CoreCivic's CEO reported a significant increase in business driven by the increasing need for immigration detention amidst the Trump administration's policies. During the second quarter of 2025, revenue from ICE contracts rose 17%, amounting to over $176 million, while net income exceeded $38 million, showing a more than 100% increase. ICE, as CoreCivic's largest customer, recorded its highest ever detention population of 57,861. New legislation, the One Big Beautiful Bill, aims to provide $45 billion for expanding immigration detention capacity, further boosting CoreCivic's projected growth.
CoreCivic's CEO noted a dramatic shift in ICE activities and demand for bed capacity due to new legislation aimed at increasing immigration detention facilities. This context has significantly impacted the private prison sector.
The Trump administration's mass deportation strategy has led to rapid increases in federal detention populations, directly benefiting CoreCivic's business model and financial performance in the second quarter of 2025.
CoreCivic reported a revenue increase of 17 percent for its ICE contracts, significantly boosted by higher detention populations, with the company noting that ICE remains its largest customer.
The anticipated One Big Beautiful Bill Act is expected to further increase CoreCivic's business, as it allocates $45 billion towards building new immigration jails.
Collection
[
|
...
]