{"id":7868,"date":"2026-08-09T16:40:28","date_gmt":"2026-08-09T16:40:28","guid":{"rendered":"https:\/\/bestusamoverss.com\/?p=7868"},"modified":"2026-08-09T16:40:28","modified_gmt":"2026-08-09T16:40:28","slug":"private-prisons-announce-1-4-billion-in-revenue-as-immigration-detentions-climb","status":"publish","type":"post","link":"https:\/\/bestusamoverss.com\/?p=7868","title":{"rendered":"Private prisons announce $1.4 billion in revenue as immigration detentions climb"},"content":{"rendered":"
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America’s two largest private prison companies, CoreCivic and GEO Group, are reporting a combined $1.4 billion in quarterly revenue over the spring as immigration detention closes in on record levels.<\/p>

Read more Meet the man circumnavigating the Arctic Ocean, alone<\/a><\/p>

Those revenues announced Thursday do not include net proceeds of $1.6 billion made by CoreCivic after the recent sale of four of their facilities to the Department of Homeland Security. Patrick Swindle, CoreCivic’s President and CEO, told investors on an earnings call that that works out to an average rate of $307,000 per bed.<\/p>

The earnings \u2014 from April through June of this year \u2014 come as the U.S. is holding almost 66,000 people in immigration detention<\/u>, nearing record levels not seen since January, according to Transactional Records Access Clearinghouse, a nonpartisan research center. Both companies say they’re also finding other revenue opportunities, like ankle monitors for Haitian immigrants who recently lost their protected immigration status.<\/p>\n

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\"Migrant<\/figure>\n<\/figure>\n
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Immigration <\/h3>\n

Small Texas law firm set to receive $150M to represent unaccompanied migrant children <\/h3>\n<\/div>\n\n<\/div>\n\n<\/div>\n\n

Swindle said that CoreCivic’s total revenue went up by just over 27% this spring compared to the same quarter last year, for a total of $684.9 million. CoreCivic exceeded expectations in a period that included the government shutdown, Swindle said. This was accomplished in part by lowering operating costs \u2014 meaning the business of detaining people is becoming cheaper \u2014 and because of more people being put in detention.<\/p>

CoreCivic’s sales of detention centers to the government won’t be reflected until next quarter \u2014 but they are part of a larger strategy to meet President Trump’s goal of having 100,000 people in detention at once. CoreCivic made a deal to continue operating the detention centers and also hopes to build more. Meanwhile, GEO Group says they’re also in talks to do the same.<\/p>

GEO Group’s Trump administration ties<\/h3>

GEO Group CEO George Zoley said in his company’s earnings call also on Thursday that thanks to 2025 contracts, total revenues are up to $732.1 million \u2014 an increase of nearly $96 million or 15% \u2014 over the same period last year.<\/p>

GEO Group’s government ties run deep. Former GEO Group executive David Venturella<\/u> is the acting director of ICE. In a recent letter, he he has divested his GEO Group stock.<\/p>

Read more This rising painter reimagines Renaissance art in a cocoa plantation in Cameroon<\/a><\/p>\n

President Trump’s border czar Tom Homan was also a paid consultant for GEO Group<\/u> before joining the government, and former Attorney General Pam Bondi lobbied for GEO Group<\/u> before she was appointed.<\/p>\n\n

President Trump also has financial stakes in the two companies, according to Citizens for Responsibility and Ethics. An analysis of Trump’s most recent financial disclosure<\/u> by CREW last month found that the president’s brokers have made 29 trades of private prison stocks since he returned to office. According to the study, the first purchases were made on the 10th day of his second term. The total amount bought and sold was in the hundreds of thousands of dollars split between GEO Group and CoreCivic.<\/p>

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\"A<\/figure>\n<\/figure>\n
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Business <\/h3>\n

A former GEO Group executive now runs ICE. The company’s government ties run deep<\/h3>\n<\/div>\n\n<\/div>\n\n<\/div>\n\n

More revenue streams<\/h3>

In Thursday’s call, GEO Group noted that their ankle monitoring sales are up. The electronic devices are part of the Intensive Supervision Appearance Program contract it has with ICE, along with smartwatches and the SmartLink phone app that help the government keep tabs on immigrants outside of detention, Zoley said. <\/p>

Zoley also told investors that GPS-tracking ankle monitors in particular will likely keep climbing now that Temporary Protected Status for Haitian immigrants has ended.<\/p>

“Because of this new policy shift as to who will be subject to this immigration enforcement like \u2026 the Haitians, we could see a significant increase in the number of people in the ISAP program,” Zoley said, adding “most of them, we believe, would be placed under the ankle monitoring supervision.” He noted that “the app is far less expensive than the ankle monitors.”<\/p>

Member station WVXU<\/u> in Ohio previously reported on seeing Haitian migrants fitted with ankle monitors as they left meetings with ICE officials. GEO Group also drew more money from transportation and flight contracts with the government, which went up in line with more deportations, according to Zoley.<\/p>

Read more Can birth control trends explain the rise in abortions? It\u2019s complicated<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

That revenue does not include net proceeds of $1.6 billion made by CoreCivic after the recent sale of four of their facilities to the Department of Homeland Security.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[114],"tags":[361,462],"class_list":["post-7868","post","type-post","status-publish","format-standard","hentry","category-immigration","tag-ice-detention","tag-trump-administration"],"yoast_head":"\nPrivate prisons announce $1.4 billion in revenue as immigration detentions climb - Best USA Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bestusamoverss.com\/?p=7868\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private prisons announce $1.4 billion in revenue as immigration detentions climb - 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