---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-137288"
form_type: "8-K"
ticker: "GEO"
cik: "0000923796"
company_name: "GEO GROUP INC"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T03:07:53.546208+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GEO Q1 revenue $605.7M, net income $22.7M; guides FY24 Adj. EBITDA $485M-$515M

## Summary
- Q1 total revenue $605.7M (vs $608.2M Q1 2023); net income $22.7M (vs $28.0M); Adj. EBITDA $117.6M (vs $130.9M).
- Full-year 2024 guidance: net income $55-75M, Adj. EBITDA $485-515M; includes $86M loss on extinguishment of debt.
- Q2 2024 guidance: net loss $27-30M on $86M debt extinguishment loss; Rev $600-610M; Adj. EBITDA $119-125M.
- Closed $1.275B senior notes (8.625% secured/10.25% unsecured) and $450M Term Loan B; retired $1.5B existing debt.
- GEO Transport awarded 5-year ICE air ops subcontract; annualized revenue ~$25M.

## SEC filing metadata
- accession: 0001193125-24-137288
- form_type: 8-K
- ticker: GEO
- cik: 0000923796
- company_name: GEO GROUP INC
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/923796/000119312524137288/0001193125-24-137288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923796/000119312524137288/d751772d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-137288
- JSON: https://secwatch.observer/filing/0001193125-24-137288.json
- Plain text: https://secwatch.observer/filing/0001193125-24-137288.txt

## Key facts
- Earnings Releases
  GEO GROUP INC reported first quarter 2024 results: revenue $605.7 million, net income $22.7 million.
  - Period: first quarter 2024
  - Revenue: $605.7 million
  - Net income: $22.7 million
  - Result: reported results
  source text: Total revenues of $605.7 million • Net Income of $22.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/923796/000119312524137288/0001193125-24-137288-index.htm

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