PRA Group, Inc. (PRAA) Stock

PRA Group, Inc. (PRAA) is a Financials stock trading at $18.60 (as of 2026-08-20), with a market capitalization of $700.25M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

PRA Group, Inc. purchases and manages portfolios of nonperforming loans, including consumer and credit card receivables, across the Americas, Australia, and Europe. It also provides fee-based services related to recoveries from certain legal matters and services consumer bankruptcy accounts.

Understand PRA Group, Inc.: how it makes money

PRA Group buys nonperforming loan portfolios, then collects and manages the unpaid obligations for credit originators, earning money from cash collections and related recoveries as it invests and replenishes portfolios through purchase activity and forward flow commitments.

PRA Group’s profit engine is turning invested dollars in purchased nonperforming loan portfolios into cash collections over time, with its forward flow commitments and replenishment actions shaping the continuing pipeline of portfolios to manage.

Business quality (Solid): Clear, cash-driven model (cash collections, efficiency, replenishment, and forward flow), but results can be sensitive to collection timing and the company’s expectations for recoveries.

Bull case

  • Cash recovery focus: The company’s operating metrics emphasize Global Cash Collections and Cash Efficiency Ratio, directly linking results to its ability to generate cash from nonperforming loan portfolios.
  • Portfolio pipeline visibility: Forward Flow Commitments and Portfolio Purchases are tracked, which reflects a structured approach to acquiring additional portfolios to manage.

Bear case

  • Collection variability versus expectations: The company tracks Cash Collections Versus CECL Expectations Overperformance, which highlights that collections can differ from expected outcomes.
  • Need to keep portfolios replenished: The Replenishment Rate and the Estimated Global Investment Needed to Replace Runoff Next Twelve Months indicate that maintaining investment and portfolio levels is important for ongoing performance.
  • Geographic execution risk: PRA Group operates across the Americas, Australia, and Europe, and it tracks recovery cash flows by region, which implies performance can vary by market.
Valuation — source: SEC EDGAR (first-party)
Price$18.60
Market Cap$700.25M
EV / EBITDA8.5
Price / Book0.63
Price / Sales0.53
FCF Yield-5.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.20B
Net Margin-25.4%
Revenue Growth (YoY)29.4%
EPS Growth (YoY)40.7%
FCF Growth (YoY)172.6%
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($149.05M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOMartin Sjolund
Employees2,991
CountryUS
IPO Date2002-11-08

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PRAA earnings history · PRAA institutional & insider holders · PRAA KPIs & operating metrics · PRAA financials · PRAA investor presentations & press releases · PRAA SEC filings · PRAA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.