earnings
confidence high
sentiment positive
materiality 0.75
PRA Group Q4 net income $18.5M, EPS $0.47; full-year profitable, record portfolio purchases $1.4B
PRA GROUP INC
2024-FY EPS reported
$1.79
revenue$1,114,524,000
- Full-year 2024 net income $70.6M ($1.79 diluted EPS) vs 2023 net loss of $83.5M ($2.13 loss per share).
- Record portfolio purchases of $1.4B in 2024 (+22% YoY); Q4 purchases $432.7M.
- Total cash collections $1.9B (+13% YoY); Q4 collections $468.1M (+14.1% YoY).
- 2025 targets raised: $1.2B portfolio investments, high single-digit cash collections growth, 60%+ cash efficiency ratio.
- Adjusted EBITDA of $1.1B for full year 2024; ERC at $7.5B as of Q4 2024.