Empery Digital Inc 2025年季度报告

FORM10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to__________ Commission file number:001-40867 Empery Digital Inc.(Exact Name of Registrant as Specified in Its Charter) Delaware84-4882689(State or Other Jurisdiction of(I.R.S. Employer Incorporation or Organization)Identification No.) (512)400-4271(Registrant’s Telephone Number, Including Area Code) (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated Filer☐Smaller Reporting Company☒Emerging Growth Company☒ Large Accelerated Filer☐Non-Accelerated Filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The registrant had36,423,863shares of common stock outstanding at November 10, 2025. TABLE OF CONTENTS PART I — FINANCIAL INFORMATION Item 1.Financial Statements4Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024 (unaudited)4Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025and 2024 (unaudited)5Condensed Consolidated Statements of Stockholders Equity for the Nine Months Ended September 30, 2025 and2024 (unaudited)6Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 2024(unaudited)8Notes to the Condensed Consolidated Financial Statements (unaudited)10Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations33Item 3.Quantitative and Qualitative Disclosures About Market Risk43Item 4.Controls and Procedures43 PART II — OTHER INFORMATION Item 1.Legal Proceedings44Item 1A.Risk Factors44Item 2.Unregistered Sales of Equity Securities and Use of Proceeds46Item 3.Defaults Upon Senior Securities47Item 4.Mine Safety Disclosures47Item 5.Other Information47Item 6.Exhibits47Signatures49 WHERE YOU CAN FIND MORE INFORMATION Investors and others should note that we announce material financial information to our investors using our investor relationswebsite, which can be found at https://ir.EmperyDigital.com, as well as press releases, our filings with the Securities and ExchangeCommission, SEC, and public conference calls and webcasts. We also use other mediums, including the following social mediachannels as a means of disclosing information about the company, our products, our planned financial and other announcements andattendance at upcoming investor and industry conferences, and other matters and for complying with our disclosure obligations underRegulation FD: Website Homepage:https://www.emperydigital.com/ Treasury Dashboard:https://www.emperydigital.com/treasury-dashboard X (f/k/a Twitter) Account:https://x.com/EMPD_BTC Instagram Account:https://www.instagram.com/empd_btc YouTube Account:https://www.youtube.com/@emperydigital These channels may be updated from time to time on our investor relations website. The information we post through thesechannels may be deemed material. Accordingly, investors should monitor them in addition to following our investor relations website,press releases, SEC filings, and public conference calls and webcasts. This list may be updated from time to time. The information wepost through these channels is not a part of this Quarterly Report on Form 10-Q. EMPERY DIGITAL INC.CONDENSED CONSOLIDATED BALANCE SHEETSAS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024(Unaudited) The accompanying notes are an integral