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
Last close
2.73
2026-10-23
Market cap
$76.7M
2026-06-30 share count
52-week range
2.48 - 7.34
Valuation FY2025 figures against the last close
P/S78.7x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-8.12
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 | 38,725 | 240 | 105,275 | 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.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | $448.8K | $4.5M | $3.3M | $4.0M | $975.0K |
| Gross profit | — | — | -$10.1M | -$8.9M | -$8.1M | -$14.0M | -$362.6K |
| Net income | — | — | -$40.1M | -$34.2M | -$45.1M | -$45.5M | -$150.1M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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