ECPGHIGH SIGNALFINANCIAL10-K

ECPG achieved a dramatic turnaround with operating income surging 298% to $627M and swinging from a $139M net loss to $257M profit.

This represents a remarkable operational transformation for the debt collection company, with revenue growth of 34% driving massive margin expansion and profitability recovery. The magnitude of the swing from substantial losses to strong profitability suggests either a major business model improvement, significant cost restructuring, or potentially one-time benefits that warrant close examination.

Comparing 2026-02-25 vs 2025-02-26View on EDGAR →
FINANCIAL ANALYSIS

ECPG delivered exceptional financial performance with revenue growing 34% to $1.8B while operating income exploded 298% to $627M, indicating substantial margin expansion. The company swung from a $139M net loss to $257M profit despite higher interest expenses of $202M, demonstrating strong operational leverage. While cash declined 22% to $157M and total assets grew modestly to $5.3B, the dramatic profitability turnaround signals either a major business transformation or potentially unsustainable one-time benefits requiring further analysis.

FINANCIAL STATEMENT CHANGES
Operating Income
P&L
+298.3%
$157.3M$626.6M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Net Income
P&L
+284.4%
-$139.2M$256.8M

Net income grew 284.4% — bottom-line growth signals improving overall business health.

Revenue
P&L
+34.4%
$1.3B$1.8B

Strong top-line growth of 34.4% — accelerating demand or successful expansion into new markets.

Interest Expense
P&L
+31.7%
$153.3M$201.9M

Interest expense surged 31.7% — significant debt increase or rising rates materially impacting earnings.

Cash & Equivalents
Balance Sheet
-21.6%
$199.9M$156.8M

Cash decreased 21.6% — monitor burn rate and upcoming capital needs.

Total Assets
Balance Sheet
+11.5%
$4.8B$5.3B

Asset base grew 11.5% — expansion through organic growth, acquisitions, or capital deployment.

LANGUAGE CHANGES
NEW — 2026-02-25
PRIOR — 2025-02-26
ADDED
Company Information Our headquarters is located in San Diego, California 92108 and our telephone number is (877) 345-3002.
For MCM, we maintain domestic collection call centers in Phoenix, Arizona, St.
For Cabot we have call centers in various locations in Europe.
We have robust training and monitoring programs to help ensure our account managers are compliant with applicable laws and policies.
We expect digital collections to increase as we continue to enhance our digital strategies and increase consumer awareness of our digital channels.
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REMOVED
Company Information Our headquarters is located in San Diego, California 92108 and our telephone number is (858) 309-1679.
Our current collection approaches consist of: Direct Mail and Email .
We maintain domestic collection call centers in Phoenix, Arizona, St.
We have robust training and monitoring programs to help ensure compliance with applicable laws and policies by our account managers.
We expect digital collections to increase as we continue to develop our digital strategies and more consumers become aware of the digital channel.
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