Flag Ship Acquisition Corporation(FSHP)Earnings, Financials & Key Ratios

FSHP•NASDAQ•Banking & Credit

$11.10

33.6× P/E·Price updated Jun 25, 2026

SectorFinancial Services IndustrySPACs & Shell Companies Sub-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$2M+101.0%
Return on Equity3.72%+39.4%
Net Interest Margin0%
ROA3.51%+37.4%
Equity / Assets90.37%-6.4%
Book Value per Share5.42-29.9%

FSHP Price & Volume

Flag Ship Acquisition Corporation (FSHP) stock price & volume — 10-year historical chart

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Flag Ship Acquisition Faces Critical Liquidity Crisis

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Mixed

Profitability:Negative

Financial:Vulnerable

Cash Flow:Burning

Primary Risk:Imminent insolvency and delisting

Key Thesis Takeaways

Flag Ship Acquisition Corporation operates as a non-revenue generating shell entity with a severely compromised financial position, evidenced by a cash balance that has dwindled to just $1,800 as of 2026Q1.
The company's history of erratic capital allocation, including a $40.4M share repurchase in 2025Q3, appears fundamentally disconnected from its lack of operational revenue and persistent administrative cost burden.
Investors should exercise extreme caution as the current liquidity profile and negative free cash flow trajectory suggest a high risk of insolvency or delisting.

Verdict Logic

the company's cash reserves have plummeted to a nominal $1,800, creating an acute liquidity crisis that leaves virtually no buffer for ongoing regulatory compliance.

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-

TTM-9.74%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM27.7%

Return on Capital

10 Years-34.2%

5 Years-34.2%

3 Years-9.88%

Last Year-1.29%

Peers Comparison

Key metrics vs top competitors for Flag Ship Acquisition Corporation (FSHP)

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Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
FSHPFlag Ship Acquisition CorporationCurrent	$11.10	$98.38M	33.64	—	—	3.72%	4.06%
NHICNewHold Investment Corp III	$10.85	$299.46M	54.23	—	—	—	—
ACICAmerican Coastal Insurance Corporation	$10.76	$521.47M	5.00	13.07%	31.34%	33.02%	—
GSThe Goldman Sachs Group, Inc.	$1065.09	$328.05B	20.75	-1.38%	16.31%	14.31%	—
MSMorgan Stanley	$221.04	$348.64B	21.67	11.48%	15.13%	16.22%	—
JPMJPMorgan Chase & Co.	$335.12	$897.96B	16.71	3.31%	20.66%	16.32%	—