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EEIQ

Elite Education Group International Limited

EEIQ

Elite Education Group International Limited • NASDAQ
$0.32 ▲ 5.61% (+0.02)
Market Cap $4.23 M
52w High $1.74
52w Low $0.23
Dividend Yield 0%
P/E -1.41
Volume 16.34K
Outstanding Shares 13.07M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $5.367M ▲ $5.352M ▼ $-231.942K ▲ -4.321% ▲ $-0.018 ▲ $-1.761M ▲
Q4-2024 $3.991M ▼ $6.16M ▼ $-2.783M ▲ -69.727% ▲ $-0.21 ▲ $-3.083M ▲
Q2-2024 $4.163M ▲ $6.32M ▲ $-3.207M ▲ -77.051% ▲ $-0.26 ▲ $-3.403M ▲
Q4-2023 $2.292M ▼ $5.304M ▼ $-4.065M ▼ -177.386% ▼ $-0.34 ▼ $-7.189M ▼
Q2-2023 $3.421M $5.677M $-2.697M -78.855% $-0.24 $-3.004M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $334.341K ▼ $20.038M ▼ $8.905M ▼ $5.348M ▲
Q4-2024 $1.15M ▲ $23.291M ▲ $12.413M ▲ $5.168M ▼
Q2-2024 $587.031K ▼ $20.493M ▲ $7.426M ▼ $7.086M ▼
Q4-2023 $4.967M ▼ $19.209M ▼ $8.275M ▲ $9.143M ▼
Q2-2023 $5.862M $19.634M $5.647M $11.638M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-231.942K ▲ $-2.295M ▼ $1.498M ▲ $0 ▼ $-815.701K ▼ $-2.295M ▼
Q4-2024 $-2.783M ▲ $586.797K ▲ $-3.77M ▼ $3.738M ▲ $563.011K ▲ $554.852K ▲
Q2-2024 $-3.207M ▲ $-10.069M ▼ $4.486M ▲ $1.21M ▲ $-4.38M ▼ $-10.077M ▼
Q4-2023 $-4.065M ▼ $-911.976K ▲ $-182.958K ▼ $202.506K ▲ $-895.621K ▲ $-918.566K ▲
Q2-2023 $-2.697M $-4.341M $555.33K $-1.453M $-5.242M $-4.348M

Five-Year Company Overview

Income Statement

Income Statement The company’s income statement shows a very small revenue base that has not really grown over the past few years. While it appears to generate at least some gross profit, ongoing operating losses and consistent net losses indicate that the core business is not yet covering its costs. Earnings per share have stayed negative and have actually worsened since listing, which suggests that profitability is moving in the wrong direction rather than improving. Overall, the business is still in a “build and invest” phase rather than a stable, profit‑generating phase.

Balance Sheet

Balance Sheet The balance sheet is small, with modest total assets and no financial debt, which removes the risk of interest burdens but also reflects limited scale. Cash levels have trended down, meaning the company has been drawing on its cash cushion rather than rebuilding it through profits. Equity is positive but not expanding, pointing to ongoing strain from losses rather than accumulation of retained earnings. In short, the company looks lightly leveraged but financially thin, with little room for large shocks without new funding or a turnaround in performance.

Cash Flow

Cash Flow Cash flow from operations has recently been negative, which means the business is consuming cash rather than generating it. Free cash flow is also negative, even though capital spending appears very low, so the pressure is coming mainly from basic operating costs rather than heavy investment in physical assets. This pattern is typical of a small growth‑oriented business, but it also means the company likely depends on external capital or cash reserves to sustain its activities. Persistent negative cash flow is a key risk to watch, especially given the limited cash on the balance sheet.

Competitive Edge

Competitive Edge Competitively, the company targets a specific niche: international students, historically with a strong focus on Chinese students going to North America and the UK. Its network of partner universities and ownership of institutions like Davis College and EduGlobal College offers direct study pathways, which can be attractive and somewhat sticky once relationships are in place. Proprietary curricula and a “one‑stop” service model—from language training and academic preparation to placement and housing—add differentiation compared with simple recruitment agencies. However, the firm operates in a crowded and highly sensitive market where regulations, visa policies, and geopolitical trends can rapidly affect demand. Its small scale versus global education giants also limits its bargaining power and resources, so execution quality and maintaining strong partner relationships are critical to its edge.

Innovation and R&D

Innovation and R&D Innovation efforts center on blending traditional education with technology and specialized programs. The company is building digital and adaptive learning platforms and exploring AI‑driven education tools through initiatives like its ELITE Foundry, which aims to support EdTech and AI‑in‑education ventures. It also develops much of its curriculum in‑house, allowing it to tailor content for international students and update test preparation and language programs quickly. Moves into career‑training programs and niche areas like sports entertainment and kinesiology show a willingness to experiment and diversify. That said, most of these initiatives appear early‑stage, and the real test will be whether they gain meaningful student adoption and translate into sustainable revenue rather than remaining promising concepts on paper.

Summary

Overall, Elite Education Group (EpicQuest) looks like a small, niche education platform trying to scale an international student ecosystem around its partnerships, owned colleges, and technology‑enabled services. Financially, it remains loss‑making with a thin balance sheet and negative cash flow, so the business is not yet self‑funding and is exposed to funding and execution risk. Strategically, its strengths are its focused international student niche, established university pathways, proprietary curricula, and willingness to embrace digital and AI‑enhanced learning. The main uncertainties are whether it can grow enrollment and program breadth fast enough, successfully monetize its digital and AI investments, and manage external factors such as policy changes and cross‑border student flows. The story is one of potential and experimentation, but with meaningful financial and operational risk until the model proves consistently profitable.

NEWS

October 29, 2025 · 8:30 AM UTC

EpicQuest Education Signs Agreement to Strengthen and Expand its International Programs in South America

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October 9, 2025 · 8:30 AM UTC

EpicQuest Education Announces a Record Number of Students Enrolled in its Foundational Programs

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September 24, 2025 · 8:15 AM UTC

EpicQuest Education Announces 5x Increase in International Student Enrollment at Davis University's Associate Degree Programs Over Two Years

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September 4, 2025 · 8:30 AM UTC

EpicQuest Education to Present at the 27th H.C. Wainwright Global Investment Conference

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