Filing Flows › CoreCivic (CXW) › Q4 2025
CoreCivic (CXW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
CoreCivic (CXW) reported revenue of $604M for the fourth quarter 2025 (Q4 2025), +26% from a year earlier and +4% from the quarter before. Operating margin was 9.2%, net earnings $26.5M (4.4% of revenue).
CoreCivic, Q4 2025: revenue $604M (+26% year over year), operating margin 9.2%, net earnings $26.5M, operating cash flow −$376K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $604M | +4% | +26% |
| Operating profit | $55.8M | +10% | +46% |
| Net earnings | $26.5M | +0.9% | +38% |
| Operating cash flow | −$376K | -101% | — |
What changed
Revenue was $604.0M in Q4 2025, up 26% year over year and up 4% from the previous quarter.
Operating profit was $55.8M, a 9.2% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 8% margin then. Total costs grew 24% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+26%). Net earnings were $26.5M, up 38% year over year. The effective tax rate was 26.8%.
Operating cash flow was −$376K. Non-cash charges added back $33.9M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items used $67.4M. Capital expenditures of $44.8M exceeded it, leaving free cash flow of −$45.1M.
Questions
What was CoreCivic's revenue in the fourth quarter 2025?
CoreCivic (CXW) reported revenue of $604M for the fourth quarter 2025 (Q4 2025), +26% from a year earlier and +4% from the quarter before.
Was CoreCivic profitable in the fourth quarter 2025?
Operating profit was $55.8M (9.2% of revenue) and net earnings $26.5M.
Source: CoreCivic 10-K on SEC EDGAR.