GEO GROUP INC
The GEO Group, Inc. (GEO) is an American publicly traded C corporation private prison and mental health facility operator. The company's facilities include immigration detention centers, minimum security detention centers, and mental-health and residential-treatment facilities in the United States, Australia, South Africa, and the United Kingdom. GEO also operates government-owned facilities pursuant to management contracts. As of September 30, 2024, the company owned or managed 80,000 beds at 95 facilities, making it the largest prison operator in the United States. In 2019, agencies of the federal government of the United States generated 53% of the company's revenues. Up until 2021 the company was designated as a real estate investment trust, at which time its board of directors elected to reclassify as a C corporation under the stated goal of reducing the company's debt.
Basic company information
Each field links to its source. Financial figures retain their reporting periods; background references are identified in the source list.
- Business sectors
- real estate investment trust [1]
- Company / filing name
- GEO GROUP INC [2]
- Headquarters location
- Boca Raton [1]
- Founded
- 1984 [1]
- Founders
- Giorgos Zoley [1]
- Official website
- www.geogroup.com ↗ [1]
- ISIN (reported securities)
- US36162J1060 [1]
- CIK
- 923796 [2]
- Country in background record
- United States [1]
- Symbols / exchanges
- GEO (NYSE) [2]
Company positioning and business
The GEO Group, Inc. (GEO) is an American publicly traded C corporation private prison and mental health facility operator. The company's facilities include immigration detention centers, minimum security detention centers, and mental-health and residential-treatment facilities in the United States, Australia, South Africa, and the United Kingdom. GEO also operates government-owned facilities pursuant to management contracts. As of September 30, 2024, the company owned or managed 80,000 beds at 95 facilities, making it the largest prison operator in the United States. In 2019, agencies of the federal government of the United States generated 53% of the company's revenues. Up until 2021 the company was designated as a real estate investment trust, at which time its board of directors elected to reclassify as a C corporation under the stated goal of reducing the company's debt. [3]
The company has been the subject of civil suits in the United States by prisoners and their families for injuries from riots and poor treatment at prisons and immigrant detention facilities. Due to settlement of a class-action suit in 2012 for its management of Walnut Grove Youth Correctional Facility in Mississippi, the GEO Group lost its contract for this and two other Mississippi prisons, which it had been operating since 2010. Related federal investigations of kickback and bribery schemes associated with nearly $1 billion in Mississippi state contracts for prisons and related services have resulted in the criminal prosecution of several public officials in the state. In 2017, the state attorney general announced a civil suit for damages, to recover monies from contracts completed in the period of corruption. After a phase-out of federal private prison contracts in 2016 under the Obama administration, GEO Group received substantial new contracts under the second Trump administration, beginning in 2025. [3]
Background text: Wikipedia contributors, GEO Group. Selected introductory paragraphs, licensed under CC BY-SA 4.0. Official filing data is cited separately.
Financial year, securities and disclosures
Listed securities: GEO (NYSE). Multiple symbols may represent different share classes or securities of the same registrant. [2]
History and key events
Founding / inception date recorded in Wikidata. [1]
Financial results and regulatory disclosures
No individual financial documents have been indexed yet. Open the source to consult company disclosures. [2]
Related entities and concepts
Frequently asked questions
When was GEO GROUP INC founded?
Founded: 1984. The linked source provides the background record. [1]
Where is the headquarters of GEO GROUP INC?
Headquarters location: Boca Raton. The linked source provides the background record. [1]
Which business sectors are recorded for GEO GROUP INC?
Business sectors: real estate investment trust. The linked source provides the background record. [1]
Sources and review dates
- Wikidata — company background record (CC0) ↗
- Company identity and profile data ↗
- Wikipedia contributors — GEO Group (CC BY-SA 4.0) ↗
Reviewed 23 October 2026. Financial periods and historical event dates are shown separately. Figures reflect their stated source dates; this page is not a live quote or investment recommendation.