Annual Financial Report 2024 2025

Virginia Tech Financial Report 2024-2025 Financial Highlights

For the years ended June 30, 2020-2024 (all dollars are in millions; square feet in thousands)

2021-22 (restated)

2022-23 (restated)

2023-24 (restated)

2020-21

2024-25

Revenues, expenses, and changes in net position Operating revenues

$ 1,162.3 $ 1,311.6 $ 1,443.3 $ 1,537.9 $ 1,639.9

Operating expenses Operating loss (1)

1,509.5

1,637.2

1,810.4

1,953.9

2,144.6

(347.2)

(325.6)

(367.1)

(416.0)

(504.7)

Non-operating revenues and expenses (1) Other revenues, expenses, gains or losses

517.8 130.3

436.1 199.7

545.4 212.9

611.6 221.4

689.4 305.4 490.1

Net increase in net position

$

300.9 $

310.2 $

391.2 $

417.0 $

University net position Net investment in capital assets

$ 1,521.3 $ 1,705.6 $ 1,994.3 $ 2,112.0 $ 2,210.7

Restricted Unrestricted

$ $

251.7 $ 42.1 $

259.1 $ 160.6 $

322.6 $ 288.1 $

443.8 $ 416.2 $

659.4 587.8

Assets and facilities

Total university assets

$ 3,291.9 $ 3,578.1 $ 4,217.0 $ 4,512.7 $ 4,925.6 $ 2,112.5 $ 2,292.4 $ 2,685.1 $ 2,887.9 $ 2,936.6

Capital assets, net of accumulated depreciation

Facilities—owned gross square feet Facilities—leased square feet

12,273 2,134

12,373 2,146

12,530 2,407

12,643 2,425

13,004 2,375

Sponsored programs Number of awards received Value of awards received

2,328

2,097

2,311

2,126

2,097

$ $

349.3 $ 542.0 $

390.3 $ 592.0 $

458.1 $ 598.1 $

548.1 $

466.0

Research expenditures reported to NSF (2) Virginia Tech Foundation Inc. (VTF) Gifts and bequests received Expended in support of the university

656.9

N/A

$ $

177.0 $ 155.8 $

203.3 $ 242.2 $

136.1 $ 220.6 $

178.3 $ 246.9 $

150.9 273.2

Total assets and managed funds

$ 2,687.6 $ 2,667.8 $ 2,838.3 $ 3,026.3 $ 3,137.0

Endowments (at market value) Owned by VTF

$ 1,184.7 $ 1,167.3 $ 1,314.0 $ 1,333.9 $ 1,439.8

Owned by Virginia Tech (held with VTF) Managed by VTF under agency agreements Total endowments supporting the university

495.6 10.1

507.9

575.9 10.0

605.8 10.5

636.5 11.0

9.6

$ 1,690.4 $ 1,684.8 $ 1,899.9 $ 1,950.2 $ 2,087.3

Student financial aid Number of students receiving selected types of financial aid Loans

13,140 20,606 9,747

12,894 20,179 11,693

13,195 23,478 12,390

13,070 22,690 12,789

12,293 23,194 13,362

Grants, scholarships and waivers Employment opportunities Total amounts by major category Loans Grants, scholarships and waivers Employment opportunities

$

202.4 $

206.5 $

226.5 $

246.7 $

239.5 352.7 146.6 738.8

251.0

265.9 101.6

289.0 122.9

329.9 138.3

94.4

Total financial aid

$

547.8 $

574.0 $

638.4 $

714.9 $

(1) The university will always be expected to show an operating loss since significant recurring revenues are shown as non-operating. Major revenue sources reported as non-operating include state appropriations, gifts, and investment income. These revenue sources are used for general operations in support of the learning, discov ery, and engagement missions of the university . (2) Total research expenditures reported to the National Science Foundation for the current year were not available at publication date.

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