secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001185348-25-000003
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 Q4 net income $18.5M, EPS $0.47; full-year profitable, record portfolio purchases $1.4B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534825000003/0001185348-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534825000003/praa-20250219.htm
  HTML page:      https://secwatch.observer/filing/0001185348-25-000003

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