U.S. — CoreCivic and GEO Group reported a combined $1.4 billion in quarterly revenue for the period of April through June 2026. The United States held approximately 66,000 people in immigration detention during the second quarter of 2026.

CoreCivic reported total revenue of $684.9 million for the second quarter of 2026. This figure represented an increase of more than 27 percent compared to the same quarter in the previous year. The company generated net proceeds of $1.6 billion from the sale of four facilities to the Department of Homeland Security.

CoreCivic has agreed to continue operating detention centers it sold to the government. The company operates 82 state and federal correctional and detention facilities in the U.S.

"That works out to an average rate of $307,000 per bed," CoreCivic President and CEO Patrick Swindle said. GEO Group reported total revenues of $732.1 million for the second quarter of 2026. GEO Group's revenue increased by nearly $96 million, or 15 percent, compared to the same quarter in the previous year.

The company is in discussions to sell detention centers to the government while continuing to operate them. As of September 30, 2024, GEO Group owned or managed 80,000 beds at 95 facilities. GEO Group was established in 1984.

David Venturella, the acting director of U.S. Immigration and Customs Enforcement, is a former executive at GEO Group. David J. Venturella has served as the acting director of United States Immigration and Customs Enforcement since June 1, 2026. Venturella stated in a letter to lawmakers that he has divested his stock in GEO Group.

Tom Homan served as a paid consultant for GEO Group before joining the government as White House Border Czar. Former Attorney General Pam Bondi lobbied for GEO Group before her appointment.

An analysis by Citizens for Responsibility and Ethics in Washington found that brokers for President Trump executed 29 trades of private prison stocks after he returned to office. The first purchases of private prison stocks by President Trump's brokers occurred on the tenth day of his second term. The total value of private prison stock trades by President Trump's brokers amounted to hundreds of thousands of dollars. PureSource News reported on 2026-06-10 that a GAO report detailed management issues at Camp East Montana.

GEO Group holds a contract with U.S. Immigration and Customs Enforcement for the Intensive Supervision Appearance Program, which includes electronic devices such as ankle monitors, smartwatches, and the SmartLink phone app. Temporary Protected Status for Haitian immigrants has ended. "Because of this new policy shift as to who will be subject to this immigration enforcement like … the Haitians, we could see a significant increase in the number of people in the ISAP program," GEO Group CEO George Zoley said. "Most of them, we believe, would be placed under the ankle monitoring supervision."

The financial results reflect the continued reliance of federal immigration enforcement on private contractors for detention and supervision services. The end of Temporary Protected Status for Haitian immigrants and potential increases in the Intensive Supervision Appearance Program suggest ongoing demand for these services. Scrutiny over ties between industry executives and federal immigration officials, including former GEO Group employees in key government roles, raises questions about conflicts of interest in the allocation of government contracts.

Why It Matters

The combined $1.4 billion quarterly revenue for CoreCivic and GEO Group reflects a financial model where companies sell facilities to the government while retaining operational contracts. Policy changes, such as the end of Temporary Protected Status for Haitian immigrants, directly correlate with projected increases in the Intensive Supervision Appearance Program managed by these contractors. This dynamic occurs alongside documented employment ties between company executives and federal immigration leadership, linking personnel movements to contract allocation.