Quarterly ResultMay 6, 2026, 04:07 PM
Brilliant Earth Q1 Net Sales +6% to $99.5M; Reiterates Guidance
AI Summary
Brilliant Earth Group, Inc. announced first quarter 2026 financial results, with Net Sales growing 6.0% year-over-year to $99.5 million, reaching the high end of its guidance range and exceeding analyst consensus. The company saw strong 33% year-over-year bookings growth in fine jewelry and opened its first flagship showroom in Beverly Hills. Despite these positive top-line indicators, profitability declined significantly, with Adjusted EBITDA turning negative $4.7 million and GAAP Net loss increasing to $8.5 million. The company reiterated its annual guidance for both Net Sales growth and Adjusted EBITDA.
Key Highlights
- Net Sales grew 6.0% YoY to $99.5 million, at the high end of guidance.
- Fine jewelry bookings increased 33% year-over-year.
- Gross Margin was 54.3% in Q1 2026, down from 58.6% in Q1 2025.
- Adjusted EBITDA was negative $4.7 million, compared to $1.1 million in Q1 2025.
- GAAP Net loss was $8.5 million, up from $3.3 million in Q1 2025.
- Opened first flagship showroom in Beverly Hills with strong initial performance.
- Reiterated full-year Net Sales growth guidance: positive mid-single-digit % YoY.
- Reiterated full-year Adjusted EBITDA guidance: profitable, slightly lower than 2025.