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GEO Group (GEO) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · GEO Group (GEO) Q3 2026 earnings results →

Q3 2026 Revenue up 12% year over year to $761M · 6¢ of every $1 of revenue kept as net profit · operating margin 13.5%

GEO Group made $761M in Q3 2026 (+12% Y/Y): GEO Secure Services $605M, Electronic Monitoring and Supervision Services $81.8M, Reentry Services $74.3M. Operating margin 13.5%, net earnings $49.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$761M
Year over year+12%
Operating margin13.5%
Net earnings$49.2M
Operating cash flow$209M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $761.1M in Q3 2026, up 12% year over year and up 4% from the previous quarter. GEO Secure Services was the largest line at 79% of revenue. GEO Secure Services added $75.8M year over year (up 14%), 96% of the total change.

Operating profit was $102.4M, a 13.5% margin (up 7.5 points year over year). Of the extra revenue versus Q3 2025, 78% reached operating profit, above the 6% margin then. Total costs grew 3% against revenue growth of 12%. The fastest-growing cost line was General & admin (+16%). Net earnings were $49.2M, down 72% year over year. The effective tax rate was 26.7%.

Operating cash flow was $209.0M (up 163% year over year), 425% of net earnings. Non-cash charges added back $34.2M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $120.6M. Capital expenditures of $32.4M left free cash flow of $176.6M.

Quarterly history

GEO Group revenue by quarterGEO Group revenue by quarter$605MQ1 2025$636MQ2 2025$682MQ3 2025$708MQ4 2025$705MQ1 2026$732MQ2 2026$761MQ3 2026
GEO Group net earnings by quarterGEO Group net earnings by quarter$19.5MQ1 2025$29.1MQ2 2025$174MQ3 2025$31.8MQ4 2025$38.3MQ1 2026$47.5MQ2 2026$49.2MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$761M+12%13.5%$49.2M$209M
Q2 202610-QAug 6, 2026$732M+15%13.9%$47.5M$80.0M
Q1 202610-QMay 7, 2026$705M+17%12.7%$38.3M$156M
Q4 202510-KFeb 25, 2026$708M+16%11.8%$31.8M−$117M
Q3 202510-QNov 6, 2025$682M+13%6.0%$174M$79.6M
Q2 202510-QAug 6, 2025$636M+5%11.3%$29.1M$39.2M
Q1 202510-QMay 7, 2025$605M-0.2%10.1%$19.5M$71.2M

Charts

GEO Group: revenue growth, year over year and quarter over quarterGEO Group: revenue growth, year over year and quarter over quarterY/YQ/Q0%Q1 2025+5%+5%Q2 2025+13%+7%Q3 2025+16%+4%Q4 2025+17%0%Q1 2026+15%+4%Q2 2026+12%+4%Q3 2026
Latest (Q3 2026): Y/Y +12%, Q/Q +4%.
GEO Group: where the cash came from (+) and went (−), TTM to Q3 2026GEO Group: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$328MBuybacks−$136MCapital spending−$111MCash drawn (+) / kept (−)−$42.5MOther financing−$25.9MOther investing−$13.1MTaxes on employees’ shares−$6.5MShares issued$5.2MExchange rates$3.1MNet borrowing (+) / repaid (−)−$1.3M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
GEO Group: profit against cash, quarter by quarterGEO Group: profit against cash, quarter by quarterNet incomeOperating cash flow$15.5M$18.5MQ4 2024$19.5M$71.2MQ1 2025$29.1M$39.2MQ2 2025$174M$79.6MQ3 2025$31.8M−$117MQ4 2025$38.3M$156MQ1 2026$47.5M$80.0MQ2 2026$49.2M$209MQ3 2026
Latest (Q3 2026): Net income $49.2M, Operating cash flow $209M.
GEO Group: diluted shares by fiscal yearGEO Group: diluted shares by fiscal year120MFY2020121MFY2021122MFY2022124MFY2023134MFY2024140MFY2025
+16.4% since FY2020: more shares outstanding (issuance, stock pay).
GEO Group: long-term debt falling due (FY2025)GEO Group: long-term debt falling due (FY2025)$1.4M2026$1.4M2027$1.4M2028$651M2029$360M2030$655MLater
Cash $69.0M, short-term investments —, long-term debt $1.7B at 2025-12-31.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About GEO Group

The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO’s diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care ® , secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO’s worldwide operations include the ownership and/or delivery of support services for 97 facilities totaling approximately 76,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 20,000 employees.

In its own words, from its 8-K, filed Aug 6, 2026.

GEO Group against its General Bldg Contractors - Residential Bldgs peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +4%. Operating margin: 13.5% against the peers' median 11.3%.

CompanyQuarterRevenueY/YOp. margin
GEO GEO GroupQ3 2026$761M+12%13.5%
LEN LennarQ3 FY26$8.0B-9%5.7%
IBP Installed Building ProductsQ3 2026$808M+4%11.3%

Source: GEO Group 10-Q on SEC EDGAR · CIK 923796 · General Bldg Contractors - Residential Bldgs

Guidance and outlook

GEO Group Revenue: guidance against what was reportedGEO Group Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2026Q2 2026$732MQ4 2026Q3 2026$761M
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
GEO Group: what its forward-looking statements are about (10-Q filed 2026-11-06)GEO Group: what its forward-looking statements are about (10-Q filed 2026-11-06)Other9Costs7Capital spending4Demand3Financing3Deals1Buybacks & dividends1
28 statements; tone +0.11 (−1 all cautious, +1 all confident); 6 hedged.
GEO Group: outlook statements against the filing beforeGEO Group: outlook statements against the filing beforeConfident5Cautious2

13F: who owns GEO and who is buying

Largest holders of GEO (13F)Largest holders of GEO (13F)BlackRock$571MPentwater Capital Management LP$313MVanguard Group$240MUBS Group AG$226MVanguard Portfolio Management LLC$219MVanguard Capital Management LLC$170MGoldman Sachs Group$162MState Street$146MContinental General Insurance$146MRubric Capital Management LP$122M
Funds' net buying of GEO by quarter (13F)Funds' net buying of GEO by quarter (13F)−$49.7M2024-09$406M2024-12$197M2025-03$10.6M2025-06−$69.6M2025-09−$94.6M2025-12$99.8M2026-03$59.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GEO

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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