Quarterly ResultMay 8, 2026, 04:42 PM
PRA Group Q1 Net Income $28.2M; EPS $0.74; Revenue $314.5M
AI Summary
PRA Group reported a significant increase in net income and EPS for the first quarter of 2026, with net income attributable to the company rising to $28.2 million from $3.7 million in the prior year. Total revenues grew by 16.7% to $314.5 million. The company also repurchased $10.0 million of its common stock and saw a substantial improvement in cash flow from operating activities.
Key Highlights
- Net income attributable to PRA Group, Inc. increased to $28.2 million from $3.7 million year-over-year.
- Basic earnings per share rose to $0.74, up from $0.09 in the prior year quarter.
- Total revenues for the quarter increased by 16.7% to $314.5 million.
- Net cash provided by operating activities was $24.9 million, a significant improvement from a $52.6 million use in Q1 2025.
- The company repurchased $10.0 million of common stock, with $37.7 million remaining under the program.
- U.S. segment revenues grew to $156.8 million, while Europe segment revenues increased to $125.6 million.
- Adjusted segment operating income for the U.S. was $30.2 million and for Europe was $76.2 million.
- Total assets stood at $5.21 billion as of March 31, 2026.