CHGA Change Agents Corporation.

Overview and Growth

Fiscal 2025 results for Change Agents Corporation. included net loss of $18.26M. The company reported diluted EPS of -$5.64, adding a shareholder-level measure to the absolute income figures considered below. The diluted weighted-average share count was 3.21M, linking total earnings with the per-share result received by shareholders. Diluted shares moved 242.8% from 936.61K in fiscal 2024, leaving the current share base higher year over year. At period end, total assets were $23.40M, framing the scale of the company’s operating and financing commitments.

Profitability

The reported operating result was an operating loss of $7.59M, reflecting costs that exceeded gross profit. After all below-operating-line items, the company recorded a net loss of $18.26M for the fiscal year. The company reported negative EBITDA of $7.50M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The pretax result was a loss of $17.52M, establishing the deficit before tax effects. The loss-to-equity relationship was 197.8%, placing the bottom-line deficit against shareholder capital. The loss-to-assets relationship was 78.0%, placing the bottom-line deficit against the company’s resource base. Compared with a $7.90M net loss in fiscal 2024, the current loss increased to $18.26M.

Liquidity and Capital Structure

The company held $23.40M of assets against $14.17M of liabilities and $9.23M of equity, revealing how the asset base was financed. The near-term balance sheet paired $1.50M of current assets with $14.15M of current liabilities at the reporting date. Current assets covered only 0.11x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $109.09K, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 0.8% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was 39.4%, placing book capital against the total resource base. Relative to total assets, liabilities measured 60.6%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 0.5%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 11.5% higher than fiscal 2024 assets of $20.99M, measuring the company’s own balance-sheet change. Reported equity changed 30.0% from $7.10M in fiscal 2024, placing the current capital base higher year over year. The reported cash balance changed 96.2% from $2.86M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $4.58M, showing that operations absorbed cash during the period. Compared with a $4.97M operating cash outflow in fiscal 2024, the current outflow improved to $4.58M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 26, 2026.