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Change Agents Corporation. key statistics and ratios

In fiscal 2024, Change Agents Corporation. had return on equity of -109.2% and a net margin of -592.7%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Change Agents Corporation.: financial ratios, annual
Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 2024LTMSept 2025
Net margin9.0%−375.8%−515.4%<−999%−920.3%−653.5%−333.6%<−999%−592.7%<−999%
Return on equity1.6%−70.8%−84.1%———−167.5%−180.3%−109.2%—
Return on assets1.5%−49.5%−61.8%−151.3%−121.6%−88.2%−79.6%−82.8%−38.0%−125.7%
Effective tax rate28.3%—————————
R&D as % of revenue——2.5%115.2%64.2%73.7%20.4%8.7%0.0%—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

0 /100

Weak moat

How hard Change Agents's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -78.4% of total assets over 10 years.

  • Pricing power 2 / 20

    Gross margin has been a median 26.1%, moving by 32.3 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -635.8%; its worst year was -1204.7%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -362.9% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 66.1% over five years; stock-based pay has been a median 131.0% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (12 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Change Agents Corporation.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Change Agents Corporation.