Every 8-K that The GEO Group, Inc. (GEO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow GEO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GEO filings page.
The GEO Group, Inc. completed the sale of its three-facility Adelanto Complex in California to the United States for an aggregate gross purchase price of $950 million; the facilities total 2,644 beds. After federal and state taxes and transaction fees and expenses, GEO anticipates approximately $705 million in net proceeds. The company intends to use the proceeds, together with cash flow from operations, to reduce debt, repurchase common stock and for general corporate purposes.
On October 5, 2026, GEO announced that its Board had increased the share repurchase authorization from $500 million to $1.25 billion, effective through December 31, 2029. The authorization does not obligate GEO to repurchase any particular amount. GEO expects to continue support services for the facilities under its existing ICE contract, which has a full term through December 19, 2034, inclusive of the current term ending December 19, 2029 and a five-year option period. ICE may terminate the contract for non-appropriation of funds or convenience. GEO is also pursuing possible sales of other company-owned facilities to ICE, but has no definitive agreement or precise timeline for additional transactions and gives no assurance they will occur.
The GEO Group reported strong growth for the quarter ended June 30, 2026. Second-quarter 2026 revenue rose to $732.1 million from $636.2 million, a 15 percent increase. Net income attributable to GEO Operations was $47.5 million, or $0.36 per diluted share, up from $29.1 million, or $0.21 per diluted share, reflecting a 63 percent increase. Adjusted net income was $48.8 million, or $0.37 per diluted share, and Adjusted EBITDA increased to $142.0 million from $118.6 million, a 20 percent increase, supported in part by lower labor costs.
For the first six months of 2026, revenue reached $1.44 billion, up 16 percent, while net income attributable to GEO Operations rose 76 percent to $85.8 million; Adjusted EBITDA grew 25 percent to $273.4 million. GEO entered two five-year ICE support services contracts for its Big Horn and Rivers facilities, expected to generate about $85 million and $80 million in annual revenue respectively once fully operational, with ICE reimbursing related capital and start-up costs.
GEO raised its full-year 2026 outlook to net income attributable to GEO Operations of $168 million to $175 million, or $1.27 to $1.32 per diluted share, on revenues of $2.95 billion to $3.05 billion, and now expects Adjusted EBITDA of $550 million to $560 million. At quarter-end, the company held about $55 million in cash, total debt of about $1.54 billion, net leverage below 3 times trailing Adjusted EBITDA, and approximately $300 million of liquidity. GEO has repurchased 10.1 million shares for $177 million under its $500 million authorization, leaving $323 million available and about 132 million shares outstanding.
The GEO Group, Inc. reported strong first quarter 2026 results and raised its full-year outlook. Q1 2026 revenue was $705.2 million, up 17% from $604.6 million a year earlier. Net income attributable to GEO Operations rose to $38.3 million, or $0.29 per diluted share, nearly double the prior-year $19.6 million, or $0.14 per share.
Adjusted EBITDA increased 32% to $131.4 million, supported by new and expanded contracts and lower-than-expected labor costs. For full-year 2026, GEO now expects net income attributable to GEO Operations of $153 million to $166 million ($1.15–$1.25 per diluted share) on revenue of $2.95 billion to $3.10 billion, and Adjusted EBITDA of $525 million to $545 million.
The GEO Group, Inc. reported shareholder voting results from its 2026 Annual Meeting held on April 28, 2026. Shareholders elected seven directors for one-year terms, with each nominee receiving more votes for than against.
Shareholders ratified the appointment of Grant Thornton LLP as GEO’s independent registered public accountants for the 2026 fiscal year, with 105,876,959 votes for, 783,626 against, and 110,979 abstentions. In a non-binding advisory vote, shareholders approved compensation for GEO’s named executive officers, with 67,226,927 votes for, 26,715,413 against, 124,770 abstentions, and 12,704,454 broker non-votes.
The GEO Group, Inc. announced a planned chief financial officer transition. Current CFO Mark J. Suchinski will leave his role effective March 31, 2026 to relocate and take a position in another industry. Long‑time executive Shayn March, currently Executive Vice President, Finance and Treasurer, will become Senior Vice President and Chief Financial Officer effective April 1, 2026.
March, who has been with GEO for 17 years and previously served as Acting CFO in 2024, entered into a new two‑year Executive Employment Agreement starting April 1, 2026. He will receive a $650,000 annual base salary, a target annual performance award equal to 100% of base salary, and annual restricted stock awards with grant date fair value of at least 80% of base salary. Upon appointment, he will receive an initial grant of 12,175 shares of restricted stock, vesting upon performance goals. The agreement includes severance equal to one year of base salary and continued executive benefits for twelve months upon certain qualifying separations, full vesting of outstanding equity awards other than performance‑based restricted stock, and a non‑competition covenant lasting three years after separation.
The GEO Group, Inc. announced that Chief Executive Officer J. David Donahue will retire effective February 28, 2026. He signed a separation agreement under which he will receive consulting fees of $104,167 per month from March 1, 2026 through February 28, 2028, continued COBRA health coverage for up to 18–24 months, and continued vesting of his outstanding equity awards.
Founder and Executive Chairman Dr. George C. Zoley has been appointed Chairman and Chief Executive Officer effective March 1, 2026 under an amended employment agreement running through April 2, 2029. He will receive a base salary of $1,200,000, a target annual performance bonus equal to 200% of base salary, and annual restricted stock awards with grant-date fair value of at least 300% of base salary, in addition to existing retirement benefits.
The GEO Group, Inc. reported much stronger results for the fourth quarter and full year 2025 and issued its first outlook for 2026. Fourth quarter 2025 net income attributable to GEO operations rose to $31.8 million, or $0.23 per diluted share, on revenue of $707.7 million, up from $15.5 million, or $0.11 per share, on $607.7 million a year earlier. Adjusted net income increased to $34.8 million, or $0.25 per diluted share, and Adjusted EBITDA grew to $126.0 million from $108.0 million.
For full year 2025, net income attributable to GEO operations jumped to $254.4 million, or $1.82 per diluted share, from $32.0 million, largely reflecting a $232.4 million gain on asset divestitures and a $38.2 million non‑cash contingent litigation reserve tied to a Washington state case. On an adjusted basis, net income increased to $120.1 million, or $0.86 per diluted share, compared with $101.0 million, or $0.75 per share, while revenue grew to $2.63 billion from $2.42 billion and Adjusted EBITDA edged up to $464.4 million from $463.5 million.
The company highlighted new and expanded contracts across ICE detention, secure transportation, and state corrections, plus the sale of its Lawton facility for $312 million and purchase of the San Diego facility for about $60 million. GEO ended 2025 with roughly $70 million in cash and $1.65 billion in total debt, and noted current net debt around $1.5 billion. It also repurchased about 4.94 million shares in 2025 for approximately $90.6 million, leaving $409.4 million available under its $500 million authorization. For 2026, GEO expects GAAP net income of $0.99–$1.07 per diluted share on $2.9–$3.1 billion of revenue, Adjusted EBITDA of $490–$510 million, and capital expenditures of $120–$155 million, with first quarter 2026 diluted EPS guidance of $0.17–$0.19 and revenue of $680–$690 million.
The GEO Group, Inc. amended its main credit agreement, increasing its revolving credit facility commitments from $450 million to $550 million. At the same time, the amendment reduced the future Incremental Amount the company may request, cutting it from $250 million to $150 million for additional term loans, incremental equivalent debt or further increases to the revolver, subject to conditions in the amended agreement. GEO also noted that it issued a press release announcing the closing of this third amendment.
The GEO Group, Inc. announced that Joe Negron, its Senior Vice President, Legal Services, General Counsel and Corporate Secretary, has decided to retire from his position effective December 31, 2025. He has served as GEO’s General Counsel and Corporate Secretary since 2019, overseeing the company’s legal, regulatory and corporate governance functions.
Beginning January 1, 2026, Mr. Negron will continue with GEO for a two-year period as a consultant to assist on various legal, regulatory and compliance matters, providing continuity as the company transitions its senior legal leadership. The company also states that his outstanding performance-based restricted stock awards granted in 2023 and 2024 will continue to vest to the extent the performance criteria are met and certified by the Compensation Committee.
The GEO Group, Inc. reported that it entered into a Second Amendment to its Credit Agreement with Citizens Bank and other lenders. The amendment removes the 3.00 to 1.00 total leverage ratio hurdle from one-half of the existing $150.0 million general carve-out in the agreement’s restricted payments covenant.
In practical terms, this change makes it easier for GEO to use part of that $150.0 million allowance for actions such as dividends, share repurchases, or other restricted payments without first meeting that specific leverage test, while the rest of the covenant structure under the credit agreement remains in place.
The GEO Group (GEO) furnished third‑quarter 2025 results and updated guidance via a press release and announced a larger, longer share repurchase program. The Board approved increasing the authorization to $500 million and extended the program’s expiration to December 31, 2029.
Repurchases may be made at management’s discretion in the open market, by block purchase, through privately negotiated transactions, pursuant to a trading plan, or otherwise in compliance with Rule 10b‑18. The Board may extend, increase, decrease, suspend, or terminate the program at any time, and the authorization does not obligate the company to repurchase any amount. The Q3 2025 financial results and guidance update were provided in an accompanying press release furnished as an exhibit.
The GEO Group, Inc. entered into a joint venture agreement with another contractor to provide management services for the State of Florida at the North Florida Detention Facility in Baker County.
The facility has a capacity of 1,310 beds, indicating a sizeable new management engagement for GEO within its core correctional and detention services business.
The GEO Group, Inc. disclosed a material legal-related update stating it faces pre-judgment interest in the approximate amount of $14.4 million. The company notes that post-judgment interest is accruing on these judgments in accordance with Washington law. The filing points readers to prior securities reports, including the annual report for the year ended December 31, 2024 and quarterly reports for the periods ended March 31, 2025 and June 30, 2025, for additional details. The report is signed by Mark J. Suchinski, Senior Vice President and Chief Financial Officer, dated August 18, 2025.