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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
FORM 8-K
____________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 7, 2024
Brilliant Earth Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-40836
87-1015499
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
300 Grant Avenue, Third Floor,
San Francisco, CA
94108
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (800) 691-0952

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A common stock, $0.0001 par value per shareBRLTThe Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o



Item 2.02Results of Operations and Financial Condition.
On November 7, 2024, Brilliant Earth Group, Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2024. A copy of such press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished under this Item 2.02, including the press release attached as Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits. 



SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
BRILLIANT EARTH GROUP, INC.
Date: November 7, 2024
  By:/s/ Jeffrey Kuo
  Jeffrey Kuo
  Chief Financial Officer




Brilliant Earth Reports Third Quarter 2024 Results

Delivered Net Sales Within Guidance Range and Drove 11% Year-Over-Year Repeat Order Growth
Increased Third Quarter Gross Margin by 230 bps Year-Over-Year to 60.8%
Reported GAAP Diluted EPS of $(0.01) and Adjusted Diluted EPS of $0.02
Exceeded Profitability Expectations
Raises Profitability Guidance for the Year

SAN FRANCISCO, Calif. – November 7, 2024 (GLOBE NEWSWIRE) – Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three and nine months ended September 30, 2024.
Third Quarter 2024 Highlights (quarterly period ended September 30, 2024):
•Delivered Net Sales of $99.9 million, in line with the Company's guidance range, declining 13% year-over-year
◦Total orders approximately flat at -1% year-over-year and grew repeat orders by 11% year-over-year
◦Drove strong year-over-year Bookings growth in wedding and anniversary bands and fine jewelry
◦Grew Average Selling Price (ASP) year-over-year for wedding and anniversary bands and fine jewelry
•Introduced groundbreaking jewelry collection in partnership with Dr. Jane Goodall and launched "Rethink Everything You Know About Diamonds" campaign to share and amplify industry-defining innovations and leadership in both lab and natural diamonds
•Expanded Gross Margin by 230 basis points to 60.8% for the third quarter 2024 as compared to the prior year
•Delivered 10 basis points of leverage in marketing expense as a percentage of Net Sales for the third quarter 2024 as compared to the prior year while continuing to make strategic investments in building brand awareness
•Generated strong non-GAAP profitability, exceeding the Company's guidance range:
◦GAAP Net loss was $1.1 million for the third quarter 2024; and
◦Adjusted EBITDA was $3.6 million for the third quarter 2024
•Expanding retail footprint in major metro areas with two locations in Boston and the Company's first street-level location in New York City in Nolita, bringing total showrooms to 40

"We are pleased to report third quarter results that again demonstrate our focus on executing our strategic initiatives in a dynamic environment while also delivering profitability. The strength of the Brilliant Earth brand, the resonance of our products, and the ability of our team to deliver continue to differentiate our Company," said Beth Gerstein, Co-Founder and Chief Executive Officer of Brilliant Earth. "Even as we exceeded our profitability guidance, we continued to make strategic, long-term investments in our brand, which was highlighted this quarter by our most successful fine jewelry collection launch yet with the renowned Dr. Jane Goodall. Along with our "Rethink Everything You Know About Diamonds" campaign, these brand achievements help solidify our leadership in groundbreaking diamond collections and transparent and responsible sourcing practices."

Gerstein continued, "As we enter the busy holiday period, we are encouraged by early indications of improvement in the bridal market and we believe staying focused on building and amplifying our premium brand and delivering an exceptional omnichannel experience for today's consumer will continue to position us well for both near and long-term growth."





1

Third Quarter Results
Q3 2024Q3 2023% Change*
Total Orders42,74443,161(1.0)%
AOV$2,337$2,645(11.6)%
($ in millions, except per share amounts)
Net Sales$99.9$114.2(12.5)%
Gross Profit$60.8$66.8(9.0)%
Gross Margin60.8%58.5%230bps
Net (loss) income allocable to Brilliant Earth Group, Inc. (1)
$(0.1)$0.2(150.0)%
Net (loss) income, as reported$(1.1)$2.0(153.8)%
Net (loss) income margin(1.1)%1.8%(290)bps
Adjusted net income (3)
$1.5$4.8(68.8)%
GAAP Diluted EPS (2)
$(0.01)$0.02(150.0)%
Adjusted Diluted EPS (3)
$0.02$0.05(60.0)%
Adjusted EBITDA (3)
$3.6$7.6(52.3)%
Adjusted EBITDA margin (3)
3.6%6.7%(310)bps
*Percentage changes may not recalculate due to rounding
(1)    Represents net (loss) income allocable to Brilliant Earth Group, Inc. during the third quarter of 2024 and 2023.
(2)    Represents GAAP Diluted EPS during the third quarter of 2024 and 2023.
(3)    Adjusted net income, Adjusted Diluted EPS, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. See "Disclosure Regarding Non-GAAP Financial Measures and Key Metrics" for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.

Nine Month Results

YTD September 2024YTD September 2023% Change*
Total Orders127,673121,6415.0%
AOV$2,370$2,647(10.5)%
($ in millions, except per share amounts)
Net Sales$302.6$322.0(6.0)%
Gross Profit$183.2$184.0(0.4)%
Gross Margin60.5%57.1%340bps
Net income allocable to Brilliant Earth Group, Inc. (1)
$0.2$0.3(33.3)%
Net income, as reported$1.4$2.8(51.1)%
Net income margin0.5%0.9%(40)bps
Adjusted net income (3)
$7.6$12.7(40.2)%
GAAP Diluted EPS (2)
$0.01$0.02(100.0)%
Adjusted Diluted EPS (3)
$0.08$0.13(38.5)%
Adjusted EBITDA (3)
$14.2$20.9(32.1)%
Adjusted EBITDA margin (3)
4.7%6.5%(180)bps
*Percentage changes may not recalculate due to rounding
(1)    Represents net income allocable to Brilliant Earth Group, Inc. during the nine months ended September 30, 2024 and 2023.
(2)    Represents GAAP Diluted EPS during the nine months ended September 30, 2024 and 2023.
(3)    Adjusted net income, Adjusted Diluted EPS, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures. See "Disclosure Regarding Non-GAAP Financial Measures and Key Metrics" for additional information on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.
2

2024 Outlook

Full Year
Net Sales$410 million - $425 million
Adjusted EBITDA$14 million - $16 million
Webcast and Conference Call Information
Brilliant Earth will host a conference call and webcast to discuss third quarter results today, November 7, 2024, at 5:00 p.m. ET/2:00 p.m. PT. The webcast and accompanying slide presentation can be accessed at https://investors.brilliantearth.com. The conference call can be accessed by using the following link: https://register.vevent.com/register/BIcac1047b361945a287f74b587a90bb00. After registering, an email will be sent including dial-in details and a unique conference call pin required to join the live call. A replay of the webcast will remain available on the website after the live webcast concludes.

About Brilliant Earth 
Brilliant Earth is a digitally native, omnichannel fine jewelry company and a global leader in ethically sourced fine jewelry. With 2023 full year Net Sales of $446 million and 13 consecutive quarters of positive adjusted EBITDA since its initial public offering in 2021, the Company’s mission since its 2005 founding has been to create a more transparent, sustainable, and compassionate jewelry industry. Headquartered in San Francisco, CA and Denver, CO, Brilliant Earth has more than 35 showrooms across the United States and has served customers in over 50 countries worldwide. 
3

Disclosure Regarding Non-GAAP Financial Measures and Key Metrics

In addition to the financial measures presented in this release in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company has included certain non-GAAP financial measures in this release, including Adjusted EBITDA, Adjusted Net income, Adjusted Diluted EPS and Adjusted EBITDA margin. These non-GAAP financial measures provide users of our financial information with useful information in evaluating our operating performance and exclude certain items from net income that may vary substantially in frequency and magnitude from period to period.

We define EBITDA as net (loss) income before interest, taxes, depreciation and amortization. We define Adjusted EBITDA as net (loss) income excluding interest expense, income taxes, depreciation expense, amortization of cloud-based software implementation costs, showroom pre-opening expense, equity-based compensation expense, certain non-operating expenses and income, and other unusual and/or infrequent costs, which that we do not consider in our evaluation of ongoing performance of our core operations. We define Adjusted EBITDA margin as Adjusted EBITDA calculated as a percentage of net sales. We believe that Adjusted EBITDA and Adjusted EBITDA margin, which eliminate the impact of certain expenses that we do not believe reflect our underlying business performance, provide useful information to investors to assess the performance of our business.

We define Adjusted Net income as net (loss) income adjusted for the impact of certain additional non-cash and other items that we do not consider in our evaluation of ongoing performance of our core operations. These items include showroom pre-opening expense, equity-based compensation expense, costs to fund the Brilliant Earth Foundation and transaction costs and other expenses. We define Adjusted Diluted EPS as Adjusted Net income, divided by the diluted weighted average shares of common stock outstanding. The diluted weighted average shares of common stock outstanding is derived from the historical diluted weighted average shares of common stock assuming such shares were outstanding for the entirety of the period presented. We believe Adjusted Net income and Adjusted diluted Earnings Per Share, which eliminate the impact of certain expenses that we do not believe reflect our underlying business performance, provide useful information to investors to assess the performance of our business.

Please refer to “GAAP to Non-GAAP Reconciliations” located in the financial supplement in this release for a reconciliation of GAAP to non-GAAP financial information.

This release includes forward-looking guidance for certain non-GAAP financial measures, including Adjusted EBITDA. These measures will differ from net (loss) income, determined in accordance with GAAP, in ways similar to those described in the reconciliations at the end of this release. We are not able to provide, without unreasonable effort, guidance for net income, determined in accordance with GAAP, or a reconciliation of guidance for Adjusted EBITDA to the most directly comparable GAAP measure because the Company is not able to predict with reasonable certainty the amount or nature of all items that will be included in net income.

This press release also contains certain key business metrics which are used to evaluate our business and growth trends, establish budgets, measure the effectiveness of our sales and marketing efforts, and assess operational efficiencies. We define Bookings for each period as the dollar value of confirmed orders as of the date of order placement. We believe Bookings, which represent a measure of gross sales and potential future Net Sales, provide useful information to investors to assess the performance of our business. We define total orders as the total number of customer orders delivered less total orders returned in a given period (excluding those repair, resize, and other orders which have no revenue). We view total orders as a key indicator of the velocity of our business and an indication of the desirability of our products to our customers. Total orders, together with AOV, is an indicator of the net sales we expect to recognize in a given period. Total orders may fluctuate based on the number of visitors to our website and showrooms, and our ability to convert these visitors to customers. We believe that total orders is a measure that is useful to investors and management in understanding our ongoing operations and in an analysis of ongoing operating trends. We define average order value, or AOV, as net sales in a given period divided by total orders in that period. We define average selling price, or ASP, as the total retail sales price of products sold in a given period divided by the total number of product units sold during that same period. We believe that AOV and ASP are measures that are useful to investors and management in understanding our ongoing operations and in an analysis of ongoing operating trends. AOV varies depending on the product type and number of items per order. AOV and ASP may also fluctuate as we expand into and increase our presence in additional product types and price points, and open additional showrooms.
4

Forward-Looking Statements

This press release contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this press release may be forward-looking statements. Statements regarding our future results of operations and financial position, including expectations regarding net sales, Adjusted EBITDA, and Adjusted EBITDA margin, business strategy, plans and objectives of management for future operations, including, among others, statements regarding expected growth and increased market share, introduction of new products, future capital expenditures, and debt service obligations, are forward-looking statements. In some cases, you can identify forward-looking statements by terms, such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “evolve,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “strategy,” “target,” “will,” or “would,” or the negative of these terms or other similar expressions. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. You should not rely upon forward-looking statements as predictions of future events. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including, but not limited to: fluctuations in the pricing and supply of diamonds, other gemstones, and precious metals, particularly responsibly sourced natural and lab-grown diamonds and recycled precious metals such as gold; an overall decline in the health of the economy and other factors impacting consumer spending, such as recessionary or inflationary conditions, governmental instability, war and fears of war, and natural disasters; our ability to cost-effectively turn existing customers into repeat customers or acquire new customers; our rapid growth in recent years and limited operating experience at our current scale of operations; our ability to manage growth effectively; increased lead times, supply shortages, and supply changes; our expansion plans in the United States; our ability to compete in the fine jewelry retail industry; our ability to maintain and enhance our brand and to engage or expand our base of customers; our ability to effectively develop and expand our sales and marketing capabilities and increase our customer base and achieve broader market acceptance of our e-commerce and omnichannel approach to shopping for fine jewelry; our profitability and cash flow being negatively affected if we are not successful in managing our inventory balances and inventory shrinkage; a decline in sales of Design Your Own rings; our ability to manage growth effectively; our heavy reliance on our information technology systems, as well as those of our third-party vendors and service providers, for our business to effectively operate and to safeguard confidential information and risks related to any significant failure, inadequacy or interruption of these systems, security breaches or loss of data; the impact of environmental, social, and governance matters on our business and reputation; our ability to manage risks related to our e-commerce and omnichannel business; our ability to effectively anticipate and respond to changes in consumer preferences and shopping patterns; and introduce new products and programs that appeal to new or existing customers; our dependence on distributions from Brilliant Earth, LLC, our principal asset, to pay our taxes and expenses, including payments under the Tax Receivable Agreement; risks related to our obligations to make substantial cash payments under the Tax Receivable Agreement and risks related to our organizational structure; and the other risks, uncertainties and the factors described in the section titled “Risk Factors” in our Annual Report on Form10-K for the year ended December 31, 2023, which filing is available at www.sec.gov. We qualify all of our forward-looking statements by these cautionary statements. These forward-looking statements speak only as of the date of this press release. Except as required by applicable law, we undertake no obligation to update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise.

Contacts:                                   

Investors:
Colin Bourland                                   
investorrelations@brilliantearth.com

5

BRILLIANT EARTH GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share amounts)

Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Net sales$99,873 $114,154 $302,636 $322,036 
Cost of sales39,103 47,327 119,483 138,044 
Gross profit60,770 66,827 183,153 183,992 
Operating expenses:
Selling, general and administrative61,839 64,813 182,213 180,708 
(Loss) income from operations(1,069)2,014 940 3,284 
Interest expense(1,320)(1,322)(3,827)(3,808)
Other income, net1,525 1,401 4,476 3,436 
(Loss) income before tax(864)2,093 1,589 2,912 
Income tax expense(211)(95)(222)(119)
Net (loss) income (1,075)1,998 1,367 2,793 
Net (loss) income allocable to non-controlling interest(934)1,753 1,184 2,452 
Net (loss) income allocable to Brilliant Earth Group, Inc.$(141)$245 $183 $341 
Earnings per share:
Basic$(0.01)$0.02 $0.01 $0.03 
Diluted$(0.01)$0.02 $0.01 $0.02 
Weighted average shares of common stock outstanding:
Basic13,545,256 12,149,770 13,203,551 11,780,905 
Diluted13,545,256 97,194,920 98,527,171 96,918,465 


6

BRILLIANT EARTH GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share amounts)
September 30,December 31,
20242023
Assets
Current assets:
Cash and cash equivalents$152,653 $155,809 
Restricted cash215 211 
Inventories, net38,530 37,788 
Prepaid expenses and other current assets11,346 11,048 
Total current assets202,744 204,856 
Property and equipment, net21,768 22,047 
Deferred tax assets9,335 9,745 
Operating lease right of use assets36,026 34,248 
Other assets3,373 2,687 
Total assets $273,246 $273,583 
Liabilities and stockholders' equity
Current liabilities:
Accounts payable$2,199 $4,511 
Accrued expenses and other current liabilities36,252 43,824 
Deferred revenue21,538 19,556 
Current portion of operating lease liabilities5,930 4,993 
Current portion of long-term debt6,500 4,063 
Total current liabilities 72,419 76,947 
Long-term debt, net of debt issuance costs51,588 55,573 
Operating lease liabilities37,056 35,572 
Payable pursuant to the Tax Receivable Agreement7,828 8,035 
Total liabilities168,891 176,127 
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at September 30, 2024 and December 31, 2023, respectively— — 
Class A common stock, $0.0001 par value, 1,200,000,000 shares authorized; 13,844,407 shares issued and 13,669,852 shares outstanding at September 30, 2024 and 12,522,146 shares outstanding at December 31, 20231 1 
Class B common stock, $0.0001 par value, 150,000,000 shares authorized; 35,799,762 and 35,688,349 shares outstanding at September 30, 2024 and December 31, 2023, respectively4 4 
Class C common stock, $0.0001 par value, 150,000,000 shares authorized; 49,119,976 shares outstanding at September 30, 2024 and December 31, 2023, respectively5 5 
Class D common stock, $0.0001 par value, 150,000,000 shares authorized; none issued and outstanding at September 30, 2024 and December 31, 2023, respectively— — 
Additional paid-in capital10,467 8,275 
Treasury stock, at cost; 174,555 shares and none at September 30, 2024 and December 31, 2023, respectively (438)— 
Retained earnings4,430 4,247 
Stockholders' equity attributable to Brilliant Earth Group, Inc.14,469 12,532 
Non-controlling interests attributable to Brilliant Earth, LLC89,886 84,924 
Total stockholders' equity104,355 97,456 
Total liabilities and stockholders' equity$273,246 $273,583 

7

GAAP to Non-GAAP Reconciliations
(Unaudited and in thousands, except share and per share amounts)

ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Net (loss) income $(1,075)$1,998 $1,367 $2,793 
Interest expense1,320 1,322 3,827 3,808 
Income tax expense211 95 222 119 
Depreciation expense1,341 1,105 3,846 2,996 
Amortization of cloud-based software implementation costs241 145 659 408 
Showroom pre-opening expense599 1,311 1,221 4,754 
Equity-based compensation expense2,524 2,569 7,536 7,454 
Other income, net (1)
(1,525)(1,401)(4,476)(3,436)
Transaction costs and other expense (2)
— 480 — 2,012 
Adjusted EBITDA$3,636 $7,624 $14,202 $20,908 
Net (loss) income margin(1.1)%1.8 %0.5 %0.9 %
Adjusted EBITDA margin3.6 %6.7 %4.7 %6.5 %
(1)Other income, net consists primarily of interest and other miscellaneous income, partially offset by expenses such as losses on exchange rates on consumer payments.

(2)These expenses are those that we did not incur in the normal course of business. For the nine month period ended September 30, 2023, costs included a $1 million charitable contribution.
8


ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE

Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Net (loss) income attributable to Brilliant Earth Group, Inc., as reported (1)
$(141)$245 $183 $341 
Net (loss) income impact from assumed redemption of all LLC Units to common stock (2)
(934)1,753 1,184 2,452 
Net (loss) income, as reported(1,075)1,998 1,367 2,793 
Income tax benefit (expense) associated with conversion (3)
239 (454)(302)(634)
Tax effected net (loss) income after assumed conversion(836)1,544 1,065 2,159 
Equity-based compensation expense2,524 2,569 7,536 7,454 
Showroom pre-opening expense599 1,311 1,221 4,754 
Transaction costs and other expense(4)
— 480 — 2,012 
Tax impact of adjustments(797)(1,128)(2,235)(3,679)
Adjusted Net Income$1,490 $4,776 $7,587 $12,700 
Diluted weighted average of common stock assumed outstanding13,545,256 97,194,920 98,527,171 96,918,465 
Adjustments:
  Vested LLC Units that are exchangeable for common stock(5)
84,905,562 — — — 
  Unvested LLC Units that are exchangeable for common stock(5)
28,542 — — — 
  RSUs18,186 — — — 
Adjusted diluted weighted average of common stock assumed outstanding98,497,546 97,194,920 98,527,171 96,918,465 
Diluted earnings per share:
As reported$(0.01)$0.02 $0.01 $0.02 
As adjusted$0.02 $0.05 $0.08 $0.13 
(1)Represents net (loss) income allocable to Brilliant Earth Group, Inc. for the three and nine months ended September 30, 2024 and 2023.
(2)It is assumed that we will elect to issue common stock upon redemption of LLC Units rather than cash settle.
(3)Brilliant Earth Group, Inc. is subject to U.S. Federal income taxes, in addition to state and local taxes with respect to its allocable share of any net taxable income of Brilliant Earth, LLC. Acquisition of LLC units by Brilliant Earth Group, Inc. causes all of the taxable income currently recognized by the members of Brilliant Earth, LLC to become taxable to the Company.
(4)These expenses are those that we did not incur in the normal course of business. For the nine month period ended September 30, 2023, costs included a $1 million charitable contribution.
(5)Assumes the exchange of all outstanding LLC Units for shares of common stock, resulting in the elimination of the non-controlling interest and recognition of the net (loss) income attributable to non-controlling interest.




9
v3.24.3
Document and Entity Information Document
Nov. 07, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Nov. 07, 2024
Entity Registrant Name Brilliant Earth Group, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-40836
Entity Tax Identification Number 87-1015499
Entity Address, Address Line One 300 Grant Avenue, Third Floor
Entity Address, City or Town San Francisco
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94108
City Area Code 800
Local Phone Number 691-0952
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A common stock, $0.0001 par value per share
Trading Symbol BRLT
Security Exchange Name NASDAQ
Entity Emerging Growth Company true
Entity Ex Transition Period false
Entity Central Index Key 0001866757
Amendment Flag false
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