Total Revenue

0.6% decrease (from 605.7 million USD in Q1 2024 to 604.65 million USD in Q1 2025)

Marginal revenue decline was seen in Q1 2025 as services such as Electronic Monitoring & Supervision experienced lower figures, which slightly outweighed modest gains in U.S. Secure, Reentry, and International Services. This reflects ongoing challenges in driving strong revenue growth compared to the previous period. " " "

Operating Income

34% decrease (from 92,660 thousand USD in Q1 2024 to 60,984 thousand USD in Q1 2025)

Operating income dropped sharply due to rising operating expenses—an increase of 12,103 thousand USD—and higher general and administrative costs by 4,679 thousand USD. The nearly flat revenue base failed to absorb these rising costs, significantly squeezing margins compared to Q1 2024. " "

Net Income

30% decrease (from 27,994 thousand USD in Q1 2024 to 19,558 thousand USD in Q1 2025)

Net income experienced a notable decline primarily driven by the reduced operating income. Increased expenses and a challenging cost structure, despite relatively stable top-line figures, led to lower net profitability relative to the previous period. " "

Operating Cash Flow

17% decrease (from 85,807 thousand USD in Q1 2024 to 71,225 thousand USD in Q1 2025)

Operating cash flow weakened due to a combination of lower net income, a modest rise in depreciation and amortization, increased stock-based compensation, and significant shifts in working capital components like accounts receivable and accounts payable. These factors collectively reduced the cash generated from operations compared to Q1 2024. " "

Total Assets

1.4% decrease (from 3,684,510 thousand USD in Q1 2024 to 3,632,465 thousand USD in Q1 2025)

Total assets remained nearly flat with only minor decreases in key asset categories such as cash, accounts receivable, and property and equipment. This slight reduction indicates stable asset management with only minimal adjustments compared to the previous period. " "