secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2026-08-06T20:07:42+00:00
Accession:  0001185348-26-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534826000025/0001185348-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534826000025/praa-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001185348-26-000025

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