Filing Flows › GEO Group (GEO) › Q2 2025
GEO Group (GEO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
GEO Group (GEO) reported revenue of $636M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +5% from the quarter before. Operating margin was 11.3%, net earnings $29.1M (4.6% of revenue).
GEO Group, Q2 2025: revenue $636M (+5% year over year), operating margin 11.3%, net earnings $29.1M, operating cash flow $39.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $636M | +5% | +5% |
| Operating profit | $72.0M | +18% | -10% |
| Net earnings | $29.1M | +49% | — |
| Operating cash flow | $39.2M | -45% | +25% |
| Free cash flow | $2.4M | -94% | -65% |
What changed
Revenue was $636.2M in Q2 2025, up 5% year over year and up 5% from the previous quarter. GEO Secure Services was the largest line at 76% of revenue. GEO Secure Services added $32.5M year over year (up 7%), 112% of the total change. Electronic Monitoring and Supervision Services declined 7%.
Operating profit was $72.0M, a 11.3% margin (down 1.9 points year over year). Operating profit fell $8.2M even though revenue rose $29.0M versus a year earlier, so costs grew faster than sales. Total costs grew 7% against revenue growth of 5%. Net earnings were $29.1M. The effective tax rate was 26.6%.
Operating cash flow was $39.2M (up 25% year over year), 135% of net earnings. Non-cash charges added back $32.7M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items used $28.1M. Capital expenditures of $36.8M left free cash flow of $2.4M.
Questions
What was GEO Group's revenue in the second quarter 2025?
GEO Group (GEO) reported revenue of $636M for the second quarter 2025 (Q2 2025), +5% from a year earlier and +5% from the quarter before.
Was GEO Group profitable in the second quarter 2025?
Operating profit was $72.0M (11.3% of revenue) and net earnings $29.1M.
Source: GEO Group 10-Q on SEC EDGAR.