Brilliant Earth Group, Inc. (BRLT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 17, 2026

Risk Assessment Details

Potential Dilution: 431.18% of current shares
Recent Dilution: 14.97% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
15M
Potential Supply
64M
Additional shares possible
Splits
None
Past 2 years

Summary

BRLT currently has 14.8M outstanding shares. with significant dilution risk as 63.6M authorized shares could dilute existing holders by 431.2%. The company has diluted shareholders by 14.97% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 17, 2026

10-K filing | 14.8M shares outstanding

15M 64M
Nov 05, 2025

10-Q filing | 15.0M shares outstanding

15M 64M
Aug 07, 2025

10-Q filing | 14.6M shares outstanding

15M 64M
May 13, 2025

10-Q filing | 14.1M shares outstanding

14M 64M
Mar 13, 2025

10-K filing | 13.3M shares outstanding

13M 64M
Nov 08, 2024

10-Q filing | 13.5M shares outstanding

14M 64M
Aug 09, 2024

10-Q filing | 13.2M shares outstanding

13M 64M
May 10, 2024

10-Q filing | 12.7M shares outstanding

13M 64M
Mar 28, 2024

10-K filing | 11.9M shares outstanding

12M 64M
Nov 09, 2023

10-Q filing | 12.1M shares outstanding

12M 64M
Aug 10, 2023

10-Q filing | 11.8M shares outstanding

12M 64M
May 12, 2023

10-Q filing | 11.4M shares outstanding

11M 64M
Mar 21, 2023

10-K filing | 10.7M shares outstanding

11M 64M
Nov 10, 2022

10-Q filing | 10.9M shares outstanding

11M 64M
Oct 07, 2022

S-3 filing: Brilliant Earth Group, Inc. files an S-3 to offer Class A Common Stock, Preferred Stock, Debt Securities, Purchase Contracts, Warrants and Units for up to $200,000,000 and 44,444,035 shares of Class A Common Stock offered by selling security holders.

11M 64M
Aug 12, 2022

10-Q filing | 10.8M shares outstanding

11M 19M
May 13, 2022

10-Q filing | 10.0M shares outstanding

10M 19M
Mar 22, 2022

10-K filing | 9.6M shares outstanding

9.6M 19M
Nov 12, 2021

10-Q filing | 9.6M shares outstanding

9.6M 19M
Sep 21, 2021

S-1/A filing: This is an S-1/A filing for Brilliant Earth Group, Inc. registering Class A common stock with a proposed maximum aggregate offering price of $306,666,672.00.

N/A 19M
Sep 14, 2021

S-1/A filing: This is an S-1/A filing for an initial public offering of Class A common stock with J.P. Morgan, Credit Suisse, Jefferies, Cowen, KeyBanc Capital Markets, Piper Sandler, William Blair, Telsey Advisory Group, Cabrera Capital Markets LLC, Loop Capital Markets, and Siebert Williams Shank as underwriters.

N/A 0
Aug 30, 2021

S-1 filing: This is an S-1 filing for an initial public offering of Class A common stock, with J.P. Morgan, Credit Suisse, Jefferies, Cowen, KeyBanc Capital Markets, Piper Sandler, William Blair, and Telsey Advisory Group acting as underwriters. The filing describes the maintenance of one-to-one ratios between shares of different classes of common stock and LLC Interests.

N/A 0
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