---
schema_version: "secwatch.filing_event.v1"
accession: "0001185348-24-000050"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T05:48:15.750844+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PRA Group Q3 net income $27.2M ($0.69 EPS) vs year-ago loss; raises 2024 ROATE target to 8%+

## Summary
- Net income $27.2M ($0.69 diluted EPS) vs net loss of $12.3M ($0.31 loss) in Q3 2023; includes $0.20 tax benefit.
- Total cash collections $477.1M, up 13.7% YoY; record ERC of $7.3B.
- Portfolio purchases $350M; forward flow commitments of $491.1M over next 12 months.
- 2024 cash efficiency target ~60%; ROATE target raised to 8%+ (from 6%-8%).
- 2025 targets: portfolio >$1B, cash collections growth 8%-10%, double-digit ROATE.

## SEC filing metadata
- accession: 0001185348-24-000050
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1185348/000118534824000050/0001185348-24-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000118534824000050/praa-20241104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185348-24-000050
- JSON: https://secwatch.observer/filing/0001185348-24-000050.json
- Plain text: https://secwatch.observer/filing/0001185348-24-000050.txt

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