Brilliant Earth Group (BRLT)
Recap: Q4 2025
Record Revenue Means Nothing When Gold Is Up 67%, Platinum Is Up 144%, and Management Suspends Its Own Medium-Term Targets — The Growth Story Is Intact but the Profitability Roadmap Just Got Ripped Up
Analysis: Q3 2025
Revenue Accelerates to +10%, Engagement Rings Inflect, and AOV Finally Stops Bleeding — But Gold and Tariffs Gut the Margin Guide, and the Stock Sells Off Because the Market Wanted the Whole Package
Analysis: Q2 2025
Revenue Beats by 5%, Guidance Gets Raised, Debt Gets Killed, and Beyoncé Wears the Jewelry — This Is What an Inflection Looks Like, Even If the Gross Margin Doesn't Know It Yet
Analysis: Q1 2025
Orders Surge 12% But AOV Craters 14% — The Fine Jewelry Mix Shift Is Generating Volume at the Expense of Revenue, Margin, and the Profitability Streak's Credibility