This report highlights Fiscal Stress Monitoring System (FSMS) results for school districts that reported financial data for school fiscal year (SY) 2024-25, which ended on June 30, 2025. Of the 669 districts scored, 4.6 percent (31 districts) received a fiscal stress designation. This was nine districts more than in SY 2023-24. The report also analyzes the several indicator categories (e.g., low fund balance, operating deficit, etc.) that measure fiscal stress, the number of districts that have been in chronic stress since FSMS began in SY 2012-13, and the environmental indicators (e.g., high teacher turnover, high poverty, etc.) that can provide context for understanding why a district may be designated in stress.