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Turner Guilford Knight Correctional , located at 7000 NW 41st St in Miami, FL, is a secure detention center operated by the Dade County Sheriff's Office.
Photo: Sirocuartel | CC BY-SA 4.0 | Wikimedia Commons

CoreCivic, GEO Report $1.4 Billion As ICE Detention Nears Record

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CoreCivic and GEO Group reported a combined $1.4 billion in revenue for the April-June quarter, the companies disclosed Thursday as U.S. immigration detentions approached prior record levels.[1]

CoreCivic's quarterly revenue rose just over 27% year-over-year to $684.9 million, while GEO Group's increased about 15% to $732.1 million.[1] The firms' results came as the U.S. held almost 66,000 people in immigration detention during the quarter, a level near previous records.[1]

CoreCivic sold four detention centers to the Department of Homeland Security for $1.6 billion, roughly $307,000 per bed.[1] The company retained the operating contracts for those facilities and has positioned itself to support the Trump administration's target of housing 100,000 detainees.[1] David Venturella, a former GEO executive, is now acting director of Immigration and Customs Enforcement.[1] A watchdog said White House-linked brokers traded hundreds of thousands of dollars in CoreCivic and GEO stock during President Trump's second term.[1]

Investors and civil rights groups said the earnings underscore how closely the private prison industry depends on immigration enforcement.[1] The disclosures could add pressure on lawmakers and regulators weighing tighter oversight of detention contracting.

  1. NPR
Immigration & Demographic Change Private Prisons and Detention Federal Contracting and Ethics
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📌 Key Facts

  • On Thursday, August 6, 2026, CoreCivic and GEO Group disclosed a combined $1.4 billion in revenue for the April–June quarter.
  • CoreCivic’s quarterly revenue increased just over 27% year-over-year to $684.9 million, while GEO Group’s rose about 15% to $732.1 million.
  • The U.S. held almost 66,000 people in immigration detention during the period, nearing prior record levels.
  • CoreCivic recently sold four detention centers to DHS for $1.6 billion, or about $307,000 per bed, while retaining operating contracts and positioning for Trump’s 100,000-detainee goal.
  • Former GEO Group executive David Venturella is now acting ICE director, and a watchdog says President Trump’s brokers have traded hundreds of thousands of dollars in CoreCivic and GEO stock during his second term.

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August 08, 2026
10:00 AM
Private prisons announce $1.4 billion in revenue as immigration detentions climb
NPR by Vanessa Romo