Envela Corp $ELA

What the company doesAI summary of filing

Envela is a revenue-generating company that operates two reportable segments: consumer and commercial. The consumer segment buys and sells pre-owned luxury hard assets including fine jewelry, diamonds, gemstones, luxury watches, and bullion through retail stores and online platforms, with roots tracing back to 1972. The commercial segment provides information technology asset disposition (ITAD), electronics recycling, product return services, and reclamation of base and precious metals from end-of-life electronic devices, with origins in the electronics recycling business founded in 2009 and ITAD business from 2007. The company generates revenue through retail sales of luxury goods, precious metals trading, fee-for-service relationships, and the sale of refurbished electronics and reclaimed materials. [10-K 2026-03-18]

Segments: Consumer - Fine Jewelry and Luxury Watches, Consumer - Precious Metals and Bullion, Commercial - ITAD and Product Returns, Commercial - Electronics Recycling and Materials Reclamation