secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001185348-23-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PRA Group reports Q2 net loss of $3.8M; portfolio purchases up 41.7% YoY to $327.8M
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- Diluted EPS of $(0.10) vs $0.91 in Q2 2022; net loss of $3.8M.
- Total portfolio revenue fell to $205.4M from $250.6M in prior year.
- Cash collections were $419.3M, down 5.6% YoY; European core collections rose.
- Portfolio acquisitions surged 41.7% to $327.8M, a Q2 record.
- Debt to Adjusted EBITDA at 2.76x; available liquidity $332.5M after borrowing base.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534823000031/0001185348-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534823000031/praa-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001185348-23-000031

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