Empery Digital Inc. EMPD
was renamed Volcon, Inc. on October 1, 2020. The Company was renamed Empery Digital Inc. on July 30, 2025, in connection with which the
Company changed its Nasdaq ticker symbol from VLCN to EMPD.
into securities purchase agreements with certain institutional and accredited investors in private placements for the purchase and sale
of 44,414,189 shares of common stock of the Company, par value $0.00001 per share and pre-funded warrants to purchase up to an aggregate
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $975.0K | $4.0M | $3.3M | $4.5M | $448.8K | — | — |
| Cost of revenue | $1.3M | $18.0M | $11.4M | $13.4M | $10.5M | — | — |
| Gross profit | -$362.6K | -$14.0M | -$8.1M | -$8.9M | -$10.1M | — | — |
| SG&A | $28.6M | $7.6M | $6.4M | $9.0M | $15.8M | — | — |
| Total operating expenses | $153.1M | $11.7M | $21.7M | $23.2M | $29.1M | — | — |
| Operating income | -$153.5M | -$25.7M | -$29.8M | -$32.1M | -$39.2M | — | — |
| Interest expense | $2.3M | $643.7K | $5.0M | $2.3M | $91.2K | — | — |
| Pre-tax income | -$154.0M | -$44.2M | -$45.1M | -$34.2M | -$40.1M | — | — |
| Income tax | $5.4M | $0 | $0 | $0 | $0 | — | — |
| Net income | -$150.1M | -$45.5M | -$45.1M | -$34.2M | -$40.1M | — | — |
| EPS, basic | -8.12 | -1,175.22 | -187,796.71 | -325.20 | -8.79 | — | — |
| EPS, diluted | -8.12 | -1,175.22 | -187,796.71 | -325.20 | -8.79 | — | — |
| Shares, diluted (wtd. avg.) | $18.5M | $38.7K | $240 | $105.3K | $4.6M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $9.0M | $2.2M | $8.2M | $11.5M | $5.6M | $536.1K | $0 |
| Receivables | $312.1K | $88.2K | $203.3K | $865.0K | $25.6K | $0 | — |
| Inventory | $330.6K | $1.5M | $9.0M | $5.6M | $2.2M | $0 | — |
| Total current assets | $14.3M | $5.1M | $19.5M | $20.3M | $10.9M | $638.9K | — |
| Property, plant and equipment | $234.7K | $206.1K | $1.3M | $601.8K | $809.7K | $305.3K | — |
| Other intangibles | $36.9K | $15.7K | $0 | $5.8K | $18.1K | $17.0K | — |
| Total assets | $372.4M | $6.2M | $22.1M | $22.7M | $14.6M | $1.9M | — |
| Accounts payable | $745.5K | $385.3K | $831.2K | $1.0M | $1.5M | $81.4K | — |
| Short-term debt | $49.9M | $0 | — | — | — | — | — |
| Total current liabilities | $52.8M | $4.6M | $40.9M | $20.9M | $6.5M | $2.3M | — |
| Long-term debt | $49.9M | $0 | $107.0K | $79.7K | $103.4K | — | — |
| Total liabilities | $103.2M | $6.2M | $41.8M | $22.1M | $8.3M | $3.0M | — |
| Retained earnings | -$201.8M | -$166.3M | -$120.8M | -$75.7M | -$41.5M | -$1.4M | — |
| Total equity | $269.2M | $40.8K | -$19.6M | $635.0K | $6.3M | -$1.1M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$17.8M | -$16.0M | -$29.6M | -$33.6M | -$24.2M | — | — |
| Depreciation and amortisation | $301.5K | $362.1K | $243.4K | $757.0K | $206.4K | — | — |
| Stock-based compensation | $17.8M | $311.0K | $2.6M | $3.3M | $14.6M | — | — |
| Capital expenditure | $204.9K | $312.1K | $949.7K | $799.4K | $824.9K | — | — |
| Investing cash flow | -$453.8M | -$230.3K | -$860.7K | -$799.4K | -$838.0K | — | — |
| Financing cash flow | $478.4M | $10.4M | $27.1M | $40.4M | $30.0M | — | — |
| Buybacks | $96.3M | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001683168-26-003108.
Others in SIC 6199
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| AXP | AMERICAN EXPRESS CO | $220.26B | 21.2x | 6.4% |
| MSTR | Strategy Inc | $50.34B | — | 3.0% |
| COIN | Coinbase Global, Inc. | $48.64B | 41.5x | 9.4% |
| SYF | Synchrony Financial | $26.00B | 8.6x | — |
| CRCL | Circle Internet Group, Inc. | $25.33B | — | 624.0% |
| SOFI | SoFi Technologies, Inc. | $23.53B | 46.7x | 23.1% |
| IREN | IREN Ltd | $15.97B | — | 41.1% |
| BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | $15.06B | 1.9x | 84.1% |