Here are the 10-Q quarterly reports from Brilliant Earth Group, Inc. (BRLT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BRLT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BRLT filings page.
Brilliant Earth Group, Inc. (BRLT) reported third-quarter 2026 net sales of $112.8 million, up 2.3% year over year, and net income of $2.4 million, compared with a $0.7 million net loss a year earlier. Adjusted EBITDA, a non-GAAP measure, was $5.1 million versus $3.6 million, with margins of 4.5% and 3.2%. Orders rose 5.6%, while average order value fell 3.1%; gross margin increased 210 basis points.
For the first nine months of 2026, sales were $327.4 million, up 4.6%, while the company recorded a $5.2 million net loss and $6.2 million of Adjusted EBITDA, down 20.9%. Gross margin decreased 70 basis points. Operating cash flow was $3.8 million, compared with $2.6 million a year earlier. Cash, excluding restricted cash, was $76.2 million as of September 30, 2026. Management said projected liquidity sources were sufficient for operating and tax distribution requirements for at least the next 12 months.
Brilliant Earth Group, Inc. reported Q2 2026 net sales of $115.1 million, up 5.7% from $108.9 million a year earlier, driven by a 7.9% increase in average order value to $2,238 while total orders fell slightly to 51,442.
Gross profit rose to $66.6 million, but gross margin slipped to 57.9% from 58.3% as higher gold and platinum costs outweighed pricing and procurement efficiencies. Operating expenses increased 2.3% to $66.2 million, mainly from higher information technology, rent and other general and administrative costs, partly offset by lower equity-based compensation, leaving operating income near breakeven.
Net income for the quarter was $0.8 million compared with a $1.1 million loss, helped by elimination of interest expense after the August 2025 prepayment of the SVB term loan and $0.4 million of other income from interest on cash. Adjusted EBITDA was $5.8 million, a 5.0% margin, versus $3.2 million and 2.9% a year earlier.
For the first six months of 2026, net sales were $214.6 million with a net loss of $7.6 million and Adjusted EBITDA of $1.1 million. Cash and cash equivalents were $74.9 million at June 30, 2026, and management highlights a negative working-capital model supported by high inventory turns and customer prepayments.
Brilliant Earth Group, Inc. reported modest sales growth but sharply higher losses for the quarter. Net sales for the three months ended March 31, 2026 rose 6.0% to $99.5 million, driven by a 3.3% increase in average order value to $2,131 and 2.5% higher order volumes. Higher gold and platinum costs pushed cost of sales up 17.0%, reducing gross margin from 58.6% to 54.3% and slightly lowering gross profit to $54.1 million.
Operating expenses increased 7.5% to $62.9 million, mainly from higher employment costs, marketing spend and general and administrative items, leading to a loss from operations of $8.9 million versus $3.5 million a year earlier. Net loss widened to $8.5 million, and net loss margin deteriorated to 8.5%. Adjusted EBITDA turned to a loss of $4.7 million from a $1.1 million profit, reflecting margin compression and higher overhead.
Cash used in operating activities increased to $18.8 million, compared with $7.1 million in the prior-year period, largely due to the larger net loss and working capital movements. Cash, cash equivalents and restricted cash fell to $58.7 million from $79.4 million at the beginning of the quarter, but the company carries no term-loan debt after prepaying its SVB facility in 2025. Management continues to emphasize its asset-light, omnichannel model and growth investments in showrooms, technology and marketing while acknowledging macroeconomic headwinds and higher precious metal costs.
Brilliant Earth Group (BRLT) filed its Q3 2025 10‑Q, reporting higher sales and a cleaner balance sheet. Net sales were $110.3 million, up 10.4% year over year, as lower price point products drove a 16.8% increase in orders. Gross profit was $63.5 million and the quarter ended with a net loss of $0.7 million, narrowing from $1.1 million a year ago. Adjusted EBITDA was $3.6 million with a 3.2% margin.
Liquidity improved after the company prepaid $34.8 million of SVB term loan principal in August and terminated the credit agreement, leaving no debt outstanding at September 30, 2025. Cash and cash equivalents were $73.4 million, and operating cash flow was $2.6 million year‑to‑date. Inventories, net were $49.1 million. The Board declared a one‑time cash dividend of $0.25 per Class A share, paid on September 8, 2025. As of November 3, 2025, shares outstanding were 15,170,213 Class A, 35,822,342 Class B, and 49,119,976 Class C.