Demonstrações financeiras detalhadas de PRA Group, Inc. (PRAA): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
PRA Group, Inc. registou receitas de $1.24B no último exercício, com um CAGR de 5 anos de 3.1%.
Margens dos últimos 12 meses: margem bruta 107.3%, margem operacional 38.6%, margem líquida -19.4%.
Ao preço atual de $20.07, PRAA apresenta lucros negativos (P/L não significativo) e um ROE de -26.80%. A capitalização de mercado é de $765M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $832.1M | $821.9M | $878.0M | $995.3M | $1.07B | $1.10B | $966.5M | $815.5M | $1.12B | $1.24B |
| Custo da Receita | $258.8M | $344.7M | $319.4M | $310.4M | $436.9M | $426.1M | $416.2M | $399.5M | $438.2M | $10.4M |
| Lucro Bruto | $573.3M | $477.2M | $558.6M | $684.9M | $628.6M | $669.6M | $550.3M | $416.0M | $685.7M | $1.23B |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $181.7M | $167.4M | $208.1M | $251.3M | $214.2M | $186.7M | $265.4M | $267.6M | $325.0M | 0 |
| Despesas Operacionais | $353.5M | $263.5M | $373.3M | $437.2M | $278.9M | $294.6M | $264.5M | $315.5M | $345.9M | $809.1M |
| Lucro Operacional | $219.8M | $213.7M | $185.3M | $247.7M | $349.7M | $375.0M | $285.8M | $100.5M | $339.7M | $420.7M |
| EBITDA | $236.6M | $204.5M | $233.0M | $279.0M | $226.5M | $266.1M | $170.4M | $10.5M | $209.1M | $19.0M |
| Despesas com Juros | $76.6M | $24.5M | $124.2M | $144.2M | $35.5M | $39.0M | $51.7M | $74.8M | $88.7M | $251.8M |
| Lucro Antes de Impostos | $135.6M | $160.3M | $89.5M | $117.4M | $208.9M | $250.3M | $154.8M | -$82.9M | $109.6M | -$243.2M |
| Imposto | $43.6M | -$10.9M | $13.8M | $19.7M | $41.2M | $54.8M | $36.8M | -$16.1M | $21.0M | $46.7M |
| Lucro Líquido | $86.3M | $164.3M | $65.6M | $86.2M | $149.3M | $183.2M | $117.1M | -$83.5M | $70.6M | -$305.1M |
| LPA | $1.84 | $3.55 | $1.45 | $1.90 | $3.28 | $4.07 | $2.96 | $-2.13 | $1.79 | $-7.79 |
| LPA Diluído | $1.83 | $3.54 | $1.44 | $1.89 | $3.26 | $4.04 | $2.94 | $-2.13 | $1.79 | $-7.79 |
| Ações em Circulação (Diluídas) | $46.4M | $45.8M | $45.4M | $45.6M | $45.9M | $45.3M | $39.9M | $39.2M | $39.5M | $39.2M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $314.1M | $363.3M | $314.2M | $372.2M |
| Lucro Bruto | $199.7M | $691.5M | $199.8M | $372.2M |
| Lucro Operacional | -$315.5M | $576.6M | $111.9M | $153.3M |
| EBITDA | -$352.3M | $240.6M | $108.7M | $160.7M |
| Lucro Líquido | -$407.7M | $56.5M | $28.2M | $57.9M |
| LPA | $-10.43 | $1.46 | $0.74 | $1.52 |
| LPA Diluído | $-10.43 | $1.46 | $0.73 | $1.51 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $94.3M | $120.5M | $98.7M | $119.8M | $108.6M | $87.6M | $83.4M | $112.5M | $105.9M | $104.4M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | $66.8M | $59.5M | $55.8M | 0 |
| Contas a Receber | $2.33B | $2.81B | $3.15B | $3.54B | $3.54B | $3.47B | $3.33B | $3.68B | $4.16B | 0 |
| Estoque | 0 | 0 | -$779000 | -$323000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $2.47B | $2.93B | $3.25B | $3.67B | $3.65B | $3.56B | $3.48B | $3.86B | $4.32B | $104.4M |
| Imobilizado | $38.7M | $49.3M | $54.1M | $125.5M | $111.3M | $111.2M | $106.2M | $82.3M | $61.7M | $54.1M |
| Ágio | $499.9M | $526.5M | $464.1M | $480.8M | $493.0M | $480.3M | $435.9M | $431.6M | $396.4M | $26.9M |
| Ativos Intangíveis | $27.9M | $23.6M | $5.5M | $4.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $3.16B | $3.70B | $3.91B | $4.42B | $4.45B | $4.37B | $4.18B | $4.53B | $4.93B | $5.10B |
| Contas a Pagar | $2.5M | $5.0M | $6.1M | $4.3M | $5.3M | $3.8M | $7.3M | $6.3M | 0 | 0 |
| Dívida de Curto Prazo | 0 | $98.6M | $1.16B | $1.79B | $1.58B | $1.17B | $1.06B | $1.44B | 0 | $32.2M |
| Passivos Circulantes | $185.1M | $200.3M | $1.34B | $1.99B | $265.0M | $275.5M | $257.4M | $271.7M | $333.2M | $62.0M |
| Dívida de Longo Prazo | $1.78B | $2.17B | $1.31B | $2.81B | $2.66B | $2.61B | $2.49B | $2.91B | $3.33B | 0 |
| Passivos Totais | $2.25B | $2.56B | $2.79B | $3.20B | $3.08B | $3.04B | $2.89B | $3.29B | $3.74B | $4.06B |
| Reservas | $1.05B | $1.21B | $1.28B | $1.36B | $1.51B | $1.55B | $1.57B | $1.49B | $1.56B | $1.26B |
| Patrimônio Líquido | $864.3M | $1.09B | $1.10B | $1.17B | $1.34B | $1.29B | $1.23B | $1.17B | $1.14B | $979.9M |
| Dívida Total | $1.78B | $2.17B | $2.47B | $2.88B | $4.30B | $3.84B | $3.61B | $4.40B | $3.36B | $32.2M |
| Dívida Líquida | $1.69B | $2.05B | $2.37B | $2.76B | $4.19B | $3.75B | $3.46B | $4.23B | $3.20B | -$72.2M |
| Capital de Giro | $2.28B | $2.73B | $1.90B | $1.67B | $3.38B | $3.28B | $3.22B | $3.58B | $3.99B | $42.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $107.5M | $104.4M | $124.8M | $132.4M |
| Ativos Totais | $5.00B | $5.10B | $5.21B | $5.24B |
| Passivos Totais | $4.02B | $4.06B | $4.14B | $4.13B |
| Patrimônio Líquido | $928.5M | $979.9M | $1.00B | $1.05B |
| Dívida Total | $31.2M | $32.2M | $31.6M | $30.7M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $92.0M | $171.1M | $75.7M | $97.7M | $167.7M | $195.5M | $118.0M | -$66.8M | $88.6M | -$290.0M |
| Depreciação e Amortização | $24.4M | $19.8M | $19.3M | $17.5M | $18.5M | $15.3M | $15.2M | $18.6M | $10.8M | $10.4M |
| Compensação em Ações | $6.1M | $8.7M | $8.5M | $10.7M | $14.4M | $15.9M | $13.0M | $11.1M | $13.5M | $15.9M |
| Variação Capital de Giro | -$7.5M | -$32.1M | $2.4M | $8.7M | $32.5M | $11.4M | -$1.7M | $13.4M | $21.4M | -$21.2M |
| Fluxo de Caixa Operacional | $205.9M | $15.5M | $80.9M | $133.4M | $141.7M | $84.9M | $21.6M | -$97.5M | -$94.6M | -$85.5M |
| CapEx | -$14.2M | -$22.8M | -$20.5M | -$18.0M | -$17.2M | -$11.2M | -$13.3M | -$2.9M | -$4.0M | -$4.8M |
| Aquisições | -$60.2M | $93.3M | $4.9M | -$26.4M | 0 | -$647000 | 0 | 0 | 0 | 0 |
| Recompra de Ações | 0 | -$44.9M | 0 | 0 | 0 | -$200.9M | -$111.4M | 0 | 0 | -$20.0M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $191.7M | -$7.4M | $60.3M | $115.4M | $124.5M | $73.7M | $8.3M | -$100.4M | -$98.6M | -$90.4M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | -$10.1M | -$9.9M | $24.9M | -$36.3M |
| CapEx | -$1.2M | -$1.4M | -$1.4M | -$2.4M |
| Fluxo de Caixa Livre | -$11.3M | -$11.3M | $23.5M | -$38.7M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $4.0M | $3.6M | $4.5M | $4.6M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -1.2% | +6.8% | +13.4% | +7.0% | +2.8% | -11.8% | -15.6% | +37.8% | +10.4% |
| Crescimento Lucro Líquido (anual) | | +90.5% | -60.1% | +31.4% | +73.3% | +22.6% | -36.0% | -171.3% | +184.6% | -532.2% |
| Crescimento LPA (anual) | | +92.9% | -59.2% | +31.0% | +72.6% | +24.1% | -27.3% | -172.0% | +184.0% | -535.2% |
| Variação de Ações (anual) | | -1.2% | -0.9% | +0.4% | +0.6% | -1.2% | -12.0% | -1.8% | +0.9% | -0.9% |
| Crescimento FCF (anual) | | -103.8% | +919.3% | +91.2% | +7.9% | -40.8% | -88.7% | -1304.0% | +1.8% | +8.4% |
| Margem Bruta | 68.9% | 58.1% | 63.6% | 68.8% | 59.0% | 61.1% | 56.9% | 51.0% | 61.0% | 99.2% |
| Margem Operacional | 26.4% | 26.0% | 21.1% | 24.9% | 32.8% | 34.2% | 29.6% | 12.3% | 30.2% | 33.9% |
| Margem EBITDA | 28.4% | 24.9% | 26.5% | 28.0% | 21.3% | 24.3% | 17.6% | 1.3% | 18.6% | 1.5% |
| Margem Líquida | 10.4% | 20.0% | 7.5% | 8.7% | 14.0% | 16.7% | 12.1% | -10.2% | 6.3% | -24.6% |
| Margem FCF | 23.0% | -0.9% | 6.9% | 11.6% | 11.7% | 6.7% | 0.9% | -12.3% | -8.8% | -7.3% |
| Taxa Efetiva de Imposto | 32.1% | -6.8% | 15.4% | 16.8% | 19.7% | 21.9% | 23.8% | 19.5% | 19.2% | -19.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $4.13 | $-0.16 | $1.33 | $2.53 | $2.71 | $1.63 | $0.21 | $-2.56 | $-2.49 | $-2.31 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $46.3M | $45.7M | $45.3M | $45.4M | $45.5M | $45.0M | $39.6M | $39.2M | $39.4M | $39.2M |
O que olhar em Serviços Financeiros
Asset managers, brokers, fintech, bolsas. Não são bancos — olha AUM, comissões e qualidade do FCF.
- Crescimento receita 5 anos — Sem crescimento, não há criação de valor a longo prazo
- Margem operacional — Bons asset managers têm margens >30% pela escalabilidade
- ROE — Serviços financeiros de qualidade têm ROE >15% consistente
- FCF / Net Income — Qualidade do lucro — >90% esperado em negócios leves em capital
- Dívida / Equity — Fintech e brokers com D/E alto são bombas-relógio em crise
- P/E vs próprio 5 anos — Asset managers têm múltiplos estáveis em intervalos conhecidas
- Dividend yield + buybacks — Estes negócios devolvem muito capital — olhar yield total (div + recompras)
Rentabilidade
| Retorno sobre patrimônio | -26.80% |
| Retorno sobre capital investido | 221.19% |
| Retorno sobre ativos | -5.06% |
| Margem bruta | 107.28% |
| Margem operacional | 38.59% |
| Margem líquida | -19.43% |
Saúde financeira
| Dívida / Patrimônio | 0.03 |
| Liquidez corrente | 1.98 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 0.97 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 21.25 | 9.35 | 16.81 | 19.11 | 12.09 | 12.34 | 11.41 | -12.30 | 11.67 | -2.27 |
| P/VP | 2.10 | 1.39 | 1.01 | 1.41 | 1.35 | 1.75 | 1.09 | 0.88 | 0.72 | 0.71 |
| P/V | 2.18 | 1.84 | 1.26 | 1.66 | 1.70 | 2.06 | 1.39 | 1.26 | 0.73 | 0.56 |
| Margem Bruta | 68.9% | 58.1% | 63.6% | 68.8% | 59.0% | 61.1% | 56.9% | 51.0% | 61.0% | 99.2% |
| Margem Operacional | 26.4% | 26.0% | 21.1% | 24.9% | 32.8% | 34.2% | 29.6% | 12.3% | 30.2% | 33.9% |
| Margem Líquida | 10.4% | 20.0% | 7.5% | 8.7% | 14.0% | 16.7% | 12.1% | -10.2% | 6.3% | -24.6% |