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CoreCivic
CoreCivic (CXW) investor relations material
CoreCivic Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue reached $580.4 million, up 18.1% year-over-year, driven by increased ICE detainee populations, new facility activations, and higher federal and state populations.
Net income for Q3 2025 was $26.3 million ($0.24 per diluted share), up 24.7% year-over-year, with adjusted EPS also at $0.24, up 20%.
Five previously idle facilities were reactivated under new ICE contracts, expected to generate $320–$500 million in annual revenue at stabilized occupancy.
Acquisition of the Farmville Detention Center for $71.4 million in July 2025 is expected to add $40 million in annual revenue.
CEO transition announced: Patrick Swindle to succeed Damon Hininger as CEO in January 2026.
Financial highlights
Q3 2025 adjusted EBITDA: $88.8 million, up 6.6% year-over-year; operating margin: 22.7%; normalized FFO per share: $0.48, up 11.6%.
Q3 2025 net income: $26.3 million; diluted EPS: $0.24; nine months net income: $90.0 million (+81.5% YoY).
Revenue from ICE increased 54.6% to $215.9 million; federal partners comprised 55% of Q3 revenue.
Q3 results exceeded internal forecasts for adjusted EPS, FFO per share, and adjusted EBITDA.
Average daily residential population in Safety and Community segments grew to 55,236, with occupancy at 76.7%.
Outlook and guidance
2025 adjusted EBITDA guidance: $355–$359 million, revised downward due to start-up costs at newly activated facilities.
Full-year 2025 net income guidance: $107–$113 million, down from prior guidance.
Capital expenditures for 2025 expected at $97.5–$99.5 million for facility activations, plus $29–$31 million for maintenance.
Run rate revenue expected to reach $2.5 billion and EBITDA over $450 million by mid-2026.
Stabilized occupancy at newly reactivated facilities anticipated in Q1–Q2 2026.
Q4 share buyback acceleration plans?
Midwest facility lawsuit resolution timeline?
Pipeline for remaining idle facility activations?
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Next CoreCivic earnings date
Q4 202512 Feb, 2026
CoreCivic
Next CoreCivic earnings date
Q4 202512 Feb, 2026
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Frequently asked questions
CoreCivic Inc provides corrections and detention management services, operating private prisons, residential reentry centers, and community corrections facilities. The company also develops and leases properties for government agencies through its real estate solutions segment. CoreCivic serves federal, state, and local agencies across the United States. The company is headquartered in Brentwood, Tennessee, and its shares are listed on the NYSE.
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