Filing Flows › Envela (ELA) › Q2 2026 › vs Q1 2026
Envela (ELA) Q2 2026 vs Q1 2026 (quarter over quarter)
Envela's revenue fell $41.6M (-42%) from $98.4M in Q1 2026 to $56.8M in Q2 2026. The biggest changes: Consumer segment −$37.1M (-45%); Commercial segment −$4.5M (-27%). Gross margin 23.6% against 21.0% (+2.6 pts).
Envela, Q2 2026: revenue $56.8M (+4% year over year), operating margin 9.0%, net earnings $4.2M, operating cash flow $5.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 23.6% | 21.0% | +2.6 pts |
| Operating margin | 9.0% | 11.4% | -2.4 pts |
| Net margin | 7.4% | 9.0% | -1.6 pts |
| Free cash flow margin | 8.7% | 20.9% | -12.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Consumer segment | $44.7M | $81.8M | −$37.1M | -45% |
| Commercial segment | $12.0M | $16.6M | −$4.5M | -27% |
| Revenue | $56.8M | $98.4M | −$41.6M | -42% |
| Gross profit | $13.4M | $20.6M | −$7.2M | -35% |
| Cost of revenue | $43.4M | $77.8M | −$34.4M | -44% |
| Other income, net | $246K | $92K | $154K | +168% |
| Operating profit | $5.1M | $11.2M | −$6.1M | -54% |
| Operating expenses | $8.3M | $9.4M | −$1.1M | -12% |
| Pre-tax earnings | $5.3M | $11.3M | −$6.0M | -53% |
| SG&A | $7.8M | $8.9M | −$1.1M | -13% |
| Other operating costs | $497K | $486K | $11K | +2% |
| Net earnings | $4.2M | $8.8M | −$4.7M | -53% |
| Income tax | $1.2M | $2.5M | −$1.3M | -52% |
| Depreciation & amortization | $497K | $486K | $11K | +2% |
| Working capital & other | $1.2M | $11.8M | −$10.6M | -89% |
| Operating cash flow | $5.9M | $21.2M | −$15.2M | -72% |
| Free cash flow (OCF − capex) | $5.0M | $20.6M | −$15.6M | -76% |
| Capital expenditures | $963K | $568K | $395K | +70% |
Questions
How much did Envela's revenue grow quarter over quarter in Q2 2026?
Envela's revenue fell $41.6M (-42%) from $98.4M in Q1 2026 to $56.8M in Q2 2026.
What drove Envela's revenue change in Q2 2026?
Consumer segment −$37.1M (-45%); Commercial segment −$4.5M (-27%).