GEO News & Events

Sees Q2 revenue .$715M-$725M, consensus $727.4M.

Sees 2026 revenue $2.95B-$3.10B, consensus $2.97B. Sees 2026 CapEx $137.5M-$162.5M.

Reports Q1 revenue $705.2M, consensus $688.49M. CEO George Zoley said, "We are very pleased with our Q1 results and improved full year outlook. Our strong performance has been driven by the new growth opportunities we captured in 2025 and are normalizing in 2026. Last year was the most successful period for new business wins in our Company's history with new or expanded contracts representing up to $520M in annualized revenues. We expect 2026 to be very active as well and therefore believe that we have upside potential across our diversified business segments. We remain focused on pursuing new growth opportunities and allocating capital to enhance long-term value for our shareholders. Given the intrinsic value of our assets, including 50,000 owned beds at 70 facilities, and our current and expected future growth, we believe that our stock offers a very attractive investment opportunity".

House Oversight Committee Democrats have opened an inquiry into outgoing Homeland Security Secretary Kristi Noem's aide, Corey Lewandowski, over allegations he sought personal payments from contractors, Laura Strickler and Julia Ainsley of NBC News report. They requested GEO Group provide details of his meetings both before and after the 2024 transition, while Lewandowski denied the claims. GEO Group holds more than a billion dollars worth of contracts with DHS, NBC News notes. "Corey Lewandowski appears to have engaged in deep-rooted corruption at the Department of Homeland Security, and this massive pay-to-play scheme should concern all Americans. We need answers directly from any companies Lewandowski was soliciting. Oversight Democrats are going to root out this corruption at DHS, and we won't stop until there's accountability," Rep. Robert Garcia said in a statement.