The GEO Group, Inc. (GEO) Income Statement
GEO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGEO revenue and net income
Where GEO's revenue goes
2025Each bar shows an amount and its share of revenue. GEO kept 9.7% of revenue as net income.
GEO profit margins
GEO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.6% | +3.5% | +2.3% | +3.6% |
| Gross profit | −72.6% | −2.4% | +2.8% | +3.3% |
| Operating income | −16.9% | −12.5% | +2.3% | +0.9% |
| Net income | +695.8% | +14.0% | +17.6% | +6.2% |
| EPS (diluted) | +14.7% | −13.7% | −7.5% | −4.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GEO quarterly EPS vs estimates
GEO beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.35).
GEO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.63B | $2.42B | $2.41B | $2.38B | $2.26B | $2.35B | $2.48B | $2.33B | $2.26B | $2.18B |
| Cost of revenue | $1.97B | $1.90B | $1.74B | $1.66B | $1.63B | $1.77B | $1.86B | $1.76B | $1.70B | $1.65B |
| Gross profit | $663.1M | $2.42B | $668.9M | $713.8M | $627.6M | $578.6M | $619.9M | $575.6M | $562.9M | $529.2M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $235.9M | $213.0M | $190.8M | $197.0M | $204.3M | $193.4M | $185.9M | $184.5M | $190.3M | $148.7M |
| Total operating expenses | $405.6M | $2.11B | $316.6M | $329.9M | $339.5M | $349.2M | $316.8M | $310.9M | $314.6M | $263.6M |
| Operating income | $257.5M | $310.0M | $352.4M | $383.9M | $288.1M | $229.4M | $303.1M | $264.7M | $248.3M | $265.6M |
| Interest income | $9.1M | $8.8M | $4.3M | $16.8M | $105.5M | $23.1M | $28.9M | $34.8M | $51.7M | $28.5M |
| Interest expense | $160.5M | $190.6M | $218.3M | $164.6M | $129.5M | $126.8M | $151.0M | $150.1M | $148.0M | $128.7M |
| Income before taxes | $340.0M | $41.3M | $142.6M | $234.6M | $200.0M | $133.3M | $183.1M | $149.3M | $151.9M | $149.5M |
| Income taxes | $85.7M | $9.4M | $35.4M | $62.9M | $122.7M | $20.5M | $16.6M | $14.1M | $18.0M | $7.9M |
| Net income | $254.4M | $32.0M | $107.3M | $171.8M | $77.4M | $113.0M | $166.6M | $145.1M | $146.2M | $148.7M |
| EBITDA | $632.6M | $355.4M | $482.1M | $527.3M | $457.5M | $385.6M | $455.4M | $425.9M | $424.3M | $393.1M |
| EPS (diluted) | $0.86 | $0.75 | $0.94 | $1.34 | $1.44 | $1.27 | $1.41 | $1.28 | $1.41 | $1.45 |
| Gross margin | 25.2% | 100.0% | 27.7% | 30.0% | 27.8% | 24.6% | 25.0% | 24.7% | 24.9% | 24.3% |
| Operating margin | 9.8% | 12.8% | 14.6% | 16.2% | 12.8% | 9.8% | 12.2% | 11.4% | 11.0% | 12.2% |
| Net margin | 9.7% | 1.3% | 4.4% | 7.2% | 3.4% | 4.8% | 6.7% | 6.2% | 6.5% | 6.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $732.1M | $705.2M | $707.7M | $682.3M | $636.2M | $604.6M | $607.7M | $603.1M | $607.2M | $605.7M | $608.3M | $602.8M |
| Cost of revenue | $0 | $589.2M | $529.9M | $508.9M | $507.9M | $453.8M | $447.4M | $441.9M | $443.5M | $441.7M | $464.0M | $471.8M |
| Gross profit | $732.1M | $116.0M | $177.8M | $173.5M | $636.2M | $604.6M | $607.7M | $603.1M | $607.2M | $164.0M | $608.3M | $602.8M |
| Sales, general & admin | $65.5M | $60.6M | $59.8M | $62.1M | $56.2M | $57.7M | $60.7M | $47.1M | $52.2M | $53.1M | $51.6M | $47.4M |
| Total operating expenses | $630.4M | $26.7M | $94.0M | $132.8M | $564.2M | $543.7M | $539.8M | $520.8M | $527.0M | $84.4M | $524.5M | $519.2M |
| Operating income | $101.7M | $89.3M | $83.8M | $40.7M | $72.0M | $61.0M | $67.9M | $82.4M | $80.1M | $79.6M | $83.8M | $83.6M |
| Interest income | $3.2M | $1.7M | $2.1M | $2.6M | $2.5M | $2.0M | $1.2M | $3.2M | $2.0M | $2.5M | $4.0M | $1.3M |
| Interest expense | $38.6M | $38.3M | $37.9M | $38.2M | $41.9M | $42.4M | $43.2M | $45.5M | $50.6M | $51.3M | $53.2M | $55.8M |
| Income before taxes | $65.7M | $53.3M | $48.7M | $230.3M | $39.6M | $21.4M | $25.6M | $38.0M | −$52.9M | $30.7M | $30.5M | $31.0M |
| Income taxes | $18.2M | $15.0M | $16.9M | $56.4M | $10.6M | $1.8M | $10.0M | $11.7M | −$20.4M | $8.1M | $5.4M | $6.5M |
| Net income | $47.5M | $38.3M | $31.8M | $173.9M | $29.1M | $19.6M | $15.5M | $26.3M | −$32.5M | $22.7M | $25.2M | $24.5M |
| EBITDA | $138.5M | $125.5M | $120.8M | $263.4M | $112.1M | $95.1M | $99.5M | $114.4M | $28.2M | $113.4M | $113.3M | $117.3M |
| EPS (diluted) | $0.37 | $0.29 | $0.25 | $0.25 | $0.22 | $0.14 | $0.13 | $0.21 | $0.23 | $0.18 | $0.29 | $0.19 |
| Gross margin | 100.0% | 16.5% | 25.1% | 25.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 27.1% | 100.0% | 100.0% |
| Operating margin | 13.9% | 12.7% | 11.8% | 6.0% | 11.3% | 10.1% | 11.2% | 13.7% | 13.2% | 13.1% | 13.8% | 13.9% |
| Net margin | 6.5% | 5.4% | 4.5% | 25.5% | 4.6% | 3.2% | 2.5% | 4.4% | −5.4% | 3.7% | 4.1% | 4.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GEO's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GEO financial results
In fiscal year 2025 (ended December 31, 2025), GEO reported revenue of $2.6 billion, up 8.6% from the year before. It had net income of $254.4 million (up 695.8%), a net profit margin of 9.7%. Diluted earnings per share came to $0.86. Over five years revenue grew at an average rate of 2.3% a year.
See the GEO stock overview for the latest quote and news, or the GEO chart for price history and technical indicators.
GEO income statement FAQ
What is GEO's annual revenue?
GEO reported total revenue of $2.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.6% from $2.4 billion the previous year.
Is GEO profitable?
Yes. GEO reported net income of $254.4 million in fiscal 2025, a net profit margin of 9.7%; its operating margin was 9.8%.
What is GEO's gross margin?
GEO's gross margin was 25.2% in fiscal 2025: for every $100 of revenue, GEO kept $25 after the direct cost of its products and services.
How fast is GEO growing?
Revenue grew 2.3% a year on average over the last five fiscal years, from $2.4 billion to $2.6 billion.
What are GEO's earnings per share?
GEO earned $0.86 per diluted share in fiscal 2025, compared with $0.75 a year earlier.
When will GEO report its next earnings?
GEO is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does GEO's fiscal year end?
GEO's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.