Filing Flows › GEO Group (GEO) › Q3 2026
GEO Group (GEO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
GEO Group (GEO) reported revenue of $761M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +4% from the quarter before. Operating margin was 13.5%, net earnings $49.2M (6.5% of revenue).
GEO Group, Q3 2026: revenue $761M (+12% year over year), operating margin 13.5%, net earnings $49.2M, operating cash flow $209M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $761M | +4% | +12% |
| Operating profit | $102M | +0.7% | +152% |
| Net earnings | $49.2M | +4% | -72% |
| Operating cash flow | $209M | +161% | +163% |
| Free cash flow | $177M | +197% | — |
What changed
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.
Questions
What was GEO Group's revenue in the third quarter 2026?
GEO Group (GEO) reported revenue of $761M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +4% from the quarter before.
Was GEO Group profitable in the third quarter 2026?
Operating profit was $102M (13.5% of revenue) and net earnings $49.2M.
Source: GEO Group 10-Q on SEC EDGAR.