Basic earnings per share is computed by dividing net income (loss) applicable to Brilliant Earth Group, Inc. by the weighted average shares of Class A common stock outstanding (and Class D common stock, if outstanding) during the period. Diluted earnings per share is computed by adjusting the net loss available to Brilliant Earth Group, Inc. and the weighted average shares outstanding to give effect to potentially dilutive securities. Shares of Class B and Class C common stock are not entitled to receive any distributions or dividends and are therefore excluded from this presentation since they are not participating securities.


	Three Months Ended June 30,				Six Months Ended June 30,
Numerator:	2026		2025		2026		2025
Net income (loss) attributable to Brilliant Earth Group, Inc., BASIC	$	20	$	(166)	$	(1,491)	$	(632)
Add: Net income (loss) impact from assumed redemption of all LLC Units to common stock	822		—		—		—
Add (less): Income tax benefit (expense) on net (loss) income attributable to NCI	(207)		—		—		—
Net income (loss) attributable to Brilliant Earth Group, Inc., after adjustment for assumed conversion, DILUTED	$	635	$	(166)	$	(1,491)	$	(632)

Denominator:
Weighted average shares of common stock outstanding, BASIC	16,452,498		14,552,477		16,133,940		14,333,268
Dilutive effects of:
Vested LLC Units that are exchangeable for common stock	84,942,318		—		—		—

RSUs	286,515		—		—		—
Weighted average shares of common stock outstanding, DILUTED	101,681,331		14,552,477		16,133,940		14,333,268

BASIC earnings per share	$	0.00	$	(0.01)	$	(0.09)	$	(0.04)
DILUTED earnings per share	$	0.01	$	(0.01)	$	(0.09)	$	(0.04)

For the three months ended June 30, 2026, Net income attributable to the non-controlling interest is added back to net income in the fully dilutive computation and has been adjusted for income taxes which would have been expensed had the income been recognized by Brilliant Earth Group, Inc., a taxable entity. The weighted average common shares outstanding in the diluted computation per share assumes all outstanding LLC Units are converted and the Company will elect to issue shares of common stock upon redemption rather than cash-settle.

For the three and six months ended June 30, 2025 and the six months ended June 30, 2026, the dilutive earnings per share calculation excludes the loss impact from assumed redemption of all LLC Units and any income tax impact on the net loss attributable to the non-controlling interest since the Company is in a net loss position and these adjustments would be antidilutive.

For the three and six months ended June 30, 2025 and the six months ended June 30, 2026, the dilutive impact of LLC Units, unvested LLC Units, and RSUs were not included in the computation of diluted earnings per share as the effect would be anti-dilutive.

For the three months ended June 30, 2026, the dilutive impact of LLC Units convertible into common stock were included in the computation of diluted earnings per share under the if-converted method, except where the effect would be anti-dilutive. The dilutive impact of unvested LLC Units, and RSUs were included using the treasury stock method, except when the effect would be anti-dilutive.

The following table presents the securities for the three and six months ended June 30, 2026 and 2025, that have been excluded from the computations of earnings per share because such impact would have been anti-dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Vested LLC Units	—	84,961,455	84,942,318	84,954,564
RSUs	2,356,151	4,328,224	2,537,297	3,959,902
Stock options	656,821	665,905	656,821	665,905
Unvested LLC Units	—	1,595	—	9,547