Brilliant Earth Group, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Depreciation $622k $646k $860k $1.9m $4.2m $5.3m $6.1m
Amortization of debt issuance costs $292k $1.1m $1.7m $592k $269k $291k $179k
Deferred tax expense $0 $0 ($316k) ($168k) ($488k) $128k $9.6m
Deferred tax assets associated with redemption of LLC Units $0 $0 $4.1m $4.4m $309k ($9k) ($11k)
Non-cash operating lease cost $567k $0 $0 $3.2m $4.7m $5.6m $6.5m
Loss on extinguishment of debt $0 $0 $617k $0 $0 $573k
Operating lease liabilities $0 $0 ($2.9m) ($4.3m) ($5.7m) ($7.3m)
Right-of-use assets obtained in exchange for new operating lease liabilities $0 $0 $14.0m $12.4m $7.1m $3.4m
Net (loss) income ($7.8m) $21.6m $26.3m $19.0m $4.7m $4.0m ($6.4m)
Equity-based compensation $43k $46k $2.8m $8.8m $10.0m $9.9m $8.9m
Gain on TRA liability adjustment $0 ($7.8m)
Other $24k $118k $39k $180k $60k $213k $247k
Inventories ($2.4m) ($2.8m) ($11.2m) ($14.8m) $1.5m ($686k) ($15.2m)
Prepaid expenses and other current assets ($1.0m) ($675k) ($5.2m) ($1.8m) $2.0m $667k ($838k)
Other assets ($38k) ($6k) ($343k) ($2.3m) $529k ($728k) ($1.6m)
Accounts payable, accrued expenses and other current liabilities $8.5m $4.3m $15.3m $2.5m $2.0m ($725k) $12.9m
Deferred revenue $2.4m $2.4m $8.1m ($455k) $1.0m ($630k) $3.7m
Purchases of property and equipment ($678k) ($584k) ($5.6m) ($9.1m) ($11.9m) ($4.9m) ($4.0m)
Payments on SVB term loan $0 $0 ($1.6m) ($3.2m) ($4.1m) ($56.1m)
TRA Obligation associated with redemption of LLC Units $0 $0 $3.8m $3.6m $826k $207k $11k
Purchases of property and equipment included in accounts payable and accrued liabilities $42k $89k $21k $2.6m $414k $24k $139k
Change to APIC related to redemption of LLC Units $0 $0 $316k $754k ($517k) $216k ($4k)
Net cash provided by operating activities $567k $26.7m $46.1m $14.5m $26.2m $17.6m $9.7m
Net cash used in investing activities ($678k) ($584k) ($5.6m) ($9.1m) ($11.9m) ($4.9m) ($4.0m)
Payments of debt issuance costs ($1.4m) ($263k) $0 ($1.2m) $0 ($100k) ($131k)
Repurchases of common stock $0 ($638k) ($456k)
Dividends, distributions and TRA payments to members ($9.9m) ($1.8m) ($28.0m)
Dividends paid on Class A common stock $0 ($3.8m)
Net cash used in financing activities $22.6m ($263k) $66.1m ($23.6m) ($13.1m) ($6.6m) ($88.5m)
Net (decrease) increase in cash, cash equivalents and restricted cash $22.5m $25.9m $106.6m ($18.2m) $1.2m $6.1m ($82.7m)
Cash, cash equivalents and restricted cash at beginning of year $40.6m $66.5m $173.1m $154.9m $156.0m $162.1m $79.4m
Cash paid for interest $1.8m $3.7m $5.9m $3.8m $5.2m $4.9m $2.1m
Cash paid for taxes $0 $0 $175k $68k $2k $0