Quarterly ResultMay 8, 2026, 04:13 PM
Empery Digital Q1 Net Loss $85.4M on Digital Asset Write-Down
AI Summary
Empery Digital Inc. reported a net loss of $85.4 million for the first quarter of 2026, a substantial increase from $2.46 million in Q1 2025, primarily driven by a $78.35 million loss on digital assets. The company continued its digital asset treasury strategy, selling 1,092 Bitcoin for $74.7 million and realizing a $53.26 million loss. During the quarter, Empery Digital fully repaid its $50.0 million Repo Facility and repurchased $44.2 million of common stock. Concurrently, it raised $24.8 million through common stock and warrant issuances. The company also completed the divestment of its Volcon brand in October 2025.
Key Highlights
- Net loss for Q1 2026 was $85.4 million, significantly up from $2.46 million in Q1 2025.
- Incurred a $78.35 million loss on digital assets in Q1 2026.
- Sold 1,092 Bitcoin for $74.7 million, realizing a $53.26 million loss.
- Repaid the $50.0 million Repo Facility in full, incurring a $568,142 loss.
- Repurchased $44.2 million of common stock during Q1 2026.
- Raised $24.8 million from common stock and pre-funded warrant issuances.
- Total assets decreased to $217.8 million from $372.4 million as of December 31, 2025.
- Total liabilities decreased to $51.7 million from $103.2 million as of December 31, 2025.