CoreCivic (formerly Corrections Corporation of America / CCA) is the second-largest private prison and immigration detention company in the United States. Founded in Nashville, Tennessee in 1983, it was the first company to design, build, finance, and manage prisons for government agencies.

Financial Performance (2025)

• Revenue: $2.2 billion (up 13% from $1.96B in 2024)
• Q4 2025 revenue: $604 million (up 26% year-over-year)
• Net income: $116.5 million (up ~70% from 2024)
• 2026 guidance: Net income of $147.5-157.5 million
• New ICE contracts: ~$325 million in annualized revenue from new facility activations

Key ICE Facility Contracts (2025-2026)

• California City Immigration Processing Center – 2,560 beds, ~$130M annual revenue. Began receiving detainees August 27, 2025.
• Midwest Regional Reception Center (Leavenworth, Kansas) – New 24-month contract commenced September 7, 2025, ~$60M annual revenue.
• Diamondback Correctional Facility (Oklahoma) – ~$100M annual revenue. Detainees expected to arrive Q1 2026.
• Total of 6,353 new beds across four reactivated facilities (all previously idle)
• CoreCivic has informed ICE it can provide nearly 13,000 additional beds

Leadership Transition

• Patrick D. Swindle became President and CEO effective January 1, 2026
• Damon T. Hininger – Previous CEO (served since 2009), stepped down end of 2025

ACLU FOIA Documents

ACLU FOIA litigation revealed CoreCivic submitted proposals to ICE Requests for Information for expanded detention capacity in multiple states:

• Colorado: Huerfano County Correctional Center (Walsenburg), 752-bed CoreCivic-owned facility, closed since 2010
• Multiple other states including California, Kansas, Nevada, New Mexico, Texas, Washington

Political Activity

• 6 of 10 CoreCivic lobbyists in 2024 previously held government positions
• Lobbied alongside GEO Group to force banks to provide financing to private prison companies
• Significant congressional donations

55% ICE Contract Increase

Private prison operator CoreCivic saw a 55% increase in immigration detainee contracts in 2025, reflecting the Trump administration’s aggressive detention expansion policy.

Sources

• Time: ICE’s Largest Prison Contractors Post Record Revenue
• CoreCivic IR: California City contract announcement
• CoreCivic IR: Diamondback contract
• Times of San Diego: CoreCivic $300M ICE contracts
• Tennessee Lookout: 55% increase in immigration contracts
• The Appeal: Private Prison Investors Want ICE to Escalate
• CoreCivic Q4/Full Year 2025 financials