Quarterly ResultMay 6, 2026, 06:18 AM
GEO Group Q1 Revenue +17% to $705.2M; FY26 Guidance Raised
AI Summary
GEO Group reported strong financial results for the first quarter of 2026, with revenues increasing 17% to $705.2 million and net income attributable to GEO Operations surging 96% to $38.3 million. The company also significantly increased its full-year 2026 financial guidance for revenues, net income, and Adjusted EBITDA, driven by new growth opportunities captured in 2025. Additionally, GEO Group repurchased approximately 3.6 million shares for $50 million during the quarter.
Key Highlights
- Q1 2026 revenues increased 17% to $705.2 million from $604.6 million in Q1 2025.
- Q1 2026 net income attributable to GEO Operations rose 96% to $38.3 million, or $0.29 per diluted share.
- Q1 2026 Adjusted EBITDA increased 32% to $131.4 million.
- Repurchased approximately 3.6 million shares for $50 million in Q1 2026.
- Full year 2026 revenue guidance increased to $2.95-$3.10 billion.
- Full year 2026 net income guidance increased to $153-$166 million, or $1.15-$1.25 per diluted share.
- Full year 2026 Adjusted EBITDA guidance increased to $525-$545 million.
- New or expanded contracts in 2025 represent up to $520 million in new incremental annualized revenues.