secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001185348-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534823000035/0001185348-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534823000035/praa-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001185348-23-000035

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