EpicQuest Edu Financials

EEIQ

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE September

This page shows EpicQuest Edu (EEIQ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

EpicQuest Edu has an operating margin of -46.8%, meaning the company retains $-47 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -91.1% the prior year.

Growth

EpicQuest Edu's revenue grew 9.6% year-over-year to $8.9M, a solid pace of expansion. This earns a growth score of 56/100.

Leverage

EpicQuest Edu has a moderate D/E ratio of 1.93. This balance of debt and equity financing earns a leverage score of 40/100.

Liquidity

EpicQuest Edu's current ratio of 1.83 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While EpicQuest Edu generated -$2.9M in operating cash flow, capex of $293K consumed most of it, leaving -$3.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

EpicQuest Edu passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

1.21x

For every $1 of reported earnings, EpicQuest Edu generates $1.21 in operating cash flow (-$2.9M OCF vs -$2.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$8.9M

YoY+9.6%

5Y CAGR-0.3%

EpicQuest Edu generated $8.9M in revenue in fiscal year 2025. This represents an increase of 9.6% from the prior year.

EBITDA

-$3.8M

YoY+46.1%

EpicQuest Edu's EBITDA was -$3.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 46.1% from the prior year.

Free Cash Flow

-$3.2M

YoY+66.0%

EpicQuest Edu generated -$3.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 66.0% from the prior year.

Net Income

-$2.4M

YoY+59.4%

EpicQuest Edu reported -$2.4M in net income in fiscal year 2025. This represents an increase of 59.4% from the prior year.

EPS (Diluted)

$-0.16

YoY+66.0%

EpicQuest Edu earned $-0.16 per diluted share (EPS) in fiscal year 2025. This represents an increase of 66.0% from the prior year.

Cash & Debt

$4.8M

YoY+313.4%

5Y CAGR-8.5%

EpicQuest Edu held $4.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

23M

YoY+78.4%

5Y CAGR+24.1%

EpicQuest Edu had 23M shares outstanding in fiscal year 2025. This represents an increase of 78.4% from the prior year.

Gross Margin

66.3%

YoY+1.1pp

5Y CAGR-7.9pp

EpicQuest Edu's gross margin was 66.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.

Operating Margin

-46.8%

YoY+44.3pp

5Y CAGR-61.1pp

EpicQuest Edu's operating margin was -46.8% in fiscal year 2025, reflecting core business profitability. This is up 44.3 percentage points from the prior year.

Net Margin

-27.2%

YoY+46.3pp

5Y CAGR-38.3pp

EpicQuest Edu's net profit margin was -27.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 46.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$293K

YoY+625.9%

5Y CAGR+0.3%

EpicQuest Edu invested $293K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 625.9% from the prior year.

EEIQ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$8.9M+9.6%	$8.2M+42.7%	$5.7M-9.8%	$6.3M+18.5%	$5.3M-41.1%	$9.1M
Cost of Revenue	$3.0M+6.1%	$2.8M+89.1%	$1.5M-25.7%	$2.0M+4.5%	$1.9M-17.4%	$2.3M
Gross Profit	$5.9M+11.5%	$5.3M+26.2%	$4.2M-2.3%	$4.3M+26.5%	$3.4M-49.3%	$6.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$8.7M-15.6%	$10.3M+18.0%	$8.8M-16.7%	$10.5M+234.2%	$3.1M+1.1%	$3.1M
Operating Income	-$4.2M+43.7%	-$7.4M-5.8%	-$7.0M+2.0%	-$7.2M-386.3%	-$1.5M-213.7%	$1.3M
Interest Expense	N/A	N/A	$239K-71.7%	$846K+932.2%	$82K-27.9%	$114K
Income Tax	$3K+101.0%	-$336K-216.0%	$289K+251.5%	-$191K+37.8%	-$307K-177.3%	$398K
Net Income	-$2.4M+59.4%	-$6.0M+10.1%	-$6.7M-11.7%	-$6.0M-450.0%	-$1.1M-207.2%	$1.0M
EPS (Diluted)	$-0.16+66.0%	$-0.47+17.5%	$-0.57-5.6%	$-0.54-350.0%	$-0.12-192.3%	$0.13

Metric	Q3'25	Q2'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

EEIQ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$25.8M+10.7%	$23.3M+21.3%	$19.2M-20.0%	$24.0M0.0%	$24.0M+69.1%	$14.2M
Current Assets	$16.3M+279.9%	$4.3M-50.7%	$8.7M-38.1%	$14.1M-28.2%	$19.6M+84.0%	$10.6M
Cash & Equivalents	$4.8M+313.4%	$1.2M-76.8%	$5.0M-56.6%	$11.4M-30.8%	$16.5M+123.2%	$7.4M
Inventory	$46K-4.3%	$48K+17.7%	$41K	N/A	N/A	N/A
Accounts Receivable	N/A	$85K+133.6%	$37K-23.4%	$48K-69.2%	$155K	N/A
Goodwill	$2.7M0.0%	$2.7M0.0%	$2.7M+210.3%	$855K	N/A	N/A
Total Liabilities	$17.0M-6.4%	$18.1M+119.0%	$8.3M+25.1%	$6.6M-27.1%	$9.1M+35.0%	$6.7M
Current Liabilities	$8.9M-8.9%	$9.8M+41.9%	$6.9M+13.6%	$6.1M-29.7%	$8.6M+28.2%	$6.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.8M+70.4%	$5.2M-43.5%	$9.1M-34.5%	$14.0M-6.6%	$14.9M+99.6%	$7.5M
Retained Earnings	-$17.4M-16.2%	-$15.0M-66.8%	-$9.0M-288.4%	-$2.3M-163.2%	$3.7M-22.9%	$4.7M

Metric	Q3'25	Q2'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20
Total Assets	$25.8M+28.6%	$20.0M-14.0%	$23.3M+21.3%	$19.2M-20.0%	$24.0M0.0%	$24.0M+69.1%	$14.2M
Current Assets	$16.3M+563.8%	$2.5M-42.8%	$4.3M-50.7%	$8.7M-38.1%	$14.1M-28.2%	$19.6M+84.0%	$10.6M
Cash & Equivalents	$4.8M+1322.1%	$334K-70.9%	$1.2M-76.8%	$5.0M-56.6%	$11.4M-30.8%	$16.5M+123.2%	$7.4M
Inventory	$46K+3.7%	$45K-7.7%	$48K+17.7%	$41K	N/A	N/A	N/A
Accounts Receivable	N/A	$101K+18.9%	$85K+133.6%	$37K-23.4%	$48K-69.2%	$155K	N/A
Goodwill	$2.7M0.0%	$2.7M0.0%	$2.7M0.0%	$2.7M+210.3%	$855K	N/A	N/A
Total Liabilities	$17.0M+15.5%	$14.7M-18.9%	$18.1M+119.0%	$8.3M+25.1%	$6.6M-27.1%	$9.1M+35.0%	$6.7M
Current Liabilities	$8.9M+38.5%	$6.4M-34.2%	$9.8M+41.9%	$6.9M+13.6%	$6.1M-29.7%	$8.6M+28.2%	$6.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.8M+64.7%	$5.3M+3.5%	$5.2M-43.5%	$9.1M-34.5%	$14.0M-6.6%	$14.9M+99.6%	$7.5M
Retained Earnings	-$17.4M-14.5%	-$15.2M-1.6%	-$15.0M-66.8%	-$9.0M-288.4%	-$2.3M-163.2%	$3.7M-22.9%	$4.7M

EEIQ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$2.9M+68.9%	-$9.5M-80.5%	-$5.3M-13.8%	-$4.6M-1532.0%	$322K+323.7%	-$144K
Capital Expenditures	$293K+625.9%	$40K+183.5%	$14K-72.3%	$51K-91.7%	$619K+114.4%	$289K
Free Cash Flow	-$3.2M+66.0%	-$9.5M-80.8%	-$5.3M-12.9%	-$4.7M-1474.2%	-$296K+31.5%	-$433K
Investing Cash Flow	$1.5M+103.0%	$717K+181.7%	-$878K-34.7%	-$651K-26.6%	-$515K-78.3%	-$289K
Financing Cash Flow	$5.1M+3.3%	$4.9M	N/A	$200K-97.9%	$9.3M+2257.6%	-$432K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A

EEIQ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	66.3%+1.1pp	65.2%-8.5pp	73.7%+5.6pp	68.1%+4.3pp	63.8%-10.4pp	74.2%
Operating Margin	-46.8%+44.3pp	-91.1%+31.8pp	-122.9%-9.7pp	-113.2%-85.6pp	-27.6%-41.9pp	14.3%
Net Margin	-27.2%+46.3pp	-73.5%+43.1pp	-116.6%-22.4pp	-94.2%-73.9pp	-20.3%-31.5pp	11.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	13.5%
Return on Assets	-9.4%+16.3pp	-25.7%+9.0pp	-34.7%-9.8pp	-24.9%-20.3pp	-4.5%-11.6pp	7.1%
Current Ratio	1.83+1.4	0.44-0.8	1.27-1.1	2.32+0.1	2.27+0.7	1.58
Debt-to-Equity	1.93-1.6	3.51+2.6	0.91+0.4	0.47-0.1	0.61-0.3	0.90
FCF Margin	-36.2%+80.5pp	-116.8%-24.6pp	-92.2%-18.5pp	-73.7%-68.1pp	-5.5%-0.8pp	-4.8%

Metric	Q3'25	Q2'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.83+1.5	0.38-0.1	0.44-0.8	1.27-1.1	2.32+0.1	2.27+0.7	1.58
Debt-to-Equity	1.93-0.8	2.75-0.8	3.51+2.6	0.91+0.4	0.47-0.1	0.61-0.3	0.90
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is EpicQuest Edu's annual revenue?

EpicQuest Edu (EEIQ) reported $8.9M in total revenue for fiscal year 2025. This represents a 9.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is EpicQuest Edu's revenue growing?

EpicQuest Edu (EEIQ) revenue grew by 9.6% year-over-year, from $8.2M to $8.9M in fiscal year 2025.

Is EpicQuest Edu profitable?

No, EpicQuest Edu (EEIQ) reported a net income of -$2.4M in fiscal year 2025, with a net profit margin of -27.2%.

What is EpicQuest Edu's earnings per share (EPS)?

EpicQuest Edu (EEIQ) reported diluted earnings per share of $-0.16 for fiscal year 2025. This represents a 66.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is EpicQuest Edu's EBITDA?

EpicQuest Edu (EEIQ) had EBITDA of -$3.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is EpicQuest Edu's gross margin?

EpicQuest Edu (EEIQ) had a gross margin of 66.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is EpicQuest Edu's operating margin?

EpicQuest Edu (EEIQ) had an operating margin of -46.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is EpicQuest Edu's net profit margin?

EpicQuest Edu (EEIQ) had a net profit margin of -27.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is EpicQuest Edu's free cash flow?

EpicQuest Edu (EEIQ) generated -$3.2M in free cash flow during fiscal year 2025. This represents a 66.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is EpicQuest Edu's operating cash flow?

EpicQuest Edu (EEIQ) generated -$2.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are EpicQuest Edu's total assets?

EpicQuest Edu (EEIQ) had $25.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are EpicQuest Edu's capital expenditures?

EpicQuest Edu (EEIQ) invested $293K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does EpicQuest Edu have outstanding?

EpicQuest Edu (EEIQ) had 23M shares outstanding as of fiscal year 2025.

What is EpicQuest Edu's current ratio?

EpicQuest Edu (EEIQ) had a current ratio of 1.83 as of fiscal year 2025, which is generally considered healthy.

What is EpicQuest Edu's debt-to-equity ratio?

EpicQuest Edu (EEIQ) had a debt-to-equity ratio of 1.93 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is EpicQuest Edu's return on assets (ROA)?

EpicQuest Edu (EEIQ) had a return on assets of -9.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is EpicQuest Edu's cash runway?

Based on fiscal year 2025 data, EpicQuest Edu (EEIQ) had $4.8M in cash against an annual operating cash burn of $2.9M. This gives an estimated cash runway of approximately 19 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is EpicQuest Edu's Piotroski F-Score?

EpicQuest Edu (EEIQ) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are EpicQuest Edu's earnings high quality?

EpicQuest Edu (EEIQ) has an earnings quality ratio of 1.21x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is EpicQuest Edu?

EpicQuest Edu (EEIQ) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.