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Empery Digital Inc.

EMPD·NASDAQ

$3.61

-1.5%
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.

At a Glance

Live Snapshot
Market Cap$101.48M
EPS-8.1200
P/E Ratio-0.44
Earnings Date08/11/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -0.4).

Valuation inputs: P/E -0.4, earnings yield N/A, momentum -1.5%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -55.7%, ROIC -8.0%).

Profitability stack: net margin -153.9%, ROE -55.7%, ROIC -8.0%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +27.8%, momentum -1.5%, net margin -153.9%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Empery Digital Inc. Market vs Earnings Trajectory

EMPD · NASDAQ

Loading price and EPS data...

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Empery Digital Inc. Fair Value Envelope

EMPD · NASDAQ

Our analysis suggests that EMPD has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $3.61, this represents a potential HIDDEN relative to our calculated worth for Empery Digital Inc..

Intrinsic Value
Current Price: $3.61
3Y-100.0%
5Y-100.0%
10Y-100.0%
3Y-79.0%
5Y+117.0%
10Y+117.0%
3Y+338.0%
5Y+274.0%
10Y+274.0%
3Y-47.0%
5Y-26.0%
10Y-26.0%
3Y-48.0%
5Y-28.0%
10Y-28.0%
3Y+1540.0%
5Y+2449.0%
10Y+2449.0%
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Empery Digital Inc. Profit Bridge

EMPD · NASDAQ
Revenue974.98K
Cost of Goods Sold (1.39M)
Gross Profit-412.48K
Operating Expenses (30.41M)
Operating Income-30.82M
Interest Expense (2.25M)
Other Income/Expense-123.13M
Pretax Income-153.95M
Income Tax (-5.38M)
Net Income-150.05M
Net Income
-150.05M

Profitability Analysis

Gross Margin

-42.3%

Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.

Operating Margin

-3161.2%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-15390.4%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

-42.31%
Gross Profit Margin
-88%
3Y-78.0%
5Y-98.0%
10Y-98.0%
-3161.23%
Operating Profit Margin
372%
3Y+348.0%
5Y-64.0%
10Y-64.0%
-15390.36%
Net Profit Margin
1265%
3Y+1944.0%
5Y+72.0%
10Y+72.0%
-55.74%
Return on Equity
-100%
3Y-99.0%
5Y-91.0%
10Y-91.0%
-40.26%
Return on Assets
-94%
3Y-73.0%
5Y-85.0%
10Y-85.0%
-8.03%
Return on Invested Capital
-99%
3Y-95.0%
5Y-98.0%
10Y-98.0%
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Empery Digital Inc. Cash Conversion Engine

EMPD · NASDAQ
Net Income-148.57M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital-4.10M
Others134.82M
Capital Expenditures-204.93K
Free Cash Flow-18.05M

Cash Flow Quality Analysis

FCF Conversion Rate

12.2%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

-1.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-10.4%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

-$4.10M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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Empery Digital Inc. Funding & Solvency Profile

EMPD · NASDAQ
Cash & Cash Equivalents5.70M
Net Receivables63.32K
Inventory396.59K
Other Current Assets6.68M
Total Current Assets13 M
Property, Plant & Equipment954.64K
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets204.03M
Total Non-Current Assets205 M
Total Assets
217.82M

Financial Health Analysis

Current Ratio

2.03x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.31x

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

Working Capital

7 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

6% Current

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

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Empery Digital Inc. Street Expectations Map

EMPD · NASDAQ

No Target Data

No analyst price targets available for empd.

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Empery Digital Inc. Insider Positioning

EMPD · NASDAQ

During the last 12 months, insiders have purchased $10.70M worth of EMPD shares, with no selling activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

2.2M

10.70M

Sold

0

0.00

Net Activity

+10.7M

+$10.70M

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
ACML

Atg Capital Management Lp

10 Percent Owner

1.1M shares5 transactions

$5.35M

2
ACOFL

Atg Capital Opportunities Fund Lp

10 Percent Owner

1.1M shares5 transactions

$5.35M

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $10.70M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

∞:1

Perfect buy/sell ratio. Only buying activity with zero selling—the most bullish possible insider signal.

Insider Participation

High Buying

2 insider buyers vs. 0 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.

No Dividend Yield Data

EMPD has not reported any dividend yield values in the available annual periods.

 

empd Dividend History

EMPD
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%