Pra Group Inc (OQ:PRAA)

Sector:  Financials Industry:  Corporate Financial Services
See Regulatory Filings on SEC
Company Contact
Address: 120 Corporate Blvd Ste 100
Tel: 1-757-4317913
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
Keith Hyde Warren
Chief Compliance and Risk Officer
Owen James
Global Investment Officer
Steve Macke
Global Operations Officer
Business Overview
PRA Group, Inc. is a financial and business services company with operations based primarily in the Americas and Europe and Australia. The Company's primary business is the purchase, collection and management of portfolios of nonperforming loans. The accounts it purchases are primarily the unpaid obligations of individuals owed to credit originators. It purchases portfolios of nonperforming loans at a discount in two categories: Core and Insolvency. Core operation specializes in purchasing and collecting nonperforming loans, which it purchases since the credit originators have chosen not to pursue, or have been unsuccessful in, collecting the full balance owed. Insolvency operation consists primarily of purchasing and collecting nonperforming loans where the customer is involved in a bankruptcy proceeding, or the equivalent thereof, in certain European countries. It also provides fee-based services on class action claims recoveries in the United States.
Financial Overview
For the three months ended 31 March 2024, Pra Group Inc revenues increased 64% to $255.6M. Net income totaled $3.5M vs. loss of $58.6M. Revenues reflect Changes in expected recoveries increase from -$36.9M to $51.7M, Portfolio income increase of 7% to $202.1M. Net Income reflects Compensation decrease of 11% to $73.6M (expense), Depreciation and amortization decrease of 24% to $2.7M (expense).
Employees: 3,119 as of Mar 31, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $3,728M as of Mar 31, 2024
Annual revenue (TTM): $902.67M as of Mar 31, 2024
EBITDA (TTM): $228.76M as of Mar 31, 2024
Net annual income (TTM): -$21.37M as of Mar 31, 2024
Free cash flow (TTM): -$125.99M as of Mar 31, 2024
Net Debt Last Fiscal Year: $2,958M as of Mar 31, 2024
Shares outstanding: 39,352,006 as of May 2, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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