PRA GROUP INC (PRAA) Form 8-K — Nov 5, 2026
PRA Group (Nasdaq: PRAA) reported Q3 2026 net income attributable of $15 million, or diluted EPS of $0.39, swinging from a $(407.7) million loss in Q3 2025 that included a $413 million goodwill impairment. Total cash collections were $536 million and portfolio income grew 5% to $271 million. The PRA 3.0 cost strategy is showing operating leverage: the adjusted cash efficiency ratio improved more than 200 basis points to 63%, and LTM Adjusted EBITDA rose 9% to $1.4 billion. Total portfolio revenue nonetheless fell 8% to $285 million on lower changes in expected recoveries.
Key figures
- Eps
- 0.39
- Revenue
- 286266000
- Net Income
- 14892000
- Total Debt
- 3714739000
- Total Assets
- 5228968000
- Cash Position
- 139096000
- Portfolio income
- $271 million, up 5% YoY
- Effective tax rate
- 16%
- Adjusted ebitda ltm
- $1.4 billion, up 9%
- Portfolio purchases
- $229 million
- Prior year net loss
- $(407.7) million (included $413M goodwill impairment)
- Senior notes issued
- $400 million due 2033 (October 2026)
- Adjusted diluted eps
- $0.39 vs $0.53 in Q3 2025
- Cash efficiency ratio
- 63%
- Total cash collections
- $536 million
- Forward flow commitments
- $438 million over next 12 months
- Estimated remaining collections
- $8.8 billion, up 5%
AI analysis
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