America's two largest private prison operators, CoreCivic and GEO Group, reported a combined $1.4 billion in quarterly revenue as U.S. immigration detentions approach record highs. The financial surge is driven by increased detainee populations, lower operating costs, expanded monitoring contracts, and CoreCivic's $1.6 billion sale of facilities to the Department of Homeland Security. Both companies are actively expanding operations to support the administration's goal of simultaneously detaining 100,000 immigrants. The report also highlights extensive financial and political connections between the prison firms, key administration officials, and President Trump, raising ongoing conflict-of-interest concerns.
Original Article Source Link:
https://www.npr.org/2026/08/08/nx-s1-5923881/geo-group-corecivic-immigration-detention