Filing Flows › Envela (ELA) › Q1 2025
Envela (ELA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Envela (ELA) reported revenue of $48.3M for the first quarter 2025 (Q1 2025), +21% from a year earlier and -0.1% from the quarter before. Operating margin was 6.5%, net earnings $2.5M (5.2% of revenue).
Envela, Q1 2025: revenue $48.3M (+21% year over year), operating margin 6.5%, net earnings $2.5M, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.3M | -0.1% | +21% |
| Gross profit | $12.0M | +7% | +16% |
| Operating profit | $3.1M | +65% | +33% |
| Net earnings | $2.5M | +56% | +31% |
| Operating cash flow | $1.1M | -70% | -70% |
| Free cash flow | $747K | -77% | -78% |
What changed
Revenue was $48.3M in Q1 2025, up 21% year over year and roughly flat from the previous quarter. Consumer segment was the largest line at 76% of revenue. Consumer segment added $8.5M year over year (up 30%), 102% of the total change. Commercial segment declined 1%.
Gross margin was 24.8%, down 1.1 points from a year earlier. Operating profit was $3.1M, a 6.5% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, above the 6% margin then. Operating expenses grew 11% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+30%). Net earnings were $2.5M, up 31% year over year. The effective tax rate was 22.5%.
Operating cash flow was $1.1M (down 70% year over year), 45% of net earnings. Non-cash charges added back $445K of depreciation and amortization. Working capital and other items used $1.8M. Capital expenditures of $384K left free cash flow of $747K.
Questions
What was Envela's revenue in the first quarter 2025?
Envela (ELA) reported revenue of $48.3M for the first quarter 2025 (Q1 2025), +21% from a year earlier and -0.1% from the quarter before.
Was Envela profitable in the first quarter 2025?
Operating profit was $3.1M (6.5% of revenue) and net earnings $2.5M.
Source: Envela 10-Q on SEC EDGAR.