Quarterly ResultMay 6, 2026, 04:15 PM
Brilliant Earth Q1 Net Sales $99.5M; Net Loss $8.5M; Adj EBITDA $(4.7)M
AI Summary
Brilliant Earth Group, Inc. reported first quarter 2026 financial results, with Net Sales reaching $99.5 million, a 6.0% year-over-year increase, meeting the high end of guidance. Despite strong sales performance and 33% growth in fine jewelry bookings, the company posted a GAAP Net Loss of $8.5 million and negative Adjusted EBITDA of $4.7 million, reflecting a significant decline in profitability compared to the prior year. The company also opened its first flagship showroom in Beverly Hills and reiterated its full-year guidance for positive mid-single-digit Net Sales growth, though Adjusted EBITDA is expected to be slightly lower than 2025.
Key Highlights
- Net Sales reached $99.5 million, a 6.0% increase year-over-year, at the high end of guidance.
- Gross Margin was 54.3%, a decrease of 430 basis points compared to the prior year.
- GAAP Net Loss was $8.5 million, a 158.7% increase from $3.3 million in Q1 2025.
- Adjusted EBITDA was negative $4.7 million, down from positive $1.1 million in Q1 2025.
- Total orders grew 2.5% year-over-year to 46,692, with Average Order Value (AOV) up 3.3% to $2,131.
- Fine jewelry bookings increased 33% year-over-year, contributing to diversification beyond bridal.
- Opened its first flagship showroom in Beverly Hills, showing strong initial performance.
- Reiterated full-year guidance for positive mid-single-digit % Y/Y Net Sales growth and profitable Adjusted EBITDA, slightly lower than 2025.
- For Q2 2026, Net Sales growth is projected at positive low-single-digit % Y/Y, with Adjusted EBITDA between $0.5M and $2M.
Price Impact
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