{"schema_version":"secwatch.filing_event.v1","accession":"0001185348-23-000017","form_type":"8-K","ticker":"PRAA","cik":"0001185348","company_name":"PRA GROUP INC","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.164733+00:00","generated_at":"2026-06-15T12:19:03.952065+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PRA Group reports Q1 loss of $58.6M; EPS $(1.50) on falling collections and revenue","bullets":["Net loss $58.6M; diluted EPS $(1.50) vs net income $40.0M and EPS $0.97 in Q1 2022.","Total cash collections $411.3M, down 14.5% YoY; U.S. call center collections down 30.2%.","Portfolio purchases $230.2M, up 56% YoY; total portfolio revenue fell to $151.3M from $237.4M.","Appointed Vikram Atal as president and CEO (March 2023) and Owen James as global investments officer (April 2023).","Operating expenses up 12.1% driven by $7.5M severance and $7.6M litigation costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001185348-23-000017","json":"https://secwatch.observer/filing/0001185348-23-000017.json","markdown":"https://secwatch.observer/filing/0001185348-23-000017.md","text":"https://secwatch.observer/filing/0001185348-23-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1185348/000118534823000017/0001185348-23-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1185348/000118534823000017/praa-20230508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T12:19:03.952065+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":"0191d3eba88f07344aa5d3e46e3df5b3d486cc45","claim":"PRA GROUP INC reported first quarter of 2023 results: net income $ (58,629), EPS $(1.50).","evidence_excerpt":"On May 8, 2023, PRA Group, Inc. (the “Company”) issued a press release announcing its first quarter 2023 results. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated into this Item 2.02 by reference.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000118534823000017/0001185348-23-000017-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Net income","value":"$ (58,629)"},{"label":"EPS","value":"$(1.50)"},{"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"}