Empery Digital
Runs a Bitcoin treasury strategy alongside strategic data-power investments.
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Profile
Operates around a Bitcoin treasury strategy adopted after its electric off-road powersports legacy. Capital raised for the strategy was applied to Bitcoin purchases, and the company has added a strategic data-power investment.
Built around a Bitcoin treasury strategy adopted after a legacy electric off-road powersports business. The Nasdaq-listed successor to Volcon renamed itself Empery Digital and changed its ticker to EMPD in 2025. Legacy materials described all-electric powersports for the outdoor community.
Capital raised with the strategy was applied to Bitcoin purchases. The company has also made a strategic investment in Cardinal Data Power, a developer of powered data-center campuses.
Operations and capital allocation are shaped by execution of the Bitcoin treasury strategy and disclosed capital needs tied to an indirect Midwest-property investment.
Company facts
Categories
Key statistics
Year to date −36.1% · Average volume (30d) 393.3K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.11 | −$1.53 | −1,290.9% | $300.0K | $80.0K | −73.3% | +5.16% |
| May 8, 2026Q1 FY26 | −$0.10 | −$0.22 | −120.0% | $200.0K | $225.7K | +12.9% | +5.56% |
| Mar 27, 2026Q4 FY25 | $0.00 | $0.61 | — | $200.0K | −$662.3K | −431.2% | +5.79% |
| Nov 11, 2025Q3 FY25 | — | −$0.57 | — | — | $198.3K | — | −1.80% |
Financial highlights
| 9 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $736.0K | $702.9K | $198.3K | −$662.3K | $225.7K | $80.0K | |
| Gross profit | −$45.3K | −$148.5K | −$93.3K | −$125.3K | $63.1K | −$68.2K | |
| Operating income | −$2.5M | −$3.9M | −$34.5M | $10.0M | −$5.0M | −$14.2M | |
| Net income | −$2.5M | −$3.9M | −$34.6M | −$109.1M | −$85.4M | −$43.0M | |
| Diluted EPS | −$7.28 | −$60.56 | −$0.96 | −$5.90 | −$2.59 | −$1.53 | |
| Gross margin | -6.2% | -21.1% | -47.1% | — | 27.9% | -85.2% | |
| Operating margin | -340.5% | -550.8% | -17,388.6% | — | -2,196.4% | -17,689.7% |
Fiscal years (4-quarter sums)FY25 $975.0K
Balance sheet, Jun 30, 2026Cash & short-term investments $3.6M · Total debt $55.6M · Total assets $179.5M · Shareholders' equity $113.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 28.11M · Float 16.54M · 58.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Highbridge Capital Management, LLC | 9.49M | 9.90% | 13G | May 15, 2026 |
| ATG Capital Management LP · 10 percent owner | 4.50M | 16.01% | Form 4 | Feb 20, 2026 |
| Ryan M. Lane | 4.43M | 15.76% | 13D | Aug 14, 2026 |
| Empery Asset Management, LP · 10 percent owner | 4.43M | 15.76% | Form 4 | Aug 14, 2026 |
| JPMorgan Chase & Co | 2.87M | 10.20% | 13F | May 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Empery Asset Management, LP | 10 percent owner | +750,000 | $2.98 |
| Aug 12, 2026 | Empery Asset Management, LP | 10 percent owner | +650,000 | $2.82 |
| Jan 28, 2026 | ATG Capital Management LP | 10 percent owner | +123,208 | $5.09 |
| Jan 29, 2026 | ATG Capital Management LP | 10 percent owner | +190,971 | $4.91 |
| Jan 30, 2026 | ATG Capital Management LP | 10 percent owner | +114,447 | $4.82 |
Peers
- Strategy
Largest public Bitcoin-treasury and capital-markets platform
- Twenty One Capital
Bitcoin-native platform combining treasury and capital-markets activity
- Strive
Asset-management Bitcoin treasury company focused on Bitcoin per share
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Empery Digital | $3.03 | +2.02% | $83.6M | — | — | — | −88.6% |
| Strategy | $127.88 | +0.46% | $42.12B | — | 3.7 | 84.5 | +6.9% |
| Twenty One Capital | $6.12 | +1.83% | $61.9M | — | — | — | — |
| Strive | $21.74 | +0.05% | $2.17B | — | 7.1 | 248.1 | +1,370.5% |
| Median | — | 5.4 | 166.3 | +688.7% |