FSHP Flag Ship Acquisition Corp. - Ordinary Shares
$11.19
Price · Aug 14, 2026
Fundamentals as of Oct 31, 2025
52W Range
$10–$12
46% of range
Analyst Rating
—
Price Target
—
P/E (TTM)
—
ROE
-43.4%
Net Profit Margin
—
FSHP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$11.19
Market Cap
$22M
P/E (TTM)
—
EPS (TTM)
—
Revenue (TTM)
—
Div Yield
—
ROE
-43.4%
Debt/Equity
—
52W Range
$11 – $12
FSHP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
—
Free Cash Flow
—
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FSHP
Peer Median
P/B
-9.7
1.0
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FSHP
Peer Median
ROA
2.6%
2.0%
ROE
-43.4%
2.0%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FSHP
Peer Median
Current Ratio
0.2
0.5
Quick Ratio
0.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FSHP
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FSHP
Peer Median
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 3
| Metric | Trend | 2024 | 2023 |
|---|---|---|---|
| SG&A Expense | $889.3K | $62.4K | |
| Pretax Income | $909.8K | $-62.4K | |
| Net Income | $909.8K | $-62.4K |
Balance Sheet 12
| Metric | Trend | 2024 | 2023 |
|---|---|---|---|
| Cash & Equivalents | $76.7K | $116.2K | |
| Current Assets | $172.5K | $120.5K | |
| Total Assets | $71M | $150.5K | |
| Accrued Liabilities | $34.4K | · | |
| Current Liabilities | $712.2K | $433.6K | |
| Total Liabilities | $2M | $433.6K | |
| Common Stock | $2.0K | $1.7K | |
| Paid-in Capital | · | $23.3K | |
| Retained Earnings | $-2M | $-308.0K | |
| Stockholders' Equity | $-2M | $-283.0K | |
| Liabilities + Equity | $71M | $150.5K | |
| Shares Outstanding | 1,963,000 | 1,725,000 |
Cash Flow 4
| Metric | Trend | 2024 | 2023 |
|---|---|---|---|
| Amort. of Intangibles | $5M | · | |
| Operating Cash Flow | $-876.3K | $-66.8K | |
| Investing Cash Flow | $-69M | · | |
| Financing Cash Flow | $70M | $580 |
Profitability 2
| Metric | Trend | 2024 | 2023 |
|---|---|---|---|
| ROA | 2.6% | · | |
| ROE | -43.4% | · |
Liquidity & Solvency 2
| Metric | Trend | 2024 | 2023 |
|---|---|---|---|
| Current Ratio | 0.2 | · | |
| Quick Ratio | 0.1 | · |
Valuation (TTM) 4
| Metric | Trend | 2024 | 2023 |
|---|---|---|---|
| Net Income TTM | $909.8K | · | |
| Market Cap | $20M | · | |
| P/B | -8.8 | · | |
| P / Cash Flow | -22.8 | · |
Income Statement 3
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|
| SG&A Expense | $236.6K | $152.6K | $162.1K | $403.0K | $78.0K | |
| Pretax Income | $453.5K | $589.6K | $577.7K | $488.3K | $19.9K | |
| Net Income | $453.5K | $589.6K | $577.7K | $488.3K | $19.9K |
Balance Sheet 11
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $18.8K | $19.8K | $35.7K | $215 | $105.6K | |
| Current Assets | $54.7K | $84.6K | $156.7K | $120.8K | $237.7K | |
| Total Assets | $33M | $72M | $72M | $70M | $69M | |
| Accrued Liabilities | $35.4K | $8.7K | $8.2K | $10.4K | $31.9K | |
| Current Liabilities | $1M | $939.1K | $858.5K | $328.0K | $41.9K | |
| Total Liabilities | $3M | $3M | $3M | $2M | $2M | |
| Common Stock | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | |
| Retained Earnings | $-3M | $-3M | $-2M | $-2M | $-2M | |
| Stockholders' Equity | $-3M | $-3M | $-2M | $-2M | $-2M | |
| Liabilities + Equity | $33M | $72M | $72M | $70M | $69M | |
| Shares Outstanding | 1,963,000 | 1,963,000 | 1,963,000 | 1,963,000 | 1,963,000 |
Cash Flow 4
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|
| Amort. of Intangibles | $0 | $0 | $5M | $0 | · | |
| Operating Cash Flow | $-151.0K | $-65.9K | $-183.5K | $-413.0K | $-149.1K | |
| Investing Cash Flow | · | · | · | $0 | · | |
| Financing Cash Flow | $-40M | $50.0K | $142.5K | $307.6K | $69M |
Profitability 2
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|
| ROA | 0.88% | 0.83% | 1.6% | 1.4% | 0.06% | |
| ROE | -18.9% | -28.7% | -47.6% | -50.5% | -2.6% |
Liquidity & Solvency 2
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.0 | 0.1 | 0.2 | 0.4 | 5.7 | |
| Quick Ratio | 0.0 | 0.0 | 0.0 | 0.0 | 2.5 |
Valuation (TTM) 4
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|
| Net Income TTM | $2M | $2M | $1M | $386.7K | $-99.1K | |
| Market Cap | $21M | $20M | $20M | $20M | · | |
| P/B | -7.3 | -7.9 | -8.4 | -10.2 | · | |
| P / Cash Flow | · | · | -110.5 | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2024-12-31 | 2023-12-31 | |
|---|---|---|
| Net Income | $909.8K | $-62.4K |
Balance Sheet
| 2024-12-31 | 2023-12-31 | |
|---|---|---|
| Current Ratio | 0.2 | — |
| Quick Ratio | 0.1 | — |
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Institutional owners (13F) 15 filers · $25.7M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 1 (-1 vs prior Q) | 4 (+4 vs prior Q) | 2 (-2 vs prior Q) | 6 (+1 vs prior Q) | -1.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| MIZUHO SECURITIES USA LLC | $6,759,875 | 659,500 | 26.32% | Shares |
| BERKLEY W R CORP | $4,991,126 | 449,489 | 19.43% | Shares |
| MIZUHO SECURITIES USA LLC | $4,360,000 | 400,000 | 16.98% | Shares |
| HEIGHTS CAPITAL MANAGEMENT, INC | $3,272,731 | 296,443 | 12.74% | Shares |
| Polar Asset Management Partners Inc. | $1,392,500 | 125,000 | 5.42% | Shares |
| AQR Arbitrage LLC | $1,335,078 | 120,931 | 5.20% | Shares |
| Crossingbridge Advisors, LLC | $1,030,008 | 93,552 | 4.01% | Shares |
| Quarry LP | $887,200 | 80,000 | 3.45% | Shares |
| Clear Street Group Inc. | $651,637 | 58,130 | 2.54% | Shares |
| Westchester Capital Management, LLC | $527,159 | 47,880 | 2.05% | Shares |
| GOLDMAN SACHS GROUP INC | $424,311 | 38,434 | 1.65% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $48,907 | 4,430 | 0.19% | Shares |
| MORGAN STANLEY | $629 | 57 | 0.00% | Shares |
| UBS Group AG | $331 | 30 | 0.00% | Shares |
| CLEAR STREET LLC | $83 | 8 | 0.00% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Whale Management Corporation, Matthew Chen | June 21, 2024 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.