{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-042879","form_type":"8-K","ticker":"GEO","cik":"0000923796","company_name":"GEO GROUP INC","filed_at":"2024-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.311801+00:00","generated_at":"2026-06-05T21:31:13.094228+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"GEO Group FY2023 revenue $2.41B, net income $113.8M; Q4 revenue $608.3M","bullets":["Full year 2023: revenues $2.41B (+1.3% YoY), net income $113.8M (down from $171.7M), Adjusted EBITDA $507.2M (down from $540.0M).","Fourth quarter 2023: revenues $608.3M (down from $620.7M YoY), net income $31.8M (down from $41.5M), Adjusted EBITDA $129.0M (down from $145.5M).","Reduced total net debt by ~$197M in FY23 to $1.78B; Q1 2024 guidance for revenues $600-610M and net income $22-24M.","FY2024 guidance: revenues ~$2.4B, net income $110-125M, Adjusted EBITDA $485-515M, reflecting ICE budget uncertainty."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-042879","json":"https://secwatch.observer/filing/0001193125-24-042879.json","markdown":"https://secwatch.observer/filing/0001193125-24-042879.md","text":"https://secwatch.observer/filing/0001193125-24-042879.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/0001193125-24-042879-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/d791768d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T21:31:13.094228+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"63d988e66fc337efdcac0241290f8f01f389a50e","claim":"GEO GROUP INC reported first quarter 2024 results: revenue $600 million to $610 million, net income $22 million to $24 million. Guidance initiated.","evidence_excerpt":"For the first quarter of 2024, we expect Net Income to be in a range of $22 million to $24 million and quarterly revenues in a range of $600 million to $610 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/0001193125-24-042879-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Revenue","value":"$600 million to $610 million"},{"label":"Net income","value":"$22 million to $24 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"6b191315a2d9f19887948fe3ffaaff1f95c50059","claim":"GEO GROUP INC reported full year 2024 results: revenue $2.4 billion, net income $110 million to $125 million. Guidance initiated.","evidence_excerpt":"For the full year 2024, we expect Net Income to be in a range of $110 million to $125 million on annual revenues of approximately $2.4 billion","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/0001193125-24-042879-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2024"},{"label":"Revenue","value":"$2.4 billion"},{"label":"Net income","value":"$110 million to $125 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"a0c7b512d906a1dc708753252f5167ed93e2fec6","claim":"GEO GROUP INC reported fourth quarter 2023 results: revenue $608.3 million, net income $31.8 million.","evidence_excerpt":"Fourth Quarter 2023 Highlights • Total revenues of $608.3 million • Net Income of $31.8 million • Adjusted EBITDA of $129.0 million For the fourth quarter 2023, we reported net income of $31.8 million, compared to $41.5 million for the fourth quarter 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/0001193125-24-042879-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2023"},{"label":"Revenue","value":"$608.3 million"},{"label":"Net income","value":"$31.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ba7997fd7d8c98884dab85bfb4edba5ccb0008fd","claim":"GEO GROUP INC reported full year 2023 results: revenue $2.41 billion, net income $113.8 million.","evidence_excerpt":"Full Year 2023 Highlights • Total revenues of $2.41 billion • Net Income of $113.8 million • Adjusted EBITDA of $507.2 million • Reduced Total Net Debt by Approximately $197.0 million in FY23 to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/0001193125-24-042879-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"$2.41 billion"},{"label":"Net income","value":"$113.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}