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Get filing alertsRisk Profile Improvements
- Goodwill Impairment (new) — Adjusted EBITDA reconciliation references a $412.6M goodwill impairment, though this appears to be a prior-period charge carried forward in the trailing-twelve-month calculation rather than a new Q1 2026 event.
PRA Group reports 11% cash collections growth, $28.2M net income in Q1 2026
Filed May 7, 2026 · Period ending May 7, 2026 · ~1 min read
Key Changes
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high
Cash collections rose 11.0% to $551.9M with net income of $28.2M ($0.73 per share); trailing-twelve-month adjusted EBITDA grew 13.9% to $1.3B, outpacing collections growth as operating leverage improved.
Exhibit 99.1 verify on EDGAR → -
high
Portfolio revenue increased 16.6% to $313.5M driven by strong returns on recent purchases; changes in expected recoveries rose to $43.9M from $27.9M year-over-year, indicating improved collection forecasts.
Exhibit 99.1 verify on EDGAR → -
medium
Operating expenses rose $16.2M to $211.3M, primarily from $15.1M in legal collection costs to support future growth; compensation fell $2.6M after eliminating 115 corporate roles in Q4 2025.
Exhibit 99.1 verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 25, 2026 1:37 PM