InsiderClue
Stocks · Consumer discretionary · Jewelry, Silverware & Plated Ware

Brilliant Earth Group, Inc.

BRLT Clue Score51
United States Fiscal year ends December CIK 0001866757
$1.58 +8.22% Close, 9 Oct 2026
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Price $1.58 −85.27% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 23 Sep 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue201.3Operating income−5.4Net income−7.8Fiscal year 2020Revenue251.8 +25.1%Operating income26.6Net income21.6Fiscal year 2021Revenue380.2 +51.0%Operating income40.1Net income1.5 −92.9%Fiscal year 2022Revenue439.9 +15.7%Operating income23.3Net income2.1 +39.7%EPS, diluted0.15Fiscal year 2023Revenue446.4 +1.5%Operating income4.5Net income0.6 −72.6%EPS, diluted0.04Fiscal year 2024Revenue422.2 −5.4%Operating income3.4Net income0.5 −7.4%EPS, diluted0.03Fiscal year 2025Revenue437.5 +3.6%Operating income−5.4Net income−3.6 −771.9%EPS, diluted−0.25
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 201.3 251.8 380.2 439.9 446.4 422.2 437.5
Growth +25.1% +51.0% +15.7% +1.5% −5.4% +3.6%
Operating income −5.4 26.6 40.1 23.3 4.5 3.4 −5.4
Net income −7.8 21.6 1.5 2.1 0.6 0.5 −3.6
Growth −92.9% +39.7% −72.6% −7.4% −771.9%
EPS, diluted n/a n/a n/a 0.15 0.04 0.03 −0.25

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin42.2%Operating margin−2.7%Net margin−3.9%Free cash flow margin−0.1%Fiscal year 2020Gross margin44.6%Operating margin10.6%Net margin8.6%Free cash flow margin10.4%Fiscal year 2021Gross margin49.3%Operating margin10.6%Net margin0.4%Free cash flow margin10.6%Fiscal year 2022Gross margin53.3%Operating margin5.3%Net margin0.5%Free cash flow margin1.2%Fiscal year 2023Gross margin57.6%Operating margin1.0%Net margin0.1%Free cash flow margin3.2%Fiscal year 2024Gross margin60.3%Operating margin0.8%Net margin0.1%Free cash flow margin3.0%Fiscal year 2025Gross margin57.5%Operating margin−1.2%Net margin−0.8%Free cash flow margin1.3%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 42.2% 44.6% 49.3% 53.3% 57.6% 60.3% 57.5%
Operating margin −2.7% 10.6% 10.6% 5.3% 1.0% 0.8% −1.2%
Net margin −3.9% 8.6% 0.4% 0.5% 0.1% 0.1% −0.8%
Free cash flow margin −0.1% 10.4% 10.6% 1.2% 3.2% 3.0% 1.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow0.6Capital expenditure−0.7Free cash flow−0.1Fiscal year 2020Operating cash flow26.7Capital expenditure−0.6Free cash flow26.1Fiscal year 2021Operating cash flow46.1Capital expenditure−5.6Free cash flow40.5 +54.8%Fiscal year 2022Operating cash flow14.5Capital expenditure−9.1Free cash flow5.4 −86.7%Fiscal year 2023Operating cash flow26.2Capital expenditure−11.9Free cash flow14.3 +165.1%Buybacks0.0Fiscal year 2024Operating cash flow17.6Capital expenditure−4.9Free cash flow12.7 −11.1%Buybacks−0.6Dividends paid0.0Fiscal year 2025Operating cash flow9.7Capital expenditure−4.0Free cash flow5.8 −54.7%Buybacks−0.5Dividends paid−3.8
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.6 26.7 46.1 14.5 26.2 17.6 9.7
Capital expenditure −0.7 −0.6 −5.6 −9.1 −11.9 −4.9 −4.0
Free cash flow −0.1 26.1 40.5 5.4 14.3 12.7 5.8
Growth +54.8% −86.7% +165.1% −11.1% −54.7%
Buybacks n/a n/a n/a n/a 0.0 −0.6 −0.5
Dividends paid n/a n/a n/a n/a n/a 0.0 −3.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash40.4Fiscal year 2020Cash66.3Total debt62.2Net cash (debt)4.1Shareholders’ equity0.0Fiscal year 2021Cash172.9Total debt63.6Net cash (debt)109.3Shareholders’ equity8.4Debt to equity7.57Fiscal year 2022Cash154.6Total debt62.7Net cash (debt)91.9Shareholders’ equity10.9Debt to equity5.74Fiscal year 2023Cash155.8Total debt59.6Net cash (debt)96.2Shareholders’ equity12.5Debt to equity4.76Fiscal year 2024Cash161.9Total debt55.7Net cash (debt)106.2Shareholders’ equity15.3Debt to equity3.63Fiscal year 2025Cash79.1Total debt0.0Net cash (debt)79.1Shareholders’ equity12.3Debt to equity0.00
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 40.4 66.3 172.9 154.6 155.8 161.9 79.1
Total debt n/a 62.2 63.6 62.7 59.6 55.7 0.0
Net cash (debt) n/a 4.1 109.3 91.9 96.2 106.2 79.1
Shareholders’ equity n/a 0.0 8.4 10.9 12.5 15.3 12.3
Debt to equity n/a n/a 7.57 5.74 4.76 3.63 0.00

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
201.3 251.8 380.2 439.9 446.4 422.2 437.5
Growth +25.1% +51.0% +15.7% +1.5% −5.4% +3.6%
116.4 139.5 192.8 205.6 189.4 167.8 186.0
84.9 112.3 187.4 234.3 257.0 254.4 251.5
Growth +32.2% +66.9% +25.0% +9.7% −1.0% −1.1%
90.3 85.7 147.3 211.0 252.5 142.7 150.9
−5.4 26.6 40.1 23.3 4.5 3.4 −5.4
Growth +50.9% −41.9% −80.8% −25.3% −260.5%
−7.8 21.6 25.9 18.9 4.3 4.2 3.2
0.0 0.0 −0.3 −0.2 −0.4 0.2 9.6
−7.8 21.6 1.5 2.1 0.6 0.5 −3.6
Growth −92.9% +39.7% −72.6% −7.4% −771.9%
Per share
n/a n/a n/a 0.20 0.05 0.04 −0.25
n/a n/a n/a 0.15 0.04 0.03 −0.25
Growth −73.3% −25.0% −933.3%
n/a n/a n/a 10.7 11.9 13.3 14.8
n/a n/a n/a 96.5 97.1 98.4 14.8
Growth +0.6% +1.3% −85.0%

† The diluted share count jumps at 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 11.7% a year over five years.
  • Operating margin is down 11.8 points on five years ago, at -1.2%.
  • A net loss in 2 of 7 years on file.