CoreCivic, Inc. Earnings Recaps
Q3 2025
Nov 7, 2025
CoreCivic reported strong contract activations in Q3 2025, projecting significant earnings growth driven by new detention facility contracts, although initial start-up costs are expected to impact Q4 performance.
Key takeaways
- Secured four new contracts with total expected annual revenue of approximately $320 million, enhancing 2026 revenue projections.
- Full-year 2025 financial guidance indicates an anticipated annual revenue run rate of $2.5 billion and EBITDA exceeding $450 million once facilities reach stabilized occupancy.
- ICE detention populations reached historical highs, suggesting potential for increased demand from government partners.
- Ongoing share repurchase program saw $121 million in shares bought back year-to-date, indicating strong management confidence in stock valuation.
- Company maintains approximately 24,000 available beds, poised to accommodate additional government demand.
Q2 2025
Aug 11, 2025
CoreCivic reported strong second quarter 2025 results, with total revenue up 9.8% year-over-year and robust growth in adjusted EBITDA, driven by increased demand from federal detention populations.
Key takeaways
- Adjusted EBITDA increased to $103.3 million, reflecting a 23.2% growth from the prior year.
- Successful repurchase of 3.9 million shares year-to-date, totaling $81 million, demonstrating commitment to returning value to shareholders.
- The company secured an acquisition of the Farmville Detention Center for $67 million, enhancing its portfolio with expected accretive earnings.
- Positive outlook with revised full-year 2025 guidance, bolstered by federal funding initiatives and increased occupancy projections.