Name | Value |
---|---|
Revenues | 367.1M |
Cost of Revenue | 139.3M |
Gross Profit | 227.8M |
Operating Expense | 121.7M |
Operating I/L | 106.1M |
Other Income/Expense | -65.3M |
Interest Income | -4.0M |
Pretax | 40.8M |
Income Tax Expense | 10.1M |
Net Income/Loss | 30.6M |
Encore Capital Group, Inc. is a specialty finance company that focuses on debt recovery solutions and related services for consumers worldwide. The company purchases defaulted consumer receivables at discounted rates and manages them through repayment plans, aiding individuals in their financial recovery. Additionally, it offers early stage collection, business process outsourcing, and contingent collection services, as well as debt servicing and portfolio management for non-performing loans. By purchasing distressed consumer debt and providing debt recovery services, Encore Capital Group generates revenue through the collection and management of these assets.