Grand Canyon University
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$2,090,273,231
Property, Plant, & Equipment (net)
68%
Cash & Equivalents
23%
Other Assets
7%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
<1%
Inventories
<1%
Investments
0%
Liabilities in 2025 (Year End)
$1,543,098,562
Other Liabilities
72%
Deferred Revenue
15%
Notes Payable / Debt (Non-Related)
9%
Payables & Accruals
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$436,663,370
$483,801,468
+11%
Receivables (Non-Related)
$30,648,482
$34,507,732
+13%
Related-Party Receivables
$1,083,522
$2,373,045
+119%
Inventories
$1,443,783
$1,938,064
+34%
Prepaid Expenses
$4,535,764
$5,357,389
+18%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,435,657,860
$1,426,297,399
-1%
Other Assets
$137,680,859
$135,998,134
-1%
Total Assets
$2,047,713,640
$2,090,273,231
+2%
Liabilities
2024
2025
Change
Payables & Accruals
$58,837,129
$65,699,179
+12%
Grants Payable
-
-
-
Deferred Revenue
$197,127,606
$225,582,086
+14%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$66,032,970
$142,695,347
+116%
Related-Party Payables
$0
$0
-
Other Liabilities
$1,214,313,822
$1,109,121,950
-9%
Total Liabilities
$1,536,311,527
$1,543,098,562
+0%
Net assets
2024
2025
Change
Restricted Net Assets
$8,198,674
$8,198,674
+0%
Unrestricted Net Assets
$503,203,439
$538,975,995
+7%
Net assets
2024
2025
Change
Net assets
+$511,402,113
+$547,174,669
+7%
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