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Side-by-side financial comparison of PRA GROUP INC (PRAA) and WORKIVA INC (WK). Click either name above to swap in a different company.
PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $238.9M, roughly 1.4× WORKIVA INC). PRA GROUP INC runs the higher net margin — 17.0% vs 4.9%, a 12.0% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs 13.7%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $-90.4M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% CAGR vs 14.2%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
PRAA vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $333.4M | $238.9M |
| Net Profit | $56.5M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 37.7% | 3.3% |
| Net Margin | 17.0% | 4.9% |
| Revenue YoY | 13.7% | 19.5% |
| Net Profit YoY | 206.3% | 234.0% |
| EPS (diluted) | $1.47 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $311.1M | $224.2M | ||
| Q2 25 | $287.7M | $215.2M | ||
| Q1 25 | $269.6M | $206.3M | ||
| Q4 24 | $293.2M | $199.9M | ||
| Q3 24 | $281.5M | $185.6M | ||
| Q2 24 | $284.2M | $177.5M | ||
| Q1 24 | $255.6M | $175.7M |
| Q4 25 | $56.5M | $11.8M | ||
| Q3 25 | $-407.7M | $2.8M | ||
| Q2 25 | $42.4M | $-19.4M | ||
| Q1 25 | $3.7M | $-21.4M | ||
| Q4 24 | $18.5M | $-8.8M | ||
| Q3 24 | $27.2M | $-17.0M | ||
| Q2 24 | $21.5M | $-17.5M | ||
| Q1 24 | $3.5M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | 37.7% | 3.3% | ||
| Q3 25 | -101.4% | -1.5% | ||
| Q2 25 | 29.6% | -10.3% | ||
| Q1 25 | 27.7% | -12.0% | ||
| Q4 24 | 32.1% | -6.7% | ||
| Q3 24 | 32.0% | -11.7% | ||
| Q2 24 | 31.4% | -13.0% | ||
| Q1 24 | 26.0% | -10.4% |
| Q4 25 | 17.0% | 4.9% | ||
| Q3 25 | -131.0% | 1.2% | ||
| Q2 25 | 14.7% | -9.0% | ||
| Q1 25 | 1.4% | -10.4% | ||
| Q4 24 | 6.3% | -4.4% | ||
| Q3 24 | 9.6% | -9.2% | ||
| Q2 24 | 7.6% | -9.9% | ||
| Q1 24 | 1.4% | -6.7% |
| Q4 25 | $1.47 | $0.21 | ||
| Q3 25 | $-10.43 | $0.05 | ||
| Q2 25 | $1.08 | $-0.35 | ||
| Q1 25 | $0.09 | $-0.38 | ||
| Q4 24 | $0.47 | $-0.15 | ||
| Q3 24 | $0.69 | $-0.31 | ||
| Q2 24 | $0.54 | $-0.32 | ||
| Q1 24 | $0.09 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $104.4M | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.9M | $-5.4M |
| Total Assets | $5.1B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.4M | $338.8M | ||
| Q3 25 | $107.5M | $315.9M | ||
| Q2 25 | $131.6M | $284.3M | ||
| Q1 25 | $128.7M | $242.0M | ||
| Q4 24 | $105.9M | $301.8M | ||
| Q3 24 | $141.1M | $248.2M | ||
| Q2 24 | $118.9M | $267.9M | ||
| Q1 24 | $108.1M | $296.1M |
| Q4 25 | $979.9M | $-5.4M | ||
| Q3 25 | $928.5M | $-36.9M | ||
| Q2 25 | $1.3B | $-66.5M | ||
| Q1 25 | $1.2B | $-75.7M | ||
| Q4 24 | $1.1B | $-41.7M | ||
| Q3 24 | $1.2B | $-50.8M | ||
| Q2 24 | $1.1B | $-77.7M | ||
| Q1 24 | $1.1B | $-83.2M |
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $5.4B | $1.3B | ||
| Q1 25 | $5.1B | $1.3B | ||
| Q4 24 | $4.9B | $1.4B | ||
| Q3 24 | $4.9B | $1.3B | ||
| Q2 24 | $4.7B | $1.2B | ||
| Q1 24 | $4.5B | $1.2B |
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 | $-85.5M | $51.0M |
| Free Cash FlowOCF − Capex | $-90.4M | $50.7M |
| FCF MarginFCF / Revenue | -27.1% | 21.2% |
| Capex IntensityCapex / Revenue | 1.4% | 0.1% |
| Cash ConversionOCF / Net Profit | -1.51× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $-169.4M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-85.5M | $51.0M | ||
| Q3 25 | $-10.1M | $46.2M | ||
| Q2 25 | $-12.9M | $50.3M | ||
| Q1 25 | $-52.6M | $-7.4M | ||
| Q4 24 | $-94.6M | $44.0M | ||
| Q3 24 | $-35.0M | $18.9M | ||
| Q2 24 | $-29.5M | $-14.0K | ||
| Q1 24 | $-73.0M | $24.8M |
| Q4 25 | $-90.4M | $50.7M | ||
| Q3 25 | $-11.3M | $46.1M | ||
| Q2 25 | $-14.2M | $49.3M | ||
| Q1 25 | $-53.5M | $-8.1M | ||
| Q4 24 | $-98.6M | $43.2M | ||
| Q3 24 | $-36.1M | $18.7M | ||
| Q2 24 | $-30.8M | $-122.0K | ||
| Q1 24 | $-73.5M | $24.6M |
| Q4 25 | -27.1% | 21.2% | ||
| Q3 25 | -3.6% | 20.5% | ||
| Q2 25 | -4.9% | 22.9% | ||
| Q1 25 | -19.8% | -3.9% | ||
| Q4 24 | -33.6% | 21.6% | ||
| Q3 24 | -12.8% | 10.1% | ||
| Q2 24 | -10.8% | -0.1% | ||
| Q1 24 | -28.8% | 14.0% |
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 0.4% | 0.5% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 1.4% | 0.4% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 0.5% | 0.1% | ||
| Q1 24 | 0.2% | 0.1% |
| Q4 25 | -1.51× | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | -0.30× | — | ||
| Q1 25 | -14.37× | — | ||
| Q4 24 | -5.13× | — | ||
| Q3 24 | -1.29× | — | ||
| Q2 24 | -1.37× | — | ||
| Q1 24 | -21.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
