---
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"
generated_at: "2026-06-02T21:47:19.888221+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PRA Group returns to profitability in Q1 2024; EPS of $0.09 vs. ($1.50) loss

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185348-24-000022
- JSON: https://secwatch.observer/filing/0001185348-24-000022.json
- Plain text: https://secwatch.observer/filing/0001185348-24-000022.txt

## Key facts
- Earnings Releases
  PRA GROUP INC reported first quarter of 2024 results: revenue $253.7 million, net income $3,475, EPS $0.09. Guidance reaffirmed.
  - Period: first quarter of 2024
  - Revenue: $253.7 million
  - Net income: $3,475
  - EPS: $0.09
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1185348/000118534824000022/0001185348-24-000022-index.htm

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