ELA earnings analysis
What we found in ELA's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Envela Corporation posted a remarkable Q1 2026, with revenues soaring to $98.38 million, a 103.9% increase year-over-year from $48.26 million. Notably, gross margins fell to 21.0% from 24.8% in the prior year; however, net income surged to $8.84 million, significantly up from $2.49 million, resulting in an EPS of $0.34, up 240%. The company successfully capitalized on increased demand for safe-haven metals alongside an expanded consumer segment, evidenced by substantial growth in both revenue and net income.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 122.4% Growth in Consumer Segment Revenue
- Consumer segment revenue increased significantly to $81.79 million, up from $36.77 million, reflecting a 122.4% rise.
- Operating Cash Flow Up 1770.5%
- Operating cash flow surged to $21.16 million, compared to just $1.13 million in Q1 2025.
- Net Income 254.5% Increase
- Net income reached $8.84 million, up from $2.49 million in Q1 2025.
- EPS Jumped to $0.34
- Diluted EPS rose sharply to $0.34, compared to $0.10 in the same quarter last year.
- Free Cash Flow Robust at $20.59M
- Free cash flow reached $20.59 million, indicating solid liquidity and operational performance.
- Operating Margin at 11.4%
- Operating margin improved to 11.4%, marking a significant rise from 6.5% in the previous year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Commodity Price Fluctuations Risk
- Potential exposure to market fluctuations in commodities, particularly precious metals, could impact profit margins.
- Interest Rate and Inflation Risk
- Rising interest rates and inflation could affect consumer spending and operational costs.
- Inventory Management Challenges
- Increased working capital requirements due to higher commodity costs may create liquidity pressures.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.34
- Gross margin
- 21.0%
- Operating margin
- 11.4%
- Segment
- Consumer: 81.79 million
- Segment
- Commercial: 16.59 million
What they said about what is next.
Management continues to monitor market conditions and may adjust purchasing strategies accordingly.
The filing reads better than the one before it.
What came before.
- 10-K · March 18, 2026
- Envela reported a material revenue acceleration in FY2025 driven by a Q4 revenue surge to $80,499,000 and higher operating profitability; annual activity appears to have grown vs FY2024 driven by both consumer bullion…
- 10-Q · November 5, 2025
- Envela reported a strong Q3 with sales of $57,389,411 (up $10,489,852 vs Q3 2024) and diluted EPS of $0.13 (vs $0.06 prior year), both beating consensus. Gross margin was $13,067,930 (≈22.78% of sales) and operating…
- 10-Q · May 7, 2025
- Envela reported Q1 2025 revenue of $48,255,829, up $8,398,049 (21.1%) versus $39,857,780 in Q1 2024, with gross margin dollars rising to $11,968,024 and operating income increasing to $3,118,421. Diluted EPS improved to…
- 10-Q · November 5, 2024
- Envela reported Q3 sales of $46,899,559, up $10,023,073 (≈27.2%) versus Q3 2023 ($36,876,486). Gross profit rose to $11,464,239 but gross margin compressed to ~24.44%; operating income was $2,020,472 and diluted EPS was…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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