Monitor for additional ISAP V task orders or modifications that could further expand GEO's government services revenue. The modification adds meaningful backlog but is within the range of routine DHS contract actions for this program.
Price Chart
Executive Summary
GEO Group subsidiary B.I. Incorporated received a $120.2 million contract modification from DHS for the Intensive Supervision Appearance Program (ISAP V). The award represents approximately 4.3% of GEO's annualized revenue, a notable but not transformative addition to its government services backlog.
Key Financial Metrics
Key Facts
- Modification P00005 to contract 70CDCR25FR0000127 adds $120,172,261.69 in funding
- Awarding agency is the Department of Homeland Security
- Program: Intensive Supervision Appearance Program (ISAP V)
- Recipient B.I. INCORPORATED is a subsidiary of THE GEO GROUP, INC.
- Award represents ~4.3% of GEO's annualized revenue of $2.82 billion
Financial Impact
$120.2 million modification, ~4.3% of annualized revenue
Risk Factors
- Government funding subject to appropriations and continuing resolutions
- Program scope or duration could be modified by future administration policy changes
- Execution risk on ISAP V program obligations
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-70CDCR25FR0000127 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $26.94 | awaiting T+20 | — | $28.03 (+4.05%) |
Oct 8, 2026 18d ago | 8-K | $31.13 | awaiting T+20 | — | $28.03 (−9.96%) |
Oct 5, 2026 22d ago | 8-K | $32.34 | awaiting T+20 | — | $28.03 (−13.33%) |
Sep 16, 2026 5w ago | GOVT-CONTRACT | $32.14 $29.33 | ▼ −8.74% | ▼ −9.95% | $28.03 (−12.79%) |
Sep 15, 2026 6w ago | GOVT-CONTRACT | $31.43 $30.81 | ▼ −1.97% | ▼ −4.03% | $28.03 (−10.82%) |
Sep 9, 2026 6w ago | Court Ruling | $31.38 $30.96 | ▲ +1.34% | ▲ +3.46% | $28.03 (+10.68%) |
Aug 25, 2026 8w ago | Insider Cluster | $32.77 $31.96 | ▼ −2.47% | ▼ −2.62% | $28.03 (−14.46%) |
Aug 24, 2026 9w ago | Insider Cluster | $32.16 $30.62 | ▼ −4.79% | ▼ −5.76% | $28.03 (−12.84%) |
Aug 14, 2026 10w ago | Court Ruling | $31.15 $31.26 | ▲ +0.35% | ▲ +2.33% | $28.03 (−10.02%) |
Aug 6, 2026 11w ago | GOVT-CONTRACT | $30.69 $31.77 | ▲ +3.52% | ▲ +3.92% | $28.03 (−8.67%) |
US Market Status
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