Brilliant Earth Group, Inc. BRLT
Brilliant Earth is an innovative, digitally native omnichannel jewelry company, and a global leader in ethically sourced fine jewelry. We offer exclusive designs with superior craftsmanship and supply chain transparency, delivered to customers through a highly personalized omnichannel experience.
Our extensive collection of premium-quality diamond engagement and wedding rings, gemstone rings, and fine jewelry is conceptualized by our leading in-house design studio and then brought to life by expert jewelers. From our award-winning jewelry designs to our responsibly sourced materials, at Brilliant Earth we aspire to exceptional standards in everything we do.
Our mission is to create a more transparent, sustainable, compassionate, and inclusive jewelry industry, and we are proud to offer customers distinctive and thoughtfully designed products that they can truly feel good about wearing.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $437.5M | $422.2M | $446.4M | $439.9M | $380.2M | $251.8M | $201.3M | — |
| Cost of revenue | $186.0M | $167.8M | $189.4M | $205.6M | $192.8M | $139.5M | $116.4M | — |
| Gross profit | $251.5M | $254.4M | $257.0M | $234.3M | $187.4M | $112.3M | $84.9M | — |
| SG&A | $150.9M | $142.7M | $133.2M | $211.0M | $147.3M | $85.7M | $90.3M | — |
| Total operating expenses | $256.9M | $251.1M | $252.5M | — | — | — | — | — |
| Operating income | -$5.4M | $3.4M | $4.5M | $23.3M | $40.1M | $26.6M | -$5.4M | — |
| Interest expense | $2.3M | $5.0M | $5.1M | $4.7M | $7.6M | $4.9M | $2.3M | — |
| Pre-tax income | $3.2M | $4.2M | $4.3M | $18.9M | $25.9M | $21.6M | -$7.8M | — |
| Income tax | $9.6M | $160.0K | $431.0K | $168.0K | $316.0K | $0 | $0 | — |
| Net income | -$3.6M | $541.0K | $584.0K | $2.1M | $1.5M | $21.6M | -$7.8M | — |
| EPS, basic | -0.25 | 0.04 | 0.05 | 0.20 | — | — | — | — |
| EPS, diluted | -0.25 | 0.03 | 0.04 | 0.15 | — | — | — | — |
| Shares, diluted (wtd. avg.) | $14.8M | $98.4M | $97.1M | $96.5M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $79.1M | $161.9M | $156.0M | $154.9M | $173.1M | $66.3M | $40.6M | $18.1M |
| Inventory | $53.2M | $38.3M | $37.8M | $39.3M | $24.7M | $13.6M | — | — |
| Total current assets | $144.7M | $211.4M | $204.9M | $205.9M | $206.0M | $83.0M | — | — |
| Property, plant and equipment | $19.6M | $21.6M | $22.0M | $16.6M | $6.7M | $2.0M | — | — |
| Total assets | $200.9M | $281.2M | $273.6M | $262.6M | $217.7M | $85.2M | — | — |
| Accounts payable | $24.8M | $15.7M | $17.2M | $11.0M | $14.5M | $10.8M | — | — |
| Short-term debt | $0 | $5.7M | $4.1M | $3.2M | $30.8M | $0 | — | — |
| Total current liabilities | $90.1M | $78.2M | $76.9M | $74.5M | $92.8M | $38.7M | — | — |
| Long-term debt | $0 | $50.0M | $55.6M | $59.5M | $32.8M | $62.2M | — | — |
| Total liabilities | $121.3M | $171.9M | $176.1M | $169.4M | $134.9M | $104.3M | — | — |
| Retained earnings | -$2.6M | $4.8M | $4.2M | $3.7M | $1.5M | $0 | — | — |
| Total equity | $12.3M | $15.3M | $97.5M | $93.1M | $82.8M | $0 | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9.7M | $17.6M | $26.2M | $14.5M | $46.1M | $26.7M | $567.0K | — |
| Depreciation and amortisation | $6.1M | $5.3M | $4.2M | $1.9M | $860.0K | $646.0K | $622.0K | — |
| Stock-based compensation | $8.9M | $9.9M | $10.0M | $8.8M | $2.8M | $46.0K | $43.0K | — |
| Capital expenditure | $4.0M | $4.9M | $11.9M | $9.1M | $5.6M | $584.0K | $678.0K | — |
| Investing cash flow | -$4.0M | -$4.9M | -$11.9M | -$9.1M | -$5.6M | -$584.0K | -$678.0K | — |
| Financing cash flow | -$88.5M | -$6.6M | -$13.1M | -$23.6M | $66.1M | -$263.0K | $22.6M | — |
| Dividends paid | $3.8M | $0 | — | — | — | — | — | — |
| Buybacks | $456.0K | $638.0K | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-018794.