Annual Financial Report 2024 2025

Virginia Tech Financial Report 2024-2025

Affiliated Corporations Financial Highlights

For the years ended June 30, 2025 - 2021 (all dollars in thousands)

2025

2024

2023

2022

2021

Assets

Virginia Tech Foundation Inc.

$

3,136,802 $

3,026,297 $

2,838,340 $

2,667,802 $

2,687,603

Virginia Tech Innovation Corporation

8,720

9,974

10,326 11,449 10,609

11,311

9,145 7,380 4,610 2,102

Virginia Tech Services Inc.

10,469 13,069

12,869 13,555

8,677 5,827 2,752

Virginia Tech Applied Research Corporation Virginia Tech Intellectual Properties Inc.

3,906

4,046

3,574

$

3,172,966 $

3,066,741 $

2,874,298 $

2,696,369 $

2,710,840

Total Assets

Revenues

Virginia Tech Foundation Inc.

$

378,199 $

407,475 $

336,472 $

248,744 $

465,260

Virginia Tech Innovation Corporation

7,665 3,428

8,404 4,853

6,156 4,374

7,020 3,938

4,731 2,533

Virginia Tech Services Inc.

Virginia Tech Applied Research Corporation Virginia Tech Intellectual Properties Inc.

20,321

21,135

20,840

18,949

13,419

4,041

4,605

3,912

3,075

2,502

$

413,654 $

446,472 $

371,754 $

281,726 $

488,445

Total Revenues

Expenses

Virginia Tech Foundation Inc.

$

273,195 $

246,857 $

220,582 $

242,232 $

155,779

Virginia Tech Innovation Corporation

8,620 2,371

8,635 2,887

7,437 2,881

6,767 3,130

5,347 2,433

Virginia Tech Services Inc.

Virginia Tech Applied Research Corporation Virginia Tech Intellectual Properties Inc.

21,957

20,033

19,421

17,930

13,262

3,927

3,953

3,437

2,888

2,138

$

310,070 $

282,365 $

253,758 $

272,947 $

178,959

Total Expenses

The organizations included above are related to the university by affiliation agreements. These agreements, approved by the Virginia Tech Board of Visitors, require an annual audit to be performed by independent auditors. These auditors have examined the financial records of the organizations presented in the table above and copies of their audit reports have been provided to the university. Values presented in this table are based solely upon these audit reports and do not include any consolidation entries to alter these amounts. Affiliated organizations that hold no financial assets and certify all financial activities or transactions through the Virginia Tech Foundation Inc. may be exempt from the independent audit requirement. Virginia Tech Athletic Fund Inc., Virginia Tech Corps of Cadets Alumni Inc., and Virginia Tech Alumni Association meet exemption requirements and are not presented separately in this table. Additionally, Virginia Tech India Research and Education Forum (VTIREF) is not presented in this table due to the immateriality of its financial figures in comparison with the organizations included.

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