EarningsQ2 2026 Earnings Report
MX:GEO1 Q2 2026 EPS Results
Actual EPS$6.81
Consensus EPS$5.30
Beat/MissBeat by +$1.51
One Year Ago EPS$4.05
MX:GEO1 Q2 2026 Revenue Results
Actual Revenue$13.48B
Expected Revenue$13.28B
Beat/MissBeat by +$196.00M
YoY Revenue Growth+15.08%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:GEO1 Upcoming Earnings
Geo Group's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:GEO1 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial momentum: solid top-line growth (+15% revenue), outsized net income and EPS gains (63% and 71%), improved adjusted EBITDA (+20%), raised full-year guidance, meaningful new ICE contracts that add significant bed capacity and future revenue, and active share repurchases. Key risks and challenges cited include timing delays for several managed contracts (Florida facilities), a temporary lapse in skip-tracing revenue due to funding disruptions, modest near-term ISAP headcount growth despite favorable device/case mix, higher operating expenses from activations, and uncertainty around potential asset sales to ICE. On balance, positive execution and upgraded guidance substantially outweigh the operational and timing risks described on the call.Company Guidance
Revenue Growth
Second quarter 2026 revenues of approximately $732.1M vs $636.2M in Q2 2025, representing a 15% year-over-year increase driven by 2025 contract wins and facility activations.
Net Income and EPS Expansion
Net income attributable to GEO operations of ~$47.5M ($0.36 diluted EPS) in Q2 2026 vs ~$29.1M ($0.21) in Q2 2025, reflecting a 63% increase in net income and a 71% increase in EPS.
Adjusted EBITDA Improvement
Adjusted EBITDA rose to ~ $142M in Q2 2026 from ~$118.6M in Q2 2025, a 20% increase, supporting improved operating profitability.
New ICE Contracts & Bed Growth
Two new ICE support services contracts to reactivate Bighorn (1,190 beds, ~$85M annual revenue upon normalization) and Rivers (1,320 beds, ~$80M annual revenue upon normalization); active ICE beds expected to rise from ~24k to ~29.5k after activations.
Large Pipeline of Idle Capacity
Approximately 4.5k idle, high-security company-owned beds remain available; GEO estimates these could generate ~ $250M in incremental annual revenue at full capacity.
ISAP Technology & Mix Shift
ISAP participant count ~184k with a material shift to higher-priced monitoring: GPS ankle monitors increased to ~54k (from ~17k in early 2025) and ~116k on case-management — a mix shift expected to increase ISAP revenues even if headcount is stable.
Raised Full-Year 2026 Guidance
Updated full-year GAAP net income guidance increased to $168M–$175M ($1.27–$1.32/share) on revenues of $2.95B–$3.05B; adjusted EBITDA guidance raised to $550M–$560M.
Capital Allocation & Share Repurchases
Repurchased ~1.6M shares (~$37M) in Q2 bringing total repurchases to ~10.1M shares for ~$177M since Aug 2025; ~$323M remains available under the $500M authorization, demonstrating shareholder-return discipline.
Balance Sheet & Leverage
Total cash ~$55M, total debt ~$1.54B, net debt ~$1.5B with net leverage below 3x adjusted EBITDA and total available liquidity of ~ $300M (cash + revolver availability).
Secure Transportation & Service Expansion
Significant expansion in secure transport services (new 5-year USMS contract and expansions with ICE) and expected incremental transportation revenue (~$20M combined annually) from Bighorn/Rivers once normalized.
MX:GEO1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed