The evidence file
Company filings and federal law behind the video on ICE-related revenue, CoreCivic’s Diamondback payment terms, and funding for immigration detention capacity.
The dollar amounts in the video describe company revenue or federal appropriations, not ICE-specific net profits. GEO’s company-wide ICE revenue includes services beyond detention. The claim notes below distinguish reported results, a calculated approximation, company forecasts, and the closing interpretation.
Connecting the dots
The statements in the video, with the sources behind them.
Statement 01
The federal appropriation documents public funding for detention capacity; the company filings document ICE-related revenue. The company-wide figures cited in the video are not detention-only totals: GEO’s ICE revenue includes services for people on the non-detained docket. Revenue must cover operating costs before any profit remains.
Statement 02
GEO’s Form 10-K reports ICE at 47.6% of total consolidated revenue for the year ended December 31, 2025. The annual report gives $2,631.5 million in total revenue. Multiplying $2,631.5 million by 47.6% gives $1,252.594 million, approximately $1.25 billion. This uses a published percentage and is not a separately reported exact ICE revenue total. The annual-report highlights round ICE’s share to 48%. GEO’s ICE revenue also includes the Intensive Supervision Appearance Program for people on the non-detained docket.
Statement 03
CoreCivic’s annual report expressly reports $770.7 million from ICE for the year ended December 31, 2025. The amount covers multiple management contracts and property types, not one facility. CoreCivic trades on the New York Stock Exchange under CXW.
Statement 04
CoreCivic’s Q1 2026 Form 10-Q, printed page 28, describes a fixed monthly payment plus an incremental per diem payment based on detainee populations. The agreement operates through an intergovernmental service agreement between Oklahoma’s Department of Corrections and ICE. This evidence is the company’s filing describing the arrangement, not the signed agreement itself; these terms should not be generalized to all ICE contracts.
Statement 05
CoreCivic’s February 11, 2026 results release identifies the 2,160-bed facility and projects approximately $100 million in annual revenue at stabilized occupancy. This is a company forecast, not guaranteed profit or annual revenue already earned. The August 5 Q2 release still includes Diamondback among operating facilities in activation.
Statement 06
Section 90003(a) of Public Law 119-21, enacted July 4, 2025, appropriates $45 billion to ICE for fiscal year 2025, available until September 30, 2029, for single-adult detention capacity and family residential-center capacity. This is additional multiyear funding, not $45 billion each year or an award of the entire amount to private companies.
Statement 07
This distinguishes facility operation from government immigration-custody authority. Section 1226(a) provides background on governmental arrest, detention, and release authority. Statutes and legal processes govern custody; the statement does not mean that ICE acts without legal constraints or that contractors cannot influence policy.
Statement 08
Editorial interpretation of a paid, for-profit business. Revenue pays operating costs before any profit remains. The cited amounts are revenue or appropriations, not ICE-specific net profits, and do not establish a fixed profit per detainee. CoreCivic’s Q2 release reports positive aggregate operating income for four newly activated facilities, including Diamondback, but does not isolate Diamondback’s profit.
Source documents / 06
The GEO Group, Inc. — filing hosted by the SEC
For the year ended December 31, 2025. The customer-concentration disclosure supplies the 47.6% ICE share. The filing also identifies GEO’s New York Stock Exchange listing. Its ICE business includes non-detention services; the revenue figure is not a detention-only total.
The GEO Group, Inc. — filing hosted by the SEC
PDF page 2, printed page 1: $2,631.5 million in total revenue for 2025 and a rounded 48% ICE share. The calculation in the video uses the formal Form 10-K’s more precise 47.6% disclosure.
CoreCivic, Inc. — filing hosted by the SEC
PDF page 18 expressly reports $770.7 million in ICE revenue for the year ended December 31, 2025. This is company-wide ICE revenue across multiple contracts and property types.
CoreCivic, Inc. — filing hosted by the SEC
PDF page 48 presents the $770.7 million ICE revenue figure alongside the customer-share disclosure. This is a second passage in the same annual report, not an independent source.
CoreCivic, Inc. — filing hosted by the SEC
Printed pages 21 and 28 identify Diamondback’s capacity, ICE relationship, and intake. Page 28 describes the fixed monthly and population-based payment mechanism. These are the HTML filing’s printed page labels; browser-generated PDF pagination may differ.
CoreCivic — release hosted by the SEC ·
Page 4 identifies the 2,160-bed Diamondback facility and forecasts approximately $100 million in annual revenue at stabilized occupancy. It is a company projection, not an audited facility-profit figure.
Source documents / 02
U.S. Congress / U.S. Government Publishing Office ·
Enacted July 4, 2025. Section 90003(a), PDF page 288 (139 Stat. 358), appropriates $45 billion for the stated detention-capacity purposes, available until September 30, 2029.
U.S. Government Publishing Office
2024 Code edition. Background on governmental arrest, detention, and release authority, used to distinguish government custody decisions from private facility operation.
Source documents / 01
CoreCivic ·
Pages 1–2 provide later company context: Diamondback remained among operating facilities in activation. Reported positive operating income covers four newly activated facilities in aggregate and does not isolate Diamondback’s profit.
Attribution
Visual asset
By The GEO Group, Inc.; hosted by the SEC
For the year ended December 31, 2025. PDF page 2 (printed page 1) shows $2,631.5 million in total revenue and a rounded 48% ICE share. The formal Form 10-K provides the 47.6% used in the script.
Visual asset
By The GEO Group, Inc.; hosted by the SEC
For the year ended December 31, 2025. Customer-concentration disclosure supporting the 47.6% ICE share; credited alongside the annual-report Financial Highlights.
Visual asset
By CoreCivic, Inc.; hosted by the SEC
For the year ended December 31, 2025. PDF pages 18 and 48 support the company-wide $770.7 million ICE revenue statement.
Visual asset
By CoreCivic, Inc.; hosted by the SEC
Printed pages 21 and 28 identify Diamondback’s capacity, ICE relationship, and intake; page 28 supplies the payment mechanism. The $100 million forecast comes from the separate February 11 results release.
Visual asset
By U.S. Congress; official publication from the U.S. Government Publishing Office
July 4, 2025. Section 90003(a), PDF page 288 (139 Stat. 358), contains the $45 billion appropriation, its purpose, and the September 30, 2029 availability date.
Document excerpts are presented for reporting and commentary. No endorsement by the source organizations is implied. Any added cropping, highlighting, or zooming is presentation emphasis, not part of the original documents.
Transparency
The source record was prepared on September 17, 2026. Company reporting periods are identified separately from publication dates; no filing date is inferred from a fiscal-year or quarter-end label.
The GEO approximation is $2,631.5 million × 47.6% = $1,252.594 million, rounded to roughly $1.25 billion. It uses the formal 10-K percentage rather than the rounded 48% in the annual-report highlights.
PDF page references use the linked file’s viewer count. The HTML Form 10-Q references use its printed page labels.
No songs or background music were used in this video.