Private prisons rake in $1.4B as immigration detentions near record highs
Private prisons announce $1.4B in revenue as immigration detentions climb
CoreCivic and GEO Group, America's two largest private prison companies, reported a combined $1.4 billion in quarterly revenue for spring 2026, driven by surging immigration detentions. The figure excludes CoreCivic's $1.6 billion profit from selling four facilities to the Department of Homeland Security. With nearly 66,000 people in ICE custody, both firms are expanding into ankle monitoring for Haitian immigrants and other revenue streams, while facing scrutiny over their deep ties to the Trump administration.
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, most of them, we believe, would be placed under the ankle monitoring supervision.