Change Agents Corporation (CHGA) Financials
Ticker history: ALBT became CHGA (Change Agents Corporation) on . Earlier news and filings retain their original names and dates. View ALBT history.
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the S-1/A for Q2 FY2026, filed Sep 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CHGA SEC filings page.
This page shows Change Agents Corporation (CHGA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
The business remains cash-consuming, with short-term obligations dominating financing despite balance-sheet growth exceeding liability growth.
FY2025 net loss reached$18.3M while operating cash flow was-$4.6M , so accounting losses did not translate one-for-one into cash use. Depreciation and amortization reached$2.3M , helping explain part of that gap, but operations still consumed cash.
The balance sheet is heavily short-term:
From FY2024 to FY2025, assets grew
Financial Health Signals
We do not publish a peer-relative financial health score for Change Agents Corporation, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Change Agents Corporation passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
Change Agents Corporation reported a net loss of $18.3M while operations used $4.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Change Agents Corporation reported an operating loss of $7.6M against $1.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Change Agents Corporation's EBITDA was -$925K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Change Agents Corporation reported a net loss of $2.2M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Cash & Balance Sheet
Change Agents Corporation held $39K in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Change Agents Corporation's quarterly ROE was -21.6% in Q2 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is up 16.6 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
CHGA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-1/A | Q1'26Filing | Q4'25S-1/A | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | $350K+1.4% | $350K+6.9% | $350K-32.6% | $346K-32.2% | $345K-21.4% |
| Operating Income | -$2.1Mn/m | -$2.7Mn/m | -$1.8Mn/m | -$76Kn/m | -$3.9Mn/m | -$1.8Mn/m | -$1.3Mn/m | -$1.3Mn/m |
| EBITDA | -$925Kn/m | -$1.6Mn/m | N/A | $57Kn/m | -$3.9Mn/m | -$1.7Mn/m | -$1.2Mn/m | -$1.1Mn/m |
| Interest Expense | N/A | N/A | N/A | $267K-51.1% | $1.1M+30.9% | $560K+7.9% | -$214K-134.9% | $547K+24.7% |
| Net Income | -$2.2Mn/m | -$4.5Mn/m | -$2.1Mn/m | -$254Kn/m | -$13.5Mn/m | -$2.5Mn/m | -$2.7Mn/m | -$1.7Mn/m |
| EPS (Basic) | -$2.76 | -$10.00 | $9.20 | -$1.20 | -$124.48 | -$28.60 | -$39.80 | -$36.40 |
| EPS (Diluted) | -$2.76 | -$10.00 | $9.20 | -$1.20 | -$124.48 | -$28.60 | -$39.80 | -$36.40 |
| Diluted Shares (Avg) | 789,622 | 9M | N/A | 4M | 108,116 | 2M | N/A | 924,431 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Income Tax.
CHGA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-1/A | Q1'26Filing | Q4'25S-1/A | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.7M+84.3% | $16.2M+53.1% | $23.4M+11.5% | $9.1M-53.3% | $8.0M-59.1% | $10.6M-47.8% | $21.0M+2.0% | $19.6M-34.8% |
| Current Assets | $500K-46.4% | $1.7M-40.2% | $1.5M-53.8% | $2.1M+49.6% | $933K+30.9% | $2.8M+259.2% | $3.2M+280.4% | $1.4M+61.7% |
| Cash & Equivalents | $39K-80.5% | $776K-43.3% | $109K-95.9% | $334K-67.4% | $202K+0.5% | $1.4M+348.4% | $2.7M+831.4% | $1.0M+199.7% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $71K-17.7% | $72K-20.3% | $75K-18.9% | $80K | $86K | $90K | $92K | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $12.8M | $12.8M | $12.8M | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $4.6M-69.2% | $4.5M-68.8% | $14.2M+2.1% | $13.6M-3.7% | $15.1M0.0% | $14.5M+1.6% | $13.9M+5.1% | $14.1M+7.6% |
| Current Liabilities | $4.6M-69.5% | $4.4M-69.2% | $14.1M+1.9% | $13.6M+10.3% | $15.1M+75.3% | $14.4M+85.2% | $13.9M+105.3% | $12.3M+84.3% |
| Non-Current Liabilities | $56K+60.5% | $77K+48.6% | $24Kn/m | $18K-99.0% | $35K-99.5% | $52K-99.2% | $0-100.0% | $1.8M-71.8% |
| Total Equity | $10.1Mn/m | $11.7Mn/m | $9.2M+30.0% | -$4.5M-183.2% | -$7.1M-261.0% | -$3.9M-164.3% | $7.1M-3.6% | $5.4M-67.9% |
| Retained Earnings | -$112.6Mn/m | -$110.4Mn/m | -$105.9Mn/m | -$103.9Mn/m | -$103.6Mn/m | -$90.2Mn/m | -$87.7Mn/m | -$84.9Mn/m |
Not reported in any period shown, so not listed: Accounts Receivable, Long-Term Debt.
CHGA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-1/A | Q1'26Filing | Q4'25S-1/A | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$696Kn/m | -$2.9Mn/m | -$192Kn/m | -$1.6Mn/m | -$1.1Mn/m | -$1.7Mn/m | -$1.1Mn/m | -$1.9Mn/m |
| Depreciation & Amortization | $1.1M+746090.1% | $1.1M+911.8% | N/A | $133K-37.1% | $151-99.9% | $111K-47.3% | $211K+88.0% | $211K-14.8% |
| Stock-Based Compensation | $218K+4805.3% | $320K+1112.8% | N/A | N/A | $4K | $26K-42.4% | N/A | N/A |
| Investing Cash Flow | $35Kn/m | $281K+195.3% | $330Kn/m | $658Kn/m | $0 | $95K | $0-100.0% | $0-100.0% |
| Financing Cash Flow | -$76K-231.8% | $3.4M+1462.4% | $288K-90.1% | $835K-69.3% | $58K-94.6% | $220K-76.5% | $2.9M+296.7% | $2.7M+160.0% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
CHGA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'26S-1/A | Q1'26Filing | Q4'25S-1/A | Q3'25Filing | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | -21.8% | -1115.4% | -510.4% | -379.0% | -367.9% |
| Net Margin | N/A | N/A | N/A | -72.6% | -3840.9% | -709.6% | -788.0% | -486.5% |
| Return on Equity | -21.6% | -38.2% | -22.4%+16.0pp | N/A | N/A | N/A | -38.4%+91.3pp | -31.1%-22.3pp |
| Return on Assets | -14.8%+153.7pp | -27.6%-4.2pp | -8.8%+4.1pp | -2.8%+5.8pp | -168.5%-157.6pp | -23.4%-16.7pp | -13.0%+33.4pp | -8.6%-3.6pp |
| Current Ratio | 0.110.0x | 0.38+0.2x | 0.11-0.1x | 0.150.0x | 0.060.0x | 0.19+0.1x | 0.23+0.1x | 0.110.0x |
| Liabilities-to-Equity | 0.46 | 0.39 | 1.54-0.4x | N/A | N/A | N/A | 1.95+0.2x | 2.62+1.8x |
| Asset Turnover | N/A | N/A | N/A | 0.040.0x | 0.040.0x | 0.030.0x | 0.020.0x | 0.020.0x |
Not reported in any period shown, so not listed: Gross Margin, Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.11), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Change Agents Corporation CHGA | FY2025 | N/A | -$18.3M | N/A | $873K | — |
| Ucommune International Ltd UK | FY2025 | $3.7M | -$5.6M | N/A | $1.1M | 42/100 |
| New Concept Energy Inc GBR | FY2025 | $155K | -$46K | -29.7% | $2.9M | — |
| reAlpha Tech Corp. AIRE | FY2025 | $4.5M | -$17.6M | N/A | $2.8M | 49/100 |
| Stratum Holdings Corp. SRTM | FY2025 | $68.5M | -$30.5M | -44.6% | $769K | 32/100 |
| Fathom Holdings Inc. FTHM | FY2025 | $420.5M | -$20.3M | -4.8% | $4.7M | 43/100 |
Where Change Agents Corporation Ranks
Frequently Asked Questions
No, Change Agents Corporation (CHGA) reported a net loss of $9.0M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $18.3M.
Change Agents Corporation (CHGA) had EBITDA of -$5.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Change Agents Corporation (CHGA) has a return on equity of -197.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Change Agents Corporation (CHGA) recorded an outflow of $4.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Change Agents Corporation (CHGA) had $23.4M in total assets as of fiscal year 2025, including both current and long-term assets.
Change Agents Corporation (CHGA) had a current ratio of 0.11 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Change Agents Corporation (CHGA) had a liabilities-to-equity ratio of 1.54 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Change Agents Corporation (CHGA) had a return on assets of -78.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Change Agents Corporation (CHGA) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $873K as of Nov 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Change Agents Corporation (CHGA) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $873K as of Nov 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, Change Agents Corporation (CHGA) held $109K in cash, cash equivalents and investments, and reported an operating cash outflow of $4.6M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Change Agents Corporation (CHGA) has a Piotroski F-Score of 1 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Change Agents Corporation (CHGA) reported a net loss of $18.3M while operations used $4.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Change Agents Corporation (CHGA) reported an operating loss of $7.6M against $1.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.