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Side-by-side financial comparison of Perion Network Ltd. (PERI) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
Perion Network Ltd. is the larger business by last-quarter revenue ($368.7M vs $333.4M, roughly 1.1× PRA GROUP INC). PRA GROUP INC runs the higher net margin — 17.0% vs 2.1%, a 14.9% gap on every dollar of revenue. Perion Network Ltd. produced more free cash flow last quarter ($-2.9M vs $-90.4M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 14.2%).
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
PERI vs PRAA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $333.4M |
| Net Profit | $7.7M | $56.5M |
| Gross Margin | — | — |
| Operating Margin | 2.0% | 37.7% |
| Net Margin | 2.1% | 17.0% |
| Revenue YoY | — | 13.7% |
| Net Profit YoY | — | 206.3% |
| EPS (diluted) | — | $1.47 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $333.4M | ||
| Q3 25 | $368.7M | $311.1M | ||
| Q2 25 | $266.5M | $287.7M | ||
| Q1 25 | $157.8M | $269.6M | ||
| Q4 24 | — | $293.2M | ||
| Q3 24 | $508.9M | $281.5M | ||
| Q2 24 | $323.6M | $284.2M | ||
| Q1 24 | $145.2M | $255.6M |
| Q4 25 | — | $56.5M | ||
| Q3 25 | $7.7M | $-407.7M | ||
| Q2 25 | $5.6M | $42.4M | ||
| Q1 25 | $11.8M | $3.7M | ||
| Q4 24 | — | $18.5M | ||
| Q3 24 | $78.0M | $27.2M | ||
| Q2 24 | $45.2M | $21.5M | ||
| Q1 24 | $23.8M | $3.5M |
| Q4 25 | — | 37.7% | ||
| Q3 25 | 2.0% | -101.4% | ||
| Q2 25 | -1.7% | 29.6% | ||
| Q1 25 | 5.4% | 27.7% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | 15.1% | 32.0% | ||
| Q2 24 | 13.7% | 31.4% | ||
| Q1 24 | 16.9% | 26.0% |
| Q4 25 | — | 17.0% | ||
| Q3 25 | 2.1% | -131.0% | ||
| Q2 25 | 2.1% | 14.7% | ||
| Q1 25 | 7.5% | 1.4% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | 15.3% | 9.6% | ||
| Q2 24 | 14.0% | 7.6% | ||
| Q1 24 | 16.4% | 1.4% |
| Q4 25 | — | $1.47 | ||
| Q3 25 | — | $-10.43 | ||
| Q2 25 | — | $1.08 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.47 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $0.54 | ||
| Q1 24 | — | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $156.2M | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $722.9M | $979.9M |
| Total Assets | $915.5M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.4M | ||
| Q3 25 | $156.2M | $107.5M | ||
| Q2 25 | $156.2M | $131.6M | ||
| Q1 25 | $156.2M | $128.7M | ||
| Q4 24 | — | $105.9M | ||
| Q3 24 | $187.6M | $141.1M | ||
| Q2 24 | $187.6M | $118.9M | ||
| Q1 24 | $187.6M | $108.1M |
| Q4 25 | — | $979.9M | ||
| Q3 25 | $722.9M | $928.5M | ||
| Q2 25 | $722.9M | $1.3B | ||
| Q1 25 | $722.9M | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $718.1M | $1.2B | ||
| Q2 24 | $718.1M | $1.1B | ||
| Q1 24 | $718.1M | $1.1B |
| Q4 25 | — | $5.1B | ||
| Q3 25 | $915.5M | $5.0B | ||
| Q2 25 | $915.5M | $5.4B | ||
| Q1 25 | $915.5M | $5.1B | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | $1.1B | $4.9B | ||
| Q2 24 | $1.1B | $4.7B | ||
| Q1 24 | $1.1B | $4.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.6M | $-85.5M |
| Free Cash FlowOCF − Capex | $-2.9M | $-90.4M |
| FCF MarginFCF / Revenue | -0.8% | -27.1% |
| Capex IntensityCapex / Revenue | 1.5% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.34× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-85.5M | ||
| Q3 25 | $2.6M | $-10.1M | ||
| Q2 25 | — | $-12.9M | ||
| Q1 25 | — | $-52.6M | ||
| Q4 24 | — | $-94.6M | ||
| Q3 24 | $105.2M | $-35.0M | ||
| Q2 24 | — | $-29.5M | ||
| Q1 24 | $17.8M | $-73.0M |
| Q4 25 | — | $-90.4M | ||
| Q3 25 | $-2.9M | $-11.3M | ||
| Q2 25 | — | $-14.2M | ||
| Q1 25 | — | $-53.5M | ||
| Q4 24 | — | $-98.6M | ||
| Q3 24 | $104.7M | $-36.1M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | $17.6M | $-73.5M |
| Q4 25 | — | -27.1% | ||
| Q3 25 | -0.8% | -3.6% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | -33.6% | ||
| Q3 24 | 20.6% | -12.8% | ||
| Q2 24 | — | -10.8% | ||
| Q1 24 | 12.2% | -28.8% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.5% | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | 0.1% | 0.2% |
| Q4 25 | — | -1.51× | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | — | -0.30× | ||
| Q1 25 | — | -14.37× | ||
| Q4 24 | — | -5.13× | ||
| Q3 24 | 1.35× | -1.29× | ||
| Q2 24 | — | -1.37× | ||
| Q1 24 | 0.75× | -21.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
