GEO Group posts record $254 million profit on ICE detention expansion

GEO Group reported full-year 2025 results on February 27, 2026, posting $254.3 million in net income on $2.63 billion in total revenue — a roughly 700 percent increase in profit over 2024 driven by new ICE detention contracts under the Trump administration. GEO secured approximately $520 million in new or expanded ICE contracts in 2025, the largest single-year contract gain in company history, including a new 1,000-bed facility in Newark, New Jersey and a 1,800-bed facility in Baldwin, Michigan. GEO forecast revenues of up to $3.1 billion in 2026.