Filing Flows › PRA Group (PRAA) › Q1 2026
PRA Group (PRAA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
PRA Group (PRAA) reported revenue of $315M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -6% from the quarter before. Operating margin was 32.8%, net earnings $28.2M (9.0% of revenue).
PRA Group, Q1 2026: revenue $315M (+17% year over year), operating margin 32.8%, net earnings $28.2M, operating cash flow $24.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $315M | -6% | +17% |
| Operating profit | $103M | -18% | +38% |
| Net earnings | $28.2M | -50% | +671% |
| Operating cash flow | $24.9M | — | — |
| Free cash flow | $23.5M | — | — |
What changed
Revenue was $314.5M in Q1 2026, up 17% year over year and down 6% from the previous quarter.
Operating profit was $103.3M, a 32.8% margin (up 5.2 points year over year). Of the extra revenue versus Q1 2025, 64% reached operating profit, above the 28% margin then. Total costs grew 8% against revenue growth of 17%. Net earnings were $28.2M, up 671% year over year. The effective tax rate was 21.6%.
Operating cash flow was $24.9M, 78% of net income including minority interests. Non-cash charges added back $4.5M of share-based compensation. Working capital and other items used $11.3M. Capital expenditures of $1.4M left free cash flow of $23.5M.
Questions
What was PRA Group's revenue in the first quarter 2026?
PRA Group (PRAA) reported revenue of $315M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -6% from the quarter before.
Was PRA Group profitable in the first quarter 2026?
Operating profit was $103M (32.8% of revenue) and net earnings $28.2M.
Source: PRA Group 10-Q on SEC EDGAR.