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GEO Group (GEO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
GEO Group (GEO) reported revenue of $605M for the first quarter 2025 (Q1 2025), -0.2% from a year earlier. Operating margin was 10.1%, net earnings $19.5M (3.2% of revenue).
GEO Group, Q1 2025: revenue $605M (-0.2% year over year), operating margin 10.1%, net earnings $19.5M, operating cash flow $71.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $605M | — | -0.2% |
| Operating profit | $61.0M | — | -23% |
| Net earnings | $19.5M | — | -14% |
| Operating cash flow | $71.2M | — | -14% |
| Free cash flow | $40.5M | — | -41% |
What changed
Revenue was $604.6M in Q1 2025, roughly flat year over year. GEO Secure Services was the largest line at 76% of revenue.
Operating profit was $61.0M, a 10.1% margin (down 3.1 points year over year). Total costs grew 3% against flat revenue. Net earnings were $19.6M, down 14% year over year. The effective tax rate was 8.5%.
Operating cash flow was $71.2M (down 14% year over year), 364% of net earnings. Non-cash charges added back $32.1M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items added $13.1M. Capital expenditures of $30.8M left free cash flow of $40.5M.
Questions
What was GEO Group's revenue in the first quarter 2025?
GEO Group (GEO) reported revenue of $605M for the first quarter 2025 (Q1 2025), -0.2% from a year earlier.
Was GEO Group profitable in the first quarter 2025?
Operating profit was $61.0M (10.1% of revenue) and net earnings $19.5M.
Source: GEO Group 10-Q on SEC EDGAR.