PRA Group posts Q3 net loss of $12.3M; portfolio purchases up 70% YoY to $311M

PRA GROUP INC

2023-Q3 EPS reported -$1.91 revenue$581,136,000

Diluted EPS of $(0.31) vs $0.63 in Q3 2022; net loss of $12.3M includes $5.0M impairment charge.
Total portfolio purchases surged 69.9% YoY to $311.2M; Americas/Australia purchases highest since 2017.
Cash collections $419.6M, up 1.8% YoY; ERC grew for second consecutive quarter to $6.0B.
Operating expenses $173.4M, down 0.4% YoY; ex-impairment would be $168.4M.
Debt to Adj. EBITDA at 2.84x; total credit availability $1.3B as of Sept 30, 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PRA GROUP INC reported third quarter of 2023 results: net income (12,262), EPS (0.31).

Period: third quarter of 2023
Net income: (12,262)
EPS: (0.31)
Result: reported results

Exact text from the filing

Net income/(loss) attributable to PRA Group, Inc. $ (12,262)

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

PRA GROUP INC filing history →

Source: SEC EDGAR

accession 0001185348-23-000035

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