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.
Key figures
- Eps
- 0.39
- Revenue
- 286266000
- Revenue Yoy
- -8%
- Erc
- 8793635000
- Erc yoy
- 5%
- Cash collections
- 535643000
- Portfolio income
- 270779000
- Effective tax rate
- 16%
- Adjusted ebitda ltm
- 1377754000
- Adjusted ebitda yoy
- 9%
- Portfolio purchases
- 228745000
- Senior notes issued
- 400000000
- Adjusted diluted eps
- 0.39
- Portfolio income yoy
- 5%
- Senior notes maturity
- 2033
- Forward flow commitments
- 438000000
- Adjusted cash efficiency ratio
- 63%
- Goodwill impairment prior year
- 412611000
- Adjusted diluted eps prior year
- 0.53
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