Corecivic Earnings Reports

CoreCivic reported a strong third quarter in 2025, with total revenue increasing by 18.1% to $580.4 million and net income rising by 24.7% to $26.3 million. Diluted EPS grew by 26.3% to $0.24, and Adjusted EBITDA increased by 6.6% to $88.8 million. The growth was primarily fueled by higher federal and state populations, particularly from ICE, and the successful activation of several idle facilities.

CoreCivic delivered a robust second quarter in 2025, with significant increases across key financial metrics including total revenue, net income, and diluted EPS. The strong performance was primarily attributed to higher federal and state populations, increased average per diem rates, and the recognition of employee retention credits. The company also made strategic capital deployments through share repurchases and the acquisition of the Farmville Detention Center, while actively reactivating previously idled facilities to meet growing demand.

CoreCivic reported strong first quarter 2025 financial results, exceeding internal expectations due to increased occupancy and new contracts, particularly with ICE. The company is reactivating three previously idle facilities and increasing its annual financial guidance.

CoreCivic concluded 2024 with robust financial performance, achieving a total revenue of $479.3 million and a net income of $19.3 million for the fourth quarter. The company's occupancy rate reached 75.5%, the highest since Q1 2020, despite contract terminations with ICE and CDCR. CoreCivic also provided optimistic full-year 2025 guidance, anticipating accelerated demand from government partners and leveraging its available capacity and strong balance sheet.

CoreCivic reported a 2% increase in total revenue, reaching $491.6 million. Net income increased by 52% to $21.1 million, with diluted earnings per share of $0.19. The company raised its full year financial guidance, reflecting strong operating momentum and cost management.

CoreCivic reported increased revenue and net income in Q2 2024, driven by higher occupancy and cost management initiatives. Total revenue reached $490.1 million, and net income was $19.0 million, or $0.17 per diluted share. The company repurchased 1.3 million shares of common stock and continued to focus on debt reduction.

CoreCivic's Q1 2024 results showed a 9% increase in revenue compared to Q1 2023, propelled by a 75.2% occupancy rate, the highest since Q1 2020. The company also made progress on capital structure initiatives, including share repurchases and debt refinancing.

CoreCivic reported a 4% increase in revenue to $491.2 million compared to the prior-year quarter. The increase in FFO was driven by the higher federal and state populations combined with lower interest expense resulting from our debt reduction strategy.

CoreCivic reported a revenue of $483.7 million and a net income of $13.9 million for Q3 2023. Adjusted EPS increased to $0.14, driven by higher federal and state populations and lower interest expense. The company continued its debt reduction strategy, repaying nearly $140 million of debt net of the change in cash so far this year.

CoreCivic reported improved financial results for the second quarter of 2023, surpassing forecasts and leading to an increased financial outlook for the year. The company reduced its total debt by $34.1 million and repurchased $21.0 million of senior notes. The post-pandemic environment and the expiration of Title 42 have presented new challenges and increased the need for correctional and detention capacity.

CoreCivic reported first quarter 2023 financial results with a total revenue of $458.0 million and a net income of $12.4 million, or $0.11 per diluted share. The company repaid $153.8 million of senior notes and repurchased 2.5 million shares during the quarter.

CoreCivic's Q4 2022 results showed a total revenue of $471.4 million and a net income of $24.4 million. The company's adjusted diluted EPS was $0.22. The results were impacted by the transition of the contract with the state of Arizona, the expiration of the contract with the Federal Bureau of Prisons, and ongoing labor market pressures.

CoreCivic reported Q3 2022 financial results with a total revenue of $464.2 million and net income of $68.3 million. The company raised its full year guidance and continued its capital allocation strategy of reducing debt and returning capital to shareholders through share repurchases.

CoreCivic reported its Q2 2022 financial results, including a total revenue of $456.7 million and a net income of $10.6 million. The company's operations were affected by short-term earnings disruptions, but it made progress in improving its balance sheet and initiated share repurchases.

CoreCivic reported strong cash flow in Q1 2022, with total revenue of $453.0 million and net income of $19.0 million, or $0.16 per diluted share. The company is focused on debt reduction and plans to return capital to shareholders soon. However, the company is facing short-term headwinds, including earnings disruption from the commencement of a large new state contract and a challenging labor market.

CoreCivic reported Q4 2021 total revenue of $472.1 million, net income attributable to common stockholders of $28.0 million, and adjusted diluted EPS of $0.27.

CoreCivic reported a revenue of $471.2 million, a diluted EPS of $0.25, and an adjusted diluted EPS of $0.28 for Q3 2021. The company focused on debt reduction, with leverage decreasing to 2.7x. Despite challenges from the global pandemic and employment market, CoreCivic's cash flow generation remained strong.

CoreCivic announced its Q2 2021 financial results, reporting a total revenue of $464.6 million and a diluted EPS of $0.13. The company's Adjusted EBITDA slightly exceeded the Adjusted EBITDA for the same period in the prior year. CoreCivic also completed the sale of five non-core real estate assets for gross proceeds of $328.7 million and issued $450.0 million of Unsecured Senior Notes.

CoreCivic reported a total revenue of $454.7 million. The company experienced a net loss attributable to common stockholders of $125.6 million, or $1.05 per diluted share, but an adjusted diluted EPS of $0.24. The GAAP financial results were impacted by non-recurring charges related to the conversion from a REIT to a taxable C-corporation and a shareholder litigation settlement.

CoreCivic's Q4 2020 results showed a net loss attributable to common stockholders of $26.8 million, or $0.22 per diluted share. However, adjusted diluted EPS increased to $0.40, up from $0.36 in Q4 2019. Revenue totaled $473.5 million. The results were influenced by new contracts, lower general and administrative expenses, and the ongoing impact of COVID-19.

CoreCivic reported a decrease in net income and revenue for Q3 2020 compared to Q3 2019. The decrease was primarily due to lower utilization of existing contracts with ICE and modest utilization declines across many state-level contracts due to the ongoing impact of COVID-19. However, the company repaid $102.2 million in total debt during the quarter and is evaluating the potential sale of certain non-core real estate assets.

CoreCivic reported a decrease in total revenue by 3.6% to $472.6 million. Net income attributable to common stockholders was $22.2 million, with a diluted EPS of $0.18 and an adjusted diluted EPS of $0.33.

CoreCivic reported a slight increase in total revenue for Q1 2020, alongside earnings per share of $0.27. The company has focused on responding to the COVID-19 pandemic, implementing measures to protect employees and those in their care. They withdrew financial guidance due to uncertainties related to COVID-19.

CoreCivic reported a net income increase of 2% for Q4 2019, while adjusted net income decreased by 11%. Diluted EPS remained flat, but adjusted diluted EPS saw a 10% decrease. The company experienced lower ICE utilization than forecasted, which impacted per share results.