---
schema_version: "secwatch.filing_event.v1"
accession: "0001185348-23-000035"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T19:09:54.429584+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001185348-23-000035
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000118534823000035/0001185348-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000118534823000035/praa-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185348-23-000035
- JSON: https://secwatch.observer/filing/0001185348-23-000035.json
- Plain text: https://secwatch.observer/filing/0001185348-23-000035.txt

## Key facts
- Earnings Releases
  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
  source text: Net income/(loss) attributable to PRA Group, Inc. $ (12,262)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1185348/000118534823000035/0001185348-23-000035-index.htm

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