BrilliA Inc. Class A (BRIA) AI Stock Analysis

• Market Cap: $46.00M
• Dividend Yield: 8.21%
• Average Volume (3M): 9.01K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.55
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 194
• Sector: Technology
• Sector Strength: 88
• Industry: Industrial - Distribution
• EPS (TTM): N/A
• Shares Outstanding: 25,000,000
• 10 Day Avg. Volume: 11,209
• 30 Day Avg. Volume: 9,010
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: -0.13
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: $2.00 ▲(1.52% Upside)
• Action: Reiterated Date: 02/15/26
• Date: Action: Reiterated 02/15/26

The score is primarily supported by a strong, low-leverage balance sheet and improving FY2025 revenue growth, with added support from a high dividend yield. Offsetting these positives, cash flow has deteriorated into negative operating and free cash flow, and technical indicators show an overextended momentum setup that increases near-term risk.

Positive Factors

Conservative Balance Sheet

A very low debt-to-equity ratio (~0.09) and a sizable equity base give durable financial flexibility. Conservatively levered capital structure limits refinancing and interest-rate risk, supports capital allocation optionality, and underpins the company’s ability to sustain dividends and strategic investments.

Revenue Re-acceleration

Top-line growth re-accelerated to +15.3% in FY2025 after prior weakness, signaling recovering demand or regained market traction. Sustained revenue momentum supports capacity utilization, scale economics and provides a foundation for margin recovery and longer-term earnings stability if the trend persists.

High Dividend Yield

A near-6% dividend yield represents a meaningful recurring return to shareholders and indicates a shareholder-friendly policy. Coupled with low leverage, this yield can attract income-focused investors and help stabilize the shareholder base, supporting longer-term access to capital.

Negative Factors

Deteriorating Cash Generation

Operating and free cash flow turned meaningfully negative in FY2025, a sharp reversal from prior positive FCF. Persistent cash conversion weakness raises funding risk for operations, capital expenditures and dividends, potentially forcing external financing or asset sales and reducing long-term financial resilience.

Margin Compression

Material compression in gross and net margins versus prior years suggests rising input costs or pricing pressure. Lower margins reduce internal cash available for reinvestment and returns, erode competitive cushions, and make the business more sensitive to revenue fluctuations over the medium term.

Volatile Revenue History

Large year-to-year swings in revenue indicate demand cyclicality or exposure to volatile end markets. This variability complicates long-term planning, capital allocation and margin stabilization efforts, increasing execution risk and making consistent multi-year forecasting and investment decisions harder.

BrilliA Inc. Class A Business Overview & Revenue Model

Company Description

BrilliA, Inc. is a holding company, which engages in the sale of women’s lingerie and apparel through its subsidiaries. Its products include brassiere, bodysuits, and lingerie. The company was founded by Salim Podiono on July 14, 2023 and is headquartered in Singapore.

How the Company Makes Money

null

BrilliA Inc. Class A Financial Statement Overview

Summary

Balance sheet strength is a clear positive (low leverage; debt-to-equity ~0.09), and revenue growth improved in FY2025 (+15.3%). However, margins have compressed versus prior years and cash generation is the key weakness, with FY2025 operating cash flow (-$4.5M) and free cash flow (-$4.6M) turning negative.

Income Statement

Revenue growth re-accelerated in FY2025 (+15.3%) after a modest FY2024 (+5.5%) and a sharp FY2023 decline (-25.4%), indicating improving top-line momentum but with volatility. Profitability remains positive, though margins have compressed versus prior years: FY2025 gross margin ~16.2% and net margin ~4.4% (down from ~8.2% in FY2023). Operating profitability is still reasonable for the business (FY2025 EBIT margin ~6.4%), but the trajectory suggests rising costs and/or pricing pressure.

Balance Sheet

The balance sheet appears conservatively levered, with low debt relative to equity in FY2025 (debt-to-equity ~0.09) and a sizable equity base. Returns on equity are strong across the period (FY2025 ~15.6%), although they have stepped down meaningfully from exceptionally high levels in FY2022–FY2024. Overall, financial flexibility looks good, with leverage not currently a key risk.

Cash Flow

Cash generation weakened materially: FY2025 operating cash flow was negative (-$4.5M) and free cash flow was also negative (-$4.6M), a significant deterioration from strong positive free cash flow in FY2023 (~$11.0M). FY2024 cash flow was also slightly negative. While earnings remain positive, the recent pattern suggests working-capital or cash conversion pressure, increasing funding risk if sustained.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	64.39M	55.87M	52.94M	70.92M
Gross Profit	10.43M	8.54M	9.14M	9.89M
EBITDA	4.58M	3.99M	5.26M	5.84M
Net Income	2.82M	3.28M	4.34M	4.78M
Balance Sheet
Total Assets	28.41M	27.15M	22.20M	24.93M
Cash, Cash Equivalents and Short-Term Investments	7.70M	6.38M	8.91M	4.36M
Total Debt	1.68M	0.00	0.00	0.00
Total Liabilities	10.33M	19.01M	15.71M	16.30M
Stockholders Equity	18.06M	8.13M	6.50M	8.63M
Cash Flow
Free Cash Flow	-4.59M	-177.47K	11.04M	3.59M
Operating Cash Flow	-4.52M	-177.47K	11.04M	3.59M
Investing Cash Flow	-887.00K	0.00	0.00	-4.89K
Financing Cash Flow	6.71M	-2.78M	-6.49M	-4.97M

BrilliA Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GIC	76 Outperform	$1.16B	15.56	23.59%	3.48%	0.16%	2.99%
DXPE	75 Outperform	$2.00B	19.31	18.67%	―	12.76%	36.11%
BRIA	65 Neutral	$46.00M	―	―	8.21%	―	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
EVI	57 Neutral	$264.45M	33.19	3.77%	―	12.63%	-21.23%
DSGR	56 Neutral	$1.20B	152.18	-1.68%	―	14.46%	-588.82%
TITN	47 Neutral	$347.75M	-6.84	-10.12%	―	-8.92%	-304.76%