GEO Group GEO
Geo Group reports $49.21 million net income for Q3 2026
- Form
- 10-Q
- Filed
- Importance
- Notable
- Accession
- 0001193125-26-451881
- Revenue of $761.06 million for the three months ended Sep 30, 2026
- Net income of $49.21 million for the three months ended Sep 30, 2026
- Diluted EPS of $0.37 for the three months ended Sep 30, 2026
- Cash and equivalents of $215.96 million as of Sep 30, 2026
Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.
What changed since last quarter
6 new legal mentions
Compared with the 10-Q for the period ended Jun 30, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Revenue | $761.06M | $732.07M | +4% |
| Operating income and margin | $102.39M · 13.5% | $101.7M · 13.9% | +0.7%, margin −0.4 pts |
| Net income | $49.21M | $47.5M | +3.6% |
| Operating cash flow | $208.95M | $79.99M | +161% |
| Cash | $215.96M | $54.99M | +293% |
New legal mentions (6)
- On November 2, 2026, the parties filed a notice with the court indicating the parties would be preparing and submitting to the court by December 11, 2026, a proposed settlement for the court's consideration and preliminary approval, and requesting a hearing so that the Court may consider approval of the proposed…
- On September 15, 2026, the United States Solicitor General filed a brief urging the Court to accept GEO's petition and overturn the decision of the Ninth Circuit.
- On September 15, 2026, the United States Solicitor General filed a brief in the Nwauzor matter urging the Court to accept that petition and linking the petition in the Washington case to the issues in Nwauzor. +1 more paragraph
- On August 20, 2026, the District Court granted GEO's motion for a preliminary injunction against the enforcement of House Bill 1276. +1 more paragraph
- During Third Quarter 2025, we incurred a non-cash contingent litigation reserve of $37.6 million in connection with a legal case in the State of Washington.
- and 1 more in the filing
The reading, claim by claim
- The filing includes unaudited consolidated financial statements, including income statements, balance sheets, and cash flow statements.
- These documents provide details on revenues, operating expenses, and net income for the period.
- Operating income was $102,389 thousand, and net income attributable to The GEO Group, Inc. was $49,214 thousand.
- The company also disclosed weighted-average common shares outstanding and earnings per share figures for the period.
- The company's net income for the nine months ended September 30, 2026, was $135,051 thousand.
- This includes $134,969 thousand in net income and $82 thousand in net loss attributable to noncontrolling interests.
- The company's net income was $49.2 million, with an operating margin of 13.5% and a net margin of 6.5%.
- Total assets were $3,984,627 thousand, and total liabilities and shareholders' equity were $3,984,627 thousand.
- Shareholders' equity included $1,570,682 thousand in total equity, with $1,572,449 thousand attributable to The GEO Group, Inc.
9 of 12 claims matched the filing text.
Not found in the filing text
- For the three months ended September 30, 2026, GEO GROUP INC reported revenues of $761,062 thousand.
- In its 10-Q for the quarter ended September 30, 2026, GEO GROUP INC reported revenue of $761.1 million.
- The filing also includes details on the company's balance sheet as of September 30, 2026.
From the filing's financial data, not stated in its text
From this 10-Q's financial data (XBRL) for the quarter ended September 30, 2026
- Revenue increased by 11.5% compared to the same period a year earlier.
From the filing
ITEM 1. FINANCI AL STATEMENTS
ITEM 1.1 1FINANCI AL STATEMENTS1 THE GEO GROUP, INC.1
CONSOLIDATED STATEM ENTS OF OPERATIONS1
(Unaudited)
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025
(In thousands, except per share data)
Three Months Ended
Nine Months Ended
$
682,341
$
2,198,347
$
1,923,854
508,881
1,604,581
1,438,574
Depreciation and amortization
34,182
33,039
102,208
97,907
General and administrative expenses
72,122
62,121
198,167
176,116
Contingent litigation reserve
—
37,600
—
37,600
40,700
293,391
173,657
Interest income
2,051
2,558
6,951
7,021
Interest expense
( 38,143
)
( 38,234
)
( 115,000
)
( 122,582
)
Loss on extinguishment of debt
—
( 7,851
)
—
( 8,446
)
Other income
—
—
—
5,514
Gain (loss) on asset divestitures/impairment
—
232,381
( 673
)
232,381
Income before income taxes and equity in earnings of affiliates
66,297
229,554
184,669
287,545
Provision for income taxes
17,910
56,391
51,814
68,771
Equity in earnings of affiliates, net of income tax provision of
$ 299 , $ 219 , $ 744 and $ 618 , respectively
816
759
2,114
3,764
173,922
134,969
222,538
Net loss attributable to noncontrolling interests
11
18
82
68
Net income attributable to The GEO Group, Inc.3
$
173,940
$
135,051
$
222,606
Weighted-average common shares outstanding:4
138,283
131,052
137,992
Diluted
132,002
139,992
132,691
140,509
Net income per common share attributable to The GEO Group, Inc.:
Basic:
Net income per common share attributable to The GEO Group, Inc.-basic4
$
1.26
$
1.03
$
1.61
Diluted:
Net income per common share attributable to The GEO Group, Inc.-diluted
$
0.37
$
1.24
$
1.02
$
1.58
The accompanying notes are an integral part of these unaudited consolidated financial statements.
3
THE GEO GROUP, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025
(In thousands)
Three Months Ended
Nine Months Ended
$
173,922
$
134,969
$
222,538
Other comprehensive income, net of tax:
Foreign currency translation adjustments
434
766
2,677
6,787
Change in marketable securities, net of tax (benefit) provision of $( 428 ), $ 23 , $( 574 ), and $ 132 , respectively
( 1,603
)
86
( 2,162
)
496
Pension liability adjustment, net of tax provision (benefit)
of $ 2 , $( 13 ), $ 5 , and $( 39 ), respectively
7
( 50
)
19
( 148
)
Change in fair value of derivative instrument classified as cash flow hedge, net of tax provision (benefit) of
$ 312 , $( 45 ), $ 387 , and $( 315 ), respectively
1,174
( 169
)
1,455
( 1,184
)
Total other comprehensive income, net of tax
12
633
1,989
5,951
Total comprehensive income
49,215
174,555
136,958
228,489
Comprehensive loss attributable to noncontrolling interests
12
34
95
114
Comprehensive income attributable to The GEO Group, Inc.
$
49,227
$
174,589
$
137,053
$
228,603
The accompanying notes are an integral part of these unaudited consolidated financial statements.
4
CONSOLIDATED B ALANCE SHEETS1 SEPTEMBER 30, 2026 AND DECEMBER 31, 2025
(In thousands, except share data)
(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents
$
215,955
$
68,995
Restricted cash and cash equivalents
5,297
2,998
Accounts receivable, net of credit loss reserve of $ 796 and $ 857 , respectively
544,411
593,463
Prepaid expenses and other current assets
40,792
53,073
Total current assets
806,455
718,529
Restricted Cash and Investments
192,008
179,366
Property and Equipment, Net
1,713,918
1,884,198
Assets Held for Sale
146,798
—
Operating Lease Right-of-Use Assets, Net
122,014
72,294
Deferred Income Tax Assets
9,396
9,396
Goodwill
756,044
756,028
Intangible Assets, Net
111,872
117,332
Other Non-Current Assets
126,122
106,479
$
3,843,622
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Accounts payable
73,398
58,727
Accrued payroll and related taxes
117,237
82,086
Accrued expenses and other current liabilities
259,202
197,530
Operating lease liabilities, current portion
21,132
17,193
Current portion of finance lease liabilities and long-term debt
1,369
1,355
Total current liabilities
472,338
356,891
Deferred Income Tax Liabilities
99,689
99,689
Other Non-Current Liabilities
208,838
176,083
Operating Lease Liabilities
103,828
57,557
Long-Term Debt, Net
1,529,252
1,649,268
Commitments, Contingencies and Other Matters (Note 11)
Shareholders' Equity
Preferred stock, $ 0.01 par value, 30,000,000 shares authorized, none issued or outstanding
—
—
Common stock, $ 0.01 par value, 225,000,000 shares authorized, 142,466,761 and 141,182,435 issued and 132,368,960 and 136,242,983 outstanding, respectively
1,425
1,412
Additional paid-in capital
1,335,446
1,319,135
Retained earnings
429,303
294,252
Accumulated other comprehensive loss
( 15,970
)
( 17,972
)
Treasury stock, 10,097,801 and 4,939,452 shares, at cost, respectively
( 177,755
)
( 91,021
)
Total shareholders' equity attributable to The GEO Group, Inc.9
1,505,806
Noncontrolling interests
( 1,767
)
( 1,672
)
1,504,134
Total Liabilities and Shareholders' Equity8
$
3,843,622
The accompanying notes are an integral part of these unaudited consolidated financial statements.
5
CONSOLIDATED STATEM ENTS OF CASH FLOWS1
(Unaudited)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025
(In thousands)
Nine Months Ended
Cash Flow from Operating Activities:
$
222,538
Net loss attributable to noncontrolling interests
82
68
Net income attributable to The GEO Group, Inc.5
222,606
Adjustments to reconcile net income attributable to The GEO Group, Inc. to net cash provided by operating activities:
Depreciation and amortization e
Similar companies
Companies of similar size in SIC 1520 and related industry codes: the same peer list as the financial tables.
- Installed Building Products IBP public float $4.1B, Jun 30, 2025
- Lennar LEN public float $24.6B, May 31, 2025
- BOXABL BXBL public float $80M, Jun 30, 2025
- Eline Entertainment Group EEGI public float $3M, Jun 30, 2025
- Blackwell 3D Construction BDCC