Filing Flows › GEO Group (GEO) › Q1 2026
GEO Group (GEO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
GEO Group (GEO) reported revenue of $705M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -0.4% from the quarter before. Operating margin was 12.7%, net earnings $38.3M (5.4% of revenue).
GEO Group, Q1 2026: revenue $705M (+17% year over year), operating margin 12.7%, net earnings $38.3M, operating cash flow $156M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $705M | -0.4% | +17% |
| Operating profit | $89.3M | +7% | +46% |
| Net earnings | $38.3M | +21% | +96% |
| Operating cash flow | $156M | — | +120% |
| Free cash flow | $135M | — | +233% |
What changed
Revenue was $705.2M in Q1 2026, up 17% year over year and roughly flat from the previous quarter. GEO Secure Services was the largest line at 79% of revenue. GEO Secure Services added $103.2M year over year (up 23%), 103% of the total change. Electronic Monitoring and Supervision Services declined 4%.
Operating profit was $89.3M, a 12.7% margin (up 2.6 points year over year). Of the extra revenue versus Q1 2025, 28% reached operating profit, above the 10% margin then. Total costs grew 13% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $38.3M, up 96% year over year. The effective tax rate was 28.2%.
Operating cash flow was $156.5M (up 120% year over year), 409% of net earnings. Non-cash charges added back $33.8M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items added $76.6M. Capital expenditures of $21.7M left free cash flow of $134.8M.
Questions
What was GEO Group's revenue in the first quarter 2026?
GEO Group (GEO) reported revenue of $705M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -0.4% from the quarter before.
Was GEO Group profitable in the first quarter 2026?
Operating profit was $89.3M (12.7% of revenue) and net earnings $38.3M.
Source: GEO Group 10-Q on SEC EDGAR.