PRA Group delivered a strong first quarter in 2025, with total portfolio purchases increasing by 18.7% year-over-year and record estimated remaining collections (ERC) of $7.8 billion. Total cash collections grew by 10.7% year-over-year, and the company achieved a cash efficiency ratio of 60.8%. Despite lower-than-modeled consumer tax refunds impacting profitability, the company is positioned for continued success with strategic initiatives and a new CEO.
Total portfolio purchases increased by 18.7% year-over-year to $291.7 million.
Estimated remaining collections (ERC) reached a record $7.8 billion, up 20.1% year-over-year.
Total cash collections grew by 10.7% year-over-year to $497.4 million.
Cash efficiency ratio improved by 284 basis points year-over-year to 60.8%.
The company is confident in its overall business trajectory and is well-positioned for continued growth, profitability, and shareholder value, with a new CEO bringing a successful European playbook to build on the global three-pillar strategy.
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