---
schema_version: "secwatch.filing_event.v1"
accession: "0001814974-21-000059"
form_type: "8-K"
ticker: "BBXIB"
cik: "0001814974"
company_name: "BBX Capital, Inc."
filed_at: "2021-08-10T23:59:59+00:00"
generated_at: "2026-06-29T17:11:48.967631+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# BBX Capital Q2 revenue jumps to $61.7M, net income $20.1M vs loss; IT'SUGAR emerges from bankruptcy

## Summary
- Revenue $61.7M vs $26.6M; diluted EPS $1.07 vs ($0.48); net income $20.1M vs ($8.7M).
- IT'SUGAR emerged from Chapter 11 on June 17, 2021; recognized $15.9M non-cash gain; 85% of unsecured debt forgiven.
- BBX Capital Real Estate sold 94 developed lots vs 23; Altis Promenade sale yielded ~$5.3M equity earnings.
- Renin trade sales doubled to $34.4M but gross margin fell to 11.7% from 19.4% due to supply chain cost increases.
- Share repurchases: ~$15M total ($3.8M program + $11.2M tender); remaining authority $6.2M.

## SEC filing metadata
- accession: 0001814974-21-000059
- form_type: 8-K
- ticker: BBXIB
- cik: 0001814974
- company_name: BBX Capital, Inc.
- filed_at: 2021-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814974/000181497421000059/0001814974-21-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814974/000181497421000059/c974-20210810x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001814974-21-000059
- JSON: https://secwatch.observer/filing/0001814974-21-000059.json
- Plain text: https://secwatch.observer/filing/0001814974-21-000059.txt

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