GEO Group Q2 Revenue Jumps 15%, Raises Full-Year Outlook on ICE Contract Wins
GEO has more than doubled off its 52-week low of $12.51.
Summary
GEO Group delivered a strong Q2 with revenue up 15% to $732.1M and net income surging 63% to $47.5M, driven by new contracts secured in 2025. Adjusted EBITDA rose 20% to $142M. The company also raised its full-year 2026 guidance, signaling confidence in sustained growth. Two new five-year ICE contracts—Big Horn ($85M annual revenue) and Rivers ($80M)—add significant backlog and are expected to contribute fully by early 2027. This follows a series of positive developments, including a prior ICE contract win in July and a favorable policy backdrop boosting private prison operators. With shares near a 52-week high, the updated guidance and contract wins reinforce the bullish thesis.
At the time of this announcement, GEO was trading at $32.55 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $12.51 to $32.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.