The GEO Group — Third Quarter 2026 Earnings Summary

The GEO Group reported third-quarter 2026 revenues of $761.1 million, representing a 12% increase from the prior year, alongside adjusted net income of $51.8 million and adjusted EBITDA of $145.3 million. The company completed the $950 million sale of its Adelanto, California ICE Complex, which contributed a significant gain to the fourth quarter and full-year results. Additionally, GEO secured multiple new long-term contracts with ICE, including facilities in Colorado, North Carolina, and Texas, expected to generate approximately $505 million in annual revenues upon full activation. The company updated its full-year 2026 guidance, projecting revenues between $2.975 billion and $3.025 billion and adjusted net income per diluted share between $1.40 and $1.44.