---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-276064"
form_type: "8-K"
ticker: "GEO"
cik: "0000923796"
company_name: "GEO GROUP INC"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:58:41.738829+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GEO Group Q3 revenues $602.8M, net income $24.5M; lowers full-year guidance on ISAP slowdown

## Summary
- Q3 total revenues $602.8M (down ~2% YoY); net income $24.5M (down 36% YoY); Adjusted EBITDA $118.7M (down from $136.2M).
- GAAP diluted EPS $0.16; adjusted EPS $0.19.
- Reduced total net debt by $109M in Q3 to ~$1.8B.
- Updated FY2023 guidance: revenues ~$2.4B; GAAP net income $100-105M; Adjusted EBITDA $495-500M (down from prior).
- Guidance reflects flat to slightly down ISAP participants; ICE budget pressures and federal appropriations uncertainty.

## SEC filing metadata
- accession: 0001193125-23-276064
- form_type: 8-K
- ticker: GEO
- cik: 0000923796
- company_name: GEO GROUP INC
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923796/000119312523276064/0001193125-23-276064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923796/000119312523276064/d463245d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-276064
- JSON: https://secwatch.observer/filing/0001193125-23-276064.json
- Plain text: https://secwatch.observer/filing/0001193125-23-276064.txt

## Key facts
- Earnings Releases
  GEO GROUP INC reported third quarter 2023 results: revenue $602.8 million, net income $24.5 million, EPS $0.16 per diluted share. Guidance reaffirmed.
  - Period: third quarter 2023
  - Revenue: $602.8 million
  - Net income: $24.5 million
  - EPS: $0.16 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: and electronic monitoring programs, reported today its financial results for the third quarter and first nine months of 2023. Third Quarter 2023 Highlights • Total revenues of $602.8 million • Net Income of $24.5 million • Net Income Attributable to GEO of $0.16 per diluted share • Adjusted Net Income of $0.19 per diluted share • Adjusted EBITDA of $118.7 million •
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523276064/0001193125-23-276064-index.htm
- Earnings Releases
  GEO GROUP INC reported first nine months of 2023 results: revenue $1.80 billion, net income $82.0 million, EPS $0.55 per diluted share. Guidance reaffirmed.
  - Period: first nine months of 2023
  - Revenue: $1.80 billion
  - Net income: $82.0 million
  - EPS: $0.55 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: to GEO of $0.16 per diluted share • Adjusted Net Income of $0.19 per diluted share • Adjusted EBITDA of $118.7 million • Reduced Total Net Debt by $109 million to approximately $1.8 billion For the third quarter 2023, we reported net income of $24.5 million, compared to net income of $38.3 million for the third quarter 2022. We reported total revenues for the third
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312523276064/0001193125-23-276064-index.htm

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