Financial Snapshot

Financial Snapshot

The report below summarizes New York Tech’s financial performance for the fiscal year ended June 30, 2025 (FY25), with comparatives for the prior year.

FY25 showed positive performance with total net asset growth of $22 million including a $13 million net operating margin. In addition, New York Tech concluded its third year of a $280 million capital and information technology redevelopment plan. During FY25, major projects were completed that added new and updated research and academic spaces at the New York campuses and new financial and human resources systems for the entire university. Other capital improvements made across the campuses included critical infrastructure upgrades, enhanced student gathering spaces, and security enhancements. These capital improvements would not have been possible without the successful application of $100 million in bonds borrowed by New York Tech in FY24 through the assistance of the Dormitory Authority of the State of New York. Together, management and the Board of Trustees provide attentive stewardship to New York Tech’s financial health, ensuring funding for future operating and capital needs and achievement of new mission-driven goals. New York Tech’s consistent, solid financial performance and profile is demonstrated by its investment-grade bond ratings of Baa2 (Moody’s) and BBB (S&P).

Dollars in thousands

Balance Sheet Summary


ASSETS
FY 2025
FY 2024
Cash
41,368
42,208
Investments
157,308
153,861
Receivables & Other Assets
34,499
34,162
Bond Proceeds for Future Capital Projects
48,009
96,496
Operating Right-of-Use Assets
120,924
128,479
Plant & Equipment
186,311
131,505
Total Assets
$588,419
$586,711
LIABILITIES
FY 2025
FY 2024
Accounts Payable & Accrued Expenses
24,119
37,945
Tuition Deposits
27,271
24,256
Other Liabilities
11,885
12,925
Operating Lease Obligations
136,342
143,793
Long-term Debt
107,806
108,673
Total Liabilities
$307,423
$327,592
NET ASSETS
FY 2025
FY 2024
Unrestricted Net Assets
263,282
243,421
Restricted Net Assets
17,714
15,698
Total Net Assets
$280,996
$259,119
Total Liabilities & Net Assets
$588,419
$586,711

Income Statement Summary


OPERATING REVENUES
FY 2025
FY 2024
Net Tuition & Fees
249,311
253,831
Grants & Contracts
5,328
7,679
Contributions
4,205
2,375
Endowment Income
3,699
4,111
Auxiliary Income
16,829
15,241
All Other Income
16,459
15,511
Total Revenues
$295,831
$298,748
OPERATING EXPENSES
FY 2025
FY 2024
Instruction
129,237
125,813
Academic Support
26,218
24,844
Student Services
23,771
24,550
Research, Training, & Public Service
17,122
16,639
Auxiliary Enterprises
17,462
16,397
Institutional Support
69,462
70,057
Total Expenses
283,272
$278,300
NET OPERATING INCOME
$12,559
$20,448
NONOPERATING
Nonoperating Change in Net Assets
9,318
3,874
Total Change in Net Assets
$21,877
$24,322
NET ASSETS
Beginning of Year
$259,119
$234,797
End of Year
$280,996
$259,119

Operating Revenues


Operating Expenses


2025 Key Takeaways


$588.4M

Total Assets

$281M

Net Assets

$249.3M

Tuition and fees, net of scholarships and financial aid

$9.5M

Contributions, government grants, contracts, and state aid provided

$12.6M

Net Operating Income

$283.3M

Operating Expenses

$213.8M

Directed toward instruction, student services, and other programmatic activities

$126M

Endowment

$157.3M

Total Investments


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New York Institute of Technology Annual Report © 2026 All Rights Reserved

New York Institute of Technology Annual Report © 2026 All Rights Reserved