Annual Financial Report 2024 2025

Virginia Tech Financial Report 2024-2025 Contents

2025 Snapshot

............. 1

University Highlights

............ 2

Financial Highlights

............ 3

Message from the VP for Finance and CFO

............ 4

Statement of Management’s Responsibility

............ 6

Report from the Independent Auditor

.............7

Management’s Discussion

........... 11

Financial Statements

Statement of Net Position ..........20 Statement of Revenues, Expenses, and Changes in Net Position ...........21 Statement of Cash Flows .......... 22 Notes to Financial Statements .......... 25 Required Supplementary Information ..........64 Optional Supplementary Information .......... 70 Administrative Officers ...........77

Cover Photo by Luke Hayes/Virginia Tech

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