The stock may react negatively to the significant decline in adjusted EBITDA despite record revenue, as margin compression from metal price headwinds and tariffs outweighed revenue growth. The 2026 guidance suggesting continued profitability pressure could limit upside.
Price Chart
Executive Summary
Brilliant Earth reported record Q4 net sales of $124.4 million, up 4.1% YoY, driven by 34% YoY growth in fine jewelry bookings. Full-year revenue reached $437.5 million, up 3.6% YoY. However, adjusted EBITDA declined 43.3% to $12.0 million, and the company expects slightly lower profitability in 2026 despite mid-single-digit revenue growth.
Key Financial Metrics
Key Facts
- Q4 net sales of $124.4 million, up 4.1% YoY, representing the company's largest quarter ever
- Full-year net sales of $437.5 million, up 3.6% YoY
- Fine jewelry bookings grew 34% YoY in Q4, reaching 23% of total bookings
- Adjusted EBITDA declined 43.3% to $12.0 million for the full year
- GAAP net loss of $6.4 million for the year, compared to net income of $4.0 million in 2024
- Guidance for 2026 calls for mid-single-digit revenue growth but slightly lower adjusted EBITDA than 2025
Financial Impact
Revenue increased modestly by $15.3 million while profitability deteriorated significantly with adjusted EBITDA down $9.1 million year-over-year
Segment Breakdown
| Segment | Growth |
|---|---|
| Fine Jewelry | +34.0% |
Risk Factors
- Continued margin pressure from precious metal prices and tariffs
- Declining adjusted EBITDA despite revenue growth indicates structural profitability challenges
- 2026 guidance projects lower profitability, which may disappoint investors expecting margin expansion
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-014992 |
| Document: brlt-20260305.htm | 0001628280-26-014992 |
| Document: 0001628280-26-014992-index-headers.html | 0001628280-26-014992 |
| Document: 0001628280-26-014992-index.html | 0001628280-26-014992 |
| Document: 0001628280-26-014992.txt | 0001628280-26-014992 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $1.47 | awaiting T+20 | — | $1.49 (+1.36%) |
Aug 19, 2026 9w ago | Insider Cluster | $1.33 $1.40 | ▲ +5.26% | ▲ +5.38% | $1.49 (+12.03%) |
Aug 17, 2026 10w ago | Insider Cluster | $1.22 $1.39 | ▲ +13.93% | ▲ +15.91% | $1.49 (+22.13%) |
Aug 12, 2026 10w ago | Insider Cluster | $1.36 $1.42 | ▲ +4.41% | ▲ +6.16% | $1.49 (+9.56%) |
Aug 10, 2026 11w ago | 144 | $1.33 $1.45 | ▼ −9.02% | ▼ −10.08% | $1.49 (−12.03%) |
Jun 18, 2026 18w ago | 144 | $1.05 $1.17 | ▲ +11.43% | ▲ +11.58% | $1.49 (+41.90%) |
Mar 5, 2026 33w ago | 8-K | $1.46 $1.30 | ▼ −10.96% | ▼ −7.17% | $1.49 (+2.05%) |
Mar 5, 2026 33w ago | Press Release | $1.46 $1.30 | ▼ −10.96% | ▼ −7.17% | $1.49 (+2.05%) |
US Market Status
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