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RDZN

Roadzen, Inc.

RDZN

Roadzen, Inc. • NASDAQ
$1.74 ▲ 1.16% (+0.02)
Market Cap $127.80 M
52w High $2.99
52w Low $0.68
Dividend Yield 0%
P/E -19.33
Volume 75.17K
Outstanding Shares 73.45M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $13.679M ▲ $30.005M ▲ $-2.108M ▲ -15.411% ▲ $-0.028 ▲ $-164.307K ▲
Q1-2026 $10.866M ▼ $8.916M ▼ $-4.006M ▼ -36.867% ▼ $-0.054 ▼ $-2.955M ▼
Q4-2025 $11.404M ▼ $11.2M ▲ $-135.678K ▲ -1.19% ▲ $-0.002 ▲ $1.633M ▲
Q3-2025 $12.086M ▲ $10.979M ▼ $-2.518M ▲ -20.831% ▲ $-0.037 ▲ $-1.206M ▲
Q2-2025 $11.874M $30.198M $-21.81M -183.677% $-318.67K $-23.348M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $5.34M ▲ $41.55M ▲ $62.401M ▲ $-26.94M ▲
Q1-2026 $3.25M ▼ $32.957M ▲ $61.751M ▲ $-28.082M ▼
Q4-2025 $5.034M ▼ $32.579M ▲ $58.27M ▼ $-25.074M ▲
Q3-2025 $5.884M ▼ $32.002M ▲ $62.476M ▼ $-29.919M ▲
Q2-2025 $6.263M $29.138M $63.421M $-33.789M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-2.108M ▲ $-6.078M ▼ $-182.908K ▲ $7.095M ▲ $1.849M ▲ $-6.159M ▼
Q1-2026 $-4.006M ▼ $-2.922M ▲ $-200.94K ▲ $1.437M ▼ $-1.71M ▼ $-3.196M ▲
Q4-2025 $-197.273K ▲ $-3.711M ▼ $-1.537M ▼ $4.51M ▲ $-776.351K ▼ $-4.085M ▼
Q3-2025 $-2.582M ▲ $-3.18M ▲ $188.673K ▲ $2.773M ▼ $-179.676K ▲ $-3.23M ▲
Q2-2025 $-21.831M $-5.584M $6.698K $3.427M $-2.145M $-5.584M

Five-Year Company Overview

Income Statement

Income Statement Roadzen looks like an early-stage, high-growth-style business that is still in the investment phase. Revenue is small and has been somewhat uneven, with a recent slight step back tied to changes in one product line in the U.K. Gross profit exists and is improving, but operating costs (especially for technology, people, and growth) are still much higher than gross profit, so the company remains clearly loss‑making. Management commentary suggests losses are narrowing more recently, which is a positive trend, but profitability is not yet in sight on a full‑year basis. Overall, the income statement shows promise on the top line but a business that still needs scale and cost discipline before it can stand on its own financially.

Balance Sheet

Balance Sheet The balance sheet is a weak point. Total assets are small, cash is limited, and the company carries a noticeable amount of debt relative to its size. Shareholder equity has been negative for several years, which means liabilities are greater than the book value of assets. This is not unusual for young, aggressive tech companies, but it does signal financial fragility and reliance on lenders and investors. Any setback in growth or funding conditions could be more painful for a company with this kind of balance‑sheet profile.

Cash Flow

Cash Flow Roadzen is consistently burning cash from its core operations, and free cash flow is negative. The good news is that capital spending on physical assets is very light, so most of the cash outflow is going into people, technology, and expansion rather than heavy equipment. The bad news is that the business is not yet self‑funding, so it depends on external capital to keep investing and cover its losses. The key watchpoint is whether improving margins and new contracts can steadily narrow this cash burn over the next few years.

Competitive Edge

Competitive Edge Competitively, Roadzen is positioned as a specialized, technology‑driven player in auto insurance and mobility rather than a traditional insurer. Its strengths include an A.I.-heavy platform, deep use of telematics and computer vision, and a broad suite of tools that cover underwriting, claims, roadside assistance, and customer interaction. The company benefits from a growing data advantage and strategic relationships with insurers, automakers, and fleets, which can be sticky if the technology works well. At the same time, insurtech is a crowded and fast‑moving space, and Roadzen must keep proving that its tools actually lower costs and improve risk outcomes for partners, or those partners can switch to alternatives. Execution, sales cycles with large enterprises, and regulatory complexity remain key competitive risks.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of Roadzen’s story. The company is heavily focused on A.I., machine learning, and computer vision to automate damage assessment, monitor driving behavior, and speed up claims. Products like DrivebuddyAI, VIA, xClaim, and MixtapeAI show a wide range of applications, from safety and inspections to customer service automation. Its regulatory approvals in key markets and large driving‑data set provide real differentiation and a form of moat. The main question is less about technology capability and more about monetization: how quickly and profitably these innovations can be adopted at scale by insurers, automakers, and fleets worldwide.

Summary

Roadzen is an ambitious insurtech platform business: technologically advanced, asset‑light, and aiming to sit in the middle of the global auto insurance and mobility ecosystem. Its strengths lie in cutting‑edge A.I., broad product coverage, and a growing network of high‑profile partners and a sizable future deal pipeline. On the other hand, the company operates with a thin and sometimes volatile revenue base, persistent losses, negative equity, and ongoing cash burn, which all highlight financial and funding risk. The investment case around Roadzen hinges on successful execution: turning pilots and partnerships into durable, large contracts, expanding in connected and electric vehicles, and steadily moving toward sustainable profitability. Until then, it remains a high‑innovation, high‑uncertainty story where both upside and downside are heavily tied to its ability to scale and control costs over the next several years.

NEWS

November 14, 2025 · 7:45 AM UTC

Roadzen Reports $13.7 Million Second Quarter Revenue, a 15.2% Improvement Over Prior Year Quarter, and Fifth Consecutive Quarter of Adjusted EBITDA Improvement

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November 4, 2025 · 8:00 AM UTC

Roadzen and Mizuho Agree to Extend Maturity of Senior Secured Facility by 18 Months to June 30, 2027

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October 29, 2025 · 7:30 AM UTC

Roadzen Signs Definitive Agreement to Acquire Majority Control of a Commercial Auto Insurance Broker, Expanding Its U.S. Footprint

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October 16, 2025 · 8:45 AM UTC

Roadzen's DrivebuddyAI Secures Six Major E-Commerce Trucking Fleet Clients in Nationwide Rollout Across India

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October 14, 2025 · 9:46 AM UTC

Roadzen Wins Major Auto Insurance Mandate Worth More Than $20 Million in Annual Premiums from One of the World's Largest Carmakers

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