Brilliant Earth Swings to Profit in Q2, Lifts Full-Year Outlook
BRLT sits 21% above its 52-week low of $1 on elevated volume (8.3× avg).
Summary
Brilliant Earth swung to Q2 net income of $0.8M from a $1.1M loss last year and raised full-year guidance. Adjusted EBITDA jumped 81% to $5.8M on 5.7% revenue growth.
Key Events · Earnings and Guidance · BRLT
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Q2 Profit Swing
Net income reached $0.8M, compared with a $1.1M loss in Q2 2025, fueled by 5.7% revenue growth to $115.1M and operating leverage that offset a 40 bps decline in gross margin.
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Adjusted EBITDA Nearly Doubles
Adjusted EBITDA climbed 81.3% year-over-year to $5.8M, with the margin expanding to 5.0% from 2.9%.
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Full-Year Guidance Raised
Management now projects 2026 net sales of $440M–$450M and Adjusted EBITDA of $14M–$18M, an increase from prior guidance.
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Strong Balance Sheet
Cash and equivalents stand at $74.9M, with no debt and negative working capital of $24.0M, providing liquidity to fund operations and tax distributions.
Analysis · BRLT · Manufacturing
A sharp turnaround in Q2 saw Brilliant Earth post net income of $0.8 million, reversing a loss from the prior year, thanks to higher average order values and disciplined cost management. Adjusted EBITDA nearly doubled to $5.8 million, prompting management to raise full-year guidance for both revenue and profit. With $74.9 million in cash and no debt, the company has ample runway. Additionally, a long-running labor lawsuit moved closer to resolution after receiving preliminary court approval of a settlement, removing a legal overhang.
At the time of this filing, BRLT was trading at $1.21 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $122.5M. The 52-week trading range was $1.00 to $3.10. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.