Tearsheet

Brilliant Earth (BRLT)


Market Price (5/22/2026): $1.2 | Market Cap: $19.0 Mil
Sector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods

Brilliant Earth (BRLT)


Market Price (5/22/2026): $1.2
Market Cap: $19.0 Mil
Sector: Consumer Discretionary
Industry: Apparel, Accessories & Luxury Goods

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 123%, Dividend Yield is 148%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 119%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -106%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%

Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more.

Weak multi-year price returns
2Y Excs Rtn is -87%, 3Y Excs Rtn is -144%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.4%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.3%

Key risks
BRLT key risks include [1] its small market share and the erosion of its core ethical sourcing advantage as competitors adopt similar practices, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 123%, Dividend Yield is 148%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 119%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -106%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
3 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -87%, 3Y Excs Rtn is -144%
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.4%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.5%
7 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.3%
8 Key risks
BRLT key risks include [1] its small market share and the erosion of its core ethical sourcing advantage as competitors adopt similar practices, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Brilliant Earth (BRLT) stock has lost about 25% since 1/31/2026 because of the following key factors:

1. Brilliant Earth reported a wider GAAP net loss and negative Adjusted EBITDA in Q1 2026.

Despite a 6% year-over-year increase in net sales to $99.5 million, exceeding analyst consensus of $98.17 million, the company's GAAP net loss widened to $8.5 million in the first quarter of 2026, compared to a $3.3 million net loss in Q1 2025. Additionally, Adjusted EBITDA was negative $4.7 million for Q1 2026, a decline from a positive $1.1 million in Q1 2025. This mixed performance, particularly the focus on profitability challenges, led to a 2.08% decline in shares in after-hours trading following the earnings report.

2. Gross margin compression was driven by historically high precious metal prices.

Brilliant Earth's gross margin decreased to 54.3% in Q1 2026 from 58.6% in Q1 2025, a 430 basis point reduction. This margin pressure was primarily attributed to the rising costs of precious metals like gold and platinum, which increased the cost of sales by 17.0%. Management indicated that Q1 was expected to be the low point for gross margin, with anticipated sequential improvements through price optimization and procurement efficiencies.

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Stock Movement Drivers

Fundamental Drivers

The -23.1% change in BRLT stock from 1/31/2026 to 5/21/2026 was primarily driven by a -20.8% change in the company's P/S Multiple.
(LTM values as of)13120265212026Change
Stock Price ($)1.561.20-23.1%
Change Contribution By: 
Total Revenues ($ Mil)4334432.4%
P/S Multiple0.10.0-20.8%
Shares Outstanding (Mil)1516-5.2%
Cumulative Contribution-23.1%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/21/2026
ReturnCorrelation
BRLT-23.1% 
Market (SPY)7.6%30.3%
Sector (XLY)-1.8%34.2%

Fundamental Drivers

The -50.2% change in BRLT stock from 10/31/2025 to 5/21/2026 was primarily driven by a -48.4% change in the company's P/S Multiple.
(LTM values as of)103120255212026Change
Stock Price ($)2.411.20-50.2%
Change Contribution By: 
Total Revenues ($ Mil)4224434.9%
P/S Multiple0.10.0-48.4%
Shares Outstanding (Mil)1516-8.0%
Cumulative Contribution-50.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/21/2026
ReturnCorrelation
BRLT-50.2% 
Market (SPY)9.5%19.2%
Sector (XLY)-0.7%17.5%

Fundamental Drivers

The -12.9% change in BRLT stock from 4/30/2025 to 5/21/2026 was primarily driven by a -13.9% change in the company's Shares Outstanding (Mil).
(LTM values as of)43020255212026Change
Stock Price ($)1.381.20-12.9%
Change Contribution By: 
Total Revenues ($ Mil)4224435.0%
P/S Multiple0.00.0-3.6%
Shares Outstanding (Mil)1416-13.9%
Cumulative Contribution-12.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/21/2026
ReturnCorrelation
BRLT-12.9% 
Market (SPY)35.5%15.3%
Sector (XLY)21.3%11.0%

Fundamental Drivers

The -67.7% change in BRLT stock from 4/30/2023 to 5/21/2026 was primarily driven by a -54.1% change in the company's P/S Multiple.
(LTM values as of)43020235212026Change
Stock Price ($)3.721.20-67.7%
Change Contribution By: 
Total Revenues ($ Mil)4404430.7%
P/S Multiple0.10.0-54.1%
Shares Outstanding (Mil)1116-30.2%
Cumulative Contribution-67.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/21/2026
ReturnCorrelation
BRLT-67.7% 
Market (SPY)85.6%19.6%
Sector (XLY)64.5%17.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BRLT Return5%-76%-14%-44%-6%-30%-92%
Peers Return206%13%3%-18%15%22%310%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
BRLT Win Rate50%42%50%42%33%20% 
Peers Win Rate60%46%54%38%56%60% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
BRLT Max Drawdown--79%-63%-59%-43%-36% 
Peers Max Drawdown-40%-35%-47%-38%-43%-24% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SIG, MOV, BGI, ELA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)

How Low Can It Go

Event

Compare to SIG, MOV, BGI, ELA

In The Past

Brilliant Earth's stock fell -7.9% during the 2025 US Tariff Shock. Such a loss loss requires a 8.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event

Compare to SIG, MOV, BGI, ELA

In The Past

Brilliant Earth's stock fell -7.9% during the 2025 US Tariff Shock. Such a loss loss requires a 8.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Brilliant Earth (BRLT)

Brilliant Earth Group, Inc. engages in the design, procurement, and retail sale of diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms. As of December 31, 2021, it had 15 showrooms. The company was founded in 2005 and is headquartered in San Francisco, California.

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The Warby Parker of engagement rings and fine jewelry.

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  • Diamond Engagement Rings: Rings featuring diamonds, primarily purchased to symbolize an engagement.
  • Wedding and Anniversary Rings: Rings designed and purchased for weddings or to commemorate anniversaries.
  • Gemstone Rings: Rings adorned with various types of precious or semi-precious gemstones, excluding diamonds.
  • Fine Jewelry: A collection of high-quality jewelry items, often incorporating precious metals, diamonds, or other gemstones.

AI Analysis | Feedback

Brilliant Earth (BRLT) sells primarily to individuals, operating a B2C (business-to-consumer) model. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.

Based on its product assortment and sales model, Brilliant Earth serves the following categories of customers:

  1. Couples and Individuals Seeking Engagement and Wedding Jewelry: This represents a significant customer segment for Brilliant Earth, as evidenced by its focus on diamond engagement rings and wedding bands. These customers are typically in the process of proposing, getting married, or planning for these life events.
  2. Individuals Celebrating Anniversaries and Other Milestones: This category includes customers purchasing anniversary rings, milestone gifts, or other special occasion jewelry to commemorate significant life events beyond initial engagements or weddings.
  3. Individuals Purchasing Fine Jewelry for Personal Adornment or Gifting: This broad category encompasses customers buying gemstone rings, necklaces, earrings, and other fine jewelry pieces for self-purchase, everyday wear, or as gifts for birthdays, holidays, graduations, or other celebrations.

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Beth Gerstein, Chief Executive Officer

Beth Gerstein is the co-founder of Brilliant Earth, which she established in 2005 with Eric Grossberg, driven by her personal difficulty in finding an ethically sourced engagement ring. She served as co-Chief Executive Officer until March 2021, when she became the sole CEO, and notably led the company through its initial public offering in 2021, becoming one of the few female founders to take a company public. Prior to co-founding Brilliant Earth, Ms. Gerstein worked in technology and business development roles at several large corporations, including Booz Allen & Hamilton, and as an electrical engineer for a small startup focused on satellite communications. She holds a B.S. from Duke University, an M.S. in Electrical Engineering from MIT, and an MBA from Stanford Graduate School of Business.

Jeffrey Kuo, Chief Financial Officer

Jeffrey Kuo has served as Brilliant Earth Group, Inc.'s Chief Financial Officer since its formation, and as CFO of Brilliant Earth, LLC since March 2020. He joined Brilliant Earth, LLC in 2015, having previously held positions as Vice President of Technology and Vice President of Finance & Technology. Before joining Brilliant Earth, Mr. Kuo founded and served as the President and Manager of Xetum LLC, a wristwatch company. Prior to founding Xetum LLC, he was a management consultant with Bain & Company. Mr. Kuo received a Bachelor of Arts from Harvard University and an MBA from the Stanford University Graduate School of Business.

Eric Grossberg, Executive Chairman

Eric Grossberg co-founded Brilliant Earth in 2005 with Beth Gerstein. He served as co-Chief Executive Officer of Brilliant Earth, LLC from its founding until March 2021 and has been the Executive Chairman of the board of directors of Brilliant Earth Group, Inc. since its formation. He holds a Bachelor of Arts in Environmental Science & Public Policy from Harvard University and an MBA from the Stanford University Graduate School of Business.

Sharon Dziesietnik, Chief Operations Officer

Sharon Dziesietnik was promoted to Chief Operations Officer in August 2024. She joined Brilliant Earth in 2012 and has held numerous roles of increasing responsibility, most recently as Senior Vice President, Customer Operations. As COO, she oversees the company's overall operations, including its end-to-end supply chain from sourcing through distribution, and its showrooms.

Pamela Catlett, Chief Brand Officer

Pamela Catlett was promoted to Chief Brand Officer in August 2024. She joined Brilliant Earth in 2023. In her role, Ms. Catlett oversees all aspects of Brilliant Earth's brand strategy across every consumer touchpoint, including retail expansion strategy, evolving the company's omnichannel experience, and expanding Brilliant Earth's reach. Her extensive experience includes roles as President and COO of Outdoor Voices, Global Head of Women's and Youth at Under Armour, and multiple positions at Nike, including Vice President and General Manager of Nike's North American women's business and Vice President of Investor Relations. She also advised founders and CEOs through her consultancy firm Catlett & Co.

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Here are the key risks to Brilliant Earth's business:

  1. Consumer Cyclicality and Discretionary Spending: Brilliant Earth's financial performance is significantly tied to consumer confidence and discretionary spending. As a retailer of high-value items such as engagement rings and fine jewelry, economic downturns, rising interest rates, or inflationary pressures can directly lead to a decrease in sales and profitability, as consumers may postpone or reduce such purchases.
  2. Intense Competition and Margin Pressure: The jewelry market is highly competitive, with numerous established brands like Tiffany & Co., Signet Jewelers, and Pandora, alongside other digital retailers. This intense competition can lead to increased customer acquisition costs and pricing pressure, which, combined with volatile raw material costs for gold and diamonds and potential tariffs, can squeeze profit margins and hinder the company's ability to achieve consistent profitability.
  3. Supply Chain Risks and Ethical Sourcing: Brilliant Earth emphasizes its commitment to ethically sourced diamonds, gemstones, and precious metals. Disruptions in its supply chain, particularly issues affecting the availability or integrity of these ethically sourced materials, could impact the company's ability to meet its brand promise and customer expectations, potentially damaging its reputation and operational capabilities.

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Brilliant Earth operates within several significant addressable markets for its products.

Diamond Engagement Rings

  • The global diamond engagement ring market was valued at approximately USD 87.5 billion in 2024 and is projected to grow to USD 132.8 billion by 2034.
  • In the U.S. and Canada, the diamond engagement ring market was valued at USD 32.37 billion in 2024 and is projected to reach USD 43.98 billion by 2032.

Wedding and Anniversary Rings

  • The global wedding ring market was valued at USD 97.41 billion in 2024 and is predicted to hit around USD 185.44 billion by 2034.
  • The U.S. wedding ring market size was accounted at USD 22.95 billion in 2025 and is forecasted to reach approximately USD 41.15 billion by 2034.

Gemstone Rings

  • The global gemstones market size is estimated to be USD 37.48 billion in 2025 and is projected to reach USD 52.67 billion by 2032.
  • North America is a leading region in the global gemstones market, holding a significant 38.18% market share in 2025. The gemstones market in the U.S. is expected to grow at a substantial compound annual growth rate (CAGR) of 7.4% from 2025 to 2033.

Fine Jewelry

  • The global fine jewelry market size was valued at approximately USD 250 billion in 2023 and is projected to reach around USD 370 billion by 2032.
  • The U.S. jewelry market, encompassing fine jewelry, was valued at USD 78.40 billion in 2024 and is expected to reach USD 97.62 billion by 2030.

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Brilliant Earth Group, Inc. (BRLT) is expected to drive future revenue growth over the next 2-3 years through several key initiatives, including the expansion of its physical retail presence, diversification of its product offerings, increased penetration of lab-grown diamonds, and strategic international market expansion.

  1. Showroom Expansion: Brilliant Earth is actively expanding its physical showroom footprint to enhance customer engagement and provide tangible brand experiences, complementing its robust online presence. The company plans further showroom expansion in 2025 and 2026, building on its 42 showrooms across the U.S. as of Q2 2025. This strategy has shown positive results, with retail walk-in orders surging significantly in Q4 2025.

  2. Fine Jewelry Diversification: A significant driver of future revenue is the strategic diversification of Brilliant Earth's product offerings beyond its traditional bridal focus into fine jewelry. The fine jewelry segment has demonstrated substantial growth, with bookings increasing notably in Q4 2025 and representing an expanding percentage of total bookings. This expansion aims to capture a larger share of the overall jewelry market.

  3. Increased Lab-Grown Diamond Penetration: Brilliant Earth is capitalizing on the growing demand and market acceptance of lab-grown diamonds. The company is broadening its lab-grown diamond assortments, which is identified as a fast-growing segment. Lab-grown fine jewelry bookings experienced significant growth in Q4 2025, contributing to overall revenue expansion.

  4. International Market Expansion: To extend its global reach, Brilliant Earth established a partnership with Global-e in September 2024. This collaboration has expanded the company's international shopping capabilities to over 150 countries, indicating a strategic focus on accessing new global markets and diversifying its customer base beyond the United States.

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Share Repurchases

  • Brilliant Earth announced a share repurchase program with authorization to repurchase up to $20 million in shares of its Class A common stock on December 11, 2023.
  • The share repurchase program is effective through December 8, 2026.
  • As of November 27, 2025, Brilliant Earth had utilized $1.1 million of the authorized $20 million for share buybacks, leaving $18.9 million available.

Share Issuance

  • Brilliant Earth's initial public offering (IPO) was priced on September 22, 2021, with 8,333,333 shares of its Class A common stock offered to the public at $12.00 per share.
  • The company granted the underwriters a 30-day option to purchase up to an additional 1,249,999 shares of Class A common stock at the IPO price.
  • As of March 10, 2025, there were 14,433,900 shares of the company's Class A common stock outstanding.

Capital Expenditures

  • Brilliant Earth's capital expenditures were projected to be approximately $5 million to $6 million for the fiscal year 2025.
  • The company's investment strategy focuses on showroom expansion and fine jewelry innovation, supported by an asset-light operating model.
  • In Q1 2025, Brilliant Earth opened a new showroom in South Lake, Texas, and planned to open one to two additional locations during 2025, including a new showroom in Alpharetta, Georgia.

Better Bets vs. Brilliant Earth (BRLT)

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3.1%3.1%-1.2%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BRLTSIGMOVBGIELAMedian
NameBrillian.Signet J.Movado Birks Envela  
Mkt Price1.2081.4027.500.6823.9723.97
Mkt Cap0.03.30.60.00.60.6
Rev LTM4436,814671318291443
Op Inc LTM-1151530-62626
FCF LTM-652553-62121
FCF 3Y Avg746237-81010
CFO LTM-267958-02323
CFO 3Y Avg1260644-01212

Growth & Margins

BRLTSIGMOVBGIELAMedian
NameBrillian.Signet J.Movado Birks Envela  
Rev Chg LTM5.8%1.6%2.7%-3.4%54.2%2.7%
Rev Chg 3Y Avg0.5%-4.5%-3.2%-0.3%19.2%-0.3%
Rev Chg Q6.0%-0.3%5.6%-4.7%103.9%5.6%
QoQ Delta Rev Chg LTM1.3%-0.1%1.5%-1.1%20.8%1.3%
Op Inc Chg LTM-922.3%3.7%49.0%-147.8%193.2%3.7%
Op Inc Chg 3Y Avg-370.4%-14.1%-22.6%-159.0%53.7%-22.6%
Op Mgn LTM-2.4%7.6%4.4%-1.7%9.0%4.4%
Op Mgn 3Y Avg-0.5%7.9%4.9%-5.4%6.2%4.9%
QoQ Delta Op Mgn LTM-1.2%-0.4%0.6%-1.4%1.5%-0.4%
CFO/Rev LTM-0.4%10.0%8.6%-0.0%7.8%7.8%
CFO/Rev 3Y Avg2.8%8.8%6.7%-0.1%5.3%5.3%
FCF/Rev LTM-1.3%7.7%7.9%-2.0%7.3%7.3%
FCF/Rev 3Y Avg1.5%6.7%5.6%-2.5%3.9%3.9%

Valuation

BRLTSIGMOVBGIELAMedian
NameBrillian.Signet J.Movado Birks Envela  
Mkt Cap0.03.30.60.00.60.6
P/S0.00.50.90.02.10.5
P/Op Inc-1.86.420.5-1.423.86.4
P/EBIT-29.37.617.5-0.322.97.6
P/E-4.111.323.0-0.129.711.3
P/CFO-9.74.910.5-197.327.54.9
Total Yield123.0%10.5%5.6%-987.6%3.4%5.6%
Dividend Yield147.6%1.6%1.3%0.0%0.0%1.3%
FCF Yield 3Y Avg20.2%12.3%6.6%-30.0%3.5%6.6%
D/E2.00.40.121.80.00.4
Net D/E-1.10.1-0.221.5-0.0-0.0

Returns

BRLTSIGMOVBGIELAMedian
NameBrillian.Signet J.Movado Birks Envela  
1M Rtn-13.0%-14.8%-5.6%-11.8%34.6%-11.8%
3M Rtn-17.8%-14.0%11.9%-12.5%84.5%-12.5%
6M Rtn-28.6%-10.5%55.4%-37.4%126.8%-10.5%
12M Rtn-2.9%31.1%75.8%-26.2%268.8%31.1%
3Y Rtn-60.7%19.7%27.3%-93.1%259.9%19.7%
1M Excs Rtn-17.4%-13.9%-7.1%-12.8%30.0%-12.8%
3M Excs Rtn-32.8%-24.3%0.3%-27.0%73.3%-24.3%
6M Excs Rtn-50.0%-25.3%40.3%-50.8%118.4%-25.3%
12M Excs Rtn-28.3%2.7%46.8%-52.4%234.0%2.7%
3Y Excs Rtn-143.6%-60.9%-46.4%-174.3%172.4%-60.9%

Comparison Analyses

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FDA Approved Drugs Data

Expand for More
Post-Approval Fwd Returns
FDA
App #
Brand
Name
Generic
Name
Dosage
Form
FDA
Approval
3M
Rtn
6M
Rtn
1Y
Rtn
2Y
Rtn
Total
Rtn
NDA219531  SDAMLOamlodipine besylatefor solution724202582.9%13.9%-14.6%-14.6%-14.6%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Retail sale of diamonds, gemstones and jewelry422446440380252
Total422446440380252


Price Behavior

Price Behavior
Market Price$1.20 
Market Cap ($ Bil)0.0 
First Trading Date09/23/2021 
Distance from 52W High-58.9% 
   50 Days200 Days
DMA Price$1.33$1.83
DMA Trendindeterminatedown
Distance from DMA-9.9%-34.5%
 3M1YR
Volatility63.7%88.2%
Downside Capture218.10113.54
Upside Capture80.5476.18
Correlation (SPY)29.9%15.6%
BRLT Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta1.071.381.370.941.100.93
Up Beta1.691.391.430.410.740.54
Down Beta-2.840.480.721.362.211.12
Up Capture107%116%117%20%66%49%
Bmk +ve Days15223166141428
Stock +ve Days1016254794317
Down Capture-110%199%177%153%103%108%
Bmk -ve Days4183056108321
Stock -ve Days8223370136392

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BRLT
BRLT-2.9%88.1%0.33-
Sector ETF (XLY)10.8%18.3%0.4211.2%
Equity (SPY)26.8%12.1%1.6715.5%
Gold (GLD)37.5%26.8%1.168.8%
Commodities (DBC)43.5%18.6%1.80-0.4%
Real Estate (VNQ)12.0%13.4%0.5920.0%
Bitcoin (BTCUSD)-27.2%41.8%-0.6516.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BRLT
BRLT-39.9%78.8%-0.35-
Sector ETF (XLY)7.7%23.7%0.2828.9%
Equity (SPY)13.8%17.0%0.6428.4%
Gold (GLD)19.3%18.0%0.873.7%
Commodities (DBC)10.8%19.4%0.44-0.5%
Real Estate (VNQ)3.8%18.8%0.1023.5%
Bitcoin (BTCUSD)9.3%55.6%0.3716.2%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BRLT
BRLT-22.4%78.8%-0.35-
Sector ETF (XLY)12.8%22.0%0.5328.9%
Equity (SPY)15.5%17.9%0.7428.4%
Gold (GLD)13.2%16.0%0.683.7%
Commodities (DBC)7.8%17.9%0.35-0.5%
Real Estate (VNQ)5.4%20.7%0.2223.5%
Bitcoin (BTCUSD)67.3%66.9%1.0616.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 41520267.8%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest3.1 days
Basic Shares Quantity15.8 Mil
Short % of Basic Shares0.8%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/5/2026-11.5%-21.2%-21.2%
11/5/2025-5.5%-14.8%-23.4%
8/7/202537.7%44.9%126.9%
3/12/20258.6%7.8%11.5%
11/7/20247.7%3.0%18.3%
8/8/2024-13.3%-9.3%-26.2%
3/14/20244.0%23.3%7.1%
11/9/2023-13.7%-21.7%15.7%
...
SUMMARY STATS   
# Positive777
# Negative777
Median Positive8.6%20.6%15.7%
Median Negative-11.5%-15.6%-21.7%
Max Positive37.7%44.9%126.9%
Max Negative-25.6%-29.7%-41.9%

SEC Filings

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Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202503/17/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/13/202510-Q
12/31/202403/13/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202303/28/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/12/202310-Q
12/31/202203/21/202310-K
09/30/202211/10/202210-Q
06/30/202208/12/202210-Q

Recent Forward Guidance [BETA]

Latest: Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Net Sales Growth 2.5% -50.0%-2.5%LoweredGuidance: 5.0% for Q1 2026
2026 Net Sales Growth 5.0% 00AffirmedGuidance: 5.0% for 2026

Prior: Q4 2025 Earnings Reported 3/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue Growth 5.0%   Higher New
Q1 2026 Operating Margin -5.0%   Lower New
2026 Revenue Growth 5.0% 33.3%1.2%Higher NewActual: 3.75% for 2025

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Dziesietnik, SharonChief Operations OfficerDirectSell52020261.1510,12411,643623,958Form
2Dziesietnik, SharonChief Operations OfficerDirectSell22020261.3719,68726,971612,028Form
3Dziesietnik, SharonChief Operations OfficerDirectSell111920251.999,19118,290928,182Form
4Harris, Jennifer Noel DirectSell61820251.355,3177,178113,283Form
5Harris, Jennifer Noel DirectSell61820251.357,1039,589120,461Form