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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 147,454 $ 155,809
Restricted cash 213 211
Inventories, net 38,905 37,788
Prepaid expenses and other current assets 11,183 11,048
Total current assets 197,755 204,856
Property and equipment, net 21,679 22,047
Deferred tax assets 9,495 9,745
Operating lease right of use assets 36,258 34,248
Other assets 3,012 2,687
Total assets 268,199 273,583
Current liabilities:    
Accounts payable 2,473 4,511
Accrued expenses and other current liabilities 33,599 43,824
Deferred revenue 22,815 19,556
Current portion of operating lease liabilities 5,372 4,993
Current portion of long-term debt 4,469 4,063
Total current liabilities 68,728 76,947
Long-term debt, net of debt issuance costs 54,337 55,573
Operating lease liabilities 37,262 35,572
Payable pursuant to the Tax Receivable Agreement 8,014 8,035
Total liabilities 168,341 176,127
Commitments and contingencies (Note 10)
Stockholders' equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding at March 31, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 8,978 8,275
Treasury stock, at cost; 32,371 shares and none at March 31, 2024 and December 31, 2023, respectively (100) 0
Retained earnings 4,386 4,247
Stockholders' equity attributable to Brilliant Earth Group, Inc. 13,274 12,532
Non-controlling interests attributable to Brilliant Earth, LLC 86,584 84,924
Total stockholders' equity 99,858 97,456
Total liabilities and stockholders' equity 268,199 273,583
Class A Common Stock    
Stockholders' equity    
Common stock, value, issued 1 1
Class B Common Stock    
Stockholders' equity    
Common stock, value, issued 4 4
Class C Common Stock    
Stockholders' equity    
Common stock, value, issued 5 5
Common Class D    
Stockholders' equity    
Common stock, value, issued $ 0 $ 0