CoreCivic, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 5, 2026, reporting third-quarter and year-to-date financial results marked by a large gain on the sale of real estate assets.

Key Highlights

  • Revenue: Third-quarter revenue was $744,094 thousand, compared with $580,437 thousand in the same period of 2025, according to the filing.
  • Net income: Net income for the three months ended September 30, 2026 was $1,344,138 thousand, versus $26,309 thousand in the prior-year quarter.
  • Real estate gain: The company reported a "Gain on sale of real estate assets, net" of $1,770,664 thousand in both the three- and nine-month periods ended September 30, 2026.
  • Earnings per share: Basic earnings per share for the quarter were $14.62 and diluted earnings per share were $14.49, compared with $0.25 and $0.24, respectively, in Q3 2025.
  • Share count: As of October 30, 2026, 86,498,076 shares of common stock were outstanding, down from 100,051 thousand shares at December 31, 2025.
  • Stock repurchases: The filing reported $561,125 thousand in purchases and retirement of common stock during the nine months ended September 30, 2026.
  • Cash position: Cash and cash equivalents stood at $547,229 thousand at September 30, 2026, up from $97,929 thousand at December 31, 2025.

CoreCivic's Third-Quarter 2026 Financial Position and Real Estate Transaction Impact

According to the filing, CoreCivic, Inc. (NYSE:CXW), a Maryland corporation headquartered in Brentwood, Tennessee, reported total revenue of $744,094 thousand for the three months ended September 30, 2026, an increase from $580,437 thousand in the comparable prior-year period. For the nine months ended September 30, 2026, total revenue was $2,043,740 thousand, compared with $1,607,229 thousand for the same period in 2025.

The most significant driver of reported income in the quarter was a net gain on the sale of real estate assets of $1,770,664 thousand, which the filing records in the same amount for both the three- and nine-month periods, indicating the transaction closed in the third quarter. The company also reported "Contingent consideration for acquisition of businesses" of $22,134 thousand and income tax expense of $505,298 thousand for Q3 2026 alone. Income before income taxes for the quarter reached $1,849,436 thousand. For the nine months ended September 30, 2026, net cash used in operating activities was ($266,625) thousand, while net cash provided by investing activities was $1,882,144 thousand, the latter reflecting net proceeds from asset sales of $2,113,392 thousand.

The consolidated balance sheet shows total assets of $3,681,191 thousand at September 30, 2026, against $3,256,743 thousand at December 31, 2025. Long-term debt, net, declined to $616,394 thousand from $1,205,037 thousand at year-end 2025. Total stockholders' equity rose to $2,278,110 thousand from $1,405,249 thousand, with retained earnings shifting from a deficit of ($123,476) thousand at December 31, 2025 to a positive $1,295,716 thousand at September 30, 2026. Goodwill increased to $65,916 thousand from $8,551 thousand, reflecting acquisition activity during the period. The company paid $518,743 thousand in income taxes and $52,303 thousand in net interest during the nine months ended September 30, 2026, according to supplemental cash flow disclosures.

What Was Disclosed

CoreCivic filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing revenue, earnings, a $1,770,664 thousand real estate gain, significant debt reduction, $561,125 thousand in common stock repurchases, and an increase in cash and stockholders' equity relative to year-end 2025.