GEO GROUP INC

Item 1A of Part I of our Annual Report on Form 10-K for the year ended December 31, 2024 (the “2024 Form 10-K”) includes a detailed discussion of the risk factors that could materially affect our business, financial condition or future prospects. Set forth below is a modification to our existing risk factors that supplements the existing risk factors previously disclosed in the 2024 Form 10-K. We encourage you to read these risk factors in their entirety.

We depend on a limited number of third parties to manufacture and supply quality infrastructure components for our electronic monitoring products. If our suppliers cannot provide the components or services we require and with such quality and at such cost as we expect, our ability to market and sell our electronic monitoring products and services could be harmed.

If our suppliers fail to supply components in a timely manner that meets our quantity, quality, cost requirements, or technical specifications, we may not be able to access alternative sources of these components within a reasonable period of time or at commercially reasonable rates. Recently we have been affected by the current microchip shortage which has caused us to pivot to other technology solutions. A reduction or interruption in the supply of components, or a significant increase in the price of components which could be affected by new tariffs announced by the U.S. government, specifically, the amount, scope and nature of the tariffs, the duration of such tariffs and the timing of their implementation, and the related responses from other countries, suppliers and/or customers, could have a material adverse effect on our marketing and sales initiatives, which could adversely affect our financial condition and results of operations.