Flag Ship Acquisition Corporation(FSHP)Earnings, Financials & Key Ratios
FSHP•NASDAQ•Banking & Credit
$10.94
$97M mkt cap·109.4× P/E·Price updated May 7, 2026
SectorFinancial ServicesIndustrySPACs & Shell CompaniesSub-IndustryGeneralist SPACs and blank checks
AboutFlag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York. Flag Ship Acquisition Corporation was formerly a subsidiary of Whale Management Corporation.Show more
- Net Interest Income$0
- Total Revenue$0
- Net Income$910K+1558.1%
- Return on Equity2.67%
- Net Interest Margin0%
- ROA2.56%+107.5%
- Equity / Assets96.57%+151.4%
- Book Value per Share7.73+5884.9%
- Tangible BV/Share7.73+5884.9%
- Debt/Equity0.01
FSHP Key Insights
Flag Ship Acquisition Corporation (FSHP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Well capitalized: 96.6% equity/assets
- ✓Trading near 52-week high
- ✓Trading at only 1.4x book value
✗Weaknesses
- ✗Weak 3Y average ROE of 2.7%
- ✗Weak Piotroski F-Score: 3/9
- ✗Dividend payout exceeds 100% of earnings
- ✗Shares diluted 100.0% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
FSHP Price & Volume
Flag Ship Acquisition Corporation (FSHP) stock price & volume — 10-year historical chart
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FSHP Growth Metrics
Flag Ship Acquisition Corporation (FSHP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM404.54%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM910.13%
Return on Capital
10 Years-42.42%
5 Years-42.42%
3 Years-24.91%
Last Year-2.54%
FSHP Peer Comparison
Flag Ship Acquisition Corporation (FSHP) competitors in Generalist SPACs and blank checks — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NHIC | 220.34M | 10.54 | 524.38 | 1.6% | ||||
 ACIC | 524.52M | 10.85 | 5.05 | 13.07% | 31.88% | 35.67% | 0.48 | |
 GS | 287.62B | 925.87 | 22.84 | 17% | 12.59% | 5.06 | ||
 MS | 302.59B | 190.18 | 23.92 | 16.83% | 14.57% | 3.42 | ||
 JPM | 825.89B | 306.32 | 15.51 | 14.61% | 16.11% | 2.18 | ||
 EVR | 13.11B | 331.04 | 23.56 | 29.49% | 29.32% | 0.50 | ||
 LAZ | 4.36B | 46.44 | 21.40 | 3.25% | 26.7% | 2.61 | ||
 BN | 104.4B | 46.52 | 9999 | -9.71% | 0.79% | 1.59 |
Compare FSHP vs Peers
Flag Ship Acquisition Corporation (FSHP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FSHP Income Statement
Flag Ship Acquisition Corporation (FSHP) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Net Interest Income | 5 | 0 | 0 | 0 | 0 | 1.48M |
| NII Growth % | - | -100% | - | - | - | 657.85% |
| Net Interest Margin % | 0.19% | 0% | 0% | 0% | 0% | 4.54% |
| Interest Income | 5 | 0 | 0 | 0 | 0 | 1.48M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Income | -5 | 0 | 0 | 0 | 0 | -1.48M |
| Non-Interest Income % | - | - | - | - | - | - |
| Total Revenue | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% |
| Revenue Growth % | - | - | - | - | - | 0% |
| Non-Interest Expense | 6.34K | 86.68K | 107.19K | 62.4K | 889.3K | 883.83K |
| Efficiency Ratio | - | - | - | - | - | - |
| Operating Income | -6.34K▲ 0% | -86.68K▼ 1266.5% | -107.19K▼ 23.7% | -62.4K▲ 41.8% | -889.3K▼ 1325.2% | -647.24K▲ 0% |
| Operating Margin % | - | - | - | - | - | - |
| Operating Income Growth % | - | -1266.5% | -23.67% | 41.79% | -1325.18% | - |
| Pretax Income | -6.34K▲ 0% | -86.68K▼ 1267.6% | -107.19K▼ 23.7% | -62.4K▲ 41.8% | 909.84K▲ 1558.1% | 2.1M▲ 0% |
| Pretax Margin % | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -6.34K▲ 0% | -86.68K▼ 1267.6% | -107.19K▼ 23.7% | -62.4K▲ 41.8% | 909.84K▲ 1558.1% | 2.1M▲ 0% |
| Net Margin % | - | - | - | - | - | - |
| Net Income Growth % | - | -1267.58% | -23.67% | 41.79% | 1558.1% | 404.54% |
| Net Income (Continuing) | -6.34K | -86.68K | -107.19K | -62.4K | 909.84K | 2.1M |
| EPS (Diluted) | -0.00▲ 0% | -0.04▼ 5012.5% | -0.05▼ 23.7% | -0.03▲ 41.7% | 0.10▲ 439.0% | 0.40▲ 0% |
| EPS Growth % | - | - | -23.72% | 41.7% | 438.98% | 910.13% |
| EPS (Basic) | -0.00 | -0.04 | -0.05 | -0.03 | 0.10 | - |
| Diluted Shares Outstanding | 7.81M | 2.12M | 2.12M | 2.12M | 8.86M | 5.27M |
FSHP Balance Sheet
Flag Ship Acquisition Corporation (FSHP) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 2.7K | 63.45K | 182.41K | 116.21K | 76.75K | 150.97K |
| Cash & Due from Banks | 2.7K | 63.45K | 182.41K | 116.21K | 76.75K | 18.75K |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 0 | 0 | 70.8M | 0 |
| Investments Growth % | - | - | - | - | - | -95.39% |
| Long-Term Investments | 0 | 0 | 0 | 0 | 70.8M | 214.62M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 60K | 30K | 30K | 0 | 32.58M |
| Total Current Assets | 2.7K | 74.22K | 186.88K | 120.55K | 172.48K | 54.69K |
| Total Non-Current Assets | 0 | 60K | 30K | 30K | 70.8M | 32.58M |
| Total Assets | 2.7K▲ 0% | 134.22K▲ 4867.4% | 216.88K▲ 61.6% | 150.55K▼ 30.6% | 70.97M▲ 47042.2% | 32.64M▲ 0% |
| Asset Growth % | - | 4867.36% | 61.59% | -30.58% | 47042.19% | 138027.78% |
| Return on Assets (ROA) | -234.57% | -126.61% | -61.06% | -33.97% | 2.56% | 6.43% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 19.44K | 212.63K | 432.97K | 433.55K | 677.85K | 0 |
| Net Debt | 16.74K | 149.18K | 250.57K | 317.34K | 601.1K | -18.75K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 19.44K | 212.63K | 432.97K | 433.55K | 677.85K | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 1.73M | 1.73M |
| Total Current Liabilities | 19.44K | 212.63K | 437.49K | 433.55K | 712.22K | 1.21M |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 1.73M | 1.73M |
| Total Liabilities | 19.44K | 212.63K | 437.49K | 433.55K | 2.44M | 2.93M |
| Total Equity | -16.74K▲ 0% | -78.42K▼ 368.5% | -220.61K▼ 181.3% | -283.01K▼ 28.3% | 68.53M▲ 24316.6% | -2.88M▲ 0% |
| Equity Growth % | - | -368.48% | -181.33% | -28.29% | 24316.59% | 43577.85% |
| Equity / Assets (Capital Ratio) | -619.47% | -58.42% | -101.72% | -187.98% | 96.57% | -8.81% |
| Return on Equity (ROE) | - | - | - | - | 2.67% | 4.1% |
| Book Value per Share | -0.00 | -0.04 | -0.10 | -0.13 | 7.73 | -0.55 |
| Tangible BV per Share | -0.00 | -0.04 | -0.10 | -0.13 | 7.73 | -0.55 |
| Common Stock | 0 | 1.73K | 1.73K | 1.73K | 70.8M | 32.59M |
| Additional Paid-in Capital | 0 | 23.27K | 23.27K | 23.27K | 0 | 0 |
| Retained Earnings | -16.74K | -103.42K | -245.61K | -308.01K | -2.27M | -2.88M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
FSHP Cash Flow Statement
Flag Ship Acquisition Corporation (FSHP) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -6.34K | -97.44K | -96.39K | -66.78K | -876.33K | -876.33K |
| Operating CF Growth % | - | -1437.43% | 1.08% | 30.72% | -1212.3% | -1294.4% |
| Net Income | -6.34K | -86.68K | -107.19K | -62.4K | 909.84K | 2.1M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | 0 | 0 | 0 | -1.8M | -2.87M |
| Working Capital Changes | 0 | -10.77K | 10.81K | -4.38K | 12.97K | 37.29K |
| Cash from Investing | 0 | 0 | 0 | 0 | -69M | -28.61M |
| Purchase of Investments | 0 | 0 | 0 | 0 | -69M | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investment Activity | 0 | 0 | 0 | 0 | -69M | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | -28.61M |
| Cash from Financing | 9.04K | 158.19K | 215.34K | 580 | 69.84M | -39.52M |
| Dividends Paid | 0 | 0 | 0 | 0 | -1.8M | -4.07M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 25K | 0 | 0 | 69.63M | 0 |
| Net Stock Activity | 0 | 25K | 0 | 0 | 69.63M | 0 |
| Debt Issuance (Net) | 0 | 193.19K | 220.34K | 580 | -433.55K | -65.07K |
| Other Financing | 9.04K | -60K | -5K | 0 | 2.44M | -35.38M |
| Net Change in Cash | 2.7K▲ 0% | 60.75K▲ 2148.4% | 118.95K▲ 95.8% | -66.2K▼ 155.6% | -39.46K▲ 40.4% | 18.54K▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 0 | 2.7K | 63.45K | 182.41K | 116.21K | 19.77K |
| Cash at End | 2.7K | 63.45K | 182.41K | 116.21K | 76.75K | 18.75K |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -6.34K▲ 0% | -97.44K▼ 1437.4% | -96.39K▲ 1.1% | -66.78K▲ 30.7% | -876.33K▼ 1212.3% | -644.25K▲ 0% |
| FCF Growth % | - | -1437.43% | 1.08% | 30.72% | -1212.3% | 1.05% |
FSHP Banking Ratios
Flag Ship Acquisition Corporation (FSHP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | - | 2.67% | 4.1% |
| Return on Assets (ROA) | -126.61% | -61.06% | -33.97% | 2.56% | 6.43% |
| Net Interest Margin | 0% | 0% | 0% | 0% | 4.54% |
| Equity / Assets | -58.42% | -101.72% | -187.98% | 96.57% | -8.81% |
| Book Value / Share | -0.04 | -0.1 | -0.13 | 7.73 | -0.55 |
| NII Growth | -100% | - | - | - | 1413.14% |
| Dividend Payout | - | - | - | 197.74% | 194.01% |
FSHP Frequently Asked Questions
Flag Ship Acquisition Corporation (FSHP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Flag Ship Acquisition Corporation (FSHP) grew revenue by 0.0% over the past year. Growth has been modest.
Yes, Flag Ship Acquisition Corporation (FSHP) is profitable, generating $2.1M in net income for fiscal year 2024.
Dividend & Returns
Yes, Flag Ship Acquisition Corporation (FSHP) pays a dividend with a yield of 1.86%. This makes it attractive for income-focused investors.
Flag Ship Acquisition Corporation (FSHP) has a return on equity (ROE) of 2.7%. This is below average, suggesting room for improvement.
Industry Metrics
Flag Ship Acquisition Corporation (FSHP) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.
Flag Ship Acquisition Corporation (FSHP) has an efficiency ratio of 0.0%. This is excellent, indicating strong cost control.
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Flag Ship Acquisition Corporation (FSHP) financial analysis — history, returns, DCA and operating performance tools
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