Change Agents $CHGA Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up CHANGE AGENTS CORPORATION ($CHGA). Last filing: DEF 14A, 2026-09-29. 33 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $1.3M (FY2024). Experience: revenue up 6.2% on the year, down 0.8% a year over 4 years; operating margin -363.1%, up from -1254.6%. Soundness: equity 33.8% of assets, return on equity -111.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $911K and $2.0M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $865K to $2.1M. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, services-computer programming services): operating margin -363.1% against a 5.7% median; growth 6.2% against 6.7%.
Speed and cash · fiscal 2024
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | −$5M · −$0M · $8M · — |
| Investment book (cash · short · long) | $3M · — · — · current ratio 0.23 |
| Revenue swing · equity of assets | 9.5% · 33.9% |
Change Agents is growing slower than its size class, with steadier revenue. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2024-12-31 |
| Revenue | $1M |
| Revenue, on the year | 6.2% |
| Revenue, a year over the record | −0.8% |
| Operating margin | −363.1% |
| Operating margin, prior year | −1254.6% |
| Net margin | −592.7% |
| Research and development | $0M · 0.0% of revenue |
| Total debt | — |
| Equity of assets | 33.8% |
| Return on equity | −111.3% |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $-8.44 |
| Book value per share | $7.58 |
| Revenue per share | $1.42 |
| Shares outstanding | 936,614 |
| Audited years read | 5 |
Peers: the median of 12 filers with $50M+ revenue in services-computer programming services.
Health HarborChange Agents sails as: Weathered boat
Health watch · 12 monthsExchange listing notice or transfer ×2Director or officer change ×5
Sailing speed follows growth: -1.4% a year crosses the harbor in 84 seconds.
🌊 Visit the Bay →- operating cash flow was negative
- revenue is hard to predict: its 80% range is ±36%
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- DEF 14A · 2026-09-29
- 8-K · 2026-09-14 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits
- 8-K · 2026-08-31 · 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-08-31 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 8-K · 2026-08-24 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits
- 8-K · 2026-08-18 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits
Its latest audited year is FY2025, which reports no revenue; the revenue figures and the range here are from FY2024, its last year with revenue on record. Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company