Envela Corp (NYSE American: ELA) is a recommerce and recycling services company that buys and sells pre-owned consumer goods and manages end-of-life technology assets through two segments: Consumer and Commercial. The Consumer segment generates revenue through transactional buying and selling of pre-owned luxury goods, fine jewelry, gold and silver bullion, and diamonds across physical retail locations. The Commercial segment earns revenue through IT asset disposition (ITAD), electronics recycling, data destruction, asset refurbishment, remarketing, and product return services for business clients. Founded in 1965 and headquartered in Texas, Envela operates 18 total facilities across Texas, Arizona, and South Carolina as of the 10-K filed March 18, 2026. Consolidated revenue was $244.6M in FY2025, up 20.3% from FY2024. The Commercial segment contributed the larger share, with segment-level revenue of approximately $48.8M in FY2025 versus the Consumer segment. Leadership includes John R. Loftus and John G. DeLuca in certified executive roles per the FY2025 10-K.

Revenue model

Transactional revenue from buying and reselling pre-owned luxury goods, jewelry, bullion, and diamonds in the Consumer segment, and fee-based and transactional revenue from ITAD services, electronics recycling, data destruction, refurbishment, remarketing, and product returns in the Commercial segment.

Products and services

Consumer segment: pre-owned fine jewelry, diamonds, luxury watches, gold and silver bullion. Commercial segment: IT asset disposition (ITAD), electronics recycling, data destruction, asset refurbishment, remarketing of used electronics, product return processing, logistics, and responsible disposition services. Electronic waste streams also yield recoverable gold, silver, copper, and aluminum.

Customers and end markets

Consumer segment serves individual retail buyers and sellers of luxury hard assets and precious metals. Commercial segment serves businesses including retailers and global electronics manufacturers seeking end-of-life IT asset management, sustainability compliance, and product return handling. Both business partners and individual consumers are served across verticals.

Value-chain role

Envela operates as a secondary-market intermediary and circular-economy services provider. It acquires used assets from consumers and businesses, processes or authenticates them, and resells through retail stores and commercial channels. The Commercial segment handles de-manufacturing, data destruction, refurbishment, and remarketing, sitting between enterprise asset owners and secondary markets or recyclers.

Geographic exposure

Operations concentrated in the United States. As of the 10-K filed March 18, 2026, Envela operates 15 consumer facilities (10 in Texas, 4 in Arizona, 1 in South Carolina), 2 commercial facilities in Texas, and 1 corporate facility in Texas, totaling 18 facilities.

Source: SEC 10-K, filed 2026-03-18

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