Brilliant Earth (BRLT)

About this raise

Brilliant Earth, with an expected public valuation of approximately $1.1 billion, is going public September 23, 2021. The company is a digital-first jewelry company that sells ethically-sourced fine jewelry direct-to-consumer and through retail showrooms. Brilliant Earth was founded by Beth Gerstein and Eric Grossberg in 2005. The digital0first jewelry company will trade under the ticker "BRLT" on the Nasdaq and is offering over 19 million shares at a price range of $14 - $16.

Investment Overview

Funding data not publicly available

Deal Terms
Company & Team

Logos provided by Clearbit

Platform: Robinhood
IPO Date: 09/23/2021

Method of Going Public: IPO
Expected Public Exchange: Nasdaq
Price Range: $14 - $16

Security Type

Equity - Common

Company Stage

IPO Stage

SEC Filing Type

S-1

IPO Valuation

$1.1B

IPO Lead Underwriter

J.P. Morgan, Credit Suisse, Jefferies, Cowen

# of Acquisitions

Company

Year Founded: 2005
Industry: Consumer Products, Goods & Services
Tech Sector: CommerceTech
Distribution Model: B2C
Margin: Medium
Capital Intensity: High
Location: San Francisco, California
Business Type: Growth
Company Website: Visit Website

Team

Employees: 300
Prior Founder Exits?: No

Founder Name: Beth Gerstein
Title: CEO

Founder Name: Eric Grossberg
Title: Executive Chairman

Funding data not publicly available

Financials

Revenue +25% YoY: $251,820,000
Monthly Burn: Profitable
Cash on Hand: $0

View Detailed Financials

Income Statement
Balance Sheet
Cash Flow Statement

Income Statement

Revenue	$251,820,000
Operating Expenses
Research/Technology & Development	$0
Sales & Marketing	$85,710,000
General & Administrative	$0
Total Operating Expenses	$0
Operating Income	$0
Other Income, Net	$0
Income (Loss) Before Provision For (Benefit From) Income Taxes	$0
Provision For (Benefit From) Income Taxes	$0
Net Income (Loss)	$21,576,000

Net Income (Loss) Attributable to Common Stockholders:
Basic	$0.00
Diluted	$0.00
Net Income (Loss) Per Share Attributable to Common Stockholders:
Basic	$0.00
Diluted	$0.00
Weighted-Average Shares of Common Stock Used For Pro Forma:
Basic	0
Diluted	0

Balance Sheet - Assets

Current Assets
Cash and Cash Equivalents	$66,269
Accounts Receivable	$0
Total Current Assets	$82,972,000
Property and Equipment, Net	$1,986,000
Goodwill	$0
Intangible Assets, Net	$0
Restricted Cash	$205
Other Assets	$258,000
Total Assets	$85,216,000

Balance Sheet - Liabilities

Current Liabilities
Accounts Payable	$10,972,000
Accrued Expenses	$0
Other Current Liabilities	$16,961,000
Total Current Liabilities	$38,708,000
Total Liabilities	$104,284,000

Commitments and Contingencies
Convertible Preferred Stock	$66,327,000
Stockholders' (deficit) Equity
Common Stock	$0
Additional Paid In Capital	$0
Accumulated Other Comprehensive Income (Loss)	$0
Total Stockholders' (Deficit) Equity	$-85,395,000

Statements of Cash Flows

Cash Flows from Operating Activites
Net Cash Provided By (Used In) Operating Activities	$26,723,000
Cash Flows from Investing Activites
Net Cash Provided By (Used In) Investing Activities	$-584,000
Cash Flows from Financing Activites
Net Cash Provided By (Used In) Financing Activities	$-263,000
Total Cash, Cash Equivalents, and Restricted Cash	$66,474,000

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Company Funding & Growth

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
09/23/2021	Robinhood	$1,100,000,000	-	Equity - Common	Public	S-1

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No Public Offering Page

Common Stock, $1.1B • Public

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

Brilliant Earth (BRLT)

Brilliant Earth (BRLT)

About this raise

Investment Overview

Company

Team

Financials

Income Statement

Balance Sheet - Assets

Balance Sheet - Liabilities

Statements of Cash Flows

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Company Funding & Growth

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Brilliant Earth IPO (BRLT)

Brilliant Earth IPO (BRLT)

About this raise

Investment Overview

Deal Terms

Company & Team

Company

Team

Financials

Income Statement

Balance Sheet - Assets

Balance Sheet - Liabilities

Statements of Cash Flows

Upgrade to gain access

Edge

Company Funding & Growth

Funding history

You are on this raise

Community Sentiment

What is Bullish / Bearish

You Are Bullish

You Are Bearish

Follow company

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Brilliant Earth (BRLT)

Brilliant Earth (BRLT)