---
schema_version: "secwatch.filing_event.v1"
accession: "0001185348-22-000015"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:14:50.414914+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PRA Group Q1 net income $40M ($0.97 EPS); revenue $240.6M; cash collections $481M

## Summary
- Net income attributable to PRA Group was $40.0M, down from $58.4M in Q1 2021; diluted EPS $0.97 vs $1.27.
- Total revenues $240.6M; cash collections $481.0M, down $74.9M YoY due to lower U.S. call center and legal collections.
- Portfolio purchases $147.5M, reflecting continued low U.S. supply and increased European competition.
- Repurchased 0.9M shares for $39.5M at avg $45.88; $127.7M remaining under authorization.
- Cash efficiency ratio 65.1%; available capacity under credit facilities $571.1M after borrowing base restrictions.

## SEC filing metadata
- accession: 0001185348-22-000015
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000118534822000015/0001185348-22-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000118534822000015/praa-20220509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185348-22-000015
- JSON: https://secwatch.observer/filing/0001185348-22-000015.json
- Plain text: https://secwatch.observer/filing/0001185348-22-000015.txt

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