Flag Ship Acquisition Corp(FSHP)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $0.0M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
FSHP Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Flag Ship Acquisition Corp (FSHP), a Financials sector company. FSHP is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $0.0m in revenue. Based on the latest XBRL financial filings (Q1 2026), Flag Ship Acquisition Corp reports net income of $159.8K, free cash flow of $-34.7K. Top institutional holders of FSHP by reported 13-F value include Karpus Management,, MIZUHO SECURITIES USA, BERKLEY W R, based on the most recent SEC filings. FSHP trades on the Nasdaq exchange and files with the SEC under CIK 1850059. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FSHP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Flag Ship Acquisition Corp directly from SEC EDGAR.
Net Income
Q1 2026
$159.8K
Free Cash Flow
Q1 2026
$-34.7K
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
+101.0% YoYEPS (Diluted)
+41.2% YoYTotal Assets
-53.4% YoYOp. Cash Flow
+45.3% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net Income | $1.8M +101.0% | $909.8K +1558.1% | $-62.4K | — |
| EPS (Diluted) | $0.24 +41.2% | $0.17 | — | — |
| Total Assets | $33.1M -53.4% | $71.0M +47042.2% | $150.5K | — |
| Operating Cash Flow | $-479.1K +45.3% | $-876.3K -1212.3% | $-66.8K | — |
AI Insight: FSHP Financial Trends
FSHP remains a blank-check vehicle with minimal operating activity and persistently negative equity across eight quarters.
• Net income fluctuated between $0M and $1M across all periods; no sustainable earnings generation observed.
• Operating cash flow remained at or near $0M throughout; no material cash generation or burn detected.
• Equity deteriorated from -$2M (Q2 2024) to -$3M (Q2 2025 onwards), signaling accumulated losses or shareholder dilution.
⚠ Negative equity now sustained for 4 consecutive quarters—indicates liabilities exceed assets; merger/liquidation risk.
⚠ No revenue, op income, or debt data reported—typical of inactive SPAC awaiting deal or dissolution.
AI Insight: FSHP Ratio Trends
ROA has collapsed to 1.9% in Q1 2026, the lowest point in the entire dataset, signaling severe profitability deterioration.
• ROA declined sharply from 5.6% in Q3 2025 to 1.9% in Q1 2026, a 370bp drop in two quarters.
• TTM ROA of 4.2% masks recent weakness; latest quarter performance is nearly 55% below TTM level.
⚠ Q4 2025 ROA of 2.5% was already concerning; Q1 2026 deterioration suggests structural, not seasonal, pressure.
⚠ No other profitability or leverage metrics available; limited visibility into margin drivers or financial structure.
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Available Research
13F Pro tracks comprehensive data for Flag Ship Acquisition Corp including:
Top Institutional Holders of FSHP
Karpus Management, Inc.
$8.0M727,825 shMIZUHO SECURITIES USA LLC
$4.9M450,500 shBERKLEY W R CORP
$4.7M434,420 shHEIGHTS CAPITAL MANAGEMENT, INC
$3.3M302,347 shRLH Capital LLC
$2.7M248,949 shPolar Asset Management Partners Inc.
$1.6M150,000 shWOLVERINE ASSET MANAGEMENT LLC
$1.5M136,233 shQuarry LP
$1.4M130,000 shAQR Arbitrage LLC
$1.3M120,326 shCrossingbridge Advisors, LLC
$1.0M93,552 sh
| Fund | Value | Shares |
|---|---|---|
| Karpus Management, Inc. | $8.0M | 727,825 |
| MIZUHO SECURITIES USA LLC | $4.9M | 450,500 |
| BERKLEY W R CORP | $4.7M | 434,420 |
| HEIGHTS CAPITAL MANAGEMENT, INC | $3.3M | 302,347 |
| RLH Capital LLC | $2.7M | 248,949 |
| Polar Asset Management Partners Inc. | $1.6M | 150,000 |
| WOLVERINE ASSET MANAGEMENT LLC | $1.5M | 136,233 |
| Quarry LP | $1.4M | 130,000 |
| AQR Arbitrage LLC | $1.3M | 120,326 |
| Crossingbridge Advisors, LLC | $1.0M | 93,552 |
More Financials Companies
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Popular Research
Is FSHP a good stock to buy?
13F Pro's AI-powered analysis of Flag Ship Acquisition Corp (FSHP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FSHP are available on the FSHP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own FSHP?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FSHP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Flag Ship Acquisition Corp's investment landscape.