Empery Digital Inc. Common stock (EMPD)

FairStock Score: 36/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with business quality and a margin of safety. Empery Digital is a tiny Round Rock, Texas company with 15 employees, formerly Volcon, now describing itself as a digital asset treasury business. I see no demonstrated moat. The filed record is ugly: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $80,019 and net loss was $43.0M; in fiscal Q1 2026 net loss was $85.4M. For FY2025, revenue was $974,977 and net loss was $150.1M, after FY2024 revenue of $4.0M and net loss of $45.5M. Revenue growth is -51.18%, and profit growth is -999.00%. At the 2026-10-13 close of $3.29, FairStock calculates a $92.5M market cap, P/B of 0.82, P/E of 4.06, and a Graham Number of $8.57, implying 61.61% margin of safety. But those cheap-looking numbers sit beside trailing free cash flow of -$472.7M, FCF yield of -511.1%, ROE of -426.73%, ROCE of -23.11%, Piotroski F-Score of 3/9, and Altman Z-Score of -2.93. The Lynch category is none because it lost money in each of the last four years. Debt/equity of 0.49 is not the main issue; the cash burn and negative returns are. A low price-to-book can be a value trap if losses keep eroding book value. I would need sustainable earnings and positive cash flow before treating this as a Graham bargain.

In plain English: Empery Digital, formerly Volcon, is a tiny Texas company now in the digital asset treasury business. It has been losing large amounts of money, sales have fallen sharply, and cash is going out the door. The stock price looks low compared with the company's accounting value, but the underlying business looks very weak.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer