA Consolidated Operating Income ($ in thousands) $13,945 $10,283 $9,497 $8,757 $8,159 $6,787 TTM 6/30/2025: Operating Income of $10.3 million 2020 2021 2022 2023 2024 TTM Adjusted EBITDA of $12.0 million 06/30/2025 Q2 2025: Consolidated Adjusted EBITDA ($ in
Slide 9: Equity and Liquidity
Envela EQUITY AND LIQUIDITY Shareholders' Equity ($ in thousands) $57,777 $52,652 $48,309 $43,316 $27,627 $17,578 Period Ended 6/30/2025: 2020 2021 2022 2023 2024 6/30/2025 Shareholders’ Equity of $57.8 Million Net Cash ($ in thousands) Cash and Cash Equivalents of $22.9 Million Total Debt of $13.0
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 6/30/25: 949,593 Remaining as of 6/30/25:
Slide 11: Quarterly Results
Envela QUARTERLY RESULTS $000s Q2 2025 Q2 2024 $ % Sales 54,877 45,297 9,580 21.1% Q2 2025 vs. Q2 2024: Cost of goods sold 42,489 33,908 8,581 25.3% Gross margin $ 12,388 $ 11,389 $ 998 8.8% Revenue increased 21.1% to $54.9 million in the second Expenses: Selling, general and administrative 8,672 9,
Slide 12: Consumer Segment
Q2- 2025 FINANCIAL RESULTS 12 SEGMENT CONSUMER
Slide 13: Consumer Segment Adjusted EBITDA
Consumer Segment ADJUSTED EBITDA Consumer Adjusted EBITDA ($ in thousands) $7,472 TTM 6/30/2025: $4,980 $5,008 Adjusted EBITDA of $1.6 million $3,437 Q2 2025: $1,606 $670 Adjusted EBITDA of $0.9 million 2020 2021 2022 2023 2024 TTM 6/30/2025 Q2- 2025 FINANCIAL RESULTS 13
Slide 14: Consumer Segment Quarterly Results
Consumer Segment QUARTERLY RESULTS $000s Q2 2025 Q2 2024 $ % Sales 43,174 31,990 11,184 35.0% Q2 2025 vs. Q2 2024: Cost of goods sold 38,516 27,969 10,547 37.7% Gross margin $ 4,658 $ 4,021 $ 637 15.8% Revenue increased 35.0% to $43.2 million in the second Expenses: Selling, general and administrati
Slide 15: Commercial Segment
COMMERCIAL CONSUMER Q2- 2025 FINANCIAL RESULTS SEGMENT SEGMENT 15
Slide 16: Commercial Segment Adjusted EBITDA
Commercial Segment ADJUSTED EBITDA Commercial Adjusted EBITDA ($ in thousands) $10,429 $9,041 TTM 6/30/2025: $7,924 Adjusted EBITDA of $10.4 million $5,443 $5,111 $4,079 Q2 2025: Adjusted EBITDA of $2.8 million 2020 2021 2022 2023 2024 TTM 6/30/2025 Q2- 2025 FINANCIAL RESULTS 16
Slide 17: Commercial Segment Quarterly Results
Commercial Segment QUARTERLY RESULTS $000s Q2 2025 Q2 2024 $ % Sales 11,703 13,307 (1,604) -12.1% Q2 2025 vs. Q2 2024: Cost of goods sold 3,973 5,939 (1,966) -33.1% Gross margin $ 7,730 $ 7,368 $ 362 4.9% Revenue decreased 12.1% to $11.7 million in the second Expenses: Selling, general and administr
Slide 18: Appendices
Q2- 2025 FINANCIAL RESULTS 18 APPENDICES
Slide 19: Glossary
GLOSSARY ADJUSTED EBITDA Adjusted EBITDA is a non-U.S. GAAP measure and equals net income plus (a) depreciation $ and amortization expense, (b) interest expense, (c) income tax expense, less (d) other income. U.S. Dollar GROSS MARGIN Gross Margin is the amount of revenue less cost of goods sold, as
Slide 20: Historical Consolidated Financial Results
HISTORICAL Consolidated TTM FINANCIAL $000s, except per unit amounts FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 6/30/2025 Sales 113,922 140,966 182,686 175,264 180,376 198,354 Cost of goods sold 90,853 109,745 137,859 133,607 136,060 151,393 RESULTS Gross margin % of sales $ 23,069 20.2% $ 31,221 22.1%
Slide 21: Historical Segment Financial Results
Consumer Segment Commercial Segment TTM TTM $000s FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 6/30/2025 $000s FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 6/30/2025 Sales 85,661 96,719 131,107 129,414 130,469 150,198 Sales 28,261 44,247 51,578 45,850 49,907 48,156 Cost of goods sold 75,292 84,111 114,873 113
Slide 22: 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 Q2- 2025 FINANCIAL RESULTS brileyfin.com lakestreetcapitalmarkets.com Source
Slide 23: Thank You / 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