Empery Digital (EMPD) AI Stock Analysis

• Market Cap: $156.26M
• Dividend Yield: N/A
• Average Volume (3M): 931.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.00
• Revenue Growth: -36.52%
• EPS Growth: 99.81%
• Country: US
• Employees: 35
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -0.96
• Shares Outstanding: 36,423,862
• 10 Day Avg. Volume: 1,093,122
• 30 Day Avg. Volume: 931,923
• PEG Ratio: <0.01
• Price to Book (P/B): 12.89
• Price to Sales (P/S): 0.13
• P/FCF Ratio: -0.03
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: $4.50 ▲(4.90% Upside)

Empery Digital's overall stock score is primarily impacted by its poor financial performance and weak valuation. The company's ongoing losses and liquidity issues are significant concerns. Technical analysis indicates bearish momentum, further weighing down the score. While corporate events like share repurchases are positive, they are insufficient to offset the broader financial challenges.

Positive Factors

Share Repurchase Program

The share repurchase program indicates a commitment to enhancing shareholder value, potentially increasing earnings per share and demonstrating confidence in the company's future prospects.

Strategic Asset Reallocation

This strategic move allows Empery Digital to focus on core competencies, reduce liabilities, and potentially benefit from Venom's growth, aligning with long-term strategic goals.

Credit Facility for Financial Flexibility

The credit facility enhances financial flexibility, enabling strategic financial maneuvers to boost shareholder value and support long-term growth initiatives.

Negative Factors

Declining Revenue Growth

Declining revenue growth indicates challenges in market expansion and product adoption, potentially impacting long-term profitability and competitive positioning.

Liquidity Issues

Severe liquidity issues can constrain operational capabilities and limit strategic investments, posing significant risks to sustainable business operations.

Negative Profit Margins

Negative profit margins reflect ongoing losses and cost management challenges, which could hinder the company's ability to achieve financial stability and growth.

Empery Digital Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Empery Digital generates revenue through multiple streams. Key sources of income include digital marketing services, where the company charges clients for advertising solutions and analytics; software licensing, offering proprietary tools for businesses to manage their digital marketing efforts; and consulting services in blockchain technology, helping clients integrate and utilize blockchain solutions effectively. Additionally, Empery Digital has established partnerships with various tech firms and advertising networks, which facilitate collaborative projects and expand their market reach, further contributing to their revenue.

Empery Digital Financial Statement Overview

Summary

Empery Digital is facing significant financial difficulties across all verticals. The income statement shows persistent losses and declining revenues, the balance sheet reflects weak financial stability despite low leverage, and cash flow statements indicate severe liquidity issues. The company needs to address these challenges to improve its financial health.

Income Statement

Empery Digital's income statement reveals significant challenges, with negative margins across the board. The gross profit margin is deeply negative, indicating costs far exceed revenues. Net profit margin and EBIT margin are also negative, reflecting ongoing losses. Revenue growth is declining, suggesting difficulty in expanding sales. These factors highlight substantial profitability issues.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio, which is a positive sign of leverage management. However, the return on equity is negative, indicating the company is not generating returns on shareholders' investments. The equity ratio is low, suggesting limited financial stability. Overall, the balance sheet reflects a weak financial position with some leverage control.

Cash Flow

Cash flow analysis indicates severe issues, with negative operating and free cash flows. The free cash flow growth rate is misleadingly high due to prior negative values. The operating cash flow to net income ratio is negative, showing cash outflows exceed net losses. These metrics highlight liquidity problems and cash management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.62M	4.04M	3.26M	4.55M	448.82K	0.00
Gross Profit	-2.44M	-14.13M	-8.13M	-8.87M	-10.06M	-2.52K
EBITDA	-44.79M	-44.11M	-39.48M	-30.78M	-39.45M	-1.36M
Net Income	-46.13M	-45.51M	-45.07M	-34.24M	-40.13M	-1.37M
Balance Sheet
Total Assets	492.26M	6.23M	22.13M	22.73M	14.62M	1.85M
Cash, Cash Equivalents and Short-Term Investments	20.85M	2.19M	7.98M	10.99M	5.57M	536.08K
Total Debt	50.89M	810.89K	31.41M	18.96M	2.31M	824.56K
Total Liabilities	54.62M	6.19M	41.76M	22.09M	8.32M	3.00M
Stockholders Equity	437.64M	40.76K	-19.63M	635.01K	6.30M	-1.14M
Cash Flow
Free Cash Flow	-470.50M	-16.35M	-30.52M	-34.45M	-25.00M	-1.40M
Operating Cash Flow	-18.62M	-16.04M	-29.57M	-33.65M	-24.16M	-1.16M
Investing Cash Flow	-453.86M	-230.31K	-860.72K	-799.41K	-838.03K	-249.04K
Financing Cash Flow	485.49M	10.37M	27.08M	40.41M	30.03M	1.94M

Empery Digital Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EMPD, the sentiment is Negative. The current price of 4.29 is below the 20-day moving average (MA) of 4.73, below the 50-day MA of 5.72, and below the 200-day MA of 7.03, indicating a bearish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 36.72 is Neutral, neither overbought nor oversold. The STOCH value of 16.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EMPD.

Empery Digital Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
ONEW	50 Neutral	$177.01M	-1.44	-35.49%	―	5.62%	-1706.59%
EZGO	47 Neutral	$1.70M	-0.05	-7.28%	―	-1.08%	97.76%
VEEE	46 Neutral	$4.50M	-0.28	-59.55%	―	-34.70%	36.13%
VMAR	44 Neutral	$1.45M	>-0.01	―	―	-66.16%	78.81%
EMPD	40 Underperform	$156.26M	-0.05	-20.84%	―	-36.52%	99.81%
REE	39 Underperform	$21.75M	-0.11	―	―	―	―

Empery Digital Corporate Events

Empery Digital Announces Major Share Repurchase Program

On December 3, 2025, Karin-Joyce Tjon resigned from Empery Digital‘s Board of Directors, citing no disagreements with the company’s operations. Empery Digital announced on December 8, 2025, that it has repurchased over 13.7 million shares under its $150 million share repurchase program, funded by borrowings. The company aims to increase bitcoin per share and may use proceeds from bitcoin sales or derivative trading to finance further repurchases or repay debt, enhancing shareholder value.

Empery Digital Updates on Stock Repurchase Program

On October 20, 2025, Empery Digital Inc. updated its corporate presentation and issued a press release regarding its stock repurchase program. The company is actively working to increase its Bitcoin holdings and enhance shareholder value through strategic financial maneuvers, positioning itself as a significant player in the digital asset market.

Empery Digital Enters Asset Purchase Agreement with Venom

On October 15, 2025, Empery Digital Inc. entered into an Asset Purchase Agreement with Venom EV, LLC, transferring its power sports business intellectual property, including the Volcon brand, to Venom in exchange for a 10% equity stake. This strategic move allows Empery Digital to reduce product liability and focus on its two-wheel business, particularly expanding in European markets and homologating the Brat in Japan, while continuing to finance Venom’s inventory.

Empery Digital Secures $100M Credit for Share Buyback

On October 12, 2025, Empery Digital Inc. entered into a Master Loan Agreement with Two Prime Lending Limited, securing a $100 million credit facility to support its share repurchase program. This agreement, which allows for flexible borrowing terms and is backed by Bitcoin collateral, enhances Empery Digital’s financial capacity to increase its share repurchase program to $150 million, with the goal of boosting bitcoin per share for its shareholders. As of October 10, 2025, the company has repurchased approximately 6.7 million shares, with $99 million remaining for future repurchases.

Empery Digital Faces Agreement Termination by Super Sonic

On September 18, 2025, Empery Digital Inc. received a notice of termination from Super Sonic Company Limited, ending their distribution agreement due to Empery Digital’s failure to meet the minimum purchase requirement for two consecutive months. This termination, effective immediately, releases Empery Digital from obligations to issue equity to Super Sonic and incurs no early termination penalties. The agreement previously required Empery Digital to issue shares and potentially grant a board seat based on order volumes.