---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-030953"
form_type: "8-K"
ticker: "BBXIB"
cik: "0001814974"
company_name: "BBX Capital, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T10:19:58.132341+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BBX Capital reports Q3 net loss of $7.8M; revenue up to $103.3M but operating loss widens

## Summary
- Net loss of $7.8M ($0.55 diluted loss per share) vs net income of $4.0M ($0.26 EPS) in Q3 2022.
- Total revenue $103.3M, up 37% YoY, driven by real estate asset sales; equity earnings from joint ventures fell sharply.
- BBX Sweet Holdings (IT'SUGAR) loss before taxes of $(2.4)M; founder stepped down as CEO; acquired his noncontrolling interest.
- Renin not in compliance with TD Bank financial covenants; discussions ongoing; potential material adverse effect on liquidity.
- Cash and equivalents $102.5M; fully diluted book value per share $21.60.

## SEC filing metadata
- accession: 0001437749-23-030953
- form_type: 8-K
- ticker: BBXIB
- cik: 0001814974
- company_name: BBX Capital, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814974/000143774923030953/0001437749-23-030953-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814974/000143774923030953/bbxi20230821_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-030953
- JSON: https://secwatch.observer/filing/0001437749-23-030953.json
- Plain text: https://secwatch.observer/filing/0001437749-23-030953.txt

## Key facts
- Earnings Releases
  BBX Capital, Inc. reported third quarter of 2023 results: revenue $103.3 million, net income $(7.8) million, EPS $(0.55).
  - Period: third quarter of 2023
  - Revenue: $103.3 million
  - Net income: $(7.8) million
  - EPS: $(0.55)
  - Result: reported results
  source text: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the third quarter of 2023. Selected highlights of BBX Capital’s consolidated financial results include: Third Quarter 2023 Compared to Third Quarter 2022 ● Total consolidated revenues of $103.3 million vs. $75.2 million ● Loss before income taxes of $(7.1) million vs. income before taxes of $6.5 million ● Net loss attributable to shareholders of $(7.8) million vs. net income attributable to shareholders of $4.0 million ● Diluted loss per share of $(0.55) vs. diluted earnings per share of $0.26
  evidence_url: https://www.sec.gov/Archives/edgar/data/1814974/000143774923030953/0001437749-23-030953-index.htm

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