The GEO Group Inc. publishes 2025 annual report with USD 2.63 billion revenue

Reuters
Mar 20
The GEO Group Inc. publishes 2025 annual report with USD 2.63 billion revenue
  • GEO reported contract awards and expansions totaling up to USD 520 million in incremental annualized revenue, including new ICE detainee housing contracts covering about 6,000 beds.
  • Facility start-ups included Delaney Hall (New Jersey), North Lake (Michigan), D. Ray James (Georgia), the North Florida Detention Facility, and the reactivation of the Adelanto ICE Processing Center (California).
  • Transportation unit GTI expanded secure ground services at seven ICE facilities and signed a five-year contract with the U.S. Marshals Service covering 26 federal judicial districts across 14 states.
  • BI secured a new two-year ICE contract for the ISAP program and received a separate two-year ICE award for skip tracing services valued at up to USD 60 million per year.
  • GEO said it ended the period with about 6,000 idle high-security beds available for potential future use.


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