Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Empery Digital Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0.45
4.55
3.26
3.98
0.97
Cost of revenue
10.5
13.4
11.4
18
1.34
Gross profit
-10.1
-8.87
-8.13
-14
-0.36
Selling and marketing
2.87
5.69
7.41
2.23
1.46
General and administrative
15.8
9.05
6.39
7.57
28.6
Operating expenses
29.1
23.2
21.7
11.7
153
Operating income
-39.2
-32.1
-29.8
-25.7
-153
Interest expense
0.09
2.26
4.97
0.64
2.25
Interest income
0
0.29
Other non-operating income
-0.95
-2.17
-15.3
-18.5
-0.47
Pre-tax income
-44.2
-154
Income tax
0
0
0
0
-5.38
Income from continuing operations
-44.2
-149
Net income
-40.1
-34.2
-45.1
-45.5
-150
EBITDA
-39
-31.3
-29.5
-25.3
-153
EPS, basic
-12,637,295.00
-2,084,652.00
-1,502,400.00
-1,175.00
-8.12
EPS, diluted
-12,637,313.00
-2,084,653.00
-1,502,399.00
-1,175.00
-8.12
Shares, basic (weighted)
0
0
0
0.04
18.5
Shares, diluted (weighted)
0
0
0
0.04
18.5
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
5.57
11.5
8.19
2.19
8.96
Receivables
0.03
0.86
0.2
0.09
0.31
Inventory
2.21
5.65
8.97
1.46
0.35
Other current assets
1.09
1.85
1.9
1.03
2.48
Total current assets
10.9
20.3
19.5
5.07
14.3
Property, plant and equipment
0.81
0.6
1.26
0.21
0.23
Lease right-of-use assets
2.18
1.51
1.14
0.74
0.78
Intangible assets
0.02
0.01
0
0.02
0.04
Other non-current assets
0.73
0.29
0.2
0.2
0.16
Total assets
14.6
22.7
22.1
6.23
372
Accounts payable
1.45
1.04
0.83
0.39
0.75
Accrued liabilities
0.77
2.05
3.13
1.38
0.56
Short-term debt
0
49.9
Total current liabilities
6.48
20.9
40.9
4.64
52.8
Long-term debt
0.07
0.05
0.07
0
49.9
Lease liabilities
1.77
1.14
0.78
0.33
0.47
Total liabilities
8.32
22.1
41.8
6.19
103
Total debt
0.1
0.08
0.11
0.05
0.03
Paid-in capital
47.8
76.4
101
166
682
Retained earnings
-41.5
-75.7
-121
-166
-316
Treasury stock
0
-96.3
Shareholders' equity
6.3
0.64
-19.6
0.04
269
Total equity
6.3
0.64
-19.6
0.04
269
Total liabilities and equity
14.6
22.7
22.1
6.23
372
Shares outstanding
0
0
0
0.08
33.8
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-40.1
-34.2
-45.1
-45.5
-150
Depreciation and amortization
0.22
0.76
0.25
0.36
0.3
Stock-based compensation
14.6
3.26
2.63
0.31
17.8
Deferred income tax
-5.38
Change in receivables
-0.03
-0.84
0.56
0.09
-0.26
Change in inventory
-4.16
-5.13
-7.61
-0.93
0.67
Change in payables
1.37
-0.42
-0.21
-0.45
0.36
Cash from operations
-24.2
-33.6
-29.6
-16
-17.8
Capital expenditures
-0.82
-0.8
-0.95
-0.31
-0.2
Cash from investing
-0.84
-0.8
-0.86
-0.23
-454
Debt repaid
-2
0
Stock issued
0.74
0
0.26
0
Share buybacks
0
-96.3
Cash from financing
30
40.4
27.1
10.4
478
Net change in cash
5.04
5.97
-3.34
-5.89
6.77
Free cash flow
-25
-34.4
-30.5
-16.3
-18.1
Interest paid
0.02
0.01
0.02
0.09
2.14
Income taxes paid
0
0
0
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.89 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-20.4%
Gross profit / revenue.
Operating margin
-43,499.0%
Operating income / revenue.
EBITDA margin
-43,472.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-43,320.0%
Net income / revenue.
FCF margin
-3,349.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-3,345.0%
Cash from operations / revenue.
Return on equity (ROE)
-240.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-151.6%
Net income / average total assets.
Return on invested capital (ROIC)
-131.0%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
2,948.0%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
3.8%
Capital expenditures / revenue.
D&A / revenue
26.8%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-75.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-40.1%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
660,370.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
651.2%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
5,881.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
154.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
47,629.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
1,610.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.47x
Current assets / current liabilities.
Quick ratio
0.34x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.33x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.48x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
30.6%
Total debt / total assets.
Liabilities / assets
36.8%
Total liabilities / total assets.
Net debt
$51.4M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$9.70
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.02
Revenue / diluted weighted shares.
FCF per share
-$0.75
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.75
Cash from operations / diluted weighted shares.
Book value per share
$4.03
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
129x
Market cap / revenue.
P/B
0.72x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.72x
Market cap / tangible book value, when positive.
EV/Sales
211x
Enterprise value / revenue.
FCF yield
-25.9%
Free cash flow / market cap.
Earnings yield
-335.0%
Net income / market cap (the inverse of P/E).
Shareholder yield
184.3%
(Dividends paid + share buybacks) / market cap.
What was Empery Digital Inc.'s revenue in fiscal 2025?
Empery Digital Inc. reported revenue of $975.0K for fiscal 2025, 75.5% lower than the year before.
Was Empery Digital Inc. profitable in fiscal 2025?
No. It reported a net loss of $150.1M.
How much free cash flow did Empery Digital Inc. generate in fiscal 2025?
Cash from operations of $17.8M minus capital expenditures of $204.9K left free cash flow of -$18.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.