Companies aiding Trump's immigration crackdown see 'extraordinary' revenues

Source: The Guardian

Sun 10 Aug 2025 08.00 EDT
Last modified on Sun 10 Aug 2025 08.01 EDT


The tech, surveillance and private prison providers arming Donald Trump’s massive expansion and weaponization of immigration enforcement are running a victory lap after reporting their latest financial results.

Palantir, the tech firm, and Geo Group and CoreCivic, the private prison and surveillance companies, said this week that they brought in more money than Wall Street expected them to, thanks to the administration’s crackdown on immigrants.

“Well, as usual, I’ve been cautioned to be a little modest about our bombastic numbers,” said Alex Karp, the Palantir chief executive, in an investor call earlier this week. Then he crowed about the company’s “extraordinary numbers” and his “enormous pride” in its success.

Private prison company executives, during their respective calls, could barely contain their excitement, flagging to investors opportunities for “unprecedented growth” in the realm of immigration detention.

Read more: https://www.theguardian.com/technology/2025/aug/10/trump-immigration-companies-profit