FY2025 I-526E Data Report: Record Filings, Surging Adjudications, High Approval Rates, and Evolving Investor Market Trends

Earlier this week, USCIS published the quarterly statistics for the fourth quarter of FY2025, including the latest data on pre-RIA I-526 cases as well as post-RIA I-526E (regional center EB-5 investors) and I-526 (direct EB-5 investors) petitions. Key takeaways from our analysis of the full-year FY2025 data include:

• Record Filings and Adjudications: FY2025 set a new high, with 6,660 case filings and 3,439 adjudications. Since the enactment of the RIA, it’s estimated that 14,500 petitions have been filed, while approximately 4,300 I-526E petitions have been approved. Overall, EB-5 investment inflow reached an estimated $5.3 billion in FY2025, bringing total post-RIA capital formation to nearly $12 billion and highlighting the EB-5 Program’s continued economic impact.

• I-526E Approvals Continue to Surge: USCIS approved more than 1,300 I-526E petitions in Q4 FY2025, representing a 30% increase from Q3, when approvals had already reached a post-RIA quarterly record.

• Growth Across Key Markets: Chinese and Indian investors account for 73% of total post-RIA filings, with rural projects representing 57% of these petitions. HUA projects continue to dominate other investor markets outside China and India. Furthermore, demand from Indian and Korean investors experienced triple-digit increase in FY2025, while growth from Vietnam and China remained strong and steady.

• Post-RIA Approval Rates: I-526E approval rates remain consistently high (94%) in FY2025, while direct EB-5 (I-526) approval rates dropped to 41%.

See the full data report (members-only) for a detailed analysis of the latest trends of I-526E and I-526 petitions, including case filings and adjudications, EB-5 capital formation, filings by country, market-specific EB-5 project preferences, approval rates, and case backlog.