TOTAL REV $8.48M
TOTAL EXP $18.24M
NET $-9.76M

Investment Profile · FY 2019

Georgia Southern University

Statesboro, Georgia · NCAA Division I-FBS · Public, 4-year or above · Enrollment 18,994

ZIP 30460 · IPEDS unitid 139931

Revenue Percentile (Division)
2th

Key Financial Metrics · 2019

Total Revenue
$8.48M

Total Expenses
$18.24M

Net Result
$-9.76M

Unique Athletes
185

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 93.8%Women’s programs 6.2%

$7.96M
$521.7K

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 3,204 (20.3%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$6.74M

Basketball

$1.04M

Baseball

$198.6K

Soccer

$107.3K

Golf

$90.7K

Softball

$72.6K

Volleyball

$67.6K

Tennis

$51.8K

All Track Combined

$51.6K

Swimming and Diving

$40.7K

Expense by sport

Football

$8.97M

Basketball

$2.88M

Baseball

$932.1K

Soccer

$1.35M

Golf

$727.9K

Softball

$650.3K

Volleyball

$814K

Tennis

$705.6K

All Track Combined

$539.3K

Swimming and Diving

$460.5K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 125 0 $6.74M $8.97M $-2.23M
Basketball 2 17 15 $1.04M $2.88M $-1.84M
Baseball 1 35 0 $198.6K $932.1K $-733.6K
Soccer 15 31 31 $107.3K $1.35M $-1.24M
Golf 8 10 8 $90.7K $727.9K $-637.2K
Softball 16 0 22 $72.6K $650.3K $-577.7K
Volleyball 26 0 18 $67.6K $814K $-746.4K
Tennis 22 11 9 $51.8K $705.6K $-653.8K
All Track Combined 3 0 60 $51.6K $539.3K $-487.7K
Swimming and Diving 18 0 21 $40.7K $460.5K $-419.8K
Rifle 12 0 5 $15.9K $214.9K $-198.9K

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$45.8K

Athletes Tracked
185

Top Sport Share
Football · 79.5%

Program Count
11

Unique men
125

Unique women
60

Per-sport slots
418

Multi-sport coeff
2.26x

Coed men

Coed women

The program has 185 unique athletes filling 418 sport roster slots — a 2.26x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FBS
Sector
Public, 4-year or above
Total Enrollment
18,994
Revenue Tier
Lower-tier (2th pct.)
Peers in Division
127 schools
Peers in Georgia
53 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Kent State University at Kent OH $5.63M $-13.02M $-2.85M
University of Louisiana at Monroe LA $12.67M $0 $4.2M
University of Idaho ID $13.69M $0 $5.21M
Arkansas State University-Main Campus AR $15.35M $0 $6.87M
University of Southern Mississippi MS $16.21M $0 $7.73M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 115.1% Expense shortfall as % of revenue
Revenue / Enrollment $446 Athletic revenue per enrolled student
Expense Ratio 215.1% Expenses as % of revenue
Top Sport Share 79.5% Revenue concentration in top program
Division Percentile 2th Revenue rank within NCAA Division I-FBS

Source: U.S. Department of Education — Equity in Athletics Data Analysis (EADA). Fiscal year 2019. Last updated April 18, 2026.