---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022799"
form_type: "8-K"
ticker: "BBXIB"
cik: "0001814974"
company_name: "BBX Capital, Inc."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:07:27.832468+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BBX Capital Q2 net loss $8.0M ($0.56/share); revenue $106.8M; Renin covenant breach

## Summary
- Net loss attributable to shareholders $8.0M vs net income $10.5M in Q2 2022; diluted EPS $(0.56) vs $0.68.
- Total consolidated revenues $106.8M, up 27.6% from $83.7M; loss before taxes $8.7M vs income $16.6M.
- Renin not in compliance with financial covenants under TD Bank credit facility; may lose line of credit.
- BBX Real Estate income before taxes $4.3M vs $25.1M; equity in earnings down on prior-year sales.
- Balance sheet: cash $81.5M, securities $61.4M, total assets $673.7M, equity $336.3M, book value $22.00/share.

## SEC filing metadata
- accession: 0001437749-23-022799
- form_type: 8-K
- ticker: BBXIB
- cik: 0001814974
- company_name: BBX Capital, Inc.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814974/000143774923022799/0001437749-23-022799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814974/000143774923022799/bbxi20230522_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022799
- JSON: https://secwatch.observer/filing/0001437749-23-022799.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022799.txt

## Key facts
- Earnings Releases
  BBX Capital, Inc. reported the second quarter of 2023 results: revenue $106.8 million, net income $(8.0) million, EPS $(0.56) per diluted share.
  - Period: the second quarter of 2023
  - Revenue: $106.8 million
  - Net income: $(8.0) million
  - EPS: $(0.56) per diluted share
  - Result: reported results
  source text: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the second quarter of 2023. Selected highlights of BBX Capital’s consolidated financial results include: Second Quarter 2023 Compared to Second Quarter 2022 ● Total consolidated revenues of $106.8 million vs. $83.7 million ● Loss before income taxes of $(8.7) million vs. income before taxes of $16.6 million ● Net loss attributable to shareholders of $(8.0) million vs. net income attributable to shareholders of $10.5 million ● Diluted loss per share of $(0.56) vs. diluted earnings per share of $0.68
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814974/000143774923022799/0001437749-23-022799-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.