CoreCivic, Inc. (CXW) FY2025 10-K Annual Report

Filed: Feb 20, 2026
Financials
Real Estate Investment TrustsSEC EDGAR

CoreCivic, Inc. (CXW) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

CoreCivic, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: Operates and manages correctional, detention, and residential reentry facilities for federal, state, and local governments
  • New emphasis: Expansion of ICE contracts triggered by 2025 immigration enforcement laws and $75B funding under the One Big Beautiful Bill Act
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Management Discussion & Analysis

  • Revenue $2.21B, up 12.7% YoY from $1.96B in 2024
  • Net income $113.6M vs $63.5M in 2024, operating expenses $1.69B vs $1.49B
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Risk Factors

  • Regulatory risk from potential changes in the DOJ's Federal Bureau of Prisons contract policies affecting 40 correctional facilities with 68,000 beds
  • Macroeconomic impact from U.S. government budget adjustments influencing funding for 20 residential reentry centers with 4,000 beds
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CoreCivic, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$2.2B

+12.7% YoY

Net Income

$117M

+69.2% YoY

Net Margin

5.3%

+176bp YoY

ROE

8.3%

+368bp YoY

Total Assets

$3.3B

+11.1% YoY

EPS (Diluted)

$1.08

+74.2% YoY

Operating Cash Flow

$195M

-27.7% YoY

Source: XBRL data from CoreCivic, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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