GEO Group 2Q26 net income attributable to GEO operations rises 63% to $47.5 million; revenue climbs 15% to $732.1 million

• The GEO Group posted 2Q26 revenue up 15% to $732.1 million, net income attributable to GEO Operations up 63% to $47.5 million.
• Adjusted EBITDA climbed 20% to $142 million; results reflected revenue growth from 2025 contract wins and lower labor costs.
• Repurchased 1,600,000 shares for $36.6 million during the quarter, leaving $323 million under its $500 million authorization.
• Signed two five-year ICE support services contracts to activate the 1,188-bed Big Horn facility and 1,320-bed Rivers facility, targeting $165 million annual revenue.
• Raised FY26 outlook to revenue of $2.95-$3.05 billion, net income attributable to GEO Operations of $168-$175 million, adjusted EBITDA of $550-$560 million.

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