---
schema_version: "secwatch.filing_event.v1"
accession: "0001185348-26-000019"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:25:03.903953+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PRA Group Q1 2026: Net income $28.2M, cash collections up 11% YoY to $551.9M

## Summary
- Net income $28.2M ($0.73 diluted EPS); cash collections $551.9M, up 11% YoY.
- Portfolio revenue $313.5M (+16.6%); Adjusted EBITDA LTM $1.3B (+13.9%).
- Portfolio purchases $220.9M; ERC $8.5B (+9.5%); credit availability $996M.
- Operating expenses $211.3M, up $16.2M on higher legal collection costs; compensation and benefits down.
- PRA 3.0 strategy ongoing: modernizing tech, launching UK mobile app, global AI initiatives.

## SEC filing metadata
- accession: 0001185348-26-000019
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2026-05-07T23:59:59+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/1185348/000118534826000019/0001185348-26-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000118534826000019/praa-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185348-26-000019
- JSON: https://secwatch.observer/filing/0001185348-26-000019.json
- Plain text: https://secwatch.observer/filing/0001185348-26-000019.txt

## Key facts
- Earnings Releases
  PRA GROUP INC reported first quarter of 2026 results: revenue $313.5 million, net income $28.2 million, EPS $0.73.
  - Period: first quarter of 2026
  - Revenue: $313.5 million
  - Net income: $28.2 million
  - EPS: $0.73
  - Result: reported results
  source text: returns. • Changes in expected recoveries in Q1 2026 increased to $43.9 million, compared to $27.9 million in Q1 2025. • Total portfolio revenue in Q1 2026 increased 16.6% to $313.5 million, compared to $268.9 million in Q1 2025. Expenses 1. Reflects total cash collections in South America, Canada and Australia. • Operating expenses in Q1 2026 increased $16.2
  evidence_url: https://www.sec.gov/Archives/edgar/data/1185348/000118534826000019/0001185348-26-000019-index.htm

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