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ECPG

Encore Capital Group, Inc.

ECPG

Encore Capital Group, Inc. • NASDAQ
$51.89 ▲ 1.49% (+0.76)
Market Cap $1.16 B
52w High $52.47
52w Low $26.45
Dividend Yield 0%
P/E -28.83
Volume 129.04K
Outstanding Shares 22.30M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $460.353M ▲ $83.446M ▼ $74.66M ▲ 16.218% ▲ $3.22 ▲ $177.584M ▲
Q2-2025 $442.122M ▲ $173.651M ▲ $58.721M ▲ 13.282% ▲ $2.5 ▲ $158.044M ▲
Q1-2025 $392.775M ▲ $157.5M ▼ $46.796M ▲ 11.914% ▲ $1.96 ▲ $135.005M ▲
Q4-2024 $265.619M ▼ $217.916M ▲ $-225.307M ▼ -84.823% ▼ $-9.42 ▼ $-136.206M ▼
Q3-2024 $367.071M $121.675M $30.643M 8.348% $1.28 $114.248M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $172.488M ▼ $5.258B ▲ $4.305B ▲ $952.914M ▲
Q2-2025 $172.896M ▼ $5.191B ▲ $4.295B ▲ $895.971M ▲
Q1-2025 $187.117M ▼ $4.97B ▲ $4.151B ▲ $819.061M ▲
Q4-2024 $199.865M ▼ $4.79B ▼ $4.022B ▲ $767.331M ▼
Q3-2024 $247.353M $4.994B $3.946B $1.048B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $74.66M ▲ $81.581M ▲ $-45.897M ▲ $-36.674M ▼ $-408K ▲ $75.563M ▲
Q2-2025 $58.721M ▲ $9.524M ▼ $-69.374M ▲ $46.893M ▲ $-14.221M ▼ $3.194M ▼
Q1-2025 $46.796M ▲ $45.283M ▲ $-100.278M ▲ $40.337M ▼ $-12.748M ▲ $38.293M ▲
Q4-2024 $-225.307M ▼ $23.544M ▼ $-264.725M ▼ $187.287M ▲ $-47.488M ▼ $14.776M ▼
Q3-2024 $30.643M $45.927M $-43.819M $-9.005M $-3.268M $39.727M

Revenue by Products

Product Q4-2016Q1-2025Q2-2025Q3-2025
Operating Segments
Operating Segments
 $0 ▲$390.00M ▲$440.00M ▲$460.00M ▲
Tax Lien Business
Tax Lien Business
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Encore’s revenue has been fairly resilient over the past few years, with a recent return to growth after a soft patch. Profitability, however, has been quite volatile. Operating results improved meaningfully in the latest year compared with the prior one, showing that the core business is still capable of generating healthy margins when conditions are favorable. Even so, the company has reported net losses in the last two years, suggesting that interest costs, regulatory or legal items, or other non-operating factors are weighing on the bottom line. Overall, the business model can produce strong earnings, but results are sensitive to the credit cycle and external shocks, and recent years highlight that risk.

Balance Sheet

Balance Sheet The balance sheet shows a business that relies heavily on borrowing to fund its portfolio purchases. Total assets have stayed relatively steady, but debt remains high and has crept up again after a brief step down, while shareholders’ equity has gradually declined. This points to a more leveraged capital structure and a thinner cushion to absorb future setbacks. Cash on hand is modest relative to total obligations, which is typical for this type of company but underscores its dependence on continued access to financing. Financial flexibility looks adequate but not abundant, making prudent risk management and stable funding relationships especially important.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive over the last five years, even as reported earnings have swung up and down. The company has repeatedly produced more than enough cash to cover its relatively modest capital spending, leaving room for portfolio purchases, interest payments, and other uses. Free cash flow remains positive, although not as strong as in the best years earlier in the period. In short, Encore continues to turn its business activity into cash, but the margin for error has narrowed somewhat, given the combination of higher leverage and more volatile earnings.

Competitive Edge

Competitive Edge Encore operates from a position of scale in the debt buying and recovery market, with a long operating history and a global footprint. Its key strengths lie in its large proprietary data sets, advanced analytics, and deep familiarity with complex regulations, all of which create meaningful barriers for smaller or newer competitors. The company’s consumer-centric approach—focusing on respectful treatment and tailored repayment plans—also differentiates it in a reputation-sensitive industry and can help maintain strong relationships with original lenders. On the other hand, the business remains exposed to regulatory scrutiny, reputational risk, and shifts in credit quality, so its strong competitive position does not fully shield it from external pressures.

Innovation and R&D

Innovation and R&D Innovation at Encore is centered on data, digital tools, and behavioral insight rather than traditional lab-style R&D. The company has invested in cloud-based systems, AI-driven analytics, and digital engagement platforms to sharpen how it prices portfolios, prioritizes accounts, and interacts with consumers. Its internal research institute adds an academic lens to understanding consumer behavior, feeding into more personalized and empathetic collection strategies. Looking ahead, Encore appears focused on deepening the use of machine learning, expanding digital self-service options, and selectively adding technology or data capabilities through partnerships or acquisitions. This steady, process-focused innovation is aimed at making the core business more precise, scalable, and efficient over time.

Summary

Encore Capital Group combines a data-rich, technology-enabled collection platform with a sizable presence in a niche, highly regulated corner of financial services. The company’s revenue base has proved durable and is recovering, and underlying operating performance has improved recently, reflecting solid execution and the benefits of its analytical and digital capabilities. At the same time, recent net losses, higher leverage, and a thinner equity base highlight the financial and regulatory risks inherent in the model. Consistent positive cash flow and a strong competitive moat are notable strengths, but the business remains cyclical and exposed to policy changes and funding conditions. The key things to watch are the path back to steady, sustainable profitability, management of debt levels, and continued progress on technology and consumer-centric initiatives that can support more stable results over the long run.

NEWS

November 5, 2025 · 4:05 PM UTC

Encore Capital Group Announces Third Quarter 2025 Financial Results

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October 6, 2025 · 4:05 PM UTC

Encore Capital Group to Announce Third Quarter 2025 Financial Results on November 5

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September 24, 2025 · 6:46 PM UTC

Encore Capital Group, Inc. Announces Pricing of Upsized Senior Secured Notes Offering

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September 24, 2025 · 8:17 AM UTC

Encore Capital Group, Inc. Announces Proposed Senior Secured Notes Offering

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