Brilliant Earth Group (NASDAQ:BRLT) Issues Quarterly Earnings Results

Brilliant Earth Group (NASDAQ:BRLT) issued its earnings results on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05), FiscalAI reports. Brilliant Earth Group had a negative net margin of 0.71% and a negative return on equity of 17.41%. The company had revenue of $99.50 million for the quarter, compared to analyst estimates of $98.16 million.

Here are the key takeaways from Brilliant Earth Group’s conference call:

• Net sales +6% to $99.5M in Q1 with gross margin at 54.3% (mid‑50s target) and adjusted EBITDA of negative $4.7M that landed in the upper half of company guidance.
• Fine jewelry is a clear growth engine — bookings +33% YoY (17% of total bookings), showroom fine jewelry +48% YoY, and the Sol Collection +90% YoY as management targets a path toward a $100M business.
• Omnichannel expansion continues with 42 showrooms (two more planned) and a strong-performing Beverly Hills flagship that is driving retail orders, foot traffic, and new experiential formats like the popular Date Night appointments.
• Gross margin was pressured by historically high metal prices in Q1, but management expects sequential improvement through selective price optimization, design/production and procurement efficiencies, and hedging, calling Q1 the low point for the year.
• Outlook and liquidity are mixed: Q2 guided to low-single-digit sales growth and adjusted EBITDA of $0.5M–$2M, full-year mid-single-digit sales growth and mid‑50s gross margin expected, and the company ended Q1 with roughly $59M cash and no debt (inventory turns >4x).

Brilliant Earth Group Price Performance

Shares of Brilliant Earth Group stock traded up $0.01 during trading hours on Friday, hitting $1.42. The company’s stock had a trading volume of 14,345 shares, compared to its average volume of 62,928. The company has a market capitalization of $143.07 million, a PE ratio of -4.56 and a beta of 1.43. The stock has a 50 day moving average of $1.36 and a 200 day moving average of $1.69. Brilliant Earth Group has a 12 month low of $1.21 and a 12 month high of $3.10.

Insider Activity

In related news, insider Sharon Dziesietnik sold 19,687 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $1.37, for a total transaction of $26,971.19. Following the completion of the sale, the insider directly owned 446,736 shares of the company’s stock, valued at approximately $612,028.32. This represents a 4.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 83.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP acquired a new stake in shares of Brilliant Earth Group during the third quarter worth $308,000. Capital World Investors boosted its stake in Brilliant Earth Group by 13.2% in the 3rd quarter. Capital World Investors now owns 1,052,309 shares of the company’s stock worth $2,178,000 after purchasing an additional 122,460 shares during the period. Vanguard Group Inc. increased its holdings in Brilliant Earth Group by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 605,770 shares of the company’s stock worth $1,254,000 after purchasing an additional 70,833 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at about $84,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Brilliant Earth Group in the 3rd quarter valued at about $81,000. Institutional investors and hedge funds own 70.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BRLT shares. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 price objective on shares of Brilliant Earth Group in a report on Monday, March 2nd. Morgan Stanley cut shares of Brilliant Earth Group to a “sector weight” rating in a research report on Friday, March 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Brilliant Earth Group in a research note on Wednesday, January 21st. KeyCorp reaffirmed a “sector weight” rating on shares of Brilliant Earth Group in a research note on Friday, March 6th. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $1.50 price objective (down from $3.00) on shares of Brilliant Earth Group in a report on Friday, March 6th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $1.74.

About Brilliant Earth Group

Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.

Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.