The Arkansas Department of Education (ADE) is required, by Arkansas Code § 6-18-2510, to provide an annual report on the Education Freedom Accounts (EFA) program to the Arkansas Legislative Council and the House and Senate Education Committees. This report was prepared to fulfill this requirement, covering the period from July 1, 2024, through June 30, 2025, and representing the second year of program implementation. As stipulated in Arkansas Code § 6-18-2510, this report includes the following: (1) the total number of students currently participating in the program; (2) a list of all participating schools and participating service providers; (3) the total student enrollment of each participating school and the percentage of the total enrollment of each school represented by participating students; (4) the percentage of funds used for each type of qualifying expense; (5) a preliminary analysis of the program's fiscal impact; (6) aggregated test result data for participating students for the 2024-25 academic year; (7) the retention rates for participating students enrolled in participating schools; and (8) the results of a parent satisfaction survey administered by the Department. The EFA program empowers families to make the best educational choices for their children by providing financial resources for eligible students to attend an approved private school or homeschool. The 2024-25 school year marked a strong second year for the program, with substantial growth in participation, expanded eligible uses (including homeschool supports), and encouraging indicators on family satisfaction, retention, and student performance. The program remained fiscally modest relative to the state's K-12 budget while continuing to build operational capacity and provider choice statewide.