Geo Group (GEO) Q1 2026 Earnings Transcript
The GEO Group reported a 17% increase in total revenue to $705.2 million and a 96% year-over-year increase in net income to $38.3 million for Q1 2026. The company provided guidance for 2026, projecting revenue between $2.95 billion and $3.1 billion and adjusted EBITDA between $525 million and $545 million.
The GEO Group released its Q1 2026 earnings, reporting total revenue of $705.2 million, up 17% from the previous year. Net income was $38.3 million, or $0.29 per diluted share, a 96% increase year over year. The company's adjusted EBITDA was $131.4 million, a 32% increase. Secure services revenue increased by $70 million, driven by three reactivated facilities for ICE. The company repurchased 3.6 million shares for $50 million and has $359 million remaining on its $500 million share repurchase authorization. GEO Group provided 2026 guidance, projecting revenue between $2.95 billion and $3.1 billion and adjusted EBITDA between $525 million and $545 million. The company is discussing the potential sale of multiple company-owned facilities to ICE, with proceeds aimed at debt reduction and share repurchases.
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