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EMPDEmpery Digital Inc.
$4.00$112M
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EMPD logoEmpery Digital Inc.(EMPD)Earnings, Financials & Key Ratios

EMPD•NASDAQ
$4.00
Price updated Jul 7, 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$975K-75.9%
  • EBITDA-$30M-14.7%
  • Net Income-$150M-229.7%
  • EPS (Diluted)-8.12+99.3%
  • Gross Margin-42.31%+87.9%
  • EBITDA Margin-3087.5%-374.8%
  • Operating Margin-3161.23%-372.4%
  • Net Margin-15390.36%-1265.3%
  • ROE-111.46%+99.9%

EMPD Price & Volume

Empery Digital Inc. (EMPD) stock price & volume — 10-year historical chart

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Speculative Treasury Pivot Masks Operational Revenue Collapse

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and capital exhaustion

Key Thesis Takeaways

  • Empery Digital is undergoing a high-risk transition from a failing powersports manufacturing business to a speculative Bitcoin treasury model that lacks sustainable operational revenue.
  • The firm's fundamental outlook is severely impaired by a -42.31% structural gross margin deficit and a persistent reliance on non-operating financial engineering to mask deep-seated losses.
  • Investors should remain cautious as the company's rapid depletion of cash reserves and massive accumulated deficit of $401.8 million suggest significant long-term insolvency risks.

Verdict Logic

the company's fundamental viability is undermined by a 75.85% revenue collapse and a persistent inability to generate positive operating cash flow, as highlighted by a 0.04 OCF/NI ratio in 2026Q1.

EMPD Growth Metrics

Empery Digital Inc. (EMPD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-40.15%
TTM-87.58%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-962.81%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM99.04%

Return on Capital

10 Years-640.7%
5 Years-640.7%
3 Years-692.97%
Last Year-19.17%

EMPD Recent Earnings

Empery Digital Inc. (EMPD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 1/7 qtrs (50%)●Beat Revenue 0/7 qtrs (0%)
Q2 2026Latest
May 8, 2026
Metric
Actual
Est
EPS
$0.10+0.0%
$0.10
Rev
$200,000+0.0%
$200,000
Q2 2026
Mar 27, 2026
Metric
Actual
Est
EPS
$0.61
$0.00
Rev
$662,309-431.2%
$200,000
Q4 2025
Nov 11, 2025
Metric
Actual
Est
EPS
$0.57
—
Rev
$198,301
—
Q3 2025
Aug 12, 2025
Metric
Actual
Est
EPS
$7.57
—
Rev
$702,936
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 8, 2026
$0.10vs $0.10+0.0%
$200,000vs $200,000+0.0%
Q2 2026Mar 27, 2026
$0.61vs $0.00
$662,309vs $200,000-431.2%
Q4 2025Nov 11, 2025
$0.57
$198,301
Q3 2025Aug 12, 2025
$7.57
$702,936
Based on last 7 quarters of dataView full earnings history →

Latest EMPD News

Recent stock market news and headlines for Empery Digital Inc. (EMPD)

Business Wire·1 day ago
Empery Digital Terminates Limited-Duration Shareholder Rights Plan

AUSTIN, Texas--(BUSINESS WIRE)-- #btc--Empery Digital Inc. (NASDAQ: EMPD) (the “Company” or “Empery Digital”) announced today that the Company's Board of Directors (the “Board”) approved an amendment to the Company's stockholder rights plan (the “rights plan”) to accelerate the expiration date to the close of business on July 6, 2026. The rights plan was scheduled to expire on February 2, 2027. In deciding to terminate the rights plan, the Board determined that maintaining the rights plan is no longer.

Business Wire·6 days ago
Empery Digital Provides Additional Information Regarding Capital Needs and Go-Forward Capital Allocation Strategy

AUSTIN, Texas--(BUSINESS WIRE)-- #btc--Empery Digital Inc. (NASDAQ: EMPD) (the “Company” or “Empery Digital”) today provided additional information regarding the capital needs associated with its investment in the Midwest facility to be converted into a state-of-the-art AI data center. Empery Digital's funding obligations are limited to the $65 million required to close its 25% ownership in the private entity that is acquiring the Midwest facility. Pursuant to the terms of the non-binding LOI, which o.

Business Wire·Jun 30, 2026
Empery Digital Announces a $65 Million Strategic Investment in Midwest 150 MW AI Data Center Property

AUSTIN, Texas--(BUSINESS WIRE)-- #btc--Empery Digital Inc. (NASDAQ: EMPD) (the “Company” or “Empery Digital”) today announced that it has entered into a definitive agreement for a $65 million investment (the “Investment”) representing a 25% ownership into a private entity that is acquiring a strategically located Midwest facility to be converted into a state-of-the-art AI data center. The facility has operated as a power-intensive industrial facility for the past three years and includes an owned subs.

Peers Comparison

Key metrics vs top competitors for Empery Digital Inc. (EMPD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
EMPD logoEMPDEmpery Digital Inc.Current
$4.00$112.44M-0.49-75.85%-15390.36%-111.46%—
MARA logoMARAMarathon Digital Holdings, Inc.
$12.05$4.59B-3.2738.2%-234.83%-51.65%—
RIOT logoRIOTRiot Platforms, Inc.
$21.17$8.03B-10.8671.89%-132.76%-28.78%—
CLSK logoCLSKCleanSpark, Inc.
$12.48$3.2B11.14102.21%-67.66%-29.93%—
CIFR logoCIFRCipher Mining Inc.
$20.47$8.31B-9.5248.04%-512.96%-115.53%—
IREN logoIRENIREN Limited
$39.82$14.21B102.09167.65%31.71%9.12%—

Compare EMPD vs Peers

Empery Digital Inc. (EMPD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MARA

Most directly comparable listed peer for EMPD.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare EMPD against a more recognizable public peer.

Peer Set

Compare Top 5

vs MARA, RIOT, CLSK, CIFR

EMPD SEC Filings & Documents

Empery Digital Inc. (EMPD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 23, 2026·SEC

Material company update

Feb 11, 2026·SEC

Material company update

Feb 9, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 27, 2026·SEC

FY 2025

Mar 31, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 8, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 12, 2025·SEC

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EMPD Frequently Asked Questions

Empery Digital Inc. (EMPD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Empery Digital Inc.'s revenue?

Empery Digital Inc. (EMPD) reported $0.5M in revenue for fiscal year 2025. This represents a 4% increase from $0.4M in 2021.

How fast is Empery Digital Inc. growing?

Empery Digital Inc. (EMPD) saw revenue decline by 75.9% over the past year.

Is EMPD profitable?

Empery Digital Inc. (EMPD) reported a net loss of $233.0M for fiscal year 2025.

Dividend & Returns
What is EMPD's return on equity?

Empery Digital Inc. (EMPD) has a return on equity (ROE) of -111.5%. Negative ROE indicates the company is unprofitable.

What is Empery Digital Inc.'s free cash flow?

Empery Digital Inc. (EMPD) had negative free cash flow of $469.4M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in EMPD back in 2021?

Total return calculator · dividends reinvested · 5+ years of data

See returns →