---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-213449"
form_type: "8-K"
ticker: "GEO"
cik: "0000923796"
company_name: "GEO GROUP INC"
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:51:43.016125+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# GEO Q2 2023 revenue $593.9M, Adj EBITDA $129.0M; updates FY guidance due to ISAP headwinds

## Summary
- Q2 net income $29.5M ($0.20 diluted EPS); adjusted EPS $0.24, adjusted EBITDA $129.0M.
- Total revenue $593.9M vs $588.2M YoY; six-month revenue $1.20B.
- Full-year 2023 guidance: GAAP net income $95M-$110M; Adj EBITDA $490M-$520M; revenue ~$2.4B.
- ISAP participant declines longer than expected; Electronic Monitoring segment headwind cited.
- Net interest expense up $26.1M YoY in Q2 due to 2022 debt refinancing and higher rates.

## SEC filing metadata
- accession: 0001193125-23-213449
- form_type: 8-K
- ticker: GEO
- cik: 0000923796
- company_name: GEO GROUP INC
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/d599165d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-213449
- JSON: https://secwatch.observer/filing/0001193125-23-213449.json
- Plain text: https://secwatch.observer/filing/0001193125-23-213449.txt

## Key facts
- Earnings Releases
  GEO GROUP INC reported the full-year 2023 results: revenue approximately $2.4 billion, net income between $95 million and $110 million. Guidance reaffirmed.
  - Period: the full-year 2023
  - Revenue: approximately $2.4 billion
  - Net income: between $95 million and $110 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: We expect full-year GAAP Net Income to be between $95 million and $110 million, on annual revenues of approximately $2.4 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm
- Earnings Releases
  GEO GROUP INC reported the third quarter of 2023 results: revenue $588 million to $603 million, net income between $19 million and $26 million. Guidance initiated.
  - Period: the third quarter of 2023
  - Revenue: $588 million to $603 million
  - Net income: between $19 million and $26 million
  - Guidance: initiated
  - Result: guidance update
  source text: For the third quarter of 2023, we expect Net Income to be between $19 million and $26 million on quarterly revenues of $588 million to $603 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm
- Earnings Releases
  GEO GROUP INC reported the six months ended June 30, 2023 results: revenue $1.20 billion, net income $57.5 million, EPS $0.39 per diluted share.
  - Period: the six months ended June 30, 2023
  - Revenue: $1.20 billion
  - Net income: $57.5 million
  - EPS: $0.39 per diluted share
  - Result: reported results
  source text: company. We are also continuing our efforts to market our current idle facilities to federal and state government agencies.” First Six Months 2023 Highlights • Total revenues of $1.20 billion • Net Income of $57.5 million • Net Income Attributable to GEO of $0.39 per diluted share • Adjusted Net Income of $0.46 per diluted share • Adjusted EBITDA of $259.9 million For
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm
- Earnings Releases
  GEO GROUP INC reported the quarter ended June 30, 2023 results: revenue $593.9 million, net income $29.5 million, EPS $0.20 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Revenue: $593.9 million
  - Net income: $29.5 million
  - EPS: $0.20 per diluted share
  - Result: reported results
  source text: and electronic monitoring programs, reported today its financial results for the second quarter and first six months of 2023. Second Quarter 2023 Highlights • Total revenues of $593.9 million • Net Income of $29.5 million • Net Income Attributable to GEO of $0.20 per diluted share • Adjusted Net Income of $0.24 per diluted share • Adjusted EBITDA of $129.0 million For
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm
- Earnings Releases
  GEO GROUP INC reported the fourth quarter of 2023 results: revenue $595 million to $610 million, net income between $19 million and $27 million. Guidance initiated.
  - Period: the fourth quarter of 2023
  - Revenue: $595 million to $610 million
  - Net income: between $19 million and $27 million
  - Guidance: initiated
  - Result: guidance update
  source text: For the fourth quarter of 2023, we expect Net Income to be between $19 million and $27 million on quarterly revenues of $595 million to $610 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523213449/0001193125-23-213449-index.htm

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