Brilliant Earth Group, Inc. Class A ( (BRLT) ) has released its Q1 earnings. Here is a breakdown of the information Brilliant Earth Group, Inc. Class A presented to its investors.
Brilliant Earth Group, Inc. is a global leader in ethically sourced fine jewelry, known for its transparent and sustainable business practices within the jewelry industry. The company recently reported its financial results for the first quarter of 2025, showcasing a steady performance in line with its guidance. Despite a slight decline in net sales compared to the previous year, the company achieved a 12% year-over-year growth in total orders and a 13% growth in repeat orders, indicating strong customer retention and demand for its products. The company reported net sales of $93.9 million and maintained a gross margin of 58.6%, consistent with its medium-term targets. Although the company experienced a GAAP net loss of $3.3 million, it achieved an adjusted EBITDA of $1.1 million, demonstrating its ability to maintain profitability within its guidance range. Additionally, Brilliant Earth expanded its retail presence by opening a new showroom in the Dallas-Fort Worth area, bringing its total to 41 locations. Looking ahead, Brilliant Earth remains focused on executing its growth strategy while maintaining profitability, with an optimistic outlook for the remainder of 2025.