EpicQuest Education Group International Reports Q1 2025 Earnings: Revenue Up 29% YoY, Net Loss Narrows by 93% YoY

EpicQuest Education Group International reported a net loss of $231.9k in 1H 2025, narrowing by 93% from 1H 2024. The company's revenue increased by 29% to $5.37m. The loss per share improved to $0.018 from a loss of $0.26 in 1H 2024.

EpicQuest Education Group International (NASDAQ: EEIQ) reported a net loss of $231.9k in the first half of 2025, narrowing by 93% compared to the same period in 2024. The company's revenue increased by 29% to $5.37 million, driven primarily by the expansion of its international foundational and collaborative programs. The loss per share improved to $0.018 from a loss of $0.26 in the first half of 2024.

The company's CEO, Jianbo Zhang, commented on the results, stating, "We are pleased to announce a 29% increase in revenue for the first half of our 2025 fiscal year as compared to the year-ago period. This increase was driven by the expansion of our international foundational and collaborative programs offered abroad which enable students to begin their studies in their home countries to prepare for future study overseas. In addition, the six-month period reflects an improvement in our gross margin to 64% and a significant reduction in operating costs as we work to create synergies and reduce expenses" [2].

EpicQuest Education's gross profit for the first half of 2025 was $3.42 million, an increase of 42.5% compared to the same period in 2024. The company's operating expenses decreased by 17.9% to $5.38 million, with a significant reduction in general and administrative expenses offset by an increase in selling expenses. The company's net loss for the period was $0.16 million, a decrease of 95.5% compared to the same period in 2024.

The company's financial condition as of March 31, 2025, showed a decrease in cash and cash equivalents to $0.33 million, a decrease of $0.82 million or 71.3% compared to September 30, 2024. The company's negative working capital was $3.96 million, and the current ratio was 0.57.

EpicQuest Education Group International provides comprehensive education solutions for domestic and international students seeking university and college degrees in the US, Canada, and the UK. The company owns and operates EduGlobal College and Davis College, and has recruiting relationships with various universities.

References:
[1] https://au.finance.yahoo.com/news/epicquest-education-group-international-first-104850216.html
[2] https://www.marketscreener.com/news/epicquest-education-international-1h-eeiq-1h-2025-earnings-report-pr-final-version-ce7c50d8dd88f721