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Envela ELA Commercial — Variable Lease Cost

Other segment segments

Consumer
$62.8K+5.3%

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Other financials

Income statement

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Revenue$98.4M+104%
Gross profit$20.6M+72.3%
Operating income$11.2M+259%
Net income$8.8M+255%
EPS (diluted)$0.34+240%

Balance sheet

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Cash & equivalents$38.6M+83.6%
Total debt$20.0M+11.5%
Total equity$75.9M+37.6%
Total assets$108.0M+35.5%

Cash flow

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Operating cash flow$21.2M+1,771%
CapEx$567.9K+47.7%
Free cash flow$20.6M+2,658%

Valuation

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Market cap$446.05M+140%
Enterprise value$427.49M+136%
P/E21.3×-0.5×
P/S1.5×+0.6×

Profitability

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Gross margin21.5%-2.9pp
Operating margin9%+4.3pp
Net margin7.2%+3.3pp
FCF margin4%

Returns & leverage

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Return on equity32%+17.9pp
Debt / equity0.3×-0.1×
Current ratio3.5×-1.0×

Where this comes from

Reported directly by Envela in its filing.

Tagged under the XBRL concept us-gaap:VariableLeaseCost.

The source filing: Envela’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:01 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000701719-26-000013
Line itemThree Months Ended March 31, 2026 / ConsumerThree Months Ended March 31, 2026 / CommercialThree Months Ended March 31, 2026 / ConsolidatedThree Months Ended March 31, 2025 / ConsumerThree Months Ended March 31, 2025 / CommercialThree Months Ended March 31, 2025 / Consolidated
Operating lease cost$298,519$467,638$766,157$263,065$339,428$602,493
Variable lease cost62,796154,635217,43159,659145,922205,581
Short-term lease cost1,77189,58691,35730,99939,26370,262
$363,086$711,859$1,074,945$353,723$524,613$878,336

ITEM 1: FINANCIAL STATEMENTS

FAQ

What is Envela's commercial — variable lease cost?
Envela (ELA) reported commercial — variable lease cost of $154.64K in Q1 2026.
How has Envela's commercial — variable lease cost changed year-over-year?
Envela's commercial — variable lease cost increased by 6.0% year-over-year, from $145.92K to $154.64K.
What does commercial — variable lease cost mean?
Lease payments for the commercial segment that are not fixed but depend on an index, rate, or other variable factor. This metric helps identify the sensitivity of the commercial segment's operating expenses to market fluctuations or performance-based lease terms.

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