GEO GROUP INC — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
GEO Group reported Q2 2026 revenues of $732.1M (up 15% YoY) and net income of $47.5M (up 63% YoY). The company raised FY2026 guidance to $2.95–$3.05B revenues and $168–$175M net income ($1.27–$1.32 per share). Major driver: two new 5-year ICE contracts—Big Horn Facility (1,188 beds, ~$85M annual revenue) effective July 9, 2026, and Rivers Facility (1,320 beds, ~$80M annual revenue) effective August 1, 2026. Company repurchased 1.6M shares for $36.6M in Q2 and has $323M remaining on its $500M authorization. Adjusted EBITDA increased 20% to $142M in Q2.
Why this rating
Two ICE contracts (~$165M combined annual revenue) represent ~5.4% of raised FY26 guidance midpoint ($3B), material for a $3.3B market-cap company. Strong YoY growth, raised guidance, and new facility activations are operationally meaningful but execution risk remains.
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