# CHANGE AGENTS CORPORATION (CHGA) · Edgar & Edgarette company card

> Change Agents (CHGA) grew revenue 6.2% in FY2024 to $1 million, operating margin -363% against a 5.7% median for computer programming services, equity 33.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1630212 · fiscal year ended 2024-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/CHGA) · [JSON](https://www.pops4.com/boards/company/CHGA.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1M |
| Revenue growth, 1 year | 6.2% |
| Revenue growth per year | -0.8% |
| Operating margin | -363.1% (prior year -1254.6%) |
| Net margin | -592.7% |
| Operating cash flow | −$5M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $3M |
| Long-term debt | — |
| Total assets | $21M |
| Total equity | $7M |
| Equity ÷ assets | 33.8% |
| Return on equity | -111.3% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -17.96 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Weathered boat · two warning signs · operating cash flow was negative; revenue is hard to predict: its 80% range is ±36%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

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%.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 2, latest 2026-04-17 ([filing](https://www.sec.gov/Archives/edgar/data/1630212/000121390026045160/0001213900-26-045160-index.htm))
- Item 5.02 Director or officer change: 9, latest 2026-11-05 ([filing](https://www.sec.gov/Archives/edgar/data/1630212/000121390026116448/0001213900-26-116448-index.htm))

## Recent filings

- 8-K · filed 2026-11-05 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1630212/000121390026116448/0001213900-26-116448-index.htm)
- 8-K · filed 2026-10-30 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1630212/000121390026114381/0001213900-26-114381-index.htm)
- 8-K · filed 2026-10-19 · 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 · [filing](https://www.sec.gov/Archives/edgar/data/1630212/000121390026110727/0001213900-26-110727-index.htm)
- 8-K · filed 2026-10-16 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1630212/000121390026110039/0001213900-26-110039-index.htm)
- 8-K · filed 2026-10-08 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1630212/000121390026107737/0001213900-26-107737-index.htm)
- 8-K · filed 2026-10-02 · 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 · [filing](https://www.sec.gov/Archives/edgar/data/1630212/000121390026106387/0001213900-26-106387-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001630212.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1630212

## Cite

POPS4, Edgar & Edgarette: CHANGE AGENTS CORPORATION (CHGA) company card, from the company's own SEC filings, accessed 2026-11-14, https://www.pops4.com/boards/company/CHGA. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.