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Side-by-side financial comparison of Envela Corp (ELA) and System1, Inc. (SST). Click either name above to swap in a different company.
Envela Corp is the larger business by last-quarter revenue ($80.5M vs $51.9M, roughly 1.5× System1, Inc.). Envela Corp runs the higher net margin — 7.4% vs -26.0%, a 33.4% gap on every dollar of revenue. On growth, Envela Corp posted the faster year-over-year revenue change (66.6% vs -31.3%). Over the past eight quarters, Envela Corp's revenue compounded faster (42.1% CAGR vs -21.8%).
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.
System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.
ELA vs SST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.5M | $51.9M |
| Net Profit | $6.0M | $-13.5M |
| Gross Margin | 20.5% | 41.0% |
| Operating Margin | 9.4% | -33.6% |
| Net Margin | 7.4% | -26.0% |
| Revenue YoY | 66.6% | -31.3% |
| Net Profit YoY | 274.6% | 4.8% |
| EPS (diluted) | $0.22 | $-3.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $80.5M | $51.9M | ||
| Q3 25 | $57.4M | $61.6M | ||
| Q2 25 | $54.9M | $78.1M | ||
| Q1 25 | $48.3M | $74.5M | ||
| Q4 24 | $48.3M | $75.6M | ||
| Q3 24 | $46.9M | $88.8M | ||
| Q2 24 | $45.3M | $94.6M | ||
| Q1 24 | $39.9M | $84.9M |
| Q4 25 | $6.0M | $-13.5M | ||
| Q3 25 | $3.4M | $-18.5M | ||
| Q2 25 | $2.8M | $-17.5M | ||
| Q1 25 | $2.5M | $-15.9M | ||
| Q4 24 | $1.6M | $-14.2M | ||
| Q3 24 | $1.7M | $-23.6M | ||
| Q2 24 | $1.6M | $-26.4M | ||
| Q1 24 | $1.9M | $-10.5M |
| Q4 25 | 20.5% | 41.0% | ||
| Q3 25 | 22.8% | 36.9% | ||
| Q2 25 | 22.6% | 35.7% | ||
| Q1 25 | 24.8% | 38.2% | ||
| Q4 24 | 23.1% | 42.1% | ||
| Q3 24 | 24.4% | 28.0% | ||
| Q2 24 | 25.1% | 27.6% | ||
| Q1 24 | 25.9% | 21.9% |
| Q4 25 | 9.4% | -33.6% | ||
| Q3 25 | 7.3% | -25.3% | ||
| Q2 25 | 5.9% | -20.4% | ||
| Q1 25 | 6.5% | -17.6% | ||
| Q4 24 | 3.9% | -15.7% | ||
| Q3 24 | 4.3% | -24.6% | ||
| Q2 24 | 4.2% | -30.8% | ||
| Q1 24 | 5.9% | -30.4% |
| Q4 25 | 7.4% | -26.0% | ||
| Q3 25 | 5.8% | -30.1% | ||
| Q2 25 | 5.0% | -22.4% | ||
| Q1 25 | 5.2% | -21.3% | ||
| Q4 24 | 3.3% | -18.7% | ||
| Q3 24 | 3.6% | -26.6% | ||
| Q2 24 | 3.5% | -27.9% | ||
| Q1 24 | 4.8% | -12.4% |
| Q4 25 | $0.22 | $-3.58 | ||
| Q3 25 | $0.13 | $-2.30 | ||
| Q2 25 | $0.11 | $-2.23 | ||
| Q1 25 | $0.10 | $-0.21 | ||
| Q4 24 | $0.07 | $-3.41 | ||
| Q3 24 | $0.06 | $-3.37 | ||
| Q2 24 | $0.06 | $-3.80 | ||
| Q1 24 | $0.07 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $86.9M |
| Total DebtLower is stronger | $9.9M | $305.1M |
| Stockholders' EquityBook value | $67.1M | $30.5M |
| Total Assets | $96.0M | $405.0M |
| Debt / EquityLower = less leverage | 0.15× | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $86.9M | ||
| Q3 25 | — | $54.6M | ||
| Q2 25 | — | $63.6M | ||
| Q1 25 | — | $43.9M | ||
| Q4 24 | — | $63.6M | ||
| Q3 24 | — | $69.1M | ||
| Q2 24 | — | $75.7M | ||
| Q1 24 | $19.8M | $69.9M |
| Q4 25 | $9.9M | $305.1M | ||
| Q3 25 | $12.5M | $259.2M | ||
| Q2 25 | $13.0M | $263.3M | ||
| Q1 25 | $13.2M | $267.4M | ||
| Q4 24 | $13.5M | $255.1M | ||
| Q3 24 | $13.8M | $259.2M | ||
| Q2 24 | $14.3M | $263.3M | ||
| Q1 24 | $14.6M | $268.6M |
| Q4 25 | $67.1M | $30.5M | ||
| Q3 25 | $61.1M | $42.7M | ||
| Q2 25 | $57.8M | $58.2M | ||
| Q1 25 | $55.1M | $67.2M | ||
| Q4 24 | $52.7M | $80.3M | ||
| Q3 24 | $51.1M | $90.3M | ||
| Q2 24 | $50.2M | $109.4M | ||
| Q1 24 | $49.3M | $131.7M |
| Q4 25 | $96.0M | $405.0M | ||
| Q3 25 | $90.9M | $385.2M | ||
| Q2 25 | $82.7M | $429.2M | ||
| Q1 25 | $79.7M | $419.2M | ||
| Q4 24 | $77.9M | $459.1M | ||
| Q3 24 | $77.4M | $479.3M | ||
| Q2 24 | $73.8M | $511.3M | ||
| Q1 24 | $74.7M | $521.1M |
| Q4 25 | 0.15× | 10.01× | ||
| Q3 25 | 0.20× | 6.07× | ||
| Q2 25 | 0.23× | 4.53× | ||
| Q1 25 | 0.24× | 3.98× | ||
| Q4 24 | 0.26× | 3.18× | ||
| Q3 24 | 0.27× | 2.87× | ||
| Q2 24 | 0.29× | 2.41× | ||
| Q1 24 | 0.30× | 2.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.5M | $-10.6M |
| Free Cash FlowOCF − Capex | $-3.7M | — |
| FCF MarginFCF / Revenue | -4.6% | — |
| Capex IntensityCapex / Revenue | 0.2% | 0.0% |
| Cash ConversionOCF / Net Profit | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.5M | $-10.6M | ||
| Q3 25 | $2.4M | $-2.1M | ||
| Q2 25 | $2.6M | $24.5M | ||
| Q1 25 | $1.1M | $-15.9M | ||
| Q4 24 | $3.7M | $772.0K | ||
| Q3 24 | $3.4M | $-5.0K | ||
| Q2 24 | $-789.5K | $10.0M | ||
| Q1 24 | $3.8M | $-16.0M |
| Q4 25 | $-3.7M | — | ||
| Q3 25 | $2.2M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $746.6K | $-16.0M | ||
| Q4 24 | $3.2M | — | ||
| Q3 24 | $1.5M | $-36.0K | ||
| Q2 24 | $-1.3M | — | ||
| Q1 24 | $3.3M | — |
| Q4 25 | -4.6% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 1.5% | -21.5% | ||
| Q4 24 | 6.7% | — | ||
| Q3 24 | 3.1% | -0.0% | ||
| Q2 24 | -2.9% | — | ||
| Q1 24 | 8.4% | — |
| Q4 25 | 0.2% | 0.0% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.8% | 0.0% | ||
| Q1 25 | 0.8% | 0.1% | ||
| Q4 24 | 1.0% | 0.0% | ||
| Q3 24 | 4.2% | 0.0% | ||
| Q2 24 | 1.1% | 0.0% | ||
| Q1 24 | 1.1% | 0.0% |
| Q4 25 | -0.59× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 2.34× | — | ||
| Q3 24 | 2.05× | — | ||
| Q2 24 | -0.50× | — | ||
| Q1 24 | 1.99× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ELA
| Consumer Segment | $67.7M | 84% |
| Commercial Segment | $12.8M | 16% |
SST
Segment breakdown not available.
