---
schema_version: "secwatch.filing_event.v1"
accession: "0001084961-24-000006"
form_type: "8-K"
ticker: "ECPG"
cik: "0001084961"
company_name: "ENCORE CAPITAL GROUP INC"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:39:38.711208+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Encore Capital reports FY2023 net loss of $206.5M, driven by $238.2M goodwill impairment

## Summary
- Full-year 2023 GAAP net loss $206.5M ($8.72 loss per share) vs net income $194.6M ($7.46 EPS) in 2022.
- Revenue $1,222.7M, down 13% YoY; collections $1,862.6M, down 3%.
- Portfolio purchases increased 34% to $1.074B, with a record $815M in the U.S.
- Goodwill impairment of $238.2M ($10.06/share) drove net loss; no liquidity impact.
- Management expects portfolio purchases and collections to grow in 2024; Q1 committed purchases $230M.

## SEC filing metadata
- accession: 0001084961-24-000006
- form_type: 8-K
- ticker: ECPG
- cik: 0001084961
- company_name: ENCORE CAPITAL GROUP INC
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084961/000108496124000006/0001084961-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084961/000108496124000006/ecpg-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084961-24-000006
- JSON: https://secwatch.observer/filing/0001084961-24-000006.json
- Plain text: https://secwatch.observer/filing/0001084961-24-000006.txt

## Key facts
- Earnings Releases
  ENCORE CAPITAL GROUP INC reported financial results for the quarter and full fiscal year ended December 31, 2023.
  - Period: the quarter and full fiscal year ended December 31, 2023
  - Result: reported results
  source text: On February 21, 2024, Encore Capital Group, Inc. ("Encore") issued a press release announcing its financial results for the quarter and full fiscal year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084961/000108496124000006/0001084961-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.