PRA GROUP INC (PRAA) PRA Group, Inc., a financial and business services enterprise, specializes in the acquisition, management, and recovery of defaulted loan portfolios. Its operations span the Americas, Australia, and Europe. The company primarily procures overdue financial obligations from individuals, which were initially extended by various credit originators like banks, consumer and retail finance firms, and automotive lenders. The types of non-performing assets it acquires are diverse, encompassing balances from Visa, MasterCard, private label, and other credit cards, as well as installment loans, lines of credit, deficiency balances, legal judgments, and trade payables. These assets are sourced from a broad spectrum of entities, including banks, credit unions, retailers, utilities, and other financial institutions. Furthermore, PRA Group offers fee-based services, such as facilitating recoveries from class action claims and servicing consumer bankruptcy accounts. The company, which was established in 1996, changed its name from Portfolio Recovery Associates, Inc. to PRA Group, Inc. in October 2014. Its corporate headquarters are situated in Norfolk, Virginia.
Sector: Short-Term Business Credit Institutions
Industry: Financial - Credit Services
PRA Group, Inc. NASDAQ:PRAA Financial Services · Financial - Credit Services
Pre Pre-market $13.01 Close $12.92 AH $12.87 Now $13.01 PM VOL 3K $ Vol ≈ $33K RVOL 38.83x
Close $12.92 -36.73% AH $12.87 +1.09% since
Mkt Cap $486.55M
PM VOL 3K sh
$ Vol ≈$33K
RVOL 38.83×
Press Release ⚠ 3
PRA Group Reports Third Quarter 2026 Results
PRA Group reported Q3 2026 net income of $15 million, or diluted EPS of $0.39, versus a $407.7 million loss in Q3 2025 that had included a $413 million goodwill impairment charge.
Underlying results were mixed: portfolio income rose 5% to $271 million and LTM Adjusted EBITDA grew 9% to $1.4 billion, but total revenues fell 8% to $286 million, cash collections slipped to $536 million from $542 million, and adjusted diluted EPS declined to $0.39 from $0.53.
Management highlighted the PRA 3.0 strategy, with the adjusted cash efficiency ratio improving more than 200 basis points to 63% on cost reductions. Portfolio purchases were $229 million and estimated remaining collections stood at $8.8 billion, up 5%.
Post-quarter, the company issued $400 million of senior notes due 2033, extending its debt maturity profile and enhancing funding flexibility.
• 3d ago AI analysis › Press Release
PRA Group célèbre ses 30 ans d'activité en sonnant la cloche d'ouverture du Nasdaq
prnewswire.com • 5d ago Press Release
PRA Group Celebrates 30 Years of Business by Ringing Nasdaq Opening Bell
PRA Group marked its 30th anniversary by ringing the Nasdaq Opening Bell, with CEO Martin Sjolund and co-founder Steve Fredrickson presiding.
Founded in Norfolk, Virginia in 1996, the nonperforming-loan acquirer now operates in 18 countries and has been publicly traded since 2002.
Sjolund reiterated the PRA 3.0 strategy introduced earlier this year, aimed at becoming a technology-enabled global allocator of capital, but no new financial details were disclosed.
• 6d ago AI analysis › Press Release
PRA Group to Announce Third Quarter 2026 Results on November 5
PRA Group will report its third quarter 2026 results after market close on Thursday, November 5, 2026.
A webcast and conference call will follow at 5 p.m. E.T., with slides available on the company's investor relations website and a replay accessible until November 12, 2026.
• 25d ago AI analysis › Press Release ⚠ 2
PRA Group Announces Pricing of Offering of $400.0 Million of 8.500% Senior Notes due 2033
PRA Group priced a private offering of $400.0 million of 8.500% senior notes due 2033, expected to close on or about October 2, 2026.
The notes are senior unsecured and guaranteed by domestic subsidiaries that are borrowers or guarantors under the North American Credit Agreement.
Proceeds plus available cash will repay approximately $400.0 million of revolver borrowings, making the deal leverage-neutral but locking in a relatively high 8.5% coupon.
• 1mo ago AI analysis › Press Release
PRA Group Announces Proposed Offering of $400.0 Million of Senior Notes due 2033
PRA Group announced a proposed private offering of $400.0 million of senior notes due 2033, subject to market conditions.
The notes will be senior unsecured and guaranteed by domestic subsidiaries under the North American Credit Agreement, offered to qualified institutional buyers under Rule 144A and offshore under Regulation S.
Proceeds plus available cash will repay roughly $400.0 million drawn on the North American revolving credit facility, making this effectively a refinancing rather than new leverage.
• 1mo ago AI analysis › Press Release
PRA Group to Present at the 2026 Midwest IDEAS Conference on Wednesday, August 26
PRA Group management is scheduled to present at the 2026 Midwest IDEAS Conference in Chicago on Wednesday, August 26 at 11:15 a.m. Central time.
A live webcast of the presentation and accompanying slides will be accessible via the company's investor relations website.
Investors can contact PRA Group's investor relations department to schedule one-on-one meetings or request additional information.
• 2mo ago AI analysis › Press Release ● Major ⚠ 2
PRA Group Reports Second Quarter 2026 Results
PRA Group reported Q2 2026 net income of $58 million, or $1.51 per diluted share, driven by a 4% increase in total cash collections to $559 million and a 10% rise in Adjusted EBITDA to $1.4 billion.
Operational highlights included a $349 million increase in European Estimated Remaining Collections (ERC) following a comprehensive portfolio review, bringing total ERC to $8.9 billion, alongside continued execution of cost reductions under the PRA 3.0 strategy.
The company returned capital to shareholders by repurchasing $10 million of stock and authorized a new $150 million share repurchase program, while maintaining a disciplined investment approach with $297 million in portfolio purchases.
• 3mo ago AI analysis › Press Release
PRA Group to Announce Second Quarter 2026 Results on August 6
PRA Group scheduled the release of its second quarter 2026 financial results for after the market closes on August 6, 2026.
Management will host a conference call and webcast to discuss the results at 5 p.m. Eastern Time on the same day.
Investors can access the live call via the company's investor relations website or by telephone, with a replay available until August 2027.
• 3mo ago AI analysis › Press Release ● Major
PRA Group Reports First Quarter 2026 Results
PRA Group reported a strong start to 2026 with Q1 cash collections growing 11% year-over-year to $551.9 million and net income attributable to the company rising to $28.2 million.
Adjusted EBITDA for the trailing twelve months increased 13.9% to $1.3 billion, outpacing cash collections growth as the company gained operating leverage.
Management remains on track with its PRA 3.0 strategy, highlighting continued momentum in the U.S. business and strong results in Europe, while maintaining a disciplined investment approach with $221 million in portfolio purchases.
• 6mo ago AI analysis › Press Release
PRA Group Announces Amendment and Extension of European Credit Agreement
PRA Group amended its European Credit Agreement, extending the maturity of the €730 million facility to April 2031.
The transaction was completed well in advance of the original November 2027 maturity, with no changes to the commitment level or pricing.
CFO Rakesh Sehgal noted that the amendment staggers the debt maturity profile and supports the PRA 3.0 strategy by ensuring no maturities until 2028.
• 6mo ago AI analysis › Press Release
PRA Group to Announce First Quarter 2026 Results on May 7
PRA Group, Inc. will release its first quarter 2026 financial results after the market closes on Thursday, May 7, 2026.
Management will host a conference call and webcast to discuss the results at 5 p.m. E.T. on the same day.
Investors can access the live event via the company's investor relations website or by dialing the provided U.S. or international phone numbers.
• 6mo ago AI analysis › 
