Filing Flows › PRA Group (PRAA) › Q2 2025
PRA Group (PRAA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
PRA Group (PRAA) reported revenue of $288M for the second quarter 2025 (Q2 2025), +1% from a year earlier and +7% from the quarter before. Operating margin was 29.6%, net earnings $42.4M (14.7% of revenue).
PRA Group, Q2 2025: revenue $288M (+1% year over year), operating margin 29.6%, net earnings $42.4M, operating cash flow −$12.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $288M | +7% | +1% |
| Operating profit | $85.1M | +14% | -5% |
| Net earnings | $42.4M | 12× | +97% |
| Operating cash flow | −$12.9M | — | — |
What changed
Revenue was $287.7M in Q2 2025, up 1% year over year and up 7% from the previous quarter.
Operating profit was $85.1M, a 29.6% margin (down 1.8 points year over year). Operating profit fell $4.1M even though revenue rose $3.5M versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 1%. Net earnings were $42.4M, up 97% year over year. The effective tax rate was 25.2%.
Operating cash flow was −$12.9M. Non-cash charges added back $2.5M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $65.6M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$14.2M.
Questions
What was PRA Group's revenue in the second quarter 2025?
PRA Group (PRAA) reported revenue of $288M for the second quarter 2025 (Q2 2025), +1% from a year earlier and +7% from the quarter before.
Was PRA Group profitable in the second quarter 2025?
Operating profit was $85.1M (29.6% of revenue) and net earnings $42.4M.
Source: PRA Group 10-Q on SEC EDGAR.