Filing Flows

Filing Flows › Companies › GEO Group › Cash flow

GEO Group cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$177M in Q3 2026 · $217M over twelve months

Operating cash flow$209M
Capital spending−$32.4M
Free cash flow+$177M
Cash / net income4.2×

Analysis

In Q3 2026, GEO Group generated $209M of operating cash flow and spent $32.4M on capital projects, leaving free cash flow of $177M. That is $191M more than in Q3 2025 (−$14.1M).

Over the twelve months to Sep 30, 2026, operating cash flow was $328M; the largest uses were buybacks ($136M), capital spending ($111M), other financing ($25.9M); besides operations, cash came from shares issued ($5.2M); the cash balance rose by $42.5M.

Operating cash flow was $209M against net income of $49.2M — 4.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$34.2M, stock-based pay +$5.0M, gains on investments +$3.7M.

Free cash flow

GEO Group: free cash flow by quarterGEO Group: free cash flow by quarter−$2.3MQ4 2024$40.5MQ1 2025$2.4MQ2 2025−$14.1MQ3 2025−$154MQ4 2025$135MQ1 2026$59.4MQ2 2026$177MQ3 2026
Operating cash flow less capital spending.
GEO Group: operating cash flow against capital spendingGEO Group: operating cash flow against capital spendingOperating cash flowCapital spending$18.5M$20.8MQ4 2024$71.2M$30.8MQ1 2025$39.2M$36.8MQ2 2025$79.6M$93.7MQ3 2025−$117M$36.2MQ4 2025$156M$21.7MQ1 2026$80.0M$20.6MQ2 2026$209M$32.4MQ3 2026
Latest (Q3 2026): Operating cash flow $209M, Capital spending $32.4M.

Capital allocation, year by year

GEO Group: where the cash came from (up) and went (down), by fiscal yearGEO Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $283MFY2021: Net borrowing $73.4MFY2021: Shares issued $15KFY2021: Asset sales $4.1MFY2021: Capital spending −$69.4MFY2021: Dividends −$30.5M$360MFY2021FY2022: Operating cash flow $288MFY2022: Net borrowing −$652MFY2022: Shares issued $66KFY2022: Capital spending −$90.0M$288MFY2022FY2023: Operating cash flow $278MFY2023: Net borrowing −$209MFY2023: Shares issued $6.0MFY2023: Capital spending −$73.0M$284MFY2023FY2024: Operating cash flow $242MFY2024: Net borrowing −$207MFY2024: Shares issued $8.2MFY2024: Capital spending −$78.7M$250MFY2024FY2025: Operating cash flow $72.6MFY2025: Net borrowing −$323MFY2025: Shares issued $4.6MFY2025: Capital spending −$198MFY2025: Buybacks −$91.0M$77.2MFY2025
Over these 5 years operating cash flow totalled $1.2B; the largest uses were net borrowing ($1.4B) and capital spending ($509M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$216M
Debt$1.7B
Net debt$1.5B
Due within a year$1.4M

GEO Group funds itself: free cash flow was $217M over the last twelve months, and $216M of cash and investments stands against $1.7B of debt ($1.4M due within a year, 159.4× covered by cash).

GEO Group: debt maturities by year (FY2025)GEO Group: debt maturities by year (FY2025)$1.4MYear 1$1.4MYear 2$1.4MYear 3$651MYear 4$360MYear 5$655MAfter year 5
Principal due in each year as disclosed in the annual report, against $216M of cash and investments now.

Where the cash came from and went

GEO Group: sources (+) and uses (−) of cash, Q3 2026GEO Group: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$209MCash drawn (+) / kept (−)−$163MCapital spending−$32.4MOther financing−$12.4MOther investing−$3.1MShares issued$2.0MExchange rates$498KNet borrowing (+) / repaid (−)−$329KTaxes on employees’ shares−$271K
GEO Group: sources (+) and uses (−) of cash, TTM to Q3 2026GEO Group: sources (+) and uses (−) of cash, 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 profit to cash

GEO Group: net income to operating cash flow, Q3 2026GEO Group: net income to operating cash flow, Q3 2026Net income$49.2MDepreciation & amortization$34.2MStock-based pay$5.0MGains on investments$3.7MOperating cash flow$209M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$209M−$32.4M—−$329K$2.0M−$163M$177M
Q2 2026$80.0M−$20.6M−$36.6M−$331K$2.6M$30.6M$59.4M
Q1 2026$156M−$21.7M−$50.1M−$356K$375K−$18.1M$135M
Q4 2025−$117M−$36.2M−$49.4M−$328K$163K$108M−$154M
Q3 2025$79.6M−$93.7M−$41.6M−$297M$221K−$111M−$14.1M
Q2 2025$39.2M−$36.8M—−$24.1M$862K−$3.4M$2.4M
Q1 2025$71.2M−$30.8M—−$592K$3.3M$8.7M$40.5M
Q4 2024$18.5M−$20.8M—−$52.9M$7.4M−$7.5M−$2.3M

GEO Group: income statement and cash flow

GEO Group, Q3 2026: revenue $761M (+12% year over year), operating margin 13.5%. The chart follows the revenue to costs, profit and cash.

GEO Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.