Revenues are up, and expenses are down, but the Academy of Motion Picture Arts & Sciences has more work to do.

The film academy, the non-profit best known for the Academy Awards , is on sound financial footing, its fiscal 2025 financial statements show, though CEO Bill Kramer tells The Hollywood Reporter that the organization is still in the midst of a transformation that will help it diversify its balance sheet beyond the annual Oscars broadcast.

“It is vital that we continue to assess our budgets and build internal systems and teams that allow us to respond to the needs of our organization, our membership and our film community,” Kramer says. “As the film industry and the non-profit arts sector both experience monumental changes to their business models, it is so important that w

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