Geo Group Inc (the) Reit · NYSE:GEO
Geo Group Inc (the) Reit — Q1 2026 Earnings Presentation
23 slides from Geo Group Inc (the) Reit's earnings presentation, May 6, 2026
Slide 1: Supplemental Information First Quarter 2026
Supplemental Information First Quarter 2026 The GEO Group, Inc.'s ("GEO") Unaudited Reconciliation Tables and Supplemental Disclosure presented herein speak only as of the date or period indicated, and GEO does not undertake any obligation, and disclaims any duty to update any of this information, e
Slide 2: Table of Contents
Seo Company Profile 3 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statement of Operations 5 Reconciliation of Net Income to EBITDA and Adjusted EBITDA, and Reconciliation of Net Income Attributable to GEO Operations to Adjusted Net Income 6 Reconciliation of Net Income Attributabl
Slide 3: Company Profile
Company Profile The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the U
Slide 4: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets * As of As of March 31, 2026 December 31, 2025 (unaudited) (unaudited) ASSETS Cash and cash equivalents $ 80,217 $ 68,995 Restricted cash and cash equivalents - 2,998 Accounts receivable, less allowance for doubtful accounts 573,375 593,463 Prepaid expenses and
Slide 5: Condensed Consolidated Statement of Operations
Condensed Consolidated Statement of Operations * Q1 2026 Q1 2025 (unaudited) (unaudited) Revenues $ 705,213 $ 604,647 Operating expenses 521,509 453,778 Depreciation and amortization 33,830 32,136 General and administrative expenses 60,575 57,749 Operating income 89,299 60,984 Interest income 1,672
Slide 6: Reconciliation of Net Income to EBITDA and Adjusted EBITDA
Reconciliation of Net Income to EBITDA and Adjusted EBITDA, and Net Income Attributable to GEO Operations to Adjusted Net Income * Q1 2026 Q1 2025 (unaudited) (unaudited) Net income $ 38,306 $ 19,542 Add: Income tax provision ** 15,242 2,056 Interest expense, net of interest income 36,629 40,444 Dep
Slide 7: Reconciliation of Net Income to Net Operating Income (NOI)
Reconciliation of Net Income Attributable to GEO Operations to Net Operating Income (NOI) * Q1 2026 Q1 2025 (unaudited) (unaudited) Net Income Attributable to The GEO Group, Inc. Operations $ 38,334 $ 19,558 Less Net loss attributable to noncontrolling interests 28 16 Net Income $ 38,306 $ 19,542 Ad
Slide 8: Financial Summary
Financial Summary Company Profile * Q1 2026 Q1 2025 (unaudited) (unaudited) Market Capitalization ** $ 2,247,071 $ 4,124,610 Share Price ** $ 16.81 $ 29.21 Revenues * Owned and Leased: Secure Services $ 375,874 $ 305,623 Owned and Leased: Reentry Services 41,692 39,751 Managed Only 183,062 149,468 E
Slide 9: Financial Summary
Financial Summary Q1 2026 Q1 2025 Portfolio * Owned and Leased: Secure Services 31 32 Owned and Leased: Reentry Services 31 33 Managed Only & Other 26 24 88 89 Owned and Leased: Secure Services ** Revenue Producing Beds 36,535 35,455 Occupancy 89% 85% Compensated Mandays 2,915,470 2,698,173 Square F
Slide 10: Global Operations Profile
Global Operations Profile Global Operating Portfolio by Region * ** United States Facilities Current Beds Beds 1-Yr Ago Texas 19 17,736 17,875 California 13 6,623 6,623 Pennsylvania 9 3,378 3,350 Florida 6 7,061 5,751 Alaska 6 705 705 Colorado 5 2,810 2,810 Arizona 4 5,930 5,930 Georgia 4 5,254 5,25
Slide 11: Portfolio Operating Metrics
Portfolio Operating Metrics * BEDS (1) Q1 2026 (1) # of Facilities Sq. Ft. Owned & Compensated Managed Only Total Revenue* Occupancy Leased Mandays Eastern Region (FL,GA,IN) 6 2,368,940 1,500 9,195 10,695 $51,106 928,036 96% Western Region (AZ) 4 1,166,385 - 5,930 5,930 $31,156 504,388 95% Reentry S
Slide 12: Customer Data
Customer Data 12 www.geogroup.com
Slide 13: Capital Expenditures
Capital Expenditures * Q1 2026 Q4 2025 Owned & Leased Owned & Leased Managed Managed Reentry BI ** Total Secure Reentry BI ** Total Secure Services Only & Other Only & Other Services Services Services Cap-Ex Category Growth 3,405 - - 49 3,454 7,970 - - - 7,970 Technology - - 3,223 - 3,223 - - 11,068
Slide 14: Debt Maturity Schedule
Debt Maturity Schedule * 14 www.geogroup.com
Slide 15: Outstanding Debt
Outstanding Debt * 15 www.geogroup.com
Slide 16: Acquisitions/Dispositions
Acquisitions/Dispositions * Acquisitions Bed Count State Purchase Price Acquisition Date Tampa Residential Reentry Center 118 FL $1,200 March 2021 Correct Care Australasia N/A Australia $3,910 March 2024 Western Region Detention Facility 770 CA $60,000 July 2025 Total $65,110 Dispositions Bed Count
Slide 17: Idle Facilities
Idle Facilities Idle Facilities (As of 3/31/2026) Secure Services Facilities ** Location Ownership Bed Count Net Book Value * Flightline Correctional Facility Texas Owned 1,452 39,111 Rivers Correctional Facility North Carolina Owned 1,320 35,761 Lea County Correctional Facility New Mexico Owned 1,2
Slide 18: Property List
Property List Updated as of May 6, 2026 Years Primary Renewal Facility Name City State Years Contracted Capacity Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Option(s) OWNED AND LEASED PROPERTIES GEO SECURE SERVICES 1 Adelanto ICE Processing Center Adelanto California 19
Slide 19: Property List
Property List Updated as of May 6, 2026 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Capacity Option(s) OWNED AND LEASED PROPERTIES GEO CARE - REENTRY SERVICES 1 Alabama Therapeutic Education Facility
Slide 20: Property List
Property List Updated as of May 6, 2026 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Capacity Option(s) GEO CARE - REENTRY SERVICES 18 Tully House Newark New Jersey 1929, 1999 August-25 NJ DOC 344 Own
Slide 21: Property List
Property List Updated as of May 6, 2026 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Customer(s) Capacity Option(s) MANAGED-ONLY FACILITIES GEO SECURE SERVICES 1 Florence West Correctional and Rehabilitation Faci
Slide 22: Property List
Property List Updated as of May 6, 2026 Years Primary Design Renewal Facility Name City State Years Contracted Ownership Type Term(s) Upcoming Renewal Date Built/ Renovated Lessee(s) Capacity Option(s) GEO LEASED PROPERTIES (NOT MANAGED) 1990-1992, 1995, 2008, 2011, Great Plains Correctional Facilit
Slide 23: Definitions
Debt Maturity Schedule * EBITDA: EBITDA is defined as net income, adjusted by adding provisions for income tax, interest expense, net of interest income, and depreciation and amortization. Adjusted EBITDA: Adjusted EBITDA is defined as EBITDA adjusted for net loss attributable to non-controlling int
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