The GEO Group, Inc.
geogroup.comWhat Do They Do?
Provides secure facility services, reentry programs and electronic monitoring to federal, state and local government agencies.
10-K for FY2025, filed Feb 25, 2026We specialize in the ownership, leasing and management of secure facilities, processing centers and reentry facilities and the provision of…View ↗
our secure facility management services involve the provision of security, administrative, rehabilitation, education, and food services at…View ↗
our reentry services involve supervision of individuals in community-based programs and reentry centers and the provision of temporary…View ↗
we provide comprehensive electronic monitoring and supervision services;View ↗
How Do They Make Money?
Government agencies pay for secure housing, facility management and reentry services at a daily rate per person or a fixed monthly rate; monitoring and supervision are billed per occurrence, with monthly management fees. Invoices are generally due within 30 days after services are performed.
10-K for FY2025, filed Feb 25, 2026The right to consideration under GEO's contracts is only dependent on the passage of time and is therefore considered to be unconditional.…View ↗
GEO recognizes revenue for secure housing services where GEO owns or leases the facility as services are performed. GEO provides for the…View ↗
GEO recognizes revenue for community-based reentry services where GEO owns or leases the facility in a manner similar to its secure…View ↗
GEO recognizes revenue for its managed only contracts in the same manner as its Owned and Leased Secure Services and Owned and Leased…View ↗
GEO recognizes revenues for electronic monitoring and case management services as the services are performed. Services provided consist of…View ↗
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10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by product or service ↗
$2.6B
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10-K for FY2025, filed Feb 25, 2026
$2.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Owned and Leased: Secure Services
Recurring
10-K for FY2025, filed Feb 25, 2026 |
53%
FY2022: 47%
|
Owned and Leased: Secure Services, FY2025
$1.4B Sources
|
Recurring |
|
Owned and Leased: Community-based
Recurring
|
6.3%
FY2022: 6.6%
|
Owned and Leased: Community-based, FY2025
$164.5M Sources
|
Recurring |
|
Managed Only
Recurring
10-K for FY2025, filed Feb 25, 2026 |
24%
FY2022: 22%
|
Managed Only, FY2025
$642.6M Sources
|
Recurring |
|
Electronic Monitoring Services and Other Reentry
|
17%
FY2022: 25%
|
Electronic Monitoring Services and Other Reentry, FY2025
$436.1M Sources
|
Who Are Their Customers?
Federal, state and local government agencies contract for secure facility, reentry, monitoring and supervision services at GEO-owned, leased or government-owned facilities. GEO also serves government agencies in Australia and South Africa.
10-K for FY2025, filed Feb 25, 2026We specialize in the ownership, leasing and management of secure facilities, processing centers and reentry facilities and the provision of…View ↗
our secure facility management services involve the provision of security, administrative, rehabilitation, education, and food services at…View ↗
our reentry services involve supervision of individuals in community-based programs and reentry centers and the provision of temporary…View ↗
we provide comprehensive electronic monitoring and supervision services;View ↗
we provide secure transportation services; and our services are provided at facilities which we either own, lease or are owned by our…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 10 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$124.9M.
10-K for FY2025, filed Feb 25, 2026
$257.5MView ↗
10-K for FY2025, filed Feb 25, 2026
$254.4MView ↗
10-K for FY2025, filed Feb 25, 2026
−$124.9MView ↗
How Are They Changing?
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Aug 6, 2026
Raised full-year earnings guidance
Raised net income guidance to $168 million to $175 million on revenue of $2.95 billion to $3.05 billion.
Sources
8-K, filed Aug 6, 2026
Today, we updated our financial guidance for the full year 2026 and issued our financial guidance for the third quarter 2026 and the fourth…View ↗
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Mar 5, 2026
Named a new chief financial officer
Mark Suchinski is leaving, and Shayn March will take over as CFO.
Sources
8-K, filed Mar 5, 2026
On February 27, 2026, Mark J. Suchinski, the Company’s Senior Vice President and Chief Financial Officer, notified The GEO Group, Inc.…View ↗
Growing. Revenue grew 17% in 4 years, from $2.3B in FY2021 to $2.6B in FY2025, about 4% a year.
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