SAN FRANCISCO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (Nasdaq: BRLT), a leader in responsibly sourced fine jewelry, today announced it has been named the #1 Most Sustainable Jewelry Brand in the 2025 AIDI Sustainable Jewelry Rankings, published by the Association of Intelligent Diamond International (AIDI), an independent global membership organization focused on advancing standards in lab-grown diamonds and responsible jewelry. In this year’s rankings, Brilliant Earth earned: #1 Most ...

Core Viewpoint - Brilliant Earth Group, Inc. is set to report its fourth quarter and full year 2025 earnings results on March 5, 2026, before market opening [1] Group 1: Financial Reporting - The company will host an investor conference call and webcast at 8:30am ET/5:30am PT on the same day to discuss financial results and business outlook [2] - A replay of the event will be available on the Brilliant Earth investor website after the live webcast concludes [2] Group 2: Company Overview - Brilliant Earth is a global leader in ethically sourced fine jewelry, aiming to create a more transparent, sustainable, and compassionate jewelry industry since its founding in 2005 [3] - The company reported full year net sales of $422 million for 2024 and has achieved positive adjusted EBITDA for 17 consecutive quarters since going public in 2021 [3] - Brilliant Earth operates 42 showrooms across the United States and serves customers in over 50 countries worldwide [3]

Group 1 - Brilliant Earth Group, Inc. (NASDAQ:BRLT) is recognized as one of the 7 best jewelry stocks to buy currently [1] - The company launched a limited-edition jewelry capsule collection in collaboration with Ring Pop, focusing on milestone gifting and nostalgia [2] - In Q3 2025, the company reported net sales of $110.3 million, a 10.4% increase year-over-year, with a gross margin of 57.6% [3] - The average order value decreased by 5.5% to $2,209, while the total number of orders increased by 16.8% to 49,910 [3] - Bookings for fine jewelry rose by 45% annually, and the adjusted EBITDA was $3.6 million, marking the 17th consecutive quarter of positive results [3] - For the first nine months of 2025, net sales increased by 3.4% to $313.1 million, with a gross margin of 58.1% and adjusted EBITDA of $7.8 million [4] - The full-year 2025 forecast anticipates an adjusted EBITDA margin of 2% to 3% and net sales growth of 3% to 4.5% [4] Group 2 - Brilliant Earth Group, Inc. is characterized as an omnichannel jewelry firm that is digitally native [5]

Core Viewpoint - Brilliant Earth Group, Inc. has launched a limited-edition collection of cocktail rings in collaboration with Ring Pop, transforming the iconic candy into fine jewelry featuring vibrant colored gemstones [1][2][5]. Group 1: Product Details - The collection includes five rings that reflect the classic colorways of Ring Pop, utilizing natural and lab-grown gemstones set in 14k gold with a hidden halo design [2][3]. - Each ring is priced at $1,790 and will be available exclusively on BrilliantEarth.com [5]. Group 2: Target Audience and Nostalgia - The collection is aimed at millennials and Gen Z consumers who associate Ring Pop with their childhood, offering a way to celebrate meaningful milestones while revisiting nostalgic feelings [3][4]. - The design merges nostalgia with modern aesthetics, creating joyful and elevated pieces that resonate with the playful spirit of the original candy [2][4]. Group 3: Company Background - Brilliant Earth is recognized as a leader in ethically sourced fine jewelry, with a mission to create a more transparent and sustainable jewelry industry [7]. - The company reported net sales of $422 million for the full year of 2024 and has maintained positive Adjusted EBITDA for 17 consecutive quarters since going public in 2021 [7].

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Core Viewpoint - Puma's shares have surged following reports that Anta Sports Products is exploring a potential takeover of the German sports company, indicating strong interest from Asian firms in acquiring Puma [2][3]. Company Overview - Puma has been refocusing its activities on key sports categories, particularly soccer, under the leadership of new CEO Arthur Hoeld [10]. - The company has faced challenges in generating consumer enthusiasm for its product ranges in recent years [10]. Market Activity - Puma's shares increased nearly 15% in early Frankfurt trading, although they remain down over 50% year-to-date [3]. - The market value of Puma prior to the takeover rumors was approximately $2.9 billion [5]. Potential Bidders - Anta Sports, which has a market capitalization of around $31 billion and owns brands like Fila and Jack Wolfskin, is reportedly working with an adviser to evaluate a bid for Puma [3][8]. - Other potential bidders include Chinese rival Li Ning Co. and Japan's Asics Corp. [3]. Financial Context - Anta's previous acquisition of Amer Sports for $5.2 billion in 2019 demonstrates its capability to finance large transactions [4]. - Anta's strong cash position and free cash flow generation suggest it can manage the financial aspects of a potential acquisition [8]. Strategic Implications - Acquiring Puma would allow Anta to expand its footprint in competitive markets like North America and EMEA [7]. - Anta's strategy involves buying scale while preserving brand autonomy, as seen in its handling of Fila China and Amer Sports [8]. Future Outlook - Puma aims to return to growth by 2027 and re-establish itself as a top three sports brand globally, which includes plans to cut 900 jobs and sharpen its focus on running, soccer, and training [11].

Core Insights - Brilliant Earth Group, Inc. is a global leader in ethically sourced fine jewelry and will participate in upcoming investor events [1][2][3] Group 1: Upcoming Investor Events - On December 3, 2025, the Company will participate in NobleCon21, hosting a presentation at 1:00pm ET and holding investor meetings throughout the day [2] - On December 11, 2025, the Company will participate in the KeyBanc Capital Markets Consumer Conference virtually, with a fireside chat at 11:15am ET and additional investor meetings [3] Group 2: Company Overview - Brilliant Earth was founded in 2005 with a mission to create a more transparent, sustainable, and compassionate jewelry industry [4] - The Company reported full year Net Sales of $422 million for 2024 and has achieved positive Adjusted EBITDA for 17 consecutive quarters since going public in 2021 [4] - Brilliant Earth operates 42 showrooms across the United States and serves customers in over 50 countries worldwide [4]

Core Insights - Brilliant Earth Group, Inc. is a global leader in ethically sourced fine jewelry, participating in investor events to enhance engagement with stakeholders [1][2][3] Company Participation in Investor Events - The Company will participate in the 14th Annual Roth Technology Conference on November 19, 2025, in New York City, with management holding investor meetings throughout the day [1] - On November 20, 2025, the Company will take part in the 17th Annual Southwest IDEAS Investor Conference in Irving, Texas, featuring a presentation at 2:20 PM ET and additional investor meetings [2] Company Overview - Founded in 2005, Brilliant Earth aims to create a more transparent, sustainable, and compassionate jewelry industry [3] - The Company reported full-year net sales of $422 million for 2024 and has achieved positive Adjusted EBITDA for 17 consecutive quarters since going public in 2021 [3] - Brilliant Earth operates 42 showrooms across the United States and serves customers in over 50 countries [3]

Financial Performance - Net sales for Q3 2025 reached $110,252,000, a 10.4% increase from $99,873,000 in Q3 2024[22] - The company reported a net loss of $672,000 for Q3 2025, compared to a net loss of $1,075,000 in Q3 2024[22] - For the nine months ended September 30, 2025, the company reported a net loss of $5,052,000 compared to a net income of $1,367,000 for the same period in 2024[29] - The net loss attributable to Brilliant Earth Group, Inc. for the three months ended September 30, 2025, was $(528) thousand, compared to a net loss of $(836) thousand in 2024[49] - Net loss for the three months ended September 30, 2025, was $0.7 million, a decrease of 37.5% compared to a net loss of $1.1 million for the same period in 2024[114] - Adjusted EBITDA for the three months ended September 30, 2025, was $3.6 million, unchanged from the same period in 2024[114] - Adjusted EBITDA for the nine months ended September 30, 2025, was $7.821 million, with an Adjusted EBITDA margin of 2.5%[141] Revenue and Sales - Net sales for the three months ended September 30, 2025, were $110.3 million, an increase of 10.4% compared to $99.9 million for the same period in 2024[114] - Net sales for the nine months ended September 30, 2025, increased by $10.4 million, or 3.4%, compared to the same period in 2024, driven by a 15.9% increase in order volumes[126] - The increase in net sales was driven by a 16.8% rise in order volumes, partially offset by a 5.5% decrease in average order value (AOV)[115] - The average order value (AOV) decreased by 10.7% to $2,116 for the nine months ended September 30, 2025, primarily due to a higher mix of lower price point products[136] Expenses and Liabilities - Operating expenses for the nine months ended September 30, 2025, totaled $187,353,000, up from $182,213,000 in the same period of 2024[22] - Operating expenses for the three months ended September 30, 2025, increased by $2.2 million, or 3.6%, compared to the same period in 2024[120] - Interest expense decreased by $1.0 million, or 79.4%, for the three months ended September 30, 2025, primarily due to the prepayment of $34.8 million under the SVB Term Loan[122] - Interest expense decreased by $1.5 million, or 40.4%, for the nine months ended September 30, 2025, due to principal payments made on the SVB Term Loan[132] - The total accrued expenses and other current liabilities as of September 30, 2025, were $29.3 million, a decrease from $31.7 million at the end of 2024[60] Assets and Equity - Total current assets decreased to $135,651,000 as of September 30, 2025, from $211,413,000 at December 31, 2024, representing a decline of 35.8%[20] - Cash and cash equivalents decreased to $73,429,000 as of September 30, 2025, from $161,925,000 at December 31, 2024, a decline of 54.7%[20] - Stockholders' equity attributable to Brilliant Earth Group, Inc. decreased to $11,979,000 as of September 30, 2025, from $15,329,000 at December 31, 2024[20] - As of September 30, 2025, Brilliant Earth Group, Inc. reported total stockholders' equity of $67,075,000[24] - The company had $15.2 million in consigned inventory held on behalf of suppliers as of September 30, 2025[59] Shareholder Activities - The company repurchased common stock amounting to $58,112,000 during the period[24] - The Board of Directors declared a one-time cash dividend of $0.25 per share, totaling approximately $25.0 million, with $3.8 million paid to Class A common stockholders[145] - The Company repurchased a total of 41,112 shares of Class A common stock in July 2025 at an average price of $1.53 per share, and 17,000 shares in August 2025 at an average price of $1.76 per share[178] - The total value of shares that may yet be purchased under the repurchase program is approximately $18.9 million as of September 30, 2025[178] Market and Strategic Initiatives - The company operates in one segment, focusing on the retail sale of ethically sourced diamonds, gemstones, and jewelry[42] - The company is evaluating the impact of new accounting standards issued by FASB, which may affect future disclosures but not the consolidated financial statements[46][47] - The company plans to continue expanding its showroom presence and enhancing its omnichannel strategy to drive growth[99] - The company is focused on cost-effective customer acquisition and retention strategies to support future growth[98] - The company is in the early stages of international expansion, with plans to localize its website and open new showrooms in overseas markets[102] Tax and Compliance - The Company has recorded a corresponding estimated liability of $7.8 million representing 85% of the projected tax benefits to the Continuing Equity Owners[82] - The Company expects significant cash payments under the Tax Receivable Agreement (TRA), which will reduce overall cash flow available[149] - The total amount of tax distributions to members was $50 million during the third quarter of 2024, indicating ongoing compliance with tax obligations[27] Legal and Risk Factors - The Company intends to vigorously defend against the claims made in the lawsuit filed by a former employee, with any liability currently not probable or reasonably estimable[176] - There have been no material changes to the Company's risk factors as previously disclosed in the 2024 Form 10-K[177] - The Company has stipulated to the filing of an amended complaint in the ongoing lawsuit, which may include class claims[176] Internal Controls and Governance - A material weakness in internal control over financial reporting was identified, related to ineffective IT general controls[168] - The Company plans to raise additional funds if current liquidity is insufficient, which may involve issuing equity securities or debt financing[150]

Financial Data and Key Metrics Changes - Q3 net sales reached $110.3 million, representing a year-over-year increase of 10.4%, exceeding the top end of guidance by approximately 40 basis points [17] - Adjusted EBITDA for Q3 was $3.6 million, with an adjusted EBITDA margin of 3.2%, marking the 17th consecutive quarter of positive adjusted EBITDA [18] - Gross margin for Q3 was 57.6%, within the medium-term target range, but a decline of 320 basis points compared to Q3 last year [18] - Average order value (AOV) was $2,209, reflecting a decline of 5.5% year-over-year but an increase of 6.5% quarter-over-quarter [17] Business Line Data and Key Metrics Changes - Engagement ring bookings returned to growth, marking an inflection point after a multi-year market normalization [9] - Wedding and anniversary band bookings achieved the largest quarter ever, with double-digit year-over-year growth [10] - Fine jewelry bookings grew 45% year-over-year, driven by both unit and average selling price (ASP) growth [11] Market Data and Key Metrics Changes - Total orders grew 17% year-over-year, while repeat orders increased by 16% year-over-year, indicating strong brand resonance [9] - The company noted stabilization in engagement ring average selling prices, with sequential ASP growth in the last two quarters [9] Company Strategy and Development Direction - The company aims to continue capturing market share in the $350 billion jewelry industry, leveraging its asset-light, data-driven business model [5] - Strategic brand investments and celebrity placements have significantly increased brand awareness, generating over 13 billion impressions in Q3 [12] - The company is focused on expanding its showroom footprint and enhancing its omnichannel shopping experience [40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating industry-wide headwinds such as rising metal prices and tariffs, citing a globally diversified supply chain as a competitive advantage [24] - The company raised its full-year net sales guidance to 3-4.5% growth year-over-year, driven by improvements in engagement ring bookings and strong fine jewelry performance [22] - Management anticipates some impact from gold and platinum prices in Q4, which are near all-time highs, and the additional 25% tariff on India [24] Other Important Information - The company ended Q3 with approximately $73 million in cash and has generated approximately $12 million of free cash flow on a trailing 12-month basis [21] - The company has no debt on its balance sheet and has spent approximately $1.1 million on stock repurchases to date [22] Q&A Session Summary Question: Sustainability of engagement ring bookings growth and expectations for bridal recovery versus fine jewelry mix - Management is optimistic about the sustainability of engagement ring bookings growth and expects to continue outperforming the industry [26] Question: Adjusted EBITDA margin guidance and impact of metals pricing and tariffs - Management indicated that they have taken selective pricing increases and are continuously optimizing pricing to mitigate cost increases [28] Question: Top-line guidance for the full year and headwinds - Management noted that the top-line guidance factors in strong performance in engagement and fine jewelry, with caution due to the holiday season's variability [33] Question: Marketing efficiencies driving sales and leverage - Management highlighted improvements in marketing efficiency through better allocation of spend and machine learning models to enhance site conversion [37] Question: Capital priorities and factors driving upside in fine versus engagement jewelry - Management emphasized a strong balance sheet and flexibility to invest in showroom expansion and brand awareness while maintaining a focus on ROI [40]