{"schema_version":"secwatch.filing_event.v1","accession":"0001084961-23-000052","form_type":"8-K","ticker":"ECPG","cik":"0001084961","company_name":"ENCORE CAPITAL GROUP INC","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.894863+00:00","generated_at":"2026-06-16T00:08:16.889844+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Encore Capital Q1 net income down 89% to $18.6M; portfolio purchases up 63% to $276M","bullets":["GAAP EPS $0.75 vs $6.40 YoY; net income $18.6M down from $175.7M; revenue $312.6M (-37%).","Collections $462.4M (-11%); US portfolio purchases record $213.5M (more than double Q1 2022).","European headcount reductions incurred $6M pre-tax charge ($0.19 per share impact).","Portfolio supply accelerating in US; management expects Q2 US purchases similar to Q1.","Estimated Remaining Collections (ERC) flat at $7.79B; operating expenses up 3%."],"urls":{"canonical":"https://secwatch.observer/filing/0001084961-23-000052","json":"https://secwatch.observer/filing/0001084961-23-000052.json","markdown":"https://secwatch.observer/filing/0001084961-23-000052.md","text":"https://secwatch.observer/filing/0001084961-23-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1084961/000108496123000052/0001084961-23-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1084961/000108496123000052/ecpg-20230503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T00:08:16.889844+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b4998bef46f2b462cf4cc4ae29db7cbbf4a5c884","claim":"ENCORE CAPITAL GROUP INC reported the first quarter ended March 31, 2023 results: revenue $312,630, net income $18,626, EPS $0.75.","evidence_excerpt":"First Quarter of 2023: Three Months Ended March 31, (in thousands, except percentages and earnings per share) 2023 2022 Change Collections $ 462,356 $ 519,414 (11)% Revenues $ 312,630 $ 499,682 (37)% Portfolio purchases (1) $ 276,431 $ 169,505 63% Estimated Remaining Collections (ERC) $ 7,789,980 $ 7,799,940 0% Operating expenses $ 242,492 $ 234,668 3% GAAP net","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1084961/000108496123000052/0001084961-23-000052-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$312,630"},{"label":"Net income","value":"$18,626"},{"label":"EPS","value":"$0.75"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}