{"schema_version":"secwatch.filing_event.v1","accession":"0001185348-24-000022","form_type":"8-K","ticker":"PRAA","cik":"0001185348","company_name":"PRA GROUP INC","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.566295+00:00","generated_at":"2026-06-02T21:47:19.888221+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"PRA Group returns to profitability in Q1 2024; EPS of $0.09 vs. ($1.50) loss","bullets":["Net income of $3.5M vs. ($58.6M) loss in Q1 2023; diluted EPS $0.09.","Total cash collections $449.5M, up 9.3% YoY; U.S. Core collections rose to $256.9M.","Portfolio purchases of $245.8M in Q1; forward flow commitments of $473.9M over 12 months.","Total portfolio revenue surged to $253.7M from $151.3M, driven by $51.7M in positive changes in recoveries.","Reiterates 2024 targets: double-digit cash collections growth, 60%+ cash efficiency ratio, 6%-8% ROATE."],"urls":{"canonical":"https://secwatch.observer/filing/0001185348-24-000022","json":"https://secwatch.observer/filing/0001185348-24-000022.json","markdown":"https://secwatch.observer/filing/0001185348-24-000022.md","text":"https://secwatch.observer/filing/0001185348-24-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1185348/000118534824000022/0001185348-24-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1185348/000118534824000022/praa-20240506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:47:19.888221+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":"6df32ca8b2433ba713f33acacb3969eda5ef9cd3","claim":"PRA GROUP INC reported first quarter of 2024 results: revenue $253.7 million, net income $3,475, EPS $0.09. Guidance reaffirmed.","evidence_excerpt":"first quarter of 2023 (\"Q1 2023\"). The increase was driven by higher cash collections in our U.S., Europe, and Brazil Core portfolios. • Total portfolio revenue in Q1 2024 was $253.7 million compared to $151.3 million in Q1 2023. Three Months Ended March 31, ($ in thousands) 2024 2023 Portfolio income $ 202,056 $ 188,242 Changes in expected future recoveries $ 15,836","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000118534824000022/0001185348-24-000022-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Revenue","value":"$253.7 million"},{"label":"Net income","value":"$3,475"},{"label":"EPS","value":"$0.09"},{"label":"Guidance","value":"reaffirmed"},{"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"}