Columbia University’s FY25 operating income plunges 63% as federal research cuts hit funding

Columbia University’s operating income fell 63% in FY25, reaching $112.6 million, as expenses rose 5.3% while revenues grew just 2.1%. Flat federal grant funding, including $400 million in terminations by the Trump administration, contributed to financial strain. The university laid off nearly 180 staff tied to federally funded projects and used its Research Stabilization Fund to support ongoing work. Despite the decline, net assets rose to $20.5 billion, and donor-restricted funds grew to $10.9 billion.

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