---
schema_version: "secwatch.filing_event.v1"
accession: "0001185348-26-000025"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2026-08-06T20:07:42+00:00"
generated_at: "2026-08-06T20:09:50.906032+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PRA Group Q2 net income $58M, EPS $1.51; European ERC up $349M; new $150M buyback

## Summary
- Net income $58M ($1.51 diluted EPS); total cash collections $559M (+4% YoY); ERC $8.9B (+7%).
- European ERC increased ~$349M after comprehensive review reflecting sustained overperformance; changes in expected recoveries $97M.
- Portfolio purchases $297M; new $150M share repurchase program authorized Aug 3, 2026; $10M repurchased in Q2.
- Operating expenses $219M (+$16M) driven by legal collection costs; compensation down $5M on cost actions.
- Adjusted EBITDA (TTM) $1.4B (+10%); cash efficiency ratio 61%.

## SEC filing metadata
- accession: 0001185348-26-000025
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2026-08-06T20:07:42+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000118534826000025/0001185348-26-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000118534826000025/praa-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185348-26-000025
- JSON: https://secwatch.observer/filing/0001185348-26-000025.json
- Plain text: https://secwatch.observer/filing/0001185348-26-000025.txt

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