Earnings per Share
The following table provides a reconciliation between basic and diluted EPS for the years ended December 31, 2025, 2024 and 2023 (in thousands, except per share amounts):
 202520242023
Net Loss Attributable to PRA Group, Inc.Weighted Average Common SharesEPSNet Income Attributable to PRA Group, Inc.Weighted Average Common SharesEPSNet Loss Attributable to PRA Group, Inc.Weighted Average Common SharesEPS
Basic EPS$(305,142)39,173 $(7.79)$70,601 39,382 $1.79 $(83,477)39,177 $(2.13)
Dilutive effect of nonvested share awards— — — — 160 — — — — 
Diluted EPS$(305,142)39,173 $(7.79)$70,601 39,542 $1.79 $(83,477)39,177 $(2.13)
For the years ended December 31, 2025 and 2023, 0.4 million and 0.6 million antidilutive shares were excluded from the computation of diluted EPS, respectively.

Historical Timeline

Fiscal YearFiled
2025Mar 2, 2026Showing above
2024Feb 27, 2025
2023Feb 29, 2024
2022Feb 28, 2023
2021Mar 1, 2022
2020Feb 26, 2021
2019Mar 2, 2020
2018Mar 12, 2019
2017Feb 28, 2018
2016Mar 1, 2017
2015Feb 26, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.