---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-043519"
form_type: "8-K"
ticker: "GEO"
cik: "0000923796"
company_name: "GEO GROUP INC"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:39:54.528575+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GEO Group Q4 2022 net income $41.8M; FY 2023 guidance: rev $2.37-2.47B, Adj EBITDA $500-540M

## Summary
- Q4 2022 revenues $620.7M, net income $41.8M ($0.28 diluted EPS), Adjusted EBITDA $145.5M.
- Full year 2022 revenues $2.38B, net income $172.0M ($1.17 diluted EPS), Adjusted EBITDA $539.2M.
- FY 2023 guidance: revenues $2.37-2.47B, net income $100-127M, Adjusted EBITDA $500-540M.
- Net debt ~$1.975B, net leverage 3.7x; targeting below 3.5x by end 2023 and below 3x by end 2024.
- ISAP program participants below 290,000 due to policy changes; guidance assumes continued reduction at low end.

## SEC filing metadata
- accession: 0001193125-23-043519
- form_type: 8-K
- ticker: GEO
- cik: 0000923796
- company_name: GEO GROUP INC
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/923796/000119312523043519/0001193125-23-043519-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/d426398d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-043519
- JSON: https://secwatch.observer/filing/0001193125-23-043519.json
- Plain text: https://secwatch.observer/filing/0001193125-23-043519.txt

## Key facts
- Earnings Releases
  GEO GROUP INC reported first quarter 2023 results: revenue quarterly revenues of $605 million to $610 million, net income Net Income Attributable to GEO to be between $26 million and $28 million. Guidance initiated.
  - Period: first quarter 2023
  - Revenue: quarterly revenues of $605 million to $610 million
  - Net income: Net Income Attributable to GEO to be between $26 million and $28 million
  - Guidance: initiated
  - Result: guidance update
  source text: For the first quarter of 2023, we expect Net Income Attributable to GEO to be between $26 million and $28 million on quarterly revenues of $605 million to $610 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/0001193125-23-043519-index.htm
- Earnings Releases
  GEO GROUP INC reported full year ended December 31, 2022 results: revenue total revenues of $2.38 billion, net income Net Income of $172.0 million, EPS Net Income Attributable to GEO of $1.17 per diluted share.
  - Period: full year ended December 31, 2022
  - Revenue: total revenues of $2.38 billion
  - Net income: Net Income of $172.0 million
  - EPS: Net Income Attributable to GEO of $1.17 per diluted share
  - Result: reported results
  source text: Full Year 2022 Highlights • Total revenues of $2.38 billion • Net Income of $172.0 million • Net Income Attributable to GEO of $1.17 per diluted share • Adjusted Net Income of $1.40 per diluted share • Adjusted EBITDA of $539.2 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/0001193125-23-043519-index.htm
- Earnings Releases
  GEO GROUP INC reported full year 2023 results: revenue annual revenues of between $2.37 billion and $2.47 billion, net income Net Income Attributable to GEO to be between $100 million and $127 million. Guidance initiated.
  - Period: full year 2023
  - Revenue: annual revenues of between $2.37 billion and $2.47 billion
  - Net income: Net Income Attributable to GEO to be between $100 million and $127 million
  - Guidance: initiated
  - Result: guidance update
  source text: We expect full year 2023 Net Income Attributable to GEO to be between $100 million and $127 million on annual revenues of between $2.37 billion and $2.47 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/0001193125-23-043519-index.htm
- Earnings Releases
  GEO GROUP INC reported fourth quarter ended December 31, 2022 results: revenue total revenues of $620.7 million, net income Net Income of $41.8 million, EPS Net Income Attributable to GEO of $0.28 per diluted share.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: total revenues of $620.7 million
  - Net income: Net Income of $41.8 million
  - EPS: Net Income Attributable to GEO of $0.28 per diluted share
  - Result: reported results
  source text: Fourth Quarter 2022 Highlights • Total revenues of $620.7 million • Net Income of $41.8 million • Net Income Attributable to GEO of $0.28 per diluted share • Adjusted Net Income of $0.34 per diluted share • Adjusted EBITDA of $145.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523043519/0001193125-23-043519-index.htm

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