Empery Digital Inc.(EMPD)Earnings, Financials & Key Ratios
EMPD•NASDAQ
$5.14
$199041 mkt cap·Price updated May 6, 2026
SectorConsumer CyclicalIndustryRecreational VehiclesSub-IndustryEmerging Electric Mobility Platforms
AboutEmpery Digital Inc., previously known as Volcon, Inc., is based in Round Rock, Texas, and originally specialized in electric off-road vehicles such as e-bikes, utility vehicles, and golf carts. In July 2025, the company rebranded as Empery Digital to focus on bitcoin treasury strategy while maintaining its power sports business under the Empery Mobility brand.Show more
- Revenue$4M+23.8%
- EBITDA-$26M+10.0%
- Net Income-$46M-1.0%
- EPS (Diluted)-1175.20+99.6%
- Gross Margin-350.02%-40.4%
- EBITDA Margin-650.33%+27.3%
- Operating Margin-669.13%+26.8%
- Net Margin-1127.28%+18.4%
- ROE-111651.6%
- ROIC-1652.25%-358.4%
- Debt/Equity19.89
- Interest Coverage-41.97-600.0%
EMPD Key Insights
Empery Digital Inc. (EMPD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗High debt to equity ratio of 19.9x
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
EMPD Price & Volume
Empery Digital Inc. (EMPD) stock price & volume — 10-year historical chart
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EMPD Growth Metrics
Empery Digital Inc. (EMPD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years107.97%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-796.08%
5 Years-796.08%
3 Years-901%
Last Year-1699.32%
EMPD Recent Earnings
Empery Digital Inc. (EMPD) EPS & revenue vs analyst estimates — last 4 quarters
Q4 2025Latest
Nov 11, 2025EPS
$0.57
Revenue
$198,301
Q3 2025
Aug 12, 2025EPS
$7.57
Revenue
$702,936
Q2 2025
May 9, 2025EPS
$0.91
Revenue
$736,049
Q4 2024
Sep 30, 2024EPS
$191.46
Revenue
$1M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Nov 11, 2025 | $0.57 | $198,301 |
| Q3 2025 | Aug 12, 2025 | $7.57 | $702,936 |
| Q2 2025 | May 9, 2025 | $0.91 | $736,049 |
| Q4 2024 | Sep 30, 2024 | $191.46 | $1M |
Based on last 5 quarters of dataView full earnings history →
EMPD Peer Comparison
Empery Digital Inc. (EMPD) competitors in Emerging Electric Mobility Platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 RIOT | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 CLSK | 3.71B | 14.50 | 12.95 | 102.21% | -33.25% | -13.75% | 0.38 | |
 CIFR | 8.89B | 21.91 | -10.19 | 48.04% | -115.53% | 3.31 | ||
 IREN | 20.26B | 60.98 | 156.36 | 167.65% | -0.64% | 0.53 | ||
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 | ||
 BITF | 1.29B | 2.16 | -16.62 | 31.78% | -21.32% | 0.04 |
Compare EMPD vs Peers
Empery Digital Inc. (EMPD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EMPD Income Statement
Empery Digital Inc. (EMPD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 448.82K | 4.55M | 3.26M | 4.04M | 2.62M |
| Revenue Growth % | - | 913.03% | -28.28% | 23.8% | - |
| Cost of Goods Sold | 10.51M | 13.41M | 11.39M | 18.17M | 5.06M |
| COGS % of Revenue | 2341.13% | 295% | 349.31% | 450.02% | - |
| Gross Profit | -10.06M▲ 0% | -8.87M▲ 11.9% | -8.13M▲ 8.3% | -14.13M▼ 73.8% | -2.44M▲ 0% |
| Gross Margin % | -2241.13% | -195% | -249.31% | -350.02% | -92.94% |
| Gross Profit Growth % | - | 11.86% | 8.3% | -73.81% | - |
| Operating Expenses | 29.12M | 23.2M | 21.66M | 12.88M | 43.53M |
| OpEx % of Revenue | 6488.41% | 510.21% | 664.3% | 319.11% | - |
| Selling, General & Admin | 18.66M | 14.74M | 13.79M | 10.21M | 28.11M |
| SG&A % of Revenue | 4156.69% | 324.22% | 422.99% | 253.01% | - |
| Research & Development | 10.47M | 8.46M | 7.87M | 2.67M | 1.31M |
| R&D % of Revenue | 2331.72% | 185.99% | 241.31% | 66.09% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 1000K |
| Operating Income | -39.18M▲ 0% | -32.06M▲ 18.2% | -29.79M▲ 7.1% | -27.01M▲ 9.3% | -45.97M▲ 0% |
| Operating Margin % | -8729.54% | -705.21% | -913.61% | -669.13% | -1751.61% |
| Operating Income Growth % | - | 18.16% | 7.08% | 9.33% | - |
| EBITDA | -38.59M | -30.87M | -29.17M | -26.25M | -45.18M |
| EBITDA Margin % | -8599.06% | -678.96% | -894.63% | -650.33% | -1721.8% |
| EBITDA Growth % | - | 20.01% | 5.5% | 10.01% | - |
| D&A (Non-Cash Add-back) | 585.62K | 1.19M | 618.98K | 759.12K | 782.23K |
| EBIT | -40.03M | -31.98M | -40.1M | -44.87M | -45.57M |
| Net Interest Income | -91.24K | -2.26M | -4.97M | -643.72K | -317.1K |
| Interest Income | 0 | 0 | 0 | 0 | 241.43K |
| Interest Expense | 91.24K | 2.26M | 4.97M | 643.72K | 558.53K |
| Other Income/Expense | -945.26K | -2.17M | -15.28M | -18.5M | -167.14K |
| Pretax Income | -40.13M▲ 0% | -34.24M▲ 14.7% | -45.07M▼ 31.7% | -45.51M▼ 1.0% | -46.13M▲ 0% |
| Pretax Margin % | -8940.15% | -752.97% | -1382.13% | -1127.28% | -1757.98% |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | -40.13M▲ 0% | -34.24M▲ 14.7% | -45.07M▼ 31.7% | -45.51M▼ 1.0% | -46.13M▲ 0% |
| Net Margin % | -8940.15% | -752.97% | -1382.13% | -1127.28% | -1757.98% |
| Net Income Growth % | - | 14.68% | -31.65% | -0.97% | - |
| Net Income (Continuing) | -40.13M | -34.24M | -45.07M | -45.51M | -46.13M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -999999.00▲ 0% | -999999.00▲ 0.0% | -281695.07▲ 71.8% | -1175.20▲ 99.6% | -1.28▲ 0% |
| EPS Growth % | - | 36.01% | 86.83% | 99.58% | - |
| EPS (Basic) | -999999.00 | -999999.00 | -281695.07 | -1175.20 | - |
| Diluted Shares Outstanding | 12 | 16 | 160 | 38.72K | 36.13M |
| Basic Shares Outstanding | 12 | 16 | 160 | 38.72K | 36.13M |
| Dividend Payout Ratio | - | - | - | - | - |
EMPD Balance Sheet
Empery Digital Inc. (EMPD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 10.88M | 20.33M | 19.53M | 5.07M | 25.2M |
| Cash & Short-Term Investments | 5.57M | 10.99M | 7.98M | 2.19M | 20.85M |
| Cash Only | 5.57M | 10.99M | 7.98M | 2.19M | 18.82M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 2.03M |
| Accounts Receivable | 25.59K | 864.96K | 203.3K | 88.25K | 1.58M |
| Days Sales Outstanding | 20.81 | 69.44 | 22.76 | 7.98 | 68.58 |
| Inventory | 2.21M | 5.65M | 8.97M | 1.46M | 497.72K |
| Days Inventory Outstanding | 76.74 | 153.64 | 287.52 | 29.24 | 65.59 |
| Other Current Assets | 1.09M | 2.4M | 2.11M | 1.14M | 2M |
| Total Non-Current Assets | 3.74M | 2.4M | 2.59M | 1.16M | 467.06M |
| Property, Plant & Equipment | 2.99M | 2.11M | 2.39M | 945.37K | 1.33M |
| Fixed Asset Turnover | 0.15x | 2.16x | 1.36x | 4.27x | 2.35x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 18.05K | 5.81K | 0 | 15.7K | 334.72M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 732.81K | 285.04K | 199.28K | 199.28K | 131.68M |
| Total Assets | 14.62M▲ 0% | 22.73M▲ 55.4% | 22.13M▼ 2.6% | 6.23M▼ 71.9% | 492.26M▲ 0% |
| Asset Turnover | 0.03x | 0.20x | 0.15x | 0.65x | 0.02x |
| Asset Growth % | - | 55.4% | -2.64% | -71.86% | 4832.97% |
| Total Current Liabilities | 6.48M | 20.9M | 40.91M | 4.64M | 54.11M |
| Accounts Payable | 1.45M | 1.04M | 831.18K | 385.33K | 962.25K |
| Days Payables Outstanding | 50.51 | 28.21 | 26.63 | 7.74 | 31.73 |
| Short-Term Debt | 17.2K | 17.37M | 30.16M | 7.18K | 49.86M |
| Deferred Revenue (Current) | 2.28M | 23.47K | 417.49K | 216.52K | 297.18K |
| Other Current Liabilities | 0 | 0 | 5.97M | 2.2M | 1.81M |
| Current Ratio | 1.68x | 0.97x | 0.48x | 1.09x | 1.09x |
| Quick Ratio | 1.34x | 0.70x | 0.26x | 0.78x | 0.78x |
| Cash Conversion Cycle | 47.03 | 194.87 | 283.65 | 29.48 | 102.44 |
| Total Non-Current Liabilities | 1.84M | 1.19M | 844.31K | 1.55M | 512.26K |
| Long-Term Debt | 68.78K | 50.12K | 69.14K | 28.53K | 22.58K |
| Capital Lease Obligations | 1.77M | 1.14M | 775.17K | 331.22K | 1.12M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 1.19M | 2.29M |
| Total Liabilities | 8.32M | 22.09M | 41.76M | 6.19M | 54.62M |
| Total Debt | 2.31M | 18.96M | 31.41M | 810.89K | 50.89M |
| Net Debt | -3.26M | 7.97M | 23.43M | -1.38M | 32.07M |
| Debt / Equity | 0.37x | 29.85x | - | 19.89x | 19.89x |
| Debt / EBITDA | - | - | - | - | -1.13x |
| Net Debt / EBITDA | - | - | - | - | -0.71x |
| Interest Coverage | -429.42x | -14.19x | -6.00x | -41.97x | -81.60x |
| Total Equity | 6.3M▲ 0% | 635.01K▼ 89.9% | -19.63M▼ 3191.4% | 40.76K▲ 100.2% | 437.64M▲ 0% |
| Equity Growth % | - | -89.93% | -3191.44% | 100.21% | 8627.06% |
| Book Value per Share | 525354.08 | 39688.31 | -122693.88 | 1.05 | 12.11 |
| Total Shareholders' Equity | 6.3M | 635.01K | -19.63M | 40.76K | 437.64M |
| Common Stock | 128 | 0 | 0 | 7 | 475 |
| Retained Earnings | -41.5M | -75.73M | -120.81M | -166.32M | -207.23M |
| Treasury Stock | 0 | 0 | 0 | 0 | -39.41M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
EMPD Cash Flow Statement
Empery Digital Inc. (EMPD) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -24.16M | -33.65M | -29.57M | -16.04M | -16.04M |
| Operating CF Margin % | -5383.13% | -740.04% | -906.72% | -397.25% | - |
| Operating CF Growth % | - | -39.27% | 12.12% | 45.76% | -87.21% |
| Net Income | -40.13M | -34.24M | -45.07M | -45.51M | -46.13M |
| Depreciation & Amortization | 585.62K | 1.19M | 618.98K | 759.12K | 782.23K |
| Stock-Based Compensation | 14.63M | 3.26M | 2.63M | 310.96K | 14.87M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 6.49M | 4.56M | 18.31M | 28.6M | 14.86M |
| Working Capital Changes | -5.74M | -8.42M | -6.05M | -198.25K | -3M |
| Change in Receivables | -25.59K | -839.37K | 555.97K | 85.5K | -1.3M |
| Change in Inventory | -4.16M | -5.13M | -7.61M | -933.84K | 408.31K |
| Change in Payables | 1.37M | -417.48K | -205.44K | -445.86K | 706.68K |
| Cash from Investing | -838.03K | -799.41K | -860.72K | -230.31K | -453.86M |
| Capital Expenditures | -824.9K | -799.41K | -949.72K | -312.09K | -240.59K |
| CapEx % of Revenue | 183.79% | 17.58% | 29.12% | 7.73% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | -13.13K | 0 | 89K | 81.78K | -453.62M |
| Cash from Financing | 30.03M | 40.41M | 27.08M | 10.37M | 485.49M |
| Debt Issued (Net) | -909.16K | 15.11M | 3.83M | -735.02K | 49.65M |
| Equity Issued (Net) | 28.73M | 18.09M | 4.83M | 10.97M | 434.06M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -39.41M |
| Other Financing | 2.21M | 7.22M | 18.43M | 134.02K | 1.78M |
| Net Change in Cash | 5.04M▲ 0% | 5.97M▲ 18.5% | -3.34M▼ 156.1% | -5.89M▼ 76.3% | 13.01M▲ 0% |
| Free Cash Flow | -25M▲ 0% | -34.45M▼ 37.8% | -30.52M▲ 11.4% | -16.35M▲ 46.4% | -470.5M▲ 0% |
| FCF Margin % | -5569.85% | -757.62% | -935.85% | -404.98% | -17929.11% |
| FCF Growth % | - | -37.79% | 11.41% | 46.43% | - |
| FCF per Share | -999999.00 | -999999.00 | -190736.34 | -422.21 | -422.21 |
| FCF Conversion (FCF/Net Income) | 0.60x | 0.98x | 0.66x | 0.35x | 10.20x |
| Interest Paid | 23.05K | 6.48K | 15.94K | 88.71K | 489.75K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
EMPD Key Ratios
Empery Digital Inc. (EMPD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | -986.72% | - | -111651.6% | -39.41% |
| Return on Invested Capital (ROIC) | -412.95% | -360.41% | -1652.25% | -1652.25% |
| Gross Margin | -195% | -249.31% | -350.02% | -92.94% |
| Net Margin | -752.97% | -1382.13% | -1127.28% | -1757.98% |
| Debt / Equity | 29.85x | - | 19.89x | 19.89x |
| Interest Coverage | -14.19x | -6.00x | -41.97x | -81.60x |
| FCF Conversion | 0.98x | 0.66x | 0.35x | 10.20x |
| Revenue Growth | 913.03% | -28.28% | 23.8% | - |
EMPD Frequently Asked Questions
Empery Digital Inc. (EMPD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Empery Digital Inc. (EMPD) reported $2.6M in revenue for fiscal year 2024. This represents a 485% increase from $0.4M in 2021.
Empery Digital Inc. (EMPD) grew revenue by 23.8% over the past year. This is strong growth.
Empery Digital Inc. (EMPD) reported a net loss of $46.1M for fiscal year 2024.
Dividend & Returns
Empery Digital Inc. (EMPD) has a return on equity (ROE) of -111651.6%. Negative ROE indicates the company is unprofitable.
Empery Digital Inc. (EMPD) had negative free cash flow of $470.5M in fiscal year 2024, likely due to heavy capital investments.
Explore More EMPD
Empery Digital Inc. (EMPD) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates