Flag Ship Acquisition Corp. Unit(FSHPU)Earnings, Financials & Key Ratios

FSHPU•NASDAQ

$11.01

33.4× P/E·Price updated Jul 6, 2026

SectorFinancial Services IndustrySPACs & Shell Companies Sub-IndustryGeneralist SPACs and blank checks

AboutFlag Ship Acquisition Corporation operates as a blank check company that focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2018 and is based in New York, New York. Flag Ship Acquisition Corporation operates as a subsidiary of Whale Management Corporation.Show more

EBITDA-$659K-172.4%
Net Income$2M+101.0%
EPS (Diluted)0.33+94.1%
ROE3.72%+39.4%

FSHPU Price & Volume

Flag Ship Acquisition Corp. Unit (FSHPU) stock price & volume — 10-year historical chart

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Flag Ship Acquisition Faces Imminent Liquidation Risk

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Contracting

Profitability:Negative

Financial:Vulnerable

Cash Flow:Burning

Primary Risk:Imminent Liquidation Risk

Key Thesis Takeaways

Flag Ship Acquisition Corp.
operates as a pre-merger shell entity with no operational revenue and a deteriorating financial position that threatens its status as a going concern.
The company's inability to secure a business combination after years of operation, coupled with a severe liquidity crisis, suggests that the current valuation is disconnected from its underlying asset reality.
Investors should exercise extreme caution as the company's capital base continues to erode through persistent administrative expenses and questionable capital allocation strategies.

Verdict Logic

the company's current ratio of 0.01 and the depletion of cash reserves to $1,800 suggest an imminent risk of liquidation that outweighs any potential speculative upside.

FSHPU Growth Metrics

Flag Ship Acquisition Corp. Unit (FSHPU) 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-

TTM45.74%

Return on Capital

10 Years-87.18%

5 Years-34.2%

3 Years-9.88%

Last Year-1.29%

Peers Comparison

Key metrics vs top competitors for Flag Ship Acquisition Corp. Unit (FSHPU)

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Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
FSHPUFlag Ship Acquisition Corp. UnitCurrent	$11.01	$108.83M	33.36	—	—	3.72%	4.09%
ACICAmerican Coastal Insurance Corporation	$11.35	$550.07M	5.28	13.07%	31.34%	33.02%	—
GSThe Goldman Sachs Group, Inc.	$1055.29	$325.03B	20.56	-1.38%	16.31%	14.31%	—
MSMorgan Stanley	$222.10	$350.31B	21.77	11.48%	15.13%	16.22%	—
JPMJPMorgan Chase & Co.	$337.72	$904.92B	16.84	3.31%	20.66%	16.32%	—
EVREvercore Inc.	$355.48	$13.75B	25.30	29.49%	16.3%	35.52%	—