Imagine Envela as a publicly traded entity that's a blend of a **major jewelry and precious metals dealer** (like a comprehensive **Zales** that also trades in bullion and rare coins) and a **specialized electronics recycling and IT asset disposition provider** for businesses (similar to a focused division of **Waste Management**).

• Jewelry & Fine Watches: Buys and sells bridal, fashion, and custom-made jewelry, diamonds, gemstones, and watches.
• Precious Metals & Bullion: Buys and sells gold, silver, platinum, and palladium products, including coins, medallions, and bars.
• Numismatics: Buys and sells rare coins, currency, medals, tokens, and other collectibles.
• Jewelry & Watch Repair Services: Provides repair services for jewelry and watches.
• Electronics Recycling & IT Asset Disposition (ITAD): Offers end-of-life electronics recycling, disposal, product tracking, compliance, and data sanitization services for IT assets.
• IT Infrastructure Services: Provides services for software upgrades, hardware/networking capabilities, and cloud migration for companies.

John R. Loftus, Chairman of the Board, Chief Executive Officer, and President

John R. Loftus has served as Envela Corporation's Chairman of the Board, Chief Executive Officer, and President since December 12, 2016. He is credited with leading the company's turnaround, guiding it to eight consecutive annual profits by 2024, and overseeing the expansion of its retail presence and the establishment of a new Commercial Division. Mr. Loftus holds a Master of Business Administration from Southern Methodist University's Cox School of Business.

John DeLuca, Chief Financial Officer

John DeLuca was appointed Chief Financial Officer of Envela Corporation on March 25, 2024. Prior to this role, he served as the company's Vice President of Finance and Commercial Segment Controller. Mr. DeLuca brings over 20 years of experience in the secondary metal-processing industry, with a comprehensive background in finance, operations, and planning. His career includes significant roles in both public and private-equity-backed companies, demonstrating expertise in P&L management, accounting, and financial planning and analysis. He is a Certified Public Accountant (CPA).

Allison DeStefano, Head of Consumer Division

Allison DeStefano leads Envela's Consumer Division. She has been actively involved in the company's strategic growth initiatives, including the acquisition of Steven Kretchmer, Inc., a jewelry manufacturer, to enhance the Consumer Division's offerings. Ms. DeStefano also serves as a Director on Envela's board.

Alexandra C. Griffin, Independent Director

Alexandra C. Griffin has served as an Independent Director of Envela Corporation since January 17, 2017. She currently holds the position of Accounting Manager for Zelus Analytics. Ms. Griffin is a Certified Public Accountant (CPA) and holds a Bachelor of Science in Accounting from the University of Texas at Arlington.

Jim R. Ruth, Independent Director

Jim R. Ruth has been an Independent Director of Envela Corporation since January 17, 2017. Before his retirement in 2020, Mr. Ruth served as the Chief Executive Officer for a leading teaming platform in the software-as-a-service space, catering to small federal contractors. He holds a Master of Business Administration from Southern Methodist University's Cox School of Business.

The key risks to Envela's business include its sensitivity to commodity price fluctuations, particularly gold, and regulatory and compliance risks associated with its refining partnerships and IT asset disposition services, as well as competitive pressures in its retail segments.

1. Commodity Price Sensitivity: Envela's consumer segment, which deals with luxury goods like jewelry, rare coins, and gold, is highly correlated to commodity prices. A significant decline in the price of commodities, especially gold, could adversely affect the segment's sales volumes and profit margins.

2. Regulatory and Compliance Risks: Envela faces risks related to evolving governmental regulations. Its refining partners are subject to increasingly stringent regulations, changes to which could negatively impact Envela's business. Furthermore, in its IT asset disposition (ITAD) services, the company is exposed to potential losses if it fails to properly manage and protect clients' assets throughout the ITAD process, implying data security and environmental compliance risks.

3. Competition: Envela operates in competitive markets, particularly in its direct-to-consumer segment for luxury hard assets such as fine jewelry, luxury watches, diamonds, and bullion. The company competes with established retailers, auction houses, online platforms, and other resale marketplaces. These competitive conditions could negatively affect Envela's financial performance and its capacity to expand its business strategy.

• The rapid growth and increasing consumer acceptance of lab-grown diamonds, which offer a chemically identical, often lower-cost, and ethically unambiguous alternative to mined diamonds, directly challenging a core product offering in Envela's jewelry business.
• The increasing adoption of cryptocurrencies and other digital assets as alternative stores of value and investment vehicles, potentially diverting capital from the physical bullion products (gold, silver, platinum, palladium) that Envela sells.

Addressable Market Sizes for Envela (ELA)

Envela (ELA) operates in several distinct markets, including jewelry and bullion sales, numismatic items, jewelry and watch repair services, and electronics recycling and IT asset disposition (ITAD) services. The addressable market sizes for these key products and services, primarily within the United States, are substantial:

Jewelry and Fine Watch Products

• The U.S. jewelry market was valued at approximately USD 73.32 billion in 2023 and is projected to reach USD 96.61 billion by 2030, demonstrating a Compound Annual Growth Rate (CAGR) of 4.1% from 2024 to 2030. Another estimate places the U.S. jewelry market size at USD 78.40 billion in 2024, with a projection to reach USD 97.62 billion by 2030, growing at a CAGR of 3.72%.
• The U.S. luxury jewelry and watches market stood at USD 92.84 billion in 2025 and is anticipated to grow to USD 168.19 billion by 2034, with a CAGR of 6.83% from 2026 through 2034.
• The global custom jewelry service market is anticipated to increase from USD 3.95 billion in 2025 to USD 4.3 billion in 2026, registering a CAGR of 8.9%, and is expected to reach USD 5.97 billion by 2030. North America held the largest share of this market in 2025.

Bullion Products (Gold, Silver, Platinum, and Palladium)

• The global gold bullion market was valued at USD 53.15 billion in 2024 and is projected to reach USD 121.98 billion by 2031, exhibiting a CAGR of 12.60% from 2024 to 2031. North America accounted for over 40% of the global revenue in 2024, with a market size of USD 21.26 billion. Specifically, the U.S. gold bullion market size was USD 16.78 million in 2024. Another source estimates the global gold bullion market size at USD 86.42 billion in 2025, growing to USD 97.72 billion in 2026 at a CAGR of 13.1%.
• The U.S. bullion and precious metal e-commerce market generated an e-commerce revenue of US$6,757 million in 2025.

Numismatic Items (Rare Coins, Currency, Medals, Tokens, and other Collectibles)

• The global collectibles market was estimated at USD 320.30 billion in 2025 and is projected to reach USD 535.50 billion by 2033, growing at a CAGR of 6.9% from 2026 to 2033.
• The North American collectibles market accounted for a revenue share of 32.8% in 2025. The U.S. collectibles market size was USD 64.92 billion in 2025 and is forecasted to reach approximately USD 113.33 billion by 2034, with a CAGR of 6.30% from 2025 to 2034.
• The global coin collection market was valued at USD 9.6 billion in 2023 and is projected to reach USD 23.01 billion by 2032, growing at a CAGR of 10.2%. North America is identified as a leading region in this market.

Jewelry and Watch Repair Services

• The global jewelry repair service market is projected to reach USD 242.79 billion by 2025, with an estimated CAGR of 5.1% from 2025 to 2033.

End-of-Life Electronics Recycling and IT-Asset Disposition (ITAD) Services

• The global electronic waste recycling market was valued at USD 46.81 billion in 2025, with projections to reach USD 80.43 billion by 2033, demonstrating a CAGR of 7.00% from 2025 to 2033.
• The U.S. electronic waste recycling market size was valued at USD 13.67 billion in 2025. Another report indicates the U.S. market size was USD 14.53 billion in 2025 and is projected to reach USD 19.84 billion by 2035, growing at a CAGR of 3.96% during 2026-2035.
• The global IT Asset Disposition (ITAD) market size was valued at USD 17.5 billion in 2025 and is projected to reach USD 40.1 billion in 2035, growing at a CAGR of 8.9% from 2026–2035.
• The U.S. IT asset disposition market reached USD 5.3 billion in 2025. The IT asset disposition market in the U.S. is expected to grow significantly at a CAGR of 11.4% from 2025 to 2030. The North America ITAD market was valued at USD 6.4 billion in 2025.

• Expansion of Retail Footprint: The company is actively expanding its physical presence, having nearly doubled its retail store locations and entered two new markets in 2024. Envela aims to continue pushing the boundaries of its retail experience and, as of early 2024, planned to open seven new stores by the end of 2024, including three in the Phoenix area.
• Growth in Commercial IT Asset Disposition (ITAD) Services: Envela's commercial division, focused on ITAD services, achieved record adjusted EBITDA in 2024. This growth is driven by expanded asset sourcing and enhanced service relationships, with the company emphasizing operational excellence, client satisfaction, and innovation to ensure long-term success in this profitable segment.
• Leveraging High Precious Metals Prices and Defensive Consumer Behavior: The Consumer division is benefiting from elevated precious metals prices and a trend of more defensive consumer spending. This environment encourages consumers to buy and sell pre-owned luxury goods, aligning well with Envela's strategy to acquire discounted precious metals and resell them competitively.
• Increasing Demand for Re-commerce and Circular Economy Solutions: Envela positions itself at the forefront of the circular economy, offering re-commerce services that promote reuse and recycling. The company anticipates continued growth by capitalizing on rising demand for pre-owned goods, driven by evolving consumer preferences for sustainable and value-oriented alternatives.

Share Repurchases

• Envela's Board of Directors authorized a share repurchase program for up to 1 million shares of common stock on March 17, 2023.
• The Board authorized the repurchase of an additional 100,000 shares on March 27, 2025, increasing the total authorization to 1,100,000 shares through March 31, 2026.
• Since March 2023, Envela has spent over $4.8 million to repurchase 961,155 shares of common stock as of September 30, 2025.

Outbound Investments

• On June 10, 2021, Envela's subsidiary CEX Holdings, LLC acquired the assets of CExchange LLC, a company specializing in electronics-trade-in services, to expand its presence in the recommerce sector.
• Envela acquired Steven Kretchmer, Inc., a jewelry manufacturer, for $0.3 million on September 12, 2023, to diversify and enhance its Consumer Division.
• The company has announced discussions to acquire Bluebonnet Sterling, LLC, which specializes in vintage and estate sterling-silver jewelry, as part of its strategy to expand product offerings in the recommerce sector.

Capital Expenditures

• Envela's trailing twelve months (TTM) average capital expenditure over 10 years was $1.51 million as of September 30, 2025.
• Over the past five years, the average capital expenditure over 10 years was $1.06 million, with a range from $397.33 thousand to $1.51 million.
• The company agreed to purchase a new 72,000+ square foot office building on over five acres in Las Colinas, Irving, Texas, for its corporate headquarters and Teladvance, LLC, to support growth and enhance operational capacity.