secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001185348-26-000019
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 Q1 2026: Net income $28.2M, cash collections up 11% YoY to $551.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534826000019/0001185348-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534826000019/praa-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001185348-26-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer