Envela reported quarterly revenue of $98.4 million, up from $48.3 million a year earlier, with gross margin rising to $20.6 million from $12.0 million. Operating income reached $11.2 million versus $3.1 million, net income was $8.8 million ($0.34 diluted) compared to $2.5 million ($0.10), and adjusted EBITDA climbed to $11.7 million from $3.6 million.

The Consumer segment generated $81.8 million in revenue, more than doubling from $36.8 million, and delivered operating income of $5.4 million versus $0.1 million in the prior-year quarter. The Commercial segment achieved $16.6 million in sales and $5.8 million in operating income, up from $11.5 million and $3.0 million, respectively, reflecting strong demand for secondary goods and precious metals.

Cash and cash equivalents increased to $38.6 million from $18.2 million at year-end 2024, while long-term debt held near $9.8 million and shareholders’ equity rose to $75.9 million. The company opened a new retail store on May 1, enhancing sourcing capabilities and supporting its disciplined capital management strategy.