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Highlights

  • Revenue rose 29.1% year-over-year to $5.37 million in H1 FY2025.
  • Gross margin expanded to 63.7% amid cost-reduction and lower share-based compensation.
  • Company cites international recruitment and program expansion as primary revenue drivers.

EpicQuest Education Group International Limited (NASDAQ: EEIQ) reported financial results for the six months ended March 31, 2025, posting a year-over-year revenue increase and improved profitability metrics driven by program expansion and cost controls.

Total revenues for the first half of fiscal 2025 were USD5.37 million, up USD1.21 million—or 29.1%—from USD4.16 million in the comparable period a year earlier. Management attributed the rise largely to higher enrollments in international foundational and collaborative programs delivered through partner institutions including Davis University and EduGlobal College, as well as growth in domestic program enrollments offered by those schools.

Gross profit for the period was USD3.42 million, versus USD2.40 million in H1 FY2024, representing a 42.5% increase. The company reported that costs of services rose by 10.8% year-over-year, a slower pace than revenue growth, which contributed to an expansion in gross margin to 63.7% from 57.7% a year earlier. EpicQuest cited lower non-cash expenses tied to share-based compensation and other cost-reduction initiatives as material contributors to the margin improvement.

The company highlighted ongoing international recruitment efforts, specifically from China, Southeast Asia and Latin America, and noted a new agreement intended to increase enrollments from Africa and the Middle East to Davis University. EpicQuest reiterated its longstanding relationship with the Regional Campuses of Miami University of Ohio and pointed to EduGlobal College as a continuing source of pathway program opportunities.

CEO Jianbo Zhang commented on the period’s results, noting a revenue increase and margin gains tied to program expansion and operational synergies. The company framed internationalization as a strategic growth lever and said it has entered multiple agreements with universities abroad to broaden student pathways.