Private prison and surveillance companies are reporting major revenue gains as the Trump administration accelerates immigration arrests and detentions, with GEO Group, CoreCivic, and tech contractor Palantir collectively taking in more than $1.17 billion in the second quarter of 2025, a new report by The Guardian has revealed.
GEO Group posted $636.2 million in quarterly revenue, exceeding analyst expectations, while CoreCivic reported $538.2 million, up nearly 10% from last year. GEO's detention centers currently house about 20,000 of Immigration and Customs Enforcement's (ICE) estimated 57,000 detainees. CoreCivic said it has offered ICE around 30,000 beds nationwide.
