---
schema_version: "secwatch.filing_event.v1"
accession: "0001185348-22-000029"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:07:04.795892+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PRA Group Q3 net income $24.7M ($0.63 EPS); cash collections down 15.6% YoY

## Summary
- Diluted EPS $0.63 vs $0.76 in Q3 2021; net income $24.7M, down 28%.
- Total cash collections $412.3M, down 15.6% (or 10.7% constant currency) from $488.4M a year ago.
- Portfolio purchases $183.1M, down from $391.9M Q3 2021; forward flow commitments $1.0B.
- U.S. call center collections fell 29.3% due to lower purchases; Europe cash collections up 4.2% constant currency.
- Repurchased $25M of common stock (0.7M shares); $67.7M remaining under buyback plan.

## SEC filing metadata
- accession: 0001185348-22-000029
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000118534822000029/0001185348-22-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000118534822000029/praa-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185348-22-000029
- JSON: https://secwatch.observer/filing/0001185348-22-000029.json
- Plain text: https://secwatch.observer/filing/0001185348-22-000029.txt

## Key facts
- Earnings Releases
  PRA GROUP INC reported the third quarter of 2022 results: EPS $0.63.
  - Period: the third quarter of 2022
  - EPS: $0.63
  - Result: reported results
  source text: • Diluted earnings per share were $0.63. • Common stock repurchases 3 of $25.0 million, or 0.7 million shares. • Debt to Adjusted EBITDA 4 for the 12 months ended September 30, 2022 was 2.04x.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1185348/000118534822000029/0001185348-22-000029-index.htm

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