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Side-by-side financial comparison of Brilliant Earth Group, Inc. (BRLT) and REPLIGEN CORP (RGEN). Click either name above to swap in a different company.

REPLIGEN CORP is the larger business by last-quarter revenue ($197.9M vs $124.4M, roughly 1.6× Brilliant Earth Group, Inc.). REPLIGEN CORP runs the higher net margin — 6.7% vs -2.3%, a 9.0% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs 4.1%). REPLIGEN CORP produced more free cash flow last quarter ($17.6M vs $5.7M). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% CAGR vs 13.1%).

Brilliant Earth is an American company that sells jewelry featuring diamonds and other gemstones that are asserted to be ethically sourced. The company was established in August 2005 by Beth Gerstein and Eric Grossberg, and is headquartered in San Francisco, California. According to Businessweek, the company has been influential in creating a market for ethically sourced jewelry. Some provenance claims were disputed as per a 2017 The Next Web article.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

BRLT vs RGEN — Head-to-Head

Bigger by revenue
RGEN
RGEN
1.6× larger
RGEN
$197.9M
$124.4M
BRLT
Growing faster (revenue YoY)
RGEN
RGEN
+9.6% gap
RGEN
13.6%
4.1%
BRLT
Higher net margin
RGEN
RGEN
9.0% more per $
RGEN
6.7%
-2.3%
BRLT
More free cash flow
RGEN
RGEN
$11.9M more FCF
RGEN
$17.6M
$5.7M
BRLT
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
13.1%
BRLT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRLT
BRLT
RGEN
RGEN
Revenue
$124.4M
$197.9M
Net Profit
$-2.9M
$13.3M
Gross Margin
55.9%
52.5%
Operating Margin
-0.0%
9.0%
Net Margin
-2.3%
6.7%
Revenue YoY
4.1%
13.6%
Net Profit YoY
-908.9%
143.9%
EPS (diluted)
$-0.20
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BRLT
BRLT
RGEN
RGEN
Q4 25
$124.4M
$197.9M
Q3 25
$110.3M
$188.8M
Q2 25
$108.9M
$182.4M
Q1 25
$93.9M
$169.2M
Q4 24
$119.5M
$174.1M
Q3 24
$99.9M
$154.9M
Q2 24
$105.4M
$154.1M
Q1 24
$97.3M
$151.3M
Net Profit
BRLT
BRLT
RGEN
RGEN
Q4 25
$-2.9M
$13.3M
Q3 25
$-107.0K
$14.9M
Q2 25
$-166.0K
$14.9M
Q1 25
$-466.0K
$5.8M
Q4 24
$358.0K
$-30.3M
Q3 24
$-141.0K
$-654.0K
Q2 24
$185.0K
$3.3M
Q1 24
$139.0K
$2.1M
Gross Margin
BRLT
BRLT
RGEN
RGEN
Q4 25
55.9%
52.5%
Q3 25
57.6%
53.2%
Q2 25
58.3%
50.0%
Q1 25
58.6%
53.6%
Q4 24
59.6%
26.1%
Q3 24
60.8%
50.0%
Q2 24
60.8%
49.8%
Q1 24
59.9%
49.5%
Operating Margin
BRLT
BRLT
RGEN
RGEN
Q4 25
-0.0%
9.0%
Q3 25
-0.6%
8.9%
Q2 25
-1.1%
7.6%
Q1 25
-3.8%
3.9%
Q4 24
2.0%
-17.7%
Q3 24
-1.1%
-5.1%
Q2 24
1.1%
1.0%
Q1 24
0.9%
1.3%
Net Margin
BRLT
BRLT
RGEN
RGEN
Q4 25
-2.3%
6.7%
Q3 25
-0.1%
7.9%
Q2 25
-0.2%
8.2%
Q1 25
-0.5%
3.4%
Q4 24
0.3%
-17.4%
Q3 24
-0.1%
-0.4%
Q2 24
0.2%
2.2%
Q1 24
0.1%
1.4%
EPS (diluted)
BRLT
BRLT
RGEN
RGEN
Q4 25
$-0.20
$0.24
Q3 25
$-0.01
$0.26
Q2 25
$-0.01
$0.26
Q1 25
$-0.03
$0.10
Q4 24
$0.02
$-0.55
Q3 24
$-0.01
$-0.01
Q2 24
$0.01
$0.06
Q1 24
$0.01
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRLT
BRLT
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$79.1M
$767.6M
Total DebtLower is stronger
$0
$542.2M
Stockholders' EquityBook value
$12.3M
$2.1B
Total Assets
$200.9M
$2.9B
Debt / EquityLower = less leverage
0.00×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRLT
BRLT
RGEN
RGEN
Q4 25
$79.1M
$767.6M
Q3 25
$73.4M
$748.7M
Q2 25
$133.6M
$708.9M
Q1 25
$147.3M
$697.2M
Q4 24
$161.9M
$757.4M
Q3 24
$152.7M
$784.0M
Q2 24
$152.2M
$809.1M
Q1 24
$147.5M
$780.6M
Total Debt
BRLT
BRLT
RGEN
RGEN
Q4 25
$0
$542.2M
Q3 25
$0
$537.9M
Q2 25
$34.5M
Q1 25
$54.5M
Q4 24
$55.7M
$525.6M
Q3 24
$58.1M
Q2 24
$58.0M
Q1 24
$58.8M
Stockholders' Equity
BRLT
BRLT
RGEN
RGEN
Q4 25
$12.3M
$2.1B
Q3 25
$12.0M
$2.1B
Q2 25
$15.3M
$2.1B
Q1 25
$14.9M
$2.0B
Q4 24
$15.3M
$2.0B
Q3 24
$14.5M
$2.0B
Q2 24
$14.1M
$2.0B
Q1 24
$13.3M
$2.0B
Total Assets
BRLT
BRLT
RGEN
RGEN
Q4 25
$200.9M
$2.9B
Q3 25
$203.0M
$2.9B
Q2 25
$260.9M
$2.9B
Q1 25
$269.6M
$2.9B
Q4 24
$281.2M
$2.8B
Q3 24
$273.2M
$2.8B
Q2 24
$272.5M
$2.9B
Q1 24
$268.2M
$2.8B
Debt / Equity
BRLT
BRLT
RGEN
RGEN
Q4 25
0.00×
0.26×
Q3 25
0.00×
0.26×
Q2 25
2.26×
Q1 25
3.65×
Q4 24
3.63×
0.27×
Q3 24
4.01×
Q2 24
4.13×
Q1 24
4.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRLT
BRLT
RGEN
RGEN
Operating Cash FlowLast quarter
$7.2M
$25.7M
Free Cash FlowOCF − Capex
$5.7M
$17.6M
FCF MarginFCF / Revenue
4.6%
8.9%
Capex IntensityCapex / Revenue
1.2%
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$5.8M
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRLT
BRLT
RGEN
RGEN
Q4 25
$7.2M
$25.7M
Q3 25
$608.0K
$48.1M
Q2 25
$9.1M
$28.6M
Q1 25
$-7.1M
$15.0M
Q4 24
$14.1M
$39.2M
Q3 24
$2.0M
$49.3M
Q2 24
$7.3M
$42.2M
Q1 24
$-5.8M
$44.7M
Free Cash Flow
BRLT
BRLT
RGEN
RGEN
Q4 25
$5.7M
$17.6M
Q3 25
$-3.0K
$43.4M
Q2 25
$7.9M
$21.5M
Q1 25
$-7.9M
$11.4M
Q4 24
$11.9M
$33.6M
Q3 24
$674.0K
$42.3M
Q2 24
$6.5M
$37.4M
Q1 24
$-6.4M
$36.4M
FCF Margin
BRLT
BRLT
RGEN
RGEN
Q4 25
4.6%
8.9%
Q3 25
-0.0%
23.0%
Q2 25
7.3%
11.8%
Q1 25
-8.4%
6.8%
Q4 24
10.0%
19.3%
Q3 24
0.7%
27.3%
Q2 24
6.1%
24.3%
Q1 24
-6.5%
24.0%
Capex Intensity
BRLT
BRLT
RGEN
RGEN
Q4 25
1.2%
4.1%
Q3 25
0.6%
2.5%
Q2 25
1.1%
3.9%
Q1 25
0.8%
2.1%
Q4 24
1.8%
3.2%
Q3 24
1.3%
4.5%
Q2 24
0.8%
3.1%
Q1 24
0.6%
5.5%
Cash Conversion
BRLT
BRLT
RGEN
RGEN
Q4 25
1.93×
Q3 25
3.23×
Q2 25
1.92×
Q1 25
2.57×
Q4 24
39.36×
Q3 24
Q2 24
39.51×
12.70×
Q1 24
-41.65×
21.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BRLT
BRLT

US$120.3M97%
Non Us$4.2M3%

RGEN
RGEN

Segment breakdown not available.

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