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Brilliant Earth Group, Inc. Financials

BRLT
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Brilliant Earth Group, Inc. (BRLT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 36 / 100
Financial Profile 36/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
19

Brilliant Earth Group, Inc. has an operating margin of -1.2%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 19/100, suggesting thin profitability after operating expenses. This is down from 0.8% the prior year.

Growth
39

Brilliant Earth Group, Inc.'s revenue grew a modest 3.6% year-over-year to $437.5M. This slow but positive growth earns a score of 39/100.

Leverage
100

Brilliant Earth Group, Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
28

Brilliant Earth Group, Inc.'s current ratio of 1.61 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 28/100, which could limit financial flexibility.

Cash Flow
28

Brilliant Earth Group, Inc.'s free cash flow margin of 1.3% results in a low score of 28/100. Capital expenditures of $4.0M absorb a large share of operating cash flow.

Returns
0

Brilliant Earth Group, Inc. generates a -29.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 3.5% the prior year.

Piotroski F-Score Neutral
4/9

Brilliant Earth Group, Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-2.67x

For every $1 of reported earnings, Brilliant Earth Group, Inc. generates $-2.67 in operating cash flow ($9.7M OCF vs -$3.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-2.4x

Brilliant Earth Group, Inc. earns $-2.4 in operating income for every $1 of interest expense (-$5.4M vs $2.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$437.5M
YoY+3.6%
5Y CAGR+11.7%

Brilliant Earth Group, Inc. generated $437.5M in revenue in fiscal year 2025. This represents an increase of 3.6% from the prior year.

EBITDA
$733K
YoY-91.5%
5Y CAGR-51.5%

Brilliant Earth Group, Inc.'s EBITDA was $733K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 91.5% from the prior year.

Net Income
-$3.6M
YoY-771.9%

Brilliant Earth Group, Inc. reported -$3.6M in net income in fiscal year 2025. This represents a decrease of 771.9% from the prior year.

EPS (Diluted)
$-0.25
YoY-933.3%

Brilliant Earth Group, Inc. earned $-0.25 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 933.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$5.8M
YoY-54.7%
5Y CAGR-26.1%

Brilliant Earth Group, Inc. generated $5.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 54.7% from the prior year.

Cash & Debt
$79.1M
YoY-51.2%
5Y CAGR+3.6%

Brilliant Earth Group, Inc. held $79.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
57.5%
YoY-2.8pp
5Y CAGR+12.9pp

Brilliant Earth Group, Inc.'s gross margin was 57.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.8 percentage points from the prior year.

Operating Margin
-1.2%
YoY-2.0pp
5Y CAGR-11.8pp

Brilliant Earth Group, Inc.'s operating margin was -1.2% in fiscal year 2025, reflecting core business profitability. This is down 2.0 percentage points from the prior year.

Net Margin
-0.8%
YoY-1.0pp
5Y CAGR-9.4pp

Brilliant Earth Group, Inc.'s net profit margin was -0.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.0 percentage points from the prior year.

Return on Equity
-29.5%
YoY-33.1pp

Brilliant Earth Group, Inc.'s ROE was -29.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 33.1 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$456K
YoY-28.5%

Brilliant Earth Group, Inc. spent $456K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 28.5% from the prior year.

Capital Expenditures
$4.0M
YoY-19.2%
5Y CAGR+46.7%

Brilliant Earth Group, Inc. invested $4.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 19.2% from the prior year.

BRLT Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $124.4M+12.8% $110.3M+1.2% $108.9M+16.0% $93.9M-21.5% $119.5M+19.7% $99.9M-5.3% $105.4M+8.3% $97.3M
Cost of Revenue $54.9M+17.3% $46.8M+3.0% $45.4M+17.0% $38.8M-19.5% $48.3M+23.5% $39.1M-5.4% $41.3M+5.9% $39.0M
Gross Profit $69.5M+9.5% $63.5M-0.1% $63.5M+15.4% $55.0M-22.7% $71.2M+17.2% $60.8M-5.2% $64.1M+9.9% $58.3M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $38.9M+2.6% $37.9M-1.3% $38.4M+8.0% $35.6M+190.1% -$39.5M-163.9% $61.8M-1.8% $62.9M+9.6% $57.4M
Operating Income -$20K+96.8% -$620K+48.9% -$1.2M+65.6% -$3.5M-246.2% $2.4M+325.4% -$1.1M-194.4% $1.1M+29.1% $877K
Interest Expense $0-100.0% $272K-69.6% $895K-19.7% $1.1M-7.4% $1.2M-8.8% $1.3M+2.1% $1.3M+6.5% $1.2M
Income Tax $9.6M+21684.1% $44K-69.2% $143K+209.2% -$131K-111.3% -$62K-129.4% $211K+440.3% -$62K-184.9% $73K
Net Income -$2.9M-2606.5% -$107K+35.5% -$166K+64.4% -$466K-230.2% $358K+353.9% -$141K-176.2% $185K+33.1% $139K
EPS (Diluted) N/A $-0.010.0% $-0.01+66.7% $-0.03 N/A $-0.01-200.0% $0.010.0% $0.01

BRLT Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $200.9M-1.0% $203.0M-22.2% $260.9M-3.3% $269.6M-4.1% $281.2M+2.9% $273.2M+0.3% $272.5M+1.6% $268.2M
Current Assets $144.7M+6.7% $135.7M-29.1% $191.2M-3.4% $198.0M-6.4% $211.4M+4.3% $202.7M+0.6% $201.5M+1.9% $197.8M
Cash & Equivalents $79.1M+7.7% $73.4M-45.0% $133.6M-9.3% $147.3M-9.0% $161.9M+6.1% $152.7M+0.3% $152.2M+3.2% $147.5M
Inventory $53.2M+8.4% $49.1M+3.8% $47.3M+18.8% $39.8M+4.1% $38.3M-0.6% $38.5M+0.6% $38.3M-1.6% $38.9M
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $188.6M-1.2% $191.0M-22.2% $245.6M-3.6% $254.7M-4.2% $265.9M+2.8% $258.8M+0.1% $258.4M+1.4% $254.9M
Current Liabilities $90.1M+8.7% $82.9M-28.1% $115.3M+32.2% $87.2M+11.5% $78.2M+7.9% $72.4M+3.5% $69.9M+1.8% $68.7M
Long-Term Debt $0 $0 $0-100.0% $34.5M-31.0% $50.0M-3.1% $51.6M-3.0% $53.2M-2.2% $54.3M
Total Equity $12.3M+2.7% $12.0M-21.6% $15.3M+2.4% $14.9M-2.6% $15.3M+5.9% $14.5M+2.9% $14.1M+6.0% $13.3M
Retained Earnings -$2.6M-1131.3% $256K-93.8% $4.2M-3.8% $4.3M-9.7% $4.8M+8.1% $4.4M-3.1% $4.6M+4.2% $4.4M

BRLT Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $7.2M+1078.8% $608K-93.3% $9.1M+227.3% -$7.1M-150.6% $14.1M+609.9% $2.0M-72.8% $7.3M+226.2% -$5.8M
Capital Expenditures $1.5M+141.1% $611K-47.1% $1.2M+58.9% $727K-66.6% $2.2M+66.1% $1.3M+53.0% $857K+52.5% $562K
Free Cash Flow $5.7M+189900.0% -$3K-100.0% $7.9M+200.8% -$7.9M-165.9% $11.9M+1667.7% $674K-89.6% $6.5M+201.6% -$6.4M
Investing Cash Flow -$1.5M-141.1% -$611K+47.1% -$1.2M-58.9% -$727K+66.6% -$2.2M-66.1% -$1.3M-53.0% -$857K-52.5% -$562K
Financing Cash Flow -$32K+99.9% -$60.1M-177.6% -$21.6M-221.4% -$6.7M-154.9% -$2.6M-1053.3% -$229K+86.5% -$1.7M+15.2% -$2.0M
Dividends Paid $0-100.0% $3.8M N/A N/A $0 N/A N/A N/A
Share Buybacks $0-100.0% $96K-51.3% $197K+20.9% $163K-18.5% $200K+11.7% $179K+12.6% $159K+59.0% $100K

BRLT Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 55.9%-1.7pp 57.6%-0.7pp 58.3%-0.3pp 58.6%-1.0pp 59.6%-1.2pp 60.9%+0.1pp 60.8%+0.9pp 59.9%
Operating Margin -0.0%+0.5pp -0.6%+0.6pp -1.1%+2.6pp -3.8%-5.8pp 2.0%+3.1pp -1.1%-2.1pp 1.1%+0.2pp 0.9%
Net Margin -2.3%-2.2pp -0.1%+0.1pp -0.1%+0.4pp -0.5%-0.8pp 0.3%+0.4pp -0.1%-0.3pp 0.2%+0.0pp 0.1%
Return on Equity -23.5%-22.7pp -0.9%+0.2pp -1.1%+2.0pp -3.1%-5.5pp 2.3%+3.3pp -1.0%-2.3pp 1.3%+0.3pp 1.1%
Return on Assets -1.4%-1.4pp -0.1%0.0pp -0.1%+0.1pp -0.2%-0.3pp 0.1%+0.2pp -0.1%-0.1pp 0.1%+0.0pp 0.1%
Current Ratio 1.61-0.0 1.64-0.0 1.66-0.6 2.27-0.4 2.70-0.1 2.80-0.1 2.880.0 2.88
Debt-to-Equity 0.000.0 0.000.0 0.00-2.3 2.31-0.9 3.26-0.3 3.57-0.2 3.78-0.3 4.09
FCF Margin 4.6%+4.6pp 0.0%-7.3pp 7.3%+15.6pp -8.4%-18.3pp 10.0%+9.3pp 0.7%-5.5pp 6.1%+12.7pp -6.5%

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Frequently Asked Questions

Brilliant Earth Group, Inc. (BRLT) reported $437.5M in total revenue for fiscal year 2025. This represents a 3.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Brilliant Earth Group, Inc. (BRLT) revenue grew by 3.6% year-over-year, from $422.2M to $437.5M in fiscal year 2025.

No, Brilliant Earth Group, Inc. (BRLT) reported a net income of -$3.6M in fiscal year 2025, with a net profit margin of -0.8%.

Brilliant Earth Group, Inc. (BRLT) reported diluted earnings per share of $-0.25 for fiscal year 2025. This represents a -933.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Brilliant Earth Group, Inc. (BRLT) had EBITDA of $733K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Brilliant Earth Group, Inc. (BRLT) had $79.1M in cash and equivalents against $0 in long-term debt.

Brilliant Earth Group, Inc. (BRLT) had a gross margin of 57.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Brilliant Earth Group, Inc. (BRLT) had an operating margin of -1.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Brilliant Earth Group, Inc. (BRLT) had a net profit margin of -0.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Brilliant Earth Group, Inc. (BRLT) has a return on equity of -29.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Brilliant Earth Group, Inc. (BRLT) generated $5.8M in free cash flow during fiscal year 2025. This represents a -54.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Brilliant Earth Group, Inc. (BRLT) generated $9.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Brilliant Earth Group, Inc. (BRLT) had $200.9M in total assets as of fiscal year 2025, including both current and long-term assets.

Brilliant Earth Group, Inc. (BRLT) invested $4.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Brilliant Earth Group, Inc. (BRLT) spent $456K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Brilliant Earth Group, Inc. (BRLT) had a current ratio of 1.61 as of fiscal year 2025, which is generally considered healthy.

Brilliant Earth Group, Inc. (BRLT) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Brilliant Earth Group, Inc. (BRLT) had a return on assets of -1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Brilliant Earth Group, Inc. (BRLT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Brilliant Earth Group, Inc. (BRLT) has an earnings quality ratio of -2.67x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Brilliant Earth Group, Inc. (BRLT) has an interest coverage ratio of -2.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Brilliant Earth Group, Inc. (BRLT) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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