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.

Palantir saw 53% growth in revenue from US government contracts in the second quarter of 2025 compared with the same period the year prior and surpassed $1bn in total quarterly revenue for the first time. Analysts had expected the company to bring in $939.4m in revenue.

The company, which connects and analyzes disparate sets of data to enable its customers to build products with that information, brings in the majority of its revenue from government contracts. Its biggest US customer is the Department of Defense, where the US army, which announced a $10bn agreement with Palantir last week, is housed. On the immigration side, the Department of Homeland Security (DHS) has deepened its partnership with Palantir since the start of the Trump administration, which it’s been working with since 2011. Immigration and Customs Enforcement (Ice), the agency primarily engaged in arresting, detaining and deporting immigrants, most recently announced a $30m contract with Palantir to build a database that makes its deportation and detention machine more efficient.

While Palantir is making it easier to deport immigrants, private prison corporations GeoGroup and CoreCivic are bringing in more money than expected helping detain them. GeoGroup reported $636.2m in revenue this quarter, beating analyst predictions of $623.4m, while CoreCivic announced $538.2m in the second quarter of this year, a 9.8% increase from last year’s second quarter. George Zoley, the GeoGroup company chief executive, said its detention facilities are fuller than they’ve ever been, with Ice using 20,000 beds across 21 GeoGroup detention centers, about one-third of the estimated 57,000 beds in Ice detention centers across the country. GeoGroup executives also said in the call they have begun exploring detention centers at US military sites, one of the many “unprecedented growth opportunities” Zoley spoke of during the call.

While there has been a big boost to GeoGroup’s detention business, its surveillance subsidiary is not yet seeing the massive growth company executives predicted earlier this year.

Executives said they expected the Intensive Supervision Appearance Program (ISAP) – an immigrant monitoring initiative run by the company’s subsidiary BI Inc for 20 years – would expand beyond its previous peak of 370,000 immigrants being monitored. The number of immigrants who are currently being surveilled by Ice has hovered around 183,000 for the past few months.

The One Big Beautiful Bill Act legislation was passed by Congress and signed by Trump last month, providing DHS a massive influx of cash. Ice was given $45bn to expand its detention network.

Setareh added that private prison companies’ profits come from “the destruction of human lives as directed by the Trump administration and made possible by the majority Congress”.