Empery Digital Inc. (EMPD) Stock

Empery Digital Inc. (EMPD) is a Financials stock trading at $2.85 (as of 2026-08-20), with a market capitalization of $80.11M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Empery Digital Inc., formerly known as Volcon, Inc., operates in electric off-road power sports, including e-bikes, utility vehicles, and golf carts, marketed under the Empery Mobility brand. In July 2025, the company rebranded as Empery Digital with a focus on bitcoin treasury strategy.

Understand Empery Digital Inc.: how it makes money

Empery Digital Inc. sells and maintains a power sports business under the Empery Mobility brand, and it also focuses on a bitcoin treasury strategy, aiming to generate value through its bitcoin holdings and bitcoin transactions.

The profit model is structurally tied to bitcoin treasury outcomes (its bitcoin holdings and bitcoin sold), while the company still operates a power sports business under the Empery Mobility brand.

Business quality (Weak): On the latest reported quarter (2026-03-31), the company shows a gross margin of 27.9% but an extremely negative operating margin, which highlights execution risk as it follows a bitcoin treasury strategy alongside power sports.

Bull case

  • Clear strategic pivot toward bitcoin treasury: The company rebranded as Empery Digital to focus on a bitcoin treasury strategy while maintaining the power sports business under the Empery Mobility brand.
  • Visible treasury scale indicators: Investors can track bitcoin holdings in treasury (3,723.7) and bitcoin sold (357.7) to monitor ongoing treasury activity.

Bear case

  • Profitability is currently severely strained: For 2026-03-31, operating margin is reported at -36912.1, indicating major operating losses despite a 27.9% gross margin.
  • Business transition adds uncertainty: The company rebranded in July 2025 to emphasize bitcoin treasury strategy, which increases uncertainty around the durability of results.
  • Small operating footprint: The latest quarter shows 15 employees, which can limit execution capacity during strategy shifts.
Valuation — source: SEC EDGAR (first-party)
Price$2.85
Market Cap$80.11M
Price / Book0.71
Price / Sales66.38
FCF Yield-27.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$974977.00
Net Margin-15390.4%
Revenue Growth (YoY)-88.6%
EPS Growth (YoY)-79.8%
FCF Growth (YoY)88.3%
Financial Health — source: SEC EDGAR
Altman Z-Score-2.21 (distress)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderEmpery Asset Management, LP ($12.40M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOJohn K. Kim
CountryUS
IPO Date2021-10-06

Related Companies (Business model: EV / Pure-Play and NEV-First Automakers; 8 closest by market cap)

  • Federal Signal Corporation (FSS)
  • Faraday Future Intelligent Electric Inc. (FFAI)
  • Lucid Group, Inc. (LCID)
  • Aptera Motors Corp. (SEV)
  • Workhorse Group Inc. (WKHS)
  • Cenntro Electric Group Limited (CENN)
  • Fly-E Group, Inc. Common Stock (FLYE)
  • REE Automotive Ltd. (REE)
EMPD earnings history · EMPD institutional & insider holders · EMPD KPIs & operating metrics · EMPD financials · EMPD investor presentations & press releases · EMPD SEC filings · EMPD peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.