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EMPD

Empery Digital Inc.

EMPD

Empery Digital Inc. • NASDAQ
$5.40 ▲ 4.25% (+0.22)
Market Cap $196.81 M
52w High $80.80
52w Low $4.40
Dividend Yield 0%
P/E 0.02
Volume 419.94K
Outstanding Shares 36.45M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $198.301K ▼ $34.388M ▲ $-34.555M ▼ -17.426K% ▼ $-0.96 ▲ $-33.976M ▼
Q2-2025 $702.936K ▼ $3.723M ▲ $-3.9M ▼ -554.801% ▼ $-60.56 ▼ $-3.6M ▼
Q1-2025 $736.049K ▼ $2.461M ▼ $-2.46M ▲ -334.275% ▲ $-7.28 ▼ $-2.227M ▲
Q4-2024 $986.916K ▼ $2.954M ▲ $-5.217M ▲ -528.654% ▲ $0 ▲ $-4.989M ▲
Q3-2024 $1.076M $2.916M $-13.638M -1.268K% $-191.44 $-13.383M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $20.848M ▲ $492.261M ▲ $54.62M ▲ $437.641M ▲
Q2-2025 $13.8M ▼ $17.937M ▼ $4.117M ▼ $13.82M ▼
Q1-2025 $17.567M ▲ $21.729M ▲ $4.99M ▼ $16.739M ▲
Q4-2024 $2.194M ▼ $6.227M ▼ $6.186M ▲ $40.761K ▼
Q3-2024 $5.808M $10.007M $4.948M $5.058M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-34.555M ▼ $-7.624M ▼ $-451.625M ▼ $466.276M ▲ $7.027M ▲ $-459.259M ▼
Q2-2025 $-3.9M ▼ $-3.659M ▼ $-2.003M ▼ $-111.812K ▼ $-5.774M ▼ $-3.662M ▲
Q1-2025 $-2.46M ▲ $-3.572M ▲ $-201.841K ▼ $19.147M ▲ $15.373M ▲ $-3.774M ▲
Q4-2024 $-5.217M ▲ $-3.766M ▲ $-31.668K ▼ $183.159K ▼ $-3.614M ▼ $-3.801M ▲
Q3-2024 $-13.638M $-4.074M $-16.106K $7.845M $3.755M $-4.095M

Five-Year Company Overview

Income Statement

Income Statement The company has effectively no operating revenue yet, but it runs ongoing costs, so it has been losing money every year. Losses are small in absolute terms but large relative to the company’s tiny size, and the per‑share loss figures are distorted by its capital structure and past changes in share count. Overall, this looks like an early-stage or transition-stage business still searching for a sustainable source of income, whether from vehicles, Bitcoin activities, or both.

Balance Sheet

Balance Sheet The balance sheet is very thin, with only a modest pool of assets and cash and limited shock-absorbing capacity. Equity has swung around and even dipped negative, which signals financial fragility and a history of losses outpacing capital raised. Debt has appeared and then been reduced, but given how small the asset base is, any new borrowing or dilution would be quite impactful. Going forward, the balance sheet will likely be dominated by the value of its Bitcoin holdings, which could move sharply up or down over time.

Cash Flow

Cash Flow Cash is consistently flowing out of the business rather than in. Operating cash flow has been negative every year, and with no meaningful capital spending, this means the company is mainly funding overhead, development, and its strategic pivot through external financing. Free cash flow is also negative, so the company remains dependent on raising new capital or selling assets to keep going. The margin for error is slim unless cash inflows from operations or financing improve materially.

Competitive Edge

Competitive Edge On the electric powersports side, the company has an early-mover position in a small but interesting niche: quiet, electric off-road vehicles. This brings some brand recognition and product differentiation but also pits the firm against much larger, better-funded powersports and EV manufacturers once the niche attracts attention. On the Bitcoin side, the company differentiates itself as a listed, actively managed Bitcoin aggregator with a focus on transparency and capital efficiency. However, that strategy is easy for others to copy, heavily exposed to Bitcoin’s volatility and regulation, and depends on management’s skill at timing capital raises and buybacks. The combined story is unusual and attention-grabbing, but the competitive advantages in each leg still look relatively young and unproven.

Innovation and R&D

Innovation and R&D The electric vehicle division shows real product innovation: near-silent, high-torque off-road bikes and UTVs, plus a visible pipeline of new models. The challenge is turning that engineering work into consistent sales and margins, which typically requires significant marketing, dealer networks, and support infrastructure that are not yet evident in the numbers. On the Bitcoin side, the “innovation” is more financial than technological: using the public company structure to aggregate Bitcoin, provide institutional custody, and actively manage capital around net asset value. That approach could be powerful if executed well, but it relies less on traditional R&D and more on financial strategy, risk management, and navigating shifting crypto regulations.

Summary

Empery Digital is an unconventional, high-risk story built on two pillars: a small, loss-making electric powersports business and an aggressive pivot toward being a public Bitcoin treasury vehicle. Financially, it is still pre-revenue, burns cash, and operates with a very slim balance sheet, so access to external capital is critical. Strategically, it has some early-mover advantages in electric off-road vehicles and a distinctive, transparent approach to Bitcoin aggregation, but both sides of the business remain in early stages and face stiff competition and volatility. The company’s future will hinge on four things: its ability to secure funding, successfully commercialize its vehicle lineup, manage Bitcoin risk and regulation, and maintain investor confidence through clear execution and communication. This combination offers meaningful upside potential if everything goes right, but also considerable uncertainty and downside if key assumptions do not play out.

NEWS

November 24, 2025 · 8:30 AM UTC

Empery Digital Announces Update on Share Repurchase Program

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November 17, 2025 · 8:30 AM UTC

Empery Digital Announces Update on Share Repurchase Program

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November 11, 2025 · 8:30 AM UTC

Empery Digital Reports Operational Highlights and Third Quarter 2025 Financial Results

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November 3, 2025 · 8:30 AM UTC

Empery Digital Announces Update on Share Repurchase Program

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October 27, 2025 · 8:30 AM UTC

Empery Digital Announces Update on Share Repurchase Program

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