Geo Group(NYSE) GEO

The GEO Group, Inc. helps government agencies manage secure facilities and support people returning to their communities. It uses technology to monitor individuals and provides rehabilitation programs like job training. These services help governments run justice and immigration systems safely and efficiently.

Services That Support Public Safety

• U.S. Secure Services: Public-private partnership managing secure facilities and processing centers in the United States; accounts for 71.2% of revenue.
• Electronic Monitoring and Supervision: Technology products like GPS and alcohol monitoring devices for community supervision; represents 10.5% of revenue.
• Reentry Services: Community-based programs providing housing, job assistance, and rehabilitation to help people reintegrate into society; makes up 10.0% of revenue.
• International Services: Secure facility management and transportation services in Australia and South Africa; represents 8.3% of revenue.

Expanding the Facility Network

• Entered into a five-year support services contract with U.S. Immigration and Customs Enforcement (ICE) on July 29, 2026, for the 1,320-bed Rivers Facility.
• Signed a five-year contract with ICE on July 13, 2026, for the 1,188-bed Big Horn Facility to operate a federal immigration processing center.
• Amended a Credit Agreement on July 14, 2025, which increased borrowing capacity and lowered interest rates.
• Paid off a Term Loan under the existing credit agreement in July 2025.

Beyond Traditional Detention

The company operates 96 facilities worldwide with approximately 75,000 beds as of June 30, 2026. Its "GEO Continuum of Care" program uses evidence-based therapy and vocational training to help individuals transition back to their communities.

Measuring Recent Performance

• Consolidated revenue was $1,437.3 million for the six-month period ended June 30, 2026, up 15.8% year over year.
• Net income rose to $85.8 million for the six-month period ended June 30, 2026, compared to $48.6 million in the prior year.
• The company maintained an average facility occupancy rate of 91% for the six-month period ended June 30, 2026.
• Interest expense decreased by $7.5 million to $76.9 million for the six-month period ended June 30, 2026, due to lower principal and interest rates.
• Net cash provided by operating activities was $236.5 million for the six-month period ended June 30, 2026.

Bottom Line

The GEO Group has shifted its focus toward diverse services including electronic monitoring and community reentry support. Its evolution is driven by new federal contracts and a platform designed to reduce recidivism through rehabilitation.