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.
GEO Group director and officer George C. Zoley reported gifting Common Stock shares, while retaining a large direct stake in the company. On 2026-06-04, he made three bona fide gifts of 100,000 shares of Common Stock each, totaling 300,000 shares, to separate 2026 trusts established for the benefit of his grandchildren.
After these gifts, Zoley directly holds 3,702,529 shares of GEO Group Common Stock and 250,000 shares of Restricted Stock. The filing also shows 100,000 Common Stock shares held in each of the George Meehan 2026 Trust, Olivia Meehan 2026 Trust, and Alexander Meehan 2026 Trust. The trusts are administered by his spouse as trustee, and Zoley has no pecuniary interest or investment control over the trust-held shares.
The GEO Group Inc.: Schedule 13G disclosure
Pentwater Capital Management and Matthew Halbower report 9,615,000 shares of Common Stock beneficially owned, representing 7.2% of the class based on 132,707,287 shares outstanding as of March 3, 2026. The position includes 50,000 shares issuable upon exercise of call options. The filing lists shared voting and dispositive power of 9,615,000 shares held on behalf of Pentwater Funds and is signed by Matthew Halbower.
GEO Group Inc. Schedule 13G shows Continental General Insurance Company and related entities report beneficial ownership of 6,775,296 shares of GEO common stock, representing approximately 5.1% of the company’s outstanding shares. The filing cites 133,618,284 Shares outstanding as of May 4, 2026. The filing names CGIC as direct owner and states CIG, CGH and Michael Gorzynski may be deemed to beneficially own the same block through ownership/manager roles. The joint filing agreement is dated May 14, 2026.
The GEO Group, Inc. reported strong results for the quarter ended March 31, 2026. Revenue rose to $705.2 million from $604.6 million a year earlier, while net income attributable to GEO increased to $38.3 million from $19.6 million. Diluted earnings per share doubled to $0.29 from $0.14.
Operating income grew to $89.3 million, supported by higher contributions from U.S. Secure Services and International Services. Operating cash flow climbed to $156.5 million from $71.2 million, helping GEO reduce total debt to $1.59 billion. The company repurchased about 3.6 million shares for $50.1 million under its share repurchase program and ended the quarter with $80.2 million in cash. GEO also continues to manage significant litigation and regulatory challenges, including class actions over its Voluntary Work Program and state laws affecting immigration detention facilities.
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.
GEO Group Inc/The — Vanguard Capital Management reported beneficial ownership of 6,785,863 shares of common stock, representing 5.11% of the class as of 03/31/2026. The filing states Vanguard has sole power to dispose of 6,785,863 shares and sole voting power over 1,022,589 shares. The disclosure attributes holdings to Vanguard Capital Management and affiliated Vanguard business divisions.
Vanguard Portfolio Management reported beneficial ownership of 7,586,125 shares of GEO Group Inc common stock, representing 5.71% of the class. The filing shows sole voting power for 133,687 shares and sole dispositive power for 7,586,125 shares. The filing is signed by Ashley Grim.