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ICE’s Largest Prison Contractors Hail ‘New Growth Opportunities’ as Revenue Reaches All-Time High
Feb 12, 2026
Two of Immigration and Customs Enforcement’s (ICE) biggest contractors for building and managing detention centers have posted record revenue in 2025, as companies are expanding their facilities nationwide to hold more immigrants apprehended by the Trump Administration.
GEO Group, which operates 19 facilities for ICE around the country, reported $2.6 billion in total revenue in 2025, up 6% from $2.43 billion in 2024. CoreCivic, which owns and operates at least ten ICE detention facilities, reported $2.2 billion in total revenue in 2025, up 13% from $1.96 billion in 2024.
During their earnings calls, both companies hailed the rapid expansion of their facilities, marking it a “significant growth opportunity,” and said they are working to reactivate facilities that were previously phased out under the Biden Administration to meet ICE’s increasing detention demands. The two companies have told ICE that, together, they can hold an additional population of 19,000 if needed.
Asked by one caller about how he views the current rate of ICE detentions—which, at fewer than 100,000 immigrants a day, the caller described as “below what investors thought [it] was going to be”— CEO of CoreCivic Patrick Swindle responded by assuring investors that the immigration crackdown will pick up pace.
https://time.com/7378284/ice-immigration-detention-contractors-record-revenue/?utm_source=twitter&utm_medium=social&utm_campaign=editorial&utm_content=130226
Feb 12, 2026
Two of Immigration and Customs Enforcement’s (ICE) biggest contractors for building and managing detention centers have posted record revenue in 2025, as companies are expanding their facilities nationwide to hold more immigrants apprehended by the Trump Administration.
GEO Group, which operates 19 facilities for ICE around the country, reported $2.6 billion in total revenue in 2025, up 6% from $2.43 billion in 2024. CoreCivic, which owns and operates at least ten ICE detention facilities, reported $2.2 billion in total revenue in 2025, up 13% from $1.96 billion in 2024.
During their earnings calls, both companies hailed the rapid expansion of their facilities, marking it a “significant growth opportunity,” and said they are working to reactivate facilities that were previously phased out under the Biden Administration to meet ICE’s increasing detention demands. The two companies have told ICE that, together, they can hold an additional population of 19,000 if needed.
Asked by one caller about how he views the current rate of ICE detentions—which, at fewer than 100,000 immigrants a day, the caller described as “below what investors thought [it] was going to be”— CEO of CoreCivic Patrick Swindle responded by assuring investors that the immigration crackdown will pick up pace.
https://time.com/7378284/ice-immigration-detention-contractors-record-revenue/?utm_source=twitter&utm_medium=social&utm_campaign=editorial&utm_content=130226
I love that this CEO is named Patrick Swindle
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