LOS ANGELES - The Internet Corporation for Assigned Names and Numbers (ICANN) published its Annual Report for Fiscal Year 2025 (FY25) and audited consolidated financial statements. ICANN also published the FY25 audited financial statements for its affiliate Public Technical Identifiers (PTI). ICANN's fiscal year ends on June 30, 2025, according to the official website of ICANN.

The FY25 Annual Report describes ICANN's progress toward its Bylaws obligations and Strategic Plan objectives. The ICANN Bylaws direct that the Annual Report and audited financials must be published no later than 120 days after the end of the fiscal year. ICANN is pleased to share these results ahead of the 28 October deadline.

The Annual Report also includes two required annual updates, the Transparency Report and the Annual Review Implementation Report on the state of ICANN's accountability and transparency reviews.

The ICANN and PTI Bylaws each require the annual publication of audited financial statements. The FY25 audited financial statements are each accompanied by an unmodified opinion from the independent audit firm Baker Tilly, indicating that each audit did not identify any issues.

FY25 Financial Highlights

ICANN's funding increased compared to the prior year, while ICANN's operational expenses decreased, driven by cost-saving measures implemented to ensure a sustainable run-rate of expenses. This included lower personnel and public meeting expenses, and strategic changes to third-party costs. ICANN's staffing levels remained flat during FY25, beginning with 451 full-time employees and ending with 449.

Funds Under Management, which includes all cash on hand and investments, totaled $535 million at the end of FY25, an increase of $17 million since the beginning of the fiscal year. This increase was driven by investment gains and operating excess and partially offset by New Generic Top-Level Domains Program expenses.