Every material Form 8-K GEO Group filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
GEO Group reported third-quarter 2026 revenue of $761.1 million, up 12% from a year earlier, and adjusted net income of $51.8 million, up 48%. GAAP net income fell to $49.2 million from $173.9 million, which included a prior-year gain on asset divestitures. The company raised its full-year 2026 guidance for net income, adjusted net income and adjusted EBITDA, and disclosed a $950 million sale of the Adelanto Complex to ICE.
Q3 2026 revenue was $761.1 million versus $682.3 million in Q3 2025; GAAP diluted EPS was $0.37 versus $1.24
Q3 2026 adjusted net income was $51.8 million, or $0.39 per diluted share, versus $35.0 million, or $0.25, a year earlier
FY26 adjusted net income guidance raised to $185 million to $190 million ($1.40 to $1.44 per diluted share); adjusted EBITDA guidance raised to $568 million to $573 million
Share repurchase authorization raised by $750 million to $1.25 billion; about $1.07 billion remained available as of November 5, 2026
GEO Group delivered a notice to redeem all $650.0 million of its 8.625% Senior Secured Notes due 2029, at about $678 million plus accrued interest, on October 15, 2026. The company said it will fund the redemption with net proceeds from recently announced asset sales. A new credit agreement extends the $550.0 million revolving facility to July 14, 2031 and allows unlimited share repurchases if the total leverage ratio is 2.25 to 1.00 or lower, which matters to shareholders because it expands the company's capacity to buy back stock.
Redemption of $650.0 million 2029 Senior Secured Notes at $1,043.13 per $1,000 principal, about $678 million, on October 15, 2026
Amended and Restated Credit Agreement closed October 5, 2026; $550.0 million revolver maturity extended to July 14, 2031
Share repurchases permitted without limit if pro forma total leverage ratio is 2.25 to 1.00 or lower and no default exists
Board approved a $750 million increase in the share repurchase program, from $500 million to $1.25 billion, effective through December 31, 2029
GEO Group sold three Adelanto, California facilities totaling 2,644 beds to the Department of Homeland Security for $950 million, and expects about $705 million in net proceeds after taxes and fees. Its board also raised the share repurchase authorization by $750 million to $1.25 billion, and the company plans to use the proceeds to reduce debt, repurchase shares and for general corporate purposes, which matters to shareholders because it changes how capital will be deployed.
Adelanto West (1,280 beds), Adelanto East (660 beds) and Desert View Annex (704 beds) sold for $950 million; the sale was completed concurrently with the October 2, 2026 agreement.
Company anticipates about $705 million in net proceeds after federal and state taxes and transaction fees and expenses.
GEO expects to keep providing support services under its ICE contract, which runs through December 19, 2034, including the current term ending December 19, 2029 and a five-year option period; ICE can terminate for non-appropriation or conve
Repurchase authorization increased from $500 million to $1.25 billion, effective through December 31, 2029; no definitive agreement or timeline exists for other facility sales to ICE.
GEO Group reported second-quarter 2026 revenue of $732.1 million, up 15% from a year earlier, and net income attributable to GEO Operations of $47.5 million, or $0.36 per diluted share, up from $0.21. The company raised its full-year 2026 net income and Adjusted EBITDA guidance and issued third- and fourth-quarter guidance, which shareholders can use to gauge expected earnings through year-end.
Q2 2026 revenue was $732.1 million versus $636.2 million in Q2 2025; net income attributable to GEO Operations was $47.5 million ($0.36 per diluted share) versus $29.1 million ($0.21).
Full-year 2026 net income guidance was raised to $168 million-$175 million ($1.27-$1.32 per diluted share); Adjusted EBITDA guidance was raised to $550 million-$560 million.
Third-quarter 2026 net income is expected at $45 million-$48 million; fourth-quarter 2026 net income at $37 million-$41 million.
GEO repurchased about 1.6 million shares for $36.6 million in Q2 2026, leaving about $323 million of repurchase authorization.
GEO Group reported first-quarter 2026 revenue of $705.2 million, up 17% from a year earlier, and net income attributable to GEO Operations of $38.3 million, or $0.29 per diluted share, versus $0.14 a year earlier. The company raised its full-year 2026 guidance for revenue, net income per share and Adjusted EBITDA, which points to stronger expected earnings for shareholders.
Q1 2026 revenue of $705.2 million, up from $604.6 million in Q1 2025
Q1 2026 Adjusted EBITDA of $131.4 million, up 32% from $99.8 million
FY2026 guidance raised to $2.95-$3.10 billion revenue, $1.15-$1.25 diluted EPS and $525-$545 million Adjusted EBITDA
Q2 2026 guidance of $0.25-$0.29 diluted EPS on quarterly revenue of $715-$725 million; company repurchased about 3.6 million shares for $50 million in Q1
GEO Group said Chief Financial Officer Mark Suchinski will leave his position effective March 31, 2026, to relocate out of state and take a job in another industry. Shayn March, the company's Executive Vice President, Finance and Treasurer with 17 years at GEO, was appointed Senior Vice President and Chief Financial Officer effective April 1, 2026. The filing contains no financial results or guidance, so the change is a leadership transition rather than a measure of operating performance.
Mark Suchinski's last day as CFO is March 31, 2026; he notified the company on February 27, 2026
Shayn March takes the CFO role effective April 1, 2026, under a two-year employment agreement
March's base salary is $650,000, with a target annual performance award of 100% of base salary
March received an initial grant of 12,175 shares of restricted stock subject to performance-based vesting
GEO Group said CEO J. David Donahue will retire effective February 28, 2026, and founder George C. Zoley, currently Executive Chairman, will become Chairman and Chief Executive Officer effective March 1, 2026. Donahue will receive separation payments and a consulting fee through February 28, 2028, and Zoley's new employment agreement sets a $1,200,000 base salary with incentive awards tied to that salary, which shareholders can review in the filing.
J. David Donahue's retirement is effective February 28, 2026; he notified the company on February 6, 2026.
George C. Zoley's employment agreement runs through April 2, 2029 and sets a base salary of $1,200,000.
Zoley's target annual performance award is 200% of base salary, and his annual equity award has a grant date fair value of at least 300% of base salary.
Donahue will receive $104,167 per month under a consulting agreement from March 1, 2026 through February 28, 2028.
GEO Group reported fourth quarter 2025 revenue of $707.7 million, up from $607.7 million a year earlier, and net income attributable to GEO of $31.8 million, or $0.23 per diluted share, compared with $0.11 a year earlier. The company also issued initial 2026 guidance calling for GAAP net income of $0.99 to $1.07 per diluted share on revenue of $2.9 billion to $3.1 billion, which is below full-year 2025 GAAP EPS of $1.82 that included a $232.4 million pre-tax asset divestiture gain.
Q4 2025 revenue $707.7 million vs $607.7 million in Q4 2024; EPS $0.23 vs $0.11 per diluted share
Full-year 2025 GAAP EPS $1.82 includes a $232.4 million pre-tax gain on asset divestitures; adjusted EPS was $0.86
2026 guidance: GAAP EPS $0.99 to $1.07 and Adjusted EBITDA $490 million to $510 million; Q1 2026 EPS $0.17 to $0.19
At year-end 2025 cash was about $70 million and total debt about $1.65 billion; Q4 buybacks totaled $49.0 million with $409.4 million of authorization remaining
On January 20, 2026, GEO Group entered a third amendment to its credit agreement, raising revolving credit commitments from $450 million to $550 million. The amendment also lowers the incremental borrowing capacity GEO may request later from $250 million to $150 million, a change that tightens that future option.
Revolving credit facility commitments increased from $450 million to $550 million, effective January 20, 2026.
Incremental amount GEO may request later decreased from $250 million to $150 million.
Lenders include Citizens Bank, N.A., the administrative agent; GEO announced the closing in a January 22, 2026 press release.
Executive Chairman George C. Zoley said the upsize provides enhanced balance sheet flexibility.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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