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Complete financial analysis of PRA Group, Inc. (PRAA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of PRA Group, Inc., a leading company in the Financial – Credit Services industry within the Financial Services sector.
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PRA Group, Inc. (PRAA)
About PRA Group, Inc.
PRA Group, Inc., a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas, Australia, and Europe. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies. The company also acquires nonperforming loans, including Visa and MasterCard credit cards, private label and other credit cards, installment loans, lines of credit, deficiency balances of various types, legal judgments, and trade payables from banks, credit unions, consumer finance companies, retailers, utilities, automobile finance companies, and other credit originators. In addition, it provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts. The company was formerly known as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014. PRA Group, Inc. was incorporated in 1996 and is headquartered in Norfolk, Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 815.50M | 968.75M | 1.10B | 1.07B | 995.30M | 877.96M | 821.92M | 832.12M | 942.02M | 880.97M | 735.14M | 592.80M | 458.94M | 372.71M | 281.09M | 263.28M | 220.75M | 188.32M | 148.53M | 113.40M | 84.93M | 55.85M | 32.34M | 19.33M |
| Cost of Revenue | 310.84M | 356.65M | 378.74M | 436.86M | 310.44M | 319.40M | 344.69M | 258.85M | 268.35M | 234.53M | 192.47M | 168.36M | 138.20M | 124.08M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 504.66M | 612.11M | 718.08M | 628.55M | 684.86M | 558.56M | 477.23M | 573.28M | 673.67M | 646.44M | 542.66M | 424.45M | 320.73M | 248.63M | 281.09M | 263.28M | 220.75M | 188.32M | 148.53M | 113.40M | 84.93M | 55.85M | 32.34M | 19.33M |
| Gross Profit Ratio | 61.88% | 63.19% | 65.47% | 59.00% | 68.81% | 63.62% | 58.06% | 68.89% | 71.51% | 73.38% | 73.82% | 71.60% | 69.89% | 66.71% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.16 | 0.23 | 0.20 | 0.12 | 0.10 | 0.19 | 0.16 | 0.00 | 0.00 | 1.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 324.95M | 173.00M | 186.67M | 214.17M | 251.33M | 208.06M | 167.35M | 181.68M | 177.28M | 183.76M | 161.02M | 139.44M | 89.05M | 71.47M | 182.47M | 164.04M | 128.13M | 58.14M | 44.33M | 36.62M | 28.99M | 21.70M | 0.00 | 0.00 |
| Selling & Marketing | 306.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 631.05M | 173.00M | 186.67M | 214.17M | 251.33M | 208.06M | 167.35M | 181.68M | 177.28M | 183.76M | 161.02M | 139.44M | 89.05M | 71.47M | 182.47M | 164.04M | 128.13M | 58.14M | 44.33M | 36.62M | 28.99M | 21.70M | 0.00 | 0.00 |
| Other Expenses | 71.01M | -1.33M | 282.00K | -1.05M | -364.00K | -316.00K | -2.79M | -5.82M | -385.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 702.06M | 395.19M | 418.76M | 420.56M | 434.93M | 370.17M | 329.54M | 353.53M | 363.33M | 304.37M | 238.74M | 208.39M | 143.87M | 118.77M | 200.48M | 178.44M | 139.56M | 116.32M | 88.92M | 68.51M | 50.47M | 34.88M | 23.57M | 15.03M |
| Cost & Expenses | 715.01M | 751.83M | 797.50M | 857.43M | 745.37M | 689.57M | 674.23M | 612.37M | 631.67M | 538.90M | 431.21M | 376.75M | 282.07M | 242.84M | 200.48M | 178.44M | 139.56M | 116.32M | 88.92M | 68.51M | 50.47M | 34.88M | 23.57M | 15.03M |
| Interest Income | -9.22M | 2.23M | 1.09M | 1.02M | 2.25M | 3.13M | 5.61M | 5.05M | 2.08M | 4.00K | 3.00K | 10.00K | 7.00K | 65.00K | 3.00K | 60.00K | 419.00K | 584.09K | 611.49K | 222.72K | 60.17K | 21.55K | 0.00 | 0.00 |
| Interest Expense | 74.76M | 51.70M | 38.96M | 35.50M | 144.17M | 124.21M | 24.45M | 76.57M | 59.55M | 35.23M | 14.47M | 9.04M | 10.57M | 9.05M | 7.91M | 11.15M | 3.70M | 378.55K | 280.50K | 273.36K | 602.07K | 2.45M | 0.00 | 0.00 |
| Depreciation & Amortization | 13.38M | 642.28M | 708.58M | 691.70M | 919.11M | 847.20M | 718.13M | 693.24M | 19.87M | 18.41M | 14.42M | 14.52M | 12.94M | 12.44M | 9.21M | 7.42M | 5.52M | 5.13M | 4.68M | 2.38M | 1.44M | 940.35K | 677.00K | 437.00K |
| EBITDA | 133.54M | 301.05M | 390.25M | 368.17M | 265.15M | 204.58M | 233.50M | 244.11M | 429.82M | 360.48M | 311.95M | 221.54M | 179.24M | 133.25M | 81.91M | 81.11M | 87.12M | 77.13M | 64.28M | 47.27M | 35.90M | 21.90M | 9.44M | 4.74M |
| EBITDA Ratio | 16.38% | 22.79% | 27.84% | 21.07% | 26.83% | 23.62% | 18.87% | 28.27% | 35.03% | 40.92% | 43.30% | 38.90% | 41.36% | 38.20% | 31.96% | 35.07% | 39.47% | 40.96% | 43.28% | 41.69% | 42.27% | 39.22% | 29.20% | 24.53% |
| Operating Income | 100.49M | 285.80M | 375.00M | 349.70M | 247.69M | 185.26M | 213.73M | 219.75M | 310.34M | 342.07M | 297.53M | 216.06M | 178.03M | 129.86M | 80.61M | 84.84M | 81.18M | 72.00M | 59.60M | 44.89M | 34.45M | 20.96M | 8.77M | 4.31M |
| Operating Income Ratio | 12.32% | 29.50% | 34.19% | 32.82% | 24.89% | 21.10% | 26.00% | 26.41% | 32.94% | 38.83% | 40.47% | 36.45% | 38.79% | 34.84% | 28.68% | 32.22% | 36.78% | 38.23% | 40.13% | 39.59% | 40.57% | 37.54% | 27.11% | 22.27% |
| Total Other Income/Expenses | -183.38M | -131.02M | -124.67M | -140.76M | -130.33M | -95.76M | -53.46M | -84.12M | -52.82M | -41.06M | -14.46M | -9.02M | -10.56M | -8.99M | -7.91M | -11.09M | -3.29M | 205.55K | 330.99K | -50.64K | -541.90K | -2.43M | -3.14M | -1.77M |
| Income Before Tax | -82.89M | 154.79M | 250.33M | 208.95M | 117.36M | 89.50M | 160.27M | 135.63M | 257.52M | 301.01M | 283.07M | 207.03M | 167.46M | 120.88M | 72.70M | 73.75M | 77.90M | 72.21M | 59.93M | 44.84M | 33.91M | 18.54M | 5.63M | 2.54M |
| Income Before Tax Ratio | -10.16% | 15.98% | 22.82% | 19.61% | 11.79% | 10.19% | 19.50% | 16.30% | 27.34% | 34.17% | 38.51% | 34.92% | 36.49% | 32.43% | 25.86% | 28.01% | 35.29% | 38.34% | 40.35% | 39.54% | 39.93% | 33.19% | 17.40% | 13.14% |
| Income Tax Expense | -16.13M | 36.79M | 54.82M | 41.20M | 19.68M | 13.76M | -10.85M | 43.58M | 89.39M | 124.51M | 106.15M | 80.93M | 66.32M | 47.00M | 28.40M | 28.38M | 29.66M | 27.72M | 23.16M | 17.39M | 13.20M | 1.47M | 0.00 | 0.00 |
| Net Income | -83.48M | 117.15M | 183.16M | 149.34M | 86.16M | 65.56M | 164.32M | 86.26M | 167.93M | 176.51M | 175.31M | 126.59M | 100.79M | 73.45M | 44.31M | 45.36M | 48.24M | 44.49M | 36.77M | 27.45M | 20.71M | 17.07M | 5.63M | 2.54M |
| Net Income Ratio | -10.24% | 12.09% | 16.70% | 14.02% | 8.66% | 7.47% | 19.99% | 10.37% | 17.83% | 20.04% | 23.85% | 21.36% | 21.96% | 19.71% | 15.76% | 17.23% | 21.85% | 23.62% | 24.76% | 24.21% | 24.39% | 30.56% | 17.40% | 13.14% |
| EPS | -2.13 | 2.96 | 4.07 | 3.28 | 1.90 | 1.45 | 3.55 | 1.84 | 3.49 | 3.53 | 3.48 | 2.48 | 1.96 | 1.46 | 0.96 | 0.99 | 1.03 | 0.93 | 0.78 | 0.60 | 0.47 | 0.36 | 0.12 | 0.05 |
| EPS Diluted | -2.13 | 2.94 | 4.04 | 3.26 | 1.89 | 1.44 | 3.54 | 1.83 | 3.47 | 3.50 | 3.45 | 2.46 | 1.95 | 1.45 | 0.96 | 0.99 | 1.02 | 0.92 | 0.76 | 0.58 | 0.44 | 0.31 | 0.10 | 0.05 |
| Weighted Avg Shares Out | 39.18M | 39.64M | 44.96M | 45.54M | 45.39M | 45.28M | 45.67M | 46.32M | 48.13M | 49.99M | 50.37M | 50.99M | 51.33M | 50.46M | 46.26M | 45.69M | 46.94M | 47.73M | 46.93M | 46.07M | 43.64M | 31.59M | 30.00M | 30.00M |
| Weighted Avg Shares Out (Dil) | 39.18M | 39.89M | 45.33M | 45.86M | 45.58M | 45.41M | 45.82M | 46.39M | 48.41M | 50.42M | 50.87M | 51.37M | 51.69M | 50.66M | 46.36M | 45.88M | 47.34M | 48.25M | 48.45M | 47.56M | 47.14M | 36.20M | 34.37M | 34.10M |
PRA Group Appoints Dr. Marcel Köchling as European Investments Officer
Seasoned Acquisitions Leader Takes on Expanded Role within PRA Group NORFOLK, Va. , May 21, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Dr. Marcel Köchling as...
Head-To-Head Survey: Palmer Square Capital BDC (NYSE:PSBD) & PRA Group (NASDAQ:PRAA)
PRA Group (NASDAQ:PRAA – Get Free Report) and Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) are both small-cap finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their...
PRA Group Announces Pricing of Offering of $400.0 Million of 8.875% Senior Notes due 2030
NORFOLK, Va. , May 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today the pricing on May 15, 2024 of its offering of $400.0 million aggregate principal amount...
PRA Group Announces Proposed Offering of $400.0 Million of Senior Notes due 2030
NORFOLK, Va. , May 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that it plans, subject to market and other conditions, to offer $400.0 million aggregate...
PRA Group Nominates Dame Jayne-Anne Gadhia to Board of Directors
The former Virgin Money CEO is one of Britain's most prominent businesswomen NORFOLK, Va., May 14, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that its Board of Directors has...
PRA Group's (PRAA) Shares Down Despite Q1 Earnings Beat
PRA Group's (PRAA) first-quarter results benefit from improved collections from Brazil, Europe and the United States. Rising legal collection costs and fees partially offset the results.
PRA Group, Inc. (PRAA) Q1 2024 Earnings Call Transcript
PRA Group, Inc. (NASDAQ:PRAA ) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Najim Mostamand - Vice President, Investor Relations Vik Atal - President and CEO Rakesh Sehgal - Executive Vice President and CFO Conference...
PRA Group Reports First Quarter 2024 Results
Accelerated Turnaround of U.S. Business Continuing to Gain Momentum NORFOLK, Va. , May 6, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the...
PRA Group Names Industry Veteran Steve Macke as its Global Operations Officer
NORFOLK, Va., April 17, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has named Steve Macke as its global operations officer, effective April 29, following an external search.
PRA Group to Announce First Quarter 2024 Results on May 6
NORFOLK, Va. , April 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its first quarter 2024 results after market close on Monday, May 6, 2024, followed by a webcast...
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