Brilliant Earth Group, Inc.
For the period ended Dec 31, 2025. Filed Mar 17, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 17, 2026
BRLT$1.30-4.4%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
| Years ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities | ||
| Net (loss) income | $(6,400) | $3,994 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation | 6,109 | 5,312 |
| Equity-based compensation | 8,920 | 9,934 |
| Gain on TRA liability remeasurement | (7,804) | — |
| Non-cash operating lease cost | 6,490 | 5,555 |
| Loss on extinguishment of debt | 573 | — |
| Amortization of debt issuance costs | 179 | 291 |
| Deferred tax expense | 9,647 | 128 |
| Other | 247 | 213 |
| Changes in assets and liabilities: | ||
| Inventories | (15,192) | (686) |
| Prepaid expenses and other current assets | (838) | 667 |
| Other assets | (1,582) | (728) |
| Accounts payable, accrued expenses and other current liabilities | 12,910 | (725) |
| Deferred revenue | 3,745 | (630) |
| Operating lease liabilities | (7,286) | (5,730) |
| Net cash provided by operating activities | 9,718 | 17,595 |
| Investing activities | ||
| Purchases of property and equipment | (3,966) | (4,907) |
| Net cash used in investing activities | (3,966) | (4,907) |
| Financing activities | ||
| Dividends, distributions and TRA payments to members | (28,012) | (1,766) |
| Repurchases of common stock | (456) | (638) |
| Payments of debt issuance costs | (131) | (100) |
| Dividends paid on Class A common stock | (3,793) | — |
| Payments on SVB term loan | (56,063) | (4,063) |
| Net cash used in financing activities | (88,455) | (6,567) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (82,703) | 6,121 |
| Cash, cash equivalents and restricted cash at beginning of year | 162,141 | 156,020 |
| Cash, cash equivalents and restricted cash at end of year | $79,438 | $162,141 |
| Non-cash investing and financing activities | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $3,381 | $7,129 |
| Deferred tax assets associated with redemption of LLC Units | $(11) | $(9) |
| TRA Obligation associated with redemption of LLC Units | $11 | $207 |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $139 | $24 |
| Change to APIC related to redemption of LLC Units | $(4) | $216 |
| Supplemental information | ||
| Cash paid for interest | $2,150 | $4,878 |
| Cash paid for taxes | $— | $2 |
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