---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-008167"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:29:39.049219+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Empery Digital Reports Q3 2025 Net Loss of $34.6M and Repurchases 11.1M Shares Under $150M Program

## Summary
- Q3 2025 revenue was $198,301, down from $702,936 in Q2 2025; net loss of $34.6 million includes $14.1M unrealized loss on digital assets.
- Repurchased 11,082,934 shares at average price of $7.36 since implementing Bitcoin treasury strategy; $68.5M remains under $150M program.
- General & administrative expenses surged to $19.4M in Q3 due to one-time items including $8.1M stock compensation, $5.7M warrant costs, and a $2M settlement.
- Divested Volcon brand and four-wheel products to focus on two-wheel e-bikes; exploring cargo bike launch in Europe by H1 2026.
- Realized $955,087 net income from trading Bitcoin put/call contracts; total headcount reduced to 15 employees.

## SEC filing metadata
- accession: 0001683168-25-008167
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316825008167/0001683168-25-008167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316825008167/empery_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-008167
- JSON: https://secwatch.observer/filing/0001683168-25-008167.json
- Plain text: https://secwatch.observer/filing/0001683168-25-008167.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.