EEIQNasdaqServices-Educational ServicesUS GAAP · USD

EpicQuest Education Group International Ltd

EpicQuest Education Group International Ltd is a U.S.-listed education services company that operates and partners with post-secondary institutions in the United States, Canada, and the United Kingdom. Its business spans university education, English-language and foreign-language instruction, student housing, recruiting, and related student support services.

Kysy yhtiöstä
Liikevaihto8,9milj. USD
+9,6 %v/v
Liikevoitto (EBIT)−4,2milj. USD
+43,7 %v/v
EBIT-marginaali−46,8%
+44,3 %-yks.v/v
Nettotulos−2,4milj. USD
+59,4 %v/v
Vapaa kassavirta−3,2milj. USD
+66,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−10−50510milj. USD2020: 9,1 milj. USD2020: EBIT 1,3 milj. USD20202021: 5,3 milj. USD2021: EBIT −1,5 milj. USD20212022: 6,3 milj. USD2022: EBIT −7,2 milj. USD20222023: 5,7 milj. USD2023: EBIT −7,1 milj. USD20232024: 8,2 milj. USD2024: EBIT −7,4 milj. USD20242025: 8,9 milj. USD2025: EBIT −4,2 milj. USD20258,9−4,2
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: EpicQuest Education Group International Ltd

Liiketoiminta

Osuus liikevaihdosta
University education35 %

Degree-oriented higher education delivered through owned or partnered institutions.

Language education20 %

English proficiency and foreign-language programming for domestic and international students.

Student services20 %

Accommodation, dining, shuttle, and campus support services tied to enrollment.

Recruiting and advisory15 %

Student recruiting, application support, and study-abroad/post-study services.

Collaborative programs10 %

Joint academic and pathway programs with partner institutions.

Tuotteet

Raportoitu · osuus liikevaihdosta
84,5%9,2%FY2025100 %
  • Tuition and Academic Programs84,5 %
  • Collaborative Education Services9,2 %
  • Student Accommodation and Other Related Services5,1 %
  • Application and Advisory Services1,3 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company serves domestic and international students seeking university and career-oriented education in the U.S., Canada, and the UK. A large part of demand comes from international students who need language preparation, admissions support, housing, and transition services alongside academic programs. It also works with students pursuing collaborative or pathway arrangements that connect recruiting, campus services, and degree study.

International students

Buy language, recruiting, accommodation, and degree-pathway services to study abroad.

Domestic students

Enroll in university or career-training programs at owned institutions.

Pathway and collaborative-program students

Use partner-linked programs that combine recruitment, instruction, and transition support.

Students needing English proficiency training

Purchase language preparation before entering degree-level study.

Strategia

The company’s stated direction centers on internationalization: using collaborative programs, recruiting relationships, and student services to widen enrollment and academic offerings. It is also expanding into niche program areas such as kinesiology, recreation education, and sports-related entertainment projects to broaden the platform beyond traditional language and university education. These efforts matter because the business depends on building a larger, more diversified student base across multiple countries and program types.

International student enrollment growthLyhyt aikaväli

Enrollment drives tuition and related service demand across the platform.

Program and geography diversificationKeskipitkä aikaväli

Broader program mix reduces dependence on any single campus or service line.

Student services integrationKeskipitkä aikaväli

Housing, dining, shuttle, and advisory services deepen engagement and retention.

Maantiede

EpicQuest’s business spans the United States, Canada, and the United Kingdom, with owned and partnered institutions in each market. The company also maintains student-support facilities in Ohio tied to recruiting relationships, which makes campus location and cross-border student flows important to enrollment. Its exposure to international students means demand can vary by visa access, travel trends, and the attractiveness of each destination market.

Riskit

The company is exposed to enrollment volatility, visa and travel disruption, and dependence on international students, which can quickly affect tuition and related service demand. It also carries meaningful going-concern and financing risk, as well as execution risk around new programs, partner institutions, and regulated cross-border education operations. Accounting judgment is important because deferred revenue, leases, goodwill, and related-party balances can materially affect reported results and balance-sheet presentation.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Liquidity and going-concern pressure1International student enrollment volatility2Cross-border regulatory and visa risk3Program execution risk4Impairment risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Liquidity and going-concern pressureVaikutus: KriittinenTodennäköisyys: Korkea

    The company discloses substantial doubt and reliance on financing or cash generation.

    KohdistuuOperationsCapexWorking capital
  2. International student enrollment volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    The model depends heavily on students crossing borders to enroll in programs and services.

    KohdistuuTuitionHousingRecruiting revenue
  3. Cross-border regulatory and visa riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    International education depends on immigration rules, work permits, and study visas.

    KohdistuuStudent recruitment in the U.SCanadaThe UK
  4. Program execution riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    New offerings require curriculum, staffing, and partner demand to succeed.

    KohdistuuKinesiologyRecreationCollaborative programs
  5. Impairment riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Goodwill is subject to annual impairment testing and can be written down if performance weakens.

    Kohdistuu: Reporting units with goodwill

Kysy Clarifolta: EpicQuest Education Group International Ltd

Kirjanpito

Harkinnanvaraiset erät
Deferred revenue

Student tuition and services may be billed before delivery, shifting revenue recognition timing.

Vaikutus: Quarterly revenue comparability

Lease accounting

Campus and residential facilities create right-of-use assets and lease liabilities.

Vaikutus: Balance-sheet leverage and expense timing

Goodwill impairment

Goodwill is tested annually and can be written down if reporting units underperform.

Vaikutus: Potential non-cash charge to earnings

Related-party liabilities

Balances due to related parties may affect financing presentation and liquidity analysis.

Vaikutus: Cash-flow and solvency assessment

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Päivitetty: 28.9.2026