Empery Digital Inc
emperydigital.comWhat Do They Do?
Manages a bitcoin treasury and sells Brat electric bikes to consumers, bicycle retailers and importers; it also finances golf-cart inventory for Venom.
10-K for FY2025, filed Mar 27, 2026On July 17, 2025, the Company announced its entry into securities purchase agreements with certain institutional and accredited investors…View ↗
The key component of the digital asset strategy is to optimize the Company’s capital structure to increase BTC per share to drive…View ↗
In the fourth quarter of 2022, we began selling an E-Bike, the Brat, which is manufactured by a third-party. The Brat is a class 2 E-Bike…View ↗
We also sell our two-wheel products internationally through importers. Each importer buys vehicles and accessories and sells them to local…View ↗
Consumers can purchase the Brat from our website and have it delivered to a location of their choosing in the continental U.S.View ↗
Finance revenue. The Company finances golf cart and accessory inventory purchases for Venom who sells this inventory to their dealers. The…View ↗
How Do They Make Money?
Dealers, distributors and consumers pay for vehicles, parts and accessories when products are delivered. Empery also earns a fee equal to 5% of Venom’s golf-cart inventory cost, with payment terms tied to shipment or receipt, or when Venom sells the inventory.
10-K for FY2025, filed Mar 27, 2026For sales to dealers or distributors, revenue is recognized when transfer of control of the product is made as there is no acceptance…View ↗
Consideration that is received in advance of the transfer of goods is recorded as customer deposits until delivery has occurred or the…View ↗
Finance revenue. The Company finances golf cart and accessory inventory purchases for Venom who sells this inventory to their dealers. The…View ↗
$975K
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10-K for FY2025, filed Mar 27, 2026
$975K ↗
Who Are Their Customers?
Bicycle retailers and importers buy the company’s two-wheel products, while U.S. consumers can order the Brat on its website; importers resell to local dealers or directly to consumers. Venom buys golf carts, and Empery finances its inventory.
10-K for FY2025, filed Mar 27, 2026Prior to the divestiture of our four-wheel product lines, we sold our products through powersports dealers, bicycle retailers, and golf…View ↗
We also sell our two-wheel products internationally through importers. Each importer buys vehicles and accessories and sells them to local…View ↗
Consumers can purchase the Brat from our website and have it delivered to a location of their choosing in the continental U.S.View ↗
On February 24, 2025, we entered into a supply agreement with Venom-EV LLC (“Venom”) to supply Venom with certain golf carts. This…View ↗
Finance revenue. The Company finances golf cart and accessory inventory purchases for Venom who sells this inventory to their dealers. The…View ↗
Do Revenues Turn Into Profits?
No. It lost $150.1M in FY2025.
10-K for FY2025, filed Mar 27, 2026
−$153.5MView ↗
10-K for FY2025, filed Mar 27, 2026
−$150.1MView ↗
10-K for FY2025, filed Mar 27, 2026
−$18.1MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 7, 2026
−$43MView ↗
- ▲ +1003% (Loss)
- vs −$3.9M in Q2 FY2025
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Jul 23, 2026
Buys $20 million stake in Cardinal Data Power
The investment backs CDP’s Series A financing for its planned West Texas data-center campus.
Sources
8-K, filed Jul 23, 2026
As part of its strategic partnership with Hunt Properties and the Company’s strategy to allocate capital to opportunities in digital…View ↗
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Jul 1, 2026
Commits $65 million to a Midwest data-center investment
The potential tenant would fund the data-center conversion and operating costs; Empery said it may sell bitcoin to fund similar opportunities.
Sources
8-K, filed Jul 1, 2026
As previously announced, the Company acquired a 25% equity interest in EMHU, LLC, a Delaware limited liability company (the “Partnership”)…View ↗
Growing. Revenue grew 2.2x in 4 years, from $448.8K in FY2021 to $975K in FY2025, about 21% a year.
Bitcoin treasury strategy
The earlier report described an electric off-road vehicle business; the latest centers its strategy on acquiring and managing bitcoin, alongside continuing Brat sales and inventory financing.
10-K for FY2022, filed Mar 7, 2023 10-K for FY2025, filed Mar 27, 2026We are an all-electric, off-road powersports vehicle company developing and building electric motorcycles and four-wheel utility terrain…View ↗
On July 17, 2025, the Company announced its entry into securities purchase agreements with certain institutional and accredited investors…View ↗
The key component of the digital asset strategy is to optimize the Company’s capital structure to increase BTC per share to drive…View ↗
The Company expects that this agreement will reduce Empery Digital’s future product liability exposure by transferring ownership of…View ↗
Four-wheel product divestiture
The earlier report planned a lineup of electric motorcycles and UTVs; the latest says it transferred the four-wheel product lines and Volcon brand assets to Venom, excluding the Brat, and does not plan to sell four-wheel products.
10-K for FY2022, filed Mar 7, 2023 10-K for FY2025, filed Mar 27, 2026We are an all-electric, off-road powersports vehicle company developing and building electric motorcycles and four-wheel utility terrain…View ↗
Vehicle inventory financing
The earlier report said dealer floor-plan financing was not yet available; the latest describes financing golf-cart inventory for Venom and discussions about financing other sellers’ purchases.
10-K for FY2022, filed Mar 7, 2023 10-K for FY2025, filed Mar 27, 2026Beginning in November 2021, we began negotiating dealership agreements with powersports dealers to display and sell our vehicles and…View ↗
Who Do They Compete With?
Competes with Super 73
10-K for FY2025, filed Mar 27, 2026There are dozens of companies that sell E-Bikes in the U.S. and even more globally, many of which may have greater financial and marketing…View ↗
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