Monday, November 09, 2026
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Overview. Third quarter 2026 results marked a record-breaking quarter for GEO, with the highest level of quarterly revenues and adjusted EBITDA ever reported in the Company’s history. The better-than-expected performance in 2026 has been driven by the significant revenue growth from the new or expanded contracts entered into throughout 2025. So far in 2026, GEO has had an even more successful year, entering into new or expanded contracts with an overall value of approximately $500 million in incremental annual revenue.
3Q26 Results. For the third quarter of 2026, revenues were $761.1 million, compared to $682.3 million for 3Q25, reflecting a 12% increase. We had projected $770 million. Third quarter 2026 adjusted EBITDA was $145.3 million, compared to $120.1 million last year. We were at $139.3 million. GEO reported 3Q26 adjusted net income of $51.8 million, or $0.39 per diluted share, compared to $35.0 million, or $0.25 per diluted share, for 3Q25. We had projected $46.2 million and $0.35.
Get the Full Report
Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.