Elite Education Group International Limited (EEIQ) Cash Flow Statement
Where EEIQ’s cash came from and went, FY2025
September 30, 2025 · U.S. dollars- Cash from operations
- −$2.9M
- Capital expenditures
- $292,842 3.3% of revenue
- Free cash flow
- −$3.2M −36.2% margin
- Returned to shareholders
- —
- Change in cash
- $3.6M cash at year-end $5.1M
Drawn to scale: where the cash came from and how it was used. Hover for values.
EEIQ operating cash flow, capex and free cash flow
EEIQ cash flow trends, FY2017–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$491,957FY2017 | −$2.9MFY2025 | — | |
| Capital expenditures | $132,125FY2017 | $292,842FY2025 | +10.5%/yr | |
| Free cash flow | −$624,082FY2017 | −$3.2MFY2025 | — | |
| Free cash flow margin | −10.7%FY2017 | −36.2%FY2025 | −25.5 pts | |
| Operating cash flow / net income | −0.50FY2017 | −0.14FY2020 | +0.35 | |
| Stock-based compensation | $457,998FY2019 | $972,879FY2025 | +13.4%/yr | |
| Capex / revenue | 2.3%FY2017 | 3.3%FY2025 | +1.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EEIQ cash flow by activity
EEIQ net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
EEIQ cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | −$2.5M | −$6.6M | −$7.2M | −$6.2M | −$1.1M | $1.0M | $2.1M | $1.1M | $990,225 |
| Depreciation & amortization | $409,899 | $425,763 | $407,013 | $252,097 | $126,234 | $87,593 | $91,814 | $82,223 | $84,907 |
| Stock-based compensation | $972,879 | $2.0M | $2.1M | $4.8M | −$4,000 | $0 | $457,998 | — | — |
| Change in working capital | −$192,238 | −$4.5M | −$943,400 | −$2.5M | $1.5M | −$1.2M | $2.4M | $366,425 | −$2.1M |
| Other non-cash items | −$1.6M | −$831,127 | $395,175 | −$938,521 | −$226,359 | $0 | −$361,284 | $646,879 | $510,116 |
| Cash from operating activities | −$2.9M | −$9.5M | −$5.3M | −$4.6M | $322,190 | −$144,043 | $4.7M | $2.2M | −$491,957 |
| Investing activities | |||||||||
| Capital expenditures | −$292,842 | −$40,343 | −$14,231 | −$51,410 | −$618,529 | −$288,555 | −$203,172 | −$211,593 | −$132,125 |
| Investments (net) | — | $716,772 | −$877,635 | −$651,480 | −$514,529 | −$288,555 | −$203,172 | −$491,593 | — |
| Acquisitions & other investing | $1.7M | $40,343 | $14,231 | $51,410 | $618,529 | $288,555 | $203,172 | $211,593 | −$429,800 |
| Cash from investing activities | $1.5M | $716,772 | −$877,635 | −$651,480 | −$514,529 | −$288,555 | −$203,172 | −$491,593 | −$561,925 |
| Financing activities | |||||||||
| Share repurchases & issuance (net) | — | — | −$1.3M | — | — | — | — | — | — |
| Net borrowing (repayment) | $0 | $409,956 | $0 | $0 | — | — | $140,000 | $140,000 | $140,000 |
| Shares issued | $5.1M | $800,000 | $0 | $200,000 | $9.3M | $0 | $0 | $0 | $0 |
| Other financing | $0 | $3.7M | $0 | $0 | $0 | −$432,035 | −$351,854 | $298,796 | $289,191 |
| Cash from financing activities | $5.1M | $4.9M | −$1.3M | $200,000 | $9.3M | −$432,035 | −$211,854 | $438,796 | $429,191 |
| Summary | |||||||||
| Net change in cash | $3.6M | −$3.8M | −$6.1M | −$5.1M | $9.1M | −$864,633 | $4.3M | $2.1M | −$624,691 |
| Cash at end of period | $5.1M | $1.5M | $5.3M | $11.4M | $16.5M | $7.4M | $8.3M | $4.0M | $1.9M |
| Free cash flow | −$3.2M | −$9.5M | −$5.3M | −$4.7M | −$296,339 | −$432,598 | $4.5M | $2.0M | −$624,082 |
| Free cash flow margin | −36.2% | −116.8% | −92.2% | −73.7% | −5.5% | −4.8% | 51.3% | 31.1% | −10.7% |
| Capex / revenue | 3.3% | 0.5% | 0.2% | 0.8% | 11.6% | 3.2% | 2.3% | 3.4% | 2.3% |
| Operating cash flow / net income | — | — | — | — | — | −0.14 | 2.27 | 2.02 | −0.50 |
| Mar '26 | Dec '25 | Jun '25 | Dec '24 | Mar '24 | Dec '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||
| Net income | −$2.8M | −$2.2M | −$231,942 | −$2.8M | −$3.2M | −$4.1M | −$2.0M | −$2.7M | −$3.6M | −$1.8M | −$1.8M |
| Depreciation & amortization | $205,953 | $208,264 | $201,635 | $198,444 | $227,319 | $243,150 | $121,575 | $163,863 | $140,500 | $70,250 | $70,250 |
| Stock-based compensation | — | — | $813,171 | $856,888 | — | $1.3M | $632,098 | $450,439 | $1.1M | — | — |
| Change in working capital | −$3.1M | $791,063 | $760,036 | −$418,156 | −$7.3M | −$1.2M | −$607,848 | −$2.2M | $62,819 | — | — |
| Other non-cash items | $1.6M | $546,394 | −$3.8M | $2.7M | $215,376 | $2.9M | $1.4M | −$24,919 | $834,351 | $994,446 | $994,446 |
| Cash from operating activities | −$4.1M | −$651,458 | −$2.3M | $586,797 | −$10.1M | −$911,976 | −$455,988 | −$4.3M | −$1.5M | −$729,156 | −$729,156 |
| Investing activities | |||||||||||
| Capital expenditures | −$16,971 | −$292,842 | −$3 | −$31,945 | −$8,401 | −$6,590 | −$3,295 | −$7,641 | −$21,263 | −$10,631 | −$10,631 |
| Investments (net) | — | — | — | — | — | — | — | — | — | −$135,000 | −$135,000 |
| Acquisitions & other investing | −$3 | $250,128 | $1.5M | −$3.7M | $4.5M | −$176,368 | — | $562,971 | −$450,587 | −$90,294 | −$90,294 |
| Cash from investing activities | −$16,974 | −$42,714 | $1.5M | −$3.8M | $4.5M | −$182,958 | — | $555,330 | −$471,850 | −$235,925 | −$235,925 |
| Financing activities | |||||||||||
| Share repurchases & issuance (net) | — | — | — | — | — | $2.5M | — | −$1.3M | −$625,004 | — | — |
| Net borrowing (repayment) | — | — | — | — | — | — | — | — | — | $134,947 | $134,947 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$350,000 | $5.1M | — | $3.7M | $1.2M | −$2.3M | $101,253 | −$202,506 | $1.1M | $100,000 | $100,000 |
| Cash from financing activities | −$350,000 | $5.1M | — | $3.7M | $1.2M | $202,506 | $101,253 | −$1.5M | $469,893 | $234,947 | $234,947 |
| Summary | |||||||||||
| Net change in cash | −$4.4M | $4.4M | −$815,701 | $563,011 | −$4.4M | −$895,621 | −$447,810 | −$5.2M | −$1.5M | −$744,603 | −$744,603 |
| Cash at end of period | $645,653 | $5.1M | $673,053 | $1.5M | $925,743 | $5.3M | −$447,810 | $6.2M | $11.4M | $12.9M | — |
| Free cash flow | −$4.1M | −$944,300 | −$2.3M | $554,852 | −$10.1M | −$918,566 | −$459,283 | −$4.3M | −$1.5M | −$739,787 | −$739,787 |
| Free cash flow margin | −65.6% | −26.4% | −42.8% | 13.9% | −242.1% | −40.1% | −40.1% | −127.1% | −65.0% | — | — |
| Capex / revenue | 0.3% | 8.2% | 0.0% | 0.8% | 0.2% | 0.3% | 0.3% | 0.2% | 0.9% | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
EEIQ cash generation
In fiscal 2025 (ended September 30, 2025), Elite Education Group International generated -$2.9 million of cash from operations and spent $0.3 million on capital expenditures, leaving free cash flow of -$3.2 million, −36.2% of revenue. Cash and equivalents rose by $3.6 million over the year.
Related: EEIQ income statement, EEIQ balance sheet. See the EEIQ stock overview for the latest quote and news.
EEIQ cash flow FAQ
What is Elite Education Group International's free cash flow?
Elite Education Group International's free cash flow was -$3.2 million in fiscal 2025: -$2.9 million of operating cash flow minus $0.3 million of capital expenditures It was -$9.5 million a year earlier..
How much cash does Elite Education Group International generate from operations?
Elite Education Group International generated -$2.9 million of cash from operating activities in fiscal 2025.
How much does Elite Education Group International spend on capital expenditures?
Elite Education Group International spent $0.3 million on capital expenditures in fiscal 2025, 3.3% of revenue, compared with $0.0 million the year before.