For Q1 FY2026 (ended March 31, 2026), PRA Group reported revenue of $314.5 million, up 16.7% year-over-year. Net income surged to $28.2 million from $3.7 million in the prior-year quarter, a 671% increase. Diluted EPS rose to $0.73 from $0.09, and operating income grew 38.5% to $103.3 million. Cash stood at $124.8 million, and equity was $1.0 billion.
•Revenue increased 16.7% YoY to $314.5 million.
•Net income rose 671% YoY to $28.2 million.
•Diluted EPS grew 711% YoY to $0.73.
•Operating income improved 38.5% YoY to $103.3 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
PRA Group, Inc., a financial services company provides the purchase, collection, and management of nonperforming loan portfolios in the United States, Europe, the United Kingdom, South America, Canada, and Australia. The company purchases loans from credit originators who have chosen not to pursue, or have been unsuccessful in collecting, the full balance owed.
It also purchases loans in situations where the customer is involved in a bankruptcy or similar proceeding; and purchase and provide fee-based services for class action claims recoveries. Additionally, it is involved in core and insolvency nonperforming loans include general purpose and private label credit cards, consumer loans, auto loans, overdrafts and small business loans. Founded in 1996 and headquartered in Norfolk, Virginia, PRA was formerly known as Portfolio Recovery Associates, Inc. before rebranding in October 2014.
PRA Group, Inc. is a financial services company that specializes in the purchase, collection, and management of nonperforming loan portfolios. It acquires loans from credit originators that have chosen not to pursue or have been unsuccessful in collecting the full balance owed. The company also purchases loans in situations where the customer is involved in bankruptcy or similar proceedings, and it provides fee-based services for class action claims recoveries. Its portfolio includes core and insolvency nonperforming loans such as general purpose and private label credit cards, consumer loans, auto loans, overdrafts, and small business loans. PRA Group operates in the United States, Europe, the United Kingdom, South America, Canada, and Australia.
Where is PRA Group (PRAA) listed and in which currency?
PRA Group, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol PRAA. Its shares are traded in U.S. dollars (USD). The company is headquartered in Norfolk, Virginia, and its primary listing is on the Nasdaq exchange, which is one of the major stock exchanges in the United States.
What sector and industry does PRA Group (PRAA) belong to?
PRA Group operates in the Financial Services sector and is classified under the Credit Services industry. This means the company provides services related to credit and debt, specifically focusing on nonperforming loans. As a credit services firm, it purchases delinquent or defaulted debt from original lenders and then works to collect the outstanding balances. This industry includes companies that manage debt recovery, credit reporting, and related financial services.
Where is PRA Group headquartered and what markets does it serve?
PRA Group, Inc. is headquartered in Norfolk, Virginia, United States. The company serves a broad geographic footprint, operating in the United States, Europe, the United Kingdom, South America, Canada, and Australia. This international presence allows PRA Group to purchase and manage nonperforming loan portfolios across multiple regions, leveraging local expertise and regulatory knowledge to maximize recovery on the debts it acquires.
How does PRA Group (PRAA) make money?
PRA Group generates revenue primarily by purchasing nonperforming loan portfolios at a discount and then collecting on those debts. The company buys loans from credit originators such as banks and credit card issuers that have been unable to collect the full amount owed. PRA Group profits when the amount it collects exceeds the purchase price and collection costs. Additionally, it earns fee-based income by providing services for class action claims recoveries. The company's business model relies on its ability to efficiently manage and recover debts across various asset types, including credit cards, consumer loans, auto loans, overdrafts, and small business loans.