Flag Ship Acquisition Corp
Flag Ship Acquisition Corp maintains a capital structure with a market cap of $55.18 million and a price-to-book ratio of 0.81, indicating that the market values the company at a discount to its book value. The company's liquidity position is characterized by a current ratio of 0.24, suggesting limited short-term liquidity, and a negative net cash position after subtracting total debt. The company's equity base is substantial at $68.53 million, but its liabilities are relatively low at $2.44 million, with long-term debt at $677,850. Profitability metrics show a return on equity (ROE) of 1.33% and a return on assets (ROA) of 1.28%, both of which are modest and below the typical performance of investment holding companies. The company reported a net income of $909,840 despite an operating loss of $889,300, indicating that non-operational gains or income sources contributed to profitability. The operating cash flow is negative at $876,330, which may signal challenges in generating consistent cash from operations. The company's revenue is not disclosed in the available data, and it does not report segment or geographic revenue breakdowns, which is typical for SPACs that have not yet
Business. Flag Ship Acquisition Corp (FSHP.O) is an investment holding company listed on the NASDAQ. The firm operates within the Financials sector, specifically classified under Investment Holding Companies. No specific operating segments or geographic breakdowns are provided in the available data.
At a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Flag Ship Acquisition Corp (FSHP.O) is an investment holding company listed on the NASDAQ. The firm operates within the Financials sector, specifically classified under Investment Holding Companies. No specific operating segments or geographic breakdowns are provided in the available data.
Flag Ship Acquisition Corp maintains a capital structure with a market cap of $55.18 million and a price-to-book ratio of 0.81, indicating that the market values the company at a discount to its book value. The company's liquidity position is characterized by a current ratio of 0.24, suggesting limited short-term liquidity, and a negative net cash position after subtracting total debt. The company's equity base is substantial at $68.53 million, but its liabilities are relatively low at $2.44 million, with long-term debt at $677,850.
Profitability metrics show a return on equity (ROE) of 1.33% and a return on assets (ROA) of 1.28%, both of which are modest and below the typical performance of investment holding companies. The company reported a net income of $909,840 despite an operating loss of $889,300, indicating that non-operational gains or income sources contributed to profitability. The operating cash flow is negative at $876,330, which may signal challenges in generating consistent cash from operations.
The company's revenue is not disclosed in the available data, and it does not report segment or geographic revenue breakdowns, which is typical for SPACs that have not yet completed a business combination. As a SPAC, its business model is centered on raising capital for a future acquisition, and its performance is not yet tied to a specific operating business.
The company's growth trajectory is speculative, as it has not yet completed a business combination. The outlook for the current fiscal year is not quantified, but the company's future performance will depend on the success of its acquisition strategy and the financial performance of the target business. The company's risk profile includes liquidity concerns due to its low current ratio and negative net cash position. The dilution risk is currently low, but the company may issue additional shares in the future to fund its acquisition or for other corporate purposes.
Recent events include the company's ongoing status as a SPAC with no disclosed acquisition activity. The company has not filed any recent earnings reports or transcripts that would provide further insight into its operations or strategic direction.
- The company's liquidity position is weak, with a current ratio of 0.24 and negative net cash after debt.
- The company's profitability is modest, with ROE and ROA at 1.33% and 1.28%, respectively.
- The company's capital structure is equity-heavy, with a low debt-to-equity ratio of 0.01.
- The company's future performance is contingent on the success of its acquisition strategy.
- The company has not disclosed segment or geographic revenue data, which is typical for SPACs.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Flag Ship Acquisition Corp Market data — financials · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Leadership
- Matthew ChenChairman of the Board, Chief Executive Officer
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 41.2%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -53.4%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -39.7%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 30.8%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 41.2%Derived (calculated)
- Return on equity (FY 2025-12-31): -57.8%Derived (calculated)
- Return on assets (FY 2025-12-31): 5.5%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.02xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): -1.01xDerived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 101.0%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 45.3%Derived (calculated)
- Pre-tax income (annual): USD 1.83MSEC XBRL filing
- Current liabilities (annual): USD 1.46MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES 0SEC XBRL filing
- Shareholders' equity (annual): USD -3.16MSEC XBRL filing
- Total liabilities (annual): USD 3.19MSEC XBRL filing
- Net income (annual): USD 1.83MSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES 0SEC XBRL filing
- Total assets (annual): USD 33.11MSEC XBRL filing
- Shares outstanding (annual): 1.96MSEC XBRL filing
- Current assets (annual): USD 25.07KSEC XBRL filing
- Operating cash flow (annual): USD -479.1KSEC XBRL filing
- Return on assets (FY 2024-12-31): 1.3%Derived (calculated)
- Debt-to-equity (FY 2024-12-31): -1.08xDerived (calculated)