---
schema_version: "secwatch.filing_event.v1"
accession: "0001814974-22-000094"
form_type: "8-K"
ticker: "BBXIB"
cik: "0001814974"
company_name: "BBX Capital, Inc."
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T02:15:37.014226+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BBX Capital Q2 revenue $83.7M (+36% YoY) but net income drops to $10.5M; Renin loss, covenant breach

## Summary
- Net income $10.5M ($0.68 diluted EPS) vs $20.1M ($1.07) a year ago; revenue $83.7M vs $61.7M.
- BBXRE income before taxes $25.1M vs $11.9M, driven by Altis Little Havana, Bayview JV sales and loan recoveries.
- Renin loss before taxes $3.9M vs income $0.8M; gross margin 2.3% (from 11.7%); failed TD Bank covenant on $37.9M facility.
- BBX Sweet Holdings loss $0.2M vs income $16.0M; prior year included $15.9M non-cash gain on IT'SUGAR reconsolidation.
- IT'SUGAR comparable store sales +11% vs 2021 and +19% vs 2019; new candy department stores in metro areas.

## SEC filing metadata
- accession: 0001814974-22-000094
- form_type: 8-K
- ticker: BBXIB
- cik: 0001814974
- company_name: BBX Capital, Inc.
- filed_at: 2022-08-09T23:59:59+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/1814974/000181497422000094/0001814974-22-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814974/000181497422000094/c974-20220809x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001814974-22-000094
- JSON: https://secwatch.observer/filing/0001814974-22-000094.json
- Plain text: https://secwatch.observer/filing/0001814974-22-000094.txt

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