Brilliant Earth Group Inc-A 2025年季度报告

Part I - Financial InformationItem 1. Financial Statements.Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Item 5. Other Information.Item 6. Exhibits. 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements. We intend such forward-looking statements to be coveredby the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other thanstatements of historical facts contained in this Quarterly Report on Form 10-Q may be forward-looking statements. Statements regarding ourfuture results of operations and financial position, business strategy, plans and objectives of management for future operations, including,among others, statements regarding expected growth, introduction of new products, market opportunity, future capital expenditures, and debtservice obligations, are forward-looking statements. In some cases, you can identify forward-looking statements by terms, such as “anticipate,”“believe,” “contemplate,” “continue,” “could,” “estimate,” “evolve,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,”“should,” “strategy,” “target,” “will,” or “would,” or the negative of these terms or other similar expressions. Accordingly, we caution you thatany such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that aredifficult to predict.We have based these forward-looking statements largely on our current expectations and projections about future events and trendsthat we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations andobjectives, and financial needs. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of thedate made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Theseforward-looking statements are subject to a number of risks, uncertainties, and assumptions, including, but not limited to risks related to:fluctuations in the pricing and supply of diamonds, other gemstones, and precious metals, particularly responsibly sourced natural and lab-grown diamonds and repurposed precious metals such as gold; increases in labor costs for manufacturing such as wage rate increases, as well asinflation, and energy prices; risks related to an overall decline in the health of the economy and other factors impacting consumer spending,such as recessionary or inflationary conditions, governmental instability, the impact of any changes in trade policy, including the imposition ofnew or increased tariffs on goods imported into the United States and any resulting retaliatory trade actions by other governments, war andfears of war, and natural disasters; our ability to cost-effectively turn existing customers into repeat customers or to acquire new customers; ourrapid growth in recent years and limited operating experience at our current scale of operations; our ability to manage growth effectively;increased lead times, and supply shortages and supply changes; our expansion plans in the United States; our ability to compete in the finejewelry retail industry; our ability to maintain and enhance our brand and to engage or expand our base of customers may be impaired and our You should not rely upon forward-looking statements as predictions of future events. This Quarterly Report on Form 10-Q and the documents that we have filed as exhibits should be read with the understanding that our actual future results, levels of activity, performance andachievements may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary Q, whether as a result of any new information, future events or otherwise.BASIS OF PRESENTATION As used in this Quarterly Report on Form 10-Q, unless the context otherwise requires, references to:“we,”“us,”“our,”the“Company,”“Brilliant Earth,”and similar references refer to Brilliant Earth Group, Inc., and, unless otherwise their respective options, in whole or in part from time to time, their LLC Interests (along with an equal number of shares of Class Bcommon stock or Class C common stock (and such shares shall be immediately cancelled), as applicable), for, at our election(determined solely by our independent directors (within the meaning of the Nasdaq rules) who are disinterested), cash or newly-issued “Founders”refers to Beth Gerstein, our Co-Founder and Chief Executive Officer, Eric Grossberg, our Co-Founder and ExecutiveChairman, and Just Rocks, Inc., a Delaware corporation, whic