The GEO Group achieved substantial growth in contracts and capacity, reduced its debt significantly, and initiated a share buyback program. However, the company faces challenges with government delays impacting new ICE contracts, legal expenses impacting earnings, and pricing pressures on the ISAP contract.

Company Guidance

During The GEO Group's Third Quarter 2025 Earnings Call, the company provided guidance indicating significant progress towards their financial and strategic objectives. Since early 2025, GEO has secured new or expanded contracts worth over $460 million in new incremental annualized revenues. These include contracts for ICE detainees at five facilities expected to generate over $300 million in additional revenues at full occupancy. GEO's current ICE capacity stands at over 26,000 beds, with a census exceeding 22,000, marking the highest ICE population in the company's history. The company has also expanded secure transportation services, representing an anticipated $60 million in incremental annualized revenues. GEO has won a new 2-year ISAP 5 contract, with potential participant growth to 361,000 in year one and 465,000 in year two, aiming to capture further growth opportunities. Financially, GEO reduced net debt by approximately $275 million, closing the third quarter with $1.4 billion in total net debt and a net leverage of 3.2x adjusted EBITDA. The company projects total revenues of approximately $3 billion in 2026, with updated fourth-quarter 2025 guidance predicting GAAP net income of $0.23 to $0.27 per diluted share, adjusted EBITDA between $117 million and $127 million, and annual revenues of approximately $2.6 billion.

Record New Contracts Secured

The GEO Group entered into new or expanded contracts representing over $460 million in new incremental annualized revenues, the largest amount of new business in a single year in the company's history.

Increase in ICE Detainee Capacity

GEO activated several ICE facilities, increasing total ICE capacity to over 26,000 beds with a census exceeding 22,000, the highest ICE population ever recorded by the company.

Significant Debt Reduction and Share Buyback

GEO reduced its total net debt by approximately $275 million, lowering net leverage to 3.2x adjusted EBITDA, and repurchased approximately 2 million shares for $42 million.

New ISAP 5 Contract

Awarded a new 2-year ISAP 5 contract with capacity for 361,000 participants in year 1 and 465,000 participants in year 2, valued at over $1 billion.

Geo Group (GEO) Earnings, Revenues Date & History

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GEO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 17, 2026	2025 (Q4)	0.26 / -	0.13	―	―	―
Nov 06, 2025	2025 (Q3)	0.23 / 0.25	0.21	19.05% (+0.04)
Aug 06, 2025	2025 (Q2)	0.17 / 0.22	0.23	-4.35% (-0.01)
May 07, 2025	2025 (Q1)	0.19 / 0.14	0.18	-22.22% (-0.04)
Feb 27, 2025	2024 (Q4)	0.22 / 0.13	0.29	-55.17% (-0.16)
Nov 07, 2024	2024 (Q3)	0.24 / 0.21	0.19	10.53% (+0.02)
Aug 07, 2024	2024 (Q2)	0.26 / 0.23	0.24	-4.17% (>-0.01)
May 07, 2024	2024 (Q1)	0.20 / 0.18	0.22	-18.18% (-0.04)
Feb 15, 2024	2023 (Q4)	0.17 / 0.29	0.34	-14.71% (-0.05)
Nov 07, 2023	2023 (Q3)	0.19 / 0.19	0.33	-42.42% (-0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GEO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2025	$16.81	$15.41	-8.33%
Aug 06, 2025	$25.84	$22.88	-11.46%
May 07, 2025	$30.37	$27.32	-10.04%
Feb 27, 2025	$25.78	$27.34	+6.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.