ECPG — what changed in the latest 10-Q
A section-by-section comparison of ECPG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-05 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +30 | −19 | ~26 | 68 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 5 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +5 | −3 | ~1 | 15 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-05
In Europe, capital deployments increased during the three and six months ended June 30, 2026, as compared to the corresponding periods in the prior year. Capital deployment can fluctuate based on the timing of the forward flow contracts and spot purchases. Pricing continues to remain competitive in …
Collections from purchased receivables increased by $81.9 million, or 12.5%, to $736.9 million during the three months ended June 30, 2026, as compared to $655.0 million during the three months ended June 30, 2025. Gross collections from purchased receivables increased by $195.5 million, or 15.5%, t…
(1)All portfolios are on non-accrual basis. Annual pool groups for other geographies have been aggregated for disclosure purposes.
(1)All portfolios are on non-accrual basis. Annual pool groups for other geographies have been aggregated for disclosure purposes.
Servicing revenue decreased during the three and six months ended June 30, 2026, as compared to the three and six months ended June 30, 2025, primarily driven by decreases in BPO revenue and collection service fees. Other revenues decreased during the three and six months ended June 30, 2026, as com…
Text removed vs the prior filing · source: 10-Q · 2026-05-06
In Europe, capital deployment decreased during the three months ended March 31, 2026, as compared to the corresponding period in the prior year. Pricing continues to remain competitive in our European footprint, constraining the amount of capital we choose to deploy in Europe. Capital deployment can…
Total collections from purchased receivables$718,414 $604,807
Collections from purchased receivables increased by $113.6 million, or 18.8%, to $718.4 million during the three months ended March 31, 2026, as compared to $604.8 million during the three months ended March 31, 2025. The increase in collections in the United States was primarily a result of consist…
Servicing revenue decreased during the three months ended March 31, 2026, as compared to the three months ended March 31, 2025, primarily driven by decreases in BPO revenue and collection service fees. Other revenues decreased during the three months ended March 31, 2026, as compared to the three mo…
The following table summarizes operating expenses during the periods presented (in thousands, except percentages):
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-05
During the fiscal quarter ended June 30, 2026, no director or officer of the Company adopted, modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement.
Third Certificate of Amendment of Certificate of Incorporation of Encore Capital Group, Inc. (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on June 16, 2026)
Indenture dated May 22, 2026 between Encore Capital Group, Inc., the subsidiary guarantors party thereto, GLAS Trust Company LLC as trustee and Truist Bank as security agent for 2032 Notes (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on May 26, 2026)
Indenture dated May 28, 2026 between Encore Capital Group, Inc., the subsidiary guarantors party thereto, GLAS Trust Company LLC as trustee and Truist Bank as security agent for 2033 Notes (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on May 29, 2026)
Amended and Restated Encore Capital Group, Inc. 2017 Incentive Award Plan (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on June 16, 2026)
Text removed vs the prior filing · source: 10-Q · 2026-05-06
On March 10, 2026, Andrew Asch, SVP, General Counsel and Government Affairs, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) to sell up to 9,085 shares of Encore Capital Group, Inc. common stock between June 9, 2026 and March 10, 2027, subject to certain conditio…
On March 11, 2026, John Yung, President International and Cabot Credit Management, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) to sell up to 4,000 shares of Encore Capital Group, Inc. common stock between June 10, 2026 and March 11, 2027, subject to certain c…
Non-Employee Director Compensation Program Guidelines, effective June 12, 2026 (filed herewith)
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice