PRA Group Q3 net income $15 million, $0.39 diluted EPS; portfolio revenue down 8%
PRA Group reported third quarter 2026 results on November 5, 2026, with net income attributable to the company of $15 million, or $0.39 per diluted share, compared with a loss of $407.7 million ($10.43 per share) a year earlier that included a $413 million goodwill impairment. Total portfolio revenue fell 8% to $285 million, and cash collections were $536 million, slightly below the prior-year quarter, so the profit improvement came mainly from lower operating expenses.
Key points
- Total portfolio revenue fell 8% to $285 million, from $310 million in Q3 2025, mainly due to lower changes in expected recoveries.
- Net income attributable to PRA Group was $15 million, or $0.39 per diluted share, versus a loss of $407.7 million in Q3 2025.
- Operating expenses fell to $200 million from $627 million, which included the $413 million goodwill impairment in the prior-year quarter.
- In October 2026 the company issued $400 million of senior notes due 2033.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.