PRA GROUP INC (PRAA) Form 10-Q — Aug 7, 2026

$PRAAForm 10-QFiled Aug 7, 2026, 4:15 PM ET0001185348-26-000028Original filing

PRA Group's second quarter 2026 net income attributable to the company jumped 36.7% year over year to $57.9 million, with diluted EPS of $1.51 versus $1.08, as total revenues climbed 29.4% to $372.2 million. Year-to-date net income rose 87.1% to $86.1 million. The quarter was powered by $96.9 million of changes in expected recoveries, up 191% year over year, including an approximately $105 million positive forecast revision across a majority of European portfolios after sustained cash collections overperformance. European adjusted segment operating income more than doubled to $168.1 million while the U.S.

Key figures

Eps: $1.51 diluted Q2 2026 (vs $1.08 prior year); $2.24 YTD (vs $1.16)
Revenue: $686.7 million YTD 2026 ($372.2 million in Q2)
Net Income: $57.9 million Q2 2026 attributable to PRA Group (+36.7%); $86.1 million YTD (+87.1%)
Total Debt: $3.76 billion borrowings
Revenue Yoy: +23.2% YTD; +29.4% Q2
Cash Position: $132.4 million
Shares Outstanding: 37,648,006 as of July 31, 2026
Roe q2: 22.6%
Headcount: 2,417 FTEs (-16.6% YoY)
Q2 buybacks: 587,642 shares at $17.02 average for $10.0 million
Ytd buybacks: 1,134,323 shares at $17.63 average for $20.0 million
Adjusted ebitda ltm: $1.36 billion (+9.6% YoY)
Cash collections q2: $558.5 million (+4.2% YoY); $1.11 billion YTD (+7.4%)
Portfolio purchases q2: $296.6 million (-14.4% YoY); $517.4 million YTD (-18.9%)
Adjusted net income ltm: $142.4 million
Prior buyback remaining: $27.7 million as of June 30, 2026
Forward flow commitments: approximately $218.7 million over next 12 months
Ltm net loss attributable: $(265.0) million, including $412.6 million goodwill impairment
New buyback authorization: $150 million approved August 3, 2026
European forecast adjustment: approximately $105 million positive
Estimated remaining collections: $8.9 billion (U.S. 40.4%, Europe 54.0%)
Changes in expected recoveries q2: $96.9 million (+191.1% YoY)

Price after filing

1 day: +15.1%7 days: +19.8%30 days: +10.6%

Close on the filing date to close N calendar days later (from $17.19). Historical, not a forecast.

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