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

Rhea-AI Summary

EpicQuest Education (NASDAQ: EEIQ) reported significant growth in international student enrollment at Davis University's Associate Degree programs. The enrollment increased from 51 students in 2023 to 267 students in 2025, marking a 5x growth over two years.

Davis University has expanded its international collaborations from one educational institution to three in the current academic year, with plans to partner with five institutions next year. The company projects at least a doubling of international student enrollment for the 2026 academic year.

Insights

Education Investment Analyst

EEIQ shows strong international enrollment growth at Davis University, with 5x increase over two years and projected doubling next year.

The enrollment metrics for Davis University's international student recruitment show impressive traction in EpicQuest Education's internationalization strategy. From a baseline of 51 international students in 2023, the program has grown to 267 students in 2025 - representing a substantial 423% increase over just two years. This growth trajectory appears sustainable as the company has expanded its institutional partnerships from one to three educational collaborators, with plans to reach five partnerships by next year.

This enrollment growth directly impacts the company's revenue potential, as international students typically generate higher per-student revenue than domestic counterparts. The company's projection to double international enrollment in 2026 suggests strong revenue visibility for coming fiscal periods. What's particularly notable is how quickly EEIQ has scaled this program, demonstrating both market demand and operational capability to manage rapid growth.

The focus on associate degree programs aligns with broader educational trends toward career-focused credentials with faster completion times than traditional four-year degrees. This positions Davis University to capture international student demand for practical education pathways that offer quicker entry to the job market. The explicit mention of US government support for career-oriented education adds regulatory stability to the company's growth strategy, reducing policy risk.

TOLEDO, Ohio, Sept. 24, 2025 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced an update of its international student enrollment metrics for Davis University's Associate Degree programs.

Jianbo Zhang, Chief Executive Officer of EpicQuest Education, commented, "We have become increasingly focused on international recruiting as it is a key element of our strategic growth plan of internationalization. Our international recruiting at Davis University has shown excellent progress over the last three years, and looking forward, we envision further dynamic growth. We believe that our strategy of providing academic programs that lead to good careers represent a solid return on investment for all of our students."

For the 2023 academic year, Davis University ("Davis") began recruiting international students for its Associate Degree programs through its collaborations with an educational institution in China. This resulted in the enrollment of 51 international students for the 2023 academic year at Davis. For the second year of this recruiting initiative, 101 international students were enrolled at Davis for the 2024 academic year. For the third year of this recruiting initiative, 267 international students were enrolled at Davis for the 2025 academic year. This represents a 5x growth rate in international Associate Degree student enrollment in just two years.

Further, the number of educational institutions with whom Davis collaborates on its Associate Degree programs increased from one institution in the past two years to three educational institutions in the current academic year, and this is expected to increase to five collaborating institutions next year. Consequently, the Company estimates that the number of international students enrolled in Davis' Associate Degree programs for the 2026 academic year will at least double. 

The recruitment of international students for its Associate Degree programs is attributable to the success of Davis' strategy of internationalization, and it is consistent with the needs of career-oriented education as promoted by the US government. The US government's support of career-oriented education support is long-standing and bipartisan, with multiple administrations recognizing the need to align education with the demands of the modern workforce. 

About Davis University

Davis University ("Davis") was founded in 1858 and is a private career-training college located in Toledo, Ohio. Davis offers a specialized professional career training curriculum in numerous fields, and its mission is to provide marketable skills that enhance the employability of its graduates. Davis offers coursework flexibility to ensure program success as well as externship opportunities that provide its student population with real-world skill sets prior to graduation. Davis provides quality career-focused associate degree programs to help students achieve excellent careers in numerous fields that are in high demand. These include programs in Business, Medical, Early Childhood Education, Interior Design, Project Management STEM programs, and Graphic Design. In addition to its associate degree programs, Davis offers Bachelor of Science in Business and Master of Science in Management degree programs. For more information, please visit https://davisuniversity.edu/.

EpicQuest Education's Mission of Internationalization

The Company believes that internationalization is a key element of its strategic growth plan. EpicQuest Education's growth plan is to have its operated colleges, Davis University and EduGlobal College, become increasingly focused on international recruiting and enhanced globalized learning to its students as well as pathways to achieve university degrees. The Company's strategic growth plan is to achieve international expansion and establish EpicQuest Education as a truly international service provider of higher learning.

About EpicQuest Education Group International Limited

EpicQuest Education Group International Limited ("EpicQuest Education" or the "Company") provides comprehensive education solutions for domestic and international students seeking university and University degrees in the US, Canada and the UK. The Company owns and operates EduGlobal University, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training University located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the Miami University Regional campuses, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University. The Company is also a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University, both of which are located in the UK. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. For more information, please visit www.epicquesteducation.com/.

Safe Harbor Statement

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release include, without limitation, the expected future increases in international students enrolled for the 2026 academic year. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our most recent Form 20-F and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contacts:

EpicQuest Education Group International Limited
+1 513-649-8350
info@epicquesteducation.com

Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com

Source: EpicQuest Education Group International Limited

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SOURCE EpicQuest Education Group International Limited

FAQ

How many international students enrolled at Davis University's Associate Degree programs in 2025?

267 international students enrolled at Davis University for the 2025 academic year.

What is the growth rate of EEIQ's international student enrollment at Davis University from 2023 to 2025?

Davis University achieved a 5x growth rate in international Associate Degree student enrollment, increasing from 51 students in 2023 to 267 students in 2025.

How many educational institutions does Davis University collaborate with for its Associate Degree programs?

Davis University currently collaborates with three educational institutions, up from one in the past two years, and plans to expand to five collaborating institutions next year.

What is EEIQ's projected international student enrollment growth for Davis University in 2026?

EpicQuest Education estimates that international student enrollment in Davis University's Associate Degree programs will at least double for the 2026 academic year.

How does Davis University's international recruitment strategy align with US government policies?

The strategy aligns with the US government's long-standing bipartisan support for career-oriented education that meets modern workforce demands.