---
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"
generated_at: "2026-06-05T21:31:13.094228+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GEO Group FY2023 revenue $2.41B, net income $113.8M; Q4 revenue $608.3M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/923796/000119312524042879/0001193125-24-042879-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/d791768d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-042879
- JSON: https://secwatch.observer/filing/0001193125-24-042879.json
- Plain text: https://secwatch.observer/filing/0001193125-24-042879.txt

## Key facts
- Earnings Releases
  GEO GROUP INC reported first quarter 2024 results: revenue $600 million to $610 million, net income $22 million to $24 million. Guidance initiated.
  - Period: first quarter 2024
  - Revenue: $600 million to $610 million
  - Net income: $22 million to $24 million
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/0001193125-24-042879-index.htm
- Earnings Releases
  GEO GROUP INC reported full year 2024 results: revenue $2.4 billion, net income $110 million to $125 million. Guidance initiated.
  - Period: full year 2024
  - Revenue: $2.4 billion
  - Net income: $110 million to $125 million
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/0001193125-24-042879-index.htm
- Earnings Releases
  GEO GROUP INC reported fourth quarter 2023 results: revenue $608.3 million, net income $31.8 million.
  - Period: fourth quarter 2023
  - Revenue: $608.3 million
  - Net income: $31.8 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/0001193125-24-042879-index.htm
- Earnings Releases
  GEO GROUP INC reported full year 2023 results: revenue $2.41 billion, net income $113.8 million.
  - Period: full year 2023
  - Revenue: $2.41 billion
  - Net income: $113.8 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/0001193125-24-042879-index.htm

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