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Brilliant Earth Group, Inc. (BRLT) 10-Year Financial Performance & Capital Metrics

BRLT • • Industrial / General
Consumer CyclicalLuxury GoodsFine Jewelry RetailersOnline-First Jewelry Retailers
AboutBrilliant Earth Group, Inc. engages in the design, procurement, and retail sale of diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms. As of December 31, 2021, it had 15 showrooms. The company was founded in 2005 and is headquartered in San Francisco, California.Show more
  • Revenue $422M -5.4%
  • EBITDA $9M -0.2%
  • Net Income $541K -7.4%
  • EPS (Diluted) 0.03 +428.3%
  • Gross Margin 60.26% +4.7%
  • EBITDA Margin 2.05% +5.5%
  • Operating Margin 0.79% -21.0%
  • Net Margin 0.13% -2.0%
  • ROE 0.52% -14.6%
  • ROIC 5.78% -35.1%
  • Debt/Equity 0.89 -13.2%
  • Interest Coverage 0.67 -23.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 16.0%
  • ✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

  • ✗Weak 3Y average ROE of 1.2%
  • ✗Thin 5Y average net margin of 1.9%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y15.96%
3Y3.55%
TTM1.31%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-29.26%
TTM-100.03%

EPS CAGR

10Y-
5Y-
3Y26.12%
TTM-708.33%

ROCE

10Y Avg19.78%
5Y Avg28.24%
3Y Avg6.31%
Latest1.68%

Peer Comparison

Online-First Jewelry Retailers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BRLTBrilliant Earth Group, Inc.26.55M1.7555.21-5.43%-0.09%-0.48%47.79%0.89

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+201.34M251.82M380.19M439.88M446.38M422.16M
Revenue Growth %-0.25%0.51%0.16%0.01%-0.05%
Cost of Goods Sold+116.42M139.52M192.77M205.59M189.38M167.76M
COGS % of Revenue0.58%0.55%0.51%0.47%0.42%0.4%
Gross Profit+84.92M112.3M187.42M234.29M257M254.4M
Gross Margin %0.42%0.45%0.49%0.53%0.58%0.6%
Gross Profit Growth %-0.32%0.67%0.25%0.1%-0.01%
Operating Expenses+90.32M85.71M147.29M210.96M252.52M251.05M
OpEx % of Revenue0.45%0.34%0.39%0.48%0.57%0.59%
Selling, General & Admin90.32M85.71M147.29M210.96M252.52M251.05M
SG&A % of Revenue0.45%0.34%0.39%0.48%0.57%0.59%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses000000
Operating Income+-5.39M26.59M40.13M23.33M4.48M3.35M
Operating Margin %-0.03%0.11%0.11%0.05%0.01%0.01%
Operating Income Growth %-5.93%0.51%-0.42%-0.81%-0.25%
EBITDA+-4.77M27.24M40.99M28.48M8.68M8.66M
EBITDA Margin %-0.02%0.11%0.11%0.06%0.02%0.02%
EBITDA Growth %-6.71%0.5%-0.31%-0.7%-0%
D&A (Non-Cash Add-back)622K646K860K5.15M4.2M5.31M
EBIT-5.52M26.52M33.53M23.52M9.43M9.19M
Net Interest Income+-2.26M-4.94M-7.59M-4.66M-5.13M-5.03M
Interest Income000000
Interest Expense2.26M4.94M7.59M4.66M5.13M5.03M
Other Income/Expense-2.38M-5.02M-14.19M-4.47M-179K804K
Pretax Income+-7.78M21.58M25.94M18.86M4.3M4.15M
Pretax Margin %-0.04%0.09%0.07%0.04%0.01%0.01%
Income Tax+00-316K-168K-431K160K
Effective Tax Rate %1%1%0.06%0.11%0.14%0.13%
Net Income+-7.78M21.58M1.53M2.13M584K541K
Net Margin %-0.04%0.09%0%0%0%0%
Net Income Growth %-3.77%-0.93%0.4%-0.73%-0.07%
Net Income (Continuing)-7.78M21.58M26.26M19.02M4.73M3.99M
Discontinued Operations000000
Minority Interest0074.44M82.21M84.92M94.05M
EPS (Diluted)+-0.080.230.020.020.010.03
EPS Growth %-3.83%-0.93%0.4%-0.73%-
EPS (Basic)-0.812.250.160.200.050.04
Diluted Shares Outstanding95.8M95.8M96.74M96.51M97.06M98.35M
Basic Shares Outstanding9.58M9.58M9.61M10.69M11.93M13.3M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+53.67M82.97M205.99M205.95M204.86M211.41M
Cash & Short-Term Investments40.39M66.27M172.87M154.65M155.81M161.93M
Cash Only40.39M66.27M172.87M154.65M155.81M161.93M
Short-Term Investments000000
Accounts Receivable000000
Days Sales Outstanding------
Inventory10.81M13.56M24.74M39.33M37.79M38.29M
Days Inventory Outstanding33.8835.4746.8569.8372.8383.31
Other Current Assets204K205K205K11.97M1.21M11.2M
Total Non-Current Assets+2.26M2.24M11.74M56.63M68.73M69.83M
Property, Plant & Equipment2M1.99M6.73M44.37M56.3M56.85M
Fixed Asset Turnover100.47x126.80x56.47x9.91x7.93x7.43x
Goodwill000000
Intangible Assets00001.47M2.16M
Long-Term Investments000000
Other Non-Current Assets252K258K601K3.31M1.22M1.19M
Total Assets+55.92M85.22M217.73M262.57M273.58M281.25M
Asset Turnover3.60x2.96x1.75x1.68x1.63x1.50x
Asset Growth %-0.52%1.56%0.21%0.04%0.03%
Total Current Liabilities+31.96M38.71M92.84M74.54M76.95M78.17M
Accounts Payable10.77M10.81M14.48M11.03M4.51M15.73M
Days Payables Outstanding33.7528.2927.4219.598.6934.23
Short-Term Debt0030.79M3.25M4.06M5.69M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities3.51M3.69M5.5M5.15M37.8M8.64M
Current Ratio1.68x2.14x2.22x2.76x2.66x2.70x
Quick Ratio1.34x1.79x1.95x2.24x2.17x2.21x
Cash Conversion Cycle------
Total Non-Current Liabilities+115.48M131.9M42.05M94.89M99.18M93.69M
Long-Term Debt32.65M62.21M32.79M59.46M55.57M50.01M
Capital Lease Obligations00028.54M35.57M35.86M
Deferred Tax Liabilities000000
Other Non-Current Liabilities82.69M69.51M9.26M6.89M8.04M7.83M
Total Liabilities147.44M170.61M134.89M169.43M176.13M171.86M
Total Debt+32.65M62.21M63.58M95.12M100.2M97.66M
Net Debt-7.74M-4.06M-109.29M-59.53M-55.61M-64.26M
Debt / Equity--0.77x1.02x1.03x0.89x
Debt / EBITDA-2.28x1.55x3.34x11.54x11.27x
Net Debt / EBITDA--0.15x-2.67x-2.09x-6.40x-7.42x
Interest Coverage-2.39x5.38x5.29x5.01x0.87x0.67x
Total Equity+-91.52M-85.39M82.84M93.14M97.46M109.38M
Equity Growth %-0.07%1.97%0.12%0.05%0.12%
Book Value per Share-0.96-0.890.860.971.001.11
Total Shareholders' Equity-91.52M-85.39M8.4M10.93M12.53M15.33M
Common Stock-91.52M-85.39M10K10K10K10K
Retained Earnings001.53M3.66M4.25M4.79M
Treasury Stock00000-638K
Accumulated OCI000000
Minority Interest0074.44M82.21M84.92M94.05M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+567K26.72M46.08M14.51M26.21M17.59M
Operating CF Margin %0%0.11%0.12%0.03%0.06%0.04%
Operating CF Growth %-46.13%0.72%-0.69%0.81%-0.33%
Net Income-7.78M21.58M26.26M19.02M584K3.99M
Depreciation & Amortization622K646K860K1.92M8.89M5.31M
Stock-Based Compensation43K46K2.79M8.84M9.95M9.93M
Deferred Taxes00-316K-168K-488K128K
Other Non-Cash Items316K1.24M8.09M4.62M4.48M6.06M
Working Capital Changes7.36M3.22M8.4M-19.73M2.79M-7.83M
Change in Receivables-1.08M3.51M0000
Change in Inventory-2.43M-2.83M-11.2M-14.75M1.5M-686K
Change in Payables8.5M134K15.28M2.49M2.02M-725K
Cash from Investing+-678K-584K-5.61M-9.12M-11.94M-4.91M
Capital Expenditures-678K-584K-5.61M-9.12M-11.94M-4.91M
CapEx % of Revenue0%0%0.01%0.02%0.03%0.01%
Acquisitions------
Investments------
Other Investing000000
Cash from Financing+22.6M-263K66.12M-23.6M-13.1M-6.57M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid0-30M0000
Share Repurchases------
Other Financing-1.4M-263K-21.44M-19.57M-9.85M-1.87M
Net Change in Cash------
Free Cash Flow+-111K26.14M40.47M5.38M14.27M12.69M
FCF Margin %-0%0.1%0.11%0.01%0.03%0.03%
FCF Growth %-236.49%0.55%-0.87%1.65%-0.11%
FCF per Share-0.000.270.420.060.150.13
FCF Conversion (FCF/Net Income)-0.07x1.24x30.16x6.79x44.89x32.52x
Interest Paid005.89M3.83M5.15M4.88M
Taxes Paid000175K68K2K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)--1.84%2.43%0.61%0.52%
Return on Invested Capital (ROIC)---488.35%8.91%5.78%
Gross Margin42.18%44.6%49.3%53.26%57.57%60.26%
Net Margin-3.86%8.57%0.4%0.49%0.13%0.13%
Debt / Equity--0.77x1.02x1.03x0.89x
Interest Coverage-2.39x5.38x5.29x5.01x0.87x0.67x
FCF Conversion-0.07x1.24x30.16x6.79x44.89x32.52x
Revenue Growth-25.07%50.98%15.7%1.48%-5.43%

Revenue by Geography

2021202220232024
UNITED STATES353.07M413.68M425.06M406.21M
UNITED STATES Growth-17.17%2.75%-4.44%
Non-US27.12M26.2M21.32M15.95M
Non-US Growth--3.37%-18.64%-25.17%

Frequently Asked Questions

Valuation & Price

Brilliant Earth Group, Inc. (BRLT) has a price-to-earnings (P/E) ratio of 55.2x. This suggests investors expect higher future growth.

Growth & Financials

Brilliant Earth Group, Inc. (BRLT) reported $432.6M in revenue for fiscal year 2024. This represents a 115% increase from $201.3M in 2019.

Brilliant Earth Group, Inc. (BRLT) saw revenue decline by 5.4% over the past year.

Brilliant Earth Group, Inc. (BRLT) reported a net loss of $0.4M for fiscal year 2024.

Dividend & Returns

Brilliant Earth Group, Inc. (BRLT) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.

Brilliant Earth Group, Inc. (BRLT) generated $12.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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