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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 183,945 $ 76,896
Restricted cash and cash equivalents 0 2,785
Accounts receivable, net of credit loss reserve of $665 and $685, respectively 452,918 376,013
Prepaid expenses and other current assets 48,461 44,485
Total current assets 685,324 500,179
Restricted Cash and Investments 169,956 145,366
Property and Equipment, Net 1,884,668 1,899,690
Operating Lease Right-of-Use Assets, Net 73,713 95,327
Deferred Income Tax Assets 9,522 9,522
Goodwill 756,024 756,001
Intangible Assets, Net 119,643 126,576
Other Non-Current Assets 110,423 99,419
Total Assets 3,809,273 3,632,080
Current Liabilities    
Accounts payable 68,719 67,464
Accrued payroll and related taxes 99,258 68,044
Accrued expenses and other current liabilities 235,454 177,768
Operating lease liabilities, current portion 17,781 25,335
Current portion of finance lease liabilities and long-term debt 1,422 1,612
Total current liabilities 422,634 340,223
Deferred Income Tax Liabilities 87,497 78,198
Other Non-Current Liabilities 167,987 95,410
Operating Lease Liabilities 58,562 73,638
Long-Term Debt, Net 1,552,613 1,711,197
Commitments, Contingencies and Other Matters (Note 11)
Shareholders’ Equity    
Preferred stock, $0.01 par value, 30,000,000 shares authorized, none issued or outstanding 0 0
Common stock, $0.01 par value, 225,000,000 shares authorized, 141,162,782 and 140,181,318 issued and 139,196,003 and 140,181,318 outstanding, respectively 1,412 1,402
Additional paid-in capital 1,314,953 1,315,256
Retained earnings 262,486 39,880
Accumulated other comprehensive loss (15,605) (21,602)
Treasury stock, 1,966,779 and 0 shares, at cost, respectively (41,630) 0
Total shareholders’ equity attributable to The GEO Group, Inc. 1,521,616 1,334,936
Noncontrolling interests (1,636) (1,522)
Total shareholders’ equity 1,519,980 1,333,414
Total Liabilities and Shareholders’ Equity $ 3,809,273 $ 3,632,080