Brilliant Earth Group, Inc.

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.

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.

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.

Brilliant Earth Group, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on Wednesday, June 17, 2026, at 9:00 a.m. Pacific Time. Stockholders as of the April 22, 2026, record date are invited to vote on the election of three Class II Directors and the ratification of BDO USA, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026. The company encourages stockholders to vote by proxy prior to the meeting.