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CoreCivic, Inc.
As of May 30, 2026 at 24:05 UTC
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About CoreCivic, Inc.
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Community segment owns and operates residential reentry centers. The Properties segment owns properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the CoreCivic Safety segment which consists of correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by the company, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic.
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Latest News
5 articlesHahn Capital Management acquired a new $4.61 million stake in CoreCivic (241,322 shares) in Q4 2025, representing 2.49% of fund assets. Despite the stock being down 9.7% over the past year, CoreCivic showed strong financial performance with 26% revenue growth, 69% net income increase, and improved occupancy at 78.1%, with management guiding for continued growth in 2026.
CoreCivic promoted Daren Swenson to Executive Vice President and Chief Corrections and Reentry Officer, recognizing his long-standing service and leadership within the organization.
CoreCivic secured two new contracts with ICE to utilize 3,593 beds at two facilities, expecting total annual revenue of nearly $200 million. The California City Immigration Processing Center and Midwest Regional Reception Center contracts will help support ICE's immigration enforcement efforts.
CoreCivic reported strong Q2 2025 financial results, with revenue of $538.2 million, 80% earnings per share growth, and raised full-year guidance. The company saw increased demand from ICE and government detention services, with higher occupancy rates and facility expansions.
CoreCivic, a private prison operator, has been awarded a new management contract with the state of Montana to house additional inmates in its out-of-state facilities, including the Tallahatchie County Correctional Facility in Mississippi and the Saguaro Correctional Facility in Arizona. This expansion of the partnership with Montana is seen as a validation of CoreCivic's services.