Flag Ship Acquisition Corp
FSHPNasdaqFinancials · Blank Checks · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Revenue | — | — | — |
| Operating income | — | — | — |
| Net income | $1.8M | $909,838 | −$62,399 |
| Total assets | $33.1M | $71.0M | $150,548 |
| Total liabilities | $3.2M | $2.4M | $433,554 |
| Equity | −$3.2M | −$2.3M | −$283,006 |
| EPS (diluted) | $0.24 | $0.17 | — |
| Shares out. | 8.9M | 2.0M | 1.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −57.8%
- Return on assets
- 5.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 9.6%
- Debt / equity
- —
- Book value / share
- $-0.36
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- 101.0%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- 7.0%moderate
- Piotroski F-Score
- 2/7weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 1 warning● 1 good- Negative shareholder equity
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2026
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Cvi Investments, Inc.Passive (13G)May 19, 2026
- Berkley W R CorpPassive (13G)May 7, 2026
- First Trust Capital Management L.P.Passive (13G)Nov 14, 2025
- Wolverine Asset Management LlcPassive (13G)Oct 10, 2025
- Karpus Management, Inc.Passive (13G)Oct 7, 2025
- Mizuho Financial Group IncPassive (13G)Aug 13, 2025
- Td Securities (Usa) LlcPassive (13G)May 12, 2025
- Space Summit Capital LlcPassive (13G)Jan 29, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Whale Management Corp10% owner | Jun 20, 2024 | Buy | 238,000 | $10.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 318 | 1.0 | +2.9% |
| Apr 30, 2026 | 309 | 1.0 | +48.6% |
| Apr 15, 2026 | 208 | 1.0 | -29.0% |
| Mar 31, 2026 | 293 | 1.0 | -85.2% |
| Mar 13, 2026 | 1,975 | 1.0 | +32.7% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Delisting / listing-standard notice · Regulation FD disclosureMay 27, 2026
- Other material eventMay 11, 2026
- Entered a material agreement · Terminated a material agreementMay 4, 2026
- Delisting / listing-standard notice · Regulation FD disclosureApr 22, 2026
- New financial obligationJan 30, 2026
- Shareholder voteDec 19, 2025
- Entered a material agreementDec 12, 2025
- Other material eventSep 23, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.