Filing Flows › PRA Group (PRAA) › Q4 2025
PRA Group (PRAA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
PRA Group (PRAA) reported revenue of $333M for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +7% from the quarter before. Operating margin was 37.7%, net earnings $56.5M (17.0% of revenue).
PRA Group, Q4 2025: revenue $333M (+14% year over year), operating margin 37.7%, net earnings $56.5M, operating cash flow −$9.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $333M | +7% | +14% |
| Operating profit | $126M | — | +33% |
| Net earnings | $56.5M | — | +206% |
| Operating cash flow | −$9.9M | — | — |
What changed
Revenue was $333.4M in Q4 2025, up 14% year over year and up 7% from the previous quarter.
Operating profit was $125.6M, a 37.7% margin (up 5.6 points year over year). Of the extra revenue versus a year earlier, 78% reached operating profit, above the 32% margin then. Total costs grew 4% against revenue growth of 14%. Net earnings were $56.5M, up 206% year over year. The effective tax rate was 4.3%.
Operating cash flow was −$9.9M. Non-cash charges added back $3.6M of share-based compensation. Working capital and other items used $72.8M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$11.3M.
Questions
What was PRA Group's revenue in the fourth quarter 2025?
PRA Group (PRAA) reported revenue of $333M for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +7% from the quarter before.
Was PRA Group profitable in the fourth quarter 2025?
Operating profit was $126M (37.7% of revenue) and net earnings $56.5M.
Source: PRA Group 10-K on SEC EDGAR.