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Epicquest Education Group International Ltd (EEIQ) stock

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NASDAQ: EEIQ Nasdaq Education Services

D Fundamentals grade

Epicquest Education Group International Ltd is a US-listed company in the education services industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Epicquest Education Group International Ltd is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: noncontrolling ownership requires a separate cash-flow valuation. We'll show the comparison once resolved.

Epicquest Education Group International Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds3 adding, 2 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Epicquest Education Group International files

Where Epicquest Education stands after its latest Filing

Revenue for the twelve months was $9m, up 9.6% on a year earlier, slower than the 42.7% growth a quarter earlier. Free-cash-flow margin fell to -36.2% from -5.5% a year earlier. Operating margin narrowed to -46.8% from -27.6%. The diluted share count is up 22.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks.

Our model value for Epicquest Education Group International is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Epicquest Education Group International Ltd's trailing-twelve-month revenue grew 9.6% year on year, with a free-cash-flow margin of -36.2%. Where it stands out: days sales outstanding of 4 days ranks 1 of 18 education services companies we cover. Where it lags: change in growth rate of -33.1pp ranks 24 of 25 education services companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 9.6% (-33.1pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 44.3 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Growth slowing. The growth rate is 33.1 points lower than a quarter earlier.
  • Loss-making. Operating margin is -46.8%: costs exceed revenue.
  • Burning cash. Free cash flow was -36.2% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 22.5% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 241% and a beta of -0.9 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 10.9% ranks 18 of 21 education services companies we cover (median 1.4%).

Price chart

  • 1 day0.0%
  • 1 week-8.2%
  • 1 month-19.0%
  • This year+16.5%
  • 1 year-42.4%
  • 5 years-93.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$8.9M
Operating margin
-46.8%
Net margin
-27.2%
EPS (TTM, diluted)
$-0.16

Growth

Revenue growth
+9.6%
Change in growth rate
−33.1 pts
Share count change
+22.5%

Cash

Free cash flow (TTM)
-$3.2M
FCF margin
-36.2%
Stock pay % of revenue
10.9%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for EEIQ from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Epicquest Education Group International Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: noncontrolling ownership requires a separate cash-flow valuation.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Epicquest Education Group International Ltd as an operating company, with every model that fits that kind of business. Cost of equity 7.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.57 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.1 ~$0.2–$0.7 Left out: out of range vs price (0.02x)
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: This model is withheld pending its input or assumption review.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: This model is withheld pending its input or assumption review.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Epicquest Education Group International Ltd with Education Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025
Share price$65.76$15.49$13.49$10.72$7.12
Market value$602m$171m$157m$135m$110m
+ Net debt (− = net cash)−$17m−$11m−$5m−$1m−$5m
Enterprise value$586m$159m$152m$134m$106m
Multiples
Price / sales 112.8x26.9x27.5x16.6x12.3x
Price / earnings —————
Price / free cash flow —————
EV / EBITDA —————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Epicquest Education Group International Ltd: too few analysts cover it.

Positioning

Short interest
0.9%
of tradable shares
Days to cover
0.46
at average volume
Short interest, 1 month
−47%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
40.9%
of shares
Employees
30
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 20222023202420252026 to date
Return
EEIQ−33%−12%−47%−79%+17%
Industry peers (median)−6%+26%+25%+2%−9%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
EEIQ42%42%33%17%36%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
EEIQ−75%−70%−70%−82%−81%
S&P 500−25%−10%−8%−19%−9%

Worst fall since March 24, 2021: 99% from March 29, 2021 to March 20, 2026. Getting back needed a 15431% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.91 – $10.58
From 52-week high
−61.1%
vs 50-day average
+1.9%
vs 200-day average
+17.0%
Volatility (1 year)
241%
Beta vs S&P 500
-0.91

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Epicquest Education Group International Ltd in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Epicquest Education Group International Ltd
$5M $6M $7M $8M $9M $10M FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue (TTM), FY19 Q4: $8.7M Revenue (TTM), FY20 Q4: $9.1M Revenue (TTM), FY21 Q4: $5.3M Revenue (TTM), FY22 Q4: $6.3M Revenue (TTM), FY23 Q4: $5.7M Revenue (TTM), FY24 Q4: $8.2M Revenue (TTM), FY25 Q4: $8.9M $8.9M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY19 Q4 $8.7M
FY20 Q4 $9.1M
FY21 Q4 $5.3M
FY22 Q4 $6.3M
FY23 Q4 $5.7M
FY24 Q4 $8.2M
FY25 Q4 $8.9M
Revenue growth, TTM YoY Epicquest Education Group International Ltd
-50% 0% 50% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY20 Q4: 4.2% Revenue growth, TTM YoY, FY21 Q4: -41.1% Revenue growth, TTM YoY, FY22 Q4: 18.5% Revenue growth, TTM YoY, FY23 Q4: -9.8% Revenue growth, TTM YoY, FY24 Q4: 42.7% Revenue growth, TTM YoY, FY25 Q4: 9.6% 9.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY20 Q4 4.2%
FY21 Q4 -41.1%
FY22 Q4 18.5%
FY23 Q4 -9.8%
FY24 Q4 42.7%
FY25 Q4 9.6%
Operating margin (TTM) Epicquest Education Group International Ltd
-150% -100% -50% 0% 50% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Operating margin (TTM), FY19 Q4: 30.4% Operating margin (TTM), FY20 Q4: 14.3% Operating margin (TTM), FY21 Q4: -27.6% Operating margin (TTM), FY22 Q4: -113.2% Operating margin (TTM), FY23 Q4: -122.9% Operating margin (TTM), FY24 Q4: -91.1% Operating margin (TTM), FY25 Q4: -46.8% -46.8%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY19 Q4 30.4%
FY20 Q4 14.3%
FY21 Q4 -27.6%
FY22 Q4 -113.2%
FY23 Q4 -122.9%
FY24 Q4 -91.1%
FY25 Q4 -46.8%
FCF margin (TTM) Epicquest Education Group International Ltd
-150% -100% -50% 0% 50% 100% FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY19 Q4: 51.3% FCF margin (TTM), FY20 Q4: -4.8% FCF margin (TTM), FY21 Q4: -5.5% FCF margin (TTM), FY22 Q4: -73.7% FCF margin (TTM), FY23 Q4: -92.2% FCF margin (TTM), FY24 Q4: -116.8% FCF margin (TTM), FY25 Q4: -36.2% -36.2%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY19 Q4 51.3%
FY20 Q4 -4.8%
FY21 Q4 -5.5%
FY22 Q4 -73.7%
FY23 Q4 -92.2%
FY24 Q4 -116.8%
FY25 Q4 -36.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025
Income
Revenue 9 9 5 6 6 8 9
Gross profit 6 7 3 4 4 5 6
EBITDA 3 1 −1 −7 −7 −7 −4
Operating income 3 1 −1 −7 −7 −7 −4
Net income 2 1 −1 −6 −7 −6 −2
Diluted EPS $0.26 $0.13 −$0.12 −$0.54 −$0.57 −$0.47 −$0.16
Growth (year on year)
Revenue — +4.2% −41.1% +18.5% −9.8% +42.7% +9.6%
EBITDA — −49.4% −197.4% — — — —
Operating income — −51.0% −213.7% — — — —
Net income — −50.8% −207.2% — — — —
Diluted EPS — −50.0% −192.3% — — — —
Margins
Gross margin 74.4% 74.2% 63.8% 68.1% 73.7% 65.2% 66.3%
EBITDA margin 31.4% 15.3% −25.2% −109.2% −115.8% −85.8% −42.2%
Operating margin 30.4% 14.3% −27.6% −113.2% −122.9% −91.1% −46.8%
Net margin 23.6% 11.2% −20.3% −94.2% −116.6% −73.5% −27.2%
Free-cash-flow margin 51.3% −4.8% −5.5% −73.7% −92.2% −116.8% −36.2%
Cash flow
Cash from operations 5 −0 0 −5 −5 −9 −3
Capital spending 0 0 1 0 0 0 0
Free cash flow 4 −0 −0 −5 −5 −10 −3
Stock-based pay — — — 5 2 2 1
Free cash flow after stock pay — — — −9 −7 −11 −4
Balance sheet
Cash 8 7 17 11 5 1 5
Total debt 0 0 0 0 0 0 0
Net debt (negative = net cash) −8 −7 −17 −11 −5 −1 −5
Diluted shares 8m 8m 9m 11m 12m 13m 15m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2025
What it owns · $26m
Short-term assets $16mLonger-term assets $9m
What it owes, and who funded it · $20m
Short-term liabilities $9mLonger-term liabilities $2mShareholders' equity $9m
  • Short-term assets cover short-term liabilities $16m of assets due within a year against $9m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $16m short-term assets against $2m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Epicquest Education Group International Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+22.5%
year over year
Sales & admin spending
97.6%
of revenue
Days sales outstanding
4 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in education services
Last 12 months unless stated EEIQ ZCMD WAFU YQ LXEH GSUN Median
Revenue, last 12 months $9m $11m $6m $15m $4m $35m $266m
Revenue growth, last 12 months 9.6% −28.3% 2.7% −43.9% −5.9% 482.8% 7.5%
Gross margin 66.3% 45.0% 29.1% 47.8% −38.7% 2.3% 54.6%
Operating margin −46.8% −54.4% −13.5% −154.3% −118.0% −5.9% 5.0%
Net margin −27.2% −55.5% −17.4% −145.6% −395.4% −14.3% 3.9%
Cash from operations / revenue −33.0% 7.4% −21.9% 35.2% <−999% −26.3% 8.4%
Free-cash-flow margin −36.2% 6.1% −22.7% 28.7% <−999% −26.3% 5.8%
Free-cash-flow margin, 3-year average — 2.3% −10.1% — — — 5.4%
Stock pay / revenue 10.9% 32.6% — 29.1% — 70.4% 1.4%
Change in share count 22.5% 425.3% −28.4% 24.7% >999% 43.8% 0.7%

Median of all 25 companies we cover in education services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 education services companies
Measure Company Peer median Rank
Revenue growth Growth 9.6% 7.5% 10 of 25
Change in growth rate Growth -33.1pp -0.5pp 24 of 25
Gross margin Profitability 66.3% 54.6% 3 of 19
Operating margin Profitability -46.8% 5.0% 22 of 25
Net margin Profitability -27.2% 3.9% 22 of 25
Free-cash-flow margin Cash generation -36.2% 5.8% 24 of 25
Stock pay as % of revenue Cash generation 10.9% 1.4% 18 of 21
Change in share count Balance sheet 22.5% 0.7% 20 of 24
Days sales outstanding Balance sheet 4 days 29 days 1 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1,826
Institutions reporting
5
Shares held vs prior quarter
▼ 91.2%
Positions opened / closed
2 / 2

Top buyers and sellers, Q2 2026: 3 institutions bought and 2 sold ; the biggest buyer was PNC Financial Services Group, Inc (+125 shares) and the biggest seller UBS Group AG (−6,800). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Global Retirement Partners, LLC $1,305 0K 71.5% —
PNC Financial Services Group, Inc. $379 0K 20.8% New
Sbi Securities Co., Ltd. $106 0K 5.8% ▲ 59.1%
Blackrock, Inc. $33 0K 1.8% 0.0%
Caitong International Asset Management Co., Ltd $3 0K 0.2% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Epicquest Education Group International Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Epicquest Education Group International Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Epicquest Education Group International Ltd in brief

What does Epicquest Education Group International Ltd do?
Epicquest Education Group International Ltd is a US-listed company in the education services industry. Its financial year ends in September.
What is Epicquest Education Group International Ltd's stock ticker?
Epicquest Education Group International Ltd trades under the ticker EEIQ on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Epicquest Education Group International Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Epicquest Education Group International Ltd reported revenue of $8.9M, 9.6% higher than a year earlier, according to its SEC filings.
What is Epicquest Education Group International Ltd's free cash flow?
Epicquest Education Group International Ltd's free-cash-flow margin is -36.2% of revenue over the trailing twelve months, ranking 24 of the 25 education services companies we cover.
Who are Epicquest Education Group International Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Global Retirement Partners, LLC, PNC Financial Services Group, Inc. and Sbi Securities Co., Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Epicquest Education Group International Ltd's market cap?
On September 30, 2025, Epicquest Education Group International Ltd's market capitalisation was about $110M and net debt of -$4.8M. Market figures come from third-party market data and may be delayed.
Who are Epicquest Education Group International Ltd's competitors?
In our Education Services peer group, the companies closest to Epicquest Education Group International Ltd are Zhongchao Inc., Wah Fu Education & Technology Group Ltd., 17 Education & Technology Group Inc., Lixiang Education Holding Co. Ltd. and Golden Sun Technology Group Ltd. The side-by-side comparison below sets their revenue, margins and growth against Epicquest Education Group International Ltd's.