PRA Group — Q3 2026 Earnings Summary

PRA Group, Inc. reported third-quarter 2026 net income attributable to the company of $15 million, or $0.39 per diluted share, driven by $536 million in total cash collections and $271 million in portfolio income. The company achieved an adjusted cash efficiency ratio of 63%, reflecting a 200 basis point improvement from the prior year, while operating expenses decreased to $200 million excluding a non-cash goodwill impairment charge recorded in the previous year. Total portfolio purchases for the quarter were $229 million, and the estimated remaining collections increased by 5% to $8.8 billion. Additionally, the company issued $400 million in senior notes due 2033 shortly after the quarter ended to enhance funding flexibility and extend its debt maturity profile.