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
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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