Pra Group Inc (OQ:PRAA)
Business Focus: Corporate Financial Services
| Sector: Financials | Industry: Corporate Financial Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 120 Corporate Blvd Ste 100 NORFOLK VA 23502 |
| Tel: | 1-757-4317913 |
| Website: | https://www.pragroup.com |
| IR: | See website |
| Key People | ||
| Vikram A. Atal President, Chief Executive Officer, Director | Rakesh Sehgal Chief Financial Officer, Executive Vice President | Martin Sjoelund President, PRA Group Europe |
| Latisha O. Tarrant Chief Human Resource Officer, General Counsel | Owen James Global Investment Officer | |
| Business Overview |
| PRA Group, Inc. is a financial and business services company with operations in the Americas, Europe and Australia. The Company's primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company purchase portfolios of nonperforming loans at a discount in two categories: Core and Insolvency. Its Core operation specializes in purchasing and collecting nonperforming loans, which it purchases since either the credit originator and/or other third-party collection agencies have been unsuccessful in collecting the full balance owed. The Company's Insolvency operation consists primarily of purchasing and collecting on nonperforming loan accounts where the customer is involved in a bankruptcy proceeding or the equivalent in some European countries. The Company also provides fee-based services on class action claims recoveries and servicing consumer bankruptcy accounts in the United States (U.S.). |
| Financial Overview |
| For the nine months ended 30 September 2023, Pra Group Inc revenues decreased 22% to $581.1M. Net loss totaled $74.7M vs. income of $101.2M. Revenues reflect United States segment decrease of 39% to $258.8M, United Kingdom segment decrease of 22% to $99.5M. Net loss reflects Interest expense increase of 45% to $141.9M (expense), Legal collection costs increase of 15% to $66.2M (expense). |
| Employees: | 3,134 as of Sep 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,651M as of Sep 30, 2023 |
| Annual revenue (TTM): | $803.99M as of Sep 30, 2023 |
| EBITDA (TTM): | $138.55M as of Sep 30, 2023 |
| Net annual income (TTM): | -$58.74M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$98.13M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $2,828M as of Sep 30, 2023 |
| Shares outstanding: | 39,244,145 as of Oct 31, 2023 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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