Company research
EpicQuest Education Group International Ltd
CIK 1781397Updated Sep 24, 2026
SecurityEEIQ · NASDAQ · equity
Name history
Elite Education Group International Ltd · through Aug 29, 2022
EEIQ price & chart
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NASDAQ:EEIQ on TradingView ↗In the news
EpicQuest Education Announces New Revenue Stream via Davis University’s High School Acceleration and Pathway Programs ↗
EpicQuest Education Announces Closing of $3.7 Million Offering News provided by EpicQuest Education Group International Limited Aug 26, 2025, 16:15 ET Share this article Share to X Share this article Share to X TOLEDO, Ohio , Aug. 26, 2025 /PRNewswire/ -- EpicQuest Education Group International Limi ↗
EpicQuest Education Announces Pricing of $3.7 Million Offering News provided by EpicQuest Education Group International Limited Aug 25, 2025, 09:15 ET Share this article Share to X Share this article Share to X TOLEDO, Ohio , Aug. 25, 2025 /PRNewswire/ -- EpicQuest Education Group International Limi ↗
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 25,776,006Source | 23,291,327Source | 19,209,136Source | 24,002,726Source |
| Property, Plant and Equipment, NetUSD | 433,677Source | 1,597,823Source | 2,041,242Source | 2,205,084Source |
| GoodwillUSD | 2,652,772Source | 2,652,772Source | 2,652,766Source | 854,887Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 4,243,423Source | 4,464,226Source | 4,686,228Source | 398,794Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 4,754,522Source | 1,150,042Source | 4,966,839Source | 11,443,059Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | 85,279Source | 36,503Source | 47,639Source |
| Inventory, NetUSD | 46,381Source | 48,470Source | 41,185Source | — |
| Assets, CurrentUSD | 16,304,380Source | 4,291,475Source | 8,711,346Source | 14,069,210Source |
| Prepaid Expense and Other Assets, CurrentUSD | 7,500,023Source | — | — | 946,299Source |
| Operating Lease, Right-of-Use AssetUSD | 2,141,754Source | 2,785,008Source | 1,117,554Source | 976,404Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 11,356,309Source | 12,413,406Source | 8,275,426Source | 6,723,782Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 37,137Source | 20,814Source | 19,045Source | 18,017Source |
| Additional Paid in CapitalUSD | 26,207,879Source | — | — | 17,526,546Source |
| Retained Earnings (Accumulated Deficit)USD | -17,387,799Source | -14,958,678Source | -9,071,818Source | -2,416,788Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -49,545Source | -35,803Source | -36,284Source | -28,939Source |
| Stockholders' Equity Attributable to ParentUSD | 8,807,672Source | 5,168,404Source | 9,143,206Source | 15,098,836Source |
| Additional Paid in Capital, Common StockUSD | — | 20,142,071Source | 18,232,263Source | — |
| Liabilities and EquityUSD | 25,776,006Source | 23,291,327Source | 19,209,136Source | 24,002,726Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 8,891,303Source | 9,761,169Source | 6,879,815Source | 6,054,211Source |
| Operating Lease, Liability, CurrentUSD | 752,429Source | 641,254Source | 559,375Source | 461,161Source |
| Accounts Payable, CurrentUSD | 1,102,241Source | 1,206,940Source | 210,100Source | 2,120,660Source |
| Operating Lease, Liability, NoncurrentUSD | 1,582,108Source | 2,181,769Source | 571,131Source | — |
| Deferred Income Tax Liabilities, NetUSD | 472,942Source | 470,468Source | 824,480Source | 107,674Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 5,612,025Source | 5,709,517Source | 1,790,504Source | 2,180,108Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | — | — | 4,057,517Source | 3,286,350Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -2,526,613Source | -6,571,184Source | -7,173,125Source | -6,236,116Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 409,899Source | 425,783Source | 407,013Source | 252,097Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 972,879Source | 1,977,187Source | 2,165,073Source | 4,813,049Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | -217,407Source | -118,608Source |
| Increase (Decrease) in InventoriesUSD | -2,089Source | 7,285Source | 21,170Source | — |
| Deferred Income Tax Expense (Benefit)USD | 2,474Source | -354,012Source | 277,874Source | -99,814Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -2,946,315Source | -9,481,722Source | -5,252,527Source | -4,613,697Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | -574,108Source | 1,945,931Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 1,455,286Source | 716,772Source | -877,635Source | -651,480Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 292,842Source | 40,343Source | 14,231Source | 51,410Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 5,109,251Source | 4,947,683Source | — | 200,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 3,604,480Source | -3,816,797Source | -6,137,508Source | -5,094,115Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 5,093,234Source | 1,488,754Source | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 1,130Source | 10,787Source | 10,575Source | 14,166Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -13,742Source | 470Source | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 972,879Source | 1,977,186Source | — | 3,455,680Source |
| Amortization of Intangible AssetsUSD | 220,803Source | — | — | — |
| DepreciationUSD | 189,096Source | 203,780Source | 214,820Source | 220,767Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | 5Source | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | — | 813,064Source |
| Gain (Loss) on Disposition of Other AssetsUSD | 480,235Source | 477,115Source | — | — |
| General and Administrative ExpenseUSD | 8,739,049Source | 11,201,445Source | 10,314,223Source | 10,521,551Source |
| GoodwillUSD | 2,652,772Source | 2,652,772Source | 2,652,766Source | 854,887Source |
| Goodwill, Impairment LossUSD | — | — | 14,038Source | — |
| Income Tax Expense (Benefit)USD | 3,384Source | -335,826Source | 289,464Source | -83,355Source |
| Investment Income, InterestUSD | 37,337Source | 22,731Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -2,429,121Source | -5,990,123Source | -6,762,704Source | -6,071,229Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -97,492Source | -581,061Source | -410,421Source | 164,887Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -2,429,121Source | -5,990,123Source | — | — |
| Nonoperating Income (Expense)USD | 1,656,710Source | 518,007Source | — | — |
| Operating Costs and ExpensesUSD | 10,105,809Source | 12,738,451Source | 11,333,117Source | 11,474,439Source |
| Other Depreciation and AmortizationUSD | — | 222,003Source | 192,193Source | — |
| Payments to Acquire InvestmentsUSD | — | — | — | 258,290Source |
| Proceeds from Issuance of Common StockUSD | 5,109,251Source | 800,000Source | — | 200,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 4,027,337Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 8,939,989Source | 8,153,546Source | 5,712,480Source | 6,330,428Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 8,723,031Source | 10,335,481Source | 8,761,031Source | — |
| Operating Income (Loss)USD | -4,179,939Source | -7,425,017Source | -7,122,892Source | -7,165,069Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -2,523,229Source | -6,907,010Source | -6,883,661Source | -6,319,471Source |
| Income Tax Expense (Benefit)USD | 3,384Source | -335,826Source | 289,464Source | -83,355Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -97,492Source | -581,061Source | -410,421Source | 164,887Source |
| Net Income (Loss) Attributable to ParentUSD | -2,429,121Source | -5,990,123Source | -6,762,704Source | -6,071,229Source |
| Earnings Per Share, BasicUSD per share | -0.16Source | -0.47Source | -0.58Source | -0.55Source |
| Earnings Per Share, DilutedUSD per share | -0.16Source | -0.47Source | -0.58Source | -0.55Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 15,486,467Source | 12,637,968Source | 11,655,642Source | 11,010,240Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 15,486,467Source | 12,637,968Source | 11,655,642Source | 11,010,240Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 220,803Source | — | — | — |
| Current Income Tax Expense (Benefit)USD | 910Source | 18,186Source | 11,590Source | 16,459Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 409,899Source | 425,763Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | 5Source | — |
| General and Administrative ExpenseUSD | 8,739,049Source | 11,201,445Source | 10,314,223Source | 10,521,551Source |
| Goodwill, Impairment LossUSD | — | — | 14,038Source | — |
| Gross ProfitUSD | 5,925,870Source | 5,313,434Source | 4,210,225Source | 4,309,370Source |
| Income (Loss) Attributable to Parent, before TaxUSD | 2,523,229Source | 6,907,010Source | 6,883,661Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -1,740,284Source | — | — | — |
| Interest Income (Expense), NetUSD | — | — | 239,231Source | 845,598Source |
| Interest Income, OtherUSD | 37,337Source | 22,731Source | 53,089Source | 26,463Source |
| Investment Income, InterestUSD | 37,337Source | 22,731Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -2,429,121Source | -5,990,123Source | — | — |
| Nonoperating Income (Expense)USD | 1,656,710Source | 518,007Source | — | — |
| Operating Costs and ExpensesUSD | 10,105,809Source | 12,738,451Source | 11,333,117Source | 11,474,439Source |
| Other IncomeUSD | 1,619,373Source | 495,276Source | 186,137Source | 819,135Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 4,027,337Source | — | — |
| Selling ExpenseUSD | 1,366,760Source | 1,537,006Source | 1,018,894Source | 952,888Source |