PRA GROUP INC

Listed Company

PRAACIK 0001185348NasdaqLarge AcceleratedShort-Term Business Credit InstitutionsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.20B

Net Income

$-305.14M

Total Assets

$5.10B

Equity

$979.85M

Shares Out

38.45M

Op. Cash Flow

$-85.54M

Business

PRA Group Inc. is a global financial services company that purchases, collects and manages portfolios of nonperforming loans. It offers purchase and collection of Core and Insolvency nonperforming loan portfolios and fee-based claims recovery services, buying assets such as credit cards, consumer, auto, overdraft and small business loans. Key business segments include Core operations (purchasing and collecting general nonperforming loans), Insolvency operations (managing bankrupt or insolvent accounts) and digital/collections infrastructure. It operates across the Americas, Europe and Australia through forward-flow and spot sales, internal and external collections, legal recovery and digital channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Portfolio income	1,013	857	757	772	875
Changes in expected recoveries	177	241	29	169	198
Total portfolio revenue	1,190	1,098	786	941	1,073
Other revenue	12	16	16	25	23
Total revenues	1,202	1,115	803	967	1,096
Compensation and benefits	297	299	289	286	302
Legal collection costs	162	125	89	77	78
Legal collection fees	64	57	38	38	47
Agency fees	92	83	75	64	63
Professional and outside services	84	83	83	92	93
Communication	37	43	40	39	43
Rent and occupancy	15	17	17	19	18
Depreciation, amortization and impairment of long-lived assets	10	11	19	15	—
Goodwill impairment	413	0	0	—	—
Other operating expenses	58	57	52	51	61
Total operating expenses	1,232	775	702	681	721
Income/(loss) from operations	−30	340	100	286	375
Interest expense, net	−252	−229	−182	−131	−124
Gain on sale of equity method investment	38	0	0	—	—
Foreign exchange gain/(loss), net	755,000	−9,000	289,000	985,000	−809,000
Other expense	−336,000	−851,000	−2	−1	282,000
Income/(loss) before income taxes	−243	110	−83	155	250
Income tax expense/(benefit)	47	21	−16	37	55
Net income/(loss)	−290	89	−67	118	196
Net income attributable to noncontrolling interests	15	18	17	851,000	12
Net income/(loss) attributable to PRA Group, Inc.	−305	71	−83	117	183
Basic (USD per share)	−7.79	1.79	−2.13	2.96	4.07
Diluted (USD per share)	−7.79	1.79	−2.13	2.94	4.04
Basic (shares)	39	39	39	40	45
Diluted (shares)	39	40	39	40	45

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	104	106	113	83	88
Investments	67	66	72	80	93
Finance receivables, net	4,688	4,141	3,657	3,295	—
Income taxes receivable	18	20	28	32	41
Deferred tax assets, net	77	75	75	57	68
Right-of-use assets	29	32	46	55	57
Property and equipment, net	25	29	36	52	55
Goodwill	27	396	432	436	480
Prepaid expenses and other assets	69	65	—	—	—
Total assets	5,103	4,931	4,525	4,176	4,366
Accrued expenses and accounts payable	132	141	138	—	—
Income taxes payable	30	29	18	26	19
Deferred tax liabilities, net	17	17	17	43	37
Lease liabilities	32	36	50	59	61
Interest-bearing deposits	106	163	116	113	125
Borrowings	3,697	3,327	2,914	2,495	2,609
Other liabilities	49	24	33	34	—
Total liabilities	4,063	3,738	3,286	2,889	3,041
Preferred stock, $0.01 par value, 2,000 shares authorized, no shares issued and outstanding	0	0	0	0	0
Common stock, $0.01 par value; 100,000 shares authorized, 38,453 shares issued and outstanding as of December 31, 2025; 100,000 shares authorized, 39,510 shares issued and outstanding as of December 31, 2024	385,000	395,000	392,000	390,000	410,000
Additional paid-in capital	11	18	7	2	0
Retained earnings	1,255	1,560	1,490	1,573	1,553
Accumulated other comprehensive loss	−287	−443	−330	−348	−267
Total stockholders' equity - PRA Group, Inc.	980	1,135	1,167	1,228	1,286
Noncontrolling interests	60	59	72	59	38
Total equity	1,040	1,194	1,239	1,287	1,325
Total liabilities and equity	5,103	4,931	4,525	4,176	4,366

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Share-Based Payment Arrangement, Noncash Expense	16	14	11	13	16
Depreciation, Depletion and Amortization, and Impairment, Nonproduction	10	11	19	15	15
Amortization of Debt Issuance Costs and Discounts	8	11	9	10	10
Deferred Income Taxes and Tax Credits	6	−2	−36	607,000	7
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax	13	−5	17	−35	—
Other Noncash Income (Expense)	279,000	−2	−2	246,000	−211,000
Increase (Decrease) in Prepaid Expense and Other Assets	18	10	2	—	—
Increase (Decrease) in Accounts Payable and Accrued Liabilities	−3	31	15	−9	—
Net Cash Provided by (Used in) Operating Activities, Total	−86	−95	−98	22	85
Payments to Acquire Property, Plant, and Equipment	−5	−4	−3	−13	−11
Payments to Acquire Finance Receivables	−1,204	−1,407	−1,160	−844	−972
Proceeds From Recovery Of Negative Financing Receivable Allowance	1,099	1,028	917	975	1,186
Payments For (Proceeds From) Marketable Securities)	−58	−57	−60	−63	−111
Proceeds from Sale and Maturity of Marketable Securities	107	58	71	66	69
Net Cash Provided by (Used in) Investing Activities, Total	−60	−382	−235	120	160
Proceeds from Long-Term Lines of Credit	1,204	1,902	815	1,607	770
Repayments of Long-Term Lines of Credit	−1,292	−1,721	−480	−1,599	−1,163
Senior Notes Repurchased and Retired During Period	0	298	349	0	—
Repayments of Other Long-Term Debt	−10	−445	−8	−10	−10
Payments for Repurchase of Common Stock	−20	0	0	−111	−201
Payments of Financing Costs	−6	−15	−5	−16	−9
Payment, Tax Withholding, Share-Based Payment Arrangement	−2	−3	−6	−8	−6
Payments to Noncontrolling Interests	−25	−19	−10	−7	−21
Proceeds from Noncontrolling Interests	4	2	0	18	23
Net Change Interest-Bearing Deposits, Foreign	−88	60	−1	5	5
Supplemental disclosure of cash flow information	116	491	355	−121	−263
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	31	−20	6	−25	−14
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	1	−6	29	−4	−32
Interest Paid, Excluding Capitalized Interest, Operating Activity	259	224	138	117	112
Income Taxes Paid	39	5	26	22	78

Filings

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