Company Analysis

Change Agents Corporation (CHGA)

Nasdaq: CHGA · Services-Computer Programming Services · Freehold, NJ · filing with the SEC since 2015
Grade3.5
◀ Past 3.0● Present 2.3▶ Future 4.9
2 est.

The grade of Change Agents Corporation

Nine metrics read from its own filings, by tense
Headline grade
3.5/10
◀ Past3.025% of the headline
● Present2.335% of the headline
▶ Future4.940% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.0/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.8/10

Has it survived what it has been through?

20 warning events since 2017; the latest 2026-04-17.

weight 22% of this tense · 18th percentile among 34 sector filers · read for itself

From the record

Change Agents Corporation's filings since 2017 show 20 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 12 times, the latest 2026-04-17); an auditor change (8-K item 4.01, 2 times, the latest 2024-07-16); a late-report notice (Form NT 10-K or NT 10-Q, 6 times, the latest 2024-08-14) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.2/10

What has it actually done, year after year?

+10.1% a year over 9 filed years; profitable in 1 of 9.

weight 45% of this tense · 42nd percentile among 33 sector filers · read for its customers

From the record

Change Agents Corporation's 9 filed years say what it did: revenue went from $616 thousand in fiscal 2016 to $1 million in fiscal 2024, up 10.1% a year; it rose in 5 of 8 years; the deepest fall was 23% from fiscal 2018 to fiscal 2022; net income was positive in 1 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span10.1%top 50% of its family
  • the share of years revenue rosebottom 44% of its family
  • the share of filed years with a profitbottom 32% of its family
  • the deepest fall from a revenue peak23.1%bottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.1/10

How has it treated the people who own it?

SI estimate 2.1/10, confidence 35 of 100 (one part).

weight 33% of this tense · 21st percentile among 32 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 21% of 32 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 32 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Change Agents Corporation's shareholder treatment is put at 2.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 21% of 32 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.3/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
1.9/10

Is it financially healthy right now?

ROE -198%: lost 198¢ per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.

weight 45% of this tense · 19th percentile among 31 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Change Agents Corporation lost about 198 cents for every dollar of shareholders' money. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count grew 242.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 23% of its family
  • return on equitybottom 19% of its family
  • the share count against the year beforebottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.1/10

How strong is its position in its industry?

bottom 21% of 33 in its family; net margin -592.7%.

weight 33% of this tense · 21st percentile among 33 sector filers · read for its customers

From the record

Change Agents Corporation's standing among 33 graded names in its industry family: revenue of $1 million in fiscal 2024 ranks in the bottom 10% by size; a net margin of -592.7% ranks in the bottom 20%; revenue growth of -1.4% a year over the last 3 filed years ranks in the bottom 32% (its annual reports).

What it rests on

  • revenue against the family$1.3Mbottom 10% of its family
  • net margin-592.7%bottom 20% of its family
  • three-year revenue growth-1.4%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.3/10

What are the people in charge doing?

bottom 33% of 11 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 33rd percentile among 11 sector filers · read for its shareholders

From the record

Change Agents Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Li, Meng (Interim CEO, as filed), filing under that title since 2026-07-13, 4 months (bottom 19% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 9 years (top 28%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 8%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 6 peoplebottom 8% of its family
  • the median years the people in charge have filed9.0 yearstop 28% of its family
  • the chief executive's years on the record4 monthsbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
2.0/10

How much room does it have to grow?

SI estimate 2.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 20th percentile among 33 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the bottom 20% of 33 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 33 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Change Agents Corporation's room to expand is put at 2.0 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 20% of 33 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
3.7/10

What could actually drive growth from here?

bottom 37% of 33 in its family for growth drivers.

weight 45% of this tense · 37th percentile among 33 sector filers · read for its customers

From the record

Change Agents Corporation's growth drivers, from the filed years to fiscal 2024: revenue grew -1.4% a year over the last three filed years against 10.1% over all 9, slowing (bottom 32% of its family); the newest year grew 6.2% (top 38%); capital spending grew -27.1% a year (bottom 17%) (its annual reports). Change Agents Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-11.5 points a yearbottom 32% of its family
  • the newest year's revenue growth6.2%top 38% of its family
  • three-year growth of capital spending-27.1%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.6/10

Did its newest year beat what its own record pointed to?

top 14% of 29 in its family for expectations against reality.

weight 33% of this tense · 86th percentile among 29 sector filers · read for its shareholders

From the record

Change Agents Corporation's newest year against its own record: revenue of $1 million in fiscal 2024 came in 11.8% above the $1 million its prior three years' pace pointed to (top 22% of its family); net income of $8 million against a prior three-year average of $13 million (top 16%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 5%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace11.8%top 22% of its family
  • net income against the prior three years' average+37%top 16% of its family
  • net margin against its prior averageup more than 100 pointstop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CHGA · research, not advice