New Contract Awards and Revenue Growth
CoreCivic announced new contract awards for four facilities expected to generate approximately $320 million in annual revenue once stabilized occupancy is reached. The company anticipates a total annual run rate revenue of $2.5 billion and an increase in EBITDA by $100 million to over $450 million by the first half of 2026.
ICE Detention Population Increase
ICE detention populations were at historical highs of around 60,000 at the end of September 2025. ICE populations in CoreCivic facilities increased by 3,700 to almost 14,000, a 37% increase since the end of 2024.
Share Repurchase Program
CoreCivic has repurchased 5.9 million shares of common stock in the first nine months of 2025 at an aggregate cost of $121 million. The company plans to execute an aggressive buyback plan, likely to be more than double the amount done in previous quarters.
Strong State Partner Engagement
Revenue from state partners increased by 3.6% compared to the prior year quarter, driven by new contracts with the State of Montana and increased populations in Georgia.