Earnings Releases·Nov 5, 2026, 6:30 AM ET

The GEO Group — Third Quarter 2026 Earnings Summary

Third quarter 2026 total revenues reached $761.1 million (up 12% YoY), while adjusted net income and adjusted EBITDA rose 48% and 21% respectively to $51.8 million and $145.3 million; full-year revenue guidance was raised to $2.975–$3.025 billion.
Management increased full-year 2026 adjusted net income guidance to $185–$190 million and adjusted EBITDA to $568–$573 million, driven by new contracts and the $950 million sale of the Adelanto Complex.
The company secured four new ICE contracts totaling approximately $500 million in incremental annual revenue, with facilities expected to reach normalized operations between early 2027 and Q2 2027.
Capital allocation priorities include a $750 million increase to the share repurchase program (total authorization now $1.25 billion) and the redemption of $650 million in senior secured notes using proceeds from the Adelanto sale.
Liquidity stands at approximately $600 million, with outstanding corporate debt reduced to $625 million following the refinancing of the revolving credit facility to a July 2031 maturity.