San Francisco based digital-first jewelry company Brilliant Earth has announced financial results for the three months ended June 30, 2023.
In Q2 2023, Brilliant Earth raked in $110.2 million in sales – a 1.3% increase year-on-year, achieving “a record number of orders for the second quarter and reflecting growing demand for and resonance of the Brilliant Earth brand.” Net income was $1.2 million for the second quarter, while adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization) was $7.7 million for the second quarter.
During the quarter, Brilliant Earth opened four new showrooms, bringing its US showroom count to 32 as of June 30, 2023.
Beth Gerstein, Co-Founder and CEO, said: “[…] We enter the second half of the year with positive momentum for our Brand, strong demand for our distinct and curated bridal and fine jewelry, and continued confidence in our full year growth goals.”
