PRA Group, Inc. filings document the regulatory record of a specialty finance company that purchases and collects nonperforming loan portfolios. Recent Form 8-K reports furnish operating results, earnings releases and Regulation FD presentation materials covering cash collections, portfolio purchases, estimated remaining collections, profitability measures and segment performance.
The company’s filings also record capital-structure and financing matters, including amendments to its European revolving credit facility and senior notes issued through a wholly owned European subsidiary. Proxy materials disclose board matters, executive compensation and shareholder voting items, while material-event filings describe debt obligations, guarantees, credit-agreement terms and related governance disclosures.
PRA Group Inc. director Jayne-Anne Gadhia reported equity compensation and related tax withholding in company stock. She received a grant of 10,543 shares of Common Stock as a director retainer award in the form of restricted stock units under the 2022 Omnibus Incentive Plan. The filing also shows 3,223 shares withheld to cover tax liabilities tied to the vesting of restricted stock units, which is not an open-market sale. After these transactions, she directly holds 23,387 shares of PRA Group Inc. common stock.
PRA Group Inc President and CEO Martin Sjolund reported a routine tax-related share disposition. On the vesting of restricted stock units, 9,772 shares of common stock were withheld to cover associated tax liabilities at a value of $15.65 per share. This was not an open-market sale but an automatic tax-withholding mechanism. After this transaction, Sjolund directly holds 263,586 shares of PRA Group common stock.
PRA Group Inc. director Geir Olsen reported routine equity compensation and related tax withholding. Olsen received a grant of 10,543 shares of Common Stock as a director retainer award in the form of restricted stock units under the 2022 Omnibus Incentive Plan, at zero cost per share.
Footnotes state the RSUs will fully vest on June 16, 2027, or the next annual meeting date, whichever occurs first, if he remains a director. To cover tax liabilities on RSU vesting, 3,223 shares were disposed of at $15.50 per share. Following these transactions, Olsen directly holds 28,228 shares and indirectly holds 58,933 shares through Andenes Investments SL.
PRA Group, Inc. reported significantly stronger results for the quarter ended March 31, 2026, driven by higher collections and better portfolio performance in the U.S. and Europe. Net income attributable to PRA Group rose to $28.2 million from $3.7 million a year earlier, with diluted EPS increasing to $0.73 from $0.09.
Total revenues grew 16.7% to $314.5 million, as portfolio income increased and changes in expected recoveries contributed $43.9 million, reflecting collections outperforming forecasts and upward revisions to future recovery expectations, especially in Europe. Operating expenses rose 8.3%, mainly from higher legal collection and agency costs tied to expanded legal activity, but grew slower than revenue, lifting income from operations to $103.3 million from $74.6 million.
Cash collections reached $551.9 million, up 11.0%, and estimated remaining collections stood at $8.55 billion, with roughly half in Europe and 43% in the U.S. Finance receivables, net, were $4.64 billion, and borrowings were $3.78 billion. The company repurchased $10.0 million of stock and maintained ample liquidity, with nearly $1.0 billion of credit availability and a recently extended European revolving credit facility.
PRA Group, Inc. reported sharply improved first quarter 2026 results, with total revenues of $314.5 million and net income attributable to the company of $28.2 million, or $0.73 diluted EPS, up from $3.7 million and $0.09 a year earlier.
Total cash collections rose 11.0% to $551.9 million, driven by U.S. core and European portfolios, while portfolio revenue increased 16.6% to $313.5 million. Operating expenses grew to $211.3 million, largely from higher legal collection costs to support future growth, and net interest expense was $63.5 million.
The company purchased $220.9 million of nonperforming loan portfolios in the quarter and reported estimated remaining collections of $8.5 billion, up 9.5%. For the twelve months ended March 31, 2026, Adjusted EBITDA was $1.35 billion, up 13.9%, and return on average tangible equity for the quarter was 11.7%.
PRA Group, Inc. entered into a Second Amended and Restated European Credit Agreement for its €730 million revolving credit facility. The amendment extends the facility’s maturity from November 23, 2027 to April 30, 2031, giving the company a longer-term funding backstop.
The revised agreement reduces the maximum ERC ratio from 45.0% to 40.0% and, subject to conditions, permits investments in or loans to joint ventures up to an aggregate €100 million. A related press release highlights that commitment level and pricing remain unchanged, and notes the company now has no debt maturities until 2028, supporting its PRA 3.0 capital structure strategy.
PRA Group Inc is reported to have 1,943,981 shares beneficially owned by Vanguard Capital Management under a Schedule 13G, representing 5.05% of the class. The filing shows sole voting power for 289,485 shares and sole dispositive power for 1,943,981 shares. The Schedule 13G is signed by Ashley Grim on 04/30/2026.
PRA Group, Inc. is asking stockholders to vote at its virtual 2026 Annual Meeting on June 16, 2026. Investors will elect nine directors, ratify Ernst & Young LLP as auditor, cast an advisory vote on executive pay and consider increasing share authorization under the 2022 Omnibus Incentive Plan.
The company highlights 2025 performance with $1.2 billion in global portfolio purchases, $8.6 billion in estimated remaining collections (up 15%) and $2.1 billion in total cash collections (up 13%). Total portfolio revenue reached $1.2 billion (up 8%), while reported net income was a loss of $305 million versus prior-year income of $71 million. Adjusted net income was $73 million and Adjusted EBITDA was $1.3 billion (up 16%).
Governance features include a largely independent board, separate Executive Chairman and CEO roles, majority voting for directors, stock ownership guidelines, and clawback, anti-hedging and anti-pledging policies. In 2025 the company held 60 investor meetings with holders representing over 51% of shares outstanding.
The Vanguard Group filed an amendment to its Schedule 13G/A reporting beneficial ownership in PRA Group Inc common stock. The amendment states 0 shares beneficially owned, representing 0% of the class, following an internal realignment effective 01/12/2026. The filing is signed on 03/27/2026.