Envela (ELA) financial statements
Envela reported revenue of $241M in fiscal 2025, up 19.5% a year over 9 years.
Net income was $15M and the operating margin 7.5%, against -7.4% in 2016.
Free cash flow was $1M, and the company returned $188,908 in net buybacks.
The diluted share count rose 97% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Envela's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48M | $62M | $54M | $82M | $114M | $141M | $183M | $172M | $180M | $241M |
| Cost of revenue | $40M | $51M | $44M | $66M | $16M | $22M | $31M | $134M | $136M | $187M |
| Gross profit | $8M | $11M | $10M | $16M | $23M | $31M | $45M | $42M | $44M | $54M |
| Selling, general and admin | $10M | $9M | $9M | $12M | $16M | $21M | $29M | $32M | $35M | $34M |
| Operating income | -$4M | $2M | $651,432 | $3M | $7M | $9M | $14M | $9M | $8M | $18M |
| Interest expense | $364,532 | $199,243 | $149,540 | $414,961 | $620,499 | $704,051 | $483,693 | $463,201 | $447,383 | $406,642 |
| Pre-tax income | -$4M | $2M | $718,357 | $3M | $6M | $10M | $14M | $9M | $9M | $19M |
| Income tax | $47,916 | $1,223 | $60,672 | $95,116 | $89,618 | $112,808 | -$1M | $2M | $2M | $4M |
| Net income | -$4M | $2M | $657,685 | $3M | $6M | $10M | $16M | $7M | $7M | $15M |
| EPS (diluted) | -$0.30 | $0.07 | $0.02 | $0.10 | $0.24 | $0.37 | $0.58 | $0.27 | $0.26 | $0.56 |
| Diluted shares | 13M | 27M | 27M | 27M | 27M | 27M | 27M | 27M | 26M | 26M |
| Gross margin | 17.2% | 18.2% | 17.9% | 19.8% | 20.2% | 22.1% | 24.5% | 24.3% | 24.6% | 22.4% |
| Operating margin | -7.4% | 3.2% | 1.2% | 4.0% | 6.0% | 6.7% | 7.6% | 5.1% | 4.5% | 7.5% |
| Net margin | -8.3% | 3.0% | 1.2% | 3.4% | 5.6% | 7.1% | 8.6% | 4.2% | 3.7% | 6.1% |
Balance sheet
Fiscal years, from Envela's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1M | $1M | $1M | $5M | $9M | $10M | $17M | $18M | $21M | $18M |
| Receivables | $245,095 | $767,761 | $94,345 | $3M | $3M | $7M | $8M | $8M | $4M | $11M |
| Inventory | $9M | $9M | $10M | $10M | $10M | $14M | $19M | $23M | $26M | $35M |
| Total current assets | $11M | $11M | $11M | $18M | $24M | $34M | $46M | $50M | $52M | $65M |
| Property, plant and equipment | $2M | $2M | $1M | $1M | $7M | $10M | $9M | $11M | $14M | $14M |
| Goodwill | — | — | $0 | $1M | $1M | $6M | $4M | $4M | $4M | $4M |
| Total assets | $13M | $13M | $13M | $27M | $41M | $59M | $71M | $73M | $78M | $96M |
| Total current liabilities | $7M | $6M | $5M | $5M | $6M | $10M | $9M | $9M | $13M | $19M |
| Long-term debt | $1,074 | — | — | $9M | $13M | $16M | — | $14M | $10M | $2M |
| Total liabilities | $7M | $6M | $5M | $16M | $23M | $32M | $28M | $25M | $25M | $29M |
| Shareholders' equity | $6M | $8M | $11M | $11M | $18M | $28M | $43M | $48M | $53M | $67M |
| Net debt | -$1M | -$1M | -$1M | $5M | $6M | $9M | -$17M | -$3M | -$7M | -$8M |
Cash flow
Fiscal years, from Envela's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $381,553 | $248,275 | $375,217 | -$542,828 | $7M | $3M | $10M | $6M | $10M | $3M |
| Capital spending | $1M | $376,837 | $125,132 | $102,989 | $6M | $3M | $272,748 | $2M | $3M | $1M |
| Free cash flow | -$798,229 | -$128,562 | $250,085 | -$645,817 | $1M | -$333,652 | $10M | $4M | $7M | $1M |
| Stock-based compensation | $101,782 | $10,688 | $0 | $0 | $325 | $0 | $0 | — | — | — |
| Share buybacks (net) | — | — | — | — | — | — | — | — | -$2M | -$188,908 |
| Net borrowing | -$2M | $0 | — | $0 | $2M | — | — | — | — | — |
| Free cash flow margin | -1.7% | -0.2% | 0.5% | -0.8% | 0.9% | -0.2% | 5.3% | 2.2% | 3.7% | 0.6% |
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Open ELA in InvestinglyQuestions
What was Envela's revenue in 2025?
$241M in fiscal 2025, from its 10-K filing.
How much free cash flow does Envela generate?
$1M in fiscal 2025 (operating cash flow minus capital spending).
From Envela's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.