EEIQ on Nasdaq
EpicQuest Education Group International Ltd
EpicQuest Education Group International Ltd is an educational services company that raised $600,000 in 2026 (SEC Form D).1 It is headquartered in Middletown, Ohio.1 Its shares trade on Nasdaq under the symbol EEIQ.1
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Last updated Oct 21, 2026.
Overview
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- TickerEEIQ on Nasdaq1
- IndustryServices-Educational Services1
- HeadquartersMiddletown, Ohio1
- Incorporated inVirgin Islands, British3
- Business address1209 N. University Blvd., Middletown, Oh 450423
- Filer categoryNon-accelerated filer, Emerging growth company3
- Legal formOther
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20% of the issued and outstanding shares of EduGlobal College, EduGlobal College is now 100% owned by HHI.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Tuition And Academic Programs brought in 84% of the revenue EpicQuest Education Group International Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tuition And Academic Programs | $5.0M | $7.5M | $7.6M |
| Collaborative Education Services | $94.5K | $174.7K | $818.7K |
| Student Accommodation And Other Related Services | $622.3K | $506.6K | $455.5K |
| Application And Advisory Services | $115.7K |
Business segments
DUMember brought in 71% of the revenue EpicQuest Education Group International Ltd broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| DUMember | $1.8M | $3.6M | $6.4M |
| QHIMember | $3.9M | $3.9M | $2.2M |
| DCMember | $607.7K | $356.6K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue26¢$3.0M
- Selling, general and admin74¢$8.7M
- Income tax0¢$3.4K
Out of $8.9M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Revenues | $8.9M | $8.2M | $5.7M |
| Costs of services | $3.0M | $2.8M | $1.5M |
| Gross profit | $5.9M | $5.3M | $4.2M |
| Selling expenses | $1.4M | $1.5M | $1.0M |
| General and administrative | $8.7M | $11.2M | $10.2M |
| Total operating costs and expenses | $10.1M | $12.7M | $11.2M |
| Loss from operations | -$4.2M | -$7.4M | -$7.0M |
| Other income | -$1.6M | -$495.3K | -$186.1K |
| Interest income | -$37.3K | -$22.7K | -$53.1K |
| Foreign exchange gain | -$5 | ||
| Total other (income) expenses | -$1.7M | -$518.0K | -$239.2K |
| Loss before provision for income taxes | -$2.5M | -$6.9M | -$6.8M |
| Current income tax expense | $910 | $18.2K | $11.6K |
| Deferred income tax expense (recovery) | $2.5K | -$354.0K | $277.9K |
| Income taxes expense (recovery) | $3.4K | -$335.8K | $289.5K |
| Net loss | -$2.5M | -$6.6M | -$7.1M |
| Net loss attributable to non-controlling interest | -$97.5K | -$581.1K | -$410.4K |
| Net loss attributable to common stockholders | -$2.4M | -$6.0M | -$6.7M |
| Unrealized foreign currency translation adjustment | -$13.7K | $481 | -$7.3K |
| Comprehensive loss | -$2.5M | -$6.6M | -$7.1M |
| Basic net loss per share (in Dollars per share) | -$0.16 | -$0.47 | -$0.57 |
| Diluted net loss per share (in Dollars per share) | -$0.16 | -$0.47 | -$0.57 |
| Weighted average number of ordinary shares-basic (in Shares) | 15.5M shares | 12.6M shares | 11.7M shares |
| Weighted average number of ordinary shares-diluted (in Shares) | 15.5M shares | 12.6M shares | 11.7M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $4.8M | $1.2M | |
| Restricted cash | $338.7K | $338.7K | |
| Accounts receivable, net of credit loss allowance of $nil and $nil | $492.9K | $85.3K | |
| Other receivable | $2.1M | $576.2K | |
| Prepaid expenses | $590.4K | $1.2M | |
| Other prepaid for events | $7.5M | ||
| Inventory | $46.4K | $48.5K | |
| Income tax receivable | $450.0K | $889.8K | |
| Total current assets | $16.3M | $4.3M | |
| Property and equipment, net | $433.7K | $1.6M | |
| Long-term prepaids | $7.5M | ||
| Intangible assets | $4.2M | $4.5M | |
| Right-of-use assets | $2.1M | $2.8M | |
| Goodwill | $2.7M | $2.7M | $2.7M |
| Total assets | $25.8M | $23.3M | |
| Accounts payable and other liabilities | $2.0M | $3.2M | |
| Loan payable | $410.0K | ||
| Income tax payable | $4.1K | $4.3K | |
| Lease liabilities current | $752.4K | $641.3K | |
| Deferred revenue | $6.0M | $5.3M | $4.1M |
| Total current liabilities | $8.9M | $9.8M | |
| Loan payable | $410.0K | ||
| Lease liabilities non current | $1.6M | $2.2M | |
| Deferred income tax liabilities | $472.9K | $470.5K | |
| Total liabilities | $11.4M | $12.4M | |
| Common shares, US$0.0015873 par value, 970,000,000 ordinary shares and 10,000,000 preferred shares authorized, 23,396,667 and 13,113,173 ordinary shares issued and outstanding as of September 30, 2025 and 2024, respectively | $37.1K | $20.8K | |
| Additional paid-in capital | $26.2M | $20.1M | |
| Deficit | -$17.4M | -$15.0M | |
| Accumulated other comprehensive loss | -$49.5K | -$35.8K | |
| Total shareholders equity | $8.8M | $5.2M | |
| Non-controlling interests | $5.6M | $5.7M | |
| Total liabilities and shareholders equity | $25.8M | $23.3M | |
| Common stock par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 970.0M shares | 970.0M shares | |
| Common stock, shares issued (in Shares) | 23.4M shares | 13.1M shares | |
| Common stock, shares outstanding (in Shares) | 23.4M shares | 13.1M shares | |
| Preferred shares authorized (in Shares) | 10.0M shares | 10.0M shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $4.8M | $1.2M | |
| Restricted cash | $338.7K | $338.7K | |
| Accounts receivable, net of credit loss allowance of $nil and $nil | $492.9K | $85.3K | |
| Other receivable | $2.1M | $576.2K | |
| Prepaid expenses | $590.4K | $1.2M | |
| Other prepaid for events | $7.5M | ||
| Inventory | $46.4K | $48.5K | |
| Income tax receivable | $450.0K | $889.8K | |
| Total current assets | $16.3M | $4.3M | |
| Property and equipment, net | $433.7K | $1.6M | |
| Long-term prepaids | $7.5M | ||
| Intangible assets | $4.2M | $4.5M | |
| Right-of-use assets | $2.1M | $2.8M | |
| Goodwill | $2.7M | $2.7M | $2.7M |
| Total assets | $25.8M | $23.3M | |
| Accounts payable and other liabilities | $2.0M | $3.2M | |
| Loan payable | $410.0K | ||
| Income tax payable | $4.1K | $4.3K | |
| Lease liabilities current | $752.4K | $641.3K | |
| Deferred revenue | $6.0M | $5.3M | $4.1M |
| Total current liabilities | $8.9M | $9.8M | |
| Loan payable | $410.0K | ||
| Lease liabilities non current | $1.6M | $2.2M | |
| Deferred income tax liabilities | $472.9K | $470.5K | |
| Total liabilities | $11.4M | $12.4M | |
| Common shares, US$0.0015873 par value, 970,000,000 ordinary shares and 10,000,000 preferred shares authorized, 23,396,667 and 13,113,173 ordinary shares issued and outstanding as of September 30, 2025 and 2024, respectively | $37.1K | $20.8K | |
| Additional paid-in capital | $26.2M | $20.1M | |
| Deficit | -$17.4M | -$15.0M | |
| Accumulated other comprehensive loss | -$49.5K | -$35.8K | |
| Total shareholders equity | $8.8M | $5.2M | |
| Non-controlling interests | $5.6M | $5.7M | |
| Total liabilities and shareholders equity | $25.8M | $23.3M | |
| Common stock par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 970.0M shares | 970.0M shares | |
| Common stock, shares issued (in Shares) | 23.4M shares | 13.1M shares | |
| Common stock, shares outstanding (in Shares) | 23.4M shares | 13.1M shares | |
| Preferred shares authorized (in Shares) | 10.0M shares | 10.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net loss | -$2.5M | -$6.6M | -$7.1M |
| Depreciation and amortization | $409.9K | $425.8K | $407.0K |
| Share-based compensation | $972.9K | $2.0M | $2.1M |
| Provision for accounts receivable | $67.5K | ||
| Net gain from disposal of fixed assets | -$480.2K | -$477.1K | |
| Impairment of goodwill | $14.0K | ||
| Gain from settlement of student deposit refunds with Renda | -$1.2M | ||
| Deferred income tax expense | $2.5K | -$354.0K | $277.9K |
| Accounts receivable and other receivable | -$2.0M | -$414.9K | $217.4K |
| Prepaid expenses | $612.5K | $1.0M | -$1.3M |
| Long-term prepaids | -$7.5M | ||
| Operating lease lease liabilities and right of use assets | $154.8K | $25.1K | -$45.0K |
| Inventory | $2.1K | -$7.3K | -$21.2K |
| Accounts payable & accrued liabilities | -$81.3K | $1.1M | -$212.8K |
| Deferred revenue | $710.4K | $1.3M | $233.5K |
| Income tax receivable | $439.5K | $7.4K | $254.3K |
| Student deposits | -$46.0K | ||
| Net cash used in operating activities | -$2.9M | -$9.5M | -$5.3M |
| Purchase of property and equipment | -$292.8K | -$40.3K | -$14.2K |
| Share buyback | -$1.3M | ||
| Acquisition of additional interest in subsidiary | -$187.5K | ||
| Net cash acquired from business acquisitions | $574.1K | ||
| Proceeds from sale of fixed assets | $1.7M | $757.1K | |
| Net cash provided from (used in) investing activities | $1.5M | $716.8K | -$877.6K |
| Long term investment received for Gilmore | $3.7M | ||
| Share issuances, net of issuance costs | $5.1M | $800.0K | |
| Proceeds borrowed from third party | $410.0K | ||
| Net cash provided from financing activities | $5.1M | $4.9M | |
| Effect of exchange rate changes on cash and cash equivalents | -$13.7K | $470 | -$7.3K |
| Net increase/(decrease) in cash, cash equivalents | $3.6M | -$3.8M | -$6.1M |
| Income taxes paid | $1.1K | $10.8K | $10.6K |
| Non-cash investing activities acquisition of operating lease right-of-used assets | $120.8K | $2.3M | $561.2K |
| Non-cash investing activities assumption of operating lease obligation | $120.8K | $2.2M | $572.6K |
No quarter-by-quarter statement was filed.
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Corporate structure
EpicQuest Education Group International Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of EpicQuest Education Group International Ltd
- L1 Capital Global Opportunities Master Fund, Ltd. Filed SCHEDULE 13G/A on EpicQuest Education Group International Ltd, latest Nov 14, 2025 (2 filings since Sep 3, 2025)
- 3i, LP Filed SCHEDULE 13G on EpicQuest Education Group International Ltd, latest Sep 2, 2025
- EpicQuest Education Group International Ltd Middletown, Ohio
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What EpicQuest Education Group International Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $433.7K2 Sep 30, 2025 | $1.6M2 Sep 30, 2024 | −72.9% |
| Operating-lease assets (leased space) | $2.1M2 Sep 30, 2025 | $2.8M2 Sep 30, 2024 | −23.1% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $2.7M2 Sep 30, 2025 | $2.7M2 Sep 30, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $4.2M2 Sep 30, 2025 | $4.5M2 Sep 30, 2024 | −4.9% |
| Accumulated amortization | $668.1K2 Sep 30, 2025 | $447.3K2 Sep 30, 2024 | +49.4% |
Inventory
Leadership
Who has led EpicQuest Education Group International Ltd, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerJianbo Zhang Mar 18, 2026 to now9
- Chief financial officerZhenyu Wu Mar 18, 2026 to now10
Board members and other officers (4)
- Board memberJianbo Zhang Mar 18, 2026 to now9
- Board memberZhenyu Wu Mar 18, 2026 to now10
- Board memberXiaojun Cui Mar 25, 2026 to now11
- Board memberGary Michael Pratt Mar 26, 2026 to now12
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorCraig Wilson named May 21, 202613
Former names
- Elite Education Group International LtdNov 15, 2019 to Aug 29, 20223
Timeline
- Mar 18, 2026New chief executive Jianbo Zhang becomes CEO9
Filings
89 filings to the SEC since October 2021: 5 annual reports, 9 insider forms, 3 large holders, 1 private raises, 71 other. The latest 20:
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jun 25, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 12, 2026EFFECT EDGAR
- Jun 12, 2026424B3 PROSPECTUS EDGAR
- Jun 11, 2026CORRESP EDGAR
- Jun 10, 2026UPLOAD EDGAR
- Jun 3, 2026F-3 REGISTRATION STATEMENT EDGAR
- May 21, 2026D EDGAR
- May 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 28, 20266-K CURRENT REPORT EDGAR
- Apr 24, 20264 EDGAR
- Apr 24, 20264 EDGAR
- Mar 27, 20266-K CURRENT REPORT EDGAR
- Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 25, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
- Mar 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
The 89 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- L1 Capital Global Opportunities Master Fund, Ltd.SCHEDULE 13G/A, 2 filings Sep 3, 2025 to Nov 14, 202514
- 3i, LPSCHEDULE 13G, 1 filing Sep 2, 202515
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $600.0K
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2026 | $600.0K | $600.0K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How EpicQuest Education Group International Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREpicQuest Education Group International Ltd1
- CIK0001781397
- Employer ID (EIN)46-16054751
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inOhio4
- Fiscal year endsSeptember 301
- Industry code (SIC)8200 Services-Educational Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address1209 N. University Blvd., Middletown, OH 450421
- Phone(513)835-53941
- Shares outstanding23,396,667 shares as of Sep 30, 20254
- AuditorZH CPA, LLC, Denver, Colorado PCAOB ID 6413; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceNov 15, 20191
- Filings133 in all: 6-K (38), UPLOAD (16), CORRESP (15), DRS/A (7), F-3/A (6), 20-F (5), 3 (5), DRSLTR (5)1
All 25 form types
EFFECT (5), F-1/A (5), F-3 (5), 4 (4), 424B3 (3), S-8 (2), SCHEDULE 13G (2), 424B4 (1), 424B5 (1), 6-K/A (1), 8-A12B (1), CERT (1), D (1), DRS (1), F-1 (1), FWP (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (20-F) Jan 28, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, $0.0016 par value per share | EEIQ | Nasdaq |
From the cover page of the 20-F filed Jan 28, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10SEC EDGARZhenyu Wu, Chief financial officer
- 11SEC EDGARXiaojun Cui, Board member
- 12SEC EDGARGary Michael Pratt, Board member
- 13
- 14
- 15