Brilliant Earth Group, Inc. (BRLT) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 GRANT AVENUE
SAN FRANCISCO, CA 94108
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 391 - Jewelry, Silverware, And Plated Ware (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments149,605145,972154,649152,931155,533164,890
Cash and cash equivalents149,605145,972154,649152,931155,533164,890
Restricted cash and investments207 205205205205
Inventory, net of allowances, customer advances and progress billings39,41337,86439,33140,33435,34428,392
Inventory39,41337,86439,33140,33435,34428,392
Contract with customer, asset, after allowance for credit loss600600900700700700
Other undisclosed current assets10,33811,14610,8649,0799,0597,860
Total current assets:200,163195,582205,949203,249200,841202,047
Noncurrent Assets
Operating lease, right-of-use asset38,33333,70727,81222,86421,42720,067
Property, plant and equipment22,20020,25216,55414,56311,2728,734
Deferred income tax assets9,3679,3368,9488,6368,2987,840
Other noncurrent assets3,2663,4233,3113,0771,729943
Total noncurrent assets:73,16666,71856,62549,14042,72637,584
TOTAL ASSETS:273,329262,300262,574252,389243,567239,631
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43,65938,15248,86548,92846,61037,819
Taxes payable600600
Accounts payable9,4968,09911,03210,43110,55511,390
Accrued liabilities34,16330,05337,83337,89735,45526,429
Deferred revenue22,25821,85418,50522,69422,47623,561
Debt3,2503,2503,2503,2503,25041,053
Other undisclosed current liabilities4,9835,3153,8732,7212,4252,779
Total current liabilities:74,15068,57174,49377,59374,761105,212
Noncurrent Liabilities
Long-term debt and lease obligation57,92458,69359,46283,39482,39942,745
Long-term debt, excluding current maturities57,92458,69359,46260,22861,00022,863
Liabilities, other than long-term debt47,62141,61035,4786,8106,6539,632
Accounts payable and accrued liabilities7,8977,8346,8936,7346,5416,604
Other liabilities122648761123,028
Operating lease, liability39,71233,75028,53723,16621,39919,882
Total noncurrent liabilities:105,545100,30394,94090,20489,05252,377
Total liabilities:179,695168,874169,433167,797163,813157,589
Equity
Equity, attributable to parent, including:11,65111,23610,9299,6959,0679,233
Additional paid in capital7,8827,6157,2566,7316,7497,339
Retained earnings3,7593,6113,6632,9542,3081,884
Other undisclosed equity, attributable to parent101010101010
Equity, attributable to noncontrolling interest81,98382,19082,21274,89770,68772,809
Total equity:93,63493,42693,14184,59279,75482,042
TOTAL LIABILITIES AND EQUITY:273,329262,300262,574252,389243,567239,631

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues110,18497,698119,630111,405108,809100,038
Cost of revenue
(Cost of Goods and Services Sold)
(46,695)(44,022)(54,194)(50,487)(50,988)(49,922)
Gross profit:63,48953,67665,43660,91857,82150,116
Operating expenses(62,129)(53,766)(59,388)(54,615)(52,145)(44,816)
Operating income (loss):1,360(90)6,0486,3035,6765,300
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,192843539374(49)(59)
Interest and debt expense(1,280)(1,206)(958)(778)(1,763)(1,776)
Income (loss) from continuing operations before income taxes:1,272(453)5,6295,8993,8643,465
Income tax expense (benefit)(37)13557(180)(113)(96)
Income (loss) from continuing operations:1,235(440)6,1865,7193,7513,369
Income before gain (loss) on sale of properties:5,7193,7513,369
Net income (loss):1,235(440)6,1865,7193,7513,369
Net income (loss) attributable to noncontrolling interest(1,087)388(5,477)(5,073)(3,327)(3,013)
Net income (loss) available to common stockholders, basic:148(52)709646424356
Other undisclosed net income (loss) available to common stockholders, diluted806(288)4,0613,7232,4772,260
Net income (loss) available to common stockholders, diluted:954(340)4,7704,3692,9012,616

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):1,235(440)6,1865,7193,7513,369
Comprehensive income (loss):1,235(440)6,1865,7193,7513,369
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,087)388(5,477)(5,073)(3,327)(3,013)
Comprehensive income (loss), net of tax, attributable to parent:148(52)709646424356

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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