Brilliant Earth Group, Inc. (BRLT) Balance Sheet
BRLT balance sheet, 2025
December 31, 2025 · U.S. dollars$200.9M assets = $121.3M liabilities + $79.6M equity
Both columns are drawn to the same scale: what BRLT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BRLT financial health
Descriptive bands, not a rating. Fiscal 2025.
BRLT balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $55.9M2019 | $200.9M2025 | +23.8%/yr | |
| Total liabilities | $147.4M2019 | $121.3M2025 | −3.2%/yr | |
| Shareholders’ equity | −$91.5M2019 | $12.3M2025 | — | |
| Cash & short-term investments | $40.4M2019 | $79.1M2025 | +11.8%/yr | |
| Total debt | $41.4M2019 | $38.1M2025 | −1.4%/yr | |
| Net cash (debt) | −$1.0M2019 | $41.0M2025 | +$42.1M | |
| Working capital | $21.7M2019 | $54.6M2025 | +$32.9M | |
| Current ratio | 1.682019 | 1.612025 | −0.07 | |
| Debt / equity | 7.572021 | 3.092025 | −4.47 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BRLT assets
BRLT liabilities and equity
BRLT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BRLT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $79.1M | $161.9M | $155.8M | $154.6M | $172.9M | $66.3M | $40.4M |
| Cash & equivalents | $79.1M | $161.9M | $155.8M | $154.6M | $172.9M | $66.3M | $40.4M |
| Receivables | $0 | $0 | $0 | −$10.9M | $205,000 | $205,000 | $204,000 |
| Inventory | $53.2M | $38.3M | $37.8M | $39.3M | $24.7M | $13.6M | $10.8M |
| Other current assets | $12.4M | $11.2M | $11.3M | $22.8M | $8.2M | $2.9M | $2.3M |
| Total current assets | $144.7M | $211.4M | $204.9M | $205.9M | $206.0M | $83.0M | $53.7M |
| Property, plant & equipment (net) | $51.5M | $56.8M | $56.3M | $44.4M | $6.7M | $2.0M | $2.0M |
| Goodwill & intangible assets | $3.4M | $2.2M | $1.5M | $2.0M | $0 | $29,000 | $257,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.3M | $10.8M | $11.0M | $10.2M | $5.0M | $229,000 | $0 |
| Total assets | $200.9M | $281.2M | $273.6M | $262.6M | $217.7M | $85.2M | $55.9M |
| Liabilities | |||||||
| Accounts payable | $24.8M | $15.7M | $17.2M | $11.0M | $14.5M | $11.0M | $10.8M |
| Short-term debt | $6.9M | $11.8M | $9.1M | $7.1M | $30.8M | $10.2M | $8.8M |
| Deferred revenue | $22.7M | $18.9M | $19.6M | $18.6M | $18.8M | $10.8M | $8.4M |
| Total current liabilities | $90.1M | $78.2M | $76.9M | $74.5M | $92.8M | $38.7M | $32.0M |
| Long-term debt | $0 | $50.0M | $55.6M | $59.5M | $32.8M | $62.2M | $32.7M |
| Lease obligations | $38.1M | $42.0M | $40.6M | $32.4M | $0 | — | — |
| Other long-term liabilities | $31.2M | $43.7M | $43.6M | $35.4M | $9.3M | $69.7M | $82.8M |
| Total liabilities | $121.3M | $171.9M | $176.1M | $169.4M | $134.9M | $170.6M | $147.4M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $11,000 | $10,000 | $10,000 | $10,000 | $10,000 | −$85.4M | −$91.5M |
| Retained earnings (deficit) | −$2.6M | $4.8M | $4.2M | $3.7M | $1.5M | $0 | — |
| Accumulated other comprehensive income | — | — | — | $0 | $0 | — | — |
| Minority interest | $67.3M | $94.1M | $84.9M | $82.2M | $74.4M | — | — |
| Total shareholders' equity | $12.3M | $15.3M | $12.5M | $10.9M | $8.4M | −$85.4M | −$91.5M |
| Key figures | |||||||
| Total debt | $38.1M | $97.7M | $100.2M | $95.1M | $63.6M | $72.4M | $41.4M |
| Net cash (debt) | $41.0M | $64.3M | $55.6M | $59.5M | $109.3M | −$6.1M | −$1.0M |
| Working capital | $54.6M | $133.2M | $127.9M | $131.4M | $113.1M | $44.3M | $21.7M |
| Tangible book value | $8.9M | $13.2M | $11.1M | $8.9M | $8.4M | −$85.4M | −$91.8M |
| Book value per share | $0.83 | — | — | — | — | — | — |
| Shares outstanding | 14.8M | — | — | — | — | — | — |
| Current ratio | 1.61 | 2.70 | 2.66 | 2.76 | 2.22 | 2.14 | 1.68 |
| Quick ratio | 0.88 | 2.07 | 2.02 | 1.93 | 1.86 | 1.72 | 1.27 |
| Debt / equity | 3.09 | 6.37 | 8.00 | 8.70 | 7.57 | — | — |
| Equity / assets | 6.1% | 5.5% | 4.6% | 4.2% | 3.9% | −100.2% | −163.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $74.9M | $58.6M | $79.1M | $73.4M | $133.6M | $147.3M | $161.9M | $152.7M | $152.2M | $147.5M | $155.8M | $147.1M |
| Cash & equivalents | $74.9M | $58.6M | $79.1M | $73.4M | $133.6M | $147.3M | $161.9M | $152.7M | $152.2M | $147.5M | $155.8M | $147.1M |
| Short-term investments | — | — | — | — | — | — | $216,000 | — | — | — | — | — |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$10.3M | −$213,000 | −$10.0M | −$10.7M |
| Inventory | $53.3M | $54.4M | $53.2M | $49.1M | $47.3M | $39.8M | $38.3M | $38.5M | $38.3M | $38.9M | $37.8M | $37.3M |
| Other current assets | $11.2M | $14.4M | $12.4M | $13.1M | $10.3M | $10.8M | $11.2M | $11.6M | $21.3M | $11.6M | $21.3M | $22.2M |
| Total current assets | $139.5M | $127.4M | $144.7M | $135.7M | $191.2M | $198.0M | $211.4M | $202.7M | $201.5M | $197.8M | $204.9M | $195.9M |
| Property, plant & equipment (net) | $53.8M | $51.0M | $51.5M | $53.8M | $56.0M | $58.4M | $56.8M | $57.8M | $58.4M | $57.9M | $56.3M | $57.9M |
| Goodwill & intangible assets | $0 | $0 | $3.4M | $0 | $0 | $0 | $2.2M | $0 | $0 | $0 | $1.5M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.5M | $5.0M | $1.3M | $13.5M | $13.6M | $13.3M | $10.8M | $12.7M | $12.6M | $12.5M | $11.0M | $12.0M |
| Total assets | $196.7M | $183.4M | $200.9M | $203.0M | $260.9M | $269.6M | $281.2M | $273.2M | $272.5M | $268.2M | $273.6M | $265.7M |
| Liabilities | ||||||||||||
| Accounts payable | $28.3M | $21.9M | $24.8M | $20.9M | $20.8M | $13.4M | $15.7M | $2.2M | $2.4M | $2.5M | $17.2M | $1.3M |
| Short-term debt | $7.0M | $6.9M | $6.9M | $7.1M | $41.5M | $26.7M | $11.8M | $12.4M | $10.6M | $9.8M | $9.1M | $8.5M |
| Deferred revenue | $26.9M | $24.7M | $22.7M | $25.7M | $24.1M | $23.1M | $18.9M | $21.5M | $21.3M | $22.8M | $19.6M | $23.1M |
| Total current liabilities | $88.5M | $80.5M | $90.1M | $82.9M | $115.3M | $87.2M | $78.2M | $72.4M | $69.9M | $68.7M | $76.9M | $70.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $34.5M | $50.0M | $51.6M | $53.2M | $54.3M | $55.6M | $56.7M |
| Lease obligations | $41.9M | $38.5M | $38.1M | $40.4M | $42.2M | $44.0M | $42.0M | $43.0M | $44.3M | $42.6M | $40.6M | $41.9M |
| Other long-term liabilities | $34.9M | $31.6M | $31.2M | $41.0M | $42.9M | $45.0M | $43.7M | $44.9M | $46.4M | $45.3M | $43.6M | $44.7M |
| Total liabilities | $123.4M | $112.1M | $121.3M | $123.9M | $158.2M | $166.7M | $171.9M | $168.9M | $169.6M | $168.3M | $176.1M | $172.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $11,000 | $11,000 | $11,000 | $11,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
| Retained earnings (deficit) | −$4.1M | −$4.2M | −$2.6M | $256,000 | $4.2M | $4.3M | $4.8M | $4.4M | $4.6M | $4.4M | $4.2M | $4.0M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | — | — |
| Minority interest | $61.2M | $59.9M | $67.3M | $67.1M | $87.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | $12.2M | $11.4M | $12.3M | $12.0M | $15.3M | $14.9M | $15.3M | $14.5M | $14.1M | $13.3M | $12.5M | $11.8M |
| Key figures | ||||||||||||
| Total debt | $41.9M | $38.5M | $38.1M | $40.4M | $76.7M | $98.5M | $97.7M | $101.1M | $102.4M | $101.4M | $100.2M | $102.3M |
| Net cash (debt) | $33.0M | $20.1M | $41.0M | $33.1M | $57.0M | $48.8M | $64.3M | $51.6M | $49.8M | $46.0M | $55.6M | $44.8M |
| Working capital | $51.0M | $46.9M | $54.6M | $52.7M | $76.0M | $110.8M | $133.2M | $130.3M | $131.6M | $129.0M | $127.9M | $125.1M |
| Tangible book value | $12.2M | $11.4M | $8.9M | $12.0M | $15.3M | $14.9M | $13.2M | $14.5M | $14.1M | $13.3M | $11.1M | $11.8M |
| Book value per share | $0.74 | $0.72 | $0.79 | $0.80 | $1.05 | $1.06 | — | — | — | — | — | — |
| Shares outstanding | 16.5M | 15.8M | 15.5M | 15.0M | 14.6M | 14.1M | — | — | — | — | — | — |
| Current ratio | 1.58 | 1.58 | 1.61 | 1.64 | 1.66 | 2.27 | 2.70 | 2.80 | 2.88 | 2.88 | 2.66 | 2.77 |
| Quick ratio | 0.85 | 0.73 | 0.88 | 0.89 | 1.16 | 1.69 | 2.07 | 2.11 | 2.03 | 2.14 | 1.89 | 1.93 |
| Debt / equity | 3.45 | 3.38 | 3.09 | 3.37 | 5.02 | 6.60 | 6.37 | 6.99 | 7.28 | 7.64 | 8.00 | 8.67 |
| Equity / assets | 6.2% | 6.2% | 6.1% | 5.9% | 5.9% | 5.5% | 5.5% | 5.3% | 5.2% | 4.9% | 4.6% | 4.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 17, 2026); data from EODHD.
BRLT financial position
At the end of fiscal 2025 (December 31, 2025), Brilliant Earth had total assets of $200.9 million (down 28.6% from a year earlier), total liabilities of $121.3 million and shareholders' equity of $12.3 million. It held $79.1 million in cash and short-term investments against $38.1 million of debt, a net cash position of $41.0 million. Its current ratio was 1.61. In the latest quarter (ended June 30, 2026) total assets were $196.7 million and equity $12.2 million.
Related: BRLT income statement, BRLT cash flow statement, BRLT key metrics. See the BRLT stock overview for the latest quote and news.
BRLT balance sheet FAQ
What are Brilliant Earth's total assets?
Brilliant Earth reported total assets of $200.9 million at the end of fiscal 2025 (December 31, 2025), compared with $281.2 million a year earlier.
How much debt does Brilliant Earth have?
Brilliant Earth had $38.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.09.
How much cash does Brilliant Earth have?
Brilliant Earth held $79.1 million in cash and short-term investments at the end of fiscal 2025; with $38.1 million of debt that is net cash of $41.0 million.
What is Brilliant Earth's book value?
Brilliant Earth's shareholders' equity (book value) was $12.3 million at the end of fiscal 2025, or $0.83 per share.
What is Brilliant Earth's current ratio?
Brilliant Earth had current assets of $144.7 million and current liabilities of $90.1 million, a current ratio of 1.61 (it can cover its short-term obligations).
How much goodwill does Brilliant Earth have?
Brilliant Earth carried $3.4 million of goodwill and intangible assets, 1.7% of total assets, at the end of fiscal 2025.