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
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments154,649172,865
Cash and cash equivalents154,649172,865
Restricted cash and investments205205
Inventory, net of allowances, customer advances and progress billings39,33124,743
Inventory39,33124,743
Contract with customer, asset, after allowance for credit loss9001,100
Other undisclosed current assets10,8647,078
Total current assets:205,949205,991
Noncurrent Assets
Operating lease, right-of-use asset27,812 
Property, plant and equipment16,5546,732
Deferred income tax assets8,9484,407
Other noncurrent assets3,311601
Total noncurrent assets:56,62511,740
TOTAL ASSETS:262,574217,731
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48,86543,236
Accounts payable11,03214,480
Accrued liabilities37,83328,756
Deferred revenue18,50518,818
Debt3,25030,789
Other undisclosed current liabilities3,873 
Total current liabilities:74,49392,843
Noncurrent Liabilities
Long-term debt and lease obligation59,46232,789
Long-term debt, excluding current maturities59,46232,789
Liabilities, other than long-term debt35,4789,261
Accounts payable and accrued liabilities6,8933,775
Deferred rent credit  2,507
Other liabilities482,979
Operating lease, liability28,537 
Total noncurrent liabilities:94,94042,050
Total liabilities:169,433134,893
Equity
Equity, attributable to parent, including:10,9298,403
Additional paid in capital7,2566,865
Retained earnings3,6631,528
Other undisclosed equity, attributable to parent1010
Equity, attributable to noncontrolling interest82,21274,435
Total equity:93,14182,838
TOTAL LIABILITIES AND EQUITY:262,574217,731

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues439,882380,189
Cost of revenue
(Cost of Goods and Services Sold)
(205,591)(192,768)
Gross profit:234,291187,421
Operating expenses(210,964)(147,291)
Operating income:23,32740,130
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
805(6,601)
Interest and debt expense(5,275)(7,589)
Income from continuing operations before income taxes:18,85725,940
Income tax benefit168316
Income from continuing operations:19,02526,256
Income before gain (loss) on sale of properties:26,256
Net income:19,02526,256
Net loss attributable to noncontrolling interest(16,890)(24,728)
Net income attributable to parent:2,1351,528
Preferred stock dividends and other adjustments  327,189
Net income available to common stockholders, basic:2,135328,717
Other undisclosed net income available to common stockholders, diluted12,521 
Net income available to common stockholders, diluted:14,656328,717

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income:19,02526,256
Comprehensive income:19,02526,256
Comprehensive loss, net of tax, attributable to noncontrolling interest(16,890)(24,728)
Comprehensive income, net of tax, attributable to parent:2,1351,528

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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