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Empery Digital (EMPD) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Empery Digital (EMPD) Q3 2026 earnings results →

Q3 2026 Revenue down 50% year over year to $100K

Empery Digital made $100K in Q3 2026 (-50% Y/Y). Operating margin n/m, net earnings $24.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$100K
Year over year-50%
Operating marginn/m
Net earnings$24.0M
Operating cash flow−$15.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $100K in Q3 2026, down 50% year over year and up 24% from the previous quarter.

Operating profit was $24.4M, a 24458.3% margin (up 41457.6 points year over year). Net earnings were $24.0M. The effective tax rate was 0.0%.

Operating cash flow was −$15.0M. Non-cash charges added back $10K of depreciation and amortization. Working capital and other items used $39.0M. Capital expenditures of $6K exceeded it, leaving free cash flow of −$15.0M.

Quarterly history

Empery Digital revenue by quarterEmpery Digital revenue by quarter$736KQ1 2025$703KQ2 2025$198KQ3 2025$226KQ1 2026$80KQ2 2026$100KQ3 2026
Empery Digital net earnings by quarterEmpery Digital net earnings by quarter−$2.5MQ1 2025−$3.9MQ2 2025−$34.6MQ3 2025−$85.4MQ1 2026−$43.0MQ2 2026$24.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$100K-50%n/m$24.0M−$15.0M
Q2 202610-QAug 7, 2026$80K-58%n/m−$43.0M−$6.9M
Q1 202610-QMay 8, 2026$226K-51%n/m−$85.4M−$3.5M
Q3 202510-QNov 10, 2025$198K-82%n/m−$34.6M−$7.6M
Q2 202510-QAug 12, 2025$703K-25%-550.8%−$3.9M−$3.7M
Q1 202510-QMay 9, 2025$736K-29%-340.5%−$2.5M−$3.6M

Charts

Empery Digital: revenue growth, year over year and quarter over quarterEmpery Digital: revenue growth, year over year and quarter over quarterY/YQ/Q-29%Q1 2025-25%-4%Q2 2025-82%-72%Q3 2025-51%+14%Q1 2026-58%-65%Q2 2026-50%+24%Q3 2026
Latest (Q3 2026): Y/Y -50%, Q/Q +24%.
Empery Digital: where the cash came from (+) and went (−), TTM to Q3 2026Empery Digital: where the cash came from (+) and went (−), TTM to Q3 2026Other investing$189MBuybacks−$111MCash drawn (+) / kept (−)−$59.2MOperating cash flow−$28.4MOther financing$9.7MNet borrowing (+) / repaid (−)−$30KCapital spending−$29K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Empery Digital: profit against cash, quarter by quarterEmpery Digital: profit against cash, quarter by quarterNet incomeOperating cash flow−$5.2M−$3.8MQ4 2024−$2.5M−$3.6MQ1 2025−$3.9M−$3.7MQ2 2025−$29.2M−$7.6MQ3 2025−$115M−$3.0MQ4 2025−$85.4M−$3.5MQ1 2026−$43.0M−$6.9MQ2 2026$24.0M−$15.0MQ3 2026
Latest (Q3 2026): Net income $24.0M, Operating cash flow −$15.0M.
Empery Digital: diluted shares by fiscal year (split-adjusted)Empery Digital: diluted shares by fiscal year (split-adjusted)23MFY202124MFY20220MFY20230MFY202418MFY2025
-19.1% since FY2021: buybacks shrank the count; earlier years scaled for the 5-for-1 split before FY2022.
Empery Digital: long-term debt falling due (FY2025)Empery Digital: long-term debt falling due (FY2025)$11K2026$11K2027$11K2028$2K2029
Cash $9.0M, short-term investments —, long-term debt $35K at 2025-12-31.
Empery Digital in its industry: growth against margin (84 companies, SIC 6199)Empery Digital in its industry: growth against margin (84 companies, SIC 6199)revenue growth, year over year →↑ operating marginmedian +17%median -17%AXPBTGOGeneral Motors Financial Company, Inc.SOFICOINCRCLCHYMGDOTBKKTRHLDPGYUPSTLDIWDPWPOPRTCORZIRENDAVERIOTMARABURCPSSMSTRVELOPFIWLTHCLSKSNFCAHIVEWULFProsper Marketplace, IncHUTABTCMFINGPGIIONDBMNRBCGGEMIStartEngine Inc.NAKABTBTWYFIKEELCIFREXODGHIMGTESLNHTONXZSTKSBETFWDIMGLDBGDEDGXXATCHFLDVIPDFDVAGPUUPXIDRKAVXHSDTBTCSPWCMORBSSHFSOPNWTRONMVNCMinistry Partners Investment Company, LLCPAPLMWAIBNBXCDSUIGFGCTAOXGSMTHSCSEMPD (-50%, 100%)
Finance Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Empery Digital

Empery Digital Inc. (“Empery Digital” or the “Company”) was formed on February 21, 2020, as a Delaware corporation, under the name Frog ePowersports, Inc. The Company 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. On July 17, 2025, the Company announced its entry 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 of 5,728,662 shares of common stock with an exercise price of $0.00001, at a price of $10.00 per share, for aggregate gross proceeds of approximately $501.0 million which includes payment in Bitcoin (“BTC” or…

In its own words, from its 10-K, filed Mar 27, 2026.

Empery Digital against its Finance Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -50% against the peers' median +17%.

CompanyQuarterRevenueY/YOp. margin
EMPD Empery DigitalQ3 2026$100K-50%n/m
AXP American ExpressQ3 2026$20.1B+9%22.6%
BTGO Bitgo HoldingsQ2 FY27$4.3B+80%-0.4%
General Motors Financial CompanyQ3 2026$4.3B-0.6%15.3%
SOFI SoFi TechnologiesQ3 2026$1.4B+44%22.9%
COIN Coinbase GlobalQ3 2026$1.2B-35%5.1%
CRCL Circle Internet GroupQ3 2026$865M+17%24.1%
CHYM Chime FinancialQ3 2026$718M+32%4.8%
GDOT Green DOTQ2 2026$596M+18%-0.1%

Source: Empery Digital 10-Q on SEC EDGAR · CIK 1829794 · Finance Services

Guidance and outlook

Empery Digital: what its forward-looking statements are about (10-Q filed 2026-11-06)Empery Digital: what its forward-looking statements are about (10-Q filed 2026-11-06)Costs6Demand5Other4Deals1Products1Financing1AI1
19 statements; tone -0.26 (−1 all cautious, +1 all confident); 2 hedged.
Empery Digital: outlook statements against the filing beforeEmpery Digital: outlook statements against the filing beforeConfident3Cautious8

13F: who owns EMPD and who is buying

Largest holders of EMPD (13F)Largest holders of EMPD (13F)Empery Asset Management, LP$10.4MHighbridge Capital Management LLC$9.8MDRW Securities, LLC$6.7MWeiss Asset Management LP$6.7MVanguard Capital Management LLC$3.8MHeights Capital Management$3.5MVanguard Group$2.8MBlackRock$2.7MHudson Bay Capital Management LP$2.7MSteadfast Capital Management LP$2.7M
Funds' net buying of EMPD by quarter (13F)Funds' net buying of EMPD by quarter (13F)$138K2025-06$144M2025-09$6.9M2025-12−$15.7M2026-03−$6.0M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on EMPD

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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