Earnings summaries and quarterly performance for GEO GROUP.
Executive leadership at GEO GROUP.
David Donahue
Detailed
Chief Executive Officer
CEO
CR
Christopher Ryan
Detailed
Senior Vice President, Human Resources
DR
Daniel Ragsdale
Detailed
Senior Vice President, Contract Administration and Compliance
DH
Donald Houston
Detailed
Senior Vice President, Health Services
GZ
George Zoley
Detailed
Executive Chairman
JN
Joe Negron
Detailed
Senior Vice President, Legal Services, General Counsel and Corporate Secretary
MS
Mark Suchinski
Detailed
Chief Financial Officer
MA
Matthew Albence
Detailed
Senior Vice President, Client Relations
NM
Nicole Mannarino
Detailed
Chief Compliance Officer and Controller, Financial Reporting
PL
Paul Laird
Detailed
Senior Vice President, Secure Services
RL
Richard Long
Detailed
Senior Vice President, Project Development
RB
Ronald Brack
Detailed
Executive Vice President, Chief Accounting Officer and Controller
SM
Shayn March
Detailed
Executive Vice President, Finance and Treasurer
Board of directors at GEO GROUP.
Research analysts who have asked questions during GEO GROUP earnings calls.
BM
Brendan Michael McCarthy
Sidoti & Company, LLC
6 questions for GEO
Also covers: AGM, ALEX, BENF +5 more
KL
Kirk Ludtke
Imperial Capital, LLC
5 questions for GEO
Also covers: CPS, CXW, EAF +2 more
ME
Matthew Erdner
JonesTrading Institutional Services
4 questions for GEO
Also covers: ACR, ADAM, AGNC +23 more
RS
Raj Sharma
Texas Capital Bank
4 questions for GEO
Also covers: APEI, ASPU, CXW +4 more
GG
Gregory Gibas
Northland Securities
3 questions for GEO
Also covers: ACEL, AMRK, ASUR +7 more
JG
Joe Gomes
Noble Capital Markets
3 questions for GEO
Also covers: ACCO, BLBX, BTBT +16 more
GG
Greg Gibas
Northland Securities, Inc.
2 questions for GEO
Also covers: ACEL, AIOT, AMRK +8 more
JW
Jason Weaver
Unaffiliated Analyst
2 questions for GEO
Also covers: AGNC, ARR, BRSP +18 more
JM
Jay McCanless
Wedbush Securities
2 questions for GEO
Also covers: BLDR, BZH, CCS +20 more
JG
Joseph Gomes
G.research, LLC
2 questions for GEO
Also covers: ACCO, BTBT, CMTL +17 more
BV
Brian Violino
Wedbush Securities Inc.
1 question for GEO
Also covers: CXW, RWT
GG
Greg Gibbes
Northland Capital Markets
1 question for GEO
JH
Jordon Hymowitz
Philadelphia Financial
1 question for GEO
Also covers: AGO, CACC, CXW +2 more
JJ
Joshua Joseph
Noble Capital Markets
1 question for GEO
Ted Franchetti
Wedbush Securities
1 question for GEO
Recent press releases and 8-K filings for GEO.
Fortuna Mining Corp. Reports Record Free Cash Flow and Strong Profitability for Q4 and Full Year 2025
GEO
Earnings
Share Buyback
Guidance Update
- Fortuna Mining Corp. reported record quarterly free cash flow from operations of $132.3 million and annual free cash flow of $330.0 million for 2025.
- The company achieved adjusted attributable net income from continuing operations of $71.3 million or $0.23 basic EPS for Q4 2025, and $203.1 million or $0.66 basic EPS for the full year 2025.
- Liquidity increased to $704.0 million, and the net cash position strengthened to $381.5 million by the end of 2025, a significant increase from $58.8 million at the end of 2024. The company also returned $16.2 million to shareholders in 2025 through its share buyback program.
- While achieving overall production guidance, the All-in Sustaining Costs (AISC) from continuing operations increased to $2,054 per ounce GEO in Q4 2025 and $1,933 per ounce GEO for the full year 2025, primarily due to higher royalties and the impact of rising metal prices. Lindero's annual production guidance was not met due to a 12-day stoppage.
Feb 19, 2026, 3:43 AM
OR Royalties Acquires Portfolio of Royalty Assets
GEO
M&A
New Projects/Investments
Guidance Update
- OR Royalties Inc. has acquired a portfolio of eight precious metals royalties for a total consideration of $115 million, anchored by a 1.5% net smelter return (NSR) royalty on Buenaventura’s producing San Gabriel gold and silver mine in Peru.
- This acquisition is expected to immediately increase Gold Equivalent Ounce (GEO) deliveries, contributing to a forecasted range of 80,000 - 90,000 GEOs in 2026 and 120,000 - 135,000 GEOs in 2030, representing approximately 50% expected GEO delivery growth over this period.
- The portfolio also includes a 2.0% NSR royalty on Torque Metals Ltd.'s Paris development project in Western Australia and a 2.5% Net Profits Interest (NPI) royalty over Freeport McMoRan Inc.'s and Amarc Resources Ltd.'s JOY district exploration project in British Columbia.
- Additionally, OR Royalties Inc. agreed to pay $52 million to acquire $60 million in deferred payment obligations from Galiano.
Feb 18, 2026, 9:28 PM
GEO Group announces CEO retirement and appointment of Founder George C. Zoley as Chairman and CEO
GEO
CEO Change
Management Change
Executive Compensation
- GEO's Chief Executive Officer, J. David Donahue, is retiring effective February 28, 2026.
- Dr. George C. Zoley, the company's Founder and Executive Chairman, will assume the role of Chairman and Chief Executive Officer, effective March 1, 2026, with his employment agreement extending through April 2, 2029.
- Donahue will provide consulting services to GEO from March 1, 2026, through February 28, 2028, receiving $104,167 per month.
- Zoley's new compensation package includes an annual base salary of $1,200,000, eligibility for a target annual performance award equal to 200% of his Base Salary, and an annual equity incentive award with a grant date fair value equal to 300% of his Base Salary.
Feb 12, 2026, 9:56 PM
GEO Group Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance, and Announces CEO Transition
GEO
Earnings
Guidance Update
CEO Change
- GEO Group reported net income of $32 million or $0.23 per diluted share on $708 million in revenues for Q4 2025, and net income of $254 million or $1.82 per diluted share on $2.63 billion in revenues for the full year 2025.
- The company secured new or expanded contracts since early 2025 representing up to $520 million in new incremental annualized revenues, including approximately $400 million from the activation of five ICE facilities and $100 million from two new Florida state contracts.
- For 2026, GEO Group issued initial guidance expecting full-year GAAP net income of $0.99-$1.07 per diluted share on annual revenues of $2.9 billion-$3.1 billion, and Adjusted EBITDA of $490 million-$510 million.
- The company strengthened its balance sheet by selling two facilities for $322 million, reducing net debt to approximately $1.5 billion, and repurchased approximately 5 million shares for $91 million under a $500 million authorization as of year-end 2025.
- CEO Dave Donahue will retire at the end of February 2026, with George Zoley returning to his previous position as Chairman and CEO.
Feb 12, 2026, 6:00 PM
GEO Group Announces Q4 and Full Year 2025 Results and 2026 Guidance
GEO
Earnings
Guidance Update
Debt Issuance
- The GEO Group reported Q4 2025 revenues of $707,695 thousand and FY 2025 revenues of $2,631,549 thousand. Net income attributable to GEO operations was $31,766 thousand for Q4 2025 and $254,372 thousand for FY 2025. Adjusted EBITDA was $125,962 thousand for Q4 2025 and $464,418 thousand for FY 2025.
- For FY 2026, the company provided guidance with a mid-point revenue of $3,000,000 thousand, Adjusted EBITDA of $500,000 thousand, and Net Income Attributable to GEO Operations /Diluted Share of $1.03.
- As of November 6, 2025, GEO's global operating portfolio included 95 facilities with approximately 74,803 beds. In FY 2025, 59% of revenue was from International operations, 24% from Owned and Leased facilities, and 17% from Managed Only facilities.
- As of December 31, 2025, GEO had long-term debt of $1,649,268 thousand, including $650,000 thousand in Senior Notes due 2029 and $625,000 thousand in Senior Notes due 2031, with $358,583 thousand outstanding on its revolving credit facility.
Feb 12, 2026, 6:00 PM
GEO Group Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance, and Highlights Significant Contract Wins
GEO
Earnings
Guidance Update
New Projects/Investments
- GEO Group reported net income attributable to GEO operations of approximately $32 million (or $0.23 per diluted share) on revenues of approximately $708 million for Q4 2025, and $254 million (or $1.82 per diluted share) on annual revenues of approximately $2.63 billion for full year 2025.
- The company issued initial financial guidance for full year 2026, projecting GAAP net income in the range of $0.99-$1.07 per diluted share on annual revenues of $2.9 billion-$3.1 billion, and Adjusted EBITDA between $490 million-$510 million.
- Since early 2025, GEO Group has secured new or expanded contracts representing up to approximately $520 million in new incremental annualized revenues, including $400 million from new ICE detainee facilities and $100 million from new Florida Department of Corrections management contracts.
- The company strengthened its balance sheet by selling two facilities for $322 million , reducing net debt to approximately $1.5 billion , and repurchasing approximately 5 million shares for $91 million under its $500 million share repurchase program as of year-end 2025.
Feb 12, 2026, 6:00 PM
GEO Group Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance, and Announces CEO Transition
GEO
Earnings
Guidance Update
Management Change
- GEO Group reported Q4 2025 revenues of approximately $708 million and net income of $32 million ($0.23 per diluted share), with full-year 2025 revenues of $2.63 billion and net income of $254 million ($1.82 per diluted share).
- Since the beginning of 2025, the company secured new or expanded contracts representing up to approximately $520 million in new incremental annualized revenues, including contracts for ICE detainees at four facilities totaling approximately 6,000 beds and the reactivation of the 1,940-bed Adelanto ICE Processing Center.
- For full-year 2026, GEO Group expects GAAP net income of $0.99-$1.07 per diluted share on annual revenues of $2.9 billion-$3.1 billion, and Adjusted EBITDA of $490 million-$510 million.
- The company closed 2025 with approximately $70 million in cash and $1.65 billion in total debt, with current net debt at approximately $1.5 billion, and aims to reduce net debt below three times leverage in 2026.
- Executive Chairman George Zoley will return as Chairman and CEO following the retirement of current CEO Dave Donahue at the end of February.
Feb 12, 2026, 6:00 PM
GEO Group Reports Q4 Results, Issues Weaker Guidance, and Announces CEO Retirement
GEO
Earnings
Guidance Update
CEO Change
- GEO Group's stock plunged over 40% year-over-year, hitting 52-week lows, following its Q4 report and weaker-than-expected guidance.
- The company reported Q4 net income of $31.8 million and adjusted EPS of $0.25 on revenue of $707.7 million, slightly beating some Street estimates.
- GEO issued Q1 guidance significantly below analysts' expectations, projecting revenue of $680–690 million and EPS of $0.17–0.19.
- CEO J. David Donahue announced his retirement at month-end, with founder George Zoley slated to become his successor on March 1.
- Hodges Capital disclosed a reduction in its position by 401,146 shares, an estimated $6.69 million sale, reflecting investor trimming.
Feb 12, 2026, 12:17 PM
GEO Group Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance
GEO
Earnings
Guidance Update
Share Buyback
- The GEO Group reported Q4 2025 total revenues of $707.7 million and full year 2025 total revenues of $2.6 billion. For the full year 2025, the company achieved Adjusted Net Income of $0.86 per diluted share and Adjusted EBITDA of $464.4 million.
- The company issued initial financial guidance for full year 2026, projecting GAAP Net Income of $0.99 to $1.07 per diluted share on annual revenues of $2.9 billion to $3.1 billion, and Adjusted EBITDA of $490 million to $510 million.
- In 2025, GEO repurchased approximately 4.94 million shares for $90.6 million under its share repurchase authorization. Operational highlights for 2025 included new or expanded contracts expected to generate up to approximately $520 million in annualized revenues.
Feb 12, 2026, 11:15 AM
GEO Group Reports Fourth Quarter and Full Year 2025 Results and Issues 2026 Guidance
GEO
Earnings
Guidance Update
Share Buyback
- GEO Group reported strong financial results for Q4 and Full Year 2025, with total revenues of $707.7 million and $2.6 billion respectively, and Adjusted EBITDA of $126.0 million and $464.4 million respectively.
- For the full year 2025, Adjusted Net Income was $0.86 per diluted share, an increase from $0.75 per diluted share in 2024.
- The company issued initial financial guidance for 2026, projecting full year GAAP Net Income of $0.99 to $1.07 per diluted share on annual revenues of $2.9 billion to $3.1 billion, and Adjusted EBITDA of $490 million to $510 million.
- In 2025, GEO Group repurchased approximately 4.94 million shares for $90.6 million, with $409.4 million remaining under its share repurchase authorization.
- Operational achievements in 2025 included securing new or expanded contracts expected to generate up to approximately $520 million in annualized revenues, reactivating the Adelanto ICE Processing Center, and completing the sale of the Lawton Correctional Facility for $312 million.
Feb 12, 2026, 11:00 AM
Quarterly earnings call transcripts for GEO GROUP.
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