Florida State athletics reported increases in revenue and total operating expenses for the financial year 2025.

Adjusted EBITDA is defined as earnings before net interest expense, income taxes, depreciation, amortization and accretion expense, non-cash unit-based compensation expense, gains and losses on ...

* Revenues include non-operating revenues that support operating expenses. ** Excludes depreciation and non-operating expenses. *** Includes activities and areas that do not receive any state support.