GEO Group’s wholly‑owned subsidiary, BI Incorporated, has been awarded a two‑year skip‑tracing contract with U.S. Immigration and Customs Enforcement (ICE), valued at up to $121 million and effective December 16, 2025.
The agreement consists of an initial one‑year term with a one‑year option, and it will provide ICE with services that verify individuals’ current and alternative addresses on the non‑detained docket. BI has supplied these services to ICE for more than 21 years, underscoring a deep, long‑standing relationship.
The contract represents about 4.8 % of GEO Group’s $2.53 billion annual revenue and adds a predictable, high‑margin revenue stream that complements the company’s existing detention, electronic monitoring, and transportation offerings. GEO’s U.S. Secure Services segment generated $1.60 billion last year, while the new skip‑tracing line will broaden the company’s footprint in the non‑detained docket.
Executive Chairman George C. Zoley said the award “demonstrates the confidence that ICE and the U.S. Department of Homeland Security continue to place in our company and highlights the quality of the solutions BI has delivered for more than two decades.”
The contract has drawn political scrutiny, as congressional representatives—including Rep. Raja Krishnamoorthi—have criticized the privatization of immigration enforcement functions, raising concerns about transparency and potential abuses.
ICE has also awarded other significant skip‑tracing contracts to multiple vendors, indicating a competitive market and growing demand for these services. GEO’s long‑standing relationship and proven track record give it a competitive edge in securing such contracts.
In pre‑market trading, GEO’s shares rose 2.3 % and after‑hours trading saw a 3 % increase, reflecting investor confidence in the stability and growth potential of the new revenue stream.
The contract supports GEO Group’s strategic pivot toward non‑detained services, diversifying its business beyond traditional detention facilities and positioning the company to capture higher‑margin opportunities in the broader immigration enforcement ecosystem.
While the deal strengthens GEO’s financial position, the company must navigate ongoing political headwinds and regulatory scrutiny that could impact future contracts and public perception.
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