Geo reports strong Q3 2026 results and updates full-year guidance

Item 2.02

Results of Operations and Financial Condition.

On November 5, 2026, The GEO Group, Inc. ("GEO" or the "Company") issued a press release announcing its financial results for the third quarter ended September 30, 2026 and updating its financial guidance for the fourth quarter and full year ending December 31, 2026.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Section 9

Financial Statements and Exhibits

Item 9.01

Financial Statements and Exhibits.

Exhibit

No.

Description

99.1

Press Release, dated November 5, 2026, announcing GEO's financial results for the third quarter ended September 30, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

November 5, 2026

By:

/s/ Shayn P. March

Date

Shayn P. March

Senior Vice President and Chief Financial Officer

NEWS RELEASE

4955 Technology Way ∎ Boca Raton, Florida 33431 ∎ www.geogroup.com

CR-26-18

THE GEO GROUP REPORTS THIRD QUARTER 2026 RESULTS AND UPDATES FULL YEAR 2026 GUIDANCE

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3Q26 Revenues Increased 12% to $761.1 Million

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3Q26 Net Income Attributable to GEO Operations of $49.2 Million

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3Q26 Adjusted Net Income Increased 48% to $51.8 Million

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3Q26 Adjusted EBITDA Increased 21% to $145.3 Million

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Guidance for FY26 Revenues of $2.975-$3.025 Billion

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Guidance for FY26 Net Income Attributable to GEO Operations Increased to $726.3-$730.5 Million, Including Gain on Sale of Adelanto, Calif. ICE Complex

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Guidance for FY26 Adjusted EBITDA Increased to $568-$573 Million

Boca Raton, Fla. – November 5, 2026 — The GEO Group, Inc. (NYSE: GEO)

("GEO", "we" or the "Company"), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported its financial results for the third quarter 2026 and updated fourth quarter 2026 and full year 2026 financial guidance.

For the third quarter 2026, we reported total revenues of $761.1 million compared to $682.3 million for the third quarter 2025, reflecting a 12 percent increase.¹ We reported third quarter 2026 net income attributable to GEO Operations of $49.2 million, or $0.37 per diluted share², compared to net income attributable to GEO Operations of $173.9 million, or $1.24 per diluted share, for the third quarter 2025, which included a gain on asset divestitures and other unusual or non-recurring items.

Third quarter 2026 results reflect $3.5 million, pre-tax, in combined non-cash contingent liability and litigation and settlement costs, start-up expenses, transaction fees, employee restructuring expenses, and close-out expenses. Excluding these items, we reported adjusted net income for the third quarter 2026 of $51.8 million, or $0.39 per diluted share, compared to $35.0 million, or $0.25 per diluted share, for the third quarter 2025, reflecting a 48 percent increase.³

We reported third quarter 2026 Adjusted EBITDA of $145.3 million, compared to $120.1 million for the third quarter 2025, reflecting a 21 percent increase.⁴

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Contact: Pablo E. Paez

(866) 301 4436

Executive Vice President, Corporate Relations

NEWS RELEASE

George C. Zoley, GEO's Chairman, Chief Executive Officer and Founder, said, "Our diversified business units have continued to deliver strong financial and operational performance throughout 2026, and our third quarter 2026 results marked a record-breaking quarter for GEO, with the highest level of quarterly revenues and adjusted EBITDA ever reported in our company's history. Our better-than-expected performance in 2026 has been driven by the significant revenue growth from the new or expanded contracts that we entered into throughout 2025. So far in 2026, we have had an even more successful year, entering into new or expanded contracts with an overall value of approximately $500 million in incremental annual revenues."

"We are pleased with the recent $950 million sale of the Adelanto, California U.S. Immigration and Customs Enforcement ("ICE") Complex, and we remain engaged in an active process for the potential sale of multiple other company-owned facilities to ICE. Given the intrinsic value of our assets, including 48,000 owned beds; our strong financial performance in providing diversified secure support services; and our expected future growth, we believe that our stock continues to be significantly undervalued and that share repurchases are therefore a paramount capital allocation priority for our Company," Zoley added.

Results for the First Nine Months of 2026

For the first nine months of 2026, we reported total revenues of $2.2 billion compared to $1.9 billion for the first nine months of 2025, reflecting a 14 percent increase.⁵ We reported net income attributable to GEO Operations for the first nine months of 2026 of $135.1 million, or $1.02 per diluted share, compared to net income attributable to GEO Operations of $222.6 million, or $1.58 per diluted share, for the first nine months of 2025, which included a gain on asset divestitures and other unusual or non-recurring items.

Results for the first nine months of 2026 reflect $5.6 million, pre-tax, in combined loss on asset divestitures/impairment, non-cash contingent liability and litigation and settlement costs, start-up expenses, transaction fees, employee restructuring expenses, and close-out expenses. Excluding these items, we reported adjusted net income for the first nine months of 2026 of $139.2 million, or $1.05 per diluted share⁶, compared to $85.3 million, or $0.61 per diluted share, for the first nine months of 2025, reflecting a 63 percent increase.

We reported Adjusted EBITDA for the first nine months of 2026 of $418.7 million, compared to $338.5 million for the first nine months of 2025, reflecting a 24 percent increase.

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Contact: Pablo E. Paez

(866) 301 4436

Executive Vice President, Corporate Relations

NEWS RELEASE

Operational Highlights

We entered into a five-year support services contract, effective July 9, 2026, with ICE for the activation of a federal immigration proc