---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-275915"
form_type: "8-K"
ticker: "GEO"
cik: "0000923796"
company_name: "GEO GROUP INC"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T16:37:31.443087+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GEO Q3 net income $38.3M, Adj. EBITDA $136.2M record; raises full-year Adj. EBITDA guidance

## Summary
- Q3 total revenue $616.7M vs $557.3M YoY; net income $38.3M ($0.26 dil. EPS); adjusted EPS $0.33 vs $0.35.
- Q3 Adj. EBITDA $136.2M, highest quarterly run rate; nine-month Adj. EBITDA $393.7M.
- Debt restructuring on Aug 19, 2022 reduced pre-2026 maturities from ~$2B to ~$23M; net recourse debt down ~$400M since 2020.
- Full-year 2022 Adj. EBITDA guidance raised to $527-533.5M; Q4 Adj. EBITDA guidance $133-140M.
- North Lake facility (1,800-bed) BOP contract non-renewal effective Sep 30, 2022 impacts Q4.

## SEC filing metadata
- accession: 0001193125-22-275915
- form_type: 8-K
- ticker: GEO
- cik: 0000923796
- company_name: GEO GROUP INC
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923796/000119312522275915/0001193125-22-275915-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923796/000119312522275915/d415016d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-275915
- JSON: https://secwatch.observer/filing/0001193125-22-275915.json
- Plain text: https://secwatch.observer/filing/0001193125-22-275915.txt

## Key facts
- Earnings Releases
  GEO GROUP INC reported full year 2022 results: net income between $160 million and $162 million.
  - Period: full year 2022
  - Net income: between $160 million and $162 million
  - Result: guidance update
  source text: We expect full year 2022 Net Income Attributable to GEO to be between $160 million and $162 million on annual revenues of appro
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312522275915/0001193125-22-275915-index.htm
- Earnings Releases
  GEO GROUP INC reported fourth quarter 2022 results: revenue $600 million to $605 million, net income $30 million to $32 million.
  - Period: fourth quarter 2022
  - Revenue: $600 million to $605 million
  - Net income: $30 million to $32 million
  - Result: guidance update
  source text: We expect our fourth quarter 2022 Net Income Attributable to GEO to be in a range of $30 million to $32 million on quarterly revenues of $600 million to $605 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312522275915/0001193125-22-275915-index.htm
- Earnings Releases
  GEO GROUP INC reported third quarter 2022 results: revenue $616.7 million, net income $38.3 million, EPS $0.26 per diluted share.
  - Period: third quarter 2022
  - Revenue: $616.7 million
  - Net income: $38.3 million
  - EPS: $0.26 per diluted share
  - Result: reported results
  source text: We reported total revenues for the third quarter 2022 of $616.7 million compared to $557.3 million for the third quarter 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312522275915/0001193125-22-275915-index.htm
- Earnings Releases
  GEO GROUP INC reported first nine months of 2022 results: revenue $1.76 billion, net income $130.2 million, EPS $0.89 per diluted share.
  - Period: first nine months of 2022
  - Revenue: $1.76 billion
  - Net income: $130.2 million
  - EPS: $0.89 per diluted share
  - Result: reported results
  source text: We reported total revenues for the first nine months of 2022 of $1.76 billion compared to $1.70 billion for the first nine months of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312522275915/0001193125-22-275915-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.