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.
Key figures
- Eps
- 1.51
- Revenue
- 372174000
- Guidance
- Company expects higher levels of portfolio income going forward and more moderate levels of changes in expected recoveries over the long-term
- Revenue Yoy
- 29%
- Net income
- 58000000
- Adjusted ebitda
- 1400000000
- Cash collections
- 559000000
- Credit availability
- 998000000
- Portfolio purchases
- 297000000
- Share repurchase authorization
- 150000000
- Estimated remaining collections erc
- 8900000000
AI analysis
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