Revenue has experienced a 75.85% year-over-year decline, while the company continues to struggle with a structurally negative gross margin of -42.31% that renders its manufacturing model unviable.
| Sales/Revenue | 464.63K | 974.98K | 4.04M | 3.26M | 4.55M | 448.82K |
| Revenue Growth % | -87.58% | -75.85% | 23.8% | -28.28% | 913.03% | - |
| Cost of Goods Sold | 768.7K | 1.39M | 18.17M | 11.39M | 13.41M | 10.51M |
| COGS % of Revenue | - | 142.31% | 450.02% | 349.31% | 295% | 2341.13% |
| Gross Profit | -304.07K | -412.48K | -14.13M | -8.13M | -8.87M | -10.06M |
| Gross Margin % | -65.44% | -42.31% | -350.02% | -249.31% | -195% | -2241.13% |
| Gross Profit Growth % | - | 97.08% | -73.81% | 8.3% | 11.86% | - |
| Operating Expenses | 32.97M | 30.41M | 12.88M | 21.66M | 23.2M | 29.12M |
| OpEx % of Revenue | - | 3118.92% | 319.11% | 664.3% | 510.21% | 6488.41% |
| Selling, General & Admin | 32.88M | 30.06M | 10.21M | 13.79M | 14.74M | 18.66M |
| SG&A % of Revenue | - | 3083.16% | 253.01% | 422.99% | 324.22% | 4156.69% |
| Research & Development | -263.58K | 348.74K | 2.67M | 7.87M | 8.46M | 10.47M |
| R&D % of Revenue | - | 35.77% | 66.09% | 241.31% | 185.99% | 2331.72% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -33.27M | -30.82M | -27.01M | -29.79M | -32.06M | -39.18M |
| Operating Margin % | -7160.99% | -3161.23% | -669.13% | -913.61% | -705.21% | -8729.54% |
| Operating Income Growth % | - | -14.09% | 9.33% | 7.08% | 18.16% | - |
| EBITDA | -33.3M | -30.1M | -26.25M | -29.17M | -30.87M | -38.59M |
| EBITDA Margin % | -7166.52% | -3087.5% | -650.33% | -894.63% | -678.96% | -8599.06% |
| EBITDA Growth % | -35.54% | -14.65% | 10.01% | 5.5% | 20.01% | - |
| D&A (Non-Cash Add-back) | -25.7K | 718.87K | 759.12K | 618.98K | 1.19M | 585.62K |
| EBIT | -33.41M | -30.82M | -44.87M | -40.1M | -31.98M | -40.03M |
| Net Interest Income | -4.23M | -1.96M | -643.72K | -4.97M | -2.26M | -91.24K |
| Interest Income | -10.23K | 292.62K | 0 | 0 | 0 | 0 |
| Interest Expense | 4.22M | 2.25M | 643.72K | 4.97M | 2.26M | 91.24K |
| Other Income/Expense | -203.63M | -123.13M | -18.5M | -15.28M | -2.17M | -945.26K |
| Pretax Income | -236.9M | -153.95M | -45.51M | -45.07M | -34.24M | -40.13M |
| Pretax Margin % | -50986.36% | -15790.61% | -1127.28% | -1382.13% | -752.97% | -8940.15% |
| Income Tax | -5.38M | -5.38M | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 2.27% | 3.5% | 0% | 0% | 0% | 0% |
| Net Income | -233M | -150.05M | -45.51M | -45.07M | -34.24M | -40.13M |
| Net Margin % | -50146.48% | -15390.36% | -1127.28% | -1382.13% | -752.97% | -8940.15% |
| Net Income Growth % | -962.81% | -229.71% | -0.97% | -31.65% | 14.68% | - |
| Net Income (Continuing) | -231.51M | -148.57M | -45.51M | -45.07M | -34.24M | -40.13M |
| Discontinued Operations | 0 | -1.48M | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -7.06 | -8.12 | -1175.20 | -281695.07 | -999999.00 | -999999.00 |
| EPS Growth % | 99.04% | 99.31% | 99.58% | 86.83% | 36.01% | - |
| EPS (Basic) | - | -8.12 | -1175.20 | -281695.07 | -999999.00 | -999999.00 |
| Diluted Shares Outstanding | 33.02M | 18.48M | 38.72K | 160 | 16 | 12 |
| Basic Shares Outstanding | 33.02M | 18.48M | 38.72K | 160 | 16 | 12 |
| Dividend Payout Ratio | - | - | - | - | - | - |
Liquidity and Operational Viability
As reported in recent financial filings, Empery Digital experienced a 75.85% year-over-year revenue decline, reflecting the rapid erosion of its legacy powersports business and a fundamental shift toward a speculative Bitcoin treasury strategy that lacks established operational revenue streams to replace the lost manufacturing volume.
The precipitous drop in top-line performance suggests that the company's core mobility segment is no longer a viable engine for growth. Investors should monitor whether the transition to a digital asset focus is a strategic evolution or a reactive measure to mask the terminal decline of its primary automotive operations.
Based on the company's reported figures, Empery Digital maintains a structurally negative gross margin of -42.31%, indicating that the cost of production consistently exceeds the market value of its recreational vehicles, rendering the current manufacturing model fundamentally incapable of generating sustainable gross profit at existing scale.
This persistent margin compression implies that the company lacks the manufacturing scale or pricing power necessary to compete with established industry incumbents. The inability to achieve positive gross margins suggests that the business model may be fundamentally broken, necessitating a complete restructuring of its cost base.
According to the income statement data, the company's operating margin of -3161.23% highlights a severe misalignment between corporate overhead and revenue generation, suggesting that current SG&A expenses are vastly disproportionate to the firm's ability to produce value through its legacy powersports or new digital asset segments.
The extreme disparity between operating expenses and revenue indicates that the company is burning through its $9 million cash position at an unsustainable rate. Without immediate and radical expense discipline, the current cost structure appears to pose an existential threat to the company's ongoing liquidity.
As indicated by the provided financial statements, the company's net income figures are heavily distorted by non-operating items and significant stock-based compensation, which complicates the assessment of true operational performance and obscures the underlying reality of the firm's persistent and deep-seated net losses.
The presence of large, non-recurring charges and stock-based compensation suggests that reported earnings are not reflective of core business health. Investors should be wary of these accounting anomalies, as they may be used to distract from the lack of a clear path toward positive cash flow.
Based on an analysis of the company's current trajectory, short-sellers would likely focus on the high probability of capital exhaustion, as the firm's pivot to Bitcoin treasury management appears to be a high-risk attempt to preserve a public listing rather than a sustainable business model.
The reliance on digital asset appreciation to offset operational losses is a precarious strategy that leaves the company vulnerable to both crypto-market volatility and the rapid depletion of its remaining cash reserves. This approach warrants further investigation into whether the company possesses the necessary liquidity to survive a prolonged downturn.
Quick answers to the most common questions about buying EMPD stock.
For fiscal year 2025, Empery Digital Inc. (EMPD) reported total revenue of $1.0M. This represents a 117.2% increase compared to $0.4M in 2021.
Empery Digital Inc. (EMPD) reported a net loss of $150.1M for the fiscal year ending 2025.
Empery Digital Inc. (EMPD) reported an operating income of $-30.8M, resulting in an operating profit margin of -3161.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Empery Digital Inc. (EMPD) generated $-0.4M in gross profit for the year, representing a gross profit margin of -42.3%. This demonstrates the company's core pricing power and production efficiency.