CXW: Q3 2025 revenue grew 18.1% YoY to $580.4M, with net income up to $26.3M on higher ICE demand

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Q3 2025 saw revenue rise 18.1% year-over-year to $580.4M, with net income up to $26.3M, driven by increased ICE detainee populations and new facility activations. Five previously idle facilities were reactivated, and the Farmville Detention Center acquisition added $40M in expected annual revenue.

Original document: CoreCivic, Inc. [CXW] SEC 10-Q Quarterly Report — Nov. 6 2025

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Why CoreCivic (CXW) Stock Is Trading Lower Today

Stock Story

CoreCivic, Inc.

+0.77%

What Happened?

Shares of private prison operator CoreCivic fell 12.2% in the morning session after the company reported third-quarter results that missed profit expectations and lowered its full-year earnings guidance.

While revenue grew a strong 18.1% year-over-year to $580.4 million and beat Wall Street's expectations, this was overshadowed by weakness in profitability. The company's adjusted earnings of $0.24 per share fell short of analysts' estimates of $0.26. More significantly, management slashed its full-year outlook, cutting its adjusted EPS guidance to a midpoint of $1.03, a 6.8% decrease from prior projections. Full-year EBITDA guidance was also lowered, signaling to investors that near-term profitability pressures outweighed the strong quarterly sales growth.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy CoreCivic? Access our full analysis report here.

What Is The Market Telling Us

CoreCivic’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. But moves this big are rare even for CoreCivic and indicate this news significantly impacted the market’s perception of the business.

The biggest move we wrote about over the last year was about 1 month ago when the stock dropped 5.2% as a report from The Conference Board showed its Consumer Confidence Index fell for a second consecutive month to 94.2, its lowest level since April 2025. The decline was driven by a more pessimistic view of current conditions, with the Present Situation Index falling by 7.0 points. Consumers' assessments of both business conditions and job availability weakened significantly, with the latter falling for the ninth straight month to a multiyear low. This drop in confidence is a concerning signal for the economy, as it often precedes a slowdown in consumer and business spending. For the business services sector, which is sensitive to economic cycles, weakening confidence can translate into reduced demand for a wide range of services.

CoreCivic is down 24.4% since the beginning of the year, and at $16.42 per share, it is trading 31.4% below its 52-week high of $23.94 from November 2024. Investors who bought $1,000 worth of CoreCivic’s shares 5 years ago would now be looking at an investment worth $2,737.

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Dj Corecivic Down Over 11%, On Pace For Largest Percent Decrease Since June 2024 - Data Talk

Reuters

CoreCivic, Inc.

+0.77%

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CoreCivic Down Over 11%, on Pace for Largest Percent Decrease Since June 2024 — Data Talk

Dow Jones Newswires

CoreCivic, Inc.

+0.77%

CoreCivic, Inc. (CXW) is currently at $16.47, down $2.17 or 11.64%

Would be lowest close since Nov. 5, 2024, when it closed at $13.63
On pace for largest percent decrease since June 11, 2024, when it fell 19.81%
Currently down two of the past three days
Down 24.24% year-to-date; on pace for worst year since 2020, when it fell 62.31%
Down 88.93% from its all-time closing high of $148.75 on Dec. 31, 1997
Down 25.41% from 52 weeks ago (Nov. 7, 2024), when it closed at $22.08
Down 31.2% from its 52-week closing high of $23.94 on Nov. 11, 2024
Would be a new 52-week closing low
Traded as low as $16.02; lowest intraday level since Nov. 5, 2024, when it hit $13.33
Down 14.06% at today's intraday low; largest intraday percent decrease since June 11, 2024, when it fell as much as 27.38%

All data as of 1:38:52 PM ET

Source: Dow Jones Market Data, FactSet

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CXW: Strong Q3 growth, new contracts, and accelerated buybacks set up record 2026 EBITDA

Quartr

CoreCivic, Inc.

+0.77%

Q3 2025 saw strong revenue and earnings growth, driven by new federal contracts and rising ICE populations. Startup costs at newly activated facilities impacted guidance, but run rate EBITDA is expected to exceed $450 million by mid-2026. Share repurchases accelerated amid undervalued stock.

Based on CoreCivic, Inc. [CXW] Q3 2025 Audio Transcript — Nov. 6 2025

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This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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CoreCivic Cuts Fiscal Year Guidance Amid Efforts to Launch New Detention Facilities

Dow Jones Newswires

CoreCivic, Inc.

+0.77%

By Katherine Hamilton

CoreCivic reduced its full-year earnings guidance after incurring start-up expenses tied to the launch several new immigration detention centers.

The prison operator on Wednesday said it cut its full-year net income outlook to a range of $107 million to $113 million, down from $116.4 million to $124.4 million. It lowered its outlook for earnings per share to a range of 99 cents to $1.05, from $1.08 to $1.15.

CoreCivic is still fielding strong demand from Immigration and Customs Enforcement, and expects detainee populations to continue to grow as ICE continues its crackdown on immigrants.

The company received several new contracts from ICE in the quarter, and is still in the process of activating three facilities related to the contracts. The ongoing activation process resulted in $3.4 million in operating losses during the quarter.

The company expects to reach stabilized occupancy at its new ICE detention centers in California and West Tennessee. Its intake process has been delayed at a center in Leavenworth, Kansas, where the company is facing a lawsuit over permitting.

The Brentwood, Tenn., company posted a profit of $26.3 million, or 24 cents a share, in the quarter ended Sept. 30, compared with $21.1 million, or 19 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were also 24 cents, below the 27 cents anticipated by analysts, according to FactSet.

Revenue rose 18% to $580.4 million. Analysts surveyed by FactSet forecast revenue of $543.1 million.

The government shutdown hasn't affected CoreCivic, as law enforcement is considered an essential government service, the company said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

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Dj Corecivic Cuts Fy Guidance Amid Efforts To Launch New Detention Facilities

Reuters

CoreCivic, Inc.

+0.77%

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CXW: Q3 2025 revenue grew 18.1% YoY to $580.4M, with net income up to $26.3M on higher ICE demand

Why CoreCivic (CXW) Stock Is Trading Lower Today

Dj Corecivic Down Over 11%, On Pace For Largest Percent Decrease Since June 2024 - Data Talk

CoreCivic Down Over 11%, on Pace for Largest Percent Decrease Since June 2024 — Data Talk

CXW: Strong Q3 growth, new contracts, and accelerated buybacks set up record 2026 EBITDA

CoreCivic Cuts Fiscal Year Guidance Amid Efforts to Launch New Detention Facilities

Dj Corecivic Cuts Fy Guidance Amid Efforts To Launch New Detention Facilities

Risk Disclosure