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Earnings Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | 8. EARNINGS PER SHARE Basic earnings per share of common stock is computed by dividing the net income attributable to The GEO Group, Inc. by the weighted-average number of common shares outstanding for the period. Basic and diluted earnings (loss) per share were calculated for the three and six months ended June 30, 2025 and 2024 as follows (in thousands, except per share data):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2025 |  |  | June 30, 2024 |  |  | June 30, 2025 |  |  | June 30, 2024 |
Net income (loss) |  | $ | 29,074 |  |  | $ | (32,563 | ) |  | $ | 48,616 |  |  | $ | (9,904 | )
Net loss attributable to noncontrolling interests |  |  | 34 |  |  |  | 50 |  |  |  | 50 |  |  |  | 59 |
Net income (loss) attributable to The GEO Group, Inc. |  |  | 29,108 |  |  |  | (32,513 | ) |  |  | 48,666 |  |  |  | (9,845 | )
Basic earnings (loss) per share attributable to The GEO Group, Inc. |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 138,539 |  |  |  | 130,518 |  |  |  | 137,844 |  |  |  | 125,631 |
Per share amount |  | $ | 0.21 |  |  | $ | (0.25 | ) |  | $ | 0.35 |  |  | $ | (0.08 | )
Diluted earnings (loss) per share attributable to The GEO Group, Inc. |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 138,539 |  |  |  | 130,518 |  |  |  | 137,844 |  |  |  | 125,631 |
Dilutive effect of equity incentive plans |  |  | 1,931 |  |  |  | — |  |  |  | 2,866 |  |  |  | — |
Weighted average shares assuming dilution |  |  | 140,470 |  |  |  | 130,518 |  |  |  | 140,710 |  |  |  | 125,631 |
Per share amount |  | $ | 0.21 |  |  | $ | (0.25 | ) |  | $ | 0.35 |  |  | $ | (0.08 | )
For the three months ended June 30, 2025, 557,387 weighted average shares of common stock underlying options were excluded from the computation of diluted earnings per share ("EPS") because the effect would be anti-dilutive. There were 68,750 common stock equivalents from restricted shares that were anti-dilutive for the period. For the three months ended June 30, 2024, as the Company experienced a net loss, no potential common shares were included in the computation of diluted loss per share as they would be antidilutive. There were 1,603,169 weighted average shares of common stock underlying options excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were 1,930,248 common stock equivalents from restricted shares that were anti-dilutive for the period. For the six months ended June 30, 2025, 438,418 weighted average shares of common stock underlying options were excluded from the computation of diluted earnings per share ("EPS") because the effect would be anti-dilutive. There were 45,580 common stock equivalents from restricted shares that were anti-dilutive for the period. For the six months ended June 30, 2024, as the Company experienced a net loss, no potential common shares were included in the computation of diluted loss per share as they would be antidilutive. There were 1,587,479 weighted average shares of common stock underlying options excluded from the computation of diluted EPS because the effect would be anti-dilutive. There were 2,320,286 common stock equivalents from restricted shares that were anti-dilutive for the period.

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