Envela Corp
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
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FY2025 · Filed Mar 18, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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ITEM 2. PROPERTIES
Our facilities by segment and geography were as follows as of December 31, 2025:
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Number of Facilities | ||||||
| | | Owned | | Leased | | Total |
| Consumer · · · · | ||||||
| Arizona(2) | 2 | 2 | | 4 | ||
| South Carolina(2) | — | 1 | | 1 | ||
| Texas(1)(2) | 3 | 7 | | 10 | ||
| | | | | | | |
| Sub-total | 5 | 10 | | 15 | ||
| | | | | | | |
| Commercial | | | | | ||
| Texas(2) | — | 2 | | 2 | ||
| | | | | | | |
| Sub-total | — | 2 | | 2 | ||
| | | | | | | |
| Corporate | | | | | ||
| Texas | 1 | — | | 1 | ||
| | | | | | | |
| Sub-total | 1 | — | | 1 | ||
| | | | | | | |
| | 6 | 12 | | 18 | ||
| (1) | Certain Texas-owned properties are encumbered by debt facilities; see Note 13 – Debt for further details. |
| (2) | Our leases begin to expire starting in 2027 through 2031, with 5 leases having a right of renewal. Both segments regularly evaluate each of their locations in terms of profitability, effectiveness, and fit with their long-term strategy. |
In management’s opinion, these properties have been well maintained, are in good operating condition, and contain all necessary equipment and facilities for their intended purposes.
See Note 11 – Leases for further details on leased facilities.
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