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Side-by-side financial comparison of Envela Corp (ELA) and TheRealReal, Inc. (REAL), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
TheRealReal, Inc. is the larger business by last-quarter revenue ($194.1M vs $80.5M, roughly 2.4× Envela Corp). On growth, Envela Corp posted the faster year-over-year revenue change (66.6% vs 18.3%). TheRealReal, Inc. produced more free cash flow last quarter ($45.8M vs $-3.7M). Over the past eight quarters, Envela Corp's revenue compounded faster (42.1% CAGR vs 16.2%).
Envela Corporation is a U.S.-based company that provides recommerce services aimed at extending product lifecycles and reducing resource consumption. The company operates through two primary segments: consumer and commercial.
The RealReal, Inc. is an online marketplace for users to buy and sell luxury goods that are authenticated by experts. It has more than 38 million members, and has sold nearly 40 million items as of Sept. 30, 2023.
ELA vs REAL — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $80.5M | $194.1M |
| Net Profit | $6.0M | — |
| Gross Margin | 20.5% | 74.8% |
| Operating Margin | 9.4% | 3.2% |
| Net Margin | 7.4% | — |
| Revenue YoY | 66.6% | 18.3% |
| Net Profit YoY | 274.6% | — |
| EPS (diluted) | $0.22 | $0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $80.5M | $194.1M | ||
| Q3 25 | $57.4M | $173.6M | ||
| Q2 25 | $54.9M | $165.2M | ||
| Q1 25 | $48.3M | $160.0M | ||
| Q4 24 | $48.3M | $164.0M | ||
| Q3 24 | $46.9M | $147.8M | ||
| Q2 24 | $45.3M | $144.9M | ||
| Q1 24 | $39.9M | $143.8M |
| Q4 25 | $6.0M | — | ||
| Q3 25 | $3.4M | $-54.1M | ||
| Q2 25 | $2.8M | $-11.4M | ||
| Q1 25 | $2.5M | $62.4M | ||
| Q4 24 | $1.6M | — | ||
| Q3 24 | $1.7M | $-17.9M | ||
| Q2 24 | $1.6M | $-16.7M | ||
| Q1 24 | $1.9M | $-31.1M |
| Q4 25 | 20.5% | 74.8% | ||
| Q3 25 | 22.8% | 74.3% | ||
| Q2 25 | 22.6% | 74.3% | ||
| Q1 25 | 24.8% | 75.0% | ||
| Q4 24 | 23.1% | 74.4% | ||
| Q3 24 | 24.4% | 74.9% | ||
| Q2 24 | 25.1% | 74.1% | ||
| Q1 24 | 25.9% | 74.6% |
| Q4 25 | 9.4% | 3.2% | ||
| Q3 25 | 7.3% | -4.3% | ||
| Q2 25 | 5.9% | -6.0% | ||
| Q1 25 | 6.5% | -8.0% | ||
| Q4 24 | 3.9% | -3.1% | ||
| Q3 24 | 4.3% | -9.9% | ||
| Q2 24 | 4.2% | -13.0% | ||
| Q1 24 | 5.9% | -12.5% |
| Q4 25 | 7.4% | — | ||
| Q3 25 | 5.8% | -31.1% | ||
| Q2 25 | 5.0% | -6.9% | ||
| Q1 25 | 5.2% | 39.0% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 3.6% | -12.1% | ||
| Q2 24 | 3.5% | -11.5% | ||
| Q1 24 | 4.8% | -21.6% |
| Q4 25 | $0.22 | $0.06 | ||
| Q3 25 | $0.13 | $-0.49 | ||
| Q2 25 | $0.11 | $-0.13 | ||
| Q1 25 | $0.10 | $-0.14 | ||
| Q4 24 | $0.07 | $-0.57 | ||
| Q3 24 | $0.06 | $-0.17 | ||
| Q2 24 | $0.06 | $-0.20 | ||
| Q1 24 | $0.07 | $-0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $151.2M |
| Total DebtLower is stronger | $9.9M | — |
| Stockholders' EquityBook value | $67.1M | $-415.5M |
| Total Assets | $96.0M | $409.0M |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $151.2M | ||
| Q3 25 | — | $108.4M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $139.6M | ||
| Q4 24 | — | $172.2M | ||
| Q3 24 | — | $153.2M | ||
| Q2 24 | — | $150.7M | ||
| Q1 24 | $19.8M | $166.0M |
| Q4 25 | $9.9M | — | ||
| Q3 25 | $12.5M | — | ||
| Q2 25 | $13.0M | — | ||
| Q1 25 | $13.2M | — | ||
| Q4 24 | $13.5M | — | ||
| Q3 24 | $13.8M | — | ||
| Q2 24 | $14.3M | — | ||
| Q1 24 | $14.6M | — |
| Q4 25 | $67.1M | $-415.5M | ||
| Q3 25 | $61.1M | $-385.1M | ||
| Q2 25 | $57.8M | $-338.2M | ||
| Q1 25 | $55.1M | $-336.1M | ||
| Q4 24 | $52.7M | $-407.4M | ||
| Q3 24 | $51.1M | $-345.4M | ||
| Q2 24 | $50.2M | $-335.3M | ||
| Q1 24 | $49.3M | $-327.1M |
| Q4 25 | $96.0M | $409.0M | ||
| Q3 25 | $90.9M | $366.2M | ||
| Q2 25 | $82.7M | $349.4M | ||
| Q1 25 | $79.7M | $400.4M | ||
| Q4 24 | $77.9M | $423.1M | ||
| Q3 24 | $77.4M | $406.3M | ||
| Q2 24 | $73.8M | $407.4M | ||
| Q1 24 | $74.7M | $431.6M |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.30× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.5M | $49.5M |
| Free Cash FlowOCF − Capex | $-3.7M | $45.8M |
| FCF MarginFCF / Revenue | -4.6% | 23.6% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 0.2% | 1.9% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4M | $18.4M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $-3.5M | $49.5M | ||
| Q3 25 | $2.4M | $19.3M | ||
| Q2 25 | $2.6M | $-3.6M | ||
| Q1 25 | $1.1M | $-28.3M | ||
| Q4 24 | $3.7M | $28.0M | ||
| Q3 24 | $3.4M | $9.1M | ||
| Q2 24 | $-789.5K | $-6.8M | ||
| Q1 24 | $3.8M | $-3.5M |
| Q4 25 | $-3.7M | $45.8M | ||
| Q3 25 | $2.2M | $16.9M | ||
| Q2 25 | $2.1M | $-11.4M | ||
| Q1 25 | $746.6K | $-33.0M | ||
| Q4 24 | $3.2M | $22.9M | ||
| Q3 24 | $1.5M | $5.0M | ||
| Q2 24 | $-1.3M | $-9.8M | ||
| Q1 24 | $3.3M | $-5.6M |
| Q4 25 | -4.6% | 23.6% | ||
| Q3 25 | 3.8% | 9.7% | ||
| Q2 25 | 3.9% | -6.9% | ||
| Q1 25 | 1.5% | -20.6% | ||
| Q4 24 | 6.7% | 14.0% | ||
| Q3 24 | 3.1% | 3.4% | ||
| Q2 24 | -2.9% | -6.7% | ||
| Q1 24 | 8.4% | -3.9% |
| Q4 25 | 0.2% | 1.9% | ||
| Q3 25 | 0.4% | 1.4% | ||
| Q2 25 | 0.8% | 4.7% | ||
| Q1 25 | 0.8% | 2.9% | ||
| Q4 24 | 1.0% | 3.1% | ||
| Q3 24 | 4.2% | 2.7% | ||
| Q2 24 | 1.1% | 2.1% | ||
| Q1 24 | 1.1% | 1.5% |
| Q4 25 | -0.59× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.45× | -0.45× | ||
| Q4 24 | 2.34× | — | ||
| Q3 24 | 2.05× | — | ||
| Q2 24 | -0.50× | — | ||
| Q1 24 | 1.99× | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
ELA
| Consumer Segment | $67.7M | 84% |
| Commercial Segment | $12.8M | 16% |
REAL
| Services | $149.0M | 77% |
| Products | $27.2M | 14% |
| Shipping And Handling | $17.8M | 9% |