The GEO Group, Inc. (NYSE:GEO) shares are trading higher after the company reported better-than-expected first-quarter results and raised its fiscal year 2026 guidance.

Earnings Snapshot

The company reported revenue of $705.2 million, which beat the consensus of $688.9 million.

Revenue increased 17% year over year, supported by contract awards secured in 2025.

These 2025 wins are expected to generate up to $520 million in incremental annual revenue. It marked the largest single-year contract expansion in the secure services segment's history.

New and reactivated ICE detention facilities primarily drove growth. It added roughly 6,000 beds across four sites and increasing total ICE capacity to about 26,000 beds.

The immigration detention centers management company ...