secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001185348-24-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PRA Group reports Q2 net income $21.5M ($0.54 EPS) vs loss a year ago; cash collections up 13%
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- Net income $21.5M ($0.54 diluted EPS) vs net loss $3.8M in Q2 2023.
- Total cash collections $473.9M, up 13% YoY, driven by U.S. and Europe.
- Total portfolio purchases $379.4M, third-highest quarterly in five years.
- Operating expenses $195.0M, up 19.1% YoY on legal channel investments.
- Forward flow commitments $385.6M; credit availability $1.4B as of June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534824000040/0001185348-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534824000040/praa-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001185348-24-000040

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