$3.47
-5.3%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.
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.
Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
EMPD • NASDAQ
| Empery Digital Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||
-148.6M | -45.5M | -45.1M | -34.2M | -40.1M | |
0.0 | 759.1K | 619K | 1.2M | 585.6K | |
0.0 | 311K | 2.6M | 3.3M | 14.6M | |
134.8M | 28.6M | 18.3M | 4.6M | 6.5M | |
-4.1M | -198.2K | -6.1M | -8.4M | -5.7M | |
-17.8M | -16M | -29.6M | -33.6M | -24.2M | |
INVESTING ACTIVITIES | |||||
-204.9K | -312.1K | -949.7K | -799.4K | -824.9K | |
(134.7K) | (0.0) | (0.0) | (0.0) | (0.0) | |
-453.7M | 81.8K | 89K | 0.0 | -13.1K | |
-453.8M | -230.3K | -860.7K | -799.4K | -838K | |
FINANCING ACTIVITIES | |||||
378.8M | 11M | 4.8M | 18.1M | 16.7M | |
99.6M | -735K | 3.8M | 15.1M | -909.2K | |
-96.3M | (0.0) | (0.0) | (0.0) | (0.0) | |
0.0 | 134K | 18.4M | 7.2M | 2.2M | |
478.4M | 10.4M | 27.1M | 40.4M | 30M | |
CASH FLOW SUMMARY | |||||
6.8M | -5.9M | -3.3M | 6M | 5M | |
2.3M | 8.2M | 11.5M | 5.6M | 536.1K | |
9.1M | 2.3M | 8.2M | 11.5M | 5.6M | |
-18.1M | -16.3M | -30.5M | -34.4M | -25M |
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 | |
10-Q 10-Q 2026 Q1 Q1 | May 08, 2026 | March 31, 2026 | 2026 | |
10-K/A 10-K/A 2025 FY (Amended) FY | April 21, 2026 | December 31, 2025 | 2025 | |
10-K 10-K 2025 FY FY | March 27, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 23, 2026 | March 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 11, 2026 | February 10, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 09, 2026 | February 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 03, 2026 | February 02, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 02, 2026 | January 30, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 08, 2025 | December 03, 2025 | 2025 |
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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