PRAA News & Events

Reports Q1 revenue $314.53M, consensus $295.94M. "We had a strong start to 2026, building on the success we achieved last year with continued improvement in our key financial and operational metrics," said CEO Martin Sjolund. "Cash collections grew 11% from the prior-year period...Our cash efficiency ratio improved to 62%, even with the increase in legal collection costs to support future collections growth. Net income increased to $28M and Adjusted EBITDA for the last twelve months was up 14%, growing faster than cash collections, as we continued to gain operating leverage. Overall, Q1 was another solid quarter, with strong execution across several operational initiatives and improved financial results. Looking ahead to the rest of the year, we plan to continue making progress on our new PRA 3.0 strategy, including modernizing our technology platforms and innovating with our new mobile app in the UK and global AI initiatives. We believe we are in a strong position to continue delivering enhanced results and value for our shareholders, as we transform PRA into a high-performing, technology-enabled global allocator of capital."

Reports Q4 revenue $333.39M, consensus $288.86M. "PRA made significant progress in 2025. Since stepping into the CEO role in June, we have further strengthened our U.S. operational platform, built on the track record of our European franchise, and developed our longer-term strategy and key financial goals," said CEO Martin Sjolund. "In the U.S., we successfully executed against our near-term strategic priorities, including driving cost savings, reorganizing our operations, creating a new talent hub, and implementing our IT modernization roadmap. Our adjusted non-GAAP results demonstrate a stable earnings platform, underpinned by a strong and well-diversified capital structure with moderate leverage that has declined in recent quarters. During Q4, we repurchased $10M of our shares, bringing the total amount repurchased in 2025 to $20M, in line with our capital allocation strategy to drive shareholder value. Looking ahead, we are introducing our PRA 3.0 strategy to evolve the company into a high-performing, technology-enabled global allocator of capital. We believe that the actions we are taking will drive stronger financial results and unlock meaningful long-term value for our shareholders."