Quarterly ResultMay 7, 2026, 04:25 PM
Brilliant Earth Q1 Net Sales +6% to $99.5M; Net Loss Widens to $1.5M
AI Summary
Brilliant Earth Group, Inc. reported a 6% increase in net sales to $99.5 million for the first quarter of 2026, up from $93.9 million in the prior year. Despite higher sales, the company's net loss attributable to Brilliant Earth Group, Inc. widened significantly to $1.5 million, compared to a $0.5 million loss in Q1 2025. This was accompanied by a decrease in gross profit and a substantial increase in cash used in operating activities.
Key Highlights
- Net sales increased by 6% to $99.5 million for Q1 2026, up from $93.9 million in Q1 2025.
- Net loss attributable to Brilliant Earth Group, Inc. widened to $1.5 million, from $0.5 million in Q1 2025.
- Basic earnings per share was a loss of $0.10, compared to a loss of $0.03 in the prior year period.
- Gross profit decreased by 1.8% to $54.1 million in Q1 2026 from $55.0 million in Q1 2025.
- Net cash used in operating activities increased to $18.8 million, up from $7.1 million in Q1 2025.
- Cash and cash equivalents decreased to $58.6 million as of March 31, 2026, from $79.1 million at year-end 2025.
- The company reached a settlement agreement in a legal proceeding, subject to court approval.
Price Impact
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