Ashley Owens

Oliver Chen

Dana Telsey

Dylan Carden

- Brilliant Earth reported **Q2 net sales of $109 million**, a **3%** increase year-over-year, with a gross margin of **58.3%** and adjusted EBITDA of **$3.2 million**.  **[1866757_tx_375176_3]**  The company ended Q2 with **$99 million** in net cash, up **5%** year-over-year, marking its **16th consecutive quarter** of positive adjusted EBITDA.  **[1866757_tx_375176_3]** **[1866757_tx_375176_4]** 
- The company announced a **one-time dividend distribution** of over **$25 million** and paid off its outstanding term loan of under **$35 million** as of August 4, resulting in **no debt** on the balance sheet.  **[1866757_tx_375176_3]**  Additionally, Brilliant Earth has purchased approximately **$1 million** in shares through its buyback program by the end of Q2.  **[1866757_tx_375176_8]** 
- Brilliant Earth is focused on expanding its omnichannel presence, with **42 showrooms** and strong growth in fine jewelry bookings, up **38%** year-over-year in Q2.  **[1866757_tx_375176_3]** **[1866757_tx_375176_4]**  The company targets accelerating net sales growth to **low teens** year-over-year by **2027**, maintaining high **50s percent** gross margins, and achieving a **double-digit adjusted EBITDA margin** by **2027**.  **[1866757_tx_375176_5]** **[1866757_tx_375176_6]**

Brilliant Earth Group (BRLT)