Brilliant Earth completes Nevada reincorporation and governance shift

An update from Brilliant Earth Group ( (BRLT) ) is now available.

On December 22, 2025, Brilliant Earth Group, Inc. completed a legal reincorporation from Delaware to Nevada, with the change becoming effective that day at 4:01 p.m. Eastern Time, shifting the company’s governing law and corporate charter and bylaws to Nevada while keeping its Nasdaq listing under the ticker “BRLT.” The move left the company’s business operations, management, workforce, contracts, capital structure, and incentive plans essentially unchanged—each class of common stock and all outstanding equity awards converted on a one-for-one basis—though it altered certain shareholder rights under Nevada corporate law, signaling a governance realignment without immediate operational or financial disruption for stakeholders.

The most recent analyst rating on (BRLT) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Brilliant Earth Group stock, see the BRLT Stock Forecast page.

Spark’s Take on BRLT Stock

According to Spark, TipRanks’ AI Analyst, BRLT is a Neutral.

Brilliant Earth’s overall stock score reflects a challenging financial performance with high leverage and negative profitability, offset by strong revenue growth and marketing efficiency highlighted in the earnings call. Technical indicators suggest bearish momentum, and while the dividend yield is attractive, the negative P/E ratio is concerning.

To see Spark’s full report on BRLT stock, click here.

More about Brilliant Earth Group

Brilliant Earth Group, Inc. operates in the jewelry industry, specializing in ethically sourced and environmentally responsible fine jewelry, including engagement rings and wedding bands, with a focus on consumers seeking sustainability and transparency in their purchases.

Average Trading Volume: 102,186

Technical Sentiment Signal: Hold

Current Market Cap: $116.4M

See more data about BRLT stock on TipRanks’ Stock Analysis page.