Every 10-Q that Encore Cap Group Inc (ECPG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ECPG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ECPG filings page.
Encore Capital Group reported higher results for the three and six months ended June 30, 2026. Total revenues reached $491,872 thousand in Q2 and $967,283 thousand year‑to‑date, up from $442,122 thousand and $834,897 thousand in 2025, driven mainly by stronger portfolio revenue and higher recoveries from purchased debt.
Q2 net income was $63,999 thousand (diluted EPS $2.81), with six‑month net income of $150,242 thousand (diluted EPS $6.66), both above prior‑year levels. Receivable portfolios, net increased to $4,609,705 thousand, supported by portfolio purchases of $806,656 thousand in the first half. Borrowings totaled $4,179,515 thousand, as the company issued new 2032 and 2033 senior secured notes and redeemed older notes, recording a $30,533 thousand loss on extinguishment of debt. Cash was $182,932 thousand, and the company remained in compliance with financing covenants.
Encore Capital Group delivered significantly stronger quarterly results. For the three months ended March 31, 2026, revenue rose to $475.4 million from $392.8 million, driven by higher portfolio revenue and better-than-expected recoveries on purchased debt.
Net income nearly doubled to $86.2 million, with diluted earnings per share increasing to $3.86 from $1.93. Collections from purchased receivables reached $718.4 million, up 18.8%, mainly from U.S. portfolios. Operating margins improved as revenue growth outpaced higher legal and compensation costs, while the company continued to deploy capital heavily into U.S. debt portfolios and remained in compliance with its financing covenants.
Encore Capital Group (ECPG) reported stronger Q3 2025 results. Total revenues were $460.353 million, up from $367.071 million a year ago. Net income rose to $74.660 million from $30.643 million, with diluted EPS of $3.17 versus $1.26.
Debt purchasing drove performance: portfolio revenue reached $370.126 million and changes in recoveries added $63.636 million as collections outperformed forecasts, especially in the U.S. Operating income was $173.178 million, offset by interest expense of $74.242 million.
On the balance sheet, receivable portfolios, net, were $4.270 billion and total borrowings were $3.934 billion as of September 30, 2025. Year to date, operating cash flow was $136.388 million; the company invested $1.066 billion in portfolio purchases and repurchased and retired $35.329 million of common stock (951,098 shares). Subsequent to quarter-end, the company issued $500.0 million of 6.625% Senior Secured Notes due April 2031 and settled $100.0 million 2025 Convertible Notes in cash for $106.2 million, funded via its Global Senior Facility.
Encore Capital Group (ECPG) posted strong Q2-25 results. Revenue climbed 24% YoY to $442 M, driven by a 27% increase in debt-purchasing income. Operating income rose 48% to $151 M, expanding the operating margin to 34.1% (vs. 28.7%). Net income reached $58.7 M, up 82%, with diluted EPS of $2.49 (+86%). For 1H-25, revenue grew 22% to $835 M and net income nearly doubled to $105.5 M, boosting diluted EPS to $4.41.
Balance sheet trends. Receivable portfolios advanced 11% to $4.19 B, reflecting $735 M of new portfolio purchases. Total assets increased to $5.19 B, while borrowings expanded by $293 M to $3.97 B; leverage (debt/equity) now approximates 4.4×. Cash fell to $172.9 M as operating cash flow dropped to $54.8 M and portfolio purchases absorbed $725 M.
Capital actions & liquidity. The company repurchased 0.71 M shares for $25.0 M under its $300 M authorization. Global Senior Facility capacity stands at $397 M; a recent upsizing extends maturity to 2029. Weighted-average borrowing costs declined ~130 bp YoY across major facilities.
Comprehensive income improved by $28.1 M in Q2 on favorable FX translation. AOCI loss narrowed to $119.5 M. Effective tax rate was 24.7%.
Key watch-points: rising interest expense (+20% YoY) and negative free cash flow; leverage remains elevated, though hedging limits rate risk and new credit lines extend runway.