Empery Digital Inc. (EMPD) Balance Sheet
EMPD balance sheet, 2025
December 31, 2025 · U.S. dollars$372.8M assets = $103.5M liabilities + $269.2M equity
Both columns are drawn to the same scale: what EMPD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EMPD financial health
Descriptive bands, not a rating. Fiscal 2025.
EMPD balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $14.6M2021 | $372.8M2025 | +124.7%/yr | |
| Total liabilities | $8.3M2021 | $103.5M2025 | +87.8%/yr | |
| Shareholders’ equity | $6.3M2021 | $269.2M2025 | +155.6%/yr | |
| Cash & short-term investments | $5.6M2021 | $11.1M2025 | +18.9%/yr | |
| Total debt | $2.3M2021 | $100.7M2025 | +156.9%/yr | |
| Net cash (debt) | $3.3M2021 | −$89.5M2025 | −$92.8M | |
| Working capital | $4.4M2021 | −$38.5M2025 | −$42.9M | |
| Current ratio | 1.682021 | 0.272025 | −1.41 | |
| Debt / equity | 0.372021 | 0.372025 | +0.01 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EMPD assets
EMPD liabilities and equity
EMPD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EMPD balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $11.1M | $2.2M | $8.0M | $11.0M | $5.6M |
| Cash & equivalents | $9.1M | $2.2M | $8.0M | $11.0M | $5.6M |
| Short-term investments | $2.0M | $0 | — | — | — |
| Receivables | $312,106 | $88,247 | $203,303 | $864,957 | $25,585 |
| Inventory | $346,175 | $1.5M | $9.0M | $5.6M | $2.2M |
| Other current assets | $2.5M | $1.3M | $2.4M | $2.8M | $3.1M |
| Total current assets | $14.3M | $5.1M | $19.5M | $20.3M | $10.9M |
| Property, plant & equipment (net) | $1.0M | $945,372 | $2.4M | $2.1M | $3.0M |
| Goodwill & intangible assets | $36,908 | $15,698 | $0 | $5,813 | $18,053 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $357.4M | $199,281 | $199,281 | $285,037 | $732,809 |
| Total assets | $372.8M | $6.2M | $22.1M | $22.7M | $14.6M |
| Liabilities | |||||
| Accounts payable | $745,466 | $385,326 | $831,184 | $1.0M | $1.5M |
| Short-term debt | $50.2M | $451,131 | $30.6M | $17.8M | $473,408 |
| Deferred revenue | — | $216,522 | $417,485 | $23,471 | $2.3M |
| Total current liabilities | $52.8M | $4.6M | $40.9M | $20.9M | $6.5M |
| Long-term debt | $50.0M | $28,533 | $69,138 | $50,116 | $68,785 |
| Lease obligations | $793,786 | $775,172 | $1.2M | $1.5M | $2.2M |
| Other long-term liabilities | $789,015 | $1.5M | $775,170 | $1.1M | $1.8M |
| Total liabilities | $103.5M | $6.2M | $41.8M | $22.1M | $8.3M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $475 | $7 | $10 | $1 | $128 |
| Retained earnings (deficit) | −$316.4M | −$166.3M | −$120.8M | −$75.7M | −$41.5M |
| Total shareholders' equity | $269.2M | $40,761 | −$19.6M | $635,013 | $6.3M |
| Key figures | |||||
| Total debt | $100.7M | $810,886 | $31.4M | $19.0M | $2.3M |
| Net cash (debt) | −$89.5M | $1.4M | −$23.4M | −$8.0M | $3.3M |
| Working capital | −$38.5M | $429,349 | −$21.4M | −$570,462 | $4.4M |
| Tangible book value | $269.2M | $25,063 | −$19.6M | $629,200 | $6.3M |
| Book value per share | $14.57 | — | — | — | — |
| Shares outstanding | 18.5M | — | — | — | — |
| Current ratio | 0.27 | 1.09 | 0.48 | 0.97 | 1.68 |
| Quick ratio | 0.22 | 0.49 | 0.20 | 0.57 | 0.86 |
| Debt / equity | 0.37 | 19.89 | — | 29.85 | 0.37 |
| Equity / assets | 72.2% | 0.7% | −88.7% | 2.8% | 43.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $3.6M | $5.7M | $11.1M | $20.8M | $13.8M | $17.6M | $2.2M | $5.8M | $2.1M | $3.6M |
| Cash & equivalents | $3.6M | $5.7M | $9.1M | $18.8M | $11.8M | $17.6M | $2.2M | $5.8M | $2.1M | $3.6M |
| Short-term investments | $0 | $2.1M | $2.0M | $2.0M | $2.0M | — | $0 | — | — | — |
| Receivables | $49,992 | $63,318 | $312,106 | $1.6M | $199,831 | $104,399 | $88,247 | $347,008 | $301,845 | $284,951 |
| Inventory | $334,053 | $396,589 | $346,175 | $497,717 | $492,633 | $1.2M | $1.5M | $1.5M | $9.6M | $8.9M |
| Other current assets | $1.1M | $6.7M | $2.5M | $2.3M | $2.1M | $1.6M | $1.3M | $996,829 | $2.1M | $2.3M |
| Total current assets | $5.0M | $12.8M | $14.3M | $25.2M | $16.5M | $20.5M | $5.1M | $8.7M | $14.0M | $15.1M |
| Property, plant & equipment (net) | $834,394 | $954,637 | $1.0M | $1.3M | $1.1M | $1.1M | $945,372 | $1.1M | $1.6M | $2.1M |
| Goodwill & intangible assets | $170.6M | $129.1M | $36,908 | $334.7M | $0 | $0 | $15,698 | $0 | $0 | $0 |
| Long-term investments | $2.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $106,705 | $74.9M | $357.4M | $131.0M | $273,886 | $199,281 | $199,281 | $199,281 | $199,281 | $199,281 |
| Total assets | $179.5M | $217.8M | $372.8M | $492.3M | $17.9M | $21.7M | $6.2M | $10.0M | $15.8M | $17.4M |
| Liabilities | ||||||||||
| Accounts payable | $748,294 | $3.8M | $745,466 | $962,247 | $191,432 | $221,357 | $385,326 | $255,564 | $962,390 | $324,702 |
| Short-term debt | $161,803 | $230,309 | $50.2M | $50.4M | $476,002 | $463,452 | $451,131 | $439,039 | $1.8M | — |
| Deferred revenue | — | — | — | $10,618 | $22,548 | $47,488 | $216,522 | $106,323 | $169,777 | — |
| Total current liabilities | $10.7M | $6.3M | $52.8M | $54.1M | $3.6M | $4.0M | $4.6M | $4.2M | $6.6M | $12.9M |
| Long-term debt | $55.0M | $45.0M | $50.0M | $22,584 | $24,623 | $26,606 | $28,533 | $30,405 | $32,226 | $33,995 |
| Lease obligations | $598,361 | $683,631 | $793,786 | $1.0M | $559,749 | $668,670 | $775,172 | $879,776 | $980,783 | $1.1M |
| Other long-term liabilities | $436,558 | $453,322 | $789,015 | $489,681 | $460,254 | $941,446 | $1.5M | $729,947 | $1.2M | $668,669 |
| Total liabilities | $66.1M | $51.7M | $103.5M | $54.6M | $4.1M | $5.0M | $6.2M | $4.9M | $7.9M | $13.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $544 | $535 | $475 | $475 | $6 | $42 | $7 | $6 | $16 | — |
| Retained earnings (deficit) | −$444.8M | −$401.8M | −$316.4M | −$207.2M | −$172.7M | −$168.8M | −$166.3M | −$161.1M | −$147.5M | −$146.9M |
| Total shareholders' equity | $113.4M | $166.1M | $269.2M | $437.6M | $13.8M | $16.7M | $40,761 | $5.1M | $7.9M | $3.8M |
| Key figures | ||||||||||
| Total debt | $55.6M | $45.7M | $50.7M | $50.9M | $591,974 | $702,665 | $810,886 | $917,161 | $2.4M | $33,995 |
| Net cash (debt) | −$52.0M | −$40.0M | −$39.6M | −$30.0M | $13.2M | $16.9M | $1.4M | $4.9M | −$384,088 | $3.5M |
| Working capital | −$5.7M | $6.5M | −$38.5M | −$28.9M | $12.9M | $16.4M | $429,349 | $4.5M | $7.4M | $2.2M |
| Tangible book value | −$57.3M | $37.0M | $269.2M | $102.9M | $13.8M | $16.7M | $25,063 | $5.1M | $7.9M | $3.8M |
| Book value per share | $4.04 | $5.03 | $14.57 | $12.11 | — | — | — | — | — | — |
| Shares outstanding | 28.1M | 33.0M | 18.5M | 36.1M | — | — | — | — | — | — |
| Current ratio | 0.47 | 2.03 | 0.27 | 0.47 | 4.56 | 5.09 | 1.09 | 2.07 | 2.12 | 1.17 |
| Quick ratio | 0.34 | 0.91 | 0.22 | 0.41 | 3.85 | 4.39 | 0.49 | 1.47 | 0.36 | 0.30 |
| Debt / equity | 0.49 | 0.27 | 0.19 | 0.12 | 0.04 | 0.04 | 19.89 | 0.18 | 0.31 | 0.01 |
| Equity / assets | 63.2% | 76.2% | 72.2% | 88.9% | 77.0% | 77.0% | 0.7% | 50.5% | 50.0% | 21.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 27, 2026); data from EODHD.
EMPD financial position
At the end of fiscal 2025 (December 31, 2025), Empery Digital had total assets of $372.8 million (up 5,886.6% from a year earlier), total liabilities of $103.5 million and shareholders' equity of $269.2 million. It held $11.1 million in cash and short-term investments against $100.7 million of debt, net debt of $89.5 million. Its current ratio was 0.27. In the latest quarter (ended June 30, 2026) total assets were $179.5 million and equity $113.4 million.
Related: EMPD income statement, EMPD cash flow statement, EMPD key metrics. See the EMPD stock overview for the latest quote and news.
EMPD balance sheet FAQ
What are Empery Digital's total assets?
Empery Digital reported total assets of $372.8 million at the end of fiscal 2025 (December 31, 2025), compared with $6.2 million a year earlier.
How much debt does Empery Digital have?
Empery Digital had $100.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.37.
How much cash does Empery Digital have?
Empery Digital held $11.1 million in cash and short-term investments at the end of fiscal 2025; with $100.7 million of debt that is net debt of $89.5 million.
What is Empery Digital's book value?
Empery Digital's shareholders' equity (book value) was $269.2 million at the end of fiscal 2025, or $14.57 per share.
What is Empery Digital's current ratio?
Empery Digital had current assets of $14.3 million and current liabilities of $52.8 million, a current ratio of 0.27 (current liabilities exceed current assets).
How much goodwill does Empery Digital have?
Empery Digital carried $0.0 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2025.