Earnings summaries and quarterly performance for PRA GROUP.
Executive leadership at PRA GROUP.
Board of directors at PRA GROUP.
AB
Adrian Butler
Detailed
Director
BP
Brett Paschke
Detailed
Director
GO
Geir Olsen
Detailed
Director
JG
Jayne-Anne Gadhia
Detailed
Director
LW
Lance Weaver
Detailed
Lead Independent Director
MC
Marjorie Connelly
Detailed
Director
PT
Peggy Turner
Detailed
Director
ST
Scott Tabakin
Detailed
Director
SF
Steven Fredrickson
Detailed
Executive Chairman of the Board
Research analysts who have asked questions during PRA GROUP earnings calls.
DS
David Scharf
Citizens Capital Markets and Advisory
6 questions for PRAA
Also covers: AFRM, ECPG, ENVA +11 more
RD
Robert Dodd
Raymond James
6 questions for PRAA
Also covers: , ARCC, BBDC +24 more
MH
Mark Hughes
Truist Securities
4 questions for PRAA
Also covers: AIZ, AJG, AMBC +42 more
MH
Mark Hughes
Truist
2 questions for PRAA
Also covers: AIZ, ECPG, EIG +3 more
JR
John Rowan
Janney Montgomery Scott
1 question for PRAA
Also covers: CACC, ECPG, ENVA +5 more
Recent press releases and 8-K filings for PRAA.
PRA Group Announces Q4 and FY 2025 Financial Results
PRAA
Earnings
Share Buyback
Guidance Update
- PRA Group reported FY 2025 Total Revenue of $1,202 million and Cash Collections of $2,108 million. The company's Adjusted Net Income Attributable to PRA was $73 million for FY 2025 , despite a Net Loss Attributable to PRA of ($305 million) which included a $413 million non-cash goodwill impairment charge.
- Adjusted EBITDA grew to $1,315 million in Q4 2025 , contributing to a declining Net Leverage of 2.73x as of December 31, 2025.
- Portfolio purchases for FY 2025 totaled $1,209 million , and Estimated Remaining Collections (ERC) increased 15% year-over-year to $8,609 million in 2025.
- The company maintains a strong capital structure with no debt maturities in 2026 and $1.1 billion available under credit facilities as of December 31, 2025 , alongside $20 million in share repurchases during 2025.
1 day ago
PRA Group Reports Record 2025 Financials and Outlines Future Strategy
PRAA
Earnings
New Projects/Investments
Guidance Update
- PRA Group achieved record cash collections of $2.1 billion and record revenue of $1.2 billion for the full year 2025, with adjusted net income reaching $73 million and adjusted EBITDA growing 16% to $1.3 billion. The company's net leverage was 2.7x as of December 31, 2025.
- In 2025, the company purchased $1.2 billion of portfolios, marking its third highest investment year on record, which contributed to a record estimated remaining collections (ERC) of $8.6 billion.
- Strategic initiatives included a $125 million investment in the US legal collections channel, significant operational improvements such as a 42% reduction in US onshore agent headcount, increased use of offshore agents to approximately 32%, and modernization of its IT platform with AI exploration.
- Looking ahead, PRA Group projects annual investments between $1 billion and $1.3 billion for 2026, expects adjusted EBITDA to continue growing faster than cash collections, and aims to reduce net leverage to the mid 2x area over the next few years.
1 day ago
PRA Group Reports Record 2025 Cash Collections and Revenue, Outlines Future Strategy
PRAA
Earnings
Guidance Update
Share Buyback
- PRA Group achieved record cash collections of $2.1 billion and record revenue of $1.2 billion for the full year 2025, with adjusted EBITDA increasing 16% to $1.3 billion.
- The company purchased $1.2 billion of portfolios in 2025, reaching a record Estimated Remaining Collections (ERC) of $8.6 billion.
- Adjusted net income for 2025 increased to $73 million, although a net loss attributable to PRA of $305 million was reported for the full year, primarily due to a $413 million non-cash goodwill impairment charge in Q3.
- PRA Group's leverage decreased to 2.7x by the end of 2025 from 2.9x in 2024, and the company repurchased $20 million of its stock during the year.
- Looking ahead, PRA Group projects annual investments of $1 billion-$1.3 billion and aims for adjusted EBITDA to continue growing faster than cash collections, with a target to reduce net leverage to the mid 2x area.
1 day ago
PRA Group Reports Record 2025 Cash Collections and Revenue, Advances Strategic Initiatives
PRAA
Earnings
Share Buyback
New Projects/Investments
- PRA Group achieved strong financial results in 2025, with record cash collections of $2.1 billion, up 13% year-over-year, and record revenue of $1.2 billion. Adjusted net income for the year increased to $73 million, and adjusted EBITDA for the last 12 months grew 16% to $1.3 billion.
- The company purchased $1.2 billion of portfolios in 2025, contributing to a record estimated remaining collections (ERC) of $8.6 billion.
- Operational efficiency improved, with adjusted cash efficiency reaching 61% for the full year, and net leverage declining to 2.7x by the end of 2025. Cost management efforts included the elimination of over 115 corporate and overhead roles in Q4 2025, generating $20 million in annualized gross savings, and a 42% reduction in US call center headcount since the start of 2025.
- PRA Group is implementing its "PRA 3.0" strategy, focusing on disciplined capital allocation, modernizing operations through technology and data (including AI and digital collections), and fostering a high-performance culture. The company also repurchased $20 million of its stock in 2025.
1 day ago
PRA Group Reports Q4 and Full Year 2025 Results
PRAA
Earnings
Share Buyback
New Projects/Investments
- PRA Group reported a net loss attributable to PRA Group, Inc. of $305.1 million, or diluted earnings per share of $(7.79), for the full year 2025, primarily due to a $413 million non-cash goodwill impairment charge in Q3 2025. Excluding this charge and a gain from the sale of an equity interest, adjusted net income was $72.6 million, or adjusted diluted EPS of $1.84.
- Total cash collections increased by 12.8% to $2.1 billion for the full year 2025 and by 13.6% to $531.7 million in Q4 2025.
- The company made total portfolio purchases of $1.2 billion for the full year 2025, representing the third highest level in company history, and ended Q4 2025 with record estimated remaining collections (ERC) of $8.6 billion.
- Adjusted EBITDA increased by 16% to $1.3 billion for the full year 2025.
1 day ago
PRA Group Reports Q4 and Full Year 2025 Results
PRAA
Earnings
Share Buyback
Revenue Acceleration/Inflection
- PRA Group reported full year 2025 total cash collections of $2.1 billion, an increase of 12.8% year-over-year, with Q4 2025 cash collections rising 13.6% to $531.7 million.
- The company recorded a net loss attributable to PRA Group, Inc. of $305 million for full year 2025, primarily driven by a $413 million non-cash goodwill impairment charge in Q3 2025; however, adjusted net income attributable to PRA was $72.6 million.
- Total portfolio purchases for full year 2025 reached $1.2 billion, marking the third highest level of investments in Company history, and Q4 2025 purchases were $314.8 million.
- PRA Group achieved record estimated remaining collections (ERC) of $8.6 billion at the end of Q4 2025.
- The company repurchased $10 million of shares in Q4 2025, contributing to a total of $20 million in share repurchases for the full year 2025.
1 day ago
PRA Group Highlights FY 2025 Performance and Strategic Outlook
PRAA
Earnings
Share Buyback
New Projects/Investments
- PRA Group reported $73 million in Adjusted Net Income Attributable to PRA for FY 2025, representing a 3% year-over-year growth, alongside $2.1 billion in cash collections, which is a 13% year-over-year increase.
- The company's Estimated Remaining Collections (ERC) grew 15% year-over-year to $8.6 billion in 2025, supported by $1.2 billion in portfolio purchases, marking the third highest annual amount in company history.
- Net leverage continued to decline, reaching 2.73x by Q4 2025, down from a peak of 2.87x in Q3 2024, and the company has $1.1 billion available under credit facilities with no debt maturities in 2026.
- PRA Group repurchased $20 million of shares in 2025 and is focused on its PRA 3.0 strategy, which includes disciplined capital allocation, modernizing operations, and reducing leverage to mid 2x.
1 day ago
PRA Group Reports Q3 2025 Results with Significant Goodwill Impairment
PRAA
Earnings
Accounting Changes
Layoffs
- PRA Group reported a net loss attributable to PRA of $408 million in Q3 2025, primarily due to a $413 million non-recurring, non-cash goodwill impairment charge related to historical acquisitions, mainly in Europe.
- Despite the net loss, cash collections increased by 14%, reaching $542 million in Q3 2025, with U.S. legal cash collections growing by 27%. The Adjusted Cash Efficiency Ratio for Q3 2025 was 61%.
- The company's Adjusted EBITDA (LTM) continued to grow, reaching $1,265 million in Q3 2025, contributing to a decrease in net leverage to 2.77x.
- Under the new CEO, the company implemented cost efficiency measures, eliminating 115+ corporate and overhead roles for $20 million in gross annualized cost savings and reorganizing the U.S. business.
Nov 3, 2025, 10:00 PM
PRAA Reports Q3 2025 Results with Goodwill Impairment and Strategic Progress
PRAA
Earnings
Layoffs
Debt Issuance
- PRAA reported a net loss of $408 million for Q3 2025, primarily due to a non-recurring non-cash goodwill impairment charge of $413 million. Excluding this charge, adjusted net income was $21 million, translating to an adjusted ROATE of 9%.
- Cash collections grew 14% year-over-year to $542 million, exceeding global expectations by 8%. Adjusted EBITDA for the last 12 months increased 15% to $1.3 billion.
- The company implemented a cost reduction program in the U.S., resulting in the elimination of more than 250 roles and anticipated gross annualized cost savings of approximately $20 million.
- PRAA reaffirmed its 2025 financial targets, including a $1.2 billion investment goal, high single-digit cash collections growth, and a 60% plus cash efficiency target.
- Net leverage stood at 2.8 times as of September 30, 2025, and the company strengthened its capital structure by issuing its first euro-denominated bond of EUR 300 million.
Nov 3, 2025, 10:00 PM
PRA Group, Inc. Reports Q3 2025 Results
PRAA
Earnings
Profit Warning
Guidance Update
- PRA Group, Inc. reported a net loss of $407.7 million, or ($10.43) diluted earnings per share, for Q3 2025, primarily due to a $412.6 million non-recurring, non-cash goodwill impairment charge. Excluding this charge, adjusted net income was $20.9 million, or $0.53 diluted earnings per share.
- Total cash collections increased by 13.7% year-over-year to $542.2 million in Q3 2025, contributing to a record estimated remaining collections (ERC) of $8.4 billion, up 15.2%.
- The company purchased $255.5 million in nonperforming loan portfolios during Q3 2025 and is on track to achieve its 2025 portfolio purchases target of $1.2 billion.
- CEO Martin Sjolund highlighted significant progress on U.S. strategic priorities and noted that the European business outperformed cash collections expectations by 11% year-to-date.
Nov 3, 2025, 9:06 PM
Quarterly earnings call transcripts for PRA GROUP.
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