---
schema_version: "secwatch.filing_event.v1"
accession: "0001185348-25-000010"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T16:38:02.866213+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PRA Group Q1 2025: portfolio purchases up 19%, record ERC $7.8B, net income $3.7M

## Summary
- Portfolio purchases $291.7M (+18.7% YoY); record ERC $7.8B (+20.1%).
- Total cash collections $497.4M (+10.7% YoY); cash efficiency ratio 60.8% (+284 bps).
- Net income $3.7M; diluted EPS $0.09 (flat YoY); adjusted EBITDA $1.2B (+13.5%).
- U.S. Q1 seasonal tax-refund collections below model, lowering profitability vs prior quarters.
- New CEO Martin Sjolund appointed; financial targets unchanged except return on tangible equity likely below ~12%.

## SEC filing metadata
- accession: 0001185348-25-000010
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000118534825000010/0001185348-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000118534825000010/praa-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185348-25-000010
- JSON: https://secwatch.observer/filing/0001185348-25-000010.json
- Plain text: https://secwatch.observer/filing/0001185348-25-000010.txt

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