EMPD - NASDAQ

Empery Digital Inc.

EMPD·NASDAQ

$3.47

-5.3%

Consumer CyclicalAuto - Recreational Vehicles

Empery 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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$97.54M

EPS-8.1200

P/E Ratio-0.43

Earnings Date08/11/2026

372.75M

Assets

5887%

3Y+1540.0%

5Y+2449.0%

10Y+2449.0%

103.54M

Total Liabilities

1574%

3Y+369.0%

5Y+1144.0%

10Y+1144.0%

269.21M

Total Equity

660370%

3Y+42295.0%

5Y+4170.0%

10Y+4170.0%

Empery Digital Inc. Funding & Solvency Profile

EMPD · NASDAQ

Current Assets

Cash & Cash Equivalents9.07M

Net Receivables312.11K

Inventory346.18K

Other Current Assets2.48M

Total Current Assets14 M

Non-Current Assets

Property, Plant & Equipment1.01M

Goodwill & Intangible Assets36.91K

Long-Term Investments356.98M

Other Non-Current Assets155.06K

Total Non-Current Assets358 M

Total Assets

372.75M

Financial Health Analysis

Current Ratio

0.27x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

0.38x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

-38528803

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

4% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Conservative with tight liquidity: Low debt is positive, but current ratio warrants attention. Consider whether the company is efficiently deploying its equity capital.

Empery Digital Inc. Balance Sheet

EMPD • NASDAQ

Empery Digital Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	9.1M	2.2M	8M	11M	5.6M
Short-Term Investments	2M	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	11.1M	2.2M	8M	11M	5.6M
Net Receivables	312.1K	88.2K	203.3K	865K	25.6K
Accounts Receivables	0.0	88.2K	203.3K	865K	25.6K
Other Receivables	312.1K	0.0	0.0	0.0	0.0
Inventory	346.2K	1.5M	9M	5.6M	2.2M
Prepaids	0.0	191.2K	258.3K	427.7K	2M
Other Current Assets	2.5M	1.1M	2.1M	2.4M	1.1M
Total Current Assets	14.3M	5.1M	19.5M	20.3M	10.9M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	1M	945.4K	2.4M	2.1M	3M
Intangible Assets	36.9K	15.7K	0.0	5.8K	18.1K
Goodwill & Intangible Assets	36.9K	15.7K	0.0	5.8K	18.1K
Long-Term Investments	357M	0.0	0.0	0.0	0.0
Tax Assets	317.3K	0.0	0.0	0.0	0.0
Other Non-Current Assets	155.1K	199.3K	199.3K	285K	732.8K
Total Non-Current Assets	358.5M	1.2M	2.6M	2.4M	3.7M
Total Assets	372.8M	6.2M	22.1M	22.7M	14.6M
LIABILITIES
CURRENT LIABILITIES
Total Payables	745.5K	385.3K	831.2K	1M	1.5M
Accounts Payable	745.5K	385.3K	831.2K	1M	1.5M
Accrued Expenses	0.0	1.4M	3.1M	2.1M	2.3M
Short Term Debt	50.2M	7.2K	30.2M	17.4M	17.2K
Capital Lease Obligations (Current)	0.0	444K	399.6K	391.1K	456.2K
Deferred Revenue	0.0	216.5K	417.5K	23.5K	2.3M
Other Current Liabilities	1.8M	2.2M	6M	0.0	0.0
Total Current Liabilities	52.8M	4.6M	40.9M	20.9M	6.5M
NON-CURRENT LIABILITIES
Long Term Debt	0.0	28.5K	69.1K	50.1K	68.8K
Deferred Tax Liabilities (Non-Current)	317.3K	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	50M	1.2M	0.0	0.0	0.0
Total Non-Current Liabilities	50.8M	1.5M	844.3K	1.2M	1.8M
Capital Lease Obligations	471.7K	775.2K	1.2M	1.5M	2.2M
Total Liabilities	103.5M	6.2M	41.8M	22.1M	8.3M
SHAREHOLDERS' EQUITY
Common Stock	0.0	7.0	0.0	0.0	128.0
Additional Paid-In Capital	0.0	166.4M	101.2M	76.4M	47.8M
Retained Earnings	-316.4M	-166.3M	-120.8M	-75.7M	-41.5M
Other Total Stockholders' Equity	585.6M	0.0	0.0	0.0	0.0
Total Stockholders' Equity	269.2M	40.8K	-19.6M	635K	6.3M
Total Equity	269.2M	40.8K	-19.6M	635K	6.3M
SUMMARY
Total Liabilities & Equity	372.8M	6.2M	22.1M	22.7M	14.6M
Total Investments	359M	0.0	0.0	0.0	0.0
Total Debt	50.7M	810.9K	31.4M	19M	2.3M
Net Debt	41.6M	-1.4M	23.4M	8M	-3.3M
Shares Outstanding	47,423,061	47,423,061	47,423,061	47,423,061	47,423,061

SEC Filings

EMPD - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 03, 2026	June 02, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 08, 2026	March 31, 2026	2026	View Filing
10-K/A 10-K/A 2025 FY (Amended) FY	April 21, 2026	December 31, 2025	2025	View Filing
10-K 10-K 2025 FY FY	March 27, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 23, 2026	March 20, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 11, 2026	February 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 09, 2026	February 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 03, 2026	February 02, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 02, 2026	January 30, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 08, 2025	December 03, 2025	2025	View Filing

Showing 1 to 10 of 169 filings

Related Guides

Blog Categories

Continue your EMPD research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.