PRA Group, Inc. reports news on its specialty finance business acquiring, collecting and managing nonperforming loan portfolios. Company updates commonly cover cash collections, portfolio purchases, estimated remaining collections, net income, adjusted EBITDA and performance across its U.S. and European businesses.
Recurring announcements also address capital structure actions, including European credit facilities and senior notes, as well as investor presentations, strategy updates, office and talent-hub expansion, and financial-inclusion initiatives tied to the company’s work with consumers resolving debt in the Americas, Europe and Australia.
PRA Group (Nasdaq: PRAA) reported third-quarter 2026 net income attributable to the company of $15 million, returning to profit year over year. Diluted earnings were $0.39 per share, versus a $10.43 loss a year earlier. Total revenue fell to $286.266 million from $311.140 million, while portfolio income rose 5% to $271 million. Cash collections declined to $535.643 million from $542.244 million.
Operating expenses fell to $200.363 million from $626.687 million; the prior-year quarter included a $412.611 million goodwill impairment. Adjusted operating expenses declined $14 million. Estimated remaining collections—projected future portfolio collections—rose 5% to $8.8 billion. Portfolio purchases totaled $229 million. In October, PRA issued $400 million of senior notes due 2033, extending its debt maturity profile.
PRA Group (Nasdaq: PRAA) celebrated its 30th anniversary by ringing the Nasdaq Stock Market Opening Bell in New York City's Times Square. President and CEO Martin Sjolund rang the bell alongside co-founder and Executive Chairman Steve Fredrickson, senior leaders and employees. Founded in Norfolk, Virginia, in 1996, the company has portfolio operations in 18 countries and has been publicly traded since 2002.
PRA Group (Nasdaq: PRAA) will report its third quarter 2026 results after market close on November 5, 2026. A webcast and conference call will follow at 5 p.m. E.T., with webcast access and corresponding slides available on the company's investor relations website.
PRA Group (Nasdaq: PRAA) priced an offering of $400.0 million in senior notes to refinance borrowings under its revolving credit facility. The notes carry an 8.500% rate and mature in 2033. Closing is expected on or about October 2, 2026. PRA Group intends to use net proceeds and available cash to repay approximately $400.0 million under its North American revolving credit facility.
PRA Group (PRAA) plans a private offering of $400.0 million in senior notes, subject to market and other conditions. The notes are due 2033. PRA Group intends to use the net proceeds and available cash to repay approximately $400.0 million of borrowings under its North American revolving credit facility. Existing and future domestic subsidiaries that borrow or guarantee debt under its North American Credit Agreement would guarantee the notes on a senior unsecured basis.
PRA Group (Nasdaq: PRAA) announced that its management is scheduled to present at the 2026 Midwest IDEAS Conference in Chicago, Illinois, on Wednesday, August 26, 2026, at 11:15 a.m. Central time. A live webcast and presentation slides will be available on the company’s investor relations website.
PRA Group (Nasdaq: PRAA) reported Q2 2026 net income attributable to the company of $58 million, or $1.51 diluted EPS, supported by a comprehensive review of European portfolios that produced an approximately $349 million increase in European estimated remaining collections (ERC).
Total cash collections rose 4% year over year to $559 million, while ERC reached $8.9 billion, up 7%. Total portfolio revenue increased 28% to $365 million, driven by 7% growth in portfolio income to $268 million and higher positive changes in expected recoveries of $97 million. For the 12 months ended June 30, 2026, Adjusted EBITDA was $1.4 billion, up 10%.
Operating expenses rose to $219 million, including $5 million of U.S. reorganization costs, and net interest expense increased to $64 million. PRA Group purchased $297 million of nonperforming loan portfolios, had $219 million in estimated forward flow commitments, $998 million of credit availability, repurchased $10 million of shares, and obtained board authorization for a new $150 million share repurchase program.
PRA Group (Nasdaq: PRAA) will report its second quarter 2026 financial results after market close on Thursday, August 6, 2026, followed by a webcast and conference call at 5 p.m. E.T.. Investors can access the live webcast, slides, and replay via PRA Group's investor relations website or by phone using the provided U.S. and international dial-in numbers and replay access code within the stated availability periods.
PRA Group (Nasdaq: PRAA) reported Q1 2026 results on May 7, 2026, with total cash collections of $551.9M (up 11.0% YoY) and net income of $28.2M (diluted EPS $0.73). Adjusted EBITDA for the 12 months ended March 31, 2026 was $1.3B (up 13.9%).
Estimated remaining collections were $8.5B (up 9.5%). Portfolio purchases totaled $220.9M. Cash efficiency ratio improved to 61.8%. Credit availability was $996.0M.
PRA Group (Nasdaq: PRAA) amended and extended its European credit agreement on April 30, 2026, keeping the total commitment at €730 million and extending the facility maturity to April 2031.
The company said the amendment leaves commitment level and pricing unchanged, staggers its debt maturity profile, and maintains ample liquidity with no maturities until 2028.