To determine the functional network organization of the brain in infants born very pretermat term-equivalent age and to relate network alterations to known clinical risk factors for poor neurologic outcomes in prematurity. Resting-state functional magnetic resonance imaging data from 66 infants born very preterm (gestational age <32weeks and birth weight <1500g) and 66 healthy neonates born at full term, acquired as part of a prospective, cross-sectional study, were compared at term age using graph theory. Features of resting-state networks, including integration, segregation, and modularity, were derived from correlated hemodynamic activity arising from 93 cortical and subcortical regions of interest and compared between groups. Despite preserved small-world topology and modular organization, resting-state networks of infants born very preterm at term-equivalent age were less segregated and less integrated than those of infants born full term. Chronic respiratory illness (ie, bronchopulmonary dysplasia and the length of oxygen support) was associated with decreased global efficiency and increased path lengths (P<.05). In both cohorts, 4 functional modules with similar composition were observed (parietal/temporal, frontal, subcortical/limbic, and occipital). The density of connections in 3 of the 4 modules was decreased in the very preterm network (P<.01); however, in the occipital/visual cortex module, connectivity was increased in infants born very preterm relative to control infants (P<.0001). Early exposure to the ex utero environment is associated with altered resting-state network functional organization in infants born very preterm at term-equivalent age, likely reflecting disrupted brain maturational processes.