Filing Flows › PRA Group (PRAA) › Q3 2025
PRA Group (PRAA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
PRA Group (PRAA) reported revenue of $311M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +8% from the quarter before. Operating margin was -101.4%, net loss $404M (129.8% of revenue).
PRA Group, Q3 2025: revenue $311M (+10% year over year), operating margin -101.4%, net loss $404M, operating cash flow −$10.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $311M | +8% | +11% |
| Operating profit | −$316M | -471% | — |
| Net earnings | −$404M | -1053% | — |
| Operating cash flow | −$10.1M | — | — |
What changed
Revenue was $311.1M in Q3 2025, up 11% year over year and up 8% from the previous quarter.
Operating costs exceeded revenue by $315.5M, an operating margin of -101.4%. Total costs grew 227% against revenue growth of 11%. The quarter ended with a net loss of $404.0M, after a profit of $45.7M the previous quarter.
Operating cash flow was −$10.1M. Non-cash charges added back $4.0M of share-based compensation. Working capital and other items added $389.8M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$11.3M.
Questions
What was PRA Group's revenue in the third quarter 2025?
PRA Group (PRAA) reported revenue of $311M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +8% from the quarter before.
Was PRA Group profitable in the third quarter 2025?
Operating loss was $316M (-101.4% of revenue) and net loss $404M.
Source: PRA Group 10-Q on SEC EDGAR.